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3 years ago

What is the study of business

Business

2 answers:

REY [17]3 years ago

4 0

Explanation:

The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers. Business is influenced by and impacts on the cultural, ethical, environmental, political, and economic conditions of the day

Gekata [30.6K]3 years ago

4 0

Explanation:

business studies is an academic subjects taught in many schools and higher education institutions in the world .

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A supply curve shows quantities supplied at various prices. It also shows the

Annette [7]

Answer: Producer surplus, which is equal to the slope of the supply curve.

Explanation: The producer surplus is represented as the upper portion of the supply curve below the equilibrium price. It is the difference between the amount a producer is willing to sell a given commodity to the actual market price the good was sold at.

The extra benefit which the producer makes as profit when the market price at which the goods was sold at is greater than the amount the producer was willing to sell his goods.

3 0

3 years ago

Europe was hurt by the financial crisis in 2008. High unemployment hit all areas of the population. However, the group that was

atroni [7]

Answer: Human capital

Explanation: In simple words, human capital refers to the economic value that arises due to the knowledge, skills and experience of the labor in an economy.

In the given case, European union is aiming to provide better education and vocational knowledge to the young labor of the economy so they contribute to the continuously lowering GDP.

Hence from the above we can conclude that the correct option is A.

6 0

3 years ago

Read 2 more answers

Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $48,000. Assuming that the fixed monthly expense

Kryger [21]

Answer:

The best estimate of the company's net operating income in a month is <u>$34,800</u>.

Explanation:

This can be calculated using the following steps:

Step 1: Calculation of contribution margin

This can be calculated using the formula for calculating the contribution margin ratio as follows:

Contribution margin ratio = Contribution margin / Sales ........... (1)

where,

Substituting the values in the question into equation (1) and solve for contribution margin, we have:

60% = Contribution margin / $138,000

Contribution margin = 60% * $138,000 = $82,800

Step 2: Estimation of the company's net operating income in a month

This can be calculated using the following formula:

Net operating income = Contribution margin - Fixed expenses ......... (2)

Substituting the $82,800 obtained in Step 1 for contribution margin and the fixed monthly expenses of $48,000 in the question into equation (2), we have:

Net operating income = $82,800 - $48,000 = $34,800

Conclusion

From Step 2 above, the best estimate of the company's net operating income in a month is therfore <u>$34,800</u>.

4 0

3 years ago

Farrell wants to retire in six years. To have sufficient assets to fund retirement, Farrell needs to accumulate an additional $4

Mademuasel [1]

Answer:

$73,070.5

Explanation:

Inflation erodes the value of money. It makes more quantity of money to required to buy the same basket of food and services in the future.

With inflation, to calculate the the quantity of Dollars needed in n years time, we use the formula;

Inflated amount = h × (1 + f)^n

h= amount required today, f - inflation rate, n- number of years

So if Farrell needs $400,000 in 6 years time in real terms, with an inflation of 5% per year, he would need to have a quantity of money equal to

1.05^6 × 400,000 = $536,038.3.

To provide for $536,038.3 in 6 years time, he would need to contribute into a sinking fund on a yearly basis, an equal amount denoted as "A" in the formula below:

FV = A × ((1+r)^n - 1)/r

FV - 536,038.3, r - 8%, n = 6

536,038.3 = A × ((1+0.08 )^(6) - 1)/0.08)

536, 038.3 = A × 7.3359

536,038.3/7.3359 = A

$73,070.5 = A

Farrell should invest at the end of every year

$73,070.5

7 0

3 years ago

Economic profit can be derived from calculating total revenues minus all of the firm's costs

Mice21 [21]

Answer:

Economic profit can be derived from calculating total revenues minus all of the firm's costs, Economic profit can be derived from calculating total revenues minus all of the firm's costs, including its opportunity costs. are two stark realities any business firm must recognize.

6 0

3 years ago

What is the study of business​

What is the study of business