Explicit costs are the monetary payments made for market-supplied inputs while implicit costs are non-monetary opportunity costs.
Market, a means by using which the alternate of goods and offerings takes location as a result of shoppers and dealers being in touch with one another, both without delay or through mediating dealers or establishments.
A market is an area in which consumers and sellers can meet to facilitate the alternate or transaction of goods and offerings. Markets can be physical like a retail outlet, or digital like an e-store. Different examples encompass illegal markets, auction markets, and financial markets.
The definition of a market is an area in which you go to buy matters or a call for a specific item. An example of a marketplace is a grocery save or a farmer's marketplace where stands are set up and fruits and vegetables are sold.
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hey hows everyone i need help with this
Answer:
thank you for the points..have a good day
14. in 2018, cities including seattle and san francisco passed laws banning the use of plastic disposable straws because they are harmful to the environment (because plastic does not easily biodegrade) and to marine life (which ingest straws that end up in the ocean). opponents point out that such bans may result in unintended monetary cost as well as external cost.
In the above situation, the potential costs that may be derived will be,
Straws made of alternative materials lack the flexibility of plastic straws. This makes it harder for people with disabilities, seniors, and children to use them. Compostable straws are an alternative to disposable straws. For compostable straws to break down properly they need to be disposed of in a special commercial composter, an infrastructure that needs to be created. Alternatives to disposable straws do not need fossil fuels to be recycled.Therefore, the options B, C and D hold true.
What is the significance of potential costs?The potential costs can be referred to or considered as the costs that may have a contingency of being incurred by a producer upon the effects of some external factors.
Therefore, the options B, C and D holds true and states regarding the significance of potential costs.
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The question seems to be incomplete. It has been added below for better reference.
14. In 2018, cities including Seattle and San Francisco passed laws banning the use of plastic disposable straws because they are harmful to the environment (because plastic does not easily biodegrade) and to marine life (which ingest straws that end up in the ocean). Opponents point out that such bans may result in unintended monetary cost as well as external cost.
Which of the following describes potential costs that may arise as a result of these new laws? Select all that apply.
A. Alternatives to plastic straws cost at least 10 times more than the current price of plastic straws.
b. Straws made of alternative materials lack the flexibility of plastic straws. This makes it harder for people with disabilities, seniors, and children to use them.
C. Compostable straws are an alternative to disposable straws. For compostable straws to break down properly they need to be disposed of in a special commercial composter, an infrastructure that needs to be created.
D. Alternatives to disposable straws do not need fossil fuels to be recycled.
For new college students, the most important goal of higher education is:
A. meeting new people
B. becoming career-ready
C. exploring disciplines to find a major
D. participating in clubs and teams
Answer: I believe C is the answer.
Explanation: Sorry if it's wrong :C
For new college students, the most important goal of higher education is becoming career-ready. The correct option is b.
The most significant goal of higher education can differ from one student to the next. Other components, such as personal development or academic discipline exploration, may be prioritized by some students. For many incoming college students, though, getting career-ready is a primary aim that motivates their educational journey.
While meeting new people, researching subjects to select a major, and participating in organizations and teams are all important parts of the college experience, for many students, the main objective of higher education is preparing for their future jobs. Students can explore several career options and industries through higher education. Students can make educated choices about their future professional aspirations through academic guidance, career counseling, and exposure to numerous fields.
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david wants to know if his company's resources are being used in the best, most productive manner in order to achieve company goals. david wants to know his organization's .
David wants to know if his company’s resources are being used in the best, most productive manner in order to achieve company goals. David wants to know his organization’s efficiency.
What is the significance of the organization’s efficiency?Organizational efficiency of an organization mainly examines and determines how to increase the productivity of an organization by using a specific amount of resources.
Organization’s efficiency plays a very significant role in the smooth and effective operations of the firm as it helps the organization achieving the objectives.
Basically, the efficiency of an organization completely depends on its employees, resources, goals and objectives.
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13. Olive Baker has a paycheck for $173,45 and a refund check for $3. She
would like to receive $25 in cash and deposit the remaining amount.
What is her total deposit?
Answer:
$151.45
Explanation:
Olive had two checks; the total for the two checks is
=$173,45 + $3
=$176.45
Olive wishes to have $25 in cash, net deposits
= $176.45 - $25
=$151.45
what is a paid tax preparer's correct response to a taxpayer who omitted items on an income tax return that was submitted in a previous year?
The correct reaction from a professional tax preparer to a taxpayer who missed things on an income tax return that was submitted in a prior year is to inform the taxpayer of the implications of not updating the prior year's return.
A taxpayer is a person or a company that must pay taxes to the federal, state, or municipal governments. Governments mostly derive their income from taxes on both citizens and businesses. Individual taxpayers must typically file and pay both federal and state tax returns each year in the US. While companies must also submit yearly returns, they typically budget for and make recurring anticipated tax payments throughout the year.
Governments at all levels—federal, state, and local—legislate and enforce the U.S. tax code. The major governmental body responsible for enforcing the actualized income tax laws for taxpayer both individuals and corporations is the Internal Revenue Service (IRS).
Implementing and enforcing localized taxes, such as sales taxes and property taxes, falls under the purview of state and municipal revenue agencies. Both individuals and taxpayer corporations need to be aware of their tax responsibilities because failing to pay required taxes can result in fines or other legal measures.
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if the cost of a direct material is a small portion of total production cost, it may be classified as part of
If the cost of a direct material is a small portion of total production cost, it may be classified as part of factory Overhead Cost.
What is factory Overhead Cost?
The expenses incurred in the manufacturing process, excluding the costs of direct labor and direct materials, are referred to as factory overhead. Typically, factory overhead is gathered into cost pools and distributed to units produced throughout the time period.
Therefore,
If the cost of a direct material is a small portion of total production cost, it may be classified as part of factory Overhead Cost.
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The Fairmont Hotels chain of hotels and resorts has a practice of inputting information about a guest's preferences into a database, which is referred to by the employees the next time the guest returns to the hotel. Philip, who is a regular customer of Fairmont Banff Spring. He On arrival, he gets out of the cab, enters the hotel, goes to the guest desk, and talks to the guest executive about his room. These customer interactions are referred to as _____.
Answer:
Touch points
Explanation:
Touch points of a business are the points at which there are contact with the customer in the course of a business providing service to the customer.
For example a customer may encounter a business brand on its website, through add, or calls to its customer service.
In the given scenario Fairmont Hotels inputs information about a guest's preferences into a database, which is referred to by the employees the next time the guest returns to the hotel.
This is a record of touch points with customer to guage how to give him better service in the future
When companies provide too few products in a product line, they run the risk of ________.
When companies provide too few products in a product line, they run the risk of missing important market opportunities.
Product adoption describes the process by which users become aware of a product, understand its value, and start using it. This process is typically broken down into four distinct phases: awareness, interest, evaluation, and conversion.
During the growth phase of the product life cycle, both sales and profits product line peak and begin to decline due to increased competition. During the introduction stage of the product lifecycle, low sales and high selling and advertising costs result in negative or low profits.
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after successfully overcoming a potential customer's objection to buying the vacuum cleaner he was selling, terrence, a salesperson, asked the customer for an order. terrence is in the stage of the selling process.
Terrence is in the closing stage of the selling process. Thus, option D is correct.
What is selling?Selling can be defined as the process where the person sells or convinces another being to purchase the product or to take the services that the company is to offer.
As the person was convinced that he needs to buy a vacuum cleaner and that means that he is ready to buy.
Terrance just asked the person what will be his order, which means that what will be the quantity that he will take or what type of vacuum cleaner is he going to buy. Therefore, option D is the correct option.
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The question is incomplete, the complete question will be:
After successfully overcoming a potential customer's objection to buying the vacuum cleaner he was selling, Terrence, a salesperson, asked the customer for an order. Terrence is in the ________ stage of the selling process.
A) follow-up
B) approach
C) preapproach
D) closing
E) prospecting
What type of innovation focuses on the supply side, looking for opportunities to remove non-value-adding steps from the workflow?.
The answer is Process Innovation.
Innovation is a new change in the form of ideas, ideas, practices or specific objects/objects, through programs that are planned and designed to achieve certain goals. An innovation can be said to be successful if the creation and implementation of new processes, products, services and methods can produce effective and efficient quality improvement results.
Innovation can be defined as a company's mechanism to adapt to a dynamic environment. Therefore, companies are required to be able to create new thoughts, new ideas by offering innovative products and improving services that can satisfy customers.
There are four characteristics in an innovation, including the following:Have a special / specialHas features or elements of noveltyInnovation programs are implemented through planned programsThe innovation that is rolled out has a purposeYou can learn more about Innovation here brainly.com/question/1008019
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Sarah got a big raise at her job, so she bought herself a new truck. She knew it was a splurge, but she figured with her extra money coming in, it would be manageable. Unfortunately, her company had to cut her job the very next month, leaving Sarah with a new truck and no extra money to pay for it. What does this scenario BEST represent? income risk interest rate risk personal risk inflation risk
Answer:
income risk
Explanation:
income risk
she thought she had lots of income, so she took a risk
Hope this helps plz hit the crown
The correct option is A). Income Risk
What is Income Risk?Income risk is the type of risk that the income stream paid by a fund will decrease in regards to a fall in interest rates.
Income risks mainly occur due to the unpredictability of the market and can impact the market value and cash flows from the security.
This risk is most prevalent in the money market.
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a share of ownership in a corporation that represents a claim on a portion of that company's earnings is a (5 points) bond stock future mutual fund
A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess.
Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges. Government standards designed to shield investors from dishonest tactics must be followed during stock trades. In order to raise money to run their operations, corporations issue stock, and the holder of that shares, known as a shareholder, may be entitled to some of the company's assets and earnings.
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Answer: Stock
Explanation:
I took the test and got it right
Holly is a small business owner whose income is reported on Schedule C. She placed her 2016 Honda Accord into service when she purchased it on January 1, 2018 for $24,000. She did not claim any §179 expense, but she did claim bonus depreciation. In 2018, she drove her vehicle 9,600 miles for business, 5,200 commuting miles, and a total of 18,000. What is Holly's depreciation for the car in 2018?
Answer:
the depreciation for the car is $9,600
Explanation:
The computation of the holly depreciation for the year 2018 is as follows:
In the case when the automobiled is used for business i.e. lower than 100% so it would be determined proportionally
i.e.
= $18,000 × 9600 Miles ÷ 18000 Miles
= $9600
Also the communting expense would be considered as a personal expense
So, the depreciation for the car is $9,600
What is the main reason for creating a budget?
to spend money without worry
to avoid financial problems
to avoid needing an income
to get out of financial trouble
One of the main reason to make a budget is to prevent financial difficulties.
Having a budget promotes financial stability and to avoid any problem related to finance in the future. A budget makes it simpler to manage money, pay bills on time accumulate an emergency fund, and save for significant costs like a car or home by keeping track of spending and sticking to a plan. Overall, having a budget gives a person more financial stability for both the short and long term. A budget makes it simpler to pay bills on time, accumulate an emergency fund, and save for significant costs like a car or home by keeping track of spending and sticking to a plan. Overall, having a budget gives a person more financial stability for both the short and long term.
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generally accepted government auditing standards define and describe three broad types of audits that may be performed: financial audits, engagements and audits. (enter only one word per blank.)
Generally accepted government auditing standards define and describe three broad types of audits that may be performed: financial audits, attestation engagements and performance audits.
What is Government?A government is refer as administrative body which helps in the proper functioning of the country by maintaining peace and order by implementing laws and legislation describe in the constitution.
Generally accepted government auditing standards are refers as measures or guidelines provided by the government to calculate the or check the accountability and performance.
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efer to the accompanying payoff matrix. player 1 player 2 a b a $50,$5 $25,$30 b $40,$2 $20,$1 suppose the simultaneous-move game depicted in this payoff matrix could be turned into a sequential-move game with player 1 moving first. in this case, the equilibrium payoffs will be multiple choice ($25, $30). ($20, $1). ($40, $2). ($50, $5).
In this case, the equilibrium payoffs will be (40.2)
In the human body, your equilibrium is the body's feeling of position and movement which include your sense of stability. The chemical term for equilibrium is comparable in nature.
The word equilibrium is commonly used to consult intellectual or emotional stability, and a close synonym in this feel is composure. In chemistry, equilibrium is the condition existing while a chemical reaction and its reverse reaction arise at identical quotes.
A few everyday examples of equilibrium encompass a car at relaxation at a forestall sign, a vehicle transferring at a consistent velocity, two people balancing on a see-saw, two gadgets at identical temperatures, gadgets with identical charge density, and the population of a species staying the same.
vinegar(25,30) (40,2)
S
b
(50,5)
(201)
if (PI) chooses A Pe will
are (25,30
Choose (b)
and payable
if (PI) chooses B, P will
Choose a
and payoff is
40,2).
since the payoff of (PI) is
more when playing A will choose ® and
the payoff will be (40.2)
Option (B) is Coore it
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roy is willing to pay $2.50 for a sports drink. he puts $5.00 into the vending machine and pushes the button for the sports drink without noticing that the price has increased to $2.75 until he counts the change he gets back.
Since Roy is willing to pay $2.50 for a sports drink, but since the price has increased to $2.75, his consumer surplus would be $0.
Consumer surplus is an economic measure of the benefits that consumers receive as a result of market competition. When the price that consumers pay for a product or service is less than the price that they are willing to pay, this is referred to as a consumer surplus. It is a measure of the additional benefit that consumers receive as a result of paying less than they were willing to pay for something. Consumer surplus and producer surplus can be compared.
Consumer surplus rises when the price of a good falls and falls when the price of a good rises. Economists visualize it as the triangular area under the demand curve between the market price and what consumers are willing to pay.
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Which of the following is a reason to join an interest group?
Answer:
for fun/entertainment purposes
Explanation:
if not then its up to you, your choose, you make.
the changs, owners of forever 21, lacked some of the skills exceptional managers need. based on the management in action case, which skill did they lack the most?
Based on the management in action case, the skill that they lack the most is known as the Conceptual skill.
What is a Conceptual skill?This managerial skills are known as thinking skills that let you grasp complex ideas and come up with answers for difficult problems.
The leader that possess a conceptual skill can think through their ideas, transforming thoughts into action-driven solutions. The leaders with a a conceptual skills as seen as strategic leaders because of their ability to strategize about potential situations and how to resolve them.
Therefore, based on the management in action case, the skill that they lack the most is known as the Conceptual skill.
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If there is a high demand for a product, then production will be__.
a. decreased
b. increased
c. the same
d. none of the above
Answer:
the answer is b. increased
Answer:
B.increased
Explanation:
if there is high damand for a product they will make/order more so they can get more money off of that popular item because a lot of people are buying it. so most likley the production of that item will be increased because it will help make them lots of money if they have that item in their store a lot.
the clause in a mortgage that best describes the requirement of the mortgagee to execute a satisfaction of mortgage when the note has been fully paid is
The clause in a mortgage that best describes the requirement of the mortgagee to execute a satisfaction of mortgage when the note has been fully paid is defeasance
What Is Defeasance?
When the borrower sets aside cash or bonds big enough to pay the obligation, the contract's defeasance clause renders the bond or loan worthless on the balance sheet. The outstanding debt and cash balance on the balance sheet are equal, thus they do not need to be reported because the borrower sets aside funds to pay down the bonds.
Buying commercial real estate is one instance of using defeasance. Due to commitments to bondholders having a stake in the commercial mortgage-backed securities (CMBS) that houses the loan, commercial loans may have hefty prepayment penalties in contrast to home mortgages.
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AWARDING BRAINLYIST TO CORRECT ANSWER!!!!!!!!!!!!!!!!!!!!!!!!!!!
Joshua wants to be a lawyer. He found the following table on the Bureau of Labor Statistics’ website to find out about the employment projections 2022. Review the table. Then, answer the question below.
What conclusion can Joshua draw from this table?
A.
There are very few lawyers in the country.
B.
He could make more money working in marketing instead.
C.
There is an increasing need for lawyers, so it is a good career option.
D.
He will probably have a lot of student loans after he graduates.
E.
Lawyers are needed to work for the government and private firms.
Answer:
Explanation:
A) wrong. You call 3/4 of a million not very many? Let's see what the other answers are.
B) We don't know anything about marketing from this table. Let's move on. This is likely not the best choice.
C) There is an increased need? We don't know that. What would we compare it to? An increase in population might account for the 10% increase in lawyers. I would say it's likely not C.
D) We don't know this either. Maybe, but he might anyway.
E) We don't know this either. They might be self employed.
So no answer appears obvious. We have to make a choice from answers we don't like.
Since all the others don't seem feasible, I guess C is the best answer, but don't be surprised if it is something like A
Answer:
The correct answer is C
Explanation:
i know this because I got it right
increasing the money supply in an economy will the economic activity but it may also increase . brainly
Increasing the money supply in an economy will the economic activity but it may also increase "inflation".
What do you mean by inflation?Inflation is referring to as the rate of the boom in terms of costs over a specified period of time.
Inflation is normally consisting of the conditions of general rise in prices or the growth in the price.
In economics, the examples of inflation include general fee stage rises. The types of inflation include Demand-pull inflation, Cost-push inflation and Built-in inflation.
Adding to it, the high inflation conditions are normally taken into consideration as harmful, some economists trust that a small quantity of inflation can help pressure an economic boom.
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magnus aerospace produces and sells aircraft and has approximately a 2-year operating cycle. magnus's liabilities include commercial paper due in 270 days, a bank note due in one year, and bonds that will mature in 18 months. magnus should most appropriately classify as current liabilities:
All of these are current liabilities because Magnus aerospace produces and sells aircraft and has approximately a 2-year operating cycle.
What causes current liabilities to increase?Short-term loans, unpaid income taxes, unearned revenues, and other obligations are included in current liabilities. A rise in the number of accounts payable from one period to the next indicates that the business is using credit to pay for more goods and services than it is consuming.
In accounting, current liabilities are frequently interpreted as all debts owed by a company that must be paid in cash within the fiscal year or the operational cycle of that particular company, whichever is longer.
Magnus's liabilities include commercial paper due in 270 days, a banknote due in one year, and bonds that will mature in 18 months.
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inventory cost reduction will result in? group of answer choices profit decrease profit decrease, but only if stockout costs are avoided profit increase profit increase, but only if stockout costs are avoided
The problem can be solved by reducing inventory expenses, but only if stockout costs are kept to a minimum.
What is the reduction in inventory costs? What are some ways inventory management cuts costs?Inventory reduction is key to lowering the cost of inventory. Your expenditures will be lower the less you own. And the most expensive inventory you can have is outmoded stock. If you already have a lot of out-of-date inventory, you can try grouping products to sell more of them or reducing their prices individually.
By applying the economic order quantity (EOQ) formula to your company, inventory management software can reduce your storage expenses. In order to avoid paying for storage beyond what is absolutely necessary, this formula takes storage costs into consideration and helps you decide when to acquire extra products.
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when to place an order is driven by? group of answer choices order lead time both order lead time and how many units are demanded during lead time how many units are demanded during lead time neither order lead time nor how many units are demanded during lead time
Both order lead time and how many units are demanded during lead time as the reorder point is calculated by multiplying the lead time to the demand during the lead time.
Describe order lead times and their types?Order lead time refers to the minimum period of time (described in the relevant Statement of Work) between the date a Purchase Order is received by the Supplier and the date the Product is delivered to the shipping location specified by the Customer, as set forth in such Purchase Order.
The time between receiving a customer's order and fulfilling their purchase is known as the Actual Order Lead Time (A-OLT).
The period of time between the day the customer places the order and the specified delivery date is known as the Requested Order Lead Time (R-OLT).
The Quote Order Lead Time (Q-OLT) is the period of time between the date an order is placed and the date a supplier or business is required by contract to deliver the ordered products.
The delivery lead time for an order between a customer and a supplier is known as the Confirmed Order Lead Time (C-OLT).
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the realized rate of return, or holding period return, is equal to the holding period dollar gain divided by the price at the beginning of the period.
The realized rate of return, or holding period return, is equal to the holding period dollar gain divided by the price at the beginning of the period is true.
A holding period is the quantity of time the funding is held via an investor or the duration of the purchase and sale of a security. In an extended function, the preserving duration refers back to the time between an asset's buy and its sale.
Personal equity investments are historically lengthy-term investments with standard preserving durations ranging between 3 and 5 years. Inside this described time period, the fund manager specializes in growing the value of the portfolio organization as a way to promote it at a profit and distribute the proceeds to buyers.
In making an investment, a holding period refers to the time between the purchase of an asset or investment and its sale. Preserving periods be counted because they decide whether or not an investor can pay the short-term or lengthy-time period capital profits tax rate once they promote an investment for a profit.
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leon's luxury clothing, located in manhattan, designs a line of high end summer apparel for professional men and women. the company is considering opening a location in brazil. the most likely reason for this international expansion is to . question content area bottom part 1 a. gain new ideas about products, services, and business methods b. serve key customers that have relocated abroad c. seek opportunities for growth through market diversification d. gain access to lower-cost or better factors of production e. earn higher margins and profits
A brand of upscale summer clothes is created by Manhattan-based Leon's Luxury Clothing for businessmen and women. Brazil is a potential site for the business. Seeking chances for growth through market diversification is the most likely driver of this worldwide expansion.
Investments are spread among a variety of financial instruments, industries, and other categories as part of the risk-reduction strategy known as diversification. By making investments in various sectors that would all respond differently to the same occurrence, it seeks to reduce losses.
Most investment professionals agree that, although it does not guarantee against loss, diversification is the most important component of reaching long-range financial goals while minimizing risk. Here, we look at why this is true and how to accomplish diversification in your portfolio.
Let's say you have a portfolio that only has airline stocks. Share prices will drop following any bad news, such as an indefinite pilot strike that will ultimately cancel flights. This means your portfolio will experience a noticeable drop in value. You can diversification these stocks with a few railway stocks, so only part of your portfolio will be affected. In fact, there is a very good chance that the railroad stock prices will rise, as passengers look for alternative modes of transportation.
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true or false: when it comes to marketing products and services, marketers do not need to be concerned with any ethical implications of their actions because the consumer bears the ultimate responsibility to determine whether or not a product is needed.
It is a false statement that marketers do not need to be concerned with any ethical implications of their actions because the consumer bears the ultimate responsibility to determine whether or not a product is needed.
What is an ethical implications?It means the consequences of some ethical practices. decision etc. Evaluating a customer needs and wants must be done through an ethical framework to avoid potential problems for the firm and society as a whole.
Therefore, it is false false statement that marketers do not need to be concerned with any ethical implications of their actions because the consumer bears the ultimate responsibility to determine whether or not a product is needed.
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