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3 years ago

"Higher level professions require indepth knowledge, good skill, and special training." Explain this statement with examples.

Business

1 answer:

Greeley [361]3 years ago

8 0

Answer:

True.

Explanation:

Higher level professions are professions occupied by professionals who think strategically and carry out their duties by adhering to the ethical standards that governs their profession. Examples are medical practitioners, engineering, accountant and pilot. All these requires in-depth knowledge , good skill and special training because of the technical nature of the profession.

Having a degree is not enough to deliver on these professions because of their complexities. These professionals must adhere to the ethical standard that governs their profession and also hold themselves out of having the required training, knowledge and experience .

Take for instance a pilot who controls a plane. Asides having the required education, he would undergo special trainings on how to fly planes. He must also have the skills and experience of flying before being certified to fly people because of the risky nature of the profession.

The above example also applies to a doctor. He would undergo trainings depending on his area of specialization and must have knowledge before being certified to work as a doctor. The reason is that he is dealing with lives hence must possess the the required skills and experience.

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Cost of revenue $20,841 Selling, general, and administrative expenses 9,765 Depreciation 2,239 Assume that 70% of the cost of re

omeli [17]

You forgot to put the beginning portion of the questions and both questions for part (a) and (b), so I will state the parts you missed and then answer the question with details.

The missing portion of the question is:

Sprint Nextel is one of the largest digital wireless service providers in the United States. In a recent year, it had approximately 32.5 million direct subscribers (accounts) that generated revenue of $35,345 million.

(a) What is Sprint Nextel's break-even number of accounts, using the data and assumptions given?

(b) How much revenue per account would be sufficient for Sprint Nextel to break even if the number of accounts remained constant?

Step-by-step detailed answer:

(a) Calculation of break-even point in number of accounts:

We need to know that :

Break-even point = Fixed costs / contribution margin per unit

So we need to calculate the following:

Selling price per unit = total sales revenue / number of accounts = $35,345 million / 32.5 million = $1,087.53

Variable cost per unit = Total variable cost / number of accounts = $17,518.20 million / 32.5 million = $539.02

Contribution margin per unit = selling price per unit - variable cost per unit = $1,087.53 - $539.02 = $548.51

Thus, we have that:

Break-even point = $15,326.80 million / $548.51 = $27.9 million

Answer to part (a):

Sprint Nextel's break-even number of accounts, using the data and assumptions given is $27.9 million

(b) Revenue per account to break-even:

If the number of accounts remains constant at 32.5 million, then the revenue per account to break-even should equal to the variable cost per unit and the fixed cost per unit.

So, we have that:

Fixed cost per unit at 32.5 million account = $15,326.80 million / 32.5 million = $471.59

Thus, we get:

revenue per account to break-even = $539.02 + $471.59 = $1,010.6 per account

Therefore, at 32.5 million accounts generating a revenue of $1,010.6 per account, the company revenue would equal the total cost and hence there would be no profit or loss to the company.

Answer to part (b):

$1,010.6 per account would be sufficient for Sprint Nextel to break even if the number of accounts remained constant

6 0

3 years ago

In reviewing the agreement between AdCreate and Anchor Motors, Jacob Stein found that sales ofAnchor rose 2.8% compared to the p

kakasveta [241]

Answer:

AdCreate billed Anchor Motors $529,412 for the third quarter in 2010

Explanation:

The advertizing company usually takes a 15% commision

Which means from the total amount billed to customer 15% ar commision which means:

money paid to media + 15% comission of the billed amount= total amount billed

450,000 + 0.15X = X

Now, we try to solve for X and get the amount billed to anchor motors.

X = 450,000/.85 =<em> 529.411,76</em>

8 0

4 years ago

The Berlin airlift operation, nicknamed "Operation Vittles," provided food, fuel, and basic supplies for Allied forces stationed

trapecia [35]

Answer:

False.

Explanation:

After the end of World War II, Germany was separated into four sectors, according to the nations controlling it. The nation was divided into four parts- Soviet, American, British, and French-controlled zones. This division was further taken in the case of Berlin, the capital city, dividing it among the four nations.

And the Soviets, in an attempt to drive the other three nations away from the capital city, blocked all forms of road access. The plan was to stop any flow of resources and necessities and it will result in France, Britain, and America abandoning their sections of Berlin.

But, taking advantage of the free airspace, the three nations began using their aircraft to drop basic supplies to the people living in their parts of Berlin. This operation was codenamed "Operation Vittles".

Thus, the <u>correct answer is false</u>. For, the airlift operation was to provide the basic necessities to the people, not the Allied forces station in Berlin.

8 0

3 years ago

Managers of Wendy's fast-food restaurants keep track of prices at competitors such as McDonald's, Burger King, and Arby's, knowi

liubo4ka [24]

Answer:

Decrease demand for Wendy's products.

Explanation:

This is because Wendy's is aware of the cross elasticity of demand and the effect it can have on Wendy's given a change in price of its competitors. Since the competitors are all substitute goods which means that a decrease in price of any substitute that is the competitor product will shift people from buying Wendy's to these competitors, thus reducing Wendy's product demand and its revenue.

Cross elasticity of demand for substitutes is 1> . Hence the qty demanded for Wendy's will fall more than the increased revenue by charging higher price than its competitors.

Hope that helps.

3 0

3 years ago

Read 2 more answers

You hold a diversified portfolio consisting of a $10,000 investment in each of 20 different common stocks (that is, your total i

jenyasd209 [6]

Answer:

new beta of the portfolio= 1.235

so correct option is b. 1.235

Explanation:

given data

investment = $10,000

common stocks = 20

total investment = $200,000

portfolio beta = 1.2

sell one stocks beta = 0.7

sell = $10,000

purchase another stocks beta = 1.4

to find out

What will be the beta of the new portfolio

solution

we first find increment in beta that is express as

increment in beta = investment × ( purchase stocks beta - sell stocks beta) ÷ total investment .............................1

put here value we get

increment in beta = $\frac{10000*(1.4-0.7)}{200000}$

increment in beta = 0.035

new beta of the portfolio will be

new beta of the portfolio = 1.2 + 0.035

new beta of the portfolio= 1.235

so correct option is b. 1.235

3 0

3 years ago