Answer:
The correct answer is Medium of Exchange.
Explanation:
There are three Functions of Money. One of the function is Medium of Exchange. Second one is the Store of Value and the Third one is Unit of account.
In this example, the function of the money is represented as the Medium of Exchange. One neighbor mow others neighbor's yard and in exchange of this service, the other neighbor paid $25 to that neighbor who did the service of mowing for him.
Planet company sells a product for $16 per unit, variable cost is $12 per unit, and the total fixed cost is $6,000. What is the break-even point in units?
Final answer:
The break-even point is 1,500 units.
Explanation:
To calculate the break-even point, we need to find the point where the total cost equals the total revenue. Total cost is the sum of fixed cost and variable cost per unit multiplied by the number of units, while total revenue is the selling price per unit multiplied by the number of units.
In this case, the fixed cost is $6,000, the selling price per unit is $16, and the variable cost per unit is $12. Let x represent the number of units sold. We can set up the equation:
Total cost = Total revenue
$6,000 + $12x = $16x
Solving for x, we get:
$6,000 = $4x
x = $6,000/$4 = 1,500
Therefore, the break-even point is 1,500 units.
To calculate the break-even point for Planet company, the total fixed costs ($6,000) are divided by the contribution margin per unit, calculated as the selling price per unit ($16) minus the variable cost per unit ($12), resulting in a break-even point of 1,500 units.
Explanation:The student's question pertains to calculating the break-even point for a product that Planet company sells. To find the break-even point in units, you must divide the total fixed costs by the contribution margin per unit, which is the selling price per unit minus the variable cost per unit. In this case, the break-even point in units for the Planet company, which sells the product for $16 per unit, incurs a variable cost of $12 per unit, and has total fixed costs of $6,000, would be calculated as follows:
Total Fixed Costs = $6,000
Selling Price per Unit (SP) = $16
Variable Cost per Unit (VC) = $12
Contribution Margin per Unit (CM) = SP - VC = $16 - $12 = $4
Break-even Point in Units (BEU) = Total Fixed Costs / CM = $6,000 / $4 = 1,500 units
Therefore, Planet company would have to sell 1,500 units of its product to reach the break-even point.
Which choice best describes labor laws passed during the New Deal?
A. Union friendly
B. Neutral towards unions
C. No labor laws were passed during that time period
D. Anti-union
what is the term for fees that must be paid to the lender before a check for purchase can be released?
a. home fees
b. nonrecurring fees
c. closing costs
d. recurring fees
Answer: CLOSING COST
Explanation: APEX
Below is a chart representing portions of résumés from three applicants.
Excerpts from Résumés of Three Job Applicants
Job Expertise
Applicant 1
Developed effective techniques for keeping order in the classroom
Applicant 2
Effectively designed a program for new employees
Applicant 3
Took many courses in child psychology and human development
Which best explains the applicants’ careers?
Applicant 1 would be best in Administration.
Applicant 2 would be best in Teaching.
Applicant 3 would be best in either Teaching or Professional Services.
Applicant 2 would be best in Administration or Professional Services.
Answer:
c
Explanation:
________ is crucial for high-priced, consumer products such as homes and cars.
Why are many companies so concerned about brand management? companies use brand management
a. to eliminate excess capacity and earn economic profits in the short run.
b. to collude with other firms and earn economic profits in the long run.
c. to maintain product differentiation and earn economic profits in the short run.
d. to produce a product identical to that of competitors and create network externalities in the short run.
e. to achieve productive efficiency and maximize economic surplus in the short run?
Voltage industries, a calendar-year company, purchases equipment for $85,000 on january 2nd, 2017. the equipment's expected useful life is five years, and the expected salvage value of the equipment is $5,000. what is the book value of the equipment on december 31st, 2018, if voltage uses the double-declining-balance method?
a.$34,000
b.$51,000
c.$54,400
d.$30,600
By using the double-declining-balance method of depreciation, the book value of the equipment on December 31, 2018, is calculated to be $30,600.
Explanation:The double-declining-balance method is a form of accelerated depreciation method where an asset loses its value faster in the early years of its lifespan. The formula involves doubling the straight-line depreciation rate. In this case, the book value of the equipment is calculated as follows:
Determine depreciation expense for the first year by taking the cost of the equipment, $85,000, and multiply it by the double of the straight-line rate (1 / 5 years = 20%, so 20% x 2 = 40%).Subtract this depreciation expense from the cost of the equipment, which gives the book value at the end of the first year: $85,000 - ($85,000 x 40%) = $51,000.For the second year (2018), repeat the process, but use the book value at the end of the first year as the new basis: $51,000 - ($51,000 x 40%) = $30,600.So the book value on December 31, 2018, is $30,600.
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Environmental groups or fair labor practice groups that challenge firms to maintain high standards are examples of:
a. primary stakeholder groups
b. secondary stakeholder groups
c. shareholders
d. csrs
Type i rooms do not have high-speed wireless internet access and are not available for the business rental class. round tree's management makes a forecast of the demand by rental class for each night in the future. a linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. the demand forecast for a particular night is 120 rentals in the super saver class, 65 in the deluxe class, and 50 in the business class. round tree has 100 type i rooms and 110 type ii rooms.
Final answer:
Round Tree's management uses a linear programming model to determine how many reservations to accept for each rental class in order to maximize profit.
Explanation:
The linear programming model developed by Round Tree's management is used to determine how many reservations to accept for each rental class in order to maximize profit. However, Type I rooms do not have high-speed wireless internet access and are not available for the business rental class. Therefore, the demand forecast for the Type I rooms is not considered in the model.
The demand forecast for a particular night is 120 rentals in the Super Saver class, 65 rentals in the Deluxe class, and 50 rentals in the Business class. Round Tree has 100 Type I rooms and 110 Type II rooms.
To determine how many reservations to accept for each rental class, Round Tree's management would need to consider the availability of Type II rooms and the demand forecast for each rental class. They would then allocate the available rooms based on the demand to maximize profit.
Disability income insurance will provide income to a disabled or ill person ___________.
Other than raw materials and manufacturing overhead, what is the third component of inventories for manufacturing companies?
a. direct labor
What strategies can i use with keywords to help narrow down the search results?
Final answer:
To efficiently narrow down search results, use Boolean operators, limit results with advanced search options, and develop effective keywords, revising your strategy if needed.
Explanation:
To narrow down search results using keywords, u user can consider the following strategies:
Use Boolean operators such as AND, OR, and NOT to combine keywords, exclude words, or include synonyms for more precise results.Utilize advanced search options to limit your results to certain domains or to find content with specific usage rights.Develop effective keywords by breaking down your topic into main concepts and considering synonyms or related terms for flexibility.Part of effective searching is revising your strategy if needed. If initial results are not satisfactory, add more specific words or change the keywords to better match what you're looking for.
A good leader will have followers who_____.
In 2003 the presidents of the african countries of mali and burkina faso requested that rich countries apply free trade rules to those products where poor countries have a proven competitive advantage. argued that free trade was not a policy that developing nations would find it wise to follow. said that at their current stage of development that most of the principles of market economies were not practical. none of the above is correct.
What happens to the surplus payroll taxes generated by social security? the surplus money is deposited into individual workers' personal savings accounts. the surplus money is used to buy u.s. treasury notes. the surplus money is deposited into supplemental retirement accounts for current beneficiaries. the surplus money is deposited into the general fund. none of the above?
______ is the total accumulation of past budget deficits less surpluses.
The subject of this question is Social Studies, specifically federal deficits and the national debt. A budget deficit occurs when the government's spending exceeds its revenue, and the national debt is the total accumulation of past budget deficits minus surpluses.
Explanation:The subject you are asking about is Social Studies. Specifically, this question pertains to the study of federal deficits and the national debt.
A budget deficit occurs when the government spends more money than it collects in revenue during a fiscal year. The total accumulation of past budget deficits, subtracted from surpluses, is known as the national debt. This is the sum of all the budget deficits and surpluses over time.
In the United States, the national debt has increased significantly during times of war and recession, such as World War II and the 2008-2009 recession.
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An increase in the minimum wage would question 2 options: 1) increase both the quantity demanded and the quantity supplied of labor 2) decrease the quantity of labor demanded while increasing the quantity supplied 3) decrease both the quantity demanded and the quantity supplied of labor 4) increase the quantity of labor demanded while decreasing the quantity supplied save
Outlining reasons why the customer's concern is not right is it effective
The ________ is an inventory technique that takes into account various operating and financial costs to determine the order quantity for a specific inventory item.
What is the origin of the term “to post” advertisements?
Internet-based commerce is called _____ and includes two main sectors: b2c (business-to-consumer) and b2b (business-to-business).
Yoonie is a personnel manager in a large corporation. each month she must review 16 of the employees. from past experience, she has found that the reviews take her approximately four hours each to do with a population standard deviation of 1.2 hours. let χ be the random variable representing the time it takes her to complete one review. assume χ is normally distributed. let 9 o be the random variable representing the mean time to complete the 16 reviews. assume that the 16 reviews represent a random set of reviews. 1. what is the mean, standard deviation, and sample size? 2. complete the distributions.
a. x ~ _____(_____,_____)
b. 9 o ~ _____(_____,_____)
Answer:
Sample size is 16
Mean 4
Standard deviation of the sample is 0.3.
Explanation
The Central Limit Theorem estabilishes that, for a random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], a large sample size can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]\frac{\sigma}{\sqrt{n}}[/tex].
In this problem, we have that:
The population has a mean of four hours, with a standard deviation of 1.2 hours. The sample is the 16 of the employees.
So
The sample size is 16, so [tex]n = 16[/tex]
The mean of the sample is the same as the population mean, so [tex]\mu = 4[/tex].
The standard deviation of the sample is [tex]s = \frac{\sigma}{\sqrt{n}} = \frac{1.2}{4} = 0.3[/tex]
What is the origin of the term “to post” advertisements?
Colonial merchants once nailed advertisements on posts in front of their stores.
Advertisements were originally sent through the post office.
Post and Company of Massachusetts was the first advertising agency.
None of the above
what is the main difference between the roles of state and federal judges and other elected officials
The main difference is that A state judge only handle cases that happen within one state while the federal judges could handle all cases that happen from all over the states.
Another difference is that the federal judges could review a certain law and consider it as 'unconstitutional'. This make the law cannot be passed. The state judge does not possess this power.
what are the four pillars of democracy
The four pillars of democracy are crucial components of democratic governance and ensure the functioning of a democratic society.
The four pillars of democracy are:
A system for choosing and replacing the government through free and fair elections;Active participation of the people, as citizens, in politics and civic life;The protection of human rights of all citizensA rule of law in which ,,the laws and procedures apply equally to all citizens.These pillars are essential components that uphold democratic governance and ensure the functioning of a democratic society.
The reviews editor for a certain scientific journal decides whether the review for any particular book should be short (1–2 pages), medium (3–4 pages), or long (5–6 pages). data on recent reviews indicates that 60% of them are short, 20% are medium, and the other 20% are long. reviews are submitted in either word or latex. for short reviews, 60% are in word, whereas 50% of medium reviews are in word and 20% of long reviews are in word. suppose a recent review is randomly selected.
The question involves using probability to analyze the distribution of scientific journal reviews by length and format, demonstrating how to calculate combined probabilities for specific characteristics (e.g., a short review submitted in Word).
Explanation:The question at hand involves the application of probability and statistics to understand the distribution and characteristics of scientific journal reviews based on their length and submission format (Word or LaTeX). Given are percentages describing the distribution of reviews by length and the proportion of these that are submitted in Word format. Specifically, 60% of reviews are short, 20% are medium, and 20% are long. For submission formats, 60% of short reviews, 50% of medium reviews, and 20% of long reviews are submitted in Word.
To calculate the probability that a randomly selected review is both short and submitted in Word, one would multiply the probability of a review being short (0.6) by the probability of a short review being submitted in Word (0.6), resulting in a 36% probability (0.6 * 0.6 = 0.36).
The question allows us to practice combining probabilities from different categories and subcategories, demonstrating the importance of understanding detailed characteristic distributions when analyzing data.
Suppose 1 in 200 pilots flying space-x aircraft dies each year while only 1 in 500 pilots flying subspace gliders dies each year. moreover, the average salary of space-x pilots is $115,000, while the average salary of subspace glider pilots is $109,000. given this information, what is the implied statistical value of a life of a pilot?
a. $120,000
b. $1,200,000
c. $2,000,000
d. $6,000
e. $480,000
The implied statistical value of a pilot's life given the data provided is $7,500,000, which is not included in the options provided in the question.
Explanation:The salary difference is $115,000 - $109,000 = $6,000. Space-X pilots have a death rate of 1 in 200, while Subspace glider pilots have a death rate of 1 in 500, the difference in risk is 1/500 - 1/200 = 1/1,250. Thus, the implied statistical value of a pilot's life is $6,000 * 1,250 = $7,500,000. None of the options a, b, c, d, and e is correct.The question asks about the implied statistical value of a life of a pilot, given certain death rates for different types of pilots and their respective average salaries. This type of calculation is often used in economics and insurance industries to establish how much value is ascribed to a single human life, based on various statistical and financial factors.To find the implied statistical value, we need to understand how many more dollars a Space-X pilot is paid compared to a Subspace glider pilot, divided by the additional risk they bear. The salary difference is $115,000 - $109,000 = $6,000. Space-X pilots have a death rate of 1 in 200, while Subspace glider pilots have a death rate of 1 in 500, the difference in risk is 1/500 - 1/200 = 1/1,250. Thus, the implied statistical value of a pilot's life is $6,000 * 1,250 = $7,500,000. None of the options a, b, c, d, and e is correct.
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Lucky lou has just won the lottery and will receive an annual payment of $100,000 every year for the next 20 years. if the annual interest rate is 8%, what is the present value of the winnings?
The present value of the annual winnings is approximately $1,857,347.16.
Explanation:The present value of an annual payment can be calculated using the formula:
Present Value = Payment / (1 + Interest Rate)n
In this case, the payment is $100,000, the interest rate is 8%, and the number of years is 20. Plugging these values into the formula, we get:
Present Value = $100,000 / (1 + 0.08)20
Using a calculator, the present value is approximately $1,857,347.16
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Hillary wants to purchase a refrigerator on credit. if she uses an installment plan, what is most likely to occur? a discounted price on her purchase will not be offered. taxes will not be charged. a down payment will be required. by law, finance charges on her account cannot exceed 20 percent of the purchase price.
A group of French tourists were touring the Smithsonian museums in Washington, DC. Which workers in the Smithsonian would the French tourists most likely need?
A) an interpreter and a tour guide
B) a chef and a travel agent
C) a hotel manager and a ticket taker
D) an event planner and an airport worker
yes, the answer is A. on E d g e n u i t y! just verifying