Suppose Brian Is In The Market For A Used Textbook And The Campus Bookstore Is Having A Sale. If The (2024)

a) To find an annual profit, we can use the inputs provided and use excel to create a two-way data table that shows the profit for different combinations of copiers rented and daily demand.

We can use the formula:

Annual Profit = (Daily Demand * 365 * Charge per copy) - (Copies per year * Cost per copy) - (Yearly rental cost + Other monthly fixed costs * 12)

b) To find the daily demand that will allow you to break even, we can use excel's Goal Seek function, by setting annual profit to zero and solving for daily demand by using the copiers rented as the trial value.

c) To graph profit as a function of the number of copiers for a daily demand of 500 copies and a daily demand of 2000 copies, we can use the data from the two-way data table and use excel to create the graph. The graph will show how profit changes with the number of copiers and the daily demand, the slope will be steeper for a higher number of copiers. The graph for a daily demand of 500 copies will show a lower profit than the graph for a daily demand of 2000 copies because of the difference in the demand. It is important to note that this is a simplified example and it is important to consider other factors such as competition and market conditions before deciding to open a copy shop.

An excel template is provided in the image below.

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Answer: Product Development

Explanation:

Globalization is the process through which countries around the world exchange ideas, do business, and trade goods.

The term "globalisation" refers to the increasing interdependence of the world's economies, civilizations, as well as populations as a result of pass trade of goods and services, new tech, and flows of investor, people, and information. Over many centuries, countries have formed economic alliances to facilitate these movements. However, the term gained currency after Cold War ended in the early nineties, as these co - operative agreements shaped modern life. The term is used more narrowly in this guide to refer to global trade and some capital flow among advanced economies, with a focus on the United States.

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Answer:

Globalization is the answer

Explanation:

Answer:

Capital

Labour

Land

Entrepreneurship

Ceteris paribus is a term used by economists to describe how a variation in "segregated variable" in such a model is examined.

Explain the concept of ceteris paribus?

Ceteris paribus, which translates to "all those other things being equal," is a Latin expression. It is used by experts to describe the theory underlying the laws of nature and economics.

If nothing else changes, it implies that something will frequently take place as a consequence of something else.The analysis of causal relationships between disparate variables is made easier by ceteris paribus.The ceteris paribus model offers a foundational understanding of trends or probability but cannot forecast absolutes or certainties.To explain economic behaviour, economists may choose to restrict the economic mechanism by focusing on two or three variables whereas presuming that all others are constant, immutable, or in the state in ceteris paribus.

Thus, Ceteris paribus is a term used by economists to describe how a variation in "segregated variable" in such a model is examined.

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The operating profit can improve through better management controls, more efficient use of resources, improved pricing, and more effective marketing.

In accounting, a profit is an income that is given to the owner throughout a successful market producing process (business). Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit. There are various profit metrics that are often used.

Income generation and distribution must constantly be balanced in order for income to be formed in market production. Within the review period, the earned money is consistently dispersed as economic value to the production's stakeholders. The portion of revenue generation that the owner is able to retain for themselves during the income distribution process is known as the profit.

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Assuming a gross income of $34,100,113.67, a certain amount was taken out of each paycheck for his 401(k) plan.

What is the percentage?

It is the ratio of two integers expressed as a decimal fraction of a whole number.

It is a statistic for contrasting two sets of data, and the % symbol is used to describe it as a percentage.

Percentages are frequently and creatively used.

For instance, a lot of data is published as percentages in the media, including bank interest rates, retail discounts, and inflation rates.

Percentages are essential for comprehending the financial aspects of daily living.

So, given that a janitorial supervisor earned a gross income of $34,100 last year, he made 8% of that amount as a 401(k) contribution.

The result is:

=8% of 34,100

=0.08(34,100)

=2728

Given that he receives money every two months, or twice a month, for a total of 24 payments, and that there are 12 months in a year:

=2728/24

= 113.666

Therefore, assuming a gross income of $34,100,113.67, a certain amount was taken out of each paycheck for his 401(k) plan.

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Correct question:

Last year, a janitorial supervisor had a gross income of $34,100, of which he contributed 8% to his 401(k) plan. If he got paid bimonthly, how much was deducted from each paycheck for his 401(k) plan?

A.389.71

B.227.31

C.52.46

D.113.67

At a location 150 feet from the bridge's center, the cable's height from the road is 80 feet.

Because the wire crosses the road halfway between two towers

In this case, the origin is assumed to be the vertex at that midpoint.

the maximum height on either side is now specified as

Y = 80 feet

The tower's horizontal distance from the midpoint is reported as

X = 600/2 =300 feet

Now, using the parabola equation, we obtain

Y = k [tex]X^2[/tex]

substitute the value in above equation we get,

80 = k [tex](300)^2[/tex]

k = [tex]8.889\times10^{-4}[/tex]

now that we

Y = [tex]8.889\times10^{-4}[/tex][tex]X^2[/tex]

We now need to get the height at 150 feet from the center.

Hence, we have

Y = [tex]8.889\times10^{-4}[/tex][tex]300^2[/tex]

Y = 80 feet

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The balance in the Work in Progress account at the end of September relative to job A3B is $10500.

During September month material amounting to $1500 and direct labor amounting to $3000 was introduced in the process and Overheads at the end of each month is 200% of direct labor.

Cost incurred = 200% of $3000

= $6000.

As specified by the question that the job is not finished at month end and additional material and labor amounting to $2000 and $4500 respectively is required in October month . So the whole cost incurred in September month that is $1500+$3000+$6000=$10500.

$10500 is transferred to Work in progress account . When Job gets finished that is in month of October the whole cost amounting to 10500+2000+4500+(4500*200%) =$ 26000 transferred to Finished Goods Account.

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An unrestrained, laissez-faire economy is sometimes referred to as a free enterprise economy.

A free market and capitalist economic philosophy known as laissez-faire opposes involvement from the government. The laissez-faire economics philosophy holds that the government should only get involved in the economy in order to protect the inalienable rights of its people. Let the market decide what it wants to do, in other words. If supply and demand laws are not restrained, they will effectively control how much products and services are produced. All sorts of economic interventionism in business dealings involving private groups of individuals are forbidden under this type of economic organisation.

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If the Johnsons decide to sign a 15-year contract with a local home loan rate of 2% annually added up monthly, they should look at homes with estimated values between $269101.07 and $323192.08.

To decide this cost range, they can utilize the equation "M = P[r[tex](1+r)^n[/tex]/([tex](1+r)^n[/tex]) - 1]" where M is the regularly scheduled installment, P is the head or the underlying sum acquired, r is the month-to-month financing cost and n is the number of installments over the existence of the credit.

With the Johnsons' $40,000 savings and a home loan pace of 2%, they can utilize this recipe to work out the base and most extreme regularly scheduled installments that they can bear. This will assist them with deciding the cost range.

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A market economy deal with private property in term of capitalism which often the individual or business to buy the property and control over it.

The market economy according to the economics, in the economic system the efficiency and economic freedom gives to the seller and buyer or individual have the right to what they want to sell and what they want to buy in the marketplace.

The way a market economy deal with private property in term of capitalism. The natural resources and other resources are basically owned by the individual and government. The property which is owned by the individual comes under the private property.

The market economy maintains the private property ownerships by the right to own and use.

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Answer:

In 1668, the Riksdag, Sweden's parliament, decided to found Riksens Ständers Bank (the Estates of the Realm Bank), which in 1867 received the name Sveriges Riksbank. The Riksbank is thus the world's oldest central bank.

Hope This Helps You if it Doesn't Sorry And Have a Nice Day. : )

Ivan acquired the 1963 Chevrolet Corvette, which he estimated to be worth $45,000, from his grandmother. Having decided that he might be willing to sell it, he decides to post it online.

The definition of the term "inherit"

obtaining property, money, or other items from a decedent: She will leave an equal inheritance to each of her children.

Hereditary traits are behavioral characteristics that are genetically transmitted. We frequently assume that genetics is what determines things like our height, eye color, and hair type and color. We almost ever give our genetic make-up a thought, though. That's only partly accurate. Parents pass on characteristics and traits to their children through their DNA, including blood type and eye color.

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Answer:

Entrepreneurship

( I guess)

The chart of accounts organizes your finances into five major account types called accounts

assetsliabilities equityrevenue expenses.

According to the traditional approach, accounts are classified into three types:

real accounts, nominal accounts, and personal accounts. Given that it is an old system for classifying accounts, it is used rarely in practice.

Different types of accounts in accounting are Real, Personal, and Nominal Accounts. The real account is then classified into two subcategories – Intangible real account, and Tangible real account. Also, three different sub-types of Personal accounts are Natural, Representative, and Artificial. In this article, we will see the 3 golden rules of accounting.

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Inelastic supply refers to go-ods where the level of supply will not signifi-cantly change as prices change. Usually, the-se are goods whe-re it is hard to add or sub-tract to the supply, or suppliers are ope-rating at nearly full capa-city.

One exam-ple of a good wi-th inelastic supply is hou-sing. Inelastic products are usu-ally necessities without accept-able substitutes. The most com-mon goods with inelastic dem-and are utilities, prescri-ption drugs, and toba-cco products. Businesses offer-ing such products maintain greater flexi-bility with prices beca-use demand remains cons-tant even if prices in-crease or decrease.

Exam-ples of go-ods with inelastic dem-and include gasoline, nece-ssary foods, and prescription drugs.

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Macroeconomics examines the entire economy of a state, a country, or even the world, so it examines total output, the price level, and other aggregate measures of the economy.

Macroeconomics is a field of study that looks at the big picture of an economy. It looks at the total output, the price level, and other aggregate measurements to get a better understanding of how the economy is performing.

Macroeconomics examines the entire economy of a state, a country, or even the world. It also looks at the different players in the economy and how they interact.

Macroeconomics is an important field of study for policymakers, businesses, and individuals alike as it can provide valuable insight into the current state of the economy and the potential outcomes of economic decisions.

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Investments address the timing of cash flows most desired by investors defines a role of investments. Option a.

Investments are an important part of any financial portfolio, as they provide the opportunity to capitalize on the timing of cash flows desired by investors.

Investing allows individuals to strategically manage their money in a way that provides them with the most benefit, whether that is through long-term value appreciation, increased yield on investments, or a combination of both.

It is important to understand the role of investments in any financial plan, in order to make the most of your money and ensure a secure financial future.

Although a part of your question is missing, you might be referring to this question:

Which of these correctly defines a role of investments?

a) Investments address the timing of cash flows most desired by investors.

b) Investments are concerned with which operations should be conducted overseas.

c) Investment is best defined in terms of future expected rewards.

d) None of the above

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Almost all economists agree that a large federal budget deficit has an adverse effect on the economy.

The federal budget deficit has long been a contentious issue in economic circles, with almost all economists agreeing that a large budget deficit can have a significant negative impact on the economy.

This deficit can be caused by government spending that exceeds tax revenues, resulting in the government borrowing money to make up the difference. This additional borrowing can have several negative effects, including an increase in the national debt, an increase in interest rates, and an increase in inflation.

Additionally, the government may have to reduce spending on programs that are beneficial to its citizens, such as education and healthcare, in order to make up for the deficit. All of these factors can have a damaging effect on the economy and should be avoided.

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Answer:

Has an adverse effect on the economy.

Explanation:

In surveys of professional economists, many propositions were endorsed by an overwhelming majority of respondents. Included in that list was "A large federal budget deficit has an adverse effect on the economy."

When an economy sets a minimum wage, they are aiming to ensure that workers are paid a fair and livable wage for the work they do.

This helps to reduce poverty, inequality, and the risk of exploitation in the workplace. Additionally, minimum wages can support a more vibrant consumer economy, as those with higher wages are more likely to have money available to spend.

Minimum wages can also help to ensure a more stable labor market, as employers are more likely to retain their employees when wages are at a livable rate.

Ultimately, the goal of setting a minimum wage is to ensure workers are treated fairly and compensated appropriately for their work.

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Answer:

ricing, Hospitality, Tourism, Competition

1)Explain the nature and scope of the pricing function. 2)Explain the concept of price in hospitality and tourism industry. 3)Explain considerations in meal pricing. 4)Explain the relationship between the economy and hospitality and tourism. 5)Explain the concept of competition.

The pricing function is the process of determining the price at which a product or service will be sold. The scope of this function includes considering factors such as production costs, competition, and target market in order to set a price that will be profitable for the company and attractive to customers.

In the hospitality and tourism industry, price refers to the cost of staying in a hotel, using a tour service, or eating at a restaurant. This cost can be influenced by factors such as location, amenities, and seasonality.

Considerations in meal pricing include the cost of ingredients, labor, and overhead costs, as well as market conditions and competition. Restaurants may also consider the perceived value of the meal, the target market, and the desired profit margin.

The economy plays a significant role in the hospitality and tourism industry. A strong economy can lead to increased travel and spending on leisure activities, while a weak economy can lead to a decrease in these areas. The industry may also be affected by changes in exchange rates, which can impact the cost of travel for international tourists.

Competition refers to the presence of other businesses offering similar products or services in the same market. In the hospitality and tourism industry, competition can come from other hotels, restaurants, and tour companies. Businesses must consider their competition when setting prices and developing their marketing strategies.

Explanation:

Most analysts consider the ideal working capital ratio to be between 1.5 and 2. 12 As with other performance metrics, it is important to compare a company's ratio to those of similar companies within its industry.

C. all of the above

i got it right on my econ assignment

Answer: C

explanation: some examples of economic regulation is regulation of derivative trading and antitrust laws

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The state or region's growth can be promoted entrepreneur by the government through economic development initiatives.

Numerous laws and regulations are created by governments to direct corporations. Taxes, trade, subsidies, regulations, interest rates, licencing, and other policies can all change as a result of changes in fiscal policy, which the government can implement. To adapt to shifting laws and regulations, businesses should be adaptable.

Governments can enact tariffs, which increase taxes to imported goods, or subsidies, which raise prices and make native goods more appealing by taxing the general public and transferring the money to an industry. Increased levies, fees, and regulations can cripple businesses or entire industries.

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The presence of existing competition is generally sought as a challenge faced by companies entering into the global markets.

The global markets are always sought as the toughest entrance for a new business or a new company. This is because the company has to operate in such markets with an intention of disrupting the market share through entry-level products, and establish a strong position. However, the locally existing competitors are the biggest threat for every new company while entering the global markets.

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The correct option in B.

This exemplifies the fundamental idea that humans must make trade-offs.

Every individual and organisation in the world is aware that resources are limited. Even the wealthiest individual or organisation has a limited supply of cash, time, and other resources. For instance, if we choose to work 12 hours a day, we would earn more money but have less time to engage in other enjoyable activities.

Mitch only has $100 and wants to purchase both items, but she can only do so. If she wants to buy the second product, she will need to get a job and make some money, or if she already has a job, she will need to find a job and earn some more.

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The scale of measurement for the tax form will be Ratio/Continuous, Ratio/Discrete, Ratio/Discrete, Nominal/Discrete.

What is a scale of measurement?

Variables are categorised and specified using scales of measurement. The four common scales of measurement—nominal, ordinal, interval, and ratio—were created by psychologist Stanley Stevens. Each scale of measurement has characteristics that dictate how the data should be analysed. Nominal, ordinal, interval, and ratio scales are the four types of scales that can be used to categorise data. Every level of measurement has certain significant characteristics that are vital to understand. For instance, the ratio scale is the only one with meaningful zeros. Nominal variable groups are shown in a pie chart (i.e. categories). Order is indicated by "ordinal." Quantitative information with naturally occurring orders is called ordinal data, and the distinction between them is not known.

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The return on equity is 38.96%

Return on equity = ( Net income / shareholders equity) * 100

Net income = ( Sales - costs - depreciation - interest)(1 - tax)

= (367,400 - 183,600 - 48,600 - 39,200)(1 - 0.25)

= $72,000

Current assets = Total assets - net fixed assets

= 422,100 - 264,500

= $157,600

Net working capital = Current assets - current liabilities

22,300 = 157,600 - Current liabilities

Current liabilities = $135,300

Total liabilities = Total long term debt + current liabilities

= $102,000 + $135,300

= $237,300

Shareholders equity = Total assets - total liabilities

= $422,100 - $237,300

= $184,800

Return on equity = ( $72,000 / $184,800) * 100

= 38.96 %

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