The four Ps (product, place, price, and promotion) of the services offered by Carnival Cruise Lines can be analyzed. Regarding the product life cycle, services, including cruise offerings, can exhibit characteristics of a life cycle, but it may differ from that of physical products.
1. Product: Carnival Cruise Lines offers various services, including cruise vacations, entertainment, dining, accommodations, and onboard activities. The cruise experience itself, along with the amenities and features provided onboard, constitutes the core product.
2. Place: Carnival Cruise Lines operates in multiple global locations and ports, offering cruises to various destinations worldwide. The company strategically selects its routes and ports of call to attract a wide range of travelers.
3. Price: Pricing in the cruise industry involves considerations such as cabin category, itinerary, time of booking, and additional add-ons. Carnival Cruise Lines adopts pricing strategies to cater to different market segments and optimize revenue.
4. Promotion: Carnival Cruise Lines employs various promotional tactics to attract customers, including advertising campaigns, online marketing, partnerships, travel agent collaborations, and loyalty programs.
As for the product life cycle, services may exhibit characteristics of a life cycle, but it differs from that of physical products. While physical products may go through distinct stages such as introduction, growth, maturity, and decline, services are often subject to fluctuations and continuous adaptation based on market demand and trends.
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6. Which of the following describes a non-employee business? (1 point)
an architect who has only a part-time assistant
a small ice cream shop where only one person works at a time
a person who works from home for a larger company
a manicurist who works from her home or at clients houses
Answer:
a manicurist who works from her home or at clients’ houses
Explanation:
Question: Choose the products that are regulated by federal tobacco sales law:
C
O Chewing tobacco
Cigars (including regular, little, and flavored cigars)
O Rolling papers containing tobacco as an ingredient
O E-cigarettes & e-liquid
O All of the above are regulated
A borrower applied for a va guaranteed first time mortgage for $150,000. however, the property appraised for $146,000. if the buyer still wished to buy the property, what most probably will happen?
A borrower applied for a VA guaranteed first time mortgage for $150,000. However, the property appraised for $146,000. If the buyer still wished to buy the property, The VA could allow the borrower to make up the difference in cash.
What is the meaning of mortgage?
A mortgage is an agreement among you and a lender that offers the lender the right to take your own home in case you fail to pay off the cash you've borrowed plus hobby. Mortgage loans are used to buy a home or to borrow cash against the value of a domestic you already personal. Seven matters to search for in a mortgage.
What's the distinction among mortgage and loan?
A loan is the sum of money borrowed from a monetary institution to meet various dreams or requirements. it can be collateral-free or secured. Mortgage refers to an immovable property that is used as collateral to avail a loan.
Why do people go for mortgage?
A mortgage is a need in case you can't pay the whole value of a home out of pocket. There are some instances in which it makes experience to have a mortgage on your own home even though you have the money to pay it off. For example, buyers on occasion loan residences to loose up price range for other investments.
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What are the four phases of the Business cycle?
Answer:
1) expansion, 2) peak, 3) contraction, 4) trough
Suppose a customer at a restaurant is deciding whether or not to order dessert. Marginal thinking means that the customer should compare: Group of answer choices the additional benefit from the dessert with the additional cost of the dessert. the total benefit from the entire meal and dessert with the additional cost of the dessert. the total benefit from the entire meal and dessert with the total cost of the meal and dessert. the marginal benefit from the meal with the marginal cost of the dessert. PreviousNext
Answer:
the additional benefit from the dessert with the additional cost of the dessert.
Explanation:
According to economics, everyone should act by comparing the marginal benefits obtained by purchasing a good or service vs the marginal cost of obtaining this good or service.
In this case, the customer places a certain value on the utility received from consuming dessert, and if that value is equal or higher to the cost of the dessert, then the consumer will order and eat it. If the perceived value of the benefits received form consuming the dessert are lower than the cost of the dessert, then the consumer will not order it.
Because services are ___________ it is often difficult for marketers to convey the benefits to consumers. substantial heterogeneous intangible perishable inseparable
The correct answer is that, "Because services are intangible, it is often difficult for marketers to convey the benefits to consumers."
Services are different from goods because they are intangible. It means they can not be seen, tasted, heard, touched, or smelled. Because of their intangible nature, it is often difficult for marketers to convey the benefits to consumers.Services are heterogeneous, perishable, and inseparable. The primary feature of services that makes them difficult to market is their intangibility. You can't hold or touch a service like you would with a physical product. It's also more difficult to communicate the value of a service when you can't show it to a customer like you can with a product.
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Do United States government sometimes has to interfere with economy. Why would the government initiate an antitrust suit against a company
Answer: When there is a monopoly or fraud
Explanation:
An antitrust suit is described as when an individual or an organization files a lawsuit against an organization based on the kind of business practices it carries out. When the government recognises a business bringing up unfavorable means that could lead to monopoly the government could regulate the monopoly by carrying out a price capping, to ensure prices are not exaggerated for consumers more than they can afford. The government could further initiate an antitrust suit against the company for their actions.
Answer:
to ensure companies do not monopolize any particular realm of business
Explanation:
that's the correct answer ;)
Is re-shoring the best approach to deal with shocks like
Covid-19 or similar events? (500 words)
The coronavirus pandemic has a major effect on the global economy, and businesses are scrambling to locate ways to stabilize their supply chains. Many companies are now considering re-shoring their operations as a way to minimize the effects of supply chain disruptions in the future.
Re-shoring is the method of moving operations back to the country of origin from overseas. But the question is, is re-shoring the best approach to deal with shocks like Covid-19 or similar events? Let's explore the answer. In general, the concept of re-shoring, which entails bringing previously outsourced production back to domestic soil, might appear to be a logical solution in light of current supply chain disruptions. However, the issue is more complicated than it appears. Re-shoring has a number of drawbacks that must be addressed before it can be considered a practical answer. For starters, re-shoring may not always be possible, particularly if the reasons for outsourcing in the first place still exist. Second, even if re-shoring is feasible, it may not be financially viable, as it often entails higher labor and operational costs than outsourcing to low-cost countries. Third, if businesses rely too heavily on re-shoring, it may lead to a lack of resilience in the supply chain, rendering businesses more susceptible to unforeseen supply chain shocks. Furthermore, re-shoring is not a one-size-fits-all solution. In some cases, it may be better for businesses to diversify their supply chains rather than move everything back to the country of origin.
This diversification might be accomplished by shifting operations to a variety of countries, regions, or even continents. By distributing operations across several locations, businesses may increase their resiliency and be better prepared to manage supply chain disruptions. Therefore, the answer is that re-shoring is not the best approach to deal with shocks like Covid-19 or similar events. Companies should consider a variety of options to minimize the impact of such shocks. In conclusion, businesses must assess the advantages and disadvantages of re-shoring, as well as other possibilities, in order to find the ideal solution for their particular supply chain needs. In some cases, re-shoring might be a practical solution, while in others, it may be more appropriate to implement a diversification strategy.
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corporation meaning in simple terms
Answer: A corporation is a legal entity that is separate and distinct from its owners.
A. Outline FOUR (4) functions of the Jamaica Stock Exchange.
Stock exchanges are central trading locations, in which securities of corporations are traded.
B. Explain TWO (2) advantages and TWO (2) disadvantages of listing on the stock exchange to the corporation and its shareholders
C. Differentiate between a market order and a stop order
A. The Jamaica Stock Exchange (JSE) serves several functions:
1. Facilitating primary market offerings: The JSE enables corporations to raise capital by offering their securities, such as stocks and bonds, to the public for the first time. It provides a platform for initial public offerings (IPOs) and other forms of primary market fundraising.
2. Providing a secondary market for trading securities: The JSE acts as a marketplace where investors can buy and sell securities that are already issued. It offers a platform for the trading of stocks, bonds, and other financial instruments, allowing investors to participate in the market and providing liquidity.
3. Promoting transparency and investor protection: The JSE enforces regulations and disclosure requirements to ensure transparency and protect investors' interests. It sets listing rules, regulates market participants, and monitors trading activities to maintain fair and orderly markets.
4. Facilitating price discovery: The JSE provides a platform where the supply and demand for securities meet, allowing market participants to determine fair prices. Through the continuous trading of securities, the JSE contributes to the price discovery process, reflecting the market's perception of a company's value.
B. Advantages of listing on the stock exchange:
1. Access to capital: Listing on the stock exchange provides a corporation with access to a wide pool of potential investors who can purchase its securities. This facilitates the raising of capital for business expansion, research and development, acquisitions, and other investment opportunities.
2. Enhanced liquidity and valuation: Being listed on the stock exchange improves liquidity for the corporation's securities. Shareholders can easily buy and sell their holdings, which can lead to a more accurate valuation of the company. Increased liquidity also enhances the company's ability to attract and retain investors.
Disadvantages of listing on the stock exchange:
1. Regulatory compliance and costs: Listing on the stock exchange requires compliance with various regulations, reporting obligations, and disclosure requirements. These compliance costs can be significant, including expenses related to financial audits, legal counsel, and ongoing regulatory filings.
2. Increased scrutiny and public disclosure: Publicly listed companies face increased scrutiny from regulators, analysts, and the public. They must disclose financial information, business strategies, and other material information that may affect the company's reputation and competitive advantage. This transparency can limit the company's ability to maintain confidentiality and may expose it to more public scrutiny.
C. A market order and a stop order are two types of orders used in stock trading:
1. Market order: A market order is an instruction given by an investor to buy or sell a security at the current market price. When a market order is placed, the trade is executed immediately at the prevailing market price. The priority of a market order is to be executed as quickly as possible, rather than at a specific price. Market orders are suitable when the investor wants to quickly enter or exit a position and is less concerned about the exact price of execution.
2. Stop order: A stop order, also known as a stop-loss order, is an instruction given by an investor to buy or sell a security once its price reaches a specified level, known as the stop price. When the stop price is reached, the stop order is converted into a market order, and the trade is executed at the prevailing market price. Stop orders are used as a risk management tool to limit potential losses or protect profits by automatically triggering an order when the market moves in an unfavorable direction.
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What best describes the purpose of the auditors’ consideration of internal control in a financial statement audit for a nonpublic company? A. To determine the nature, timing, and extent of audit testing. B.To make recommendations to the client regarding improvements in internal control. C.To train new auditors on accounting and control systems. D.To identify opportunities for fraud within the client’s operations.
The purpose of the auditors' consideration of internal control in a financial statement audit for a nonpublic company is to determine the nature, timing, and extent of audit testing. (A)
Auditors must consider the internal control of a company in order to plan their audit and determine what kind of testing they need to do. By understanding the internal control, they can assess the risk of material misstatement in the financial statements and design their audit procedures accordingly. This consideration helps them to determine the nature of the audit tests they will perform, the timing of those tests, and the extent to which they will need to test.
It is important to note that the other options, B, C, and D, are not the primary purpose of the auditors' consideration of internal control. While they may make recommendations for improvements or identify potential fraud, these are not the main focus of their consideration. Similarly, training new auditors is not the main purpose of this consideration. Thus, the correct answer is option A. To determine the nature, timing, and extent of audit testing.
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consider the following supply and demand schedule for candy bars: price supply (millions of candy bars) demand (millions of candy bars) $0.25 2 14 $0.50 6 12 $0.75 10 10 $1.00 14 8 $1.25 18 6 $1.50 22 4 $1.75 26 2 what would happen to the price of this product if a tax of $0.75 per candy bar sold were enacted by the government? the equilibrium price is now $ and the equilibrium quantity is now
If a tax of $0.75 per candy bar sold were enacted by the government, it would increase the cost of production for candy bar manufacturers. As a result, the supply curve would shift leftward, indicating a decrease in the supply of candy bars at each price level. This would cause a new equilibrium to be established at a higher price level and a lower quantity.
At the original equilibrium, the quantity demanded of candy bars at a price of $0.75 is 10 million, and the quantity supplied is also 10 million. If a tax of $0.75 per candy bar sold were enacted by the government, the supply curve would shift leftward by the amount of the tax, which is $0.75. This would cause the supply curve to shift up and to the left, indicating that the cost of producing candy bars has increased.
As a result, at each price level, the candy bar manufacturers would supply fewer candy bars. For example, at a price of $0.75, the quantity supplied would decrease from 10 million to 9.25 million. At a price of $1.00, the quantity supplied would decrease from 14 million to 13.25 million.
On the other hand, the demand for candy bars would remain the same, as the tax does not affect the willingness of consumers to buy candy bars. Therefore, the demand curve would stay the same.
The new equilibrium price and quantity would be established at the point where the new supply curve intersects with the original demand curve. This new equilibrium price would be higher than the original equilibrium price, and the new equilibrium quantity would be lower.
After the tax is enacted, the new equilibrium price would be $1.25, and the new equilibrium quantity would be 8 million candy bars. This means that the price of candy bars would increase by $0.50, and the number of candy bars sold would decrease by 2 million.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Decision goes through different process.Elaborate
Case 5: Early Warning or False Sense of Security? Concussion Risk and the Case of the Impact-Sensing Football Chinstrap
"Early Warning or False Sense of Security? Concussion Risk and the Case of the Impact-Sensing Football Chinstrap" is a research paper that explores the effectiveness of impact-sensing football chinstraps in detecting and preventing concussions in football players.
The paper discusses the technology behind the impact-sensing chinstrap, as well as the potential benefits and drawbacks of its use in football. It also examines the limitations and challenges of using this technology to reduce the risk of concussion, and raises questions about the overall efficacy of such devices in addressing the problem of head injuries in football.
The paper highlights the need for further research and evaluation of impact-sensing chinstraps and other concussion prevention measures in order to improve the safety of football players.
-----------The given question is incomplete, the complete question is:
"What is Early Warning or False Sense of Security? Concussion Risk and the Case of the Impact-Sensing Football Chinstrap?"------------
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Which of the following indicates that the assessment of one employee is affecting the ability to be objective when rating another employee? A) Halo error B) Recency error C) 360 degree feedback D) Judgmental methods E) Fixed standards
The answer that demonstrates how one employee's evaluation affects one's ability to rate another employee objectively is A) Halo mistake.
Halo mistake happens when a rater's general opinion of an employee—whether it's favourable or unfavorable—influences how they rate that employee's performance along particular dimensions. This might result in a halo effect when the rater regularly evaluates the other employee higher or worse based on their predetermined notion if the evaluation of one employee is influencing the rater's view or prejudice. This mistake precludes the rater from giving an accurate and objective assessment of the person's performance relative to particular criteria. The halo error impairs the rating process's objectivity and impartiality.
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you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?
the types of milatary are safe
Answer: US Air Force and Navy
Explanation:
Which of the following actions will help limit the access to your network?
Enable the network to look for active devices
Disable firewall guards
Turn off the wireless connection when it is not in use
Question 8 of 10 Which choice best describes differences in corporate decision-making between the United States and the European Union? O A. Workers in the European Union are usually more involved in corporate decision-making. OB. Workers in the United States are usually more involved in corporate decision-making. OC. Workers in the European Union are involved less in decisions over labor. O D. Workers in the European Union are usually less active in trade unions.
The involvement of employees in corporate decision-making is often higher in the European Union, which highlights the disparities between corporate decision-making in the two regions.
What is meant by corporate decision-making?Corporate decision-makers are experts who select options from a variety of options in order to accomplish an organization's objectives and address problems. After choosing the appropriate course of action for their circumstance, they acquire information, assess the available evidence, and take action.
In most cases, the shareholders of a private corporation with many shareholders will either vote on a resolution during a shareholders' general meeting or by written resolution of the shareholders.
Organizations must choose actions that will maximize short-term results and avoid long-term dangers if they want to be competitive and thrive. Making strategic decisions reveals a company's future prospects and the options that can be put into practice to achieve success.
Therefore, the correct answer is option A. Workers in the European Union are usually more involved in corporate decision-making.
The complete question is:
Which choice best describes differences in corporate decision-making between the United States and the European Union?
A. Workers in the United States are usually more involved in
corporate decision-making.
B. Workers in the European Union are involved less in decisions over labor.
C. Workers in the European Union are usually more involved in
corporate decision-making.
D. Workers in the European Union are usually less active in trade unions.
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The outer edge of a circular running track is 330m long. If it is widened by 7m all around, find the cost of widening it at 8 per square metre.
Answer:
Here given that perimeter of circular running track =330m
Let radius=r
As we know that in a circle
\({\boxed{\sf Perimeter=2\pi r}}\)
Substitute the values\(\qquad \quad{:}\longmapsto\tt 2\times\dfrac {22}{7}×r=330 \)
\(\qquad \quad{:}\longmapsto\tt \dfrac {44}{7}r=330 \)
\(\qquad \quad{:}\longmapsto\tt r=\dfrac {330×7 }{44}\)
\(\qquad \quad{:}\longmapsto\tt r=\dfrac{2310}{44}\)
\(\qquad \quad{:}\longmapsto\tt r=52.5 \)
\(\therefore\sf r=53m (Approx)\)
Again
\({\boxed{\sf Area=\pi r^2 }}\)
Substitute the values\(\qquad \quad{:}\longmapsto\tt Area=\dfrac{22}{7}×(53)^2 \)
\(\qquad \quad{:}\longmapsto\tt Area=8828.2m^2 \)
\(\therefore\sf Area=8828m^2 (Approx)\)
Nowthe radius is increased by 7m
Hence
New radius=(x+7)m=53+7=60m
New Area=
\(\qquad \quad{:}\longmapsto\tt \pi. r^2 \)
\(\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}(60)^2 \)
\(\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}×3600 \)
\(\qquad \quad{:}\longmapsto\tt 11314.28m^2 \)
\(\therefore\sf AREA=11314m^2 (Approx).\)
nowArea of widened Area=New area-Old Area
\(\qquad \quad{:}\longmapsto\tt 11314-8828 \)
\(\qquad \quad{:}\longmapsto\tt 2486m^2 \)
Cost of widening per square=8Total cost=
\(\qquad \quad{:}\longmapsto\tt 2486×8 \)
\(\qquad \quad{:}\longmapsto\tt 19888\)
\(\therefore\sf Total\:cost\:is\: 19888.\)
Can't understand the attachment?Here is a latex diagram for your question.
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An example of a cost is _____.
revenues
principal and interest on loans
tornadoes
profits
The _______ describes the personal requirements you expect from an employee and can include educational requirements and specialized skills needed. Question 14 options: job analysis job specification job description screening tool
The job description describes the personal requirements you expect from an employee and can include educational requirements and specialized skills needed. The correct option is c.
What is a job description?A job description is a useful, plain-language tool that explains the tasks, duties, functions and responsibilities of a position. It details who performs a specific type of work, how that work is to be completed, and the frequency and purpose of the work as it relates to the organization's mission and goals.
Job descriptions are used for a variety of reasons, such as determining salary levels, conducting performance reviews, clarifying missions, establishing titles and pay grades, creating reasonable accommodation controls, and as a tool for recruiting. Job descriptions are useful in career planning, offering training exercises and establishing legal requirements for compliance purposes.
A job description gives an employee a clear and concise resource to be used as a guide for job performance.
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Which of the following acts required management to bargain with labor unions in good faith?
a. Taft-Hartley
b. Wagner Act
c. Landrum-Griffin Act
d. Sherman Act
e. Union Shop Act
The Wagner Act required management to bargain with labor unions in good faith.
The Wagner Act (also known as the National Labor Relations Act) is the correct answer. This act required management to bargain with labor unions in good faith. The Wagner Act was passed in 1935 and aimed to protect the rights of employees and employers and encourage collective bargaining.
Under the Wagner Act, employers are obligated to engage in collective bargaining with labor unions that represent their employees. This means that both parties, management, and the labor union, must come to the bargaining table and negotiate in good faith to reach agreements on various terms and conditions of employment, such as wages, working hours, and benefits.
The act established the National Labor Relations Board (NLRB) to oversee and enforce labor relations laws. The NLRB ensures that both management and unions adhere to the principles of good faith bargaining, preventing unfair labor practices and promoting a fair and balanced negotiating process.
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One of the "7 determinants of productivity, income, and wealth" is "seemingly unrelated market condition," which refers to the recognition that differences in income or wealth across individuals could result from differences in:.
The differences in income or wealth across individuals could result from differences in A) income depends in part upon economic conditions beyond our control; a worker's value ...
What are the sources of income?The different income sources include:
WorkingProducing a product or serviceInvesting capitalEarning pensions and other government programsSelling goods or services above the cost of production.Answer Options:A) income depends in part upon economic conditions beyond our control; a worker's value depends greatly upon the price of the product he helps produce (e.g., a wage of a coal miner would increase if we ran out of oil)
2) the natural talents that people are endowed with at birth
3) the skills and experiences that people acquire through education, training, and work
4) how hard individuals choose to work
Thus, the differences in income or wealth across individuals could result from differences in Option A.
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Before :110 After :143 percentage percentage
Answer:
19%
Explanation:
Which of the following is NOT a good way to discover information about a career that seems interesting to you?
Ask questions of someone in that career
Pick a career from an internet ad
Search the internet for information
Job shadowing or an internship in that career
Answer: Do NOT just pick a career from an ad.
Explanation:
Ads are a lot of the time unimformative (lacking information), so if you are trying to find information, ads are not the way to go.
What is the main goal of real estate investing?
Answer:
The big goal of real estate investing is to increase your cash, otherwise known as building capital.
Jim had a very good quarter at his car lot with net sales reaching just over $456,000. This created a net income of $195,000. If Jim’s operating expenses last quarter were $23,000, what was his gross profit margin?
A. 5.0%
B. 37.7%
C. 42.8%
D. 47.8%
Answer:
d. 47.8%
Explanation:
i took the test
47.8% was Jim's gross profit margin. The correct option is D.
What is a good general profit margin?Although net profit margins differ by industry, the Corporate Finance Institute states that 20% is good, 10% is average or standard, and 5% is low or poor. Companies can pay their expenses and make a profit when their profit margins are high.
Given
Net Sales = $456,000
Net Profit = $195,000
Expenses = $23,000
Required to Calculate Gross Profit Margin here =?
Gross Profit Margin = Gross Profit x 100 / Net sales
Gross Profit = Net Profit + Operating Expenses
= 195,000 + 23,000 = $218,000
Gross Profit Margin = 218000 x 100 / 456000 = 47.8%
Net sales less cost of goods sold is how the analytical metric known as the gross profit margin is expressed for a business (COGS). The gross profit as a percentage of net sales is known as the gross profit margin. 47.8% was the gross profit margin.
Thus, the ideal selection is option D.
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