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blagie [28]
3 years ago
8

Let's think about billions by looking at Bill Gates, president of Microsoft. One year, his personal wealth grew by $20 billion.

Suppose he was working by the hour, like working at a fast food place, but with a higher wage. Suppose he saw a $100 bill at his feet, if his salary were docked for the time it would take him to pick it up, should he stop work and take the time to pick up the $100 bill?
Business
1 answer:
marta [7]3 years ago
6 0

Answer:

No, he should <u>not</u> pick up the $100 bill

Explanation:

If his salary were those $20 billion (20,000,000,000) by a year. Let's find out how much this is by a second.

First let's find out how much is that salary by <em>a day</em>, then by <em>an hour</em>, then by <em>a minute</em> and finally by <em>a second</em>.

\frac{20,000,000,000}{year}*(\frac{1 year}{365d})*(\frac{1d}{24h})*(\frac{1}{60min} )*(\frac{1min}{60s} )  \\\\  =\frac{20,000,000,000}{365*24*60*60} \\ \\ =\frac{20,000,000,000}{31,536,000} \\ \\ =634.19

So he would be losing money if he picks up the $100 bill, because he would be missing 634 dollars per second.

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This assertion is true. In addition, the SEC has the remaining accountability to make certain that the FASB deals with troubles referred to it by the SEC.

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6 0
2 years ago
What term refers to the business model of selling goods online through an Internet store site?
balu736 [363]
It would be B.) E-commerce this term is used to describe buying and selling products online.
4 0
3 years ago
Which of the following is a likely reason that a company would move its facility from one location to another?
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7 0
3 years ago
The journal entry to record direct labor used in process costing is a(n):___________
Degger [83]

Answer:

b. increase in assets and an increase in liabilities.

Explanation:

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3 0
3 years ago
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Since the optimum level of price is where marginal cost is equal to marginal revenue.

The marginal cost of production includes all costs that vary with that level of production. For example, if a company needs to build an entirely new factory to produce more goods, the cost of building the factory is the marginal cost.

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5 0
2 years ago
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