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4 years ago

For which two main purposes do companies use social media?

1 answer:

7 0

Corporations use social media for various purposes, but from the available options, the two ways they are most commonly used is for (B) advertise their services and check the market and (D) keep up with the latest industry news.

Advertising their services can lead to increased sales for corporations since people nowadays use their social media a lot. Keeping up with the latest industry news would also be helpful for corporations in using the right approach for advertising as well as creating product diversification that are suitable for the market they are aiming for.

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The model of monopolistic competition characterizes the market for plumbing services in a city. This market is initially in long

Sophie [7]

Answer:

There will zero economic profits in the long run.

Explanation:

Monopolistic competition is a market structure where there is a large number of firms producing differentiated products. There is very low or no restriction on the entry and exit of firms in the market.

The market for plumbing services in a city is a monopolistic competition. An increase in the market demand will cause the price to increase. This will cause an increase in the profits of the existing firms.

In the long run, new firms will enter the market, increasing the market supply. This will cause the price level to decrease till all the firms are having zero economic profits.

3 0

4 years ago

If property is inherited by a taxpayer,

Inga [223]

Answer:

Correct option is A.

In general, the basis to the recipient is the fair market value at the decedent's date of death.

Explanation:

If property is inherited by a taxpayer, In general, the basis to the recipient is the fair market value at the decedent's date of death.

As per the the law when property is transferred on account of death, then basis to the recipient is the fair market value at the time of death of decedent's.

7 0

3 years ago

The Express Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $ 451 comm

KonstantinChe [14]

Answer:

(1) $1,230,000

(2) 110,000 customers

Explanation:

Given that,

Fixed cost = $451,000 per year

Average sales check per customer = $ 8.20

Average cost of food and other variable costs for each customer = $ 4.10

Income tax rate = 30%

Target net income = $114,800

(1) Contribution margin ratio:

= (Selling price - Variable price) ÷ Selling price

= ($ 8.20 - $ 4.10) ÷ $ 8.20

= 0.5

Income before tax:

= Net income ÷ (1 - Tax rate)

= $114,800 ÷ (1 - 0.3)

= $164,000

Desired revenue (dollars):

= (Fixed cost + Income before tax) ÷ Contribution margin ratio

= ($451,000 + $164,000) ÷ 0.5

= $1,230,000

(2) Customers are needed to break even:

= Fixed cost ÷ contribution per unit

= $451,000 ÷ ($8.20 - $4.10)

= $451,000 ÷ $4.10

= 110,000 customers

8 0

3 years ago

Since bonds are generally considered among the safest investments, you would expect that they would _____. have low interest rat

coldgirl [10]

Since bonds are generally considered among the safest investments, you would expect that they would have lower interest rates. A bond is considered one of the safest types of investments but surprisingly even so, the interest rate to have a decent return on your investment are very good considering the safeness of the investment to begin with. Bonds are common for family and family members to give and pass down to family members to see how the money grows overtime.

5 0

4 years ago

Read 2 more answers

Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $, buys gasoline ($ in gas i

Masja [62]

Answer: $8,600

Explanation:

Implicit cost is also known as the opportunity cost which means that it is the benefit of the next best alternative that was foregone when the current decision was made.

The implicit cost here is therefore:

The $8,000 that Charles could have been making as a lifeguard.

The interest per year he could have been earning on the $5,000 he used to buy mowing equipment.

The depreciation on the mowing equipment because depreciation is not an explicit cost but an implicit one.

= 8,000 + (2% * 5,000) + (10% * 5,000)

= 8,000 + 100 + 500

= $8,600

6 0

4 years ago