Final answer:
To find the group size that maximizes income for the owners of the ship, calculate the total revenue for a group of 40 people and use a linear equation to represent the relationship between the number of extra people and the revenue. Plotting the revenue as a function of the number of extra people will help identify the group size that maximizes income.
Explanation:
To find the size of the group that maximizes income for the owners of the ship, we need to determine the number of people in the group where the total revenue is highest.
Let's start by calculating the total revenue for a group of 40 people. Each person pays $70, so the total revenue is 40 * $70 = $2800.
For each person in excess of 40, the cost per person is reduced by $1. So for every additional person beyond 40, the revenue per person decreases by $1. We can represent this relationship with a linear equation: Revenue = (40 + Number of extra people) * (70 - Number of extra people).
To maximize the revenue, we need to find the number of extra people that results in the highest value for the revenue. We can do this by plotting the revenue as a function of the number of extra people and finding the maximum point on the graph.
By analyzing the graph, we can determine that the group size that maximizes income for the owners of the ship is 44 people, with a total revenue of $2904.
______ has the highest child poverty rate among industrialized countries.
Best birdies produces ornate birdcages. the company's average cost per unit is $18.00 when it produces 2,200 birdcages. if $5,500 of the costs are fixed, and the plant manager uses the average cost per unit to predict total costs, his forecast for 3,000 birdcages will be
Houston pumps recently reported $185,250 of sales, $140,500 of operating costs other than depreciation, and $9,250 of depreciation. the company had $35,250 of outstanding bonds that carry a 6.75% interest rate, and its federal-plus-state income tax rate was 35%. in order to sustain its operations and thus generate future sales and cash flows, the firm was required to spend $15,250 to buy new fixed assets and to invest $6,850 in net operating working capital. what was the firm's free cash flow?
a. $10,225
b. $10,736
c. $11,273
d. $11,837
e. $12,429
Answer:
The answer is a. $10,225
Explanation:
The solution involves two steps. The first step is the calculation of net operating profit after tax (NOPAT) while the second step is the calculation of free cash flow.
Step 1 - Calculation of NOPAT
Sales $185,250
Operating costs ($140,500)
Depreciation ($9,250)
Operating profit $35,500
Tax (35%) ($12,425)
NOPAT $23,075
Step 2 - Calculation of free cash flow
NOPAT $23,075
Depreciation $9,250
Changes in working capital ($6,850)
Capital expenditure ($15,250)
Free cash flow $10,225
City residents were recently surveyed about issues of importance in their neighborhoods. Most agreed that crime was a big concern, followed by litter. Many residents noted that they had witnessed or been the victim of a crime.Which prediction can most likely be made based on this scenario?
A.City residents will support mayoral candidates who propose replacing the police force with a citizens watch group.
B.City residents will support mayoral candidates who propose decreasing the size of the police force.
C.City residents will refuse to vote in the next mayoral election because they don't think their concerns will be addressed.
D.City residents will support mayoral candidates who propose increasing the size of the police force.
I believe the answer is: D. City residents will support mayoral candidates who propose increasing the size of the police force.
By increasing the size of police force, more people would be eligible to conduct a patrol in the neighbourhood. This would make people much less likely to conduct criminal activities and people in the neighbourhood would feel much safer to live in that area.
If the order of the items selected matters, then we have a _______.
A situation where the order of items selected matters is called a permutation. It is a concept from combinatorics in mathematics where the sequence of selection produces different arrangements.
Explanation:If the order of the items selectedmatters, then we have a permutation. In mathematics and statistics, particularly when dealing with combinatorics and probability, a permutation refers to an arrangement of objects where order is important. For instance, if we are selecting a president, vice-president, and treasurer from a group, the order in which we select these officers matters, as each position is distinct. This is an example of a permutation because different orders result in different outcomes.
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Gwyn owns a furniture store. she notices prices at other furniture stores have increased dramatically over the past two years. she decides she needs to expand her output because demand must be growing. however, in order to do so, she needs to find a loan. what problems could inflation cause for gwyn?
The problems that inflation cause for Gywn are the following;
- She may likely to spend money in updating the display of the prices that is on the store
- In providing a loan, the lenders may be wary as it is difficult to predict the future price levels
- She may likely misinterpret the rising prices that are associated with inflation in regards for a higher demand
Answer:
The correct answer is a combination of many problems that she could get involved with.
Explanation:
On one hand, if Gwyn acquires a loan in order to expand her output then she will be in the situation where the loan will increase its interest rate due to the cause of inflation, where the purchasing power per unit of money will decrease drastically, therefore that she will be paying a lot more that the original amount that she expected at the beginning of the process and this could get her business into trouble because of the debt.
On the other hand, the money that she acquired with the purpose of expanding her output will have less value because of the inflation and she will have trouble at the time of focusing that money to do what she planned before.
_____ is defined as a philosophy and collection of planned change interventions designed to improve an organization's long-term health and performance.
a. experiential approach to innovation
b. organizational development
c. incremental change
d. s-curve pattern of innovation
e. compression approach to innovation
Answer:
The correct answer is B. Organizational development is defined as a philosophy and collection of planned change interventions designed to improve an organization's long-term health and performance.
Explanation:
Organizational development is very broadly defined as an intervention strategy that uses group dynamic processes that focus on the organizational culture to bring about planned changes.
Organizational development examines and treats relationships, behavior, and attitudes toward the individual, the work group, other work groups, and the organization as a whole. As a result, organizational development means promoting human capital and not simply disinvesting jobs.
A large commercial horse farm provides jobs for over 100 employees, who care for over 300 horses of various breeds. the operation consists of traditional functional units, which include management, marketing, and finance, and 45 veterinarians that specialize in the various breeds of horses owned by the company. although the firm operates with a ceo, coo, cfo, and a director of marketing, it relies on the veterinarians to make decisions on the appropriate care and environment for the horses. sometimes the veterinary decisions override marketing and financial concerns even though they operate at a lower level in the organization structure. the commercial farm operates as a(n) _________ organization.dynamicinvertedalternatecash-strapped
The commercial horse farm operates as a dynamic organization where decision-making is not strictly limited to the top level of the organizational structure, but distributed based on expertise and knowledge.
Explanation:The commercial horse farm operates as a dynamic organization.
In a dynamic organization, decisions and authority are not strictly limited to the top level of the organizational structure. Instead, decision-making is distributed among different levels and departments based on their expertise and knowledge.
For example, in this case, the veterinarians make decisions on the appropriate care and environment for the horses, and sometimes their decisions override marketing and financial concerns, even though those departments operate at a lower level in the organization structure.
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Read the following scenario.
Jacob Smith is an African-American man in his fifties. He heads to a local restaurant for dinner and is told by the hostess that he is going to have to sit on “that side” of the establishment, as she gestures to a part of the restaurant where only other African-Americans are sitting. Mr. Smith feels offended and leaves the restaurant.
Based on passage of the Civil Rights Act, what is Mr. Smith’s best recourse?
A. filing a claim with the U.S. attorney general to investigate the restaurant.
B.contacting the Justice Department about a potential discrimination lawsuit.
C.asking the restaurant’s manager to stop segregating customers. demanding
D.the Census Bureau send him data about the restaurant’s typical customer base.
I believe the answer is: B.Contact the Justice Department about a potential discrimination lawsuit
According to civil rights act, business establishments are prohibited in providing different treatments based on race, color, religion, sex, or national origin. What the restaurant did to Jacob Smith is a blatant racial segregation that provided Jacob Smith with a legal ground to sue them.
The following scenario is an example of which type of feedback? Arnie: "That's a really good point. I hadn't thought of it like that."
delayed
message-focused
high-monitoring
person-focused
the _____, which appears at the beginning of a report, identifies the report and contains the report title, date, and other necessary information.
What was real per capita GDP in 1933 measured in 2008 prices? (Use the data in the table below and a price index of 100/1400 to compute your answer.)
Year Nominal GDP Population Nominal per capita GDP
1933 $ 56 billion 126 million $ 444
2008 14,369 billion 300 million 47,897
Instructions: Enter your response as a whole number. i need help,
Because of its convenience and easy access to ATMs, ___ is the most common form of payment today.
Upon graduation, both you and your roommate receive your first credit cards with identical features. you use your card extensively to make purchases, always paying your credit card balance in a timely manner so that you incur no interest cost. your roommate pays for everything in cash, reserving the credit card only for an emergency that never happened. after two years, you both look for a new credit card. explain why you are offered a new card at a much lower interest rate than your roommate, despite both of you working in similar jobs for the same income. this scenario illustrates the problem of . when you and your roommate apply for a credit card at graduation time, you likely had credit history, so the credit card company assumes, in the absence of information to the contrary, that you represent default risk. behavior provides the credit card company with new information that allows them to revise that assessment.
When you monitor and revise your plan, what kind of information should you try to find out from your customers?
Answer:
customers opinion and satisfaction about the product
Explanation:
In monitoring your plan, you seek to find out the behaviour of customers with respect to your product or services. This survey or questionnaire is usually a primary data in research.
in revising your plan, the following factors are responsible:
1. customer dissatisfaction about the product or services
2. customer's suggestion on how to improve on the product or services
___ involves working with stakeholders to create the document that formally authorizes a project.
True or false: the elasticity of demand for any good or service generally remains unchanged as you move up or down a demand curve
Keenan received a number of letters from his constituents complaining that traffic in their city is too congested. He discussed this with Esteban, who researched the traffic patterns the city. Esteban then talked to Guy about the budget for a new freeway through the city. What career pathways are each of these people involved in?
1.) Keenan and Guy are in Governance and Esteban is in Planning.
2.) Keenan and Guy are in Planning and Esteban is in Governance.
3.) Keenan is in Governance, Esteban is in Planning, and Guy is in Revenue.
4.) Keenan is in Planning, Esteban is in Revenue, and Guy is in Governance.
Answer:
3) Keenan is in Governance, Esteban is in Planning, and Guy is in Revenue.
Explanation:
A ________ is a grouping of individual indirect cost items. select one:
a. cost-allocation base
b. cost assignment
c. cost pool
d. job-costing system
Rad, a manufacturer of luxury watches, charges a higher price for its products than its competitors. despite the high prices, the brand is popular among customers for its quality and service in comparison to cheaper alternatives available in the market. in this case, rad offers a(n) ________ value proposition.
RAD offers a premium value proposition, reflecting higher quality and service that justifies higher prices. The brand's equity, sustained through advertising, signals superiority to customers, aligning with the perception that price indicates quality.
In the scenario provided, RAD, the luxury watch manufacturer, offers a premium value proposition. This is articulated by their ability to sustain higher price points due to their brand equity, which signals higher quality and better service to customers. Furthermore, RAD's premium pricing strategy aligns with consumers' perceptions that a higher price may indicate superior product quality, even in instances where buyers possess imperfect information. As price can act as a signal of quality, customers often associate RAD's higher prices with its luxury products, assuming that the expensive watches must be of higher quality compared to the cheaper alternatives in the market.
The process RAD undertakes in maintaining its brand equity, which includes investing in advertising to replenish it over time, supports its premium value proposition. This investment reflects the dynamic nature of brand equity and its relation to the high-quality market segment RAD targets. In summary, the premium value proposition is crucial in communicating and delivering the unique brand qualities and services that differentiate RAD from its competitors, thereby satisfying the specific wants and needs of its target customers.
_____________ is by far the most popular target for american franchisors seeking to establish franchises in other countries.
What is represented by a shift to the right in a demand curve?
Answer: The correct answer is a decrease in price.
Explanation: When the price of an item decreases the associated demand curve will shift to the right. In turn, when the price decreases the demand is going to increase for the product because of the price decrease.
The right shift in the demand curve will state the increase in income.
Further Explanation:
Demand curve:
The demand curve refers to the graphical representation of the relationship between the demand and price of a product. The change in the price and demand can be easily understood and presented with the help of the demand curve. It is assumed that other things will remain constant.
Right shift in the demand curve:
The rise in the income will increase the demand for the product, and the demand curve will shift to the right side. The right shift can also state that the demand for the product has increased. Generally, the increase in demand is the result of increased income. the increase in income will enable the individual to spend more and demand more products.
Therefore, the right shift in the demand curve will state the increase in income.
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Answer Details:
Grade: Senior School
Chapter: Demand and supply
Subject: Economics
Keywords: represented, shift, right, demand curve, increase, income, price, graphical representation.
A _____ is a document that outlines all the duties and responsibilities of a particular salon position.
"The correct term is "job description." A job description is a document that outlines all the duties and responsibilities of a particular salon position.
A job description is a formal document that provides a detailed list of the responsibilities, duties, required qualifications, and skills for a particular position within an organization. In the context of a salon, a job description for a specific role, such as a hairstylist, receptionist, or salon manager, would include the tasks and responsibilities associated with that position. This may encompass client service expectations, technical skills required, administrative duties, and any other relevant information that outlines what is expected of the employee in that role. It serves as a guide for both the employer and the employee to ensure that the expectations are clear and that the employee is suited for the position based on their qualifications and experience."
The amount paid for stock is the most a shareholder can lose in the corporate form of ownership.
a. True
b. False
This statement is true. The amount the shareholder has paid for the stock he owns is the amount of potential loss he can incur as a result of being an owner in a corporation. The creditor of the company cannot run to the personal properties of each shareholder. This condition makes the corporation differ from partnership.
Answer:
True
Explanation:
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As depicted in _________________________________, it is necessary to give up some of one good to gain more of the other good.
As depicted in the fundamental economic concept of opportunity cost, it is necessary to give up some of one good to gain more of another good.
Opportunity cost refers to the trade-off that individuals, businesses, or societies face when allocating limited resources among competing alternatives. When making choices, such as how to spend time, money, or resources, one must weigh the benefits of the chosen option against what is foregone. This concept is integral to decision-making across various aspects of life, from personal finance to business investments and government policies. For example, when a person decides to spend money on entertainment, the opportunity cost could be saving or investing that money for future financial security. Similarly, in international trade, countries must consider the opportunity cost of producing one product over another. Recognizing opportunity costs is essential for making informed and efficient decisions in a world of finite resources and unlimited wants.
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Identify the ethical principle that states that managers are responsible for the consequences when they create situations leading to both good and evil effects.
When does one country have an absolute advantage over another country?
A country has an absolute advantage when it uses fewer resources to produce a good, while it has a comparative advantage when it can produce a good at a lower opportunity cost.
Explanation:A country has an absolute advantage over another country in producing a good if it uses fewer resources to produce that good. This can be due to a country's natural endowment or high levels of productivity in all goods. For example, a country that can extract oil more efficiently than another country has an absolute advantage in oil production.
However, even if a country has an absolute advantage in all goods, it can still benefit from trade through comparative advantage. Comparative advantage is when a country can produce a good at a lower opportunity cost compared to other countries. By specializing in producing a good with the least opportunity cost, a country can produce more and trade with other countries, ultimately increasing global production and consumption.
In summary, a country has an absolute advantage when it uses fewer resources to produce a good, while it has a comparative advantage when it can produce a good at a lower opportunity cost. Both absolute and comparative advantage play a role in trade and the overall efficiency of global production.
Shelley newcome is the new ceo for a publicly traded financial services company, asset management co. (amc). newcome is new to the corporate governance requirements of a publicly traded company, as she previously worked for a family office that invested in private equity. at her first board meeting, the company's first in six months, she asks a director what the objectives of corporate governance should be. the director tells her that the most important objective he can think of is to eliminate or mitigate conflicts of interest among stakeholders. one of newcome's first steps as ceo is to fly to new york city in order to address a group of wall street analysts. newcome is happy to discover that amc provides her, and other senior management, with a company jet to attend such meetings. at the opening of the meeting, newcome is surprised to hear that most of the analysts are extremely interested in learning about amc's corporate governance system. one analyst indicates that he has studied several of amc's competitors and found that they share a set of
Sheldon has a home valued at $108,000 with an outstanding mortgage of $70,000. if his lender is willing to provide a home equity loan of up to 80% of the market value of his home, how much can sheldon borrow using a home equity loan?
a. $86,400
b. $16,400
c. $38,000
d. $30,400
e. $80,000
oil found in texas is an example of
A. Human capital
B. A capital resource
C. A labor resource
D. An entrepreneur
"The correct answer is B. A capital resource.
Oil found in Texas is considered a capital resource because it is a natural resource that has been invested in to extract and refine for use in production. Capital resources are factors of production that are used to produce goods and services, which are not used up immediately in the process.
Here's the reasoning behind the other options:
A. Human capital - This refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. Oil is not a form of human capital.
C. A labor resource - Labor resources are the workers who provide the labor for the production of goods and services. Oil is not a labor resource as it is not a worker.
D. An entrepreneur - An entrepreneur is an individual who starts and runs a business, assuming all the risks and rewards of the venture. Oil is not an entrepreneur; it is a passive resource.
Therefore, the most accurate description of oil found in Texas is as a capital resource."