BUSINESS HIGH SCHOOL

The Krisp Kracker company which makes unique kettle chips for restaurants, clubs, and events, has just lost a large client that made up 55% of its total revenue. Management finds it necessary to reduce staff or wages. This comes only three months after hiring 35 new people to support this big client. While there are rumors of wage reductions in the short run, the 100 employees who have been with the company for the past two years are grumbling that they are more valuable that the new hires which should be let go and the wages not reduced. The situation at Krisp Kracker illustrates which wage stickiness theory best?A. Implicit contract theory

B. Insider-outsider model

C. Relative wage coordination argument

Answers

Answer 1
Answer:

Answer:

B

Explanation:

The insider - outsider model explains the influence of the insiders on the firm;s behavior , wages negotiation and the national welfare.

In this context , the set of employees that have been working with the organization are referred to as the Insiders while the newly recruited are the outsiders.

This theory believes that the insiders are more relevant to the firm than the outsiders as they are more experienced in the system and the firm even rely on them to train the outsiders.

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How does most price planning begin?(1 point)
A.
cost and expense analysis
B.
competition analysis
C.
sales projection
D.
review of consumer needs

Answers

Most price planning begins with a cost and expense analysis.

Consider the following information about a business Diane opened last year: price = $15, quantity sold = 25,000; implicit cost = $155,000; explicit cost = $260,000. What was Diane's economic profit? What was Diane’s accounting profit? Show your work!!

Answers

Answer:

Economic profit = $-40,000

Accounting profit = $115,000

Explanation:

Accounting profit is total revenue less total cost or explicit cost.

Accounting profit = Total revenue - Total cost

Total revenue = 25,000 x $15 = $375,000

Total cost =  $260,000

Accounting profit = $375,000 -  $260,000 = $115,000

Economic profit is accounting profit less implicit cost or opportunity cost

Economic profit = Accounting profit -Implicit cost

= $115,000 - $155,000 = $-40,000

I hope my answer helps you

Answer:

Accounting Profit = $115.000 and Economic Profit= -40.000

Explanation:

Accounting profit is the monetary costs a firm pays out and the revenue a firm receives.

Accounting Profit = Total Revenues - Explicit Costs

Accounting Profit = ($15 x 25000) -$260,000=375.000-$260,000

Accounting Profit = $115.000

Economic profit is the difference between the total revenue received by a business and the total explicit and implicit costs for a firm.

Economic Profit = Accounting Profit - Implicit Cost

Economic Profit= $115.000 -$155,000

Economic Profit= -40.000

Which of the following is the best definition of a bit?A. A measure of computer graphics and sound

B. A physical signal that becomes a digital signal

C. single 1 or 0 in a digital signal

D. An electrical signal in a wire

Answers

A measure of computer graphics and sound is the best definition of a bit.

Which of the following is the best definition of bit?

A bit (binary digit) is the smallest unit of statistics that a laptop can system and keep. A bit is always in one in all two bodily states, just like an on/off light transfer. The state is represented by a single binary price, typically a zero or 1.

Which of the subsequent is the best definition of a modern-day laptop?

A pc is a device or tool that plays techniques, calculations, and operations based totally on commands furnished with the aid of a software or hardware program. It has the ability to simply accept facts (input), manner it, after which produce outputs.

Learn more about computer graphics here: brainly.com/question/17506968

#SPJ2

Answer: A single 1 or 0 in a digital signal

In 2019, Grant's personal residence was completely destroyed by fire. He was insured for 100% of his actual loss, and he received the insurance settlement. Grant had adjusted gross income before considering the casualty item of $30,000. Pertinent data with respect to the residence follows: Cost basis $280,000 Value before casualty 250,000 Value after casualty –0– What is Grant's allowable casualty loss deduction? a. $10,000
b. $6,500
c. $6,900
d. $0
e. $80,000

Answers

Answer:

D) $0

Explanation:

The insurance company paid $250,000 to Grant to cover the loss of his house and that amount was 100% of the fair market value of the house. To calculate any casualty gain or casualty loss the money received form the insurance company should have been either larger or smaller than the fair market value of the house.

How long do you have to pay back a short term debt?4 months

8 months

2 months

all of the above

Answers

i think that the answer is D all of the above

Answer: D: All of the above

Explanation:I believe it goes up to one year to be short term dept

When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____.?

Answers

The factor is called a profit.

Profit is an aim to any business establishment. This is the financial return or reward that an entrepreneur ultimate goal after the risk they have take. The moment a product is sold more than it cost to produce, then a profit is earned which can be invested again.

PROFIT = TOTAL SALES - TOTAL COSTS

Choose the best answer. When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____. credit discount inventory adjustment markup quantity discount

When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a markup.
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