Profit maximization is usually a main aim of most businesses in the private sector.
1) Usually people invest personal savings into starting businesses so that the return (aka profits) can be greater than the investment and they can earn a better living.
2) If profit is earned then the business would have enough money to pay dividends to its investors/shareholders, otherwise it wouldn’t have enough money to give as dividends and it will lose its investors.
3) Profit is required for the business to survive in competitive markets.
Answer:
The correct answer is letter "A": cooperating with one another.
Explanation:
In front of consumer hesitation about technology being introduced in the market, companies selling those products should <em>join forces</em> to keep buyers updated. They can achieve that by providing their sales team with flyers where the main attractive features of the new technology can be outlined promoting customers to request additional information to clerks in an attempt to have them close sales.
Besides, companies can organize events where all of them show consumers their products using the new technology introduced where customers can interact with it and learn more about how it works.
Answer:
a. 0.05
b. $68,750
a. $1,150,000
b. 0.1
c. $115,000
Explanation:
Depreciation expense using the double declining method = Depreciation rate x cost of the asset
Depreciation rate = 2 x (1/useful life) = 2 / 40 = 0.05
The double-declining-balance depreciation for the first year = 0.05 x $1,375,000 = $68,750
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
The depreciable cost = Cost of asset - Salvage value = $1,450,000 - $300,000 = $1,150,000
The straight line rate = 1 / useful life = 1 / 10 = 0.1
The annual straight-line depreciation = $1,150,000 x 0.1 = $115,000
Answer:
A. In government expenditures and imports.
Explanation:
We are informed about how The city of Ann Arbor Michigan buys a police car manufactured in Germany.
In the case of this transaction, it is included in GDP accounts in government expenditures and imports.
GDP which is known as Gross Domestic Product can be explained as the total market value of domestic finished goods/service that are been produced in a particular period in a country. The net export, as well as consumption and government expenditures and investment are taking into consideration in GDP. It should be noted that social security payment is not accounted with GDP
Options:
) The man has accepted the woman's offer. Because the reason for the change was out of the man's control, the change is of no legal effect once he signed the contract. B) The man has rejected the woman's offer and made a counteroffer, which the woman is free to accept or reject. C) While the man technically rejected the woman's offer, his behavior in scheduling movers creates an implied contract between the parties.
Answer: The man has rejected the woman's offer and made a counteroffer, which the woman is free to accept or reject.
Explanation: Since there has been an alteration in the content of the initial agreement between the buyer and the seller, the agreement has become void and hence, the changes makes it a counteroffer which the buyer is free to accept or reject. Even though the change in the initial agreed document is the date, it is enough to render the initial document void as the terms is no longer consistent with what the potential buyer read and signed on.
