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3 years ago

Wealth is:

Business

1 answer:

laiz [17]3 years ago

5 0

Answer:

Explanation:

Wealth is a term associated with an individual's life-style. This includes all of a person's material assets, including wage, land, stocks, and other types of property. Basically anything and everything that belongs to an individual which provides a certain value to that individual. Thus placing them in a specific economic category.

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The difference between zero accounting profit and zero economic profit is that

AnnyKZ [126]

In zero accounting profit takes opportunity costs into account, whereas zero economic profit does not. If a firm has zero economic profits, they are able to have positive accounting profits. A zero accounting profit means that the revenue that is made is only covering explicit costs. A zero economic profit is normal when the total revenue and expenses equal zero.

3 0

3 years ago

One way to think about TQM is as a business philosophy centered around seven core ideas, or principles: __________ refers to the

Paraphin [41]

Answer:

Quality assurance

Explanation:

Quality assurance can be defined as a process of identifying if a particular product meets up to the specified requirements. It helps to assure the quality of products that are manufactured in an organization.

The main function of a quality assurance system is to boost the customer confidence and also the company's credibility, while also improving the different work processes and efficiency. It also enables an organization to be able to compete well with other brands.

Quality assurance process helps to prevent product defects.

6 0

3 years ago

The sum of $180 was divided among 3 people so that the second person received $6 less than twice as much as the first, and the t

diamong [38]

Let the amount received by the first person = x

First person receives: x
Second person receives: 2x - 6
Third person receives: 2x - 6 + 7 = 2x + 1

Solve for x
x + (2x - 6) + (2x + 1) = $180
5x - 5 = $180
5x = $185
x = $37

First person receives: $37
Second person receives: 2(37) - 6 = $68
Third person receives: 2(37) + 1 = $75

8 0

3 years ago

Cash flows It is typical for Jane to plan, monitor, and assess her financial position using cash flows over a given period, ty

svetlana [45]

Answer:

TOTAL CASH INFLOW $4,950

TOTAL CASH OUTFLOW $4,357

B. $593

C. First is for Jane to bring down her outflow

Secondly is for Jane to either make use of a credit card or request for loan.

D. Jane should make use of the short-term investment rates of 5 percent which was offered by the bank and secondly in a situation where she think or felt that the surplus cannot be enough for her to invest with Jane should go ahead and save the money.

Explanation:

a. Calculation to Determine Jane’s total cash inflows and cash outflows

TOTAL CASH INFLOW

Interest received $ 450

Salary4,500

TOTAL CASH INFLOW $4,950

TOTAL CASH OUTFLOW

Clothes-$1,000

Dining out-500

Groceries-800

Auto payment-355

Utilities-280

Mortgage-1,200

Gas-222

TOTAL CASH OUTFLOW $4,357

Therefore total cash inflow will be $4, 950 while total cash Outflow will be $4,357

b. Calculation to Determine the net cash flowfor the month of August using this formula

The Net cash flow =Total cash inflow - Total cash outflow

Let plug in the formula

Net cash flow =$4,950-$4,357

Net cash flow = $593

Therefore the Net cash flow will be $593

c. In a situation where there is a shortage, the few options that will be open to Jane will be:

First is for Jane to bring down her outflow

Second is for Jane to either make use of a credit card or request for loan.

d. In a situation where there is a surplus, what should be a prudent strategy for Jane is to follow:

Jane should make use of the short-term investment rates of 5 percent which was offered by the bank and secondly in a situation where she think or felt that the surplus cannot be enough for her to invest with Jane should go ahead and save the money.

6 0

3 years ago

Consider the case of a good with external benefits. If you plant trees in front of your house, the neighborhood is more attracti

Veronika [31]

Answer:

1. b. Tax homeowners who plant trees.

2. Win - society and consumer

Loose - tax payers and producers.

Explanation:

1. a). If the good creates a positive externalities, then the $\text{private benefits from the good are less than the social benefits}$ from the good.

In the context, the following would not help to correct the problem :

Taxing the homeowners who plant the trees.

If the government taxes or takes some money form the people or the house owners who plant trees in their neighborhood will discourage the people to plant the trees and would not help in correcting the problem.

2. If the government pays for the program that helps to increase the planting the trees, then,

the one who will win from this program is : society and the consumers

the one who will loose : tax payers and the producers as the government would impose more tax in order to fuel the project.

6 0

3 years ago