Answer:
$40000 is the opportunity cost to attend college.
Explanation:
The opportunity cost is something that a person loses in order to acquire the other thing. In the given case total tuition fees of 4 years are $40000. Moreover, Gallagher has two options. First, he can forgive the idea to go to college and save $40000. Secondly, he can go to college and lose $40000. Let us assume Gallagher attends the college. If he attends college then he has to lose $40000. Thus, this $40000 is the opportunity cost to attend college.
The opportunity cost to attend college should be $40,000.
What is the opportunity cost?It is the cost that where the person should sacrifice one thing to obtain the other thing. Since the total tuition fees for 4 years should be $40,000 also the person have two options. The first option is that he don't to go to college and save $40,000 and the second option should be to go to college.
So here we conclude that The opportunity cost to attend college should be $40,000.
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Tim, who works for Peachtree Realty, referred a buyer to a broker who works for Pinetop Realty. The referring agent is to receive 25%of buyer side commission when the transaction closes. The buyer purchased a $350,000 home, and the 7% commission was split as follows: listing brokerage, 2%; listing agent, 2%; buyer's brokerage, 1.5%; buyer's agent, 1.5%. How much was the referring agent paid
Answer:
$1,312.50
Explanation:
Calculation for How much was the referring agent paid
First step is to find the buyer agent amount by using the buyer's agent percentage to multiply the buyer purchased amount of the home
Using this formula
Buyer agent amount =Buyer's agent percentage× Home purchased amount
Let plug in the formula
Buyer agent amount=1.5%×$350,000
Buyer agent amount=$5,250
The last step is to find How much was the referring agent paid
Using this formula
Amount referring agent paid =Buyer agent amount× Percentage of buyer side commission
Let plug in the formula
Amount referring agent paid=$5,250×25%
Amount referring agent paid=$1,312.50
Therefore the amount that the referring agent paid will be $1,312.50
The president of Deal Corporation wrote to Boyd, offering to sell the Deal factory for $300,000. The offer was sent by Deal on June 5 and was received by Boyd on June 9. The offer stated it would remain open until December 20. The offer:
Answer:
is valid until December 20, but it can be revoked by Deal any time before that date unless Boyd has accepted it.
Explanation:
An offer can be revoked by the offeror at any time as long as the following two conditions exist:
the offeror notifies the offeree that the offer is being revokedthe offeree has not yet accepted the offerDescribe three steps to take that will sharply reduce the number of laboratory accidents
Answer:
1. The experiments should be clear in mind and well understood before coming to lab, for this the experiments should be well read.
2. Take proper precautions when working in the lab as, no insane acts shall be performed also due care with the use of apparatus and instruments in the lab shall be taken care of.
3. Even in some imaginary or worst case if help is required because of any incident that took place unwillingly and might lead to some loss, then you should be able to ask for help, also know the persons from whom you are supposed to seek help.
Using standard costs can make management planning more difficult. weakens management control. does not help in setting prices. promotes greater economy.
Answer:
promotes greater economy.
Explanation:
The standard cost is the predicted cost that is used for manufacturing the product. It involves direct material cost, direct labor cost, and manufacturing cost. Instead of using the actual cost of the above costing use the expected or standard cost so that the company could known about the variances that lies between the actual cost and the standard cost
Therefore by using the standard cost it promotes the greater economy
Hence, the last option is correct
Many businesses have a(n) __________, which is a password-protected network that uses web-based technologies for employee collaboration and productivity. Select one: a. firewall b. intranet c. internet d. social network
Answer:
b. intranet
Explanation:
An intranet is basically a computer network that cannot be accessed by the general public. Generally we think of intranets as local networks that are restricted to only a certain group of users, but some intranets are national or even international. The pentagon's intranet is accessed from all over the world.
The difference with the internet, is that anyone can access the internet, while an intranet is used by specific people.
Provider ______ is the difference between company understanding of customer expectations and the development of customer-driven service designs and standards.
Answer: Gap 1
Explanation:
The Gap model is used to better understand the problems involved in delivering superior services to customers which can then be overcome for better customer service.
There are 4 gaps and the relevant one here is Gap 1 which is the Listening Gap. Gap 1 is the difference between company understanding of customer expectations and the development of customer-driven service designs and standards.
This Gap is very important to note because the company cannot deliver to its customers effectively if it does not understand what they want in the first place.
Not offering ski equipment in a southern state is an example from what "chunk" of Marketing? a Channel Management b Marketing Information Management c Market Planning d Pricing e Promotion f Selling
Answer:
Market Planning
Explanation:
Marketing Planning are steps taken that consists of market situation analysis, analysis of marketing opportunities information, market and forecast, to develop a bases for objectives to achieve in the market structuring and advancing a marketing approach or strategy. As such the marketing plan are an outline of actions having a strategic base.
Examples of marketing planning includes;
1) Advertisement
2) Cause Marketing, that ties the offered product to a particular social cause or people policy or issue
3) Marketing by word of mouth
4) Marketing on the internet
5) Marketing based on relationship
A firm's demand for labor is derived in part from Group of answer choices the value of the firm's stock price. the firm's sunk costs. consumer demand for the firm's product. worker preferences for jobs. the level of monthly union dues.
Answer:
consumer demand for the firm's product.
Explanation:
Derived demand is demand for a good or service as a result of the demand for another good and service. The demand for labour and factors of production is an example of a derived demand.
In order to produce a good or service, there is need for factors of production. Labour is one of the factors of production. Goods would only be produced as a result of people demanding for the good. If there is no demand for a good, firms would not produce the good and as a result there would be no need to demand for labour to help in producing the good
____________ means when a company is paying more attention to the specific product than to the benefits and experiences produced for customers
Answer:
Marketing myopia
Explanation:
Marketing myopia is when a company focus solely on their products rather than the value or long term benefits those products would offer. The idea about marketing myopia is that businesses, firms would perform better when they exert more efforts on the value to be derived from their products rather than just selling them.
The longterm goals that should be focused on in marketing myopia are customer satisfaction, product quality etc. An example of marketing myopia is when a firm perceive itself to be the sole producer of certain product hence decided not to invest and make further research on how to improve the product .
The study of group __________ helps us to recognize the formation of a group and states how the group should be organized, lead and promoted. Fill in the blank.
Answer:
dynamics
Explanation:
Group dynamics is a term that is used in describing the formation and the actual nature or characteristics of a group in connection to every member of the group and or in relation to how the group interacts with other groups.
Hence, the study of group DYNAMICS helps us to recognize the formation of a group and states how the group should be organized, lead, and promoted.
When the Group of dynamics may be a term that's utilized in describing the formation and also the actual nature or characteristics of a bunch in connection to each member of the group and or in respect to how the group interacts with other groups.
DynamicsHence, the study of social psychology that is Dynamics helps us to acknowledge the formation of a gaggle and states how the group should be organized, lead, and promoted.
Thus, the correct answer is Dynamics
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Dr. Lifeson has taken a job consulting with Omega Inc. The managers at Omega want to know why employee morale is so low in their manufacturing division, and they want Dr. Lifeson to design the appropriate studies and collect the necessary data to answer that question. In which field is Dr. Lifeson most likely a specialist
Answer: Industrial/Organizational psychology.
Explanation:
Industrial or organizational psychologists are the people who use research methods and psychological principles to solve problems that occurs in the workplace and also help in improving quality of life.
They help in studying the productivity at workplace and working styles of both the management and employes. They also study company's morale and personality.
Don Jacobson runs a successful wholesale business that sells equipment to restaurants throughout the Southwest. He is considering purchasing his own fleet of trucks to deliver the equipment instead of relying on a shipper as he is currently doing. This most closely represents a decision about
Answer:
the best way to distribute his products
Explanation:
This most closely represents a decision about the best way to distribute his products. By considering buying his own trucks he is taking full responsibility of the distribution aspect of his company, meaning how he will get the final products to the consumers. Buying his own trucks also allows him to save money in the long run by not having to pay a third party company to handle these tasks.
Consider the equation for present value. if you wished to increase the present value of a future amount by changing only one variable, which of the following actions should you take?
a. increase the time period
b. decrease the future value
c. decrease the interest rate
d. this statement cannot be answered with the information provided
Answer:
C
Explanation:
The formula for calculating present value
= FV x (1 + r)^-n
FV = Future value
P = Present value
R = interest rate
N = number of years
To answer this question, let me illustrate with some examples
Scenario 1 :
FV = $100 r = 5% n = 1 PV = $95.24
Scenario 2 : increase the time period
FV = $100 r = 5% n = 2 PV = $90.70
Scenario 3 : decrease the interest rate
FV = $100 r = 4% n = 1 PV = $96.15
Scenario 4 : decrease the future value
FV = $90 r = 5% n = 1 PV = $85.71
We can see that it is in scenario 3 that the present value increased
Help me please please please
Answer:
1 ) $17.14
2) $41.8
3) $39.2
4) 12%
Explanation:
1-3) 100% is full. subtract the percent off by 100. For example #1 is 25%, we would 100% - 25% = 75%. then multiply the percentage by the price which is $22.85 x 0.75 = $17.14
same for the rest
4) use the formula
Discount = original price - selling price
$399 - $350 = $49
then use the formula
% = discount/original price multiply by 100%
$49/$399 which is 0.1228 then multiply it by 0.100 which is 12%
check your answer by 100 - 12 = 88 then 399*0.88 = 351.12
they round the price so it is $350
X Company purchased land for cash from Y Company. Based on this information alone, the number of reporting entities is ______.
Answer:
2 (two)
Explanation:
Company X and Company Y are known as reporting entities because they have to prepare financial statements based on their transactions. Company X is the buyer and Company Y is the Seller.
You added an extra $100 to your expense statement and Sara added an extra $1000 to her expense statement. If you believe both of you are equally wrong (this does violate company policy), what is your level of values maturity?
Answer:
The answer is "The Second Level of maturity".
Explanation:
In every organization, the second level of maturity is the component of project development, which would be more generally accepted. Throughout the sector, many works are often managed, although operational experts.
It will involve for instance in its division, that may have hired some managers on this particular job role or the responsibility to execute major tasks. It is also another type of initiative to develop good business for wide project management.Your client's investment portfolio is 50% growth stocks, 10% foreign stocks, and 40% blue-chip stocks. If the client is interested in further diversification, which mutual fund would best meet that goal
Japan, with a high population density and a large number of urban centers that grew up before the automobile, has a retail system with many small stores serving local neighborhoods and to which people frequently walk. However, none of these stores has a major share of the market. According to this information, which kind of a system does Japan have
Answer:
Fragmented Retail system
Explanation:
A fragmented retail system can be defined as a market in which no firm can has or can exert any influence to move the market in a particular direction.
This simply means that a fragmented retail system is one in which no product or firm has a grip or major share in the market. This leaves the market to a lot of small and medium scaled businesses competing with larger companies.
From the question, it can be seen that there a lots of small stores that serves the neighborhood. This means that the small shops cater for the needs of people within its vicinity such that there isn't any need for visiting larger stores.
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In year 1 the CPI is 174, and in year 2 the CPI is 190. If Sarah's salary was $49,800 in year 1, what salary in year 2 would cause her to exactly "keep up with inflation"
Answer:
Salary in year 2 = $54,379.31
Explanation:
The Consumer price index is the weighted average of the cost of basket of good of goods and services consumed by a typical consumer in an economy. It is used to measure the rate of inflation rate.
A rise in the price index implies inflation
Inflation is the increase in the general price level. Inflation erodes the value of money.
So we can determine the salary in the year 2 as follows:
2006 Salary in the base year terms=
CPI in the current year 2/CPI base year 1 × salary in the current year
190/174× 49,800 = 54,379.31
Salary in year 2 = $54,379.31
When there is an expansionary gap, inflation will ______, in response to which the Federal Reserve will ____ real interest rates, and output will _____.
Answer: increase; raise; decline
Explanation:
An expansionary gap occurs in an economy when the potential output in the economy is less than the actual output.
It should be noted that when there is an expansionary gap, this will lead to a rise in inflation. Since inflation has risen, the government will also increase the real interest rates which will in turn, lead to the reduction in output.
HELP I AM BEING TIMED!!!!!
Damell has an eye for detail and is good at drawing realistic pictures. His friend Riannon is very good with her
hands and at following directions to assemble materials. Considering Damell and Riannon's skills, how would they
best fit into careers in architecture and construction?
Damell is bemer fit for work in construction, while Riannon is better fit for work in architecture.
O Riannon is better fit for work in construction, while Damell is better fit for work in architecture.
Both Damell and Riannon would be more successful in architecture than in construction.
O Both Damell and Riannon would be more successful in construction than in architecture.
Answer: b
Explanation:
in these, the Damell and Riannon's skills, they best fit into careers in architecture and construction is Riannon's is better fit for work in construction, while Damell is better fit for work in architecture. The correct option is (B).
What do you mean by the architecture?Architecture, as opposed to construction-related abilities, is the art and technique of designing and building.
Architecture is a discipline that satisfies both functional and expressive needs, and as a result, it serves both utilitarian and aesthetic goals.
These two ends can be identified from one another but they cannot be separated, and the proportional importance accorded to each can differ significantly.
In accordance with the requirements of its various organizations, society determines the types of architecture, not architects. Society establishes the objectives, and the architect is tasked with figuring out how to get there.
Therefore, in these the Damell and Riannon's skills, they best fit into careers in architecture and construction is Riannon's is better fit for work in construction, while Damell is better fit for work in architecture.
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An open market purchase will cause Question 32 options: Borrowed reserves to rise and the Fed Fund Rate to fall Nonborrowed reserves to rise and the Fed Fund Rate to fall Nonborrowed reserves to fall and the Fed Fund Rate to rise Borrowed reserves to fall and the Fed Fund Rate to rise
Answer:
Non Borrowed reserves to rise and the Fed Fund Rate to fall
Explanation:
An open market purchase is when the Central bank buys securities from banks. This increases money supply, increases the federal funds rate to fall and increases reserves
Borrowed reserves are monies borrowed by banks from the central bank to maintain required reserves.
Jocko has a high school diploma and owns a corporation that nets over a million dollars a year. In view of this, what is the best description of Jocko based on middle-class standards?
Answer:
Jocko is status inconsistent because his level of education, which is not consistent with his rank in property and power.
Explanation:
Status inconsistency occurs when the social position has both negative and positive impact on his social status.
It occurs when an individual is socially respected in one way and not another. For example a teacher may earn small amount of money but he is respected in society as a learned person.
Status in insistence occurs as a result of profession, income, education and social circles.
In this scenario Jocko has a high school diploma and owns a corporation that nets over a million dollars a year.
His income makes him someone that is highly respected in society, however educationally he will not have as much respect because he only has a diploma.
What refers to marketing via the Internet using company websites, online advertising and promotions, email marketing, online video, and blogs
Answer: Online marketing
Explanation:
Online marketing simply means marketing via the Internet using company websites, online advertising and promotions, email marketing, online video, and blogs.
It is also called internet marketing and through the internet, a brand or business can be promoted by using tools that will help the business drive leads, traffic, and sales.
Money available to a household over and above what is required to have a comfortable standard of living is called ________.
Answer:
Discretionary income
Explanation:
Discretionary income is what is left of a person's income for spending, investing, or saving after paying taxes and necessities.
What activities are FBLA-PBL members most likely to participate in?
Answer:
FBLA-PBL members most likely to participate in business competitions and leadership conferences.
Answer:
leadership conferences
business competitions
Explanation:
write and submit a 100-word summary or more, answer to the following essential question: "How can I improve my human capital and prepare for my dream job/career?" Include all of the following terms in your response: career, human capital, hard skills, job, postsecondary education, soft skills, and training. Use the "RAP Method" to answer the essay. This means you should (1) restate the essential question, (2) answer the essential question, and (3) prove or support your answer with specific information or details.
Answer:
How can you improve your human capital and prepare for your dream job/career? Don't worry and follow following steps:
(1) Get more education
(2) Get more experience
(3) Automate your finances
(4) Explore beyond your industry
(5) Get involved
(6) Improve your public speaking and presenting skills
(7) Cultivate your human network
(8) Publish your thoughts
A product line is a group of products that are physically similar or are intended for a similar market. What is the best example of a product line?
Explanation:
A product line can be defined as a strategy that a company uses to produce similar products but that meets different needs of different audiences. The advantage of this strategy is to achieve a greater market share and increase positioning and strengthen a brand in the market.
An example of a product line is a chocolate brand, Lindt for example, which has several types of chocolate, such as milk, white, dark, diet, etc.
For the year ending December 31, 2018, Sparks Electric expects net cash provided by operations of , net cash used by investing activities of , and net cash provided by financing activities of . Sparks plans to spend to add a warehouse for its operations and pays in cash dividends. What is the amount of free cash flow?
Answer: C) $40,000
Explanation:
The free cash flow to a company is that amount of cash that it has generated from its operations that it can therefore use to purchase assets and pay off dividends.
Cash from operations = $328,000
Dividends = $31,000
Spending on warehouse (asset) = $257,000
Free cash flow = 328,000 - 257,000 - 31,000
= $40,000
The buying and selling of goods or services over computer networks is known as _______, whereas _______ involves using the Internet to facilitate every aspect of running a business.
Answer:
Electronics or e - commerce
Electronics or e - business
Explanation:
Electronics or e - commerce is an online platform that is used to enhance the selling and payment for the goods and services over the internet using computer network .
It allows a larger coverage , keeps customer record for easy retargeting and low financial cost among other benefits.
Electronics or e business is an online platform that uses the internet to facilitate every aspect of running a business through computer networks. Though similar to e commerce , but it is specifically used for business administration and not for sales purpose.