A new requirement for both trainee and supervisory appraisers is to take a course covering the expectations and responsibilities of appraisers in these roles.
The appraisal methodology denotes the method of calculating an asset's value based on elements including its cost, the revenue it generates, and its fair market value (FMW) in comparison to other assets of a similar nature. The final assessment value is essentially an educated guess that tries to predict the cost of an asset in a free market. Despite the fact that appraisals are frequently carried out in conjunction with a sale of an item, they can also be done for insurance or taxation reasons.
The appraisal method is employed to establish the value of high-value assets including real estate, works of art, jewels, cars, financial interests in oil reserves, and other non-traditional assets.
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to avoid the appearance that a joint product is incurring losses, a company might allocate joint costs based on relative sales value of each product at the split-off point. group startstrue or false
It's true what they say. A corporation may divide up joint costs based on the relative sales value of each product at the point of split-off to avoid the perception that a joint product is losing money.
What does "split-off point" refer to?The production stage where jointly produced goods first appear is known as the split-off point. A corporation might have known, for instance, that investors would not be interested in its financial accounts because they showed no profit or loss.
What is the point at which joint products are split off?An area in a manufacturing process known as a split-off point is where previously manufactured goods are now produced separately. After the split-off point, the costs of the previously manufactured goods can be determined separately. Costs associated with jointly produced goods are divided up prior to the split-off point.
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the following financial information is from cook company: accounts payable$ 55,000 land90,000 inventory10,500 accounts receivable7,500 equipment8,000 deferred revenue58,500 short-term investments20,000 notes receivable (due in 8 months)45,500 interest payable2,000 patents75,000 what is the amount of intangible assets assuming the accounts above reflect normal activity? multiple choice $120,500. $75,000. $95,000.
The correct answer is: $173,000
This answer is in fact, the calculation to determine the amount of long term assets (which is basically the investment of a company that is going to benefit it in long run or future in many years) after by using the formula of :
Long-term assets =Land +Equipment + Patents
By plugging values in the formula, Long-term assets =$90,000 + $8,000 + $75,000. So, Long-term assets =$173,000. Therefore the number of long-term assets will be $173,000.
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What type of competition does a pizza parlor vs. an ice cream shop represent?
Answer:
Explanation:
Its an indirect competition because we know that a pizza parlor and ice cream shop belong to the same sector i.e. Food but in case of products sold we can observe that pizza is not the same product as an ice cream because one is considered as a fast food while other is mainly eaten as a dessert. If the pizza shop sold ice cream along with pizzas tooo then we might have come across a direct competition to some point.
But in this case the sector is same but the products sold are different therefore this competition can be considered as an indirect competition between the two parties.
Therefore we can conclude from the above statements that we can classify this competition as an indirect competition.
f the mexican nominal exchange rate (foreign currency per peso) does not change, but prices rise faster in mexico than in all other countries, then the mexican real exchange rate a. does not change. b. rises. c. cannot be determined without more information. declines.
If Mexico's nominal exchange rate (foreign currency per peso) does not change, but prices rise faster in Mexico than in all other countries, then Mexico's real exchange rate rises.
The exchange rate is one of the most important indicators in determining the economy of a country. Exchange rates play an important role in spending decisions, because they allow the translation of prices from different countries into the same language.
The exchange rate of a country's currency is divided into two types, namely:
Nominal exchange rate is the value used by a person when exchanging one country's currency for another country's currency.The real exchange rate is the value used by a person when exchanging goods and services from one country for goods and services from another country.You can learn more about exchange rate here brainly.com/question/14930716
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a widget maker operates in a perfectly competitive market with a price of $25 for a box of widgets. the widget maker has a marginal cost curve equal to 0.26q, where q is the number of boxes of widgets produced. the widget maker currently produces 96 boxes of widgets. should the widget maker produce 97 boxes of widgets instead?
The answer is Yes, the widget maker should produce 97 boxes of widgets instead because the marginal cost of the 96th box is below marginal revenue, so the production is too low and profits are not maximized.
What is the explanation for the decision?In a typical perfectly competitive market, the firm usually takes a price as given and at equilibrium maximize profit by producing the output P>=MC. That is, the price received for the equilibrium must be greater or equals to Marginal cost.
As the marginal revenue received by a perfectly competitive firm is equal to the price P, then, we can write the profit-maximizing rule for a perfectly competitive firm as a recommendation to produce at the quantity of output where P = MC.
Missing options "None of these answers, 0 O Yes, the marginal cost of the 96th box is below marginal revenue, so production is too low, and profits are not maximized. No, while the marginal cost of the 96th box is below marginal revenue, the marginal cost of 97th box is above it, so profit is already maximized. O No, the marginal cost of the 96th box is above marginal revenue, so production is already too high"
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economic growth is the amount that the capital stock increases in a given year. b. economic growth is the increase in the amount of consumption goods per capita. c. economic growth is increases in per capita real gdp measured by its rate of change per year. d. economic growth is the increase in the number of people working in a year.
Economic growth can be described as (C) the increases in per capita real GDP measured by its rate of change per year. It is also can be described as the increase or improvement in the inflation-adjusted market value of the services and goods produced by an economy over a certain period of time.
Economic growth can be caused by several main factors, such as land, capital, entrepreneurship, and labor. Economic growth also can be caused by two main sources of economic growth, such as growth in the productivity (output per hour worked) of that workforce and growth in the size of the workforce. These two main source can increase the overall size of the economy. But the source for increase per capita GDP and income is only strong productivity growth.
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last year a country had exports of $100 billion, imports of $70 billion, and purchased $60 billion worth of foreign assets. what was the value of domestic assets purchased by foreigners? a. $30 billion b. $40 billion c. $10 billion d. $70 billion
The value of domestic assets purchased by foreigners is $10 billion.
Domestic property means flora, assets and equipment of a home Subsidiary. home belongings method any acquired property owned through a home seller which aren't difficulty to a overseas Governmental Authority and concerning which no Consent of a overseas Governmental Authority is required pursuant to this agreement.
An asset is any resource or proper used to generate cash waft, lessen prices, or offer future monetary advantages for an character, government, or enterprise. property comprise financial fee and can benefit a business enterprise's operations, boom the price of a business, or improve an individual's net worth.
An asset is an entity from which the monetary owner can derive a gain or collection of blessings in future accounting intervals through preserving or the use of the entity over a time period, or from which the monetary owner has derived a benefit in past intervals and continues to be receiving a gain within the contemporary duration.
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when preparing the statement of cash flows using the indirect method, one of the purposes of adjusting net income for changes to certain balance sheet accounts is to
One of the purposes of adjusting net income for changes to certain balance sheet accounts is to convert the net income to cash.
What is statement of cash flows and what is the purpose of adjusting net income ?A cash flow statement is a financial statement that provides aggregate data of all cash in flows.Here in the question is asked one of the purpose of adjusting net income for changes to certain balance sheet accounts.Net income is the net earnings which is calculates as sales minus cost of goods, and other operating expenses.Hence when preparing the statement of cash flows using the indirect method, one of the purposes of adjusting net income for changes to certain balance sheet accounts is to convert the net income to cash.To know more about net income visit:
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the stock of red's hardware closed at $59.60 per share today. tomorrow morning, the stock goes ex-dividend, paying a dividend of $2.20 per share. the tax rate on dividends is 15 percent. all else the same, what price will the stock open at tomorrow morning?
The stock open at tomorrow morning at a price of $59.27
Ex-dividend price = Dividend price today-After tax dividend to be paid
59.60 - 15% of 2.20
59.60 - 0.33
= $59.27
What is Ex-dividend price?The price of a share reflects the cost of dividing dividend income, which is paid by stockholders selling their shares. Commonly referred to as the cu.m-dividend price, this is the price at which a business's stocks move between the date the company announces dividends and the ex-dividend date.
Buying a security just before the ex-dividend date shouldn't result in any gains because the price of the investment declines by roughly the same amount as the dividend. Similar to this, investors who purchase a share on or after the ex-dividend date receive a "discount" on the price of the asset to make up for the dividend they would not be receiving.
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nformation regarding the defined benefit pension plan of certainty services included the following for 2021 ($ in millions): plan assets, january 1$70 plan assets, december 31 105 retiree benefits paid (end of year) 17 employer contributions to the pension plan (end of year) 42 what was the actual return on plan assets for 2021?
The actual return on plan assets for 2021 will be $10 million
We know that,
Actual return can be found using the formula:
Beginning balance + actual return + contributions − retiree benefits paid = ending balance
($70) + (AR) + ($42) - ($17) = ($105) (in millions)
simplifying the equation,
70 + Ar + 42 - 17 = 105
112 - 17 + AR = 105
95 + AR = 105
AR = 105 - 95
AR = 10
Thus, The actual return on plan assets for 2021 will be $10 million
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In an essay of no fewer than 225-words, describe the importance of continuing education in law enforcement and some of the areas in which it has become even more important in recent years.
The importance of continuing education in law enforcement and some of the areas in which it has become even more important in recent years as police with four-year degrees use force less frequently, use less force overall, get fewer complaints and disciplinary proceedings, and produce stronger investigative reports.
Although the field of law enforcement may have been reluctant to fully see the benefits of education as a supplement to specialized job-related training, more and more administrators now see it as a crucial part of a comprehensive shift to community-based policing. The problem-solving abilities required for officers to function effectively in this context are improved through continual education as police move to connect with individuals in new ways and handle a wide variety of topics that affect crime problems in a community.
Revisions to mission statements necessitate far-reaching abilities in organizations across the nation. Higher educational levels, together with improved technical, management, and interpersonal abilities, are all part of a bigger strategy for improved professionalism.
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if a stock has a beta greater than 1.0, then its expected return a. will be 0. b. is greater than the market portfolio. c. is the same as the market portfolio. d. is less than the market portfolio.
(b) Greater than the market portfolio.
This is because in a market, beta greater than 1.0 will tend to produce above-average returns - but will also produce larger losses in a down market.
What is the portfolio ?
Portfolio is the collection of wide rages of assets that are owned by investor. the Portfolio collection includes financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). People generally believe that stocks, bonds, and cash comprise the core of a Portfolio.
What are the components of a Portfolio?
Components of a Portfolio
Stocks. Bonds. Alternative Investments.To learn more about Portfolio from the given link
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which dimension of ethical behavior in the digital age is represented by the following question?you are interviewing 3 applicants for a management position in your firm and wish to ensure that they will represent your company with professionalism and maturity. should you check the applicants' social media sites prior to making your hiring decision?
The dimension of ethical behavior in the digital age that is represented by the following question is called information privacy rights. Information privacy, data privacy or data protection laws provide a legal framework on how to obtain, use and store data of natural persons.
Information privacy will afford the resource person to have the full access of the individual ethical behaviour on social media and as a result could use such for whatever judgement he intends to make on his interviewee.
What is dimension of ethical behavior?Ethical Dimensions is a competency encompassing all over the curriculum so that learners will understand ethical principles that shape person and collective actions and apply those principles to the analysis of contemporary social and political problems. There are approaches to ethical issues from the angle of four moral principles which are:
respect for autonomy, beneficence, nonmaleficence, and justice.Therefore, the correct answer is as given above.
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a limitation of 1,550 machine-hours per week prevents golden leaf manufacturing company from meeting the sales demands for its products. the product information is as follows: r1 r2 r3 r4 unit selling price $450 $300 $175 $300 unit variable costs (300) (125) (100) (150) unit contribution margin $150 $175 $75 $150 machine-hours per unit 10 10 10 15 assuming demand for each product is as follows: r1 50 units; r2 80 units; r3 25 units; and r4 10 units, what is the best short-run profit maximizing strategy?
The best short-run profit maximizing strategy is $23,450.
A monopolistically competitive company optimizes profits or minimizes losses in the short run by producing the amount where marginal revenue equals marginal cost. The company will make an economic profit if the average total cost is lower than the market price.
How is short-run profit determined?
Profits from the sale of an asset that a company has owned for less than a year are referred to as short-term profits. By deducting the price, you paid for an asset at the beginning of the year from the sale price you got for the item, you may figure out your short-term gains. Four important elements can contribute to profitability. Costs are coming down, turnover is going up, production is going up, and efficiency is going up.
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which of the following is not insured by the fdic? question 6 options: retirement account. savings account. certificate of deposit. money market savings account. g
The option that is known to not be insured by the FDIC would be the certificate of deposit.
What is the FDIC?This is the term that is sued to refer to the agency that has to do with the regulation that is done in the financial market in the United States of America.
They are the ones that would help to raise the stability and the confidence that the people of the United States would need to have in these monetary systems.
The FDIC is known to provide all that we have here but the certificate of deposit.
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learner company sells its product for $100. it has a variable cost ratio of 70% and total fixed costs of $9,000. what is the break-even point in sales dollars for learner company?
To calculate the break-even point in terms of sales dollars, divide the fixed costs by the contribution margin.
Break-even sales dollars = $30,000
How do you calculate break-even point in sales dollars?To calculate the break-even point in terms of sales dollars, divide the fixed costs by the contribution margin. ...Fixed Costs Contribution Margin = Break-Even Point (sales dollars).Contribution Margin = Product Price minus Variable Costs.The point at which a company's revenues equal its costs is known as the break-even point. The break-even point can be calculated in two ways: one is to determine the number of units that must be sold, and the other is to determine the amount of sales, in dollars, that must occur.1 - Variable Cost Ratio = Contribution Margin Ratio
Contribution margin ratio = 1 - 0.70 = 0.30
Break-Even Sales Dollars = Total Fixed Cost / Contribution Margin Ratio
Break-even sales dollars = $9,000 / 0.30 = $30,000
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for a given data group, simple exponential smoothing is being used to forecast demand. the forecast of a given period is 110, which turned out to be 4 units more than actual demand. the forecast for next period is 109.2. based on information given, what is smoothing constant, alpha? group of answer choices none of the choices 0.15 0.20 0.10 0.60
The formula for the exponential smoothing is as follows: Demand for the most recent period times the smoothing factor.
The forecast for the most recent time period multiplied by (one minus the smoothing factor). S is the smoothing factor, which is expressed in decimal form (35% would be 0.35). A time series forecasting technique called exponential smoothing can be expanded to support data with a systematic trend or seasonal component. It is a potent forecasting technique that can be employed in place of the well-liked Box-Jenkins ARIMA family of techniques. A forecasting technique for univariate time series data is exponential smoothing. With this strategy, forecasts are weighted averages of historical observations, with the weights of older observations decreasing exponentially. Alpha, the smoothing constant, is 0.20. (Option a)
Detailed explanation:
To begin resolving this issue, we first list the simple exponential smoothing in succession:
Where xt is the real demand for period t, alpha is the smoothing constant, s(t) is the forecast for period t, s(t-1) is the forecast for period (t-1), and
There are no unknowns other than the alpha constant: s(t)=109.2, s(t-2)=110, xt=110-4=106.
After that, we may determine alpha as:
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currently, which type of financial institution in the primary mortgage market provides the most funds for the residential (owner-occupied) housing market?
Financial institution in the primary mortgage market provides the most funds for the residential (owner-occupied) housing market is Commercial bank.
What is Commercial bank?The term commercial bank accepts deposits, provides checking account services, issues various loans, and provides basic financial products such as certificates of deposit (CDs) and savings accounts for individuals and small businesses. A commercial bank is a financial institution that performs the function of accepting deposits from the general public and lending money for investment, with the aim of making a profit. In fact, commercial bank, as the name suggests, exclude commercial institutions.They bank to make a profit. Commercial bank can be further classified into public sector banks, private sector banks, foreign banks and regional regional banks (RRBs). On the other hand, credit unions are divided into urban and rural areas. That said, payment banks are a fairly recent addition to the structure.To learn more about commercial bank from the given link :
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an interest rate of 1% per month is the same as: a) nominal 3% per quarter compounded monthly. b) effective 12.683% per year compounded monthly. c) nominal 12% per year compounded monthly. d) all of the above.
High street banks establish interest rates that are influenced by factors other than the Bank Rate. Other factors, such as the possibility that a loan won't be repaid, are taken into account when making loans. The bank will charge a higher rate the lender believes the risk to be larger.
Effective annual compound interest of 12.683% monthly.
interest rate equals 1% monthly
To convert to effective per year, use the formula
[(1+1/100)12 - 1].100\s
= [(1.01)¹² - 1] 100\s
= (1.1268 - 1) (1.1268 - 1) 100\s
= 0.1268 × 100\s
= 12.68%
Therefore, the annual percentage rate of interest, compounded each month, is 12.68%. The length of the loan or mortgage that you intend to take out may also be a factor. Our interactive graphic allows you to view the historical interest rates for various financial products.
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what is the price today (in dollars and cents) of a stock whose dividend per share is currently $1.80 and who expects to pay this same dividend per share at the end of each future year forever? that is, the assumption is that the current dividend per share will never change. the stock's required rate of return is 7.25%.
The current price of the stock would be $24.82
What is stock?
A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess.
Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges. Government standards designed to shield investors from dishonest tactics must be followed during stock trades. In order to raise money to run their operations, corporations issue stock, and the holder of that shares, known as a shareholder, may be entitled to some of the company's assets and earnings.
Calculate the price today as follows:
Price today = dividend / Required rate of return
Price today = $1.80 / 7.25%
Price today = $24.82
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if disposable income increases from $9,000 billion to $11,000 billion, and consumption increases from $9,500 billion to $11,000 billion, the mpc must be: group of answer choices .75 1.00 0.90 0.25
The mpc of disposable income must be: 75.
What is disposable income ?
A person or household's disposable income, commonly referred to as disposable personal income (DPI), is the amount of money left over after income taxes have been paid. At the macroeconomic level, one of the most important economic indicators used to assess the overall health of the economy is disposable personal income. Net income is available money. Net money that is still available after covering all essentials is known as discretionary income. To determine how people borrow, spend, and save, economists keep close eye on these figures at the macro level.
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regarding proper ethical accounting guidelines, which, if any, of the following is correct? a.if a client has made a mistake in a prior year's return and refuses to correct it, the accountant should withdraw from the engagement. b.if the exact amount of a deduction is not certain (e.g., around mid-$600s), it should be recorded as an odd amount (i.e., $649) so as to increase the appearance of greater certainty. c.the use of client estimates in preparing a return may be acceptable. d.under no circumstances should a question on a tax return be left unanswered.
Integrity, objectivity, professional competence and due care, confidentiality, and professional behavior are the guiding principles of the Code, which establishes the expected behavior of a professional accountant (PA) and reflects the profession's understanding of its duty to serve the public interest.
What is meant by ethical accounting guidelines?Integrity, objectivity, professional competence and due care, confidentiality, and professional behavior are the guiding principles of the Code, which establishes the expected behavior of a professional accountant (PA) and reflects the profession's understanding of its duty to serve the public interest.
In order to prevent the exploitation of financial information or managerial positions, accounting ethics refers to adhering to certain norms and guidelines established by regulating organizations.
The updated Code creates a theoretical framework for all professional accountants to assure adherence to the following five core ethical principles:
Integrity.Objectivity.Professional Competence and Due Care.Confidentiality.Professional Behavior.Therefore, the correct answer is option a. The use of client estimates in preparing a return may be acceptable.
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you have one type of nut that sells for $4.60/lb and another type of nut that sells for $8.70/lb. you would like to have 32.8 lbs of a nut mixture that sells for $8.10/lb. how much of each nut will you need to obtain the desired mixture?
28 lbs of the expensive $8.70/lbs nuts and 4.8 lbs of the cheaper $2.50/lbs is required in order to obtain 32.8 lbs of a nut mixture that sells for $8.10/lbs i.e., the desired mixture.
What are linear equations ?If a variable consistently exhibits its maximum power, an equation is considered to be linear. Another name given to linear equation is a one-degree equation. The typical form of a linear equation with one variable is Ax + B = 0. In this case, the variables x and A are variables while the variable B is a constant. The traditional form applies to a linear equation with two variables is Ax + By = C. In this case, we have the variables x and y, the coefficients A and B, and the constant C.
Let C be the cheaper nut that costs $4.60/lbs and E be the expensive nut that costs $8.70 :
4.6C + 8.7E = 32.8(8.10)
4.6(32.8-E) + 8.7E = 265.68
150.88- 4.6E + 8.7E = 265.68
4.1E = 265.68 -150.88
E = 114.8/4.1
E = 28 lbs
C = 32.8 - 28
C = 4.8 lbs
Therefore, the required quantity of the expensive $8.70/lbs nuts is 28 lbs and cheaper $2.50/lbs nuts is 4.8 lbs.
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18. sardi company estimates its 2015 tax expense to be $80,000. it makes a cash payment of $20,000 to the tax authorities on december 31, 2015. how should this transaction be recorded by sardi? debit tax expense $80,000; credit cash $60,000; credit taxes payable $20,000 debit tax expense $80,000; credit cash $20,000; credit taxes payable $60,000 debit tax expense $80,000; credit cash $20,000 debit tax expense $80,000; credit cash $20,000; credit accounts payable $60,000
Debit tax expense $80000 credit cash $20000, credit taxes payable $60000
tax expense estimated by the company in the year 2015 is $80000
Cash payment to the tax authorities on December 31, 2015, = $20000
So the balance tax to be paid is equal to 80000 - 20000 = 60000
Hence initially the company need to debt tax expense $80000
Then the credit cash is $80000
The provision to be made credit taxes payable $60000
Hence Debit taxes paid ($60,000), credit cash ($2,000), and credit tax expense $80000
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a manufacturing defect is one which: group of answer choices none of the other choices are correct occured during the manufacturing stage and for which the consumer will be compensated ocurred after the manufacturing stage and for which the consumer will not be compensated ocurred after the manufacturing stage and for which the consumer will be compensated ocurred during the manufacturing stage and for which the consumer will not be compensated
A manufacturing defect is one that occurs during the manufacturing process and for which the consumer will receive compensation.
Stage of production.
Any of the following stages of a product's production: I manufacturing/synthesis of the applicable Compound or Compounds' Bulk Chemical Form, (ii) formulation, and (iii) packaging of the Finished Dosage Form
Manufacturing is the process of creating a product from raw materials. This is accomplished through the use of human labor, machinery and/or other tools, and, in some cases, a biological or chemical process.
Manufacturing can be done on a large scale, or it can make the parts that are assembled to make automobiles, airplanes, household appliances, and other items.
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multiple choice question company a sold 200,000 units. selling price is $7 per unit, contribution margin is $4 per unit, and the fixed expenses total $632,000. company a's profit (loss) is blank . multiple choice question. ($32,000) $18,000 $168,000 $768,000
A company with multiple choice questions sold 200,000 units. $7 is the selling price, $4 is the contribution margin, and $632,000 is the fixed expense total. Profit (loss) for company A is left blank. query with several options. ($32,000) $18,000 $168,000 $768,000
Unit sales goal is 6,000 units fixed expense.
The sales price less the variable cost per unit is what is referred to as the contributing margin company. The breakeven point is also known as the point at which expenses are equal to revenues. The equation is given by Contributing margin = 36,000/4000 and Breakeven= Fixed cost/Contributing margin 4,000.
Target unit sales equal (1800+3600)/9 Contributing margin = $9 Target unit sales equal (profit target+fixed cost)/contributing
Unit sales goal is 6,000 units company.
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Where would you measure angles?
A) Driveline components
B) Bolt
C) Fasteners
D) All of the above
Driveline components (option A) are where I would measure angles.
What is angle measurement?The amount of rotation from point A to point B is described as an angle measurement. It is important to mention that the if the rotation is carried in a clockwise direction, then such an angle is called a positive angle. If the rotation is carried out in the anticlockwise direction. Then such an angle is called a negative angle.
Driveline components are described as the various components in a vehicle that allows the wheels to rotate by transferring power to the wheels from the transmission. Angles are measured in a driveline and the angle is kept within one degree with respect to the other components.
It can be concluded that driveline components (option A) are where I would measure angles.
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venezuela can grow and sell cut flowers for floral bouquets more easily and more cheaply than most other countries can produce the same flowers. when it comes to flowers, venezuela has a(n):
Based on the fact that Venezuela can grow and sell the flowers are a cheaper price and more easily than other countries, it can be said that Venezuela has a Comparative Advantage.
What is Comparative Advantage?When a country is said to have a comparative advantage in something, it means that they are able to produce that good or service at a cheaper price than other countries can. This therefore means that they are more efficient in the production of that good or service, and so can make more money on selling that good or service because they will sell at a cheaper price.
Venezuela is able to make flowers for floral bouquets as well as sell them at a cheaper price than other countries. Venezuela can therefore be said to have a comparative advantage in flower production and they should take advantage of this by exporting more of those flowers.
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in the long run: a at least one input is variable and one input is fixed. b all inputs have marginal product equal to zero. c all inputs are fixed. d all inputs are variable. e inputs are neither variable nor fixed.
In the long run all inputs are variable. Hence Option D is the answer.
Define variable inputs in production.A resource or production component that may be quickly altered by a company in an effort to alter output volume is known as a variable input. In short-run production, the majority of businesses use a variety of variable inputs, namely labor, raw materials, and energy. Variable factors are those whose employment varies in proportion to output; more are employed when production rises and fewer when production falls.
Labor, energy, and raw materials employed directly in production are examples of typical variable elements. Labor is the most typical example of a variable input. The additional inputs required by a company to increase short-run production are provided by a variable input. The capacity constraint in production, on the other hand, is provided by a fixed input, such as capital.
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for a special promotion, retail stores may deliberately sell a product below its customary price to attract customers, in hopes that they buy other items with large markups, in an approach known as
This approach is known as Sales Promotion.
What is Sales Promotion?
Sales promotion is a transitory campaign or offer is used by a company as part of a sales promotion to raise interest or demand in its product or service.
A company may decide to utilize a sales promotion (or "promo") for a variety of reasons, but the main one is to increase sales. Sales increases could be required to meet a quota as a deadline draws near or to spread word of a new product.
What are the types of sales promotion?
Types of sales promotion are:
1. Simple discounts.
2. Limited time offer.
3. Free shipping.
4. Special prices.
5. Bundling.
6. Contests & giveaways.
7. Abandoned cart discounts.
8. Coupons.
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