What is a fixed and variable expense and provide an example of each?

B. The satisfaction or pleasure obtained from consuming a good or service  best defines utility.

Utility is a term used in economics to describe the value or worth of a good or service. Utility is more exactly the overall satisfaction or benefit obtained from using a good or service.

It is a common assumption in economic theories of rational choice that customers will attempt to maximize their utility. Understanding a good or service's economic utility is crucial since it has a direct impact on its demand and, consequently, price.

Consumer utility is typically impossible to gauge or quantify in practice. However, some economists think that by using several models, they can indirectly evaluate the usefulness of an economic commodity or service.

To know more about utility:

https://brainly.com/question/14597445

#SPJ4

The people might be hesitant because a) they perceived the automation as an effort to reduce the number of employees needed in the clean room.

The introduction of automation into the clean room environment can be daunting for employees. The perception of automation often brings to mind a reduction in the number of personnel needed to complete required tasks. Hence, the correct option is a.

It's understandable that the production people may be hesitant, especially if they perceive the change as an effort to reduce the number of employees needed.

However, automation can actually help to increase the overall efficiency of the clean room and in turn, create more opportunities for employees to work in new and innovative ways.  It can help to streamline and simplify processes, making work easier and more enjoyable for employees.

Although a part of your question is missing, you might be referring to this question:

The engineering team at PlastiPharm recently identified a way to automate another of the processes in the clean room and requested a kaizen burst to test their idea. Several people from production were asked to participate in the event but did so with reluctance. Which of the following statements best explains why they would be hesitant to automate a process that would improve efficiency and accuracy?

a) they perceived the automation as an effort to reduce the number of employees needed in the clean room.

b) Reluctance on the part of the employees could be evidence of frustration with someone who thinks they know how to do their jobs better than they do.

c)The employees could be reluctant because they’ve been through many kaizen bursts that have resulted in no improvements being made.

d) The employees might be hesitant to participate because they recognized that the kaizen event would require more of their time—time better spent at their regular jobs.

To learn more about production, click here:

https://brainly.com/question/16755022

#SPJ4

B.) $8,419.11 . The worth of an asset at a future date is referred to as its future value. It is the present value multiplied by the accumulation function; it is the nominal future quantity of money.

that a particular sum of money is "worth" at a certain period in the future value assuming a specific interest rate or, more broadly, rate of return. The value does not account for future inflation or other variables that may impact the real worth of money. This is utilized in calculating the time value of money. Money's worth changes throughout time: $100 now is worth less than $100 in five years. This is owing to the fact that one can put $100 today in an interest-bearing bank account or any other investment, and that money will grow/shrink as a result of inflation.An investor with some money has two choices: spend it now or invest it later. The financial benefit of storing it (rather than spending it) is that the money worth will grow due to the interest he would earn from a loan (the bank account on which he has the money deposited).

learn more about  future value here:

https://brainly.com/question/8286272

#SPJ4

Journal entries are those that are made at the beginning of the bookkeeping process. Once the entries have been put in the journal, ledger accounts are created for the next step in the process.

Each diary entry must have two accounts, one credit and one debit, in double-entry accounting. The number of additional accounts an accountant can include in a personal journal after the first two is unlimited.

The cash receipts journal, monthly bank journal, cash sales journal, and cash purchases journal are the four primary special journals. These unique journals were created because certain journal entries recur.

To know more about journal entry visit:

https://brainly.com/question/20421012

#SPJ4

Market economy is least likely to see the benefits of prices .

In a market economy, the majority of the resources are owned by people rather than the government. This pertains to labor, capital, and land. In a market economy, people regulate the usage and cost of these resources by their free choices in the market.

A market economy, sometimes referred to as a free market or free enterprise economy, is a system in which supply and demand dictate economic decisions, such as the prices of goods and services.

We refer to this as a market economy. People, not the government, are in charge of the economy. The market economy of the United States is capitalist.

To learn more about market economy refer to :

https://brainly.com/question/11471834

#SPJ4

The US retail sector has the highest concentration of large retail companies and the highest retail density.

The development of urban covered markets, specialized stores, and department stores during the 18th and 19th centuries marked the beginning of retail as an organized sector. In the late 1800s, catalogs offered consumers for the first time the chance to shop without leaving their homes.

The danger of supply chain disruption and the environmental impact of using raw materials are the two key factors that have an impact on retail. Every use of natural resources has some negative effects on the environment, and more people are concerned about reducing those effects.

To know more about retail density visit:-

https://brainly.com/question/14821691

#SPJ4

The US retail sector has the highest concentration of large retail companies and the highest retail density.

The development of urban covered markets, specialized stores, and department stores during the 18th and 19th centuries marked the beginning of retail as an organized sector. In the late 1800s, catalogs offered consumers for the first time the chance to shop without leaving their homes.

The danger of supply chain disruption and the environmental impact of using raw materials are the two key factors that have an impact on retail. Every use of natural resources has some negative effects on the environment, and more people are concerned about reducing those effects.

To know more about retail companies visit:-

brainly.com/question/29024439

#SPJ4

In Florida and some other states, cellular emergency calls are directed to the state police (*FHP on your cellular phone).

A division of the Florida Department of Highway Safety and Motor Vehicles is the Florida Highway Patrol. The primary law enforcement organization in charge of looking into traffic accidents and breaking the law on Florida's highways is the state's highway patrol. A total of 2,496 full-time employees, including 1,982 sworn positions and 514 non-sworn positions, are permitted for the Florida Highway Patrol. For Human Peoples, Forest Health Protection (USDA Forest Service), Fractional Horsepower, and Functional Health Pattern are all abbreviations for For Human Peoples. A division of the Florida Department of Highway Safety and Motor Vehicles is the Florida Highway Patrol (FHP). Upholding highway safety is the Florida Highway Patrol's (FHP) top priority. Troopers achieve this by patrolling frequently and carrying out enforcement.

To learn more about FHP refer to:

brainly.com/question/16024570

#SPJ4

The concept in question is the Face value of a stock, which is the dollar value provided by the issuer of a security at the time of issuance. The answer is $4,000.

Face value is the value printed on the face of a stock, bond, or other financial instrument or document. The face value may differ from the amount paid for the debt instrument as the amount paid may include a discount or premium to the face value.

When the debenture matures, its issuer repurchases it for a principal amount of $.

Given:

common stock = 2500

issued value = 10000000

Par value = total value/number of shares

Par value = 10000000 / 2500

Par value= $ 4,000.

So, we can conclude by saying that the share will have a par value of $4,000.

To know more about the Face value,

brainly.com/question/27979865

#SPJ4

Explaining to an Amazon customer service representative that why you should be refunded for the coffee table you bought online addresses. This type of needs is practical.

Everyone who tends to work for the customer service is said to be focused on preventing and also solving the problems for customers, which is from designing and developing self-service technologies, to interacting directly with the customers.

However, so when you start to explain to an Amazon customer service representative that why you should be refunded for the coffee table which you bought online so this need is considered to be practical. Hence, the practical needs are objectives which need to be accomplished.

To learn more about the customer service here:

https://brainly.com/question/28417930

#SPJ4

Warranty fee is identified in the equal length as the sales for the products that have been sold, if it is probable that an cost will be incurred and the organization can estimate the quantity of the expense.

The warranty cost is a legal responsibility of an organization, so accounting requirements require recording this price as early as possible, hence, the company have to document it at the time of true sale by estimation method.

A guarantee cost refers to the value that a corporation anticipates incurring for the alternative or repair of merchandise clients purchase. Companies account for guarantee charges only during the hooked up warranty period. After the guarantee duration expires, businesses stop to incur the assurance expense.

Learn more about warranty here ;

https://brainly.com/question/27919230

#SPJ4

The gross profit is calculated by comparing product costs, which pass through inventory accounts until the products are sold, with sales on the income statement.

The costs of direct labour, direct and indirect materials, and industrial overhead are considered product costs. They may also include the labour expenditures involved in providing a service to a client. When the items are sold or the services are provided, the flow of product costs via the several inventory accounts (raw materials, work in progress, finished goods) is matched against the sales to calculate the gross profit on the Income Statement.

Learn more about the product costs, visit:

https://brainly.com/question/26247514

#SPJ4

No matter how much of an ownership interest Hiram has, he is required to disclose it.

A licensee who acts as an agent on behalf of one or more parties to a transaction binds the entire business to the representation. The broker acts on behalf of the client because they are the agent.

In the finance and banking sectors, brokers oversee a variety of business transactions, including investments, real estate, and insurance. Brokers manage sales, establish and maintain relationships, and carry out administrative tasks. They also serve as a liaison between parties.

To learn more about ownership interest here:

https://brainly.com/question/13336042

#SPJ4

The CFR is published on a quarterly schedule and is updated once a year. Every book has chapters that, in most cases, bear the name of the publishing company.

To learn more about CFR index refer to :

https://brainly.com/question/29562390

#SPJ4

The break-even point(s) will be  5200, 6200, 7320 for the 1 lane, 2 lane and 3 lanes respectively. There will be loss in the 1 lane and profit in the remaining lanes. Sam should opearte 3 lanes as it has highest profit.

What is a Break-Even Point?

Break-even point will aid in more intelligent product pricing. Pricing involves a lot of psychology, but understanding how it will impact your profitability is just as crucial. Particularly while ensuring that you can cover all of your obligations.

Sales price /unit -  variable cost/ unit = contribution margin/ unit.

                                                =9-4 = 5

BEP = Fixed Cost / margin of contribution per unit  

1 lane  =26000/5= 5200        

2 lanes  =31000/5= 6200        

3 lanes  =36600/5 = 7320

The 1 lane break even is not feasible as 5200 is more than the relevent range

The two possible break evens are 6200 and 7320      

b.            Meals        Contribution       Fixed costs     Profit/(Loss)  

1 lane      5000             25000              26000             -1000    

2 lanes    8000            40000               31000              9000    

3 lanes    10000           50000              36600             13400    

Sam should opearte 3 lanes as it has highest profit.

To learn more about Break-Even Point:

https://brainly.com/question/21137380

#SPJ4

Answer:

higher

Explanation:

hope this helps

Economic data and statistics are information that explains the history and present state of the economy. Usually discovered in the form of a time-series that includes multiple time periods. Surveys of persons, businesses, and industries in a single economy or for the global economy can be used to collect data.

The social science of economics deals with the creation, exchange, and consumption of products and services. Economics is the study of how economies work as well as the behavior and interactions of economic actors. The study of microeconomics focuses on what are thought to be the fundamental components of the economy, such as the interactions that result from market and agent activity. Individual agents can represent a variety of clients, including homes, companies, buyers, and sellers. The study of the economy as a coexisting system of production, consumption, saving, and investment is known as macroeconomics. Additionally, it looks at the elements that have an impact on this system, including the use of labor, capital, and natural resources, currency inflation, economic expansion.

Learn more about economic from

brainly.com/question/17996535

#SPJ4

Economic data is numerical information that provides insight into the performance and direction of various economic indicators such as inflation, employment, GDP and other statistics. Economic data is often graphed or visualized in order to make it easier to interpret, and can be used to inform business decisions and inform government policy.

Hope This Helps You!

After owning a portfolio equally invested in a risk-free asset and two stocks. The beta be for the other stock in portfolio is 0.74

Setting up the equation for the beta of our portfolio, we get: βP = 1.0 = 1/3(0) + 1/3(1.22) + 1/3(βX), Solving for the beta of Stock X, we get: βX = 0.74 The weight of each asset multiplied by the beta of each asset results in the beta of a portfolio. The portfolio must have the same beta as the market if it is equally risky. We know the beta of our portfolio is one because the market's beta is 1. Additionally, we must keep in mind that the risk-free asset has a beta of zero. Given that the asset carries no risk, it must be zero.

To learn more about portfolio refer here:

https://brainly.com/question/17330581

#SPJ4

$10,100 can be borrowed for a 36-month.

Another party receives money in exchange for later repayment of the loan's principal or value. In many cases, the borrower must pay additional fees like interest or finance charges on top of the principal amount because the lender increased the principal value by adding those items.

Loans can be given as an open-ended line of credit with a cap of up to a particular amount or for a predefined, one-time sum. There are alternatives for commercial and personal financing in addition to secured and unsecured loans. Loans should be repaid at time.

To know more about Loans, visit:

https://brainly.com/question/15166116

#SPJ4

For instance, a company might benefit from economies of scale while making large purchases. By making a large number of purchases at once, it was able to negotiate for a cheaper price per unit than its competitors.

Production costs are the expenses a business has to pay while producing purchases a good or offering a service that brings in money for the company. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production  price. Economies of scope happen when it is less expensive to produce two goods together than to produce them individually.

To learn more about purchases, click here,

https://brainly.com/question/24112214

#SPJ4

Business owners can reduce expenses for the use of a car for business purposes, for their driving, and employee driving. The car can be ruled by the business or employee, and you can use a strong mileage or actual expenses deduction to get the amount of the reduction.

A small business can reduce expenses for employee and owner use of a car, but only for business purposes.

Personal driving expenses and commuting expenses are not deductible.

You can deduct driving expenses by detailing actual expenses or multiplying the Internal Revenue Service (IRS) standard mileage rate by your business miles for the year.

You must be able to prove that the expenses were business-related, by providing at-the-time records.

Your small business can deduct all business driving cost for all types of vehicles driven by business owners and employees. If your business owns the vehicle, you can also deduct decline expenses, but only if you use the vehicle more than 50% of the time for business purposes.

To know more about expenses:

brainly.com/question/29789515

#SPJ4

However, this management approach results in little leadership or supervisory efforts from managers and impedes the development of workers who need guidance.

Peer relationships are formed and strengthened by interpersonal contacts involving peers or people who have attained a similar level of psychological development. Peer relationships are a type of social support .

These are a few benefits of P2P networks: P2P networks don't require an expensive server to function. A network manager is not required because each user is in charge of their own computer. P2P network configuration is done using software wizards. Both homes and small companies can set up P2P networks.

To know more about management Visit:

https://brainly.com/question/14523862

#SPJ4

very enthusiastic or determined because you really want to do something: Our staff members are hard-working and highly motivated.. The

When markets are sluggish to receive the progressive product supplying of a first-mover, and quick followers possess enough sources and advertising muscle to overtake a first mover.

“When you promote from within, human beings see possibility and become less in all likelihood to go round in their careers,” Chansler explains, elaborating: It's amazing for morale when employees can see an possibility to develop inside their organization.

Political factor is not one of the Porter's five force factor. The Porter's five forces tool is a simple but powerful tool to evaluate the power of business.

Porter's Forces Analysis assumes that there are important forces that determine competitive power in a business situation.

Learn more about   marketplace   here:

https://brainly.com/question/26380856

#SPJ4

Mick purchased a few CDs. The value of the cd's before taxes is $1.58 if tax rate was 6% as well as the tax on his sale was $1.68.

The two most common payment methods are cash and credit. Another way to make a purchase is to assume a debt or participate in a trading where different non-cash goods are traded, 10,000 pairs or sneaker are ordered by Shoes Unlimited from a foreign vendor. This entails the filing of a requisition, which is a formal declaration by the business that it will buy the specified kind and number of shoes. The area of accounting known as tax accounting is responsible for processing tax payments and tax returns. Individuals, companies, corporations, and other entities all use tax accounting.

Let x be the cost prior to taxes.

x+6% of x = 1.68

106x/100 = 1.68

x = 1.68*100/106 = $1.58

To know more about purchase visit :

brainly.com/question/29317925

#SPJ4

To counter the dominance of rail companies, farmers created cooperative associations.

What recent innovations best explain the shift in agriculture shown in the graph? New towns and cities that needed agricultural products grew as a result of the extraction of western resources.

Which of the following best explains why technical innovation's impact on the manufacturing of commodities continued into the late 1800s? The amount of things that factories could produce rose as a result of new industrial equipment.

Due to the restriction on immigration from eastern Asia in the late 1800s, violent conflicts increased in the western United States. Debate about how to set up the country's economy was sparked by economic changes.

To learn more about transportation development refer to:

https://brainly.com/question/894450

#SPJ4

Gains from trade are the net advantages that economic agents receive by being permitted to engage in more voluntary trading with one another. They are, technically speaking, the rise in consumer surplus plus producer surplus brought on by lower tariffs or other trade liberalization measures.

Formally, gains from trade are the net advantage that economic agents experience when they are permitted to participate in voluntary trade with one another. Gains from trade are defined as the enhanced value that results from trading something that is less sought for something that is more wanted in an economic environment. Gains from trade are frequently gained because increased output and consumption are supported by international commerce. Gains from commerce always include the advantage of surplus in economic circumstances. By reducing trade restrictions like tariffs, consumer surplus rises and the cost of traded goods falls. The standard of living rises as the consumer surplus rises and the price of trade goods falls.

According to question :-

The payoffs in the upper right and lower left corners of the matrix do not reflect a nation's welfare because tariffs hurt overall total surplus, so both countries' welfare should decline regardless of who charges the high and low tariffs.

The payoffs in the upper left and lower right corners of the matrix reflect a nation's welfare because they show that trade is beneficial and tariffs are a barrier to trade.

To know more about gains from trade visit:

https://brainly.com/question/14293315

#SPJ4

If a price increase of 5% causes the desired amount to decrease by 8%, the demand is elastic.

What is another word increase?

Augment, enlarge, and multiply are a few typical synonyms for the word increase. While all of these verbs have the same basic meaning of "to make or become greater," the term "increase" has a few different meanings depending on how it is employed. When used transitively, it might denote simple addition rather than necessarily gradual expansion in size, amount, or intensity. something that is increased (as in size, number, or amount) from the initial stock or amount, such as offspring, produce, or profit: INCREASING

Know more about elastic visit:

https://brainly.com/question/28790459

#SPJ4

Prices, product images, and store names are important attributes for advertising in Shopping campaigns, giving shoppers the most meaningful information they need at a glance.

Shopping campaigns help you promote your products by giving users more information about your offers before they click on your ads. You can then track product performance over time using retail-specific reporting tools.

A type of ad that provides detailed information about a specific product for sale. To create a Shopping ad, he sets up product information in Merchant Center a Shopping campaign. Smart Shopping campaigns automatically pull product data from your feed and use it to create Shopping ads specifically designed for your customers. The campaign intelligently places those ads on different faces using the bid strategy of your choice.

Know more about Shopping campaign here:

https://brainly.com/question/27326348

#SPJ4

She is fulfilling the managerial duty of planning. If Melissa, a marketing manager for an amusement park, has a goal of increasing sales for the month of October.

Management Information Systems (MIS) is the study of how people, technology, processes, and data interact with information systems. A specific kind of information system that aids managerial level tactical decision-making is also referred to by this term. The MIS assists in the creation of information, communication, problem identification, and decision-making. Therefore, the MIS is crucial to the management, operation, and administration of an organisation.

Utilizing and managing information systems to assist firms in achieving their goals and objectives They aid managers in making standard decisions.

To know more about marketing visit:-

brainly.com/question/13414268

#SPJ4

It is false that an increase in production costs might result in an increase in the quantity supplied.

All direct and indirect costs associated with manufacturing a product or providing a service are referred to as production costs. Various costs, such as labor, raw materials, consumable manufacturing supplies, and general overhead, can be included in production costs.

When a company makes a product or provides a service, it incurs production costs, which are also referred to as product costs. There are many costs included in these costs. Production costs, for instance, are associated with the labor and raw materials that are required to make a product. Production costs are incurred by the service industry because of the costs of materials and labor required to provide the service.

To learn more about production costs visit :

https://brainly.com/question/16677716

#SPJ4