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Mazyrski [523]
3 years ago
12

Malinda's auto dealership of imported cars made $895,000 in revenue. The manager has determined that the total expenses equal to

$598,000. Will this business net a profit or loss? _____ How much of a profit or loss? _____
Business
1 answer:
Sauron [17]3 years ago
5 0

Answer:

Profit : $297,000

Explanation:

Revenue is the earnings generated by a business by selling products and services. Expenses are the cost incurred in the process of generating revenue for the business.

A business will make profits if revenue exceeds expenses.

In this case, the revenue ($895,000) exceeds expenses($598,000). Therefore, the business will make a profit.

The profit will be revenue minus expenses

=$895,000 -$598,000

=$297,000

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The Fisher effect states that the
tatuchka [14]

Answer:

A. nominal interest rate is equal to the expected inflation rate plus the equilibrium real interest rate.

Explanation:

Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.

Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.

When this persistent rise in the price of goods and services in an economy becomes rapid, excessive, unbearable and out of control over a period of time, it is generally referred to as hyperinflation.

The Fisher effect states that the nominal interest rate is equal to the expected inflation rate plus the equilibrium real interest rate.

Thus, the real interest rate in a particular country's economy equals the nominal interest rate minus the expected inflation rate.

All things being equal (Ceteris paribus), the expected inflation rate of a country's economy would eventually cause an equal rise in the interest rate that the deposits of the country's currency can offer. Also, as inflation increases, the real interest rate falls or decreases.

8 0
3 years ago
L.L. Bean, the founder of the company that bears his name, left a company legacy that consists of three fundamental core values:
Natalka [10]

Answer:somethings

Explanation:

7 0
3 years ago
Slot machine is to vending machine as _____ reinforcement is to _____ reinforcement.
ioda

The answer is primary reinforcement as to secondary reinforcement. Primary reinforcers are biological. Principal examples are food, beverage, and desire. But, most human reinforcers are secondary, or conditioned. Examples comprise money, grades in schools, and tokens. Secondary reinforcers acquire their power through a history of link with primary reinforcers or other secondary reinforcers. For instance, if I said to you that dollars were no longer accepted to be used as cash, then dollars would miss their control as a secondary reinforcer.

7 0
3 years ago
As the price of video games is raised from $20to $25, their quantity demanded fell from 1.5 million copies to 1 million copies.
KatRina [158]

In the following ways, demand for video games is elastic to price:

-1.33 for option (c).

Where Q and P are quantity and prices, respectively, elasticity is calculated as (Q2 - Q1)/Q1 divided by (P2 - P1)/P1. It will thus be (1-1.5)/1.5 divided by (25-20)/20. It will thus be (-0.5*20) / (1.5*5) = -1.33.

In economics, the quantity of an item that customers are willing and able to purchase at various prices during a certain time period is known as the demand. The demand curve This phrase describes the relationship between price and quantity and demand. How much of a certain product is in demand depends on a variety of factors, including perceived necessity, price, perceived quality, convenience, alternatives provided, customer preferences, disposable income, and a number of other elements.

The link between a good's quantity and its price

Learn more about demand here:

brainly.com/question/10489478

#SPJ4

5 0
1 year ago
A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
grigory [225]

Answer:

C: The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.

Explanation:

Production possibility curve shows various combinations of two different products that a firm can produce given a limited resources. The maximum that a firm can produce is represented along the curve. Area under the curve represents inefficient use of resources and area above the curve is out of reach because of limited resources.

Option C cannot be illustrated by PPF.

6 0
3 years ago
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