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gregori [183]
3 years ago
12

Chris was the business manager for a real estate firm earning an annual salary of $40,000. Then Chris decided to become a consul

tant. Chris hired an administrative assistant at $15,000 per year and rents office space (utilities included) for $3,000 per month. Chris earned $100,000 in total revenue the first year as a consultant.In order for Chris to earn normal profit, accounting profit would have to be _______.
Business
1 answer:
Reptile [31]3 years ago
7 0

Answer:

The answer is: $40,000

Explanation:

Chris's opportunity cost of working as a consultant instead of working as a business manager (her old job) is $40,000. So in order for Chris to earn normal profit, the difference between his revenue and his combined explicit (e.g. rent, assistant's salary) and implicit costs (opportunity cost) is zero.

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Although she wasn't told this when hired, at her new job Donna noticed that the employees eat lunch at their desks while continu
Yakvenalex [24]

Answer:

organizational culture.

Explanation:

organizational culture refers to a set of principles or beliefs that influence the way people behave within the organization.

The organizational culture tend to be differ between one company to another. It will be heavily depended on how the upper management wants the company to operate.

For example,

Some company wanted to create a very formal environment. They want their employees to dress like a professional and  wants their employees to be extremely disciplined /completely focus their time on the job. You can see this type of organizational culture in most companies within the Finance industry.

Some company on the other hand, wants to create a comfortable environment. They let the employees dress casually and treat their work space like their private room at home.  This type of culture can usually be found in art-related companies. Donna's workplace will most likely included in this category;.

7 0
3 years ago
Rather than acquiring Almodovar Holdings in Spain, Omega, Inc. chose to establish new operations in that country. This form of F
Flauer [41]

Answer: Greenfield investment

Explanation:  

 The green field investment is one of the form of FDI (Foreign direct investment) and by using this type of investment process the company basically creating the various types of new facilities such as selling process and the production facility.

The greenfield investment is one of the type of economics based concept it helps in forming the various types of marketing partnership and also control all the relative investing process.

According to the given question, the greenfield investment is one of the type of foreign direct invest process that helps in establishing the new function and operation in the country.

Therefore, Green-field investment is the correct answer.

4 0
3 years ago
A government may ________ its currency to correct its balance-of-payment conditions
SSSSS [86.1K]
The correct answer is devalue.
3 0
3 years ago
Read 2 more answers
Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to k
suter [353]

Answer:

Ethics

Explanation:

Ethics also called moral philosophy involves how an individual systemises, defends and recommends the concept of right or wrong.

Summer is facing an ethical decision of either returning the bag or keeping it for herself. Her decision will be based on her definition of right or wrong.

If her moral philosophy is one that does not see theft as something that is wrong, she will decide to keep the bag. If on the other hand she sees keeping the bag that is not her own as wrong she will decide to return it.

6 0
3 years ago
7. What is the possible meaning of the changes in stock price for Berkshire Hathaway on the day of the acquisition announcement
Dmitriy789 [7]

Answer:

On the same day that announcement came, there have been inflationary pressures, which further indicates that prices are encouraged to demonstrate pointed ups and downs. Further analysis is provided below.

Explanation:

  • Whenever one business purchased something else, the acquisition market capitalization encourages people to dip partially or completely, although the specified company’s stock price begins to increase.
  • The acquisition's current share market is crashing although it sometimes continues to pay a higher price to that same sales department but rather accrues available to fund the acquisition.
4 0
3 years ago
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