If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent, your rate of economic profit is
a. 23 percent.
b. zero.
c. 36 percent.
d. 10 percent.
Answers
In industry, if most businesses are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent, your rate of economic profit is 10 percent. Thus, option d is correct.
What is economic profit?Economic profit is the difference between total revenue and the opportunity cost of production. It's a concept that attempts to quantify the financial value of a company's total productive efforts in a given period, which can be measured by deducting all expenses from revenue.
Explicit costs are the actual expenses that a company pays, such as wages, rent, and materials, while implicit costs are the opportunity costs of using resources owned by the company, such as the time and effort of the business owner.
The formula for calculating economic profit is:
Economic Profit = Total Revenue - Total Costs (explicit and implicit) - Opportunity Costs.
23% - 13% = 10%.
Your rate of economic profit is d. 10 percent.
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Related Questions
Ashleigh hires a group of security staff. Each worker works an average of 80 hours per month at $14/hour. If her monthly labor cost for security workers is $23,520, how many security workers did Ashleigh hire? a) 15 b) 21 c) 36 d) 47
Answers
Answer:
b) 21
Explanation:
Each worker works an average of 80 hours per month and earns $14 per hour.
Each employee will earn 80 hours multiplied by $14
=80 x $14
=$1,120
If the monthly labor cost for security worked is $23,520, she has hired
=$23,520/$1,120
=21 security workers
Answer: 21 workers
Explanation:
3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answers
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.
After my salary was increased by $16\%,$ it was $\$52{,}200$. What was my salary before the increase?.
Answers
Your salary before the increase was $45,172.41. Salary is a the value that you will get after your hard work.
Salary is the total amount that you will get after you done your job. Salary can be paid monthly or depends on the rules your company. Salary is often paid with the money.
To find out your salary before the increase, you can use the formula:
original salary = new salary / (1 + (percent increase / 100))
Plugging in the given information, you get:
original salary = $52,200 / (1 + (16 / 100))
original salary = $52,200 / 1.16
original salary = $45,172.41
So your salary before the increase was $45,172.41.
Here is the clear question.
After my salary was increased by 16%, it was $52,200. What was my salary before the increase?
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Violet Inc. has been undertaking a lot of responsibilities as a company in order to be the best in its industry. Over time, however, these responsibilities become tough to handle and the company finds it difficult to efficiently manage the time and effort to perform its activities. In contrast, other firms in the industry that outsource some of their activities to smaller companies find it easier to generate more profit than Violet Inc. The situation faced by Violet Inc. in this example illustrates one of the important disadvantages of vertical integration that is _________.
A. loss of focus
B. loss of flexibility
C. loss of frequency
D. loss of facility
Answers
the inventory period falls from 52 days to 48 days. the receivables period rises from 33days to 30 days. the payables period falls from 51days to 44days. what happens to the cash cycle? group of answer choices increases decreases we cannot tell not affected
Answers
The given data states that the inventory period falls from 52 days to 48 days, the receivables period rises from 33 days to 30 days, and the payables period falls from 51 days to 44 days.
We need to find out what happens to the cash cycle.
Therefore, the cash cycle is calculated by using the formula:
Cash cycle = Inventory period + Receivables period - Payables period therefore, putting the given values in the formula we have,Cash cycle before = 52 + 33 - 51 = 34 days cash cycle after = 48 + 30 - 44 = 34 daysOn comparing, we can see that the value of cash cycle before and after are the same, which means it has not affected the cash cycle.
Therefore the correct option is: Not affected.
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In a purchases-payables computer system, a purchase order is created after which document has been processed?
Answers
Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answers
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
What changes in investment and potential output are supposed to follow from a decrease in taxes according to supply-side economics
Answers
The answer to the question is that supply-side economics suggests that a decrease in taxes will lead to an increase in investment and potential output.
This is because supply-side economists believe that lower taxes will incentivize individuals and businesses to work harder and invest more, which in turn will lead to increased economic growth.
Supply-side economics is based on the idea that economic growth is primarily driven by the supply side of the economy (i.e. production and investment) rather than the demand side (i.e. consumption). According to supply-side theory, lower taxes on businesses and individuals will encourage them to work harder, save more, and invest more in their businesses, which will lead to increased productivity and economic growth.
In practice, supply-side economists believe that a decrease in taxes will lead to several specific changes in investment and potential output. These changes may include:
- Increased investment in capital goods: Lower taxes on businesses can free up more capital for investment in new equipment, machinery, and technology. This can increase productivity and output over the long term.
- More entrepreneurship: Lower taxes on individuals can incentivize more people to start their own businesses, leading to more innovation and competition in the market.
- Higher wages: As businesses become more productive and profitable due to lower taxes, they may choose to raise wages for their workers in order to attract and retain talent.
- Increased economic growth: As investment and productivity increase, the overall level of economic growth in the country is likely to rise as well.
Of course, not everyone agrees with the tenets of supply-side economics, and some critics argue that lower taxes may not always lead to the desired outcomes. However, proponents of supply-side theory continue to argue that lower taxes are a crucial component of economic growth and prosperity.
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McCoy’s Fish House purchases a tract of land and an existing building for $900,000. The company plans to remove the old building and construct a new restaurant on the site. In addition to the purchase price, McCoy pays closing costs, including title insurance of $2,000. The company also pays $12,000 in property taxes, which includes $8,000 of back taxes (unpaid taxes from previous years) paid by McCoy on behalf of the seller and $4,000 due for the current fiscal year after the purchase date. Shortly after closing, the company pays a contractor $45,000 to tear down the old building and remove it from the site. McCoy is able to sell salvaged materials from the old building for $3,000 and pays an additional $10,000 to level the land.Required:Determine the amount McCoy’s Fish House should record as the cost of the land.
Answers
Answer: $962000
Explanation:
From the information given, the amount
that McCoy’s Fish House should record as the cost of the land will be:
Purchase price = $900,000
Add: Title insurance = $2000
Add: Back property tax = $8000
Add: Cost incurred to remove building = $45000
Add: Cost incurred to level the land = $10000
Less: Savage value of materials = $3000
Cost of land = $962000
Therefore, the cost of land is $962000
1-1 What is the basic difference in orientation between financial and managerial accounting? 1-2 What are the three major activities of a manager? 1-3 Describe the steps in the planning, Implementation, and control cycle. 1-4 What are the major differences between financial and managerial accounting? 1-5 Describe the lean business model and its corresponding management practices. 1-6 What are the pros and cons of a JIT system? 1-7 "It is vital that management accountants abide by a code of ethics." Do you agree or disagree? Explain.
Answers
1-1 The basic difference between financial and managerial accounting is that financial accounting focuses on providing information to external users, while managerial accounting focuses on providing information to internal users for decision-making purposes.
1-2 The three major activities of a manager are planning, organizing, and controlling.
1-3 The steps in the planning, implementation, and control cycle are: setting objectives, formulating strategies, implementing plans, monitoring performance, and taking corrective action if needed.
1-4 Major differences between financial and managerial accounting include their purpose, users, reporting frequency, and the level of detail and regulations.
1-5 The lean business model focuses on minimizing waste and maximizing efficiency through continuous improvement and streamlined processes, and its corresponding management practices involve empowering employees, reducing inventory, and utilizing just-in-time production methods.
1-6 Pros of a JIT system include reduced inventory costs and increased efficiency, while cons include potential disruptions to production and increased reliance on suppliers.
1-7 I agree that it is vital for management accountants to abide by a code of ethics, as it ensures professionalism, integrity, and transparency in their work, which ultimately benefits the organization and its stakeholders.
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What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Difference between training and exercise
Answers
Explanation:
For athletes and people with a definite performance objective in mind, Training is necessary. Training is physical activity performed for the purpose of satisfying a long-term performance goal, and is therefore about the process instead of the workouts themselves.
Answer:
Training is physical activity performed for the purpose of satisfying a long-term performance goal, and is therefore about the process instead of the workouts themselves
Exercise is a subset of physical activity that is planned, structured, and repetitive and has as a final or an intermediate objective the improvement or maintenance of physical fitness. Physical fitness is a set of attributes that are either health- or skill-related.
Explanation:
have a goo day/night
may i please have a branlliest
istp
1.Use the results of your personality test and write an essay.
2.Based on the test results write an essay describing your personality, learning style, and communication skills.
3. Post your essay on the "Question" page. Respond to all posts to your essay.
please pwede nyo ba sagutan due date na kasi Yan bucks please
Answers
Answer:
As an ISTP, I am characterized as a practical and logical person who enjoys solving problems and engaging in physical activities. I prefer to work independently and focus on the task at hand rather than engaging in social interactions.
My learning style is hands-on and experiential. I prefer to learn by doing rather than reading or listening to lectures. I thrive in situations where I can apply my knowledge and skills to solve real-world problems. I am good at analyzing complex situations and breaking them down into manageable parts.
When it comes to communication skills, I tend to be concise and to the point. I don't like to waste time on small talk and prefer direct communication. I am a good listener and pay attention to details. However, I may come across as aloof or detached in social situations, which can be misinterpreted by others.
As an ISTP, I have several strengths that I bring to any team or group. I am dependable, practical, and resourceful. I enjoy taking on challenges and coming up with creative solutions to problems. I am adaptable and can work in a variety of settings and situations.
However, there are also some weaknesses that I need to be aware of. I can sometimes come across as insensitive or indifferent to others' feelings, which can lead to misunderstandings and conflicts. I also have a tendency to procrastinate and avoid tasks that I find uninteresting or challenging.
To improve my communication skills, I can work on being more expressive and open with my thoughts and feelings. I can also try to be more patient and understanding with others, even if their communication styles differ from my own. To improve my learning style, I can seek out more opportunities for hands-on experience and experimentation, and try to engage with different learning materials to broaden my knowledge.
Overall, as an ISTP, I am a problem-solver who prefers practical solutions and hands-on experiences. While my communication style may come across as aloof, I am a good listener and pay attention to details. By being aware of my strengths and weaknesses, I can work to improve my skills and become a more effective member of any team or group.
Explanation:
Under which pay system do employers feel that hourly costs, training costs, and overhead costs can be high?
Answers
Under the hourly pay system, employers feel that hourly costs, training costs, and overhead costs can be high. This is because under the hourly pay system, employees are paid for the number of hours they work rather than the output they produce. This means that the longer an employee takes to complete a task, the more they are paid.
This can increase hourly costs for employers as they have to pay employees for every hour worked, regardless of whether they are productive or not.
Training costs can also be high under the hourly pay system because employees are paid for the amount of time they spend in training rather than the output they produce. This means that employees may take longer to learn new skills, which can increase training costs for employers. Overhead costs can also be high under the hourly pay system because employers have to pay for overhead expenses such as rent, utilities, and equipment regardless of whether employees are productive or not. This can increase the overall cost of doing business for employers.
Therefore, employers may feel that hourly costs, training costs, and overhead costs can be high under the hourly pay system.
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Which techniques would you recommend that eBay's leadership utilize to overcome resistance to change in this situation? Check all that apply. a. Tell employees that change should be like ripping off a bandage-the faster the change, the less painful it is. b. Promise those affected by the change that it will be the only time the company will make changes in structure or strategy. c. Educate stakeholders about the benefits of the change. d. Threaten to fire employees if the change is not successful. e. Communicate how the change will affect people on an individual basis.
Answers
The strategies that you would advise eBay's leadership to employ in this case to combat opposition to change include communicating how the change would effect people specifically. Option e is Correct.
When a noun is employed, the definition of basis is "a starting point, base, or foundation for an argument or hypothesis." As used as a noun, bases refers to foundations, starting places, or checkpoints. The fact that bases is the plural of base is a helpful reminder of the differences. The more popular word between the two is "basis."
Communication is the first step in overcoming change resistance. You already understood that communication is important. Nevertheless, consider allowing your staff start the dialogue. Providing people with the opportunity to express their ideas will help them feel heard. Hence, Option e is Correct.
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A performance evaluation system can create a conflict of interest between what is best for a manager and best for the organization and its owners, which is called
Answers
A performance evaluation system can create a conflict of interest between what is best for a manager and best for the organization and its owners, which is called an agency problem.
An agency problem arises when there is a conflict of interest between the goals and objectives of the principal (the organization and its owners) and the agent (the manager). The principal wants the agent to act in their best interest, but the agent may have their own personal interests and may not always act in the best interest of the principal. This can lead to a conflict of interest and can have a negative impact on the performance of the organization. To minimize the potential for an agency problem, it is important to have clear and effective communication, alignment of incentives, and proper oversight and accountability.
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A+buyer+with+a+30-year,+$400,000+loan+at+a+7%+interest+rate+has+a+monthly+principal+and+interest+payment+totaling+$2,661.21.+if+$2,333.33+is+interest,+how+much+is+applied+to+principal?
Answers
A buyer with a 30-year, $400,000 loan at a 7% interest rate has a monthly principal and interest payment totaling $2,661.21. if $2,333.33 is interest, how much is applied to principal?
Answer:
If $2,333.33 of the $2,661.21 is interest, that leaves $327.88 for principal. Subtract $327.88 from $400,000 for a new principal balance of $399,672.12
Interest rate is the amount charged over and above the important quantity by means of the lender from the borrower. In terms of the receiver, someone who deposits cash to any financial institution or monetary organization additionally earns extra profits thinking about the time cost of cash, termed as hobby acquired by means of the depositor.
What are interest rate now?
if you're looking to refinance your modern-day loan, the country wide common rate for a 30-12 months fixed refinance is 6.05%, rising 21 basis factors in comparison to this time ultimate week. in addition, trendy national common 15-yr refinance charge is five.25%, rising 17 foundation factors over the past week.
How does an interest rate paintings?
Within the case of cash you own, together with a savings account, interest is the amount you earn while you allow someone else use or maintain your budget. for instance, if you borrow $5,000 at a simple interest rate of 3% for five years, you will pay a total of $750 in interest. The components for easy interest is A = P (1 + rt).
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An example of a trade off is:
a.going to a movie to see your favorite actor
b.going to a movie because it got good reviews
c.giving up going to a movie because it got bad reviews
d.giving up going to a move to spend time shopping
Answers
giving up going to move to spend time shopping..
What is a federally sponsored corporation which insures deposits in national banks and certain other qualifying financial institutions up to a stated amount ?
Answers
Federal Deposit Insurance Corporation is a federally sponsored corporation that insures deposits in national banks and certain other qualifying financial institutions up to a stated amount.
The Federal Deposit Insurance Corporation, also known as the FDIC, is a separate department of the US government. The FDIC safeguards depositors of insured banks with locations in the US from losing their money in the event that an insured bank fails.
The FDIC administers receiverships, provides big and complicated financial institutions with resolution options, guarantees deposits, and inspects and supervises financial institutions for safety, soundness, and consumer protection.
There are just a few deposit instruments that are covered by FDIC deposit insurance, including checking and savings accounts, money market deposit accounts (MMDAs), and certificates of deposit.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
8. One of Hope's coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover
the shifts. Which of Hope's deductions will definitely change as a result?
a. Her Federal tax
b. Her health
C. Her dental
d. Her retirement
Answers
Answer:
A
Explanation:
Federal income taxes are simply known to be collected by the federal government to pay their bills
State taxes are often collected by individual state governments to pay their specific state bills.
Income tax are simply regarded as Taxes on income, both earned in salaries, wages, tips, commissions and also those unearned in form of interest and dividends.
Conclusively, Income taxes can be levied on both individuals and businesses.
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You have just been offered a contract worth $1.18 million per year for 5 years. However, to take the contract, you will need to purchase some new equipment. Your discount rate for this project is 12.4%. You are still negotiating the purchase price of the equipment. What is the most you can pay for the equipment and still have a positive NPV? The most you can pay for the equipment and achieve the 12.4% annual return is $ million. (Round to two decimal places.)
Answers
To calculate the maximum amount you can pay for the equipment and still have a positive Net Present Value (NPV), we need to determine the present value of the cash flows associated with the contract.
Step 1: Calculate the present value of the contract:
To find the present value, we discount each cash flow by the discount rate (12.4%) over the 5-year period. Since the contract is worth $1.18 million per year, we need to discount each year's cash flow separately.
Year 1: $1.18 million / (1 + 0.124)^1
Year 2: $1.18 million / (1 + 0.124)^2
Year 3: $1.18 million / (1 + 0.124)^3
Year 4: $1.18 million / (1 + 0.124)^4
Year 5: $1.18 million / (1 + 0.124)^5
Step 2: Sum up the present values:
Add up the present values of all the cash flows to calculate the total present value.
Step 3: Determine the maximum purchase price:
The maximum purchase price of the equipment is the amount that, when subtracted from the total present value, will still result in a positive NPV. In other words, it is the maximum amount you can pay for the equipment while achieving the desired 12.4% annual return.
Step 4: Round the result:
Finally, round the maximum purchase price to two decimal places.
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The maximum amount you can pay for the equipment and still have a positive NPV is $4.25 million. To determine the most you can pay for the equipment and still have a positive net present value (NPV), we need to calculate the NPV of the project.
Here's how you can calculate the NPV:
1. Calculate the present value (PV) of each annual cash flow for the 5-year period using the discount rate of 12.4%. The formula to calculate the PV is:
PV = Cash Flow / (1 + Discount Rate)^n
Where:
- Cash Flow is the annual cash flow ($1.18 million)
- Discount Rate is the discount rate (12.4%)
- n is the number of years
2. Add up the present values of all the cash flows to get the total present value (TPV) of the project.
3. Subtract the initial investment (the cost of the equipment) from the TPV to get the net present value (NPV).
Since we want to have a positive NPV, we need to find the maximum amount you can pay for the equipment that would result in a positive NPV.
Let's calculate the NPV:
PV1 = $1.18 million / (1 + 0.124)^1 = $1.05 million
PV2 = $1.18 million / (1 + 0.124)^2 = $0.94 million
PV3 = $1.18 million / (1 + 0.124)^3 = $0.84 million
PV4 = $1.18 million / (1 + 0.124)^4 = $0.75 million
PV5 = $1.18 million / (1 + 0.124)^5 = $0.67 million
TPV = PV1 + PV2 + PV3 + PV4 + PV5
= $1.05 million + $0.94 million + $0.84 million + $0.75 million + $0.67 million
= $4.25 million
Now, let's solve for the cost of the equipment (E) that would result in a positive NPV:
NPV = TPV - E
Since we want NPV to be positive, we set NPV greater than zero and solve for E:
0 = $4.25 million - E
E = $4.25 million
Therefore, the maximum amount you can pay for the equipment and still have a positive NPV is $4.25 million.
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How important are signs.symbols and designs in relation to carpentry?if you do not have access to internal.you may answer based on your opinion
Answers
Answer:
Symbols—such as gestures, signs, objects, signals, and words—help people understand that world. They provide clues to understanding experiences by conveying recognizable meanings that are shared by societies.
Explanation:
I HOPE IT HELPS PO...☺️☺️☺️I don't have moey. What is the best job to get when you're in middle school?
Answers
Answer:
You can work at publix as a cashier. They acept 14 year olds. And ur in 8th grade as 14 which is in middle school.
Explanation:
This is the best job u can get as a kid
also brainlist me pls
Define careere pleaseeeeeeeeee
Answers
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
Metro General is a municipally-owned and operated hospital and a component unit of Metro City. In 2007, the hospital received $7,000 in unrestricted gifts and $4,000 in unrestricted bequests. The hospital has $800,000 in long-term debt and $1,200,000 in fixed assets.
The hospital has transferred certain resources to a hospital guild. Substantially, all of the guild's resources are held for the benefit of the hospital. The hospital controls the guild through contracts that provide it with the authority to direct the guild's activities, management, and policies.
The hospital has also assigned certain functions to a hospital auxiliary, which operates primarily for the benefit of the hospital. The hospital does not have control over the auxiliary.
The financial statements of the guild and the auxiliary are not consolidated with the hospital's financial statements. The guild and the auxiliary have total assets of $20,000 and $30,000, respectively.
Before the hospital's financial statements were combined with those of the city, the city's statements included data on one Special Revenue Fund and one Enterprise Fund.
The city's statements showed $100,000 in Enterprise Fund Long-Term Debt, $500,000 in Enterprise Fund Fixed Assets, $1,000,000 in General Long-Term Debt, and $6,000,000 in General Fixed Assets.
What account or accounts should be credited for the $7,000 in unrestricted gifts and the $4,000 in unrestricted bequests?
A. Operating Revenue $11,000
B. Nonoperating Revenue $11,000
C. Operating Revenue $ 7,000
Nonoperating Revenue $4,000
D. Nonoperating Revenue $ 7,000
Operating Revenue $4,000
Answers
The account or accounts that should be credited is B. Nonoperating Revenue $11,000
Based on the information given the account or accounts that should be credited is Nonoperating Revenue with the amount of $11,000.
Calculated as:
Nonoperating Revenue=Unrestricted gifts +Unrestricted bequests
Nonoperating Revenue=$7,000+$4,000
Nonoperating Revenue=$11,000
Hence:
Nonoperating Revenue are amount or income generated that are not part of company or organization Operating activities
Inconclusion The account or accounts that should be credited is B. Nonoperating Revenue $11,000.
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A company is said to have a competitive advantage over its rivals when its profitability is greater than the average profitability and profit growth of other companies competing for the same set of customers. The top four fast food companies in Australia are McDonald's, KFC Hungry Jack's, and Domino's Pizza. Choose one company out of the top four restaurants and discuss its competitive advantages.
Answers
Among the top four fast food companies in Australia (McDonald's, KFC, Hungry Jack's, and Domino's Pizza), McDonald's is chosen to discuss its competitive advantages.
McDonald's has several competitive advantages that have contributed to its success and profitability. One key advantage is its strong brand recognition and global presence. McDonald's is a well-established and highly recognized brand, which gives it a significant advantage in attracting customers and building customer loyalty. Another competitive advantage of McDonald's is its focus on operational efficiency and consistency. The company has developed streamlined processes and systems to deliver fast and consistent service across its locations. This operational efficiency helps McDonald's maintain low costs and high productivity, resulting in better profitability compared to its rivals. Furthermore, McDonald's invests heavily in research and development to innovate its menu offerings, adapt to changing consumer preferences, and introduce new products.
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Using the accounting equation (A = L + OE) calculate the amount of equity the company has if your assets are worth $10,000 total, while your debt is $5,000.
Answers
Answer:
$5,000
Explanation:
The Equation (A = L + OE) is the accounting equation that guides in preparing a balance sheet. The equation in full is
Assets = Liabilities + Owners Equity.
In this case
Assets = $10,000 , liabilities = $5,000, equity = ?
$10,000 = $5000 + Equity
Equity = $10,000 - $5,000
Equity = $5,000
A jet engine has 10 components in series. The average reliability of each component is 0.998. What is the reliability of the engine?
Answers
Answer:
98%
Explanation:
RE = RC1 * RC2 * ....... * RC10:.RE = Reliabilility of the Engine & RC = Reliability of the Components
RE = 0.998 * 0.998 *........ * 0.998
RE = (0.998)^10
RE = 0.9802
RE = 98.02%
Thus, the Reliability of Engine is 98% approximately.
the process of creating a profile of your ideal customer for the purposes of developing a marketing strategy is known as what?
Answers
The creation of a buyer persona is the process of constructing a profile of your ideal client for the purposes of designing a marketing plan.
A buyer persona is the research-based profile of a target consumer. Buyer personas describe the traits of your ideal customers, including their everyday activities, issues they face, and methods of decision-making. Buyer personas enhance your inbound marketing strategies. The sales procedure has been simplified. They can also improve the assistance for both goods and customers. This guide walks you through creating buyer personas and shows you exactly how to create your own personas for use in inbound marketing campaigns. The ideal client is portrayed by a buyer persona. It is a semi-fictional representation of your ideal customer that is based on market research and real information about your current customers. A marketing persona, customer persona, or audience persona are other names for it.
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