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iogann1982 [59]
4 years ago
8

Karen is a home care aid. she earns about $10.00 an hour and works 40 hours a week. she is unable to save, and last month her ca

r broke down. she cannot not afford to fix her car, being already late in paying her bill for gas and electricity. from this description of karen's life, you conclude that she is a member of which class?
Business
1 answer:
Colt1911 [192]4 years ago
7 0
Answer is: lower class
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Hammer Time Company sells hammers that it purchases at a cost of $5. Hammer Time sells the hammers for $15. Last year, it sold 1
emmainna [20.7K]

Answer:

The sales revenue would be 170,000 if Hammer Time implements the decrease in selling price.

This would generate a decrease of $10,000 in the sales revenue

Explanation:

Understanding the way sales revenue is generated:

Units Sold * Unit Price = $Sales Revenue

If the selling price drops to $10

and units sold increase by 5,000

(12,000 + 5,000) * ( 15 - 5 ) = 17,000 * 10 = 170,000

Comparing with the previous year:

12,000 * 15 = 180,000

This policy decrease the sales revenue which makes the business less profitable.

8 0
3 years ago
Noah Construction Company is building a large complex for a contract price of $5,000,000. This is a three-year project and the r
Zepler [3.9K]

Answer:

$625,000

Explanation:

Calculation for how much income is recognized in Year 3

First step

Year 1 2 3

Cost incurred Till date

1000 (1000+1500)2500 (2500+1250)3750

Estimated cost to complete

3000 1500 0

Total cost of contract

4000 4000 3750

Second step

Using this formula to calculate for the percentage of completion for each year

Percentage of completion =Cost incurred till date /Total cost

Let plug in the formula

Yeat 1= 1,000/4,000 =25%

Year 2= 2,500/4,000 =62.5%

Year 3=3,750/3,750 =100%

Last step

Year 1 2 3

Contract price 5000 5000 5000

Less:Total cost (4000) (4000) (3750)

Gross profit 1000 1000 1250

Percentage of completion

25% 62.5% 100%

Gross profit to be recognized till date (1000*25%)=250 (1000*62.5%)=625 (1250*100%)=1,250

Less:Gross profit recognized till prior year

0 -250 -625

Gross profit to be recognized in current period

250 375 625

Hence;

Year 1 Gross profit is $250,000

Year 2 Gross profit is $375,000

Year 3 Gross profit is $625,000

Therefore the amount of income recognized in year 3 will be $625,000

8 0
3 years ago
A(n) ____ is a network designed to service an urban area, typically a city or county.
pashok25 [27]
A metropolitan area network is a network designed to service an urban area, typically a city or county. It is a network that would interconnect the users with resources in a certain area that is larger than the area covered by a LAN and smaller than the WAN. Metropolitan area network are formed  from the connection of multiple local area networks.
5 0
4 years ago
Explain population in biology​
Feliz [49]
Hi :)

Population is a group of organisms of one one species, living in the same area at the same time

Hope this helps!
7 0
3 years ago
The hidden-cost fallacy occurs when a. ​A firm considers irrelevant costs b. ​A firm ignores relevant costs c. ​A firm considers
Phantasy [73]

Answer:

The correct answer is c. ​A firm considers overhead or depreciation costs to make short-run decisions

Explanation:

As Professor Adam Grant suggests, sunk costs have an important effect on our decisions, but there are three factors that influence us even more: anticipated regret ("will I regret it if I don't give the project another chance?"), project completion ("if I continue to invest, I will finish the project successfully") and the threat of ego ("if I do not continue betting on the project, I will seem a failure"

A good option is to prevent these three factors from occurring and constantly ask for feedback from those around us (collaborators, partners, friends). If we ignore the opinions that go against what we think, we will be putting the project at risk without realizing it. On the contrary, those who do not mind "swallowing pride" in the short term will make better decisions in the long term. On the other hand, separating the project from the person, the entrepreneurial venture, will help us not to take the recommendations of our environment personally and to react much more quickly and quickly.

8 0
4 years ago
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