1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali [406]
3 years ago
14

7. In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be

helpful for society and at least one reason that they may be harmful for society. Then, explain whether you think profit motive is a good thing or a bad thing for society. (4-7 sentences)
Business
1 answer:
kramer3 years ago
8 0
Gaining a profit from sold goods is helpful because the use of scarce resources is optimized. It also provide jobs. The bad side of being in a profit motive business is that some may be tempted to deal with customers . I think that a profit motive business is a good thing.
You might be interested in
Which hmmwv variant is the primary vehicle carrying the s250 electrical equipment shelter?
KonstantinChe [14]

Its usually the M1152 model of hmmwvs

6 0
3 years ago
A nation has an absolute advantage in the production of a good, if Group of answer choices it can produce that good at a lower o
Leona [35]

Answer: it can produce that good using fewer resources than its trading partner

Explanation:

A country has an absolute advantage in the production of a good when such country can produce the good using fewer resources than another country.

Absolute advantage can be due to the natural endowment of a country. For example, let's say Japan uses 2 hours in producing a good while Brazil uses 5 hours in producing such good. Then, it can be deduced that Japan has an absolute advantage over Brazil.

6 0
2 years ago
In the first couple of decades of the 20th century, most people
melisa1 [442]
There was a rise in human population.
3 0
3 years ago
Phillips industries runs a small manufacturing operation. for this fiscal year, it expects real net cash flows of $197,000. the
Stolb23 [73]

Answer: Present value of the cash flows of the company is $1,158,824.

Explanation: Philips industries have the cash flow for $197,000. The industry needs to find the present value of the cash flow and the cash flows growth is decreasing every year by 6%.

The present value of the cash flows for perpetuity with decreasing growth rate is:

Present value = Cash flow for year 1 (C1) / (discount rate - growth)

where, Cash flow for the year 1 (C1) = $197,000

Discount rate (r) = 11%

Growth rate (g) = -6%

Present value of the cash flows (PV) = $197000/[0.11 - (-0.060)]

Present value of the cash flows (PV) = $197000/0.17

Present value of the cash flows (PV) = $1,158,824

Therefore the present value of the cash flows of the company is $1,158,824.

8 0
3 years ago
Selected transaction data of a business for September are summarized below. Determine the following amounts for September: (a) t
Nostrana [21]

Answer:

A. $61,000

B. $43,250

C. $17,750

Explanation:

(a) Calculation for Total revenue

Using this formula

Total revenue=Service sales charged to customers+Cash received from cash customers

Let plug in the formula

Total revenue= ($33,000 + $28,000)

Total revenue=$61,000

Therefore Total revenue will be $61,000

(b) Calculation for Total expenses

Using this formula

Total expenses=Expenses incurred paid +Expenses incurred but not paid +Expenses for supplies used and insurance

Let plug in the formula

Total expenses= ($36,250 + $5,000 + $2,000)

Total expenses=$43,250

Therefore Total expenses will be $43,250

(c) Calculation for net income

Using this formula

Net income=Total revenue-Total expenses

Let plug in the formula

Net income=($61,000 - $43,250)

Net income=$17,750

Therefore Net income will be $17,750

6 0
3 years ago
Other questions:
  • Sxsw utilizes various promotional techniques to reach its target audiences. the use of personal selling, advertising, public rel
    14·1 answer
  • 2. You have just completed an analysis of Rodriguez Manufacturing. You used the Capital Asset Pricing Model to determine that th
    5·1 answer
  • The palmer acres inn is trying to determine its break-even point during its off-peak season. the inn has 50 rooms that it rents
    8·1 answer
  • The greatest cost of conflict is the lost opportunity to convert a conflict situation to a positive impact. Group of answer choi
    11·1 answer
  • Issued $25,000 of QCI stock for cash. Incurred $600 of utilities costs this month and will pay them next month. Incurred and pai
    6·1 answer
  • The accounting manager of Gateway Inns has noted that every time the inn's average occupancy rate increases by 3.3 percent, the
    10·1 answer
  • Suppose on January 1 Aiden​'s Tavern prepaid rent of $ 13 comma 200 for the full year. At July 31​, how much rent expense should
    10·1 answer
  • The term crowding-out effect refers to a situation in which a government _______________ results in ______________ interest rate
    8·1 answer
  • Explain the imortance of feedback in the communication process.(3marks)
    12·1 answer
  • Luxguard Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processi
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!