the demand for a good is given by qd = 750 – 0.4p. what is consumer surplus at a price of $80?

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Answer 1

The demand for a good is given by QD = 750 – 0.4P. At a price of $80, we see that demand is Qd = 750 - 0.4*80, Qd = 718. Consumer surplus = 0.5*(1875 - 80)*718 = $644,405.

In economics, a commodity is an object that satisfies a human need and provides utility to consumers and others who purchase satisfying products. A distinction is generally made between transferable goods and non-transferable services.

A good is an "economic good" if it is useful to humans but is so scarce in relation to human demand that human bis required to obtain it. In contrast, free goods like air are naturally abundant and need not be consciously acquired.

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Related Questions

A company bought a computer for 1500 three years later the computer was sold for 300.

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Gain/loss on asset sale and sales revenue are the accounts that will be utilized to record the disposal accounts of the assets.

A disposal account is what, exactly?

The gain or loss account that shows up on the income statement is calculated using a disposal account. The net carrying amount of the fixed asset that is being sold off is subtracted from the disposal proceeds, and this difference is recorded in the disposal account. In light of this, Gain/loss on sale of asset and Sales Income will be the accounts utilized to record the disposal of the assets. When an asset is sold, its cost, any accrued depreciation, and any impairment losses are removed from the balance sheet, and any cash receipts and the associated gain or loss are recorded on the income statement.

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slpl co., a supermarket chain in dallas, is continuously working with its customers and other stakeholders. it frequently conducts surveys, for example, to discover newer and better ways to deliver an improved level of value. according to kotler and armstrong, which level of relationship is being maintained by the supermarket with its customers?

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A partnership-level relationship may be maintained between the Dallas-based supermarket chain, SLPL Co., and its customers by continually collaborating with them and other stakeholders.

A partnership is a contract that requires two or more people to manage a business together and share earnings. A partnership-level relationship may be maintained between the Dallas-based supermarket chain, SLPL Co., and its customers by continually collaborating with them and other stakeholders.

Different types of partnership agreements exist. Particularly, in a partnership business, all partners share profits and liabilities equally, however in other circumstances, partners may have limited liability. Another option is the so-called "silent partner," in which case one party does not take part in the day-to-day activities of the business.

A partnership, in the broadest sense, can be any endeavor in which several parties collaborate. The parties can be corporations, nonprofits, governments, or ordinary people.

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Was Gershwin a jazz composer?

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Yes, George Gershwin, an American composer, was a jazz composer.

B. George Gershwin was an American composer, pianist, and songwriter who was a pioneer of the American popular music scene of the 1920s and 1930s. He is widely considered to be one of the most influential composers of the 20th century.

Gershwin was a composer who wrote in a variety of genres, including classical, jazz, and popular music. His most famous works include the compositions Rhapsody in Blue and An American in Paris, as well as the opera Porgy and Bess.

Gershwin's music drew on a variety of influences from both classical and popular music, as well as from African American folk music.

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A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $0. 80 per box on an annual basis.

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Every year, a car rental service utilizes 96 boxes of staples. Each of the boxes costs $4. Staples cost $10 to order, and annual carrying expenses come out to $0.80 per box. = $55.42

What types of orders exist?

Understanding how any order type differs is essential since they could have quite different outcomes. Here, we'll focus on the market ", limit order, and halt order and discuss how they differ and when to consider each.

Briefing

According to the scenario, the computation of the given data are as follows:

Boxes use = 96 boxes

Cost = $4 per box

Staple cost = $20

Carrying cost = $0.80

So, we can calculate the annual cost of ordering and carrying by using following formula:

Annual cost = (EOQ ÷ 2) × Carrying cost + (Boxes use ÷ EOQ) × Staple cost

Where, EOQ = ( 2 × 96 × 20 ÷ 0.80)^1/2 = 69.28

So, by putting the value, we get

Annual cost = ( 69.28 ÷ 2) × $0.80 + ( 96 ÷ 69.28) × $20

= $27.71 + $27.71

= $55.42

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Who announced the Open Door Policy to keep China open to trade with all nations?

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The term "Open Door Policy" is used to describe a new policy introduced by Deng Xiaoping in December 1978 to facilitate the entry of international companies seeking to establish operations in China.

The economic initiative started by Deng Xiaoping in 1978 to open China to international companies who wished to invest in the country is also referred to as "Open Door." China's economic change was sparked by the policy. In the 20th and 21st centuries, academics from the neorealist school, including Christopher Layne, have broadened the term's use to applications in "political" and "economic" open door policies of states generally, which interact on a worldwide or international basis.

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Secretary of State John Hay announced the Open Door Policy to keep China open to trade with all nations.

Open Door policy, a set of guiding principles established by the United States in 1899 and 1900 to maintain Chinese territorial and administrative integrity as well as the safeguarding of equitable rights among nations dealing with China. John Hay, the secretary of state for the United States, sent circular notes with the declaration to Japan, Russia, France, Germany, and Italy. In the US, the Open Door policy was largely welcomed, and for more than 40 years it served as the cornerstone of American foreign policy in East Asia.

The Open Door notes of 1899 stipulated that each great power should maintain unrestricted access to any treaty port or other vested interest within its sphere, that only the Chinese government should be in charge of collecting trade taxes, and that no great power with a sphere should be given a pass on paying harbour dues or railroad fees. Hay regarded the evasive responses from the other nations as acceptances.

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What advertising method is most effective?

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Newspapers, magazines, TV and radio shows, direct mail, billboards, posters, transit advertising, and many media are traditional forms of advertising.

Briefing:-

The use of digital technology by marketers to draw more attention to their brands and causes has increased in the twenty-first century.

What are the 4 different sorts of advertising?

Publicity on a display.

advertising using video.

Mobile Marketing.

'Native Advertising'

Give an example of what advertising is.

These particular ads include: Print advertisements can be seen in newspapers, journals, brochures, etc. Broadcast advertising includes commercials on radio and television. Outdoor advertising includes hoardings, banners, flags, and vehicle wraps. Digital advertising is the presentation of advertisements on digital devices and the internet.

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river city has adopted gasb statement no. 34, basic financial statements and management's discussion and analysis for state and local governments. river has a defined contribution pension plan. how should river report the pension plan in its financial statements?

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I only . A useful policy cash flows statement cannot be created with governmental-type money. It is only necessary to include monies for business-related operations in the cash flow statements.

Why is cash crucial to a business?

A company's ability to create a enough cash itself from operations is essential to its ability to pay its bills, pay back investors, and expand. Cash is just the lifeblood of an organization.

What further cash ought to be on hand for my company?

How much cash should a business hold in reserve? Experts recommend setting away 3-6 months' average of spending as a general guideline. However, the correct response will differ depending on a number of variables, including your business stage and financial availability.

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Operations management has the primary responsibility of: O replacing quality with productivity in the manufacturing of goods. O creating goods and services that satisfy customers O securing funds for the activities of an organization. O developing only intangible products. O conducting research on consumer behavior.

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Operations management has the primary responsibility of creating goods and services that satisfy customers.

What is operations management?

operations management alludes to the investigation of overseeing and controlling the different creative processes associated with the creation of various items and administrations.

Tasks the board is worried about the accompanying:

PlanningManagingSupervising productionManufacturingDistribution

Operations management is the directing and planning of the creation, assembling, and dispersion of items and administrations, especially to ensure all cycles are moving as productively as could be expected. Creation and tasks are the administration of cycles and activities utilized by organizations in the development of their labor and products.

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Which of the following statements is true of supply chain management?

O It reflects a completely employee-driven management philosophy.

O It enables supply chain managers to focus on pushing products down the marketing channels to consumers.

O It enables supply chain managers to respond quickly to sudden changes in supply or demand.

Answers

Supply chain management enables the supply chain managers to make quick responses to the sheer changes in the demand or supply of a product within the market is the statement that holds true to the concept. Therefore, the option C is correct.

The concept of supply chain management can be ideally interpreted as the practice of effective management of the distribution and availability of the products in the market. The concept of supply chain management was popularized by Henry Ford, after he introduced the system in his production unit.

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Who is responsible for making US foreign policy ?

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The President of the United States has the authority to make foreign policy pursuant to Article Two of the United States Constitution, including the authority to direct the armed forces, negotiate treaties, and designate ambassadors.

According to the Department of State's Foreign Policy Agenda, the official objectives of American foreign policy, including those of all its bureaus and offices, are to "create and sustain a more democratic, secure, and prosperous world for the benefit of the American people and the international community." "Export controls, including nonproliferation of nuclear technology and nuclear hardware; measures to foster commercial interaction with foreign countries and to safeguard American business abroad; international commodity agreements; international education; protection of American citizens abroad; and expulsion," the United States House Committee on Foreign Affairs states as some of its jurisdictional goals. Both domestically and internationally, there has been considerable discussion, praise, and criticism of American foreign policy and foreign aid.

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Loan amortization is based upon
Option A: present value of an annuity.
Option B: future value of an annuity.
Option C: future value.
Option D: present value.

Answers

Option (A), Loan amortization is computed by dividing the loan amount (plus interest) into a certain number of equal installments over a predetermined period of time. As a result, it runs on the principle of an annuity's present value.

The definition of debt amortization

A progressive change in your loan payments is referred to as "amortization." You'll continue to pay the same amount each month. However, the cost of interest does progressively decrease from month to month. This happens because your loan balance, not your monthly payment, determines interest rates, not the other way around.

How is the loan's amortization determined?

It is common practice to calculate this by multiplying the outstanding loan balance by the interest rate in effect at the time. This interest rate could be calculated as 1/12 of the interest rate times the starting debt, for instance, if a payment is required each month.

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A dairy buys $50,000 worth of milk and spend $5,000 on cartons and utilities. It sells the cartons of milk to a grocery store for $60,000 that then sells all of the cartons to consumers for $65,000. How much do these actions add to GDP

Answers

The actions add $15,000 to the GDP. The dairy’s purchase of milk adds $50,000 to the GDP, as it represents an increase in the value of the economy.

Similarly, the purchase of cartons and utilities adds another $5,000 to the GDP. The sale of cartons to the grocery store adds $60,000 to the GDP. This is the amount the grocery store pays for them, meaning it is a new addition to the economy.

Lastly, when the grocery store sells cartons of milk to consumers for $65,000, this adds another $5,000 to GDP. This is the difference between the amount the grocery store paid for the milk and the amount it sold it for, indicating that it also added value to the economy. All in all, these actions add $15,000 to the GDP.

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You've landed a positive story for your client's financial services start-up on the front page of the Wall Street Journal. Your clients consider this a big win, because it builds the start-up's legitimacy. This example best describes

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You've landed a positive story for your client's financial services start-up on the front page of the Wall Street Journal. Your clients consider this a big win, because it builds the start-up's legitimacy. This example best describes conferral status.

The mass media is a means of conveying messages that relate directly to the wider community through media such as radio, television or newspapers.

Conferral status is the idea that the mass media gives an assessment or award status to a person or organization. A positive story published on the front page of the Wall Street Journal for financial service start-ups that can enhance a company's positive image among the public. The review in the pages of the Wall Street Journal is a misrepresentation of company performance and is a status conferral in the above context.

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How do I disable firewall protection?

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Turn Microsoft Defender on or off: Select Start, and then open Settings. Select a network profile: domain network, private network, or public network. Enable the setting in Microsoft Defender Firewall.

The required details for Windows Firewall in given paragraph

Disable parameters Windows Firewall (official name Microsoft Defender Firewall in Windows 10 version 2004 and later) is a component of Microsoft Windows Firewall. It was first included in Windows XP SP2 and Windows Server 2003 SP1. Before the release of Windows XP Service Pack 2, it was known as "Internet Connection Firewall". When Windows XP originally shipped in October 2001, it included a limited firewall called "Internet Connection Firewall ". It has been disabled by default due to backward compatibility issues and the setup screens have been hidden in the network setup screens that many users never see.

Consequently, it was rarely used. In mid-2003, the Blaster worm attacked a large number of Windows computers by exploiting vulnerabilities in the Windows RPC service.  A few months later, the Sasser worm did something similar.

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Solomon & Saunders, CPA's prepared the audited financial statements of Hamilton Services for the year ended December 31, 20X1 with the report thereon issued on February 5, 20X2. The firm is now in the process of performing the audit for the year ended December 31, 20X2 and anticipates that its report thereon will be issued on February 15, 20X3. Due to some financial difficulties, Solomon & Saunders, CPA's allowed Hamilton Services to defer payment of billed fees for an extended period of time. In addition, the firm delayed the billing of some fees and had Hamilton Services sign a note for the oldest fees. The face value of the note is $50,000, the interest rate is 8%, and the due date is February 1, 20X3. The fees included in the note were for services provided between November 1, 20X1 and February 1, 20X2. Based on the above, which of the following situations would impair the firm's independence with respect to Hamilton Services for the December 31, 20X2 audit engagement?
Top of Form
· a) Fees for the preparation of the Hamilton Services tax returns for the year ended December 31, 20X1 were paid on February 10, 20X3. Th`e work on the tax return began on February 7, 20X2 and ended on February 9, 20X2.
· b) Fees for services provided by the firm for the period July 1, 20X2 through December 31, 20X2 were billed to Hamilton Services on March 1, 20X3.
· c) The $50,000 note was paid in full, including interest, on February 14, 20X3.
· d) All of the above would impair the firm's independence
· e) Neither a, b, nor c would impair the firm's independence

Answers

It is important to note that "All of the above would impair the firm's independence with respect to Hamilton Services for the December 31, 20X2 audit engagement." (Option D)

What is the rationale for the above choice?

Allowing Hamilton Services to defer payment of billed fees for an extended period of time, delaying billing of some fees, and having Hamilton Services sign a note for the oldest fees jeopardizes the firm's independence by creating a financial dependence on the client and potentially making the auditor more susceptible to pressure.

Furthermore, because the note was due before the audit report was produced, the timing of all of these occurrences may be interpreted as a possible compromise of the auditor's objectivity and integrity.

For your information, an audit engagement is an agreement between an auditor and a client to audit the client's accounting records and financial statements.

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24) Firms seek to maximize: A) total revenue. C) total profit. 24) B) market share. D) per unit profit. 25) Which of the following statements is correcf 25) A) The demand curve for demand curve for a purely competitive r a purely competitive firm is perfectly elastic, but the industry is downsloping. demand curves are downsloping for both a purely competitive firm and a purely competitive industry C) The demand are purely competitive industry D) The demand curve for a purely competitive firm is downsloping. curves are perfectly elastic for both a purely competitive firm and a but the demand curve for a purely competitive industry is perfeetly elastic. 26) The MR MC rule applies: 26) A) to firms in all types of industries B) only to purely competitive firms C) only to monopolies. D) only when the firm is a "price taker. 27) Which of the following is not a valid generalization concerming the relationship between 27) price and costs for a purely competitive seller in the short run? A) Price must be equal to or greater than minimum average variable cost for the firm to continue producing. B) Price times quantity produced must be equal to or greater than total variable cost for some level of output or the firm will close down in the short run. C) Price may be equal to, greater than, or less than average total cost. D) Price must be at least equal to average total cost. 28) 28) A purely competitive firm's short-run supply curve is: A) upsloping only when the industry has constant costs. B) perfectly elastic at the minimum average total cost. C) upsloping and equal to the portion of the marginal cost curve that lies above the average total cost curve. of the marginal cost curve that lies above the D) upsloping and equal to the portion average variable cost curve. AVC. You 9) price of your prodact is less than minimum Av 29) Suppose you find that the A) close down becau B) close down because, by producing, your losses will ex C) maximize your profits by producing where P-MCed o total D) minimize your losses by producing where P MC should: use total revenue exceeds total variable cost. A-5

Answers

A firm seeks to maximize its total profit. Hence the correct answer is Option A.

A profit can be defined as an amount of money that a company gains when it is paid more for something than it brought.

Total profits can be defined as the amount of difference between the total price at which the underwriters sell the shares to the public and the total price that the underwriters pay to purchase the Shares from the Company.

A firm is defined as a for-profit business organisation. It is usually formed as a partnership that provides professional services, like legal or accounting services. Firms works on the theory to maximize the profit. Examples of firms include a sole proprietorship, partnership, limited liability company, or corporation. The term firm, is commonly associated with a partnership.

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Correct Question

Firms seek to maximize:

A) total revenue.

B) total profit.

C) market share.

D) per unit profit.

global products are most commonly seen in industries where there is ________.
A) little convergence of buyer preference across national borders
B) low pressure to contain costs
C) high demand for customized products
D) significant price competition

Answers

Global products are most commonly seen in industries where there is significant price competition.

The practise of choosing strategic price points to take advantage of a global market for goods or services in relation to competition is known as competitive pricing. Since services can differ from business to business while a product's features stay the same, businesses offering identical products tend to utilise this pricing strategy more frequently.

This kind of pricing approach is typically employed once a product or service's price has stabilised, which happens when the product has been in the market for a considerable amount of time and has a wide range of substitutes.

The correct answer is option D.

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other things equal, when the supply of workers is low, one would predict that market wages would be

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other things equal, when the supply of workers is low, one would predict that market wages would be the supply of labor is low.

The amount of work sought will decrease, and the demand curve will shift upward. If salaries and wages decline, employers are more likely to expand their workforce. The demand curve will slope downward as the quantity of labor needed increases.

The supply of labor curve's key relationship is the barter between work and leisure. More people opt to work as a result of higher earnings, which increases the possible losses of leisure. The substitutability effect of rising wages causes labor supply to rise while the income effect of rising wages causes it to fall.

Most economics textbooks taught that salaries were influenced by demand and supply just like any other price. Due to the fact that employees provide it and companies.

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during the _____ stage of team development, the major emphasis is on task accomplishment.

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In the adjourning stage, most of the team’s goals have been accomplished. The emphasis is on wrapping up final tasks and documenting the effort and results.

Individual team members may be transferred to other teams as the workload decreases, leading to the team's dissolution. A formal acknowledgement of the team's labour and achievements can be helpful because there might be regret as the team comes to an end. If the group is a permanent committee with ongoing duties, members may be changed, and the group may return to the forming or storming stage and go through the development process again.

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What is the highest paid accounting job?

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The highest-paid accounting job is that of a chief financial officer (CFO).

A CFO is responsible for the financial planning and management of a company. They are in charge of making sure the company meets its financial goals and objectives. CFOs typically have a background in accounting and finance, and they use their knowledge to oversee the financial operations of the company.

CFOs are typically paid a salary and bonuses. They may also receive stock options and other benefits. The exact compensation package depends on the company and the CFO's experience and qualifications.

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You represent a decision in a flowchart by drawing a decision symbol, which is shaped like a ____.
a. parallelogram
b. square
c. diamond
d. circle

Answers

The correct response is c. diamond. In a flowchart, a decision is represented by a decision symbol that looks like a diamond.

The atoms of diamond are grouped in a crystal structure known as diamond cubic, and it is a solid form of the element carbon. The chemically stable form of carbon at room temperature and pressure is another solid form of carbon known as graphite, however diamond is metastable and converts to it at a very slow rate under those conditions. Because of its superior hardness and thermal conductivity compared to other natural materials, diamond is frequently employed in high-tech industrial products like cutting and polishing equipment. Additionally, they allow materials to be subjected to the intense pressures found deep inside the Earth in diamond anvil cells. Few sorts of impurities can contaminate diamond due to the exceedingly rigid atom arrangement in it (two exceptions are boron and nitrogen). About one per million of the lattice atoms in a diamond has a flaw or impurity that is either blue (from boron), yellow (from nitrogen), brown (from defects), green (from radiation exposure), purple, pink, orange, or red. The optical dispersion and refractive index of diamond are also quite high.

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Who is in charge of foreign policy?

Answers

The United States President sets foreign policy in accordance with the Constitution. The President's chief foreign policy advisor is the Secretary of State, who was nominated with the Senate's approval and guidance.

What exactly is foreign policy?

National governments make use of a foreign policy strategy to guide their diplomatic efforts and connections with other countries. The goals and values of a country are represented by its foreign policy, which also serves to further its political and economic aims abroad.

A country's relationships with people from other countries and members of international organizations like the United Nations will be influenced by a variety of foreign policies, many of which place a strong focus on both national and international security.

When directed by foreign policy, diplomats and diplomatic institutions can work together across state boundaries to tackle common problems, promote stability, and protect common interests.

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The President of the United States sets foreign policy in conformity with the Constitution. His primary foreign policy adviser is the Secretary of State, who was selected by the President with Senate approval.

According to the U.S. Constitution, the legislative and executive branches of government are each assigned certain authority over foreign affairs. It grants the president sole authority over some matters, such as military leadership, while giving Congress sway over other matters, such as controlling international trade. While other powers are either shared by the two or are not used at all.

"The Constitution, viewed purely for its affirmative grants of power capable of influencing the problem, is an invitation to seek for the privilege of steering foreign policy," said constitutional scholar Edward S. Corwin in 1958

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What information appears on a W-2 form choose all correct answers?

Answers

The income you received from your employer and the total amount of taxes are both detailed on your W-2 tax form.

What is Form W-2?Employers must use Form W-2 to provide information to the IRS on employee wages and salaries. Your W-2 also contains crucial information regarding the sum of federal, state, and other taxes deducted from your pay as well as other employer-provided benefits including health insurance, adoption and dependent care aid, contributions to health savings accounts, and more. When completing your tax return as an employee, the data on your W-2 is crucial.A W-2 should typically arrive from your company close to the start of the next year if you were an employee during a specific year.The IRS mandates that your employer provide you a W-2 by January 31st after the close to ensure that you receive it in time.

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What should be prepared before creating a business plan?

Answers

You should convert these early notes into a sales estimate and a spending budget as you develop your business concept. But for your initial 20-minute plan, just outline a few of the services you'll bill for and the significant costs you'll incur as you run your business.

business concept.

A firm cannot exist without a basic premise, which is a business concept. For the business to succeed, it is not necessary for it to be distinctive. For instance, you can use franchising to create an established business concept in a new market. Create a written description of your business idea.

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In which way can a person's individual choice to recycle plastic products positively affect the environment for all?

The local recycling company earns higher revenue.
Less potentially toxic waste ends up in landfills.
More companies explore using recyclable packaging.
The waste management company lays off many workers.

Answers

Answer:

The way in which a person's individual choice to recycle plastic products can positively affect the environment for all is: Less potentially toxic waste ends up in landfills.

Explanation:

When plastic products are recycled, they are processed and made into new products, rather than being disposed of in landfills. This can help to reduce the amount of plastic waste that ends up in landfills, which can have negative environmental impacts. Landfills can release methane, a potent greenhouse gas, into the atmosphere, and they can also contaminate soil and water resources. By recycling plastic, we can help to reduce the environmental impacts of waste disposal and protect natural resources.

While the other options you have provided may be true in some cases, they are not direct ways in which recycling plastic can positively affect the environment for all.

What are the 4 factors of demand?

Answers

The four components of demand are the product's price, the consumer's income, the cost of related goods, and the tastes and preferences of the consumer.

Demand in economics refers to a consumer's desire to buy products and services as well as their readiness to pay a given price for them. The quantity demanded of an item or service typically decreases as its price rises. The amount demanded will rise in response to a decrease in the cost of a commodity or service.

Because it makes sense and organically happens throughout nearly any day, demand is a concept that both consumers and businesses are highly familiar with. For instance, customers who are keeping an eye on certain items may purchase more of them when the prices are low. Shoppers purchase fewer items or sometimes none at all when anything occurs that increases the price, such as a change in season.

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The cost of similar goods, the consumer's income, the product pricing, and the consumer's likes and preferences make up the four factors that influence demand.

What exactly does "demand" mean?

Economics uses the term "demand" to describe a consumer's willingness and desire to purchase goods and services at a specific price. Usually, when an item or service's price grows, so does the amount requested for it. When the price of a good or service drops, demand will increase in response. Demand is a term that both customers and businesses are quite familiar with because it makes sense and naturally happens throughout practically any day.

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How do I reboot my email program?

Answers

To reboot the email programs open options, select apps, From the list, choose the Calendar and Mail app. Select the link for advanced options. Link to the app's advanced options.

Select "Reset" from the menu. Reset the Windows 10 Mail app. To confirm, click the Reset button once more.

Why doesn't email work anymore?

Email may stop working for a variety of reasons, including incorrect email passwords and settings. However, checking for any error messages on your end is the first step in determining the problem with your email.

What is the name of an email program?

A computer program that is used to access and manage a user's email is known as an email client, email reader, or, more commonly, a message user agent (MUA) or mail user agent.

What does the email program do?

The internet-based exchange of computer-stored messages between one user and one or more recipients is known as electronic mail. Emails are a quick, low-cost, and easy way to communicate for personal or business purposes.

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The control features of a bank account do not include O having bank auditors verify the correctness of the bank balance per books. O safeguarding cash by using a bank as a depository. O minimizing the amount of cash that must be kept on hand. O providing a double record of all bank transactions.

Answers

The control features of a bank account do not include all of the above.

What is bank account?The advantages of having a checking account are numerous. One of the most common is the ability to use a debit card, which is useful if you don't want to carry cash around with you when you make purchases. If you have an account, you can also write checks. This may not seem important, but you'd be surprised at how frequently you'll be asked to use or provide a check, such as when paying rent. Although some people choose to use credit cards to pay for daily expenses, if you don't pay off your balance or make payments on time, you run the risk of being charged fees and interest.

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Contribution margin is: O the excess of sales revenue over variable cost O another term for volume in the "cost-volume-profit" analysis O the excess of sales revenue over cost of goods sold O variable costs less fixed costs

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The contribution margin shows how much additional revenue is generated by making each additional unit product after the company has reached the breakeven point.

What is breakeven point?When your company reaches a break-even point, your total sales equal your total expenses. This means that you’re bringing in the same amount of money you need to cover all of your expenses and run your business. When you break-even, your business does not profit. But, it also does not have a loss.Typically, the first time you reach a break-even point means a positive turn for your business. When you break-even, you’re finally making enough to cover your operating costs.The break-even point in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.

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Treasury bills are financial instruments issued by ________ to raise funds.
A) commercial banks
B) the federal government
C) large corporations
D) state and city governments

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Treasury bills are financial instruments issued by the federal government to raise funds.

The US Treasury issues Treasury Bills (also known as T-Bills), a short-term financial instrument having maturities that range from a few days to 52 weeks (one year). Since they are supported by the full faith and credit of the United States Government, they are regarded as among the safest investments.

The short-seller benefits from the deal if the price has declined. Companies that invest in various money market products, such as commercial paper, certificates of deposit, Treasury bills, and repos, sell securities known as money market mutual funds (MMMFs).

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