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lakkis [162]
3 years ago
10

In the social class model developed by Gilbert and Kahl, members of the __________ have earned most of their money during their

own lifetime. This class includes entrepreneurs, presidents of major corporations, sports or entertainment celebrities, and top-level professionals.
Business
1 answer:
Alexxandr [17]3 years ago
5 0

Answer: Lower -Upper Class

Explanation:

The lower‐upper class are those who acquired money from investments or business. They are also professionals who went to the highest level of school and by perseverance and hard work are living good lives.. They clude entrepreneurs, presidents of major corporations, sports entertainment celebrities, and top-level professionals also are doctors, accountants, engineers, lawyers.

They are part of the Upper class system who have money that they can spend although they are lower than the Upper-Upper Class who were born into extreme wealth. These people live in great neighborhoods, mingle with like minds and send their children to the finest schools.

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The diamond-water paradox arises because Multiple Choice the marginal utility of certain products increases, rather than diminis
Nostrana [21]

The diamond-water paradox arises because essential goods may be cheap while nonessential goods may be expensive.

<h3>What do you mean by diamond-water paradox?</h3>
  • The dilemma of value, also referred to as the diamond-water paradox, describes the significant disparity in cost between some important items and non-essential ones.
  • In a market economy, the cost of many necessities for human life is significantly lower than the cost of less necessary necessities.

<h3>Why does the paradox of value between diamonds and water arise?</h3>
  • Water is clearly more valuable as a scarce resource than the luxury of having a diamond.
  • Customers are forced to decide whether to buy one more diamond or one more unit of water as demand rises.
  • The concept of marginal utility describes this idea.

<h3>Why is marginal utility for diamond High?</h3>
  • Diamonds, Due to the limited availability of diamonds, people are likely to operate near the vertical axis, somewhat high on the marginal utility curve.
  • In other words, the amount consumed is not that large.

Learn more about diamond-water paradox here:

brainly.com/question/13530249

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4 0
2 years ago
In 2018, Usher Sports Shop had cash flows from investing activities of ($2,150,000) and cash flows from financing activities of
marissa [1.9K]

Answer:

Usher Sports Shop's cash flow from operations for 2018: $5,414,000

Explanation:

Cash at the end of the year = Cash at the beginning of the year + Cash flows from investing activities + Cash flows from financing activities + Cash flows from operating activities

Therefore:

Cash flows from operating activities = Cash at the beginning of the year + Cash flows from investing activities + Cash flows from financing activities - Cash at the end of the year

Cash flows from investing activities of ($2,150,000) <0 and cash flows from financing activities of ($3,219,000) <0.

Cash flows from operating activities = -$980,000 + $2,150,000 + $3,219,000 + $1,025,000 = $5,414,000

3 0
3 years ago
Balance sheets for P Company and S Company on August 1, 2014, are as follows: P Company S CompanyCash 165500 106000Receivables 3
ANEK [815]

Answer:

Coslidated Balance Sheet

Explanation:

5 0
3 years ago
Zoo Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $27,000. Budgeted cash receipts total $1
kicyunya [14]

Answer:

                                                     Zoo Inc.

                              Cash budget for the month of March

                                                                    Amount in $

Beginning cash balance                                  27,000                

Add:

Cash receipts                                                 106,000

Total cash available                                       133,000

Less:

Cash disbursements                                      (93,000)

Ending cash balance before borrowing         40,000

Desired ending cash balance                        <u> 65,000</u>

Cash excess (deficiency)                                <u>(25,000)</u>

The borrowing required to attain desired ending cash balance  is $25,000

Explanation:

Cash budget is a forecast of the net cash flows to/from an entity over a given period of time.

Details of the cash budget include the opening cash balance, the expected expenses or outflows of cash, the expected inflows and the closing balance expected as a result of the three (3) items mentioned earlier.

7 0
3 years ago
The most important elements in a business model include all of the following except: A. Selecting a growth strategy B. Verifying
worty [1.4K]

Answer:

Option A    

Explanation:

In simple words, business model refers to the strategy for creating a profit for a product. This defines the goods or services that the company is trying to offer, the intended audience that it has defined as well as the costs it plans.

A creative technology company must include a business plan, if only to draw funding, help it retain talent, and inspire leaders and managers. Established companies frequently have to review and revise their operating strategies, or struggle to predict emerging developments and obstacles. Investors will study and analyse the corporate strategies of all businesses that are involved in them.

Choosing a development procedure for growth is not really a part of a business framework, but a point of performance of the growth model. Other choices specifically address which kind of goods should be selected in a company with which specific market group and how you'd like to benefit from your package's particular quality.

4 0
4 years ago
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