Economists normally assume that the goal of a firm is to Group of answer choices maximize its total revenue. minimize its explicit costs. minimize its total cost. maximize its profit.

Answers

Answer 1

Economists normally assume that the goal of a business firm is to: D. maximize its profit.

Profit can be defined as an amount of money that is generated by an individual or a business firm when the manufacturing cost is deducted (subtracted) from total revenue.

Generally, economists usually consider the maximization of profit as the goal of a business firm.

In this context, economists usually assume that the goal of a business firm is to earn:

Profits as large as possible, even if it has to reduce its level of production.Profits as large as possible, even if it has to incur a higher total manufacturing cost.

Read more: https://brainly.com/question/25087943


Related Questions

When calculating a loan effective interest rate, if the nominal rate is 8. 5%, what value of i do you plug into your equation? a. 8. 5 b. 0. 85 c. 0. 085 d. 1. 85 Please select the best answer from the choices provided A B C D.

Answers

The value I would plug into the equation is 0.085.

The effective interest rate is the interest rate a borrower actually pay on a loan. It is determined by restating the nominal interest rate.

The formula used in determining the effective interest rate is: (1 + n [tex])^{m}[/tex] - 1

Where:

n = nominal interest rate

m = number of compounding

For example, if  nominal interest rate is 8.5% and the number of compounding is 2, the  effective interest rate is: (1.085)² - 1 = 17.72%

A similar question was answered here: https://brainly.com/question/2587724

Which sales tactic offers potential customers the opportunity to try a product or service before they make a buying decision

Answers

Trial period of a product or service such as 7 days free with the option to cancel within the 7 days or continue the service

How do fast-food restaurants rationalize the process of providing food to customers, according to Robin Leidner in Fast Food, Fast Talk

Answers

According to Robin Leidner, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.

There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.

Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.

Learn more about standardization here:

https://brainly.com/question/8189591

Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.

Answers

1098-T form is a U.S tax form for students or parents to obtain a tax credit on the amount of fee paid during an educational term or semester or year.

This form determines if the students or their parents qualify for the tax credit.

Yes Dana is eligible for her tax credit as her expenses are greater than $ 4000. For this she will receive $2500

If the scholarships exceed the amount of the educational fee then a tax credit has to be recalculated on a certain amount.

The first box is to be filled by the student's name (Dana) in this case, her address and  her contact number.

The other boxes are to be filled with the filler and social security numbers as asked.

The no 1 box gives the tuition fees received and box 2 gives the tuition fees billed.

The box 3 has to filled if any change is made by the institution in billing amount.

The other boxes are filled similarly and the form is submitted to the IRS and the copy is kept with the student.

In the given question only 3 pieces of information are given .

Name : Dana

Amount Received : $ 16,467

Scholarship Received: $ 1500

These are already filled in the form.

Educational tax credit covers up to 100% of the first $2000 of the educational expenses and 25% of the next $ 2000 expenses.

It can be filed if the parent's income is up to $ 80,000 in the year 2020.

Yes Dana is eligible for her tax credit as her expenses are greater than $ 4000. For this she will receive $2500

https://brainly.com/question/19263871

Answer:2500

Explanation:

Hilton Corp. has revenues of $1,214,800, costs of $816,355, and pays a tax rate of 32 percent. If the firm pays out 50 percent of its earnings as dividends every year, what is the amount of retained earnings

Answers

Answer:

its $133,471.30

Explanation:

1. An advantage of gig work is...
A. constant workload
B. flexible work hours
C. paid sick leave
D. reliable income

2. A business that is owned by a larger company but licensed to an individual, allowing them to conduct business in the company's name, is known as
A. a branch
B. a division
C. an exchange
D. a franchise

Answers

An advantage of gig work is flexible work hours. A business that is owned by a larger company but licensed to an individual, allowing them to conduct business in the company's name, is known as a franchise.

Those who seek to combine work and home life or who have other responsibilities may find that gig employment, which often gives workers greater freedom over their schedule and allows them to work on a project basis, is suitable. Nevertheless, as these are not typically guaranteed in gig arrangements, they might not offer a steady workload, paid sick time, or dependable income.

A franchise system allows for the use of a franchisor's business model, brand, and support networks in exchange for an upfront fee and recurring royalties paid by the franchisee to the franchisor in the franchise. Although the franchisee runs their business independently, they are required to abide by certain standards and regulations imposed by the franchisor.

Gig work is a word used to describe income-generating activities that don't include regular, ongoing employer-employee interactions. Companies are increasingly offering temporary employees short-term work, and the employees—known as gig workers—accept these gigs.

To learn more about franchise, click below:

https://brainly.com/question/29845631

#SPJ1

Answer: It is flexible work hours and reliable income... But it is most likely B

Explanation: Sorry if this is wrong but I am 99 percent sure it is B

Lexon Corp. produces high-nutrition breakfast products. As it enters into foreign markets, it faces strong pressures for both reducing costs and adapting products for local markets. Based on this, the company should use a

Answers

Since the company faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.

A transnational strategy simply refers to a business structure where the global business activities of a company are coordinated through cooperation and interdependence between the head office and local subsidiaries.

Since Lexon Corp faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.

Read related link on:

https://brainly.com/question/25630852

During the ________ stage of system development, systems tests are evaluated by users and reviewed by management.

Answers

Answer:

acceptance testing

Explanation:

________ is the expectation that successful performance of the task will lead to the desired outcome. Multiple Choice Instrumentality Expectancy Valence Effort

Answers

Expectancy can be described as the expectation that successful performance of the task would lead to the desired outcome.

Expectancy gives a description of what the person believes that they can do. It is the belief of a person that the effort that they put into a task would help them to achieve performance goals.

The belief that this person has is usually based upon

Self confidencePrior experience

The theory explains that a person is going to be more motivated to perform if their past effort was recognized.

Read more on https://brainly.com/question/17166729?referrer=searchResults

what was the primary motivator for corporate giving, according to the national bureau of economic research?

Answers

Philanthropy is the primary reason for corporate giving, according to National Bureau of Economic Research.

Philanthropy shows that a corporation or business promotes the welfare of other people, by the establishment of regular charitable donations or creations of funds.  Philanthropy can be demonstrated by a corporation that makes out employee time to undertake mentoring and community development activities.

Thus, the art of corporate giving is motivated by philanthropic reasoning than political or religious.

Learn more: https://brainly.com/question/14193649

Most financial securities have some level of ________ risk. Multiple Choice unsystematic asset-specific diversifiable industry systematic

Answers

Based on financial analysis, Most financial securities have some level of asset-specific risk.

This is because asset-specific risk is a type of risk that is unique and common to financial securities.

Asset-specific risk is often referred to as Asset-backed risk, which, like any other financial risk, concerns the tendency of losing money.

Other types of risks associated with financial securities include the following:

Credit risk, Liquidity risk, Foreign investment risk, Equity riskCurrency risk

Hence, in this case, it is concluded that the correct answer is "Asset-specific risk."

Learn more about Asset-specific risk here: https://brainly.com/question/14785357

trini started a new office job and her supervisor trained her for the position. however, her supervisor was not an adequate trainer and left trini with more questions than answers. the supervisor told trini to take the stack of invoices and enter the order numbers, order amounts, and purchase price into the spreadsheet. the supervisor said to let trini to let her know when she was done entering the numbers so she could check trini’s work. trini worked diligently and entered the numbers into the spreadsheet exactly how they were printed on the invoices. when the supervisor reviewed the work, she told trini it was all incorrect. the order numbers had to have a department code attached, the order amounts had to have backorder amounts subtracted, and the purchase prices should not include sales tax. this supervisor lacks

Answers

Based on the information given, it can be deduced that the supervisor lacks an appropriate communication pattern, therefore, he lacks communication competence.

Communication competence simply means the degree to which the goals of a communicator are achieved through appropriate and effective interaction.

From the information given, it can be seen that the supervisor lacks an appropriate communication pattern, therefore, he lacks communication competence. His information isn't effectively passed to the subordinates.

Read related link on:

https://brainly.com/question/25590212

Use the word SMART goal in a sentence:​

Answers

Answer:

He was the smartest kid in the class because he knew how to solve the hardest math problem on the worksheet.

Explanation:

Shenzhen Co. Uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are ÂŁ420,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of ÂŁ1,500. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of ÂŁ740 instead of a credit balance of ÂŁ1,500, determine the amount to be reported for bad debt expense.

Answers

Based on the information given the appropriate journal entry to record bad debt expense for the year is:

a. Shenzhen Co. Journal entry

Debit Bad Debt Expense                         $2,700

Credit Allowance for Doubtful Accounts $2,700

[(1%×$420,000)-$1,500]

(To record bad debt expense)

b. Bad debt expense

Bad debt expense=[(1%×$420,000)+$740]

Bad debt expense=$4,200+$740

Bad debt expense=$4,940

Learn more here:https://brainly.com/question/16004484

Distinguish between Economic and Non-economic activities on the
basis of
(i) Purpose
(ii) Outcome

Answers

The difference between economic and non-economic activities can be drawn clearly on the following grounds:

An activity related to production and consumption of goods and services for economic gain is known as economic activities. An activity performed gladly, with the aim of providing services without any regard to monetary gain is known as the non-economic activity.Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc.The measurement of economic activities is in monetary terms, whereas non-economic activities lack money measurement.Economic activities have a pragmatic approach, in essence, it deals with things in a practical way. As against this, non-economic activities have an idealistic approach wherein more importance is given to human values instead of money.Economic activities result in creation and accumulation of wealth as they are done to earn profit. Unlike non-economic activities which result in mental satisfaction and happiness.Economic activities are very important for the economy as they add value to the country’s gross domestic product (GDP). As opposed to non-economic activities, which have no influence over country’s national income.

business founders hold equity. true or false

Answers

Answer: true

Explanation:

This is Pete's PPC curve for staying in touch with friends via phone vs. his weblog during one week. Pete plans to write four entries to his weblog. How many
conversations with friends can he have to efficiently use his time?
OO
01
04
06

Answers

To efficiently use his time, the number of conversations with friends Pete can have is 4.

The Production possibilities curve shows the different ways goods and can be combined so resources are fully utilised. The PPC is concave to the origin.

Points on the curve indicate efficient production.  Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources . Points inside the production possibilities curve means that the nations resources are not being fully utilised.

If Pete wants to write 4 blog entries, trace the 4 on the y-axis to the curve and trace it to the x-axis. Based on this, Pete can have 4 conversations with friends.

To learn more, please check:https://brainly.com/question/14293257

When additional stock is issued to finance implementation of strategy, the existing stockholders' ownership and control of the enterprise are strengthened.

Answers

There different ways to handle stocks. When additional stock is issued to finance implementation of strategy, the existing stockholders' ownership and control of the enterprise are strengthened. is a true statement.

Stock is often described as the ownership of the stockholders in a specific company. An individual or a company can holds shares. They are called shareholders of the company and holds voting rights in important matters.

The ownership of the stockholders will rise when the stock is issued as a part of the business strategy.

Learn kore about Additional stock from

https://brainly.com/question/24970862

When managing in a unionized environment, managers need to remember two words. Bilateral and.

Answers

When someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.

In a unionized work-environment, the employers must be enter an individual contracts with the employees since union is the bargaining agent for them.

In a unionized work-environment, the employees who are members of a union enjoys greater job security than the nonunion workers.

Hence, when someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.

Read more about unionized environment:

brainly.com/question/19360285

How do I take over the world

A. Giant Robot army
B. Convince the Government XD
C. Ally with larger armies
D. All of the above

Answers

Answer:

D. All of the above lol

Explanation:

because I say so

    Well, if you think logically, B is never the answer.

    I believe you are somewhat young, "XD" is a giveaway (Though I shouldn't assume your age, it's rude, my apologies). They will never let you take over the world, even if you may be convincing.

    A giant robot army would take a while to make, but plans take a while to make so you could consider it. It does depend on how many you would like to make. An army can consist of a few hundred, to a few hundred thousand, though in this case maybe a thousand may be useful.

    Ally with larger armies would be useful, you would get plenty of firepower, possibly all over the world. You should probably ally with armies in many countries, allowing you to cover as much ground as possible. This would take a while, though maybe not as long as the robot army.

    All of the above is most likely the best option, you can ally with larger armies and make that robotic army of yours, and you would have a few backup plans in case anything goes wrong.

So I would go with D, All of the above.

what is the name of the honor society for students in the ivy college of business?

Answers

The name of the honor society for students in the Ivy college of business is the Cardinal Key Honor Society.

The Cardinal Key Honor Society is simply a national organization for the students in American colleges and universities.

The honor society for students in the Ivy college of business is the Cardinal Key Honor Society. The Cardinal Key Honor Society is for the people who are seen as leaders in the college and community. They are also seen as potential leaders in the future.

Read related link on:

https://brainly.com/question/25586106

Which company makes more money? Gucci, which makes a Profit of $75.00 per belt sold, or Wal Mart which makes $0.62 per belt sold? Explain your answer…

Answers

Answer:

Probably Walmart. Considering the price is so low for Walmart, more people are likely to buy it. Therefor the value will drop.

Explanation:

Write one paragraph about SOMEONE YOU LOVE SPENDING TIME WITH.

Answers

MUMY  GIVE ME FIVE SARS                                                                          

Nicole is the Executive Director of a local food bank and is assessing the financial situation of her not-for-profit organization. Nicole uses a(n) ________ to determine whether revenues from contributions and other sources will cover operating costs.

Answers

Nicole, who is assessing the financial situation of her not-for-profit organization an income statement to determine whether revenues from contributions and other sources will cover operating costs.

An income statement is a financial document that shows the income and expenditure of an organization over a period of time.

It helps the organization to know whether they are making a profit or incurring losses.

So, for Nicole to determine whether the revenue of the organization will cover operating costs, she needs to use the income statement.

Learn more about the Income statement here:

https://brainly.com/question/21851842

C&a+sold+30%+of+the+5000+items+that+it+carried+last+week. +there+were+500+items+for+which+some+demand+was+not+satisfied. +what+is+the+in-stock+probability+for+last+week?.

Answers

Answer:

.............

Explanation:

..................

ssume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, $5,100 2019, $3,600 2020, $2,160 2021, $1,620 On December 31, 2019, the total long term liabilities will be $______

Answers

Based on the information given, the total value of the long-term liabilities will be $7380.

Long-term liabilities simply refer to the liabilities that are payable after twelve months. They are the liabilities that are due after one year of normal operation.

The long-term liabilities will be:

= $3600 + $2160 + $1620

= $7380

In conclusion, , the total value of the long-term liabilities will be $7380.

Read related link on:

https://brainly.com/question/25553265

According to the new classical critique of fiscal policy, an increase in government spending today will lead to what change in current savings

Answers

In accordance with the new classical critique of fiscal policy in today's world, an increase in government spending will lead to an increase in current savings.

Fiscal policy refers to a economic policy whereby governments seeks to stabilize the economy by manipulating the levels and allocations of taxes and government spending.

The new classical critique of fiscal policy states that an increases in government spending and decreases in taxes are largely offset by increases in savings.

Therefore, in conclusion, In accordance with the new classical critique of fiscal policy in today's world, an increase in government spending will lead to an increase in current savings.

Read more about this here

brainly.com/question/14017853

how many words can the average listener process per minute

Answers

Answer:

800 words per minute

Explanation:

he average rate of speech for an American is about 125 words per minute; the human brain can process about 800 words per minute.

the purpose of the financial accounting standards board is to ______.

Answers

The aim of the financial accounting standards board is to improve financial accounting and reporting standards.

The financial accounting standards board simply means an organization whose purpose is to develop generally accepted accounting principles.

The financial accounting standards board improve financial accounting and reporting standards. It also provides useful information to investors.

Read related link on:

https://brainly.com/question/25640186

Fraudulent charities frequently collect donations in the following ways:
Group of answer choices

commercials, phone, door-to-door

fundraiser events, email, phone

email, phone, door-to-door

email, phone, commercials

Answers

Answer:

email, phone, door-to-door

Explanation:

Commercials and fundraiser events are too public for frauds

Other Questions
Fix the adjective error (if one exists).Arturo Castro has a more fast mile time than I do. 1.which is not true about addition of polynomials?a. combines similar termsb. copy the variable/sc. add the exponent of the variabled. simplify the constant Give one example of an urban area and one example of a rural area. Please I need help with this and I will give brainlist if is right answer what I need help with is with my essay thesis and Directional statement please say if right or wrong or other is anything I can improve it and the story is a sentry So my thesis is (Sentry is a good short story)And my Directional statement is (I think that sentry is interesting because it has an interesting plot and interesting irony). kinyua spent [tex] \frac{1}{4} [/tex]of his net January salary on school fees What would the Committees of Correspondence discuss in town meetings? How British laws were affecting them How to repair British soldiers' uniforms Where to buy fresh bread and eggs Where to find seeds for the farmers Adult tickets to the fall play cost $8 and student tickets cost $4 . The drama class sold 30 more adult tickets than student tickets to the fall play. If the class collected $840 from ticket sales, how many adult tickets were sold?The drama class sold blank adult tickets. Last night when I came to the party , everyone There PLS HELP ASAP !! (i'll mark as brainliest if u answer) What were the consequences of the Glorious Revolution? How to divide with decimals in the divisor. what is called renewable energy and nonrenewable energy Is Mr.Terupt falls again a movie???? Which graph shows the lowest cost per square foot for a new home? the three steps that are required for dna replication are Hello Please help me. Which of the following is NOT a symptom associated with hypertension?A.nosebleedsB.regular heartbeatC.chest painD.vision problemsPlease select the best answer from the choices provided.ABCD is the function y = -7 a linear function? Answer these:Thanks in advance! The main characteristic of the architecture of all plant-pollinator networks on Earth is ________.