Active listening is a critical skill that involves being fully present and engaged with the speaker.
Holding judgment: This involves refraining from forming opinions or making assumptions about what the speaker is saying, and instead, keeping an open mind.
Paying attention: This involves focusing on the speaker, avoiding distractions, and giving them your full attention.
Summarizing: This involves paraphrasing or summarizing what the speaker has said to show that you have understood their message.
Sharing: This involves expressing your own thoughts, opinions, or feelings in response to the speaker's message.
Reflecting: This involves thinking about the speaker's message and its meaning, and considering how it might relate to your own experiences or perspectives.
Clarifying: This involves asking the speaker questions to ensure that you have understood their message accurately and to seek additional information.
Most relevant step:
Holding judgment: Before engaging in active listening, it is important to set aside any biases or judgments that might prevent you from fully understanding the speaker's message.
Paying attention: This is the first step in active listening, as it is important to be fully present and focused on the speaker in order to understand their message.
Summarizing: After paying attention, it is important to summarize the speaker's message to show that you have understood it and to ensure that there is no miscommunication.
Sharing: After understanding the speaker's message, it can be helpful to share your own thoughts, opinions, or feelings in response.
Reflecting: After sharing, it is important to reflect on the speaker's message and consider its meaning, in order to gain a deeper understanding.
Clarifying: Finally, it is important to clarify any misunderstandings by asking questions or seeking additional information, in order to ensure that the communication has been effective.
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Feed the Hungry Children, a (fictitious) not-for-profit tax-exempt entity under IRC Sec. 501(c)3, has been in operation for six years. The mission of the group is to provide healthy breakfast meals to children in inner city schools, so they can best learn. A wealthy local philanthropist has been meeting with the organization hoping to change the direction of the organization in return for a $1,000,000 permanent endowment donated to the group. While these negotiations were taking place this year, the organization suspended its normal operations. The draft of the Form 990 for this fiscal year shows 0 revenues and 0 expenses for this fiscal year and penciled in is a $1,000,000 gift from the philanthropist. The treasurer of the Board is drafting the Schedule A for the Form 990 in preparation for reporting to the Board whether the organization's status has changed form a public charity to a private foundation. Go to the www.irs.gov website and obtain Form 990, Schedule A. In your own words, construct an argument to support why this tax-exempt entity is still a public charity.
Despite the suspension of normal operations and the potential $1,000,000 gift from a wealthy local philanthropist, there is still an argument to support that Feed the Hungry Children, the not-for-profit tax-exempt entity, remains a public charity.
1. Review the requirements for a public charity: According to IRC Sec. 501(c)3, a public charity must receive a substantial part of its support from public contributions and grants and be organized and operated for charitable purposes.
2. Examine the mission and purpose: Feed the Hungry Children's mission is to provide healthy breakfast meals to children in inner city schools, with the aim of helping them learn better. This aligns with a charitable purpose focused on improving the well-being of children and promoting education.
3. Consider the organization's history: Feed the Hungry Children has been in operation for six years, consistently providing healthy breakfast meals to children in need. Its long-standing commitment to charitable activities demonstrates a track record of serving the public interest.
4. Evaluate the potential gift: The $1,000,000 gift from the local philanthropist, although substantial, does not automatically change the organization's status from a public charity to a private foundation. The organization's eligibility is determined by its overall sources of support, not a single donation. If the gift does not significantly alter the public support test, Feed the Hungry Children can still maintain its public charity status.
5. Analyze the Form 990, Schedule A: The treasurer of the Board is preparing the Schedule A for the Form 990, which provides information about the organization's public support and support schedule. By reviewing this form, it will be possible to determine whether the organization's public charity status has changed or if it still meets the required criteria.
6. Document the argument: Compile the findings from the review, emphasizing the organization's charitable purpose, its history of serving the public, and the evaluation of the potential gift's impact on public support. Present these points in a well-structured and persuasive argument to support the conclusion that Feed the Hungry Children remains a public charity.
It is important to consult with legal or tax professionals for accurate and specific advice in interpreting tax laws and regulations related to the organization's status.
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Trapper Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 205,000 shares of stock outstanding. Under Plan II, there would be 155,000 shares of stock outstanding and $3.1 million in debt outstanding. The interest rate on the debt is 8 percent, and there are no taxes. What is the break-even EBIT?
The debt has an interest rate of 8% and there are no taxes. Break-even EBIT is $180,000.
The capital structure is the mix of the sources of money that a corporation uses to sustain its capital. Capital sources include equity, loans, retained earnings, and so on. Firms strive to create a capital structure that has the lowest cost of capital while providing the most value to the firm.
To calculate the break-even EBIT for two distinct capital structures, we set the EPS equations equal and solve for EBIT.
EBIT at break-even is
EBIT / 150,000 = [EBIT - .05 × ($1,200,000)]/100,000
EBIT / 150,000 = [EBIT - 600,000 ] / 100,000
EBIT × 10 = 15 × [EBIT - 600,000]
10 EBIT = 15 EBIT - 9,000,000
15 EBIT - 10 EBIT = 9,000,000
5 EBIT = 9,000,000
EBIT = 9,000,000 / 5
EBIT = $180,000
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________ commerce involves the payment of a fee to have products and services delivered on a recurring schedule.
Answer: Subscription
Explanation:
Subscription commerce involves the payment of a fee to have products and services delivered on a recurring schedule.
What is Subscription Commerce?Subscription commerce is a type of business model that allows a customer to pay at intervals a recurring price in order to have access to a product or service.
In subscription commerce, a customer must renew his subscription otherwise, he wouldn't be allowed access to the product or service. This payment must be made at intervals.
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155 million people were working in the US in 2016. If 42% of all people working were baby boomers, how many were working in 2016? If 15% of the baby boomers retire within 10 years, how many jobs will this represent from 2016 employment?
Answer:
65,100,100 baby boomers were working: 6.3 %
Explanation:
In 2016, 155,000,000 people were working.
42 percent were baby boomers,
The actual number of baby boomers were
= 42/100 x 155,000,000
=0.42 x 155,000,000
=65,100,100 baby boomers were working
If 15 percent of baby boomers were to retire in 10 years
The number ow retirees will
=15% of 65,100,100
=15/100 x 65,100,100
=0.15 x 65,100,100
=9, 765,015
As a percentage of the number of people working in 2016
= 9, 765,015/155,000,000 x 100
=0.0630000 x 100
=6.3 %
Victorinox is the name of the company that manufactures Swiss army knives. The _____ channel the company utilizes to get its knives to market is to wholesalers, than to retailers, and finally to consumers.
promotional
service
consumer
industrial
distribution
Answer:
Explanation:
Distribution channel is how you products to consumers.
The distribution channel the company utilizes to get its knives to market is to wholesalers, then to retailers, and finally to consumers. Thus the correct option is E.
What is a Distribution channel?A distribution channel is referred to as a pathway followed to deliver the goods to final consumers. These channels are associated with different levels based on the demands of the goods in the market.
The wholesaler buys large quantities of products from the manufacturer and resells them to retailers in smaller quantities. The vital work that wholesalers do is essential to the efficient exchange of information, ownership, and commodities.
Retail refers to the practice of purchasers purchasing goods and selling them directly to consumers, as opposed to suppliers or wholesalers. Between wholesalers and customers, retailers act as a middleman.
Therefore, option E is appropriate.
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John Cotton is an employee at Radiance Senior Living. He received the following benefits from his employer during 2021 on the company’s location for company purposes:Personal protective equipment: $140 per monthEmployer-provided cell phone: $80 per monthMeals: $160 per month
What amount of these benefits is taxable for 2021?
The amount of these benefits that is taxable for 2021 is $1,680.
Benefits that is taxable for 2021The Benefits that is taxable for 2021 is Personal protective equipment of the amount of $140 per months.
Hence:
Taxable benefit=$140×12 months
Taxable benefit=$1,680
Therefore the amount of these benefits that is taxable for 2021 is $1,680.
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Who sets the amount or rate of real estate commissions?
Answer:
q
Explanation:
LinkedIn Prospecting?
Answer:
Sales prospecting is what it sounds like: Sifting through a mountain of businesses and individuals to uncover the prospects who are most likely to convert into paying customers with a little effort, like a miner panning for gold. Like prospecting for gold, it takes a lot of time.
#CarryOnLearning
Answer:
For most B2B marketers, social selling on LinkedIn is a way of life. When it comes to generating leads, LinkedIn tops the B2B marketer’s best friends list for social prospecting and running outreach campaigns. This is what LinkedIn automation tools have been designed for – to perform all these actions automatically and ramp up your lead generation efforts.
What is the sales prospecting?
Prospecting on LinkedIn is simply equivalent to cold outreach practices. Most commonly, LinkedIn sales prospecting includes:
Using advanced filters to find a targeted audience Powerful social selling campaigns Sending highly-personalized connect requests Sending personalized messages and InMail Joining relevant LinkedIn groups Using LinkedIn automation tools for outreach LinkedIn prospecting can be extremely powerful to generate new business opportunities for you if done right.
LinkedIn Automation Tools For Prospecting
When it comes down to effective prospecting to generate leads, most of the B2B marketers and other professionals use prefer to use automation tools. Advanced automation tools come with powerful features that perform all the functions mentioned above.
1. 48% of B2B marketers acknowledged that automation tools are effective for prospecting
2. More than 80% of the startups and small companies are using automation tools for prospecting
3. Business that use advanced automation told for prospecting has seen significant growth of 12% in the sales pipeline.
Best Tips for LinkedIn Sales Prospecting
Find the right prospects to connect withUse personalizationTry using sales navigatorKeep Your pending requests list clearUse only the right LinkedIn automation toolsMany governments around the world attempt to improve the incomes of commodity producers by taking steps to increase the commodity price in the domestic market. Although this may reduce quantity demanded for the product, the action may be effective because:
Answer:
This action may be effective because commodity demand tends to be inelastic, so the higher prices may result in higher income for commodity producers, at least in the short term.
Explanation:
Essential commodities such as basic food items, gasoline, electricity, water, and other utilities, tend to have an inelastic demand simply because consumers cannot go without them, and they tend to prioritize these commodities over other goods and services.
This means that the higher prices caused by government intervention do not necessarily result in less demand, and the same amount of people buying the same amount of commodities at a higher price simply means a higher sales revenue for commodity producers.
Can I use MemberPress to create and sell online courses?
Answer:Absolutely! the MemberPress Courses Add-on is built right in and is included as part of MemberPress. No separate download is required. And the 100% visual builder is super simple to use
https://memberpress.com/myohoguy/home
Explanation:
I have been using this for a while now so you can easily create and sell online courses
Answer:
Yes you can do this on Memberpress because you can offer a lot of different topics and sell online courses using this platform
Explanation:
Which is considered a dwelling coverage?
A. It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry and all other material goods not part of or permanently attached.
B. It is coverage for personal property, liability and loss of use.
C. It provides financial protection in case someone else is hurt and/or injured on your property for which you are found liable.
D. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
Property and Automobile Insurance Quick Check
Answer: 1. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
2. liability coverage
3. It provides financial protection for all of the objects in your home.
4. It covers injury or death to others caused by the named driver or named car.
5. property damage liability
Explanation: I took the same quick check and got 100%, hope this helps someone!
4/6/2023
It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry, and all other material goods not part of or permanently attached is considered a dwelling coverage. The correct option is A.
What is called dwelling?A permanent building or structurally independent portion of one, such as a detached house or flat, that was built or changed with the intention of being inhabited by a single household is referred to as a dwelling.
It doesn't cover the land or the possessions inside the house. just the building. It is "Coverage A" under a homeowner's policy. Now, installed fixtures like cabinets and countertops as well as permanently attached appliances that are connected to public utilities, such as some stoves or a water heater, are covered by dwelling insurance.
Thus, the ideal selection is option A.
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Al-Baida wants to buy a new machine with special purposes for an amount $ (1) million for the production of a product, and the economic life of the machine is (10) years, bearing in mind that there is no residual value for the machine at the end of its useful life. The company adopts the straight-line method in calculating the depreciation, and it is expected that the annual revenues from operating the machine will be 1,200,000 ID, and the annual expenses excluding taxes, (700,000 ID. If you know that the company adopts a discount rate of 12% The income tax rate is 30% for all years. Required: Calculate the following: .1. payback period. 2. Rate of accounting return on investment.
1. Payback period will be 2 years.
2. The rate of accounting return on investment for the machine is 35%.
To calculate the payback period, we need to determine the number of years it takes for the company to recover the initial investment of $1 million.
Step 1: Calculate the annual net cash flow.
Annual net cash flow = Annual revenues - Annual expenses excluding taxes
Annual net cash flow = $1,200,000 - $700,000 = $500,000
Step 2: Determine the payback period.
Payback period = Initial investment / Annual net cash flow
Payback period = $1,000,000 / $500,000
Payback period = 2 years
Therefore, the payback period for the investment in the machine is 2 years.
To calculate the rate of accounting return on investment, we need to determine the average annual net income generated by the investment.
Step 1: Calculate the average annual net income.
Average annual net income = (Annual revenues - Annual expenses excluding taxes) * (1 - Tax rate)
Average annual net income = $500,000 * (1 - 0.30)
Average annual net income = $350,000
Step 2: Calculate the rate of accounting return on investment.
Rate of accounting return on investment = Average annual net income / Initial investment * 100
Rate of accounting return on investment = $350,000 / $1,000,000 * 100
Rate of accounting return on investment = 35%
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The board of directors of Herbalife Nutrition approved a 2-for-1 stock split. After the split, how many shares of Herbalife stock will an investor have if he owned 1,020 shares before the split
If the board of directors of Herbalife Nutrition approved a 2-for-1 stock split. After the split, the number of shares of Herbalife stock will an investor have if he owned 1,020 shares before the split is:2,040 shares.
Using this formula to find the number of shares
Number of shares before the split = Number of shares owned × Stock split
Let plug in the formula
Number of shares before the split = 1,020 shares × 2/1
Number of shares before the split = 2,040 shares
Therefore we can conclude that the number of shares before the split is 2,040 shares.
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Allen deposits $2,000 in his local bank. He earns 2 percent interest each year on his deposit. Jessica borrows $1,000 from the same bank. She is charged a 7 percent interest rate on the borrowed money. How do these bank practices affect the money supply in the community?
A. In Allen's case, but not Jessica's, the money supply decreases.
B. In both Allen's and Jessica's cases, the money supply decreases.
C. In Jessica's case, but not Allen's, the money supply stays the same.
D. In neither Jessica's nor Allen's case does the money supply increase.
Answer:
A is the correct answer,
Explanation:
I got it right on the test
In your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your:
Group of answer choices
turnover.
point-of-sale.
rate of return.
return on interest.
If in your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your: C. rate of return.
What is rate of return?Rate of return can be defined as the gain or loss a person make on their investment and the rate of return is in a form of percentage.
In a situation where a person who invest his/her money into a business make a profit of 110% of the amount the person invested after two to three years this is called a rate of return.
Therefore the correct option is C.
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Changes in the market environment impact _____
how competitive the marketplace is
how many offerings are available
how many marketing communication channels are used
how consumers behave
Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.
Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.
Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.
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Advise the management of ABC Ltd.
about the various groups that can
be created in an organisation
= Effective group, Formal group, Informal group
Explanation:
Effective group, Formal group, Informal group is the correct answer
The management of ABC Ltd. can create various groups in an organization like Effective group, Formal group, Informal group .
What is an organization?An organization refers to a collection of people, who are involved and work together in pursuing or achieving a defined objectives. It is a type of social system which comprises human relationships in a forma manner.
In organization there is division of work among employees and the tasks are given so that the ultimate goal of the company or an organization can be achieved.
An organization has a proper hierarchy of people and follow a proper formal structure to achieve the goals of the organization.
The management of ABC Ltd. can create various groups in an organization like Effective group, Formal group, Informal group .
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Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour.
Answer:
When the demand for French bread rises, the price of French bread will likely increase as well. This means that the quantity of French bread that sellers are willing and able to sell at each price will increase. As a result, the total amount of revenue that sellers of French bread receive will increase, which means that producer surplus in the market for French bread will increase.
In the market for flour, the increase in demand for French bread may lead to an increase in the price of flour. This is because the increased demand for French bread will likely increase the demand for flour as well, since flour is a key ingredient in making French bread. As the price of flour increases, the producer surplus in the market for flour will also increase.
It's worth noting that the exact change in producer surplus in the market for flour will depend on the elasticity of supply of flour. If the supply of flour is relatively inelastic, the increase in price will result in a larger increase in producer surplus, whereas if the supply of flour is more elastic, the increase in price will result in a smaller increase in producer surplus
The City of Houghton enacted an ordinance that forbids religious groups from distributing religious materials within the city limits of Houghton unless the distributor is granted a permit. Other types of materials can be distributed without a permit. What concerns do you have about the constitutionality of this ordinance?
The concerns that have about the constitutionality of this ordinance are Freedom of Religion, Content-Based Restrictions, Prior Restraint, Equal Protection and Unfettered Discretion.
Here are a few major concerns:
Religious Freedom: The First Amendment to the United States Constitution provides religious freedom, which includes the right to practise and express one's religious views. Content-Based limitation: By treating religious materials differently from other types of materials, the ordinance appears to impose a content-based limitation on communication. Prior constraint: Requiring religious organisations to seek a licence before disseminating religious materials is a type of prior constraint on speech. Equal Protection: If the ordinance treats religious groups differently than other groups or items, it may raise questions regarding legal equality. Unrestricted Discretion: If local officials have unrestricted discretion in choosing who gets a permit, there is a possibility of viewpoint discrimination or bias.For such more question on Restrictions:
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What advice would you give David to help him communicate ethically and responsibly? Check all that apply
Answer:
1 jawaab
Scenario David Ortega works for WebLINE, a web hosting and design company. One of his clients, a musician named Harry Gorman, is posting copyrighted material ...
you are the manager of a firm that receives revenues of $60,000 per year from product X and $100,000 per year from product Y. The own price elasticity of demand for product X is −2, and the cross-price elasticity of demand between product Y and X is 1.5. How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Firm's total revenues will change to $600 if you increase the price of good X by 2 percent
Price elasticity of demand = percentage change in quantity demanded / percentage change in price −2 = percentage change in quantity demanded / 2% percentage change in quantity demanded = --2 x 2% = -4% The quantity demanded of good X would fall by 4% Revenue would change by -0.04 x $60,000= -$2400 Cross price elasticity of demand measures the responsiveness of quantity demanded of good Y to changes in price of good X. 1.5 = percentage change in quantity demanded of good Y / 2% percentage change in quantity demanded of good Y = 1.5 x 2% = 3.0% The quantity demanded of good Y would increase by 3.0% Revenue would change by 0.030 x $100,000= $3000 Total change = -$2400+ $3000=$600
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Identify what constitute the combination of traits, which result from the interaction of genes and environment.
O personality
O locus of control
O ethnocentrism
O perception
Answer:
Personality
Explanation:
the combination of traits, which result from the interaction of your genes and your environment, they constitute your personality.
The personality from the interaction of genes and environment.
What is combination of traits?It could involve anything from managing a team of people to swaying opinions and guiding an organization's development.
Whatever your personal definition of leadership may be, we can all agree on one thing: Great leaders regularly exhibit certain characteristics as opposed to mediocre ones.
Effective leaders play a critical role in ensuring that people are inspired, engaged, and properly prepared to provide their best work at all levels of a business.
Therefore, The personality from the interaction of genes and environment.
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"Patricia, a training manager, is making a presentation to her company's business leaders. She says meeting the company's five-year plan will require skills in using some new technology. Employees and their supervisors are eager to learn, but Patricia says some situational constraints are standing in the way of meeting these objectives. What could be such a constraint?"
Answer: the company has not budgeted sufficient funds for training
Explanation:
The options for the question are:
a. supervisors don't praise employees for learning.
b. supervisors don't tell their employees about the training that is available supervisors don't believe training is relevant
c. employees have a negative attitude toward training.
d. the company has not budgeted sufficient funds for training.
Situational constraints are simply referred to as factors which impacts on an individuals performance and behavior negatively in such a way. That such individual isn't motivated to achieve a particular goal.
With regards to the question, the situational constraint can be that the company has not budgeted sufficient funds for training. This will affect the training as not enough workers can be trained.
The coupon rate on a debt issue is 9%. If the yield to maturity on the debt is 8%, what is the after-tax cost of debt in the weighted average cost of capital if the firms tax rate is 35%?
The after - tax cost of debt, based on the firm's tax rate and the yield to maturity is 5.2 %
How to find the after - tax cost of debt?The after - tax cost of debt refers to the interest rate paid on the debts that a company has, after the tax has been adjusted for. This is an important rate because debt is a tax deductible expense.
The after - tax cost of debt is found by the formula:
= Cost of debt x ( 1 - tax rate)
The cost of debt is the yield to maturity.
The after - tax cost of debt is:
= 8 % x ( 1 - 35%)
= 5.2%
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Question 2
What is the 360 Deal?
O Record company control all aspects of the artist's career
O Record company share all their profits with the artist
O Record company sees everything
O Record company works 360 days a year
The 360 Deal is a Record company share all its profits with the artist. Option B
What is the 360 Deal?Generally, A 360 deal is a type of contract between a record label and an artist in which the label takes a percentage of the artist's income from various sources, such as album sales, touring, merchandising, and other business ventures.
This is in contrast to traditional record deals in which the label only takes a percentage of album sales. The label typically assumes a more active role in managing the artist's career and overseeing various aspects of their business, hence the name "360" deal.
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Why is it important to demonstrate a positive work attitude in the workplace?
to be seen as trustworthy and reliable
to be seen as coachable and flexible
to be seen as willing to delegate tasks
to be seen as easily persuadable
Answer:
To be seen as trustworthy and reliable
Explanation:
Cause in a working environment, you want to be known as a trustworthy, and reliable worker. Which allows you to have much more career possibilitties.
Answer:
A. to be seen as trustworthy and reliable
Explanation:
i just took the test
Moath Company reports the following for the month of June.
Date
Explanation
Units
Unit Cost
Total Cost
June 1 Inventory 200 $5 $1,000
12 Purchase 400 6 2,400
23 Purchase 300 7 2,100
30 Inventory 100
Assume a sale of 440 units occurred on June 15 for a selling price of $8 and a sale of 360 units on June 27 for $9.
Calculate cost of goods available for sale.
The cost of goods available for sale = $
$Entry field with incorrect answer
Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.)
June 1
$Entry field with correct answer
June 12
$Entry field with correct answer
June 15
$Entry field with correct answer
June 23
$Entry field with incorrect answer
June 27
$Entry field with incorrect answer
Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to 0 decimal places, e.g. 1,250.)
FIFO
LIFO
Moving-Average Cost
The cost ending inventory
$Entry field with incorrect answer
$Entry field with incorrect answer
$Entry field with incorrect answer
The cost of goods sold
$Entry field with incorrect answer
$Entry field with incorrect answer
$Entry field with incorrect answer
Answer:
a. Cost of good available for sale = $5,500
b. Moving average unit cost for :
June 1 = $5
June 12 = $3.4
June 15 = $3.4
June 23 = $5.55
June 27 = $3.6
Explanation:
a.
Date Explanation units Unit cost
Total cost Moving average cost
June 1 Inventory 200 $5
$1,000 $5
12 Purchase 400 $6
$2,400 $3.4
15 Sale 440 $8
$3,520 $3.4
23 Purchase 300 $7
$2,100 $5.55
27 Sale 360 $9
$3,240 $3.6
30 Inventory 100
Cost of goods available for sale =
Cost of beginning inventory + Cost of purchases
= $5,500 + ( $1,000 + $2,400 + $2,100)
b. Moving average unit cost for :
June 1 : Cost of goods available / Units of goods available = $5 ($1,000/200)
June 12: Cost of goods available / Units of goods available = $3.4 ($1,000 + $2,400/$1,000)
June 15 : Cost of goods available / Units of goods available = $3.4 ($340/100)
June 23 : Cost of goods available / Units of goods available = $5.55 ($340 + $2,100) / 440
June 27 : Cost of goods available / Units of goods available =$3.6 ($360/100)
When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay raise, leading to an increase in his annual income. As a result of his pay raise, John decides to drive wherever he goes instead of riding the bus. This behavior would indicate that to John, a bus ride is a(n)_________good.a. ceteris paribus b. complementary c. Inferior d. normal
Answer:
An inferior good
Explanation:
An inferior good is a good whose demand decreases with consumer's increase in income. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.
The opportunity cost of going to college is
The opportunity cost of going to college is the cost of tuition, any associated costs, and any income, experience, to add on to other college expenses.
What is opportunity cost?
The potential profit lost from a missed chance is referred to as the “opportunity cost” and is the result of selecting one option over another.
The opportunity cost of the college are tuition, room, books, foods, dress, footwear, and other expenses are also included. The opportunity cost is always increases.
As a result, the opportunity cost are to go to the college as tuition fees, books, rent on hostel, and food etc.
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gross domestic product includes the values of only final goods and services.
true or false