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3 years ago

Profits are important so businesses can retain employees attract investors and contribute to the

Business

1 answer:

Nataly_w [17]3 years ago

5 0

<u>Answer:</u>

Profits contribute to the firm’s stability and growth.

<u>Explanation:</u>

Profit is the main motive of a firm or business entity. It is based on the numerical value of profit a firm’s stability is determined. The future growth, reputation, shareholder value, market value of a firm depends on the profit.

Only when the profits are high the firm pays a higher salary to its employers and higher dividend to its shareholders. Employees not only get a monetary return on contributing to higher profits but are also motivated to stay back in the same firm .

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Aneli [31]

Answer:

it is type and price range.

3 0

3 years ago

"Because apples and oranges are substitutes, an increase in the price of or¬anges will cause the demand for apples to increase.

irinina [24]

Answer:

The correct answer is option a.

Explanation:

Apples and oranges are substitutes. An increase in the price of oranges will cause the demand for apples to increase. This is because people will prefer a cheaper substitute. This increase in the demand for apples will cause its demand curve to shift to the right.

The rightward shift in the demand curve will cause the equilibrium price to increase. But this change in price will not cause a change in demand. The change in price affects only the quantity demanded. Change in demand happens because of a change in other factors.

So, the given statement is not correct.

7 0

3 years ago

Blue Co. had the following first-year amounts related to its $12,000,000 construction contract: Actual costs incurred and paid $

IrinaVladis [17]

Answer:

$900,000

Explanation:

The computation of the total amount excluding cash is shown below:

But before that following calculations need to be done

% completion during the year is

= $3,000,000 ÷ ($3,000,000 + $6,000,000)

= 33.3333%

Now Total revenue to be recognized for the year is

= $12,000,000 × 33.33333%

= $4,000,000

Profit for the year is

= $4,000,000 - $3,000,000

= $1,000,000

Now Accounts receivables at the end of year is

= Billings - Collection

= $3,500,000 - $3,100,000 = $400,000

Now Cost and profits in excess of billings

= ($3,000,000 + $1,000,000) - $3,500,000

= $500,000

And, finally Total amount of current assets to be recognize at year end is

= $400,000 + $500,000

= $900,000

3 0

3 years ago

Which of the following will not create minimum contacts in a state sufficient to find personal jurisdiction on an out-of-state d

Maurinko [17]

Answer: A company maintains a website that provides information about its products and that provides an address or number that a customer can contact to obtain an order form to purchase products directly from the company.

Explanation:

With different states having varying laws but yet still sharing a lot of business interests, it is important that the states know when they can have jurisdiction over a person.

Minimum contacts is the solution and is used to determine whether an entity has sufficient contacts in a state to warrant jurisdiction over them.

Simply having a website that can be accessed by people in a state does not fall under the provisions required for minimum contact to be met so the courts in this state cannot have personal jurisdiction over this company.

7 0

3 years ago

Perhaps the greatest risk for a company that chooses to pursue an integrated low cost/differentiation strategy is that it will

Amiraneli [1.4K]

The greatest risk of a low-cost provider strategy is getting lost with overly high price reduction and ending up with lower profit.

<h3>Low-cost / low-price advantage </h3>

It results in high profit only if;

(1) prices are reduced by less than the size of the cost advantage or
(2) the added volume is large enough to bring in a bigger total profit despite lower margins per unit sold.

Therefore, the greatest risk is a low profit.

learn more on low cost strategy from here: brainly.com/question/5516605

6 0

2 years ago

Profits are important so businesses can retain employees attract investors and contribute to the​

Profits are important so businesses can retain employees attract investors and contribute to the