a. The market equilibrium price is $15.
The market equilibrium quantity is 70.
b. The market price if there is a shortage of 30 units is $10.
c. At a price of $20, the market experiences a surplus of $30.
What is equilibrium price?The equilibrium price simply means the price at which the quantity that's demanded and the quantity that's supplied are equal.
It should be noted that a shortage occurs when the quantity that's demanded is less than the quantity that supplied. In this case, there's a shortage of 30 units when the price is $10. The quantity demanded is 85 units and the quantity supplied is 55 units.
Also a surplus occurs when the quantity that's supplied is more than the quantity that's demanded.
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estimating the fixed and variable components of a mixed cost using the ____ approach involves a detailed analysis of what cost behavior should be.
Estimating the fixed and variable components of a mixed cost using the variable per cost unit approach involves a detailed analysis of what cost behavior should be.
The scattergraph (or scatter graph) method is a visible approach utilized in accounting for separating the constant and variable components of a semi-variable rate (also known as a blended fee) which will estimate and finance future expenses.
A cost that modifications in share to modifications in extent of interest is called c) variable components. Variable fees are the ones tied without delay to production and rise and fall relying on what paintings a commercial enterprise does.
The high-low method computes the variable components fee by using dividing the change in the general expenses by the trade within the number of units of synthetic. In other words, the $4,800 change in overall charges is split via the change in units of three hundred to yield the variable price rate of $sixteen in line with the unit of product.
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At some schools, the word concentration is used instead of major.
True
False
Are lease agreements non refundable?
Answer:
Explanation:
Yes, you may stay for month and In last by writing you may ask landlord to adjust the security for arrears or rent.
Or you may give advance notice to the landlord that you would vacate the premises on so n so date and for that period you would not pay the rent and same may be adjusted from security.
suppose scientists provide evidence that people who drink energy drinks are more likely to have a heart attack than people who do not drink energy drinks. we would expect to see
A drop in interest in energy drinks will be visible in the market.
What is a market?Supply and demand, two economic forces, govern the creation of goods and services in a market economy. Market economies are built on free transaction and are not governed by a centralized authority (such as a government).
The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject.
The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market. The four types of economic market structures are oligopoly, monopoly, perfect competition, and monopolistic competition.
The following characteristics explain why the categories are different: In oligopoly, there are few producers, many in perfect and monopolistic competition, and one in monopoly.
A market economy is a form of economic system in which supply and demand, rather than government intervention, control the economy. An economy with a fully free market is one in which every resource is privately owned.
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MicroEcon Question. Urgent. Pls. Help.
The average fixed cost of each case will be $7,142.86.
The average variable cost is $70,000.
What is the average fixed cost and average variable cost?Fixed cost is the cost that does not change with the number of lawyers hired or the number of cases. Fixed cost remains fixed regardless of the number of lawyers or the number of cases. Examples of fixed cost include rent, electricity.
Average fixed cost is the total fixed cost per case. Average fixed cost can be determined by dividing the fixed cost by the number of cases.
Average fixed cost = fixed cost / number of cases.
$200,000 / 28 = $7,142.86
Variable cost is the cost that changes with the level of output. Variable cost would increase with the level of output or the number of lawyers hired. The average variable cost is the cost of hiring one lawyer. The average variable cost is $70,000.
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as a strong leader, when you aim to achieve something and initially fail, what would you most likely do?
As a strong leader, you ought to provide a very thorough justification. Find a fresh approach to collaboration to complete the task. When you set out to do something, as a successful leader, you most likely find a new way to work with others.
Effective leaders must comprehend the motivations, emotions, and sentiments, particularly those who report to them. Since so many individuals are currently dealing with various difficulties, including worry, stress, adjusting to new work conditions, and income decline, empathizing with employees is essential.
A good leader demonstrates courage, passion, confidence, commitment, and ambition and offers direction, inspiration, and advice.
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What is the association of the term “integration” with ERP?
Answer: ERP integration is the method by which a business connect its ERP (Enterprise Resource Planning) software with other applications.
Explanation: ERP integration, to put it, simply, links and synchronises ERP software with other programs and data sources. Whether the data comes from the ERP or other systems, ERP software integration gives you a unified picture of data from several systems in real time.
Consider the following production function: Q = 2K + 5L. The price of capital is €10 per unit and the price of labour is €20 per unit. The firm wants to produce 100 units of output. The number of units of labour that the firm will hire is
A.
50
B.
5
C.
25
D.
20
Answer: I don't know
Explanation: I don't know
What are the basic functional areas of an organization? In an organization, which functional area does not have any direct communication with customers?
Generally speaking, strategy, marketing, finances, human resources, technology and equipment, and operations make up the six functional areas of business management. Customer relationship management (CRM), problem solving, and support are often the purview of customer service.
The lifeblood of manufacturing companies is the functional area of research and development, to sum up. Information management is not a management functional area. Management encompasses a variety of tasks, including those related to production, marketing, and human resources. Teams of employees in functional domains have similar Customer knowledge and abilities. A business's sales department, for instance, is a typical functional area where employees are all concerned with promoting the company's goods.
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Khurana Company's defined benefit pension plan had a PBO of $275,000 on January 1, 2024. During 2024, pension benefits paid were $43,000. The discount rate for the plan for this year was 11%. Service cost for 2024 was $82,000. Plan assets (fair value) increased during the year by $47,000. The amount of the PBO on December 31, 2024, was:
If during 2024, pension benefits paid were $ 43,000 and the Service cost for 2 0 2 4 was $ 82,000. Plan assets (fair value) increased during the year by $ 47,000. The amount of the PBO on December 31, 2 0 2 4, was: $ 344,250.
Determining the PBO amount for the December 31Now let calculate the projected benefit obligation (PBO) amount using the given details.
Khurana Company's PBO as at December 21, 2024
PBO on Jan 1, 2021 $275, 000
Add Service cost $82, 000
Add interest $30,250
( $275,000 × 11% )
Less pension benefit ($43,000)
PBO at dev December 31 $344,250
Therefore we can conclude that the amount of $ 344,250 is the PBO amount for the month of December 31.
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9. production possibilities curve is a graph that shows
(A) Alternative ways to use an economy's
resources.
(B) A company's projected product sales.
(C) How a country will budge its resources.
(D) How a company will pay its expenses.
Production possibilities curve is a graph that shows alternative ways to use an economy's resources.
In economics, a production possibilities curve measures the maximum output of two goods for a given amount of input. The input is made up of the four production variables: labor, capital goods, natural resources (including land), and entrepreneurship. In economics, the most efficient way to make a pair of things is depicted by the production possibilities curve. The points on the curve show how much of each good will be generated when resources are allocated to generating more of one good and less of another.
The cost of society's decision to choose between two alternative commodities is depicted by the production possibility curve. The best quality of life is possible for an economy when it is operating at the production possibility frontier, or the extreme edge of this curve, since it is employing its resources to produce as much as possible.
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A change in which of the following will not shift the demand curve for hamburger? a. the price of hot dog, b. the price of hamburger, c. the price of hamburger buns, d. the income of hamburger consumer
The option that will not shift the demand curve for hamburger is the price of hamburger.
What will not shift the demand curve for hamburger?
The demand curve is a curve that shows the relationship between the price of a good and the quantity demanded of the good. The demand curve slopes downward indicating a negative relationship between the price of a good and the quantity demanded of the good.
A change in the price of a good will lead to a movement along the demand curve for that good. Other factors would lead to a shift of the demand curve. The demand curve can either shift inward or outward.
Factors that would lead to a shift of the demand curve include:
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human resource also known as production in the factor of labor , true or false?
I think the answer is TRUE.
Explanation:Labor is the effort that people contribute to the production of goods and services. The factors of production in an economy are its labor, capital, and natural resources. Labor is the human effort that can be applied to the production of goods and services. People who are employed or would like to be are considered part of the labor available to the economy.
issuers can gradually reduce the outstanding balance of a bond issue by using a sinking fund account into which they deposit a specified amount of money each year. to operationalize the sinking fund provision of an indenture, issuers can (1) purchase a portion of the debt in the open market or (2) call the bonds if they contain a call provision. under what circumstances would a firm be more likely to buy the required number of bonds in the open market as opposed to using one of the other procedures? when interest rates are higher than they were when the bonds were issued when interest rates are lower than they were when the bonds were issued
The items traded by buyers and sellers in the market are financial securities. They fall under the categories of marketable and non-marketable securities.
Stocks and debt are examples of equity financial securities. Bonds and debentures are examples of financial securities.
Bonds are long-term income securities that can be borrowed or gifted. The charges made on bonds are known as interest rates. The bonds and interest rates have a symbiotic relationship. The price of bonds decreases when interest rates rise, and they rise when interest rates go down. When the interest rate is higher and when it is lower, bonds are sold below face value and above face value, respectively.
Which are the four principal types of securities?
Debt, equity, derivative, and hybrid securities are the four different categories of security. By selling stocks, owners of equity securities, such as shares, can profit from capital gains.
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A firm produces output according to the production function Q = 4K + 8L where K is capital and L is labour.
If the wage rate is €60 and the cost of capital is €20, how many units of labour should the firm hire if it wants to produce 16 units of output?
The units of labour that the firm should hire if it wants to produce 16 units of output is 2 units.
What will be the number of unit?The production function is Q = 4K + 8L where
K = capital
L = labour
For Q = 16
16 = 4K + 8L
According to the given production function K and L are substitutes so for producing 16 units
MRS = w/r
MRS = MPL/MPK
= 8/4
= 2
We will divide the wage rate by cost of capital and this will be:
= Wage rate / Cost of capital
= 60/20 = 3
As W/r is more than MRS so the firm only uses capital and zero labor to produce.
So for 16 units of capital
16 = 4K + 8L
where K = 0
Substitute k = 0 into the equation
16 = 4K + 8L
16 = 4(0) + 8L
16 = 8L
Divide
L = 16/8 = 2
The units is 2 units.
This illustrates the unit of labor.
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a cpa and enrolled agents both offer tax services including return preparation while a(n) ______ will represent you in the case of an irs lawsuit.
Answer:
Attorney
Explanation:
A CPA and enrolled agents both offer tax services including return preparation while an attorney will represent you in the case of an IRS lawsuit. Thus, "attorney" is the correct filler.
Who is an attorney?An attorney is a person with legal training and education as well as courtroom experience. An attorney is, in essence, a person who represents a client in a court of law. The word "attorney" has French roots and comes from a verb that means to represent someone else. An attorney is a shortened version of the official title "attorney at law."
The differences in the functions and responsibilities of the two professions are crucial to comprehend, much like the discrepancy between the definitions of lawyer and attorney. As previously said, both have formal legal education and training, but a fundamental distinction between an attorney and a lawyer is frequently how one uses their knowledge and expertise.
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which step of the planning phase of the strategic marketing process involves developing a plan for how to satisfy customer needs, while the who and what aspects had been determined previously?
The marketing program step of the planning phase of the strategic marketing process involves developing a plan for how to satisfy customer needs.
The marketing program is a way of considering the whole scale of our marketing activity for the complete organization.
This receives damage down by our individual product or product families. once in a while, we've products that are institution together and they are comparable by some means or have the same kind of brand.
A marketing plan lays out your commercial enterprise approach to obtaining new clients and promoting more services and products. However, it additionally serves as a manner of analyzing precisely how a success your advertising efforts were so far.
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a company sold 20,000 units of its product for $20 each. variable cost per unit is $11. fixed expenses total $150,000. the company's contribution margin is ______.
A company sold 20,000 units of its product for $20 each. variable cost per unit is $11. fixed expenses total $150,000. the company's contribution margin is $180,000
The contribution margin can be stated on a gross or per-unit basis. It represents the incremental money generated for each product/unit sold after deducting the variable portion of the firm's costs. The difference between a product's sale price and the variable costs related to its manufacture and sale is calculated as the contribution margin. The following formula is used to express this:
C= R-V
Contribution margin = 20,000 x ($20-$11)
= $180,000
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You are considering two savings options. Both options offer a rate of return of 8.3 percent. The first option is to save $1,500, $1,250, and $6,400 at the end of each year for the next three years, respectively. The other option is to save one lump sum amount today. You want to have the same balance in your savings account at the end of the three years, regardless of the savings method you select. If you select the lump sum method, how much do you need to save today?
If you select the lump sum method, the amount you need to save today is $7,409.20.
How much should you save today?In order to determine the amount you need to save today in order to have the same value in the future as the 3-year annuity, the present value of the annuity has to be determined.
The present value of the cash flows can be determined by discounting each of the cash flows at the rate of return and adding the discounted cash flows together.
Present value = 1500 / (1.083) + $1250 / (1.083²) + $6400 / (1.083³) =
1385.04 + 1065.74 + 5,038.42 = $7,409.20
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On a business's balance sheet, inventory affects.
OA. net income
OB. total assets
C. cost of goods sold
D. gross profit
Answer:
I think its D of not then its C
Explanation:
Answer:
total assets
Explanation:
If the total income of people in the US increases,
1. Equilibrium price would increase & equilibrium quantity would decrease
2. Equilibrium price would decrease & equilibrium quantity would decrease
3. Equilibrium price would increase & equilibrium quantity would increase
4. Equilibrium price would be indeterminate & equilibrium quantity would decrease
Equilibrium price would increase and equilibrium quantity would increase
What is equilibrium price and quantity?
The equilibrium price, which is obtained when the quantity sought by consumers and the quantity supplied by producers, respectively, are equal, is the only price at which consumer and producer plans coincide. This common quantity is known as the equilibrium quantity.
A product is neither in short supply nor in excess when its quantity is in balance. When supply and demand cross, the amount of a good that consumers desire to buy is equal to the amount that its manufacturers are supplying.
To determine the quantity, enter the equilibrium price into the supply or demand function.
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List the steps of the rational model of decision making in the correct order, with the first step listed at the top and the last step listed at the bottom.
The steps of the rational model of decision-making are in the correct order, with the first step listed at the top and the last step listed at the bottom.
Step 1: become aware of the problem
Step 2: set up decision standards
Step three: Weigh decision standards.
Step 4: Generate alternatives.
Step 5: compare options.
Step 6: Choose a great alternative.
The rational model of choice-making is a model where individuals use data and data, analysis, and a step-by using-step method to determine. The rational version of the decision.
The rational model of selection-making includes reasoning, statistics, and records. In contrast, intuitive choice-making includes deciding on amongst options without relying on reasoning or evaluation. It entails unconsciously recalling a reminiscence or counting on feelings to make selections.
The rational goal approach specializes in the agency's ability to gain its desires. An organization's dreams are recognized by way of establishing the overall goal, discovering means or goals for its accomplishment, and defining a set of sports for each goal.
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The structure of organization includes:
Select one:
A.
identification and classification of required activities,
B.
informal organization,
C.
establishing enterprise objectives,
D.
authority relationships
Answer: identification and classification of required activities
Explanation:
Answer:
Explanation:
The correct answer for this question will be
A. identification and classification of required activities.
It is very important to group similar activities necessary to attain objectives. The assignment of each group to a manager with the authority necessary to supervise it. The process of structuring human and physical resources in order to accomplish organizational objectives involves dividing tasks into jobs, specifying the appropriate department for each job, determining the structure.
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Laila is a resident of Vermont. Noor is a resident of New York. They are involved in a car accident in New Jersey. Laila suffers serious injuries that result in $200,000 in medical bills. Laila can sue Noor in a
a.
federal court due to diversity jurisdiction.
b.
federal court due to federal question jurisdiction.
c.
New Jersey state court due to diversity jurisdiction.
d.
New Jersey state court due to federal question jurisdiction.
Laila can sue Noor in a federal court due to federal question jurisdiction. A court having original, appellate, and advisory jurisdiction was formed in India in 1937 as per the terms of the Government of India Act 1935.
It operated up until 1950, when the Supreme Court of India was established. Despite the fact that Delhi served as the Federal Court's headquarters, a separate Pakistani Federal Court was founded in Karachi following India's partition. The Federal Court of India has the option of appealing to the jurisdiction Committee of the Privy Council in London. Any legal conflict involving the Central Government and the Provinces fell within the exclusive original jurisdiction of the Federal Court.
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upstream activities in the value chain are concerned, in part, with group of answer choices the support activities. input logistics. the primary activities. after market service.
Upstream activities in the value chain are concerned, in part input logistics. In general, logistics is the detailed planning and execution of a complex operation.
What is logistics ?In general, logistics is the detailed planning and execution of a complex operation. Logistics, in general, manages the flow of goods between the point of origin and the point of consumption to meet the needs of customers or corporations. Logistics resources can include tangible goods like materials, equipment, and supplies, as well as food and other consumable items.
Logistics in military science is concerned with maintaining army supply lines while disrupting enemy supply lines, because an armed force without resources and transportation is defenceless. Military logistics was already practised in the ancient world, and advanced implementations have been developed as the modern military has a significant need for logistics solutions.
Logistics management is a branch of supply chain management and supply chain engineering that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and point of consumption in order to meet the needs of customers.
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When computing the cost of the basket of goods and services purchased by a typical consumer, what changes from year to year?
The charge of goods and services and offerings modifications from 12 months to 12 months while calculating the fee incurred while shopping a basket of products. This is due to the modifications withinside the inflation rate, which influences the shopping electricity of a currency.
To locate the CPI in any 12 months, divide the charges of the marketplace basket in 12 months t through the fee of the equal marketplace basket withinside the base 12 months. The CPI in 1984 = $seventy-five/$seventy-five x a hundred = a hundred The CPI is simply an index fee and its miles listed to a hundred withinside the base 12 months, in this example 1984. So, fees have risen through 28% over that 20 12 months period.
The fee of the constant basket of products and offerings need to be calculated for whenever period. Like computing GDP, the fee of the constant basket of products and offerings is located through multiplying the amount of every object instances its charge. A base 12 months is selected, and the index is computed.
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Home Hardware reported beginning inventory of 30 shovels, for a total cost of $210. The company had the following transactions during the month:
January 2 Sold 8 shovels on account at a selling price of $8 per unit.
January 16 Sold 12 shovels on account at a selling price of $8 per unit.
January 18 Bought 4 shovels on account at a cost of $7 per unit.
January 19 Sold 12 shovels on account at a selling price of $8 per unit.
January 24 Bought 12 shovels on account at a cost of $7 per unit.
January 31 Counted inventory and determined that 10 units were on hand.
Prepare the journal entry:
At month end, counted inventory and determined that 10 units were on hand. Record the "book-to-physical" adjustment.
The journal entry to record the "book-to-physical" adjustment for Home Hardware is as follows:
Journal Entry:Debit Cost of goods sold $252
Credit Inventory $224
Credit Book-to-physical adjustment (inventory shortage) $28
What is the book-to-physical adjustment?The book-to-physical adjustment is the computed difference between the inventory amount in the general ledger and the dollar value of the physical inventory.
The difference arises from shortages due to either pilferage or unrecorded sales.
For instance, after purchasing 12 shovels on Jan. 24 without recording any sales thereafter, how come the inventory count yields 10 shovels only?
Jan. 1 Beginning inventory 30 $7 $210
Jan. 2 Sales -8 $8
Jan. 16 Sales -12 $8
Jan. 18 Purchases 4 $7 $28
Jan. 19 Sales -12 $18
Jan. 24 Purchases 12 $7 $84 $322
Jan. 31 Ending inventory 14
Inventory count 10
Shortage/Unrecorded sales 4
Cost of goods sold $252 (46 - 10 x $7)
The cost of goods sold (recorded) = $224 ($7 x 32)
Cost of ending inventory = $70 (10 x $7)
Book-to-physical adjustment = $28 ($7 x 4)
Analysis:Cost of goods sold $252
Inventory $224
Book-to-physical adjustment (shortage) $28
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Sheldon, a physicist, has developed a breakthrough formula and he wants to protect it. What type of intellectual property law covers confidential information, such as a physics formula, that is in the process of being licensed?
A. Trade secret
B. Copyright
C. Trademark
D. Patent
The type of intellectual property law that covers confidential information, such as a physical formula, that is in the licensing process is A. Trade Secret.
What is trade secret?Corresponds to a type of licensing whose objective is the protection of intellectual property whose information is confidential and for use only by the creator himself, who also has the right to license it and receive royalties for it.
Therefore, trade secret is related to a property, as an innovative formula, which may contain confidential and valuable information, whose owner has legal use, licensing and disclosure rights.
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f a firm has equity equal to $50, and a debt to equity ratio of 1.5, what is the value of the firm's assets? (do not include $ sign) selected answer: 125 correct answer: 125 answer range /- 0 (125 - 125 )
The value of the firm's assets is $125.
What is the debt-to-equity ratio?The debt-to-equity ratio is described as a ratio that is specifically used to assess the financial leverage of a company. It is a highly significant metric within the purview of a firm's finance. This ratio gives a measure of how much debt a firm is using to finance its different operations without using the resources that it already has. Furthermore, the debt-to-equity ratio also highlights the proportion of the debt and the shareholder's equity.
Given that,
shareholder Equity = $50
Debt to equity ratio = 1.5
According to the formula,
Debt to equity ratio = total liabilities/ total shareholder's equity
or, Total liabilities = debt to equity ratio x shareholder's equity = 1.5 x 50 = 75
Assets = liabilities + shareholder equity = 75 + 50 = $125
It can be concluded that the value of the firm's assets is $125.
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after meeting with the borrowers to complete a loan application, you return to your office and order a tri-merged credit report. now that you have a credit report, what loan disclosure must you now prepare and mail (or give) to them?
Notice to Home Loan Applicant
Can the borrower get a credit report?
The lender or broker is permitted by the Fair Credit Reporting Act to provide their client with a copy of the report they have obtained. However, if you decide to do so, you must be ready to explain the report to your customer and the information it contains.
Who is eligible for a loan is determined by lenders using what criteria?
To determine whether you are eligible for a personal loan, the majority of lenders look at your income, DTI ratio, credit score, and credit history.
What is included in a disclosure of a credit score?
In a nutshell, this is a disclosure that contains information such as the applicant's credit score, the range of possible scores, key factors that negatively impacted the credit score, the date of the score, and the name of the individual or organization that provided the score.
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