It will help organize the flow of ideas
Answer:
The correct answer is option A ,first mover advantage.
Explanation:
First mover advantage is form of leading strategy where a firm is the first to identify the opportunities hidden in a particular industry or geography,thereby unlocking the potentials in order to improve its financial performance business-wide.
This is a form of diversification, as putting one's eggs in one basket is not a sustainable way to grow the business in the long-term.
Even though there are risks involved in been a first mover, the benefits sometimes outweigh the risks.
Answer:
Quantity of money changes by $50,000,000
Explanation:
Desired reserve ratio = 10% = 0.1
Currency drain ratio = 1% = 0.01
Money multiplier = (1+0.1) / (0.1+0.01) = 1.1/ 0.11 = 10
Value of securities purchased = $5 million
Change in quantity of money :
$5 million * 10 = $50 million
Currency created : currency drain ratio * change in quantity of money
0.01 * $50,000,000 = $500,000
Amount of bank deposit = quantity change - currency created
= $50,000,000 - $500,000 = $4,500,000
Answer:
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Explanation:
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<span>Implicit Cost Explicit Cost
The wholesale cost for the pianos that Darnell pays the manufacturer $452,000
The salary Darnell could earn if he worked as an accountant $48,000
The wages and utility bills that Darnell pays $301,000
The rental income Darnell could receive if he chose to rent out his showroom $38,000
B.
Profit ($)
Accounting Profit 842,000 - 452,000 - 301,000 = 89,000
Economic Profit 842,000 - 452,000 - 301,000 - 48,000 - 38,000 = 3,000
C. Economic Profit as an accountant = 48,000 + 38,000 - 89,000 = -$3,000. Thus, Darnell should stay in the Piano business to maximize the Economic Profit.</span>
