Consumers tend to purchase a good at a lower than at a higher price. Why (state any assumptions made)? Do consumers always behave this way? Explain your response.

Answers

Answer 1

According to the law of demand, the price of a good is negatively related to the quantity demanded all other things remaining equal.

Consumers do not always buy good at a lower price than at a higher price.

What is the law of demand?

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded.

Consumers do not always buy goods at a lower price than a higher price. For example, for luxury goods, consumers would prefer to buy it at a higher price than at a lower price. This is because luxury goods are used to show wealth. If the price of a good that is considered to be used solely be wealthy people declines, some rich people would not want to purchase the goods again because it is now affordable by the masses.

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Related Questions

a bowling alley rents pairs of shoes to customers. the bowling alley rents out each pair of shoes for $6, and each pair of shoes costs the bowling alley $2 to sanitize upon return. the sanitizing machine costs $250 to rent each month. what is the least number of pairs of shoes the bowling alley must rent to customers each month to cover the cost of the sanitizing machine?

Answers

65 is the least number of pairs of shoes the bowling alley must rent to customers each month to cover the cost of the sanitizing machine.

Rent for each pair of shoes = $6

Cost for sanitize = $2

Net profit = $4

Cost of rent for sanitizing machine costs = $250

Therefore, no. of pairs = 250/4 = 65(approx.)

What is rent?

A set monthly fee you pay to use someone else's home, vehicle, television, or other property on a regular basis. Due to the larger size of my room, I pay a higher rent/more rent than the other tenants.

According to the formula, one can determine the value of economic rent by subtracting the free market. From the agreed-upon price of the production factor, read more price. The price that is agreed upon by both the buyer and the producer is known as the agreed price.

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watch your career identity: answering the following questions share 3 key takeaways from the course and lecture how does your project relate to your career identity? how will you use the information in your future career development/job search?

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Career development refers to the assistance a company provides for a person's professional advancement, particularly when the employee transitions to a new position or project within the company. This support frequently consists of mentorship, coaching, skill development, networking, and career planning

Explain about the Career development?

Simply put, a professional development plan (CDP) is a list of long and short-term objectives that individuals set for themselves, whether they are doing so for their current position or anticipating future employment. To accomplish the objectives they have set for themselves, employees need to have a range of experiences.

Having a growth attitude is one of the most crucial things you can do for your professional development. Even if you don't think you're qualified, say yes to the job interview. Even if you're worried that you won't be very good at it, enroll  in a course to learn a new talent.

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jim-o's fast focus restaurant is opening up a new branch. based on demand forecast the following service personnel levels are anticipated. each of the employees must have two consecutive days off in a week. what is the number of employees needed for thursday-friday pair if the minimum number of employees needed is hired to week? days of week monday tuesday wednesday thursday friday saturday sunday staff needs 5 4 3 4 6 6 5

Answers

The number of employees needed for the Thursday-Friday pair, if the minimum number of employees per week is hired, is 10.

Tibrewala, Phillipe, and Brown devised a method for organizing a seven-day operation that would give each employee two days off in a row. According to the technique, there are two steps:

Step 1: Minimum Number of Employees Needed for Each Day (GIVEN) Days of the Week Staff Needs Monday 5 Tuesday 4 Wednesday 3 Thursday 4 Friday 6 Saturday 6 Sunday 5

Step 2: Based on the first step, the pairs are calculated by adding the employees needed in pairs: Pairs Staff Needs Monday and Tuesday 9 Tuesday and Wednesday 7 Wednesday and Thursday 7 Thursday and Friday 10 Friday and Saturday 12 Saturday and Sunday 11, i.e. the number of employees needed for the pair Thursday-Friday is 10.

Making predictions about customer demand over a predetermined time period is called demand forecasting. In general, demand forecasting takes into account historical data and other analytical information to provide the most accurate estimates possible.

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alicia has to order copier toner again, so she consults the online catalog of the company's office supply vendor to see if either of her preferred brands is on sale. what type of decision is this?

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The type of decision that Alicia used to order the copier toner again is a programmed decision.

What is a programmed decision?

Programmed decision-making is described as the form of decision-making in which a rule or a plan has already been set, and such decision-making is repeated. This means that the same type of decision has already been taken in the past.

In this scenario, Alicia has to order a copier toner, and this is why she is going through the catalog to see if there are any sales on the products from the brands she prefers. Alicia seems to prefer a specific brand, and she has some good experience with the brand. This is why she is again looking for products from this brand.

It can be concluded that the type of decision that Alicia used to order the copier toner again is a programmed decision.

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pkr inc. is launching its new product in the market. the managers at pkr want to price the product in a way that would enable the company to recover the investments made toward developing the product. which pricing strategy would be most effective for pkr inc.?

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Price skimming strategy would be most effective for pkr inc. It would enable the company to recover the investments made toward developing the product  in which new product prices are set high.

What exactly is price skimming?

Skim pricing, also defined as price skimming, is a monetization strategy in which new product prices are set high and then reduced as rivals enter the market. Skim pricing is the inverse of penetration pricing, which involves pricing newly launched products low in order to build a large customer base from the start.

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describe the impact that technology has on an accounting system by completing the following sentence. technology provides accuracy and in performing accounting .

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Technology increases the speed of processing transactions, the technology provides accuracy and in performing accounting . A system for gathering, storing, and analyzing financial and accounting data utilized by decision-makers is known as an accounting as an information system (AIS).

An accounting information system, in conjunction with information technology resources, is typically a computer-based approach for the monitoring accounting operations. Accounting professionals can swiftly and efficiently process massive amounts of the  financial data using computerized accounting systems. The amount of time required to end each accounting period has decreased as a result of  the faster processing speeds for individual transactions.

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What happens when a limited partnership fails to substantially comply with all the requirements of the state statute regarding limited partnerships?.

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When a limited partnership fails to substantially comply with all the requirements of the state statute regarding limited partnerships the partnership terminates.

At least one partner in a limited partnership (LP) has unlimited liability—the general partner (s). The other limited partners have limited liability, which means that their personal assets cannot typically be used to satisfy business debts and liabilities. The following events may result in dissolution: (1) termination of the partnership in accordance with the provisions of the certificate; (2) termination in the event of an event specified in the partnership agreement; (3) unanimous written consent of the partners; and (4) withdrawal of a general partner.

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if yours is a manufacturing business, you will outline what you will produce and what you will purchase as components to your finished product. discuss your control systems for inventory, purchasing, and production.

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A technology solution known as an inventory control system is used to monitor and track a company's products across the supply chain. Using this technology, purchasing, shipping, receiving, warehousing, and returns will all be integrated and managed in one system.

Define inventory system.

Many manual operations will be automated by the best inventory control system. A system for controlling a company's inventories, including purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering, is known as an inventory control system. Depending on the nature and scale of its business, each firm will manage stock in a distinctively different way. Systems of inventory inform you how many parts or ingredients are required to build or assemble your finished product.

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a manager asks a dish washer to rewash dishes after determining that the sanitizing rinse was not properly made. this is an example of which step in active managerial control?

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Elimination of the root causes of non-conformities or other unpleasant events in order to stop them from happening again. Preventive action: A step done, usually as a result of a risk analysis, to stop the occurrence of such non-conformities.

Explain about the corrective action?

The dismissal of the employee shouldn't be the desired result of corrective action. Corrective action should be used instead when a management or employer genuinely wishes to support and nurture progress in the worker.

When root causes have been discovered, corrective efforts are typically started. These actions can involve engineering controls, process modifications, or the usage of personal protective equipment (PPE).

Because there is a problem, corrective action is required. In order to resolve the issue and create a strong plan for the future, problem-solving approaches might be used. The difficulty is that people frequently employ inadequate problem-solving strategies, which results in shaky plans.

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on deck sports memorabilia store sells a babe ruth rookie card for $3,100 on account. if the sales tax on the sale is 5%, the journal entry to record the sale would include:

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The journal entry to record the sale is attached in the image below

What is a journal entry?

Generally, The act of maintaining or creating records of any transactions, whether economic or non-commercial in nature, is referred to as an entry in a journal.

An accounting journal is a record kept by an organization that details the transactions that have taken place and display the debit and credit balances.

How do you go about writing an entry for your journal?

To establish a new ledger account using a journal entry. Pick the ledger account that you wish to use for the first line of the journal, and utilize the drop-down menu to do so.

Details. In the event that it is necessary, give specifics for the journal row.

Incorporate into your tax return. Mark this option if you want the amount from this journal entry line to be included on your tax return. It will appear here.

The entry in the diary may include many records, each of which may be either a debit or a credit depending on the circumstance.

In conclusion, The entry in the journal to record the sale can be found attached in the picture that can be seen below.

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Brickhouse is expected to pay a dividend of $2. 50 and $2. 20 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 2. 6 percent. What is the stock price today if the required return is 10 percent?.

Answers

$35.2 is the stock price today

A share price is the cost of one equity share among many sellable shares of a corporation.

How to calculate stock price ?

A share price is the price of a single share of a company's sellable equity shares. In layman's terms, the stock price is the highest amount that someone is willing to pay for the stock, or the lowest amount that it can be purchased for.

A share's price is determined by supply and demand. If demand is high, it will rise, and if demand is low, it will fall. Stock prices are determined by the bid and ask price of the stock. A bid is an offer to purchase a specific number of shares at a specific price. An ask is a request to sell a specific number of shares at a specific price.

To determine how valuable the shares are for traders, multiply the last updated value of the company share by the number of outstanding shares. The price to earnings ratio is another method for calculating the share price.

The company's shares are first issued in the primary market; an Initial Public Offering (IPO) is made to the general public to raise funds to meet capital requirements. The initial share price is determined in an IPO by taking the firm's performance and net present value into account.

Calculating answer for given question :

P2 = [$2.20(1 + .026)]/(.100 - .026) = $30.50

P0 = $2.50/1.00 + ($2.20 + 30.50)/1.00 = $35.2

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what type of decision making are you engaged in when you are not looking for the very best alternative, but instead accept the first alternative that meets minimum requirements?

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Satisficing is the type of decision making we are engaged in when you are not looking for the very best alternative, but instead accept the first alternative that meets minimum requirements.

Rational decision-making is related to satisfying, however satisfying differs in that the decision-maker accepts the first alternative that satisfies the minimum standard in order to save time and effort rather than making the best choice and maximizing the potential outcome.Satisficing refers to choosing the conclusion that is more acceptable or satisfactory than the best when making decisions. Instead of making every effort to reach the ideal outcome, satisficing focuses on making reasonable efforts when presented with tasks.Here are a few instances of how satisficing really functions for the typical person: locating the best deal. Shopping for deals is a sensible idea, but going overboard is not. Saving money on petrol, for instance, makes logical, but not if you travel all over town looking for the best deal.

Thus this is the meaning of Satisficing.

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john works at an electric power company. he always take breaks at 12:30 pm. he asks permission when he wants to use the restroom. john must be a(n) employee.

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John must be a working class employee since he is taking breaks at times in the electrical power company.

What is a company and who is an employee and what employee is john in here?A company is a collaboration of ideas running in parallel with trends and generations with employees and CEO.An employee is work man or woman of a company working for the company and getting paid for that.Here John is working in an electric power company, and always take breaks at 12:30 pm specifically on time.There are few categories of employees working in a company , and paid according to the lead.John is a working class employee because he is taking a break from the work and then resuming .

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the following are some quotes provided by a number of managers at hawkeye machining company regarding the company's planned move toward a lean manufacturing system: director of sales: i'm afraid we'll miss some sales if we don't keep a large stock of items on hand just in case demand increases. it only makes sense to me to keep large inventories in order to assure product availability for our customers. director of purchasing: i'm very concerned about moving to a lean system for materials. what would happen if one of our suppliers were unable to make a shipment? a supplier could fall behind in production or have a quality problem. without some safety stock in our materials, our whole plant would shut down. director of manufacturing: if we go to lean manufacturing, i think our factory output will drop. we need in-process inventory in order to 'smooth out' the inevitable problems that occur during manufacturing. for example, if a machine that is used to process a product breaks down, it would starve the next machine if i don't have in-process inventory between the two machines. if i have in-process inventory, then i can keep the next operation busy while i fix the broken machine. thus, the in-process inventories give me a safety valve that i can use to keep things running when things go wrong.

Answers

I would respond to these managers by saying that The Hawkeye Machining managers are displaying typical fears to a lean processing system.

What is the best respond to the situation of the managers?

The best respond to the situation of the managers is that they were exercising some fear i them which is not good enough for the leading as well as the managing the affairs of the firm.

It should be noted that the comment about the missing of some sales if we they don't keep a large stock of items is part of the fear , and as a manage of the company, one needs to be more active than being exercising some kind of fear that will not help in achieving the goal of the organization.

In conclusion, thinking that the factory output will drop as said by a manager, can be seen as a form of fear that from the manager.

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Check the complete question:

How would you respond to these managers? The Hawkeye Machining managers are displaying typical fears to a lean processing system. They need to learn to accept accounting in the 21st century. The Hawkeye Machining managers are displaying typical fears to a lean processing system. Lean manufacturing removes the safety provided by materials, in-process, and finished goods inventory balances. The Hawkeye Machining managers are displaying typical fears to a lean processing system. Their concerns are unfounded. The Hawkeye Machining managers are displaying typical fears to a lean processing system. JIT systems are used worldwide. The Hawkeye Machining managers are displaying typical fears to a lean processing system. Maintaining large inventories will continue even in a JIT system.

thinking about how biomass energy sources are produced and used to generate electricity, why is biomass the biggest source of non-conventional energy in the united states today, despite massive investments in solar energy?

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Despite significant efforts in solar energy, biomass is the most important source of non-conventional energy in the United States today because it can be replenished relatively rapidly without irreversibly destroying Earth's natural resources. The majority of biomass power is generated by direct burning.

What is Biomass energy?

Biomass is a plant-based resource that is used as a fuel to generate heat or power. Wood and wood leftovers are examples, as are energy crops, agricultural residues, and garbage from industry, farms, and households. Because biomass may be used directly as a fuel (for example, wood logs), some people use the terms biomass and biofuel interchangeably. Others combine two terms into one. Biofuel is defined by government agencies in the United States and the European Union as a liquid or gaseous fuel used in transportation. The Joint Research Centre of the European Union defines solid biofuel as "raw or processed organic materials of biological origin utilized for energy," such as firewood, wood chips, and wood pellets.

Some of the benefits of biomass energy include:

As a renewable energy source, biomass is always and abundantly available.It emits no greenhouse gases.It lessens our dependency on fossil fuels.Is less costly than fossil fuels.Manufacturers gain income from biomass generation.There is less rubbish in landfills.    

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Describe the communication style in china; how is it different from china of residence?

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The Chinese place a lot of emphasis on indirect communication as a result of the requirement to keep good ties. In order to convey meaning, they use less words and pay more attention to posture, expression, and tone of voice.

They frequently speak informally and may understate their points. Be nice and polite, and steer clear of anything that makes you communication uncomfortable, or you might find that you have the freedom to discuss topics that are taboo at home. Find topics that everyone can agree on, such as sports, cuisine, and family. While Americans value the individual, Chinese civilization is centered around the group.

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a trainee appraiser just completed the required 75 hours of qualifying education and now has three supervisory appraisers to interview. the trainee appraiser wants to research the supervisor appraisers prior to the interviews. where is a good place to start?

Answers

The good place to start research about supervisor appraiser by the trainee appraiser is ASC national registry.

The word "supervisor" or "lead" refers to a relatively low management position that is primarily centered on authority over employees or a workplace. Other names for this position include foreman, leader, overseer, mediator, monitoring, area coordinator, line-manager, and even sometimes gaffer. A lecturer who supervises a PhD dissertation is an example of a one of the most senior staff members who can serve as a supervisor. On the contrary side, supervision can be done by an employee without this actual designation, such as parents.

Any employee who is assigned this obligation as part of their position description can be referred to using the term "supervisor" by itself. right.

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on january 1, year 1, an entity sold a product to a customer for $64,751 payable 36 months after delivery. the customer obtains control of the product at contract inception. the cash selling price of the product is $50,000. this price is the amount that the customer would pay upon delivery at contract inception assuming the same product is sold under otherwise identical terms and conditions. the contract includes an implicit interest rate of 9%. what amounts of revenue and interest income from this contract, if any, were recognized by the entity in year 1? revenue from customers interest income revenue from customers $50,000 interest income $14,751 revenue from customers $64,751 interest income $0 revenue from customers $54,500 interest income $0 revenue from customers $50,000 interest income $4,500

Answers

As a result, interest income is recognised in Year 1 of $4,500 ($50,000 9%).


What is interest?

The monetary fee for the privelidge of borrowing money is known as interest. Interest expense or revenue is frequently expressed in monetary terms, whereas the interest rate used to determine interest is typically expressed in annual percentage terms (APR). The amount of money received by a loan company or financial institution in exchange for lending money is referred to as interest. The amount of ownership a share holder has in a corporation, usually expressed as a percentage, is also referred to as interest. Interest is the concept of trying to compensate one party for taking a risk and foregoing the ability to use funds, while penalising another party for using someone else's funds. The person who is temporarily parting with their money is entitled to damages, and the person who is temporarily using those funds is frequently required to pay the above compensation.


The revenue recognised must reflect the cost that a customer would've have paid for the promised products or services if payment had been made in cash at the time the goods were transferred to the client (the cash selling price). Thus, $50,000 in customer revenue must be recognised on 1/1/Year 1. A significant financing component is included in the contract. This is the distinction between the $64,751 promised consideration and the $50,000 cash selling price. The effective interest method is used to recognise investment returns from the adjustment of the transaction value for the impact of the money's time value. As a result, interest income is recognised in Year 1 of $4,500 ($50,000 9%).

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your company just received its bank statement, which indicates that the balance is $5,250. the cash balance in your books is, however, $4,950. you know as well that there is a note receivable collected by bank for $300 that explains the difference. to reconcile the bank statement with the cash balance in your books, you should...

Answers

To reconcile the bank statement with the cash balance in your books, you should Reduce the bank statement by $300.

Statements of bank reconciliation have confirmed that cash receipts have been placed into the bank and that payments have been handled. The reconciliation statement shows differences between the bank balance and the book balance, which aids in processing any necessary adjustments or corrections.

In order to make modifications to the accounting records, address any discrepancies, and spot fraudulent activities, you would perform a bank reconciliation by comparing the cash balances on the balance sheet to the matching amount on your bank statement.

Bank Reconciliation Procedure:

Add back any deposits that are currently in-transit using the cash balance shown on the bank statement. Subtract any unpaid checks. You'll see the most recent cash balance in the bank. The company's ending cash balance is then increased by any interest earned and the number of notes receivable.

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the traditional income statement uses which of the following cost categories? multiple choice 1 variable expenses and fixed expenses. cost of goods sold and fixed expenses. operating expenses and selling and administrative expenses. cost of goods sold and selling and administrative expenses.

Answers

The traditional income statement uses the costs of goods sold and selling and administrative expenses. Thus, option 4 is the answer.

         The income statement refers to the final report of expenses, incomes, and the profit and loss which is incurred by a company based on its production and sales. A traditional income statement refers to an income statement where the net cost of production, as well as the number of products sold, is both taken into account.

         The cost of goods sold and selling are part of the revenue. Revenue refers to the income that is gained by a company after selling its products or services.

         Administrative expenses refer to the cost of production which is incurred on the production of the product or service. It is the expenditure that is carried out.

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which of the following is a metric of sales programs in variable pay plans? question 45 options: return on investment turnover costs accident rates increase in market share

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Increase in market share.

Increasing market share entails increasing your company's sales effort and employing new or enhanced methods to assist you get somewhere.

What is variable pay plan?Variable pay, also known as incentive pay or commission, is a method of compensating employees beyond the hours worked and encouraging them to meet goals.Performance-based variable pay assists in rewarding and motivating hardworking employees. An increase in variable pay raises the organization's costs. Organizations can use variable pay to link compensation to revenue and financial performance.Where the fixed-to-variable pay ratio is 60:40. The fixed-to-variable pay ratio for non-sale jobs is 80:20. Variable pay results in a highly motivated employee because their performance directly correlates to a higher incentive. Variable pay, on the other hand, breeds unhealthy competition.

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6. in its relatively short life span, uber has attracted a lot of media attention. why is this? what is it about the uber business model that is both compelling and polarizing? in addition, why has uber managed to achieve such a high valuation? what are the pros and cons of a high valuation?

Answers

In general, media attention stems from both being famous and being infamous. Uber attracts media attention not only because it has become one of the most innovative taxi services of all time, but also because its aggressiveness

Some of its policies are frequently scrutinized and criticized by people. This results in a compelling and divisive view of Uber. Uber is no longer just the on-demand cab service we once knew.

It has also dabbled in other areas, such as Uber Eats (on-demand food delivery) and Uber Freight (on-demand trucking).

To keep things simple, we'll concentrate on Uber's core business of ridesharing - its business model and how it makes money. To put it simply, Uber is a digital aggregator app platform that connects passengers in need of a ride from point A to point B with drivers willing to serve them.

"Passengers" create demand, "Drivers" supply demand, and "Uber" acts as the marketplace/facilitator to make it all happen on a mobile platform. Uber's model has enabled it to generate strong value propositions for both passengers and drivers to join its platform and disrupt the taxi/cab industry.

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larry is looking to add a real estate investment to his portfolio that is publicly traded on the exchanges, thereby offering him diversification and marketability. he has decided that a real estate investment trust (reit) is the best choice and asks his financial planner for information about the reits available for purchase. based on larry's request, the financial planner explained the various investment choices. which of these was incorrectly stated by his financial planner? a) mortgage reits finance real estate ventures by making loans to develop property or finance construction. b) hybrid reits are a combination of equity reits and mortgage reits. c) equity reits acquire real estate for the purpose of renting the space to other companies, thereby generating income. d) for the shareholders, income received is considered passive income.

Answers

The statement which is incorrectly stated by his financial planner is- for the shareholders, income received is considered passive income.

What is a Passive Income?

Earnings from a rental property, limited partnership, or other business in which a person is not actively involved are considered passive income. Passive income is often taxed, just like active income, but the Internal Revenue Service (IRS) frequently treats it differently.

What is a dividend?

A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.

The dividend yield, which is the dividend per share, is stated as a percentage of the share price of a corporation, for example, 2.5%.

Dividends do not fit the Internal Revenue Service's definition of passive income even though they do not require the shareholder to actively participate in the process of obtaining them (IRS).

Being classified as passive income has advantages since it is subject to capital gains tax, which is substantially less expensive than ordinary income tax.

An investor would ideally want to pay taxes at the capital gains tax rate.

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the top part of rammy's incorporated's 2022 balance sheet is listed as follows (in millions of dollars). current assets: current liabilities: cash and marketable securities $ 5 accrued wages and taxes $ 6 accounts receivable 15 accounts payable 10 inventory 95 notes payable 50 total $ 115 total $ 66 what are mars, incorporated's current ratio, quick ratio, and cash ratio for 2022? multiple choice 1.74242, 0.30303, 0.07576 7.1875, 1.25, 0.3125 1.43939, 0.30303, 0.07576 19.16667, 3.33333, 0.83333

Answers

Mars, Incorporated's current ratio, quick ratio, and cash ratio for 2022 is

1.74242, 0.30303, 0.075.76

Current ratio = 1.74

Quick ratio = 0.3, Cash ratio = 0.076

Current ratio = Current assets/Current liabilities

= $115/$66

= 1.74

Quick ratio = Current assets - Inventory/Current liabilities

= $20/$66

= 0.3

Cash ratio = Cash and marketable securities/Current liabilities

= $5/$66

= 0.076

What is  current ratio?

The working capital ratio, often known as the current ratio, is a metric that aids businesses in assessing their capacity to settle short-term liabilities within a year. It seeks to demonstrate how individuals might make the most of their current assets to pay off their creditors' short-term debts.

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a recessionary gdp gap is the: group of answer choices horizontal distance between full-employment gdp and equilibrium gdp amount of the recessionary or inflationary gap difference between leakages and injections all of the above

Answers

A recessionary GDP gap is a horizontal distance between full employment, GDP, and equilibrium GDP.

What is the recessionary gap?

A recessionary gap is described as a difference between the potential GDP and the real GDP at the level of full employment. In other words, it can be highlighted as a gap between the full employment output and the actual production level, when the actual output level is below the natural output level.

During a recessionary gap, the unemployment rate increases. During a stage or phase of economic downturn, there is a low demand for services and goods, which leads to increased rates of unemployment. Furthermore, the situation worsens when the wages and prices remain the same. During a recessionary gap, the short-run equilibrium value is high. The business cycle contraction takes place during a recessionary gap.  

It can be concluded that a recessionary GDP gap is a horizontal distance between full employment, GDP, and equilibrium GDP.

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ATP is a vehicle manufacturing company which purchases most of the component from suppliers all around the globe. To minimize inventory costs, management decided to use Economic Order Quantity to control its inventory level. KWP is ATP’s long-term supplier for tire, and they have agreed to strict delivery time and quality requirement. Based on the 202X budget, the following information was collected from production:1. Based on pre-order, ATP requires 5250 units of tire each month for the first 4 months of the year and 3625 units of tires each month for the remainder of the year. 2. The carrying cost per unit is R2 per year. 3. The cost per order is R1,000.

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Economic Order Quantity is 7071 units to control its inventory level. The following variables are necessary to determine the economic order quantity: demand rate, setup costs, and holding costs.

What are EOQ and its formula?

The following is the EOQ formula. EOQ equals the square root of [(2 times demand times ordering cost)/carrying charge]. Demand. The EOQ's assumptions state that the demand is unchanged. The measure of demand is how much inventory is used annually or how many units are sold annually.

Given,

Annual Requirement = 50,000 ( 5250 x 4 + 3625 x 8)

Carrying cost = 2 per year

Order cost = 1000 per order

Required to calculate EOQ =?

EOQ = square root of [(2 times demand times ordering cost)/carrying charge]

EOQ = √ 2 x 50000 x 1000/2

EOQ = √50,000,000

EOQ = 7071 units

Thus, the EOQ is 7071 units. Economic order quantity is crucial since it aids businesses in effectively managing their inventories. Without these inventory management strategies, businesses will frequently store excess inventory during times of low demand while holding insufficient inventory during times of strong demand. Missed opportunities result from either issue.

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becky has 20/50/5 automobile insurance coverage. if two other people are awarded $30,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?

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$50,000 of this judgment would the insurance cover

The maximum amount the insurance company will pay is $25,000 per person with a maximum of $50,000 per accident for all persons.

Insurance is a means of protecting against financial loss by agreeing, for a fee, to indemnify the other party in the event of a certain loss, damage, or injury. It is a form of risk management used primarily to hedge the risk of potential or uncertain losses.

Companies that provide insurance are known as insurers, insurers, insurers, or underwriters. The person or entity that purchases the insurance is called the policyholder, and the person or entity covered by the policy is called the insured person. The terms policyholder and insured are often used synonymously but are not always synonymous as coverage may extend to additional insured persons who did not purchase the policy.

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when the yield curve is upward-sloping, then: multiple choice short-maturity bonds offer the highest coupon rates. long-maturity bonds are priced above par value. short-maturity bonds yield less than long-maturity bonds. long-maturity bonds increase in price when interest rates increase.

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When the yield curve is upward sloping then Short-maturity bonds yield less than long-maturity bonds.

A bond in financing may be defined as the money raised by the borrowers from the investors who are willing and are capable of lending them money. A bond may be private or governmental. The bond is a symbol of the trust between the borrower and investor. Bonds can be bought or sold whenever they get matured. Yield curve may be defined as the graph plotted showing the relation between the interest rates of the bonds which have equal credit quality but different maturity period. This curve shows the risk which a investor poses while issuing a bond to a borrower. This curve shows relation between different bonds whether short term or long term.

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Marilyn wants to use a non-price competitive marketing strategy to gain more customers. Which of the following might she use?

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Answer:

promotion or higher prices

consider a restaurant with a capacity-constrained process. what will the impacts on the revenue be if processing time for the bottleneck resource is reduced by 10% while everything else remains the same?

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Consider a restaurant with a capacity-constrained process Higher revenue and profits will the impacts on the revenue be if processing time for the bottleneck resource.

What's a capacity constrained resource?

A capacity constraint resource( CCR) is the weakest link in a particular process. There are a number of coffers that can limit overall product capacity in a business setting, including workers, available inventories or outfit capabilities.

What's resource constrained?

Resource constraints do when design directors don't have enough coffers to meet the demands and outgrowth of a design. A design may face limited coffers in terms of mortal coffers, accoutrements , outfit, or finances.

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