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3 years ago

Acting in the best interest of others even when it might run counter

1 answer:

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When someone acts it the best interest or others, even when it might run counter to the self-interests of the leaders, it refers to the principle of serving others. When you serve others, you put others and what would make them happy before yourself. Serving others is a major part in leading a team or running a business because you are always wanting to make sure everyone else is happy.

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Which of the following statements is true about utility?a. Everyone receives the same level of satisfaction from the same good o

Annette [7]

Answer:

The correct answer to the following question is option D) everyone receives different level of satisfaction from from the same good or services.

Explanation:

Utility can be defined as a measurement of satisfaction levels that a consumer experiences from the consumption of goods and services. From the above given options only D is correct as every one experiences different level of satisfaction from same good or services. Economists measures utility with a unit they refer to as util. All products doesn't produce same level of satisfaction .

6 0

3 years ago

Mixed Costs and Cost Formula Callie's Gym is a complete fitness center. Owner Callie Ducain employs various fitness trainers who

slavikrds [6]

Answer:

1 = $600 + $20 × X

2. = $2000

3 = $2,600

4 = $26 per class

5 = a = $3,600

b = $24

c = the cost per unit has reduced from $26 to $24.

Explanation:

According to the scenario, computation of the given data are as follow:-

We assume no. of units = X

1.Total Labor Cost =Total Fixed Cost + (Variable Cost Per Unit × No. of Units)

= $600 + $20 × X

2. Last month 100 classes were taught.

Total Variable Cost = No. of Classes Taught × Variable Cost Per Class

= 100 × $20 = $2000

3. When 100 classes were taught, total labor cost is-

Total Labor Cost = Total Fixed Cost + (No. of Units × Variable Cost Per Units)

= $600 + 100 × $20

= $600 + $2,000

= $2,600

4. Per Classes Unit Cost of Labor =Total Labor Cost ÷ No. of Classes Taught

= $2,600 ÷ 100

= $26 per class

5. If the No. of taught classes increase by 50% then the no. of classes is offered = 100 + (100 × 50 ÷ 100) = 150

a). Total Labor Cost if the no. of classes taught are 150

Total Labor Cost = Total Fixed Cost + (No. of Units × Variable Cost Per Units)

= $600 + 150 × $20

= $600 + $3,000

= $3,600

b). Per Classes Unit Cost of Labor = Total Labor Cost ÷ No. of Classes Taught

= $3,600 ÷ 150

= $24

c). After the change in the level of the activity variable cost per unit and fixed cost per unit remain same. So if there is an increase in the taught classes then the cost per unit has reduced from $26 to $24.

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3 years ago

Classify each of the following based on the macroeconomic definitions of saving and investment.

S_A_V [24]

Answer:

A : Stock - Investment ; B : Condominium - Investment ; C : Lab - Investment ; D : Deposit Certificate - Savings

Explanation:

Saving is the amount set aside from income, so as to not get consumed & kept for further usage.

Investment is the addition to capital stock during a period of time.

A. Dina purchases stock in Pherk, a pharmaceutical company : is addition to financial capital stock - So, It is Investment

B. Charles purchases a new condominium in Miami : is addition to real estate capital stock - So, It is Investment

C. Ana borrows money to build a new lab for her engineering firm : is addition to firm capital stock - So , It is Investment

D. Yakov purchases a certificate of deposit at his bank : reflects deposited savings set aside from consumption - So , It is Saving

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3 years ago

A goal in conveying unfavorable news in writing should be to make the receiver call or write back to clarify the message; this w

Gnoma [55]

True it’s true because i said so

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3 years ago

Tyler Hawes and Piper Albright formed a partnership, investing $120,000 and $180,000, respectively. Determine their participatio

Nady [450]

Answer:

a. Both Tyler Hawes and Piper Albright get an equal amount of $147,500 of the net income.

b. Each of Tyler Hawes and Piper Albright get an amount of $112,000 and $116,000 of the shared income respectively.

c. Each of Tyler Hawes and Piper Albright get an equal amount of $102,500 each from the net income.

d. Each of Tyler Hawes and Piper Albright get an equal amount of $95,000 each of the net income.

Explanation:

a. No agreement concerning division of net income.

Net income or loss are of a partnership shared equally when there is no agreement concerning division of net income. Therefore, each partner's participation in the year's net income are as follows:

Tyler Hawes' share = $295,000 ÷ 2 = $147,500

Piper Albright' share = $295,000 ÷ 2 = $147,500

Therefore, each of Tyler Hawes and Piper Albright get an equal amount of $147,500 each from the net income.

b. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3.

Investment interest to Tyler Hawes = $120,000 × 5% = $6,000

Investment interest to Piper Albright = $180,000 × 5% = $9,000

Total interest payments to partners = $6,000 + $9,000 = $15,000

Income to share = $295,000 - $15,000 = $280,000

Tyler Hawes' income share = $280,000 × (2 ÷ 5) = $112,000

Piper Albright' income share = $280,000 × (3 ÷ 5) = $168,000

Therefore, Tyler Hawes and Piper Albright get an amount of $112,000 and $116,000 of the shared income respectively.

c. Salary allowances of $40,000 and $50,000, respectively, and the balance divided equally.

Income to share = $295,000 - ($40,000 + 50,000) = $205,000

Tyler Hawes' income share = $205,000 ÷ 2 = $102,500

Piper Albright' income share = $205,000 ÷ 2 = $102,500

Therefore, each of Tyler Hawes and Piper Albright get an equal amount of $102,500 each of the net income.

d. Allowance of interest at the rate of 5% on original investments, salary allowances of $40,000 and $50,000, respectively, and the remainder divided equally.

Income to share = $295,000 - ($6,000 + $9,000) - ($40,000 + 50,000)

Income to share = $190,000

Tyler Hawes' income share = $190,000 ÷ 2 = $95,000

Piper Albright' income share = $195,000 ÷ 2 = $95,000

Therefore, each of Tyler Hawes and Piper Albright get an equal amount of $95,000 each of the net income.

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3 years ago