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zlopas [31]
4 years ago
11

Stephen runs a pet salon. He is currently grooming 120 dogs per week. If instead of grooming 120 dogs, he grooms 121 dogs, he wi

ll add $65.65 to his costs and $65.65 to his revenues. What will be the effect on his profits of grooming 121 dogs instead of 120 dogs? Stephen's profits will change by $ (Enter your response rounded to two decimal places.)
Business
1 answer:
aniked [119]4 years ago
6 0

Answer:

Effect on income= $0

Explanation:

Giving the following information:

He is currently grooming 120 dogs per week. If instead of grooming 120 dogs, he grooms 121 dogs, he will add $65.65 to his costs and $65.65 to his revenues.

Contribution margin per dog= selling price - unitary variable cost

Contribution margin per dog= 65.65 - 65.65= 0

Effect on income= 0*1= $0

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Why has globalization resulted in increasing environmental damage around the world?
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Those who support this bleak view of globalization argue it creates global competition, resulting in a boost in economic activities that deplete the environment and its natural resources. The increased economic activity leads to greater emissions of industrial pollutants and more environmental degradation.

6 0
3 years ago
The accounts receivable turnover rate: A) Indicates the proportion of a company's accounts receivable that the independent audit
riadik2000 [5.3K]

Answer:

B) Indicates how many times the receivables were converted into cash during the year.

Explanation:

Account receivable Turnover is a ratio which shows that how many times the account receivable is converted into cash in a given period of time. It shows the efficiency of recovery from customer by a company. A company with higher turnover ratio is considered to more profitable and its liquidity is higher. A company with lower Turnover will have low profits and may face liquidity problems.  

5 0
3 years ago
Gruber Corp. pays a $9 dividend on its stock. The company will maintain this dividend for the next 3 years. In year 4, the divid
stealth61 [152]

Answer:

Share price Today = $172.574

Explanation:

Using dividend growth model we can compute price of share after 3 years,

As follows:

P_3 = \frac{D_4}{K_e - g}

Where P3 = Price at end of year 3

D4 = Dividend at end of year 4 = $10

Ke = Cost of return = 10%

g = growth rate = 5%

P3 = \frac{10}{0.10-0.05} = $200

Now, we have

Year    Dividend or price        Present value factor          Present Value

1                     $9                                0.909                                $8.181

2                    $9                                0.826                                $7.434

3                    $9                                0.751                                  $6.759  

3                    $200                           0.751                                  $150.20

Net Present value of share today = $172.574

3 0
4 years ago
What is globalization? explain, with examples, how global companies can facilitate the creation of a global market?
kicyunya [14]
The globalization of business sectors alludes to the converging of truly unmistakable and isolate national markets into one immense worldwide commercial center. Falling hindrances to cross-outskirt exchange have made it less demanding to offer universally. It has been contended for quite a while that the tastes and inclinations of purchasers in various countries are starting to focalize on some worldwide standard, along these lines making a worldwide market.
4 0
4 years ago
Read 2 more answers
Direct financing works in multiple ways. Put the following events in order to show how direct financing can strengthen an econom
bazaltina [42]

Answer: E,C,D,B.

Direct financing strengthen an economy's GDP because they come without any interest cost or rate and are directly invested to increase the level of production or output of a business .

Explanation:

Direct financing occurs when money is borrowed from the financial market without using a third party or an intermediary, this is done in other to avoid indirect financing and it's high borrowing cost effect where the overall cost of the loan can be increased through interest rate.

Direct financing is when shares or securities are sold by a borrower in order to raise money and avoid interest rates that comes with using intermediaries or third party services.

Note: Those intermediaries are banks.

6 0
4 years ago
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