Joint venture montgomery regional hospital uses a radiologist in egypt to read cat scans, they are using what common practice.
A joint venture is a partnership between two or more people that aims to develop one business or project for profit while splitting the associated risks. The joint venture's participants must consist of at least two different natural persons or entities.
The parties may provide the single firm or project with capital, labor, assets, talent, experience, expertise, or other resources various tools that are beneficial for the specific business or project.
Each case's unique facts will determine whether or not a joint venture can be formed. Although a joint venture does not have a statutory definition, courts in numerous jurisdictions, including New York, have recognized the following as its constituent parts:
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The idea of a decision process implies that consumers always apply rational processes in their buying decisions. false true
The idea of a decision process implies that consumers always apply rational processes in their buying decisions - False.
What are buying decisions?Consumers make decisions about market transactions before, during, and after they acquire a good or service. This is known as the buying decision process. It can be viewed as a specific type of cost-benefit analysis when there are numerous possibilities.The buyer decision process, also known as the consumer decision process, aids in understanding how customers proceed from learning about a product to making a purchasing decision. Sales and marketing must comprehend the purchasing process of the customer.Consumer decisions can be divided into three main categories: nominal, limited, and extended. Each of these categories has a range of buy involvement levels, from high to low.To learn more about buying decision, refer
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Most retail experts agree that _____ will not be one of the four new retail formats to be successful in the near future. liquidators recyclers off-pricers supercenters rental operations
Most retail experts agree that off-pricers will not be one of the four new retail formats to be successful in the near future.
Retailers who offer premium products at discount prices are known as off-price retailers. They typically market used stuff, off-season merchandise, etc. These stores provide a sporadic selection of cheap soft goods from well-known brands and fashion-forward manufacturers. They purchase end-of-season closeout merchandise, end-of-season manufacturer irregulars, seconds, closeouts, cancelled orders, overruns, and overruns. A trading structure based on discount pricing is called off-price. Independent from the manufacturers, off-price sellers purchase significant quantities of branded products directly from them. The off-price retail business depends on the acquisition of over-produced, or excess, branded items at a lower cost in order to sell to customers at a cheaper price than other stores that bought an initial run. TJX Companies is one of the major such stores.
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which of the following are indirect costs for the finishing department of a furniture manufacturer? (check all that apply.)
The indirect costs of the finishing department of a furniture manufacturer are as follows:
Plant manager's salary
Rent on the manufacturing facility
Electricity cost for the plant
What are indirect costs?
Indirect costs of the finishing department of a furniture manufacturer are those costs which cannot be traced to the furniture manufactured because the costs are not directly to the finished output.
The plant manager's salary is an indirect cost because the manager only supervises the work, his efforts are traceable to the furniture, unlike the furniture makers, so also the rent on the manufacturing facility and electricity costs since they only aid the manufacturing process not that they make it happen in actual terms.
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Full question:
Which of the following are indirect costs for the finishing department of a furniture manufacturing plant? (Check all that apply.)Plant manager's salary Electricity cost for the plant Finishing department manager's salary
when a computer manufacturer makes 250 personal computers on monday and 100 on tuesday, it is experiencing in supply, which is a type of system inhibitor.
Variance is a type of system inhibitor when a computer manufacturer makes 250 personal computers on monday and 100 on tuesday, it is experiencing in supply
What is meant by Variance in supply ?
The difference between an expected value and the actual value is referred to as variation. A cost overrun would provide a negative variance; for instance, a cost variance would be computed by deducting the actual cost from the anticipated cost. If the physical stock differs from the ledger stock during a stock count in inventory control, this is a variance, and the result of the stock check will be a variance report showing the scope and direction of the stock check discrepancy.
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which of the following describe the changes in and effects of late-nineteenth-century corporate organization?
Late-Nineteenth-Century Corporate Organization:-"vertical integration" --taking over different business on which a company relied-consolidation resulted in 1 percent of the corporations controlling 33 percent manufacturing-Heirarchy of control, cost-accounting, and the "middle manager"
What is vertical integration?
Vertical integration is a situation in which a firm's supply chain is integrated and owned by that company. It is a concept that is used in microeconomics, management, and international political economy. Typically, each link in the supply chain creates a unique good or service, which when combined, meets a demand.
Therefore,
Which of the following describe the changes in and effects of late-nineteenth-century corporate organization?
Late-Nineteenth-Century Corporate Organization:-"vertical integration" --taking over different business on which a company relied-consolidation resulted in 1 percent of the corporations controlling 33 percent manufacturing-Heirarchy of control, cost-accounting, and the "middle manager"
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mark's consulting services experienced the following transactions for year 1, its first year of operations, and year 2. assume that all transactions involve the receipt or payment of cash. transactions for year 1 acquired $50,000 by issuing common stock. received $135,000 for providing services to customers. borrowed $23,000 cash from creditors. paid expenses amounting to $60,000. purchased land for $30,000 cash. transactions for year 2 beginning account balances for year 2 are: cash $ 118,000 land 30,000 notes payable 23,000 common stock 50,000 retained earnings 75,000 acquired an additional $28,000 from the issue of common stock. received $130,000 for providing services in year 2. paid $18,000 to reduce notes payable. paid expenses amounting to $67,000. paid a $11,000 dividend to the stockholders. determined that the market value of the land is $40,000.
The market value of the land is $40,000 Require balance after Event 2 is
Year 1 = 130,000
Year 2= 261,000
What is meant by retained earnings?
Retained earnings are the quantity of income a agency has left over after paying all its direct costs, oblique costs, profits taxes and its dividends to shareholders. This represents the part of the business enterprise's fairness that may be used, for instance, to put money into new equipment, R&D, and marketing.
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an operations manager is performing a factor-rating analysis to help her choose an outsourcing provider. she is focusing on three factors: a, b, and c, with weights of 0.50, 0.20, and 0.30, respectively. she has scored one potential outsourcing provider, linko services, on each of the factors using a scale of 10-50. linko services received a score of 30 for factor a, 46 for factor b, and 22 for factor c. what is the factor-rating score for linko services
An operations manager performing a factor-rating analysis to help her choose an outsourcing provider is 30.8. The factor-rating score for Linko services is 30.8. This Factor rating analysis offers a way for steam to compare projects on multiple dimensions, which are weighted to reflect their relative importance.
In most businesses, operations managers oversee the big picture of their organization. They are responsible for managing processes, purchasing, accounting, human resources, inventory, and IT. There are different levels to an operations manager's career path.
The operations management career outlook is positive and can be an excellent profession for those who are highly organized and enjoy the planning and scheduling of activities related to the creation and on-time delivery of quality products at an acceptable cost.
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Irving fisher argued that deflation is most likely to:____.
a. increase aggregate supply.
b. expand the economy because the prices of goods fall.
c. decrease aggregate demand.
d. increase aggregate demand.
Irving fisher argued that deflation is the maximum probably to A decrease in aggregate supply.
Deflation is whilst client and asset fees decrease over time and buying energy increases. essentially, you can buy extra items or services tomorrow with the equal sum of money you have got these days. Economists worry about deflation due to the fact falling prices result in decreased client spending, which is a primary factor of monetary increase. groups respond to falling charges by way of slowing down their production, which leads to layoffs and income reductions. This in addition lowers call for and expenses.
In economics, deflation is lower than the well-known charge level of products and offerings. Deflation happens whilst the inflation charge falls below 0%. Inflation reduces the value of foreign money through the years, however surprising deflation will increase it. deflation advantages clients due to the fact they can buy extra items and services with the same nominal earnings through the years. however, no longer every person wins from lower prices, and economists are regularly concerned approximately the outcomes of falling fees on diverse sectors of the economy, especially in financial topics.
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a retailer owns a large online business selling antiques. they want to create a display campaign. what are two of the three inputs they must supply to create a display campaign? choose two.
The two inputs they must supply to create a display campaign are the budget amount and creative assets.
What is a display campaign?A display campaign is a marketing approach used by marketers to get the word about their products or services to the general services through the use of banners, and other visual ads on ground locations, internet websites/apps, or on social media. To achieve the display campaign objective, inputs such as the budget amount and creative assets to be displayed must be supplied.
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The missing options are:
a) bids
b) budget amount
c) creative assets.
The project _______ usually provides the early guidance, direction and funding for the project.
The project sponsor usually supplies early guidance, direction, and funding for the project.
Who is the project sponsor?The people who support projects are known as project sponsors, and they are often senior management personnel with significant levels of influence and power. The terms "project sponsor" and "project director" are frequently used interchangeably. Other terms for project sponsors include "account manager" or "business unit manager."Project staff members, like project sponsors, have specific titles and duties and work within a bureaucratic system. Without a bureaucratic structure to coordinate action and approve adjustments, projects would quickly get out of hand. Through tracking actions and dispersing knowledge, a bureaucracy establishes order and provides efficiency.The project sponsor usually supplies early guidance, direction, and funding for the project.
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Which term refers to the percentage of visitors or potential customers who click, buy, or donate to a site?
Conversion rate refers to the percentage of visitors or potential customers who click, buy, or donate to a site.
What is the conversion rate?Out of all the traffic or interactions, the conversion rate is the proportion of people that take an action that results in your business's acquisition goals being met. You can immediately determine if a specific client touchpoint is operating well thanks to measurement.
Many crucial times in a customer's experience are measured by conversion rates. Let's examine each stage where the conversion rate is concerned with acquiring a new client, for instance:
seeing a commercial and selecting itWhen arriving at a page, entering their email addressswitching from sending emails to launching a trialMaking the switch from a free trial to a paid subscriptionTo know more about conversion rate visit:- https://brainly.com/question/10051391
how does having knowledge of marketing and its many applications help an individual? (select all that apply)
Option (B). It can make the individual a better consumer; Option (C). It can help the individual be a more informed citizen and Option (D). It can help the individual in career planning are the correct options.
When an individual has knowledge of marketing and its applications an individual can make the individual a better consumer, can help the individual be a more informed citizen, It can help the individual in career planning.
What are the benefits of having marketing knowledge?The essence of what makes us human is marketing. Marketing is more than just pushing chewing gum, automobiles, cell phones, and vacation packages. Every aspect of life entails trying to sell something to someone. In the market for mating, we advertise ourselves. The labor market is where we advertise ourselves. Through our personal websites and social media platforms, we promote ourselves online. We promote ourselves to potential new buddies. We pitch our concepts to academic reviewers, investment capitalists, colleagues, and book publishers. We are born marketers since we belong to a gregarious species with vast brains. Marketing is the foundation of capitalism, the economic system that has lifted countless people out of utter poverty and misery. Everything that characterizes your day-to-day life bears the inescapable imprint of marketing.
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The complete question is: "How does having knowledge of marketing and its many applications help an individual? (Select all that apply)
A. It can help the individual understand world events.
B. It can make the individual a better consumer.
C. It can help the individual be a more informed citizen.
D. It can help the individual in career planning."
Gizmo+industries+stock+is+currently+selling+for+$80.+it+just+paid+its+annual+dividend+of+$1,+which+have+consistently+grown+at+a+rate+of+3.1%.+what+is+the+expected+return+of+this+stock?
4.38875% is the expected return of this stock.
Expected return=(D1/Current price)+Growth rate
=(1×1.031)/80+0.031
Which is equal to 4.38875%.
In finance, inventory includes the stocks of which ownership of a organization or organization is split. A unmarried share of the stock method fractional possession of the corporation in percentage to the entire variety of stocks.
A stock is a shape of safety that indicates the holder has proportionate ownership within the issuing company and is sold predominantly on stock exchanges. groups issue inventory to elevate finances to function their organizations. There are most important styles of inventory: commonplace and preferred.
Stocks are funding which means you very own a proportion in the organization that issued the stock. surely positioned, shares are a manner to build wealth. This is how everyday people invest in some of the most successful agencies inside the international.
Disclaimer:- your question is in wrong format, please see below for correct format.
Q. Gizmo industries stock is currently selling for $80. it just paid+its+annual+dividend+of+$1, which have consistently grown at a rate of 3.1%. what is the expected return of this stock?
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Maslow and mcgregor focused on the study of ______ as it relates to increasing worker productivity.
Maslow and McGregor focused on the study of Human relations as it relates to increasing worker productivity.
Who were Maslow and McGregor?The dual theoretical approaches X and Y were created in the 1960s by Massachusetts University professor Douglas McGregor in conjunction with American scientist Abraham Maslow. Maslow's hierarchy hypothesis focuses on meeting people's basic requirements, social needs, emotional well-being, self-esteem, and aspirations for self-actualization, while McGregor's theory emphasizes management styles such as participative or authoritative. In business management, both incentive theories are relevant. Maslow's hierarchy concept concentrates on meeting people's basic requirements, external esteem, psychological needs, identity, and aspirations for self-actualization, while McGregor's theory emphasizes management styles such as participative or authoritative. In business management, both incentive theories are relevant.
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macroeconomics is best described as the study of group of answer choices very large issues. the choices made by individual households, firms, and governments. the nation's economy as a whole. the relationship between inflation and wage inequality.
The study of decisions made by individuals in the face of scarcity is how macroeconomics is best defined.
The field of economics known as macroeconomics examines the functioning, makeup, behavior, and decision-making of an economy as a whole. Macro- is a Greek word meaning "big" and economics. As an illustration, controlling an economy's expansion and stability through interest rates, taxes, and expenditures by the government Economies at the local, state, and international levels are included. Researchers Emi Nakamura and Jón Steinsson concluded in 2018 that the economic "data addressing the consequences of different macroeconomic strategies is still highly imperfect and vulnerable to substantial critique."
The Gross Domestic Product (GDP), unemployment (including unemployment rates), national income, price indices, output, consumption, inflation, saving, investment, energy, international commerce, and international finance are some of the subjects that macroeconomists research.
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According to the law of demand, during a given period of time, the quantity of a good demanded.
Answer:
The Law of demand expresses the relationship between price and quantity demanded of a given commodity. It states that “ the quantity demanded increases with a fall in price and diminishes with rising in price, other things being equal.” This happens because of the law of diminishing marginal utility.
Explanation:
you own a building that is expected to pay annual cash flows forever. if the building is worth $2100000, the cost of capital is 6.0%, and annual cash flows are expected with the first one due in one year and all subsequent ones growing annually by 2.1%, then what is the amount of the cash flow produced by the building in 3 years expected to be?(round the value to 0th decimal to get a whole number)
The anticipated cash flow in three years will be $ 2,416.69.
It is anticipated that an investment will always provide yearly cash flows. The first yearly cash flow is anticipated within a year, and all ensuing annual cash flows are anticipated to increase steadily over time.
We are aware that the anticipated cash flow in 2 year(s) from now is anticipated to be 1,860 dollars and the anticipated cash flow in 8 year(s) from now is anticipated to be 3,140 dollars.Calculation
Let's refer to the anticipated cash flow at year's end as I as Ci.
Let's further suppose that the two subsequent cash flows' yearly growth rate is g.
C2 = C1 x (1 + g) = $1,860 as a result .......(Equation 1)Additionally,
C8 = C1 x (1 + g)7 = $3,140 —————— Equation (2)We must determine that C5 = C1 x (1 + g)4.
Equation (1) plus equation (2) multiplied results in
C1 x (g plus 1) x C1 x (g plus 1)7 = C12 x (1 + g)8 = [C1 x (1 + g)4]2 = C52 = 1,860 by 3,140, which equals 5,840,400, therefore C5Therefore, The anticipated cash flow in five years will be $ 2,416.69.
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bryce is tired of waiting for his subcontractor to get his part of the deal done. the agreed-upon deadlines have come and gone, and bryce is losing money waiting for the subcontractor to meet his obligations. if the subcontractor is not going to honor his commitments, neither is bryce. he decides to consult with his attorney and then terminate the contract. of what is this an example?
Bryce is tired of waiting for his subcontractor to get his part of the deal done. the agreed-upon deadlines have come and gone, and Bryce is losing money waiting for the subcontractor to meet his obligations. if the subcontractor is not going to honor his commitments, neither is Bryce. he decides to consult with his attorney and then terminate the contract the example rescinding the contract unilaterally.
Sales contract events stay liable for the truthfulness of representations and warranties after the last. A cash offer is generally extra appealing than finance provide as the seller does not want to fear approximately whether or not the financial institution will approve your mortgage says Sam Heskel, president of Nadlan Valuation an appraisal control organization in Brooklyn.
Impossibility of performance applies whilst the debtor does now not have sufficient budget to pay a debt. A circumstance precedent should occur before a party to a settlement has a responsibility to carry out. In maximum bilateral contracts, the performances of the parties are concurrent situations.
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Cushman company had $844,000 in sales, sales discounts of $12,660, sales returns and allowances of $18,990, cost of goods sold of $400,900, and $290,335 in operating expenses. net income equals?
The net income of Cushman company is $121,115.
What is Net Income?Sales are calculated as sales less the cost of goods sold, selling, general and administrative costs, operating costs, depreciation, interest, taxes, and other costs. Net income (NI), also known as net earnings, is the difference between these two figures.
Investors might use this figure to gauge the extent to which an organization's revenue outpaces its costs. This figure can be found on an organization's income statement and serves as a gauge of profitability. Start by determining the overall revenue of the company before calculating its net income.
The business's earnings before taxes are determined by deducting operational and spending costs from this amount. To calculate the NI, deduct tax from this amount.
Net Income = $844,000 - $12,660 - $18,990 - $400,900 - $290,335 = $121,115
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individuals x, y, and z are trying to decide between options a, b, and c. what can we say if we know that all three individuals are rational utility maximizers?
If we know that all three individuals are rational utility maximizers, we can say:
a. The preferences of each individual will be transitive.
b. It is possible for the preferences of the group to cycle.
c. If the group is voting on these alternatives in pairs, one or more of these individuals may have an incentive to vote differently from his or her preferences.
Option D is correct
This is further explained below.
What are individuals?Generally, a single individual person, as contrast to a collection of people.
In conclusion, The correct Option is Option D " All of the above."
a. The preferences of each individual will be transitive.
b. It is possible for the preferences of the group to cycle.
c. If the group is voting on these alternatives in pairs, one or more of these individuals may have an incentive to vote differently from his or her preferences.
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complete question
Individuals X, Y, and Z are trying to decide between options A, B, and C. What can we say if we know that all three individuals are rational utility maximizers?
a. The preferences of each individual will be transitive.
b. It is possible for the preferences of the group to cycle.
c. If the group is voting on these alternatives in pairs, one or more of these individuals may have an incentive to vote differently from his or her preferences.
d. All of the above.
where qs is the quantity supplied of the good, p is the price of the good, pi is the price of an input, and f is the number of firms producing the good. if pi
340 units is the largest amount of Goods that will be supplied.
Quantity provided in economics refers to the volume of products or services that providers will make and offer for sale at a specific market price. Since price variations affect how much supply producers actually put on the market, the quantity supplied differs from the amount of supply that is really available (i.e., the total supply).What do supply and amount supply mean?The foundational idea in economics is supply. It alludes to the numerous sizes that the company is prepared to provide for sale at varied potential costs. However, quantity provided refers to the entire amount of a good that providers will sell at a given market price.To Learn more about Quantity Supplied, Click the links.
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Correct Question - Qs = 40 + 6P - 8PI + 10F
where Qs is the quantity supplied of the good, P is the price of the good, PI is the price of an input, and F is the number of firms producing the good. Now suppose PI = $40 and F = 50, what is the largest amount of the good that firms will supply when the price of the good is $20?
Consider an economy characterized by the production function where the productivity parameter is equal to 1.2. how many units of output can be produced with 25 units of capital and 64 workers?
The production function is a mathematical equation determining the relationship between the elements and quantity of entries for production and the variety of goods it produces most successfully. It solutions the queries related to marginal productiveness, level of manufacturing, and cheapest mode of manufacturing of products.
The production function is expressed in the formula: Q = f(ok, L, P, H), wherein the amount produced is a characteristic of the blended enter quantities of everything. Of path, not all companies require the same elements of production or range of inputs.
One quite simple instance of a Production function is probably Q=ok+L, wherein Q is the quantity of output, okay is the quantity of capital, and L is the number of exertions utilized in production. This manufacturing feature says that a firm can produce one unit of output for every unit of capital or exertions it employs.
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What's+the+present+value+of+$1,650+discounted+back+5+years+if+the+appropriate+interest+rate+is+6%,+compounded+monthly?
The Present value is $ 1223.26.
Future value = $1650
n = 5 years
Interest = 6%
Calculation of present value:
Rate = 6.1678 %
Present value = future value / [tex](1+rate)^{n}[/tex]
= $ 1223.26.
Present value is a technique of accounting based on the value of replacing assets on the fees that would be paid now, instead of on the charges they had been at first sold for modern cost accounting can yield consequences which can be materially extraordinary from traditional accounting based totally on ancient fees.
The fair price of the stock is a subjective term calculated using the contemporary monetary statements, marketplace function, and feasible growth cost from a fixed of metrics. In comparison, the market fee is the cutting-edge percentage price at which the inventory or asset is traded.
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A continuous process of measuring a company's own products, services, or activities against competitors'; performance is called?
Benchmarking
Benchmarking is defined as measuring the company's product with the best product in the industry to know the internal opportunities for improvement.
Benchmarking sets standard for comparison of the product.
It helps in becoming the more competitive by improving the product to best.
It depends upon the company whether to implement changes in the product or not after knowing the shortcomings compared with the best product.
Monitoring performance is the characteristic of the benchmarking. it is a continuous process.
It aims to improve a certain element of a business.
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if the price elasticity of supply is 0.2, and a price increase led to a 3% increase in quantity supplied, then the price increase is about
A 15% price rise has occurred.
What does supply price elasticity mean?The price elasticity of supply measures how responsive a good or service is to supply after a change in market price. According to fundamental economic theory, a good's supply will increase as its price rises. On the other side, when a good's price increases, its supply will decrease.
Supply elasticity gauges a company's or an industry's receptivity to changes in consumer demand for its products. The availability of necessary resources, technical innovation, and the number of competitors providing a comparable commodity or service are some of the factors.
What does a value of 0.2 for pricing elasticity mean?Price Elasticity of Demand is the most prevalent type of elasticity. This gauges how quickly demand reacts to price changes. The PED is equal to -0.2 if the price of tomatoes rises by 20% and the quantity decreases by 4%.
If the market price is $3, what is the supply's price elasticity?absolutely elastic
In conclusion, if you set the price at $3, your supply curve would be fully elastic, and any change in price would cause the quantity supplied to move to infinity or zero, depending on whether the price increased or dropped. A similar extreme scenario is demand that is fully elastic.
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Assume an initial equilibrium at d1 and s1 with a price of $1.20 million per machine. if the government places a $100,000 excise tax on each new scanner sold, the new equilibrium price will be:_______
Assume an initial equilibrium at d1 and s1 with a price of $1.20 million per machine. if the government places a $100,000 excise tax on each new scanner sold, the new equilibrium price will be less than $1.30 million.
Economic equilibrium is a condition or state in which monetary forces are balanced. In impact, economic variables stay unchanged from their equilibrium values in the absence of external impacts. The regulation of demand, tells us the slope of the demand curve the regulation of delivery offers us the slope of the supply curve, and the shift variables for demand
The equilibrium fee is the handiest price wherein the plans of customers and the plans of producers agree that is, where the quantity clients want to shop for of the product, the amount demanded is equal to the amount manufacturers need to sell the quantity provided. This commonplace amount is referred to as the equilibrium amount.
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A customer has a restricted margin account with $2,500 of sma. the customer wishes to buy $10,000 of a marginable listed stock. the customer must deposit? a $0 b $2,500 c $5,000 d $7,500
$0 is the amount that a customer must deposit. As a customer has a restricted margin account with $2,500 of SMA. The customer wishes to buy $10,000 of a marginable listed stock. Hence, option A is correct.
What is margin account?A margin account allows the broker to lend the customer money, so they can purchase stocks or other financial products. For the loan in the account, which has a recurring interest rate, the cash and the assets purchased serve as collateral.
A particular type of brokerage account known as a "margin account" is one in which the broker-dealer lends the investor money to purchase securities while using the account as security.
Thus, option A is correct.
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market is a group of individuals and/or organizations that have a desire or need for products in a product class and have the ability, willingness, and authority to purchase those products. there are two types of markets. cynthia's organization targets the
business market.
The question discusses more about:
What is business market?
The business market is made up of people or organizations who buy a particular sort of goods for resale, direct use in the production of other products, or usage in regular daily activities.
Therefore,
market is a group of individuals and/or organizations that have a desire or need for products in a product class and have the ability, willingness, and authority to purchase those products. there are two types of markets. cynthia's organization targets the business market.
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enhancing qualitative characteristics of accounting information include each of the following except:multiple choice
The correct Option is All of the above, except comparability, are beneficial characteristics of accounting information.
What are qualitative characteristics?
The qualities that make financial data useful to users are known as qualitative characteristics. Qualitative qualities can be divided into Fundamental and Enhancing quality dimensions for analytical reasons. Comparability, verifiability, timeliness, and understandability are the four qualitative traits that can be improved. For users to make and evaluate economic decisions, the information must, according to the feature of relevance, be both confirmatory and predictive. Qualitative traits are the features that satisfy the decision utility of financial information, according to the framework. Relevance, reporting quality, comparability, understandability, verifiability, and timeliness were the attributes mentioned by the framework.
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If a university passed a rule stating that university students must live in university dormitories, what effect would this have on the price elasticity of demand for dorm space? how might this rule affect room rates?.
If a university passed a rule stating that university students must live in university dormitories, the price elasticity of demand would be more inelastic, and room rates would increase. The correct answer is option(d).
A good's quantity sought is calculated using its price elasticity of demand. Almost all items see a decline in demand when prices rise, but certain goods are more affected than others.
Price elastic demand is the term used to describe the relationship between the percentage change in a product's quantity sought and the percentage change in price. The demand's elasticity at any particular time is dependent on a number of variables.
To implement a successful pricing strategy and determine the weight of price in consumers' purchasing decisions, it is necessary to understand how sensitive consumers are to price changes. This is made possible by measuring the price elasticity of demand. The following elements have a tendency to increase demand's inelasticity:
● The elasticity of demand is lower when they are unavailable or when there are few substitutes.
● Demand for items that consumers view as essentials is less elastic (for example, insulin).
● Demand is more elastic in the short term.
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