Due to a number of factors, including corporate greed, a lack of government restrictions, and unequal bargaining power between employers and employees, unfair salary practices still occur today. There may also be a pervasive culture in some industries that devalues particular sorts of work or workers.
However, there is a chance for change with growing awareness and advocacy for fair wages and labour practices. Better pay and benefits for workers can be negotiated and implemented by governments and labour organisations. Additionally, customers can consciously choose to support businesses that value fair labour practises. In the end, it will require a team effort to put an end to unfair trade practices and make sure that employees are fairly compensated for their services to their respective industries.
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what component of the profit equation should be set equal to zero to find the breakeven point?
By setting the net profit to zero, you can identify the point at which your revenues are equal to your costs, and this is the breakeven point. This helps businesses determine how much they need to sell or produce to cover their costs without incurring a loss.
To find the breakeven point, you should set the "net profit" component of the profit equation equal to zero.
1. The profit equation can be expressed as: Profit = Revenue - Costs
2. The breakeven point is the level of production where there is no profit or loss, meaning the profit is equal to zero.
3. To find the breakeven point, set the profit component of the equation to zero: 0 = Revenue - Costs
4. You can now solve the equation for the desired variable (e.g., production level, price, or quantity) to determine the breakeven point.
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Joel klippert says he pays himself last, after he pays his vendors and employees. explain this decision in terms of the principle of business profit. do you agree with his payment priorities?
Answer with Explanation:
Paying employees and the vendors is necessary because they are very important stakeholders of the company. The company must manage its vendors and must not surpass the agreed credit period and credit allowed. If the company is properly managing its vendors then it is most likely that the company will taking maximum benefit out of it by increasing its credit period or credit allowed amount or both. This lower the working capital investment and thus would save the cost of financing the working capital, and hence the business profit would be increased. This means that the effective management of vendors increases business profit.
On the other hand, if we are not paying the employees in time then it will lower the motivation of the employees which would affect their productivity as well. Hence it is better to keep them motivated because it increases it productivity and also lowers employee turnover.
The impact of these decision would might seem that it has decreased the profit but employee cost are both fixed cost (salaried) and variable cost (wages) which means the fixed will remain the same but if the wages are growing then it is a sign of increased production. Hence we must pay them in time irrespective of business profit.
the two basic shopping goals of consumers are customer satisfaction and customer service.a. trueb. false
The statement "the two basic shopping goals of consumers are customer satisfaction and customer service" is false because it encompasses factors such as product quality, reliability, performance, features, and overall experience.
Option (b) is correct.
Customer satisfaction refers to meeting or exceeding customers' expectations regarding the product or service they purchase. When consumers are satisfied with their purchases, they are more likely to become repeat customers and recommend the product or service to others.
On the other hand, customer service is not one of the basic shopping goals of consumers but rather a means to achieve customer satisfaction. Customer service refers to the assistance, support, and interaction provided by the company or its representatives before, during, and after the purchase. It includes aspects such as helpfulness, responsiveness, problem resolution, and the overall experience of dealing with the company.
While customer service plays a crucial role in enhancing customer satisfaction, it is not a standalone shopping goal. Consumers primarily seek satisfaction through the value they receive from their purchases, which includes factors like quality, features, pricing, convenience, and overall benefits derived from the product or service.
Therefore, option (b) is correct.
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15) keeping a product generic as long as possible before customizing is known as:__________
Postponement is the practice of keeping a product generic for as long as possible before modifying it.
By deferring current investment in a good or service until the very last minute, postponement is a business strategy that tries to maximize reward and reduce risk. A supply chain technique for quick adjustment to shifting market conditions is postponement. Lead times are lowered, working capital is cut and waste is eliminated. Postponement is a make-to-order strategy in contrast to conventional make-to-forecast methods, when things are quickly customized from stocks of nearly complete products, frequently close to customers. Modern enterprises employ postponement as a key supply chain management strategy in order to survive in the cutthroat business climate of today.
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A. Identify a profession b. In not more than 60 words, describe the "art" and "science" of such profession in (a).
Answer:
Comedy as a Profession is a great example.
Explanation:
The science of it is related to the psychology of what makes people laugh.
If studied, one would realize that there are certain things that are bound to make people laugh (all things being equal). An example is when a person makes fun of themself to an audience.
To explain this, scientists have stated that it is inherent in humans to laugh at the misfortune of others. However, this is just a theory and does not explain why we laugh at other kinds of comedy.
A plausible explanation (which is more recent in the parlance of psychology) is that people also laugh when certain expectations are defied in a very witty manner.
As a professional stand-up comedian, knowing all the rules and tricks is just one part of the coin. Being able to, either by practice or repeated efforts during practice, internalize these principles, practice them and effectively use them is the artistic part of the picture.
There those who are gifted naturally with a principle thought process that elicits laughter from others, would be termed hilarious. However, to make a living out of comedy, one would need to fully understand the principles and practice to deliver them as naturally as possible.
Another paradigm to the art of comedy is that, it has to be very witty. Wit many times may come with an element of suprise... a new angle that was previously "unthought" of.
Cheers!
Kathryn wants to open a bank account that allows here to perform frequent transactions without being charged a penalty, and she does not want to maintain a minimum balance. What type of bank account should she open?
Answer:
checking account
Explanation:
A checking account is the bank account in which you can easily access your money. Here the purchase could be made via debit card, cheques, etc. It have no interest or low interest. It contains the service fees but it could be waived off by meeting out the balance or the requirement of the direct deposit
so as per the given situation, the person wants to perform frequent transactions without having any penalty and also she wants to maintain the minimum balance
So checking account should be opened
A _________ is the distribution of cash to its owners. This is determined by the board of directors. Multiple choice question. withdrawal cash dividend common stock dividend
Answer:
Common stock dividend
Explanation:
Owners have stock as proof of part ownership of the company. The dividend is designed to share the company's profits with it's owners. You may onmly own a trashcan, but it still earns a dividend.
A cash dividend is the distribution of cash to its owners. This is determined by the board of directors.
What is a cash dividend?
This is the distributrion of the accumulated earnings or the profits made by a corporation by all of its share holders.
The sharing of the cash to the owners is a decision that is made by the board of directors.
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a firm that produces an information product that prices that product at marginal cost will a. earn negative profits. b. earn profits equal to zero. c. maximize profits. d. earn positive profits but could earn a higher profit by using a different method.
If a firm produces an information product and prices it at marginal cost, it will earn positive profits. However, it could potentially earn even higher profits by using a different pricing method, such as pricing above marginal cost. Therefore, the correct answer to the question is d. The firm will earn positive profits, but there is potential to earn a higher profit through a different pricing strategy.
A firm that produces an information product and prices it at marginal cost will likely d. earn positive profits but could earn a higher profit by using a different method. This is because, by pricing at marginal cost, the firm covers its variable costs but may not fully account for fixed costs, leading to lower overall profits. By using a different pricing strategy that considers both fixed and variable costs, the firm can potentially achieve higher profits.
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In your opinion, do you believe that the United States should implement a basic income guarantee? (A basic income guarantee is a program designed to address income inequality by providing members of the community with a monthly income.) Do you believe the benefits will outweigh the enormous cost of the program? Please explain your answer.
In my opinion, the United States should implement a basic income guarantee as it is an essential tool for addressing the issue of income inequality. The benefits of the program would outweigh the enormous costs of implementing it.
There are several benefits to implementing a basic income guarantee in the United States. First, it would help reduce poverty and increase the standard of living for low-income households. Second, it would provide a safety net for those who lose their jobs or experience unexpected financial hardship. This could help prevent homelessness and other negative outcomes associated with poverty. Third, it would increase the overall level of economic activity by providing consumers with more purchasing power and stimulating demand for goods and services.
However, there are some who argue that the cost of a basic income guarantee would be too high and that it could discourage people from working. While it is true that implementing a basic income guarantee would be expensive, the benefits of the program would far outweigh the costs. Additionally, studies have shown that providing people with a basic income does not necessarily discourage work. In fact, it can provide people with the financial stability and security they need to pursue new opportunities and take risks.
In conclusion, I believe that the United States should implement a basic income guarantee. While the program would be expensive, the benefits it would provide in terms of reducing poverty, stimulating economic activity, and providing a safety net for those in need would far outweigh the costs. A basic income guarantee is an innovative and effective tool for addressing income inequality and promoting greater economic stability and growth. The main answer is that the United States should implement a basic income guarantee to address income inequality, reduce poverty, increase economic activity, and provide a safety net for those in need. The detailed answer provides additional information about the benefits of the program, the cost of implementation, and the potential impact on work incentives.
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Successful retailers of the future must adopt which type of buying experience that is both seamless and integrates multiple types of media?.
Future successful merchants must embrace social shopping retailing for a seamless and multi-media integrated shopping experience.
What is social shopping marketing?Social commerce is a method of marketing and selling products and services using social media platforms. With this type of selling technique, customers may make purchases without ever leaving social media platforms. Social commerce allows customers to discover new brands.Social commerce makes it simpler to measure and assess business insights. These channels all have pre-built metrics for impressions, interaction, and reach, so you can regularly assess them. You can deliver the relevant material to each group by appropriately segmenting your audiences.To learn more about Social shopping refer to:
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Which of the following are ways in which people can get an aptitude?
D born with it
buy it
O acquire it
borrow it
Answer:
born with it
Explanation:
hopefully it helps if not then I'm sorry
Answer:
Born with it & Acquire it
Explanation:
You can naturally be born with it or you can learn it. I got it right so gg to whoever needs this.
Simon has a $250,000 life insurance policy with City Life. He has had this policy for many years, and all of the premiums have been paid. He no longer needs to make any payments in order to keep the policy in effect. Simon named his brother, Leo, as the beneficiary of the policy. Leo needs $50,000. Leo knows about the insurance policy, and that it is fully paid. Rather than take out a loan, he contacts City Life and asks for $50,000 as an advance against the full amount of the policy that will be due to him. What is City Life likely to do?
Answer:
The correct statement will be "Not give Leo the money since Leo is not vested".
Explanation:
Simon wanted to purchase a city life insurance package. Under that same agreement arrangement, Simon has compensated have all premiums owed. As that of the beneficiary including its scheme, Simon designated his brother, Leo.Leo requires 50,000 dollars. He reaches the urban environment instead of accepting a mortgage as well as demands for the amount owed including its gain that would accumulate to him following his brother's passing.
The remaining amount through Life insurance policies can only be compensated on Simon's death and nobody even, particularly Simon and his brother Leo, seems to have the authority to charge any compensation payout against that kind of policies especially given the fact that almost all the contributions have been compensated.
So the above is the right approach.
answer all questions
4.3 Hadley Bear, Inc. uses a periodic inventory system. At the end of the January 31, 2017, the accounting records for the most popular them in inventory showed the following Transactions Units Unit C
The cost of goods sold if Hadley Bear uses the average cost method based on the information is $3280
How to calculate the amountGiven the following information:
Beginning Inventory= 350 units for $1 each
Purchases January 10 = 450 $4
Purchase, January 30= 200 $7
At the end of the period, Hadley Bear has 180 units remaining in inventory.
First, we need to calculate the number of units sold:
Units sold= total units - ending inventory in units
Units sold= 1,000 - 180
Units sold= 820 units
Now, the average cost:
Average cost= (1 + 4 + 7)/3= $4
COGS= 4 * 820= $3,280
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Hadley Bear, Inc. uses a periodic inventory system. At the end of the January 31, 2017, the accounting records for the most popular item in inventory showed the following: Transactions Units Unit Cost Beginning Inventory, Jan 1 350 $1 Purchases January 10 450 $4 Purchase, January 30 200 $7 Hadley Bear sells the units for $20 each. At the end of the period, Hadley Bear has 180 units remaining in inventory. What is the cost of goods sold if Hadley Bear uses the average cost method?
The orange farming industry is perfectly competitive and is initially in long-run equilibrium, and the price of each orange is $0.20. Now suppose that the price of fertilizer rises, increasing the marginal and average total cost of producing oranges by $0.10. In the long run:_______.
Based on the marginal and average total cost rising, we can conclude that in the long run firms will leave the industry.
Why would they leave the industry?Firms will exit a competitive industry when the price is below the marginal cost.
In this case, the price was $0.20 and the marginal cost increased by $0.10. If we take into account, the original marginal cost which has now increased, the new marginal cost will most probably be higher than the price.
Firms will then leave the market to avoid losses.
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True/False? the transfer of costs from one inventory account to the next parallels the physical transfer of goods from one inventory to the next.
It is accurate to say that the physical transfer of goods from one inventory to the next parallels the transfer of costs from one inventory account to the next...
What is an accurate example?
a measurement's degree of accuracy in proportion to a standard or well-known value. For instance, your measurement is incorrect if you weigh a substance in a lab and discover that it weighs 3.2 kg when the actual weight is 10 kg. In this case, your measurement does not match the known value.
Accurate actions or copies are when someone performs or duplicates something accurately or exactly. Points were awarded for accurate spelling and punctuation.
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What is the main function of the federal deposit insurance corporation?.
Answer:
the mission of the federal deposit insurance corporation is to maintain and public confidence in the nation's financial system
The financial statements of Concord Manufacturing Company report net sales of $744600 and accounts receivable of $86000 and $16000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days?
42.2 days
50.0 days
7.8 days
25.0 days
The average collection period for accounts receivable in days is 25 days. The answer is D.
What is account receivable?It is the proceeds or payment which the company will receive from its customers who have purchased its goods and services on credit. Usually the credit period is short ranging from few days to months or in some cases maybe a year.
How to calculate average collection period for accounts receivable in days
= 365 / average account receivable turnover ratio
Average account receivable turnover ratio
= net credit sales / average account receivable
= $744,600 / ((86,000 + 16000)/2)
= 744,600 / 51,000
= 14.6
Average collection period for account receivable in days
= 365 / 14.6
= 25 days
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what important technology has done the most
Reserve analysis means adding extra time to the schedule to account for potential risk
True
False
Reserve analysis means adding extra time to the schedule to account for potential risk in order to help a company not only survive Control chart competitive advantages in a globalised, hostile business. This statement is True.
Environment, the managerial accountant must develop into a crucial component in the accurate measurement of business performance, in senior management's decision-making, and in the development of company strategies.
Because it is not only a crucial job for any commercial organisation, but it also faces many difficulties, including the advancement of technology and the escalating of global competitiveness.Executives and business leaders are currently searching for innovative ways to govern and manage their organisations.Organisations, however, are having issues not just because of the size of the changes, but also because of how quickly they are happening.
Complete question:
Reserve analysis means adding extra time to the schedule to account for potential risk potential annual loss of a given asset exposed to a specific threat.
True
False
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Prove you know what diminishing marginal utility is by creating an example of your own. Your example
cannot be food related.
Hi there, I'm not answering this question, sorry.
Your task clearly states you must think of your own example and prove what you know. That's why.
Please, if you're coming onto the Brainly website, at least improve your questions.
what is meant by the phrase 'external costs of production'
External costs of production, also known as externalities, refer to the indirect costs that are incurred as a result of producing goods and services but are not reflected in the market price.
These costs are imposed on individuals or society as a whole and are not accounted for by the producers or consumers of the goods and services. Externalities can be negative or positive and can arise from a variety of sources, such as pollution, congestion, noise, or benefits to others. Externalities are often considered to be market failures because they can result in inefficient outcomes and distortions in resource allocation.
Therefore, external costs of production, also known as externalities, refer to the indirect costs that are incurred as a result of producing goods and services but are not reflected in the market price.
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Suppose there are 1000 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 workers when the wage rate is $9, and 30 workers when the wage rate is $8. The equilibrium wage rate for a number of years has been $9. If the wage rate falls to $8, we know that
Answer:
d. the quantity demanded for the market will increase to less than 30,000 workers.
Explanation:
Missing options:
a. the quantity demanded for the market will increase to 30,000 workers. b. the quantity demanded for the market will increase to more than 30,000 workers. c. the quantity demanded for the market will increase, but we can't tell which of the above answers is correct. d. the quantity demanded for the market will increase to less than 30,000 workers.maximum total demand for labor = 30 (at $8) x 1,000 firms = 30,000 workers, but since the equilibrium rate had been $9 for many years, some workers have already been hired at $9, and it is usually very difficult to lower someone's wage once they have been working. Even thought the quantity demanded will increase, it will probably not be able to reach 30,000 workers.
What days are BIM classes held?
Classes take place on Mondays and Wednesdays from 4:00-6:00 pm EST, at The Plan Room located at 1815 W Broadway.
Have a Nice Day.
Which of the following is not a characteristic of a limited liability company? a. Limited liability b. Unlimited life C. Always taxed as a corporation Od. Generally has an operating agreement drawn up by an attorney
The characteristic of a limited liability company that is not listed is **C. Always taxed as a corporation**. Limited liability companies (LLCs) can be taxed as either a corporation or as a partnership, depending on the wishes of the members. This flexibility is one of the key benefits of forming an LLC.option C
LLCs are taxed as corporations by default, but members can choose to have their LLC taxed as a partnership by filing an election with the Internal Revenue Service (IRS).
If an LLC is taxed as a partnership, the income and losses of the LLC are passed through to the members, who report them on their individual tax returns. This can be beneficial for members who want to defer or reduce their taxes.
The other three characteristics listed are all common characteristics of LLCs. Limited liability means that the members of an LLC are not personally liable for the debts and liabilities of the LLC.
Unlimited life means that an LLC can continue to exist even if one or more of the members dies or leaves the LLC.
An operating agreement is a document that sets out the rules and procedures for how an LLC will be managed and operated.
It is generally a good idea to have an operating agreement drawn up by an attorney, but it is not required by law.option C
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Which job titles both require a
car?
Pizza Delivery Person
and Cashier
IT Supervisor and
Pharmaceutical
Salesperson
AL501
Pharmaceutical
Salesperson and Pizza
Delivery Person
Web Designer and IT
Supervisor
Elf
Which job titles both require a car?
Answer:
sales person and delivery person
Pharmaceutical Salesperson and Pizza Delivery Person are the two job titles that require a car or vehicle for completion of the tasks. Therefore, the option C holds true.
What is the significance of a job title?A job title can be referred to or considered as the designation given to an employee or a worker for the job or task that he or she performs while being employed or on a contractual basis. A job title is always in direct relation with the job description and requirements of the job.
The jobs of both a salesperson, and a pizza delivery person, are such that they need a car or vehicle of any kind in order to carry out the tasks of their job in an efficient way.
Therefore, the option C holds true and states regarding the significance of a job title.
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How Do You Calculate the Time Value of Money?
You can use the following formula to calculate the time value of money: FV = PV x [1 + (i / n)] (n x t)
What Is Money's Time Value?The concept of time value of money states that money today is worth more than money tomorrow. This is due to the fact that money today can be spent, invested, or grown. As a result, a dollar earned today is not the same as a dollar earned a year ago because money earned today can generate interest, unrealized gains, or unrealized losses.
Individual investors use time value of money to better understand the long-term value of their investments and obligations. The time value of money is used to calculate an investor's future retirement balance.
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most of the revenue that magazine companies generate comes from what?
A.subscriptions from readers
B.publishing content articles
C.selling space to advertisers
D.store and newsstand sales
Answer:
C.selling space to advertisers
Explanation:
Selling advertising space to advertisers is one of the oldest ways that magazines have been using to generate revenue. To date, advertising still accounts for a massive percentage of revenues for magazines. Despite the emergence of other revenue streams for magazines, such as subscriptions, advertisers are still the biggest revenue source. Up to 59.5% of magazine revenue is through the sales of selling space to advertisers.
Answer:
C
Explanation:
In which situation would a savings account be the best investment to earn interest?
Osaving for retirement in 20 years
O saving to buy a new car in three years
O saving to buy a new house in seven years
O saving to easily access the money when needed
Answer:
Explanation:
A savings account would be the best investment to earn interest if you are saving to easily access the money when needed.Savings accounts are designed to offer a safe place to store your money and earn interest on your balance. They typically offer easy access to your funds, with no penalty for making withdrawals. However, savings accounts usually have lower interest rates compared to other investment options, such as stocks or bonds.For long-term savings goals such as retirement or buying a house, other investment options such as stocks or mutual funds may offer higher returns over the long run. However, these options come with higher risks and are typically not as easily accessible as a savings account.For short-term savings goals such as buying a car in three years, a savings account can also be a good choice since you'll want to have the money available when you need it, and you don't want to risk losing it in the stock market.Overall, a savings account is a good option for saving money that you may need to access in the near future, and it offers a lower risk and more stable return compared to other investment options.
A savings account is the best investment to earn interest is saving to easily access the money when needed. Thus the correct option is D.
What is the interest rate?Interest rate refers to the amount charged by the bank when lending any money to the borrower. The borrower has to repay the loan amount based on this interest rate along with the principal amount.
Savings money is typically deposited into interest-bearing accounts where the risk of losing your initial investment is low. You can store money in savings accounts while getting a meager interest return.
The optimal investment choice for you will depend on your personal financial objectives and risk tolerance. It could be a good idea to speak with a financial counselor if you are unclear about the investment option to select.
Therefore, option D is appropriate.
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Which of the following are examples of back-of-the-house employees?
A. Front desk clerks, reservation agents, and bell attendants.
B. Hosts, hostesses, and parking attendants.
C. Housekeepers, building engineers, and laundry attendants.
B. Servers, cashiers, and concierges.