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Dimas [21]
3 years ago
10

The purpose of this assignment is the creation of a research analysis. every day, consumers make millions of decisions that impa

ct the marketplace and influence firms' decisions. firms use economic concepts, models, and other "tools" of economics to help determine pricing, output, and profit maximization. as an mba student of economics, you can apply the "tools" of economics to microeconomic and macroeconomic data to create recommendations for how firms can maximize revenue, profit and market share.
Business
1 answer:
Savatey [412]3 years ago
7 0
The purpose of this assignment is the creation of a research analysis. Every day, consumers make millions of decisions that impact the marketplace and influence firms' decisions. Firms use economic concepts, models, and other "tools" of economics to help determine pricing, output, and profit maximization. As an MBA student of economics, you can apply the "tools" of economics to microeconomic and macroeconomic data to create recommendations for how firms can maximize revenue, profit and market share.
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When iTunes sells a song or movie, it must record the transaction in accounts. Which accounts might iTunes use when it sells a s
Kay [80]

Since the actual process of the transaction is instantaneous, and its takes the money directly out of your account, the account they're dealing with is most likely Revenue.

Accounts Receivable is also another option that may come to mind, but remember that in this account, the seller is waiting for payment. Once the responsible party pays the seller, A/R is credited (decreased) and Revenue is debited (increased).

With iTunes (as stated previously), the transaction happens right then and there. We pay cash and iTunes gives us the song/movie/album/etc. Therefore, the only logical answer would be <u>Revenue</u>. In this case, <em>Sales Revenue</em> since we're dealing with a type of retailer and not a service.

7 0
3 years ago
If you are going to receive $70,000 for 20 years starting 5 years from now, what is the present value of the cash flows discount
schepotkina [342]

Answer:

336,405.28

Explanation:

Present value can be found by discounting the cash flows at the discount rate.

Present value can be found using a financial calculator:

Cash flow from year 1 to 4 = 0

Cash flow from year 5 -25 = $70,000

Discount rate = 12%

Present value = $336,405.28

I hope my answer helps you

4 0
3 years ago
Since the great recession of 2008, the phrase "the new normal" has become increasingly common. this phrase makes reference to
BigorU [14]

The term new normal refers to a wide variety of context wherein something that was considered abnormal before has found its commonplace or sort of became a norm. It is referenced from the financial crisis during 2007-2008 and the global recession from 2008-2012.

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Assume that the CEO of a company gave you the project charter specifying your authority, among others to work on an initiative p
viktelen [127]

Answer:

Characterize a project based on the above narration and distinguish the project manager from an operations manager?

Explanation:

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Consider the following time series data.
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