A gasoline station very near a professional football stadium parks car to make money on game days. Last year it charged $4.00 per car and parked 1,000 cars. This year it raised the parking price to$ 6.00 and parked 800 cars. Calculate the total revenue. Did the station owner make a good economic decision in raising the parking prices from one year to the next? Explain

Answers

Answer 1

Answer:

Total revenue last year = $4 × 1000 = $4000

Total revenue this year = $6 × 800 = $4,800

Yes. It's a good economic decision because demand is inelastic. When demand is inelastic a rise in price would lead to an increase in profits.

Explanation:

Total revenue = price x quantity sold

Total revenue last year = $4 × 1000 = $4000

Total revenue this year = $6 × 800 = $4,800

To determine if raising the parking prices from one year to the next was a good decision, we have to determine the elasticity of demand.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price.

Percentage change in price = (6/4) - 1 = 0.5 = 50%

Elasticity of demand = 20% / 50% = 0.4

Demand is inelastic because the absolute value of elasticity is less than 1. If demand Is inelastic and prices are increased, total revenue rises because the fall in total demand would be less than the rise in price.

I hope my answer helps you

Answer 2

Answer:

The total revenue recieved this year from parking cars would be of $4,800

The station owner made a good decission in raising the ticket prices

Explanation:

In order to calculate the total revenue recieved this year from parking cars we would have to make the following calculation:

Revenue recieved this year from parking cars = $6*800

Revenue recieved this year from parking cars =$4,800

The total revenue recieved this year from parking cars would be of $4,800

Revenue recieved last year from parking cars = $4*1,000 = $4000  

Since the revenue increased by $800 between the two years, the station owner made a good decission in raising the ticket prices.


Related Questions

Which of the following is an example of government expenditures on goods and services

Answers

an example of government expenditure on goods and services is D. The purchase of office supplies for the office of the junior senator from New York.

what is government expenditure?

this refers to any amount that the government spends in the economy including those that are spent to maintain government activities.

the government spending money on a senator would therefore fall under government spending to maintain itself.

options for this question include:

A. The amount spent on hotel accommodation when tourists visit Washington D.C.

B. The payment of unemployment benefits

C. The salaries paid to Washington correspondents from major networks and newspapers

D. The purchase of office supplies for the office of the junior senator from New York

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Question 1: Refer to lecture PowerPoint slides on organizational culture and discuss how Noor bank transformed on seven dimensions?
Seven dimensions are

Detail-oriented
Innovative
Aggressive
Outcome-oriented
Stable
People-oriented
Team-oriented

Answers

Noor Bank, a UAE-based Islamic bank, underwent a significant transformation across seven dimensions to enhance its competitiveness in the market.

The first dimension was customer-centricity, where the bank focused on delivering personalized experiences to customers through digital channels. The second was innovation, where the bank introduced new products and services such as mobile banking and digital payments to cater to the evolving needs of customers.

The third was operational efficiency, where the bank streamlined its processes to reduce costs and improve productivity.

The fourth dimension was risk management, where the bank implemented a robust risk management framework to mitigate potential risks. The fifth was talent management, where the bank invested in employee training and development to build a high-performing workforce.

The sixth was sustainability, where the bank demonstrated its commitment to social and environmental responsibility through various initiatives.

Finally, the seventh dimension was collaboration, where the bank formed partnerships with other institutions to expand its reach and offerings. Through these transformations, Noor Bank has become a leading player in the UAE's banking industry and continues to innovate and grow.

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Complete question is:

Discuss how Noor bank transformed on seven dimensions?

Checking account 20 points
Directions: while online banking balances your bank account automatically, it is a good practice to learn the old school methods. Fill out the check register below with the information provided. The dates are not in order,so you must rearrange them in according.

Checking account 20 pointsDirections: while online banking balances your bank account automatically,

Answers

The final banking balances of the bank account is $1,541.85

Please refer to the attached tabel for the complete table.

On bank balance, the debit account will represent every cash outflow activity and credit account represent cash inflows.

From the data given, we know that:

Initial balance = $512.11

#579  April 2  Car insurance = $356.77 (Dr)

April 4  Cash withdraw  = $60 (Dr)

April 5  Paycheck direct deposit = $1,344.11 (Cr)

April 6  ATM fee = $1.50 (fee)

April 11 Cash deposit = $700 (Cr)

April 12 ATM fee = $1.00 (fee)

#580  April 12  Gas bill = $44.67 (Dr)

#578  April 13  Electric bill = $56.98 (Dr)

April 19  Auto debit for electric bill = $64.31 (Dr)

April 19  Autor debit for water bill  $28.66 (Dr)

April 22  Service fee = $1.50 (fee)

#577  April 22  Car payment = $184.79 (Dr)

April 22  Pizza shop POS = $23.79 (Dr)

#576  April 25 Made to BMW = $178.99 (Dr)

April 25 Food mart POS = $11.40 (Dr)

Ending balance = $1,541.86

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Checking account 20 pointsDirections: while online banking balances your bank account automatically,

An auditor who wishes to work in public accounting would strongly consider
getting which
certification/license?
O A. CMA
OB. CFE
OC. CIA
OD. CPA

Answers

the answer is OD.CPA

How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?

Answers

It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.

CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.

As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.

It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.

This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.

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ABC company has just purchased a life truck that has a useful life of 5 years. The engineer estimates that maintenance costs for the truck during the first year will be $1,000. As the truck ages, maintenance costs are expected to increase at a rate of $300 per year over the remaining life. Assume that the maintenance costs occur at the end of each year. The firm wants to set up a maintenance account that earns 12% interest per year. All future maintenance expenses will be paid out of this account. How much does the firm have to deposit in the account now

Answers

Answer:

Total amount to be invested today =$1,706.432

Explanation:

The first maintenance cost would occur a year from now, then the Present value will be equal to :

PV = 1,000 × 1.12^(-1)

PV = 892.857

The rest of the maintenance cost represents an annuity .

We will determine the PV of the annuity of $300 discounted at 12% per annum starting in year 2

PV = A × 1- (1+r)^(-n)

A- 300, r= 12%, n= 4

PV in year 1 = 300 × 1 - (1.12)^(-4)= 911.204804

PV in year 0= F × (1+r)^(-n)

= 911.204804 × 1.12^(-1)= 813.57

Total amount to be invested today = 813.57  + 892.85=1706.43

Total amount to be invested today =$1,706.432

Which question can best help a consumer assess risk when purchasing insurance? How much must be paid to make a claim? What problems are most likely to happen? What are the possible payouts on a claim? How much are the monthly premiums?

Answers

Answer: the answer is : What problems are most likely to happen?

Explanation:

Answer:

b

Explanation:

if your purchases of yoga pants increase from 9 pairs per year to 11 pairs per year when your income increases from $39,000 to $44,000 a year, for you, yoga pants are a(n) ____ good. group of answer choices a. normal b. inferior c. complementary d. substitute

Answers

if your purchases of yoga pants increase from 9 pairs per year to 11 pairs per year when your income increases from $39,000 to $44,000 a year, for you, yoga pants are a(n) normal  good.

What is a normal good?

As the consumer's income increased from $39,000 to $44,000 per year, their purchases of yoga pants also increased from 9 pairs per year to 11 pairs per year. This indicates that yoga pants are a normal good for this consumer, meaning that they have a positive income elasticity of demand.

In other words, as the consumer's income increases, their demand for yoga pants also increases, which may be due to the fact that they now have more disposable income to spend on non-essential items such as yoga pants.

Therefore the correct option is A.

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Which of the following statements is false?
a. it is possible to compare one firm's accounting data with another firm's accounting data as long as both firms used generally accepted accounting procedures
b. many managers compare the financial results from one accounting period with the results from previous accounting periods
c. most corporations include in their annual reports comparisons of important elements of their financial statements for recent years
d. the format and information contained in one firm's financial statements are most likely to differ drastically from the format and information contained in another firm's financial statements
e. many firms compare their financial results with industry averages

Answers

Answer: D

Explanation:

Not necessarily. As long as the company follows GAAP (IFRS or ASPE), the format and information should be the same. This is because the accounting standards requires firm to report financial information in a specific way.

Which of the following is true of a good benefits plan?
a. It is generally inexpensive to buy and administer.
b. It will stimulate higher performance levels.
c. It will encourage people to join an organization.
d. It will include redundancies in coverage.
e. It allows for smaller pay increases.

Answers

Answer:

C

Explanation:

The following is true of a good benefits plan it will encourage people to join an organization. The correct option is c.

What are the benefits of motivated employees?

There are several benefits to having a motivated workforce, including lower absenteeism rates, employee retention rates, low staff turnover rates, improved management-worker relationships, higher worker performance, improved quality, and enhanced customer service.

A good benefits plan is an essential part of an organization's compensation strategy. It can be used to attract and retain talented employees and can be a competitive advantage in the job market. A well-designed benefits plan can also help to improve employee morale, motivation, and job satisfaction. While it may require a significant investment, a good benefits plan can provide a good return on investment for the organization.

Thus, the ideal selection is option c.

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What activity is part of personal financial planning?
A: setting multiple budgets
B: planning for a retirement
C: Investing in social security trust funds
D: investing in disaster relief funds.

Answers

Answer:

The answer would be A: Setting multiple budgets

Explanation:

Sampson's company recently was listed on the prestigious "World's Most Ethical Companies" list thanks to scoring very high in one of the top five criteria that Ethisphere ranks businesses by, the "Culture of Ethics." Based on this description, what does Sampson's company MOST likely excel at?
(1 point)
Making business deals with other businesses
Doing things within the company that have been developed through shared values and beliefs
Promoting unqualified employees to middle management roles
Giving back to the community through donations

Sampson's company recently was listed on the prestigious "World's Most Ethical Companies" list thanks

Answers

Sampson's company most likely excel at doing things within the company that have been developed through shared values and beliefs.

Business ethics refers to the implementation of appropriate business policies and practice's in relation to potentially contentious issues. A discussion of ethics may include topics such as corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.

Ethical businesses strive to minimize their negative impact on society or the environment. They may also attempt to have a positive impact on a specific cause - a business model known as a social enterprise.

According to Forbes, employees care about the ethics of the companies for which they work. If their company harmed the environment, 65% of employees would seriously consider leaving, and 83% would consider leaving if their employer used child labor in sweatshops. Working ethically can also provide a competitive advantage. According to a recent study, 87% of consumers would buy a product if the company advocated for an issue they cared about, while more than 75% would refuse to buy a product if the company supported an issue that contradicted their beliefs.

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How do these three rules apply to your life? Explain them in your words and try to think about how they relate to your financial situation. (Hint: Think about how you earn money and how you spend money, also imagine that you have been offered a credit card with a starting line of credit at $1000)

Rule 1 - Don't have debt rise faster than income, because the debt burden will eventually crush you

Rule 2 - Don't have income rise faster than productivity, because you will eventually become uncompetitive

Rule 3 - Do all that you can to raise your productivity, because in the long run that's what matters most

Answers

The three rules below will help individuals achieve financial stability and security, which is critical for living a happy and stress-free life. They can learn new skills, enroll in courses, read books, and so on to increase their productivity levels.

Rule 1: Don't have debt rise faster than income, because the debt burden will eventually crush you.To avoid falling into a debt trap, one should prioritize their spending. It's always a good idea to live within one's means and avoid spending more than they earn.Rule 2: Don't have income rise faster than productivity, because you will eventually become uncompetitive.It's a good idea to focus on increasing productivity to achieve long-term financial stability. One must avoid situations where they are not productive but are earning more money, as this can make them uncompetitive in the long run.Rule 3: Do all that you can to raise your productivity, because in the long run that's what matters most.Productivity is the most critical factor in achieving financial stability. Increasing productivity can lead to higher earnings, which can help you reach your financial goals faster.

Individuals must always make efforts to improve their productivity.  It's always a good idea to live within one's means, avoid unnecessary debt, increase productivity, and invest in oneself. In conclusion, the above three rules can be beneficial to anyone looking to achieve financial stability.

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First National Bank Assets Liabilities and Net Worth US Treasury Bonds $450,000 Net Worth $500,000 Reserves (Cash) $175,000 Checkable Deposits $250,000 Loans $125,000 Second National Bank Assets Liabilities and Net Worth US Treasury Bonds $100,000 Net Worth $250,000 Reserves (Cash) $250,000 Checkable Deposits $100,000 Third National Bank Assets Liabilities and Net Worth US Treasury Bonds $900,000 Net Worth $1,000,000 Reserves (Cash) $350,000 Checkable Deposits $500,000 Loans $250,000


The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers), then $_____________ is the resulting change to the loan creating potential of the whole system (these three banks) as a result of Second National Bank customers depositing an additional $400,000 in their Checkable Deposit accounts in new loans.

Answers

As a result, the system's overall capacity to create loans increases by $750,000.

what are the assets and liabilities of the First National Bank?

For all banks, a 25% reserve ratio is necessary. This means that banks can lend out the remaining 75% of their checkable deposits after holding 25% of them as reserves.

Before Second National Bank's clients added another $400,000 to their checkable deposit accounts, the sum of the three banks' checkable deposits was as follows:

$250k First National Bank

$100,000 Second National Bank

$50000 Third National Bank

There were $850,000 worth of checkable deposits in the system.

Each bank needs to have the following reserves:

First National Bank: 25% times $250 000 is $62,500

Second National Bank: 25% times $100,000 equals $25,000.

Third National Bank: $125,000 x 25% of $500,000

$212,500 in total reserves are needed for the system.

The banks had $637,500 ($850,000 - $212,500) available for loans prior to the additional deposit. The system's total checkable deposits rose to $1,250,000 ($850,000 + $400,000) after customers of Second National Bank added an extra $400,000 to their accounts.

The updated necessary reserves for any bank are:

First National Bank: 25% times $250 000 is $62,500

Second National Bank: $125,000 x 25% of $500,000

Third National Bank: $187,500 ($25% x $750,000)

The system now has to have reserves of $375,000 ($62,500 + $125,000 + $187,500).

As a result, Second National Bank clients depositing an additional $400,000 in new loans in their checkable deposit accounts has the following impact on the system as a whole (these three banks):

$750,000 is equal to $1,250,000 (new checkable deposits) minus $375,000 (new needed reserves) and $125,000 (current Second National Bank reserves).

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Question 2 of 17:
Select the best answer for the question
2. Which of the following key performance indicators can be used to measure whether all employees in the company are reaching their sales goals?
A. Number of sales per employee
O B. Overall company growth
O C. Number of sales per day
D. Profit made per sale

Answers

The major performance indicator used to gauge whether all employees in the organization are meeting their sales targets is the number of transactions per day.

Meaning of the word "employee"?

Employees are those who receive compensation for doing work for another individual or company. Employers need merely pay their employees for the work they do; full-time employment is not necessary for eligibility.

What's the primary objective of an employee?

Employee meaning is really the sense of value that employees derive from their work and the degree to which their ideals are shared by a company. It ultimately boils to giving staff the tools and support they need to infuse value into their workdays and professional settings.

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The components of marginal revenue Andrew's Fire Engines is the sole seller of fire engines in the fictional country of Pyrotania. Initially, Andrew produced eight fire engines, but he has decided to increase production to nine fire engines. The following graph shows the demand curve Andrew faces. As you can see, to sell the additional engine, Andrew must lower his price from $80,000 to $60,000 per fire engine. Note that although Andrew gains revenue from the additional engine he sells, he also loses revenue from the initial eight engines because he sells them all at the lower price. Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial eight engines by selling at $60,000 rather than $80,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $60,000. (2 100 90 Demand Revenue Lost 80 70 60 ΔΔ Revenue Gained PRICE (Thousands of dollars per fire engine) 50 40 30 20 10 0 + 0 1 2 4 8 9 10 3 5 6 7 QUANTITY (Fire engines) Andrew increase production from 8 to 9 fire engines, because revenue gained is than revenue lost in this scenario. True or False: If Andrew's Fire Engines were a competitive firm instead and $80,000 were the market price for an engine, increasing its production would not affect the price at which it can sell engines. True False

Answers

True. If Andrew's Fire Engines were a competitive firm and $80,000 were the market price for an engine, increasing its production would not affect the price at which it can sell engines.

This is because in a perfectly competitive market, the individual firm has no market power and must accept the market price as given. Therefore, if Andrew were to increase his production, the total supply in the market would increase, which would put downward pressure on the price, and Andrew would have to sell all of his units at the market price of $80,000.

However, in the given scenario where Andrew is the sole seller of fire engines in the fictional country of Pyrotania, increasing his production from 8 to 9 fire engines is profitable because the revenue gained from selling the additional engine at $60,000 is greater than the revenue lost from selling all the engines at the lower price.

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Vulcan, Inc., has 7.3 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 9.3 percent, what is the current bond price?

Answers

The current bond price of Vulcan Inc. given the coupon payments and par value is $900.35.

What is the current bond price?

The current bond price can be found by discounting the coupon payments of the bond and the par value of the bond with the yield to maturity of the bond.

Coupon payments = percent coupon x par price

7.3% x 1000

0.073 x 1000 = $73

Current price of the bond = 73 / (1.093) + 73 / (1.093²) + 73 / (1.093³) + 73 / (1.093^4) + 73 / (1.093^5) + 73 / (1.093^6) + 73 / (1.093^7) + 1000 / (1.093^7) = $900.35

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You make entries to the mileage expense account. A saleswoman drives to a town 150 miles north and 110 miles east. She goes there on a straight highway that leads directly there, heading diagonally northeast. You reimburse mileage at $0.50 per mile. How much should you reimburse her?

Answers

It is to be note that the saleswoman should be reimbursed for a total of $92.68.

What is the calculation explaining the above answer?


The total distance traveled by the saleswoman is the hypotenuse of a right triangle, where the legs represent the distance traveled north and east. We can use the Pythagorean theorem to calculate the hypotenuse as follows:

Distance traveled north = 150 miles

Distance traveled east = 110 miles

Total distance = √(150² + 110²)

≈ 185.35 miles

Therefore, the saleswoman should be reimbursed for a total of $92.68 (185.35 miles x $0.50 per mile).


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Explain all the reasons why a decrease in the price of a product would lead to an increase in purchases of the product?

Answers

Since it is cheaper many people would want to buy this product and it would make the company more money and more sails

Principles of Investment
Assignment Active
Monetary Policy and Investments
Juan is always researching different investment options.
A few weeks ago he noticed some nice homes for sale in
his neighborhood. The listed prices were below market
value. Today on the news he heard that the Federal
Reserve lowered interest rates for banks and that banks
have lowered interest rates for home mortgages in turn.
As a result, there has been a huge boom in the number of
people purchasing homes.
What is most likely to happen as a result of the
change in interest rates?
O Housing prices will go up and down due to
changing fiscal policy.
O The market will experience more demand and the
price of houses will go up.
O The price of houses will go down in response to the
decreased demand.
O The prices for homes in that area will be stable due
to the new monetary policy.
4

Answers

As a result of the decrease in interest rates, Option B. The market will experience more demand, and the price of houses will go up.

The demand for houses will go up and housing prices will increase, causing individuals who were on the fence about buying a house to act swiftly before prices rise too much. As a result, housing sales are expected to surge. Lower interest rates, on the other hand, are often linked to increased borrowing and spending in the economy. Because borrowing money is now less expensive, more people are more willing to do so and the money supply in circulation rises.

The decrease in interest rates could cause more individuals to be more willing to purchase a home due to lower interest rates and more affordable mortgage payments. Lowering interest rates for banks and home mortgages, as well as lowering the cost of borrowing, encourages more people to buy houses, resulting in a greater demand for homes and, in turn, driving up the prices of homes.

As a result, option B is correct: the market will experience more demand, and the price of houses will go up. Therefore, the correct option is B.

The question was incomplete, Find the full content below:

Juan is always researching different investment options. A few weeks ago he noticed some nice homes for sale in his neighborhood. The listed prices were below market value. Today on the news he heard that the Federal Reserve lowered interest rates for banks and that banks have lowered interest rates for home mortgages in turn. As a result, there has been a huge boom in the number of people purchasing homes. What is most likely to happen as a result of the change in interest rates?

A.  Housing prices will go up and down due to changing fiscal policy.

B. The market will experience more demand and the price of houses will go up.

C. The price of houses will go down in response to the decreased demand.

D. The prices for homes in that area will be stable due to the new monetary policy.

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what is the proper way to eat in class

Answers

The proper way to eat in class is to follow the rules and teacher's instructions, choose quiet and odorless foods, eat discreetly, and be respectful of others.

1: Be mindful of the class rules and teacher's instructions. Different schools and teachers may have different policies regarding eating in class. Make sure you are aware of these rules before proceeding.

2: Choose appropriate foods. Opt for foods that are quiet, odorless, and easy to eat without making a mess. Avoid foods that are crunchy, smelly, or require utensils, as they may disrupt the class or distract other students.

3: Prepare in advance. If you know you will be hungry during class, have a small snack or meal before class starts to curb your hunger. This way, you won't be tempted to eat during the class session.

4: Eat discreetly. If you do need to eat something during class, do so discreetly. Choose a moment when the teacher is not actively speaking or when there is a break in the lesson. Take small, quiet bites and avoid making unnecessary noise.

5: Be respectful of others. Ensure that your eating habits do not disturb or distract your classmates. Avoid chewing loudly, slurping drinks, or engaging in messy eating habits. Keep your focus on the class material while eating.

6: Clean up after yourself. Dispose of any food wrappers or containers properly in designated trash cans. If you accidentally make a mess, clean it up discreetly and quickly to avoid drawing attention.

7: Follow teacher's instructions. If your teacher explicitly prohibits eating in class, respect their rules and refrain from eating until an appropriate time, such as during designated breaks or lunchtime.

Remember, the primary purpose of being in class is to learn and engage in educational activities. Eating should only be done when necessary and in a manner that does not disrupt the learning environment.

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HURRRYYYY PLEASE HELP ME ASAP!!!!
1, Select a company with an international presence that you are familiar with or that you learn about by searching the internet

2.Identify the laws, treaties, acts, and governing bodies (e.g. U.N., WTO, and IMF) that impact their business.

3.Explain the impact these laws, treaties, acts, and governing bodies have on their business.

4.Differentiate the impact of those various laws etc. on their business abroad from the impact of similar things on their business in the United States.

Please provide citation and reference to sources. Quoted language must be put inside quotation marks

Answers

The WTO has a major impact on Toyota in a similar manner.The WTO's primary responsibility is to negotiate trade regulations among its members. As a result, the WTO regulations have a big impact on the Toyota industry.

The company is permitted to import and export the medicine in accordance with WTO regulations. The WTO may have both beneficial and bad effects on enterprises.

Toyota was able to enhance product exports with the help of the WTO. As the WTO upholds the organization's viewpoint to comply with WTO regulations and rules, the company's sales rate has increased.

However, the WTO also has a detrimental effect on Toyota's operations. Due to the substantial influence of its quantity of exports, the World Trade Organisation has continually raised the tariff ceiling. Therefore, it is conceivable to assert that the WTO has an impact on the Toyota company both advantageously and badly.

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Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)

Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.

Answers

Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.

What is a database?

A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.

A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.

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What is the basic difference between job specification and job description​

Answers

Job description explains and provides a general overview of the job. Job specification is precise information and a requirement for a job role

James received a raise after his first year on the job to $43,800 from his initial salary of $42,000. Inflation averaged 2.8% for that first year. In real terms (i.e., adjusted for inflation), what was his real raise stated as a percentage?

The calculation for percentage change of personal income is:
Group of answer choices
4.29%
2.29%
5.29%
1.29%

Answers

The calculation for percentage change of personal income is A. 4.29%. that is, the real raise of salary in percentage is 4.29%.

What is inflation?

The overall rise in prices of goods and services over time in an economy is referred to as inflation. When inflation occurs, people may purchase fewer products and services with the same amount of money because the purchasing power of a unit of currency declines.

How do you determine it?

James's initial income of $42,000 must be adjusted for inflation before being compared to his current compensation of $43,800 in order to determine his actual raise. The inflation rate was 2.8%.

Raise in salary = 43800 - 42000 = $1800

Therefore, real raise of salary in percentage is:

= Raise in salary/ initial salary x 100%

= 1800/42000 x 100%

= 4.285% = 4.29%

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Match the type of teams to the scenario that portrays each of them.
traditional work teams

flexible work teams

self-managed teams

lean production teams

Sara loves working with her team. Each member is involved in some of the
decision-making activities. Her supervisor works as a part of the team and
sometimes alongside them when the situation requires it.

At Sam's workplace, he is a part of a team that reports to a supervisor. There is
no interdependence on the team, and each member has individual goals to
accomplish

At Tina's workplace, she is a part of a team that follows a standard operating
procedure, and their work is production-based. She has no say in management
activities.

Roy and his team members are highly involved in all the team activities and
decision-making activities at work. Each member has the liberty to choose the
work process that suits him or her best. Their supervisor facilitates the team's
requirements

Answers

Matching the type of teams to the best scenarios that portray them will be as follows:

Types of Teams                   Portraying Scenarios

Traditional work teams       C. At Tina's workplace, ...

Flexible work teams            A. Sara loves working ...

Self-managed teams           B. At Sam's workplace, ...

Lean production teams      D. Roy and his team members ...

The characteristics of teams are enumerated below:

Traditional work teams: individuals have shared processes and goals. Flexible work teams: there is greater flexibility in the working pattern. Self-managed teams: individuals are focused on their different objectives. Lean production teams: make quick decisions that benefit the company.

Thus, various work teams can be instituted, with each type achieving specific purposes.

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You have just taken a job at a manufacturing company and have discovered that they use absorption costing to analyze product costs and subsequent cost-volume-profit decisions. You would like to introduce them to variable costing and explain to them why this costing method can be used and why it is helpful.
Compose a short email - 2 to 3 short paragraphs because the president it too busy to read anything longer than that - proposing a variable costing system and what that might mean for reports, analysis and comparisons. You could give a brief example if you feel that is necessary for your explanation to the president.

Answers

Answer and Explanation:

Respected Sir,

Sub: Absorption costing to analyze product costs and subsequent cost-volume-profit decisions

As per your requirement please find the explanation below:

Absorption costing is a process by which we add part of the fixed overhead to the production expense of the goods. If we do on a per-unit basis. Here we will compute by dividing the fixed costs by the number of units that we built and sold over the era. Whereas Variable costing includes fixed overhead as a lump sum instead of a per-unit price.

Under this process, all your variable costs like equipment, raw materials, and shipping are included. We will add the maximum fixed overhead costs for the duration. Such costs are not calculated on a per-unit basis. Rather than we deduct them as a lump-sum expense from your income amount.

Variable costing is really useful as it reveals the earnings after all the expenses are paid for the accounting period. While you would not have earned revenue for the goods we purchased as some may be in the inventory, we are showing you have paid all of your expenses for the time. We have excess revenue when you actually sell the finished goods in the warehouse.

The absorption approach is not all that effective as absorption costing will inflate the income figures excessively in any given span of accounting. Since you're not going to subtract any of your fixed costs as we did not sell any of us produced goods, our profit and loss report doesn't reflect the maximum expenses you've had for the time. Therefore, these results may mislead us when our profitability is analyzed.

Regards

ABC

data in a form of a series of letters, numbers, and other characters whose combined meaning does not depend upon a prespecified format or definition of individual items is called

Answers

Data in a form of a series of letters, numbers, and other characters whose combined meaning does not depend upon a prespecified format or definition of individual items is called unstructured data.

What is unstructured vs structured data?

Structured data is very specific and is kept in a set format, whereas unstructured data is a collection of many different forms of data that are kept in their original formats. Thus, structured data benefits from schema-on-write whereas unstructured data uses schema-on-read.

Datasets (often enormous collections of files) that aren't stored in a structured database format are simply referred to as unstructured. Although it is not established by data models, unstructured data does have an inherent structure. It could be created manually or automatically, in a textual or non-textual format.

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Blue Spruce Corp. reported net income of $194,740 for 2022. Blue Spruce Corp. also reported depreciation expense of $36,900 and a loss of $5,030 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $15,650 for the year, a $15,880 increase in accounts payable, and a $4,250 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Blue Spruce Corp. Partial Statement of Cash Flows Choose the accounting period Select an opening section name Select an item $Enter a dollar amount Adjustments to reconcile net income to Select an opening name for subsection Select an item $Enter a dollar amount Select an item Enter a dollar amount Select an item Enter a dollar amount Select an item Enter a dollar amount Select an item Enter a dollar amount Enter a total amount for this subsection Select a closing section name $Enter a total amount for this section

Answers

Answer:

Blue Spruce Corp

Statement of Cash Flows for the year ended December 31, 2022

Operating activities section:

Net income                                          $194,740

add non-cash flow items:

    Depreciation expense                      36,900

    Loss on disposal of plant assets     54,030

Adjusted operating income             $285,670

Working capital changes:

Increase in accounts receivable         (15,650)

Increase in accounts payable              15,880

Increase in prepaid expenses             (4,250)

Net cash from operating activities $281,650

Explanation:

a) Data and Calculations:

Reported 2022 net income = $194,740

Depreciation expense = $36,900

Loss on disposal of plant assets = $54,030

Increase in accounts receivable = $15,650

Increase in accounts payable $15,880

Increase in prepaid expenses $4,250

b) The operating activities section is one section of the Statement of Cash Flows.  It shows the cash inflows and outflows from Spruce's normal business activities.  Other sections of Spruce's Statement of Cash Flows that show activities outside operating activities are the investment activities section and financing activities.

PLEASE HELP!

Things of value provided by employers in addition to wages are ______. *

Answers

Answer:

Employee Benefits

Explanation:

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