Demand is said to be inelastic when: A reduction in price results in a decrease in total revenue. The correct option is C.
What is demand elasticity?The sensitivity of the demand for a product or service to changes in its price is known as demand elasticity. The elasticity of demand, as the name implies, measures how sensitive consumers are to changes in a product's price.
When the percentage change in quantity demanded exceeds the percentage change in price, the demand is considered elastic, whereas if the percentage change in quantity demanded is less than the percentage change in price, the demand is considered inelastic.
The demand is said to be inelastic when a decrease in price results in a decrease in total revenue because a decrease in price would result in a decrease in the product's value in the minds of customers, making them believe that the product is of poor quality.
As a result, consumers would refrain from purchasing the product, which would lead to a decrease in total revenue. To put it another way, when there is a decrease in price, there is only a small increase in the number of products sold, resulting in a small decrease in total revenue.
Inelastic demand is frequently found for products that are seen as essential and have no viable substitutes. These goods are frequently considered necessities by consumers and are less price sensitive.
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Complete question
Demand is said to be inelastic when:
a) An increase in price results in a reduction in total revenue
b) A reduction in price results in an increase in total revenue
c) A reduction in price results in a decrease in total revenue
d) The elasticity coefficient exceeds one
how is it possible to produce an electric car , which is still very expensive to produce for under $25k?
Electric vehicles, which are still very expensive to produce, can be made for under $25k by following the strategies mentioned below : Create a simple yet effective design that has fewer components and systems, is lightweight, and makes extensive use of composites to reduce manufacturing and assembly costs.
Utilize a cost-effective supply chain by establishing strategic alliances with local and international suppliers and by sourcing raw materials from low-cost regions.
Make use of current production infrastructure and equipment in manufacturing electric cars instead of investing in expensive new equipment.
Achieve economies of scale by producing large quantities of electric vehicles, which will enable manufacturers to lower per-unit costs of production.
Encourage EV adoption by reducing costs through federal and state tax incentives, as well as through local utility rebates, that can reduce the purchase price of an electric car by $10,000 or more for buyers.
Encourage research and development by offering grants to electric car manufacturers to develop new technologies that would reduce the cost of manufacturing electric vehicles.
This will allow manufacturers to reduce the cost of batteries, electric motors, and other EV components while increasing their efficiency and performance.
To sum up, cost is the most critical factor in determining the success of electric cars. To reduce the cost of manufacturing electric vehicles, automakers need to focus on design, supply chain management, production infrastructure, economies of scale, incentives, and research and development.
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financial analysts forecast veevet corp's growth for the future to be 6 percent. their last dividend was $0.72. what is the value of their stock when the required rate of return is 10.50%?
Given that the financial analysts forecast Veevet Corp's growth for the future to be 6 percent and their last dividend was $0.72. The value of their stock when the required rate of return is 10.50% is $18.00.
Formula to calculate the intrinsic value of stock is: P0= D1 / (k-g)
where,D1 = Dividend at the end of the first yearP0 = Value of stock = Required rate of return g = Growth rate of dividends.
As per the given information, Dividend at the end of the first year, D1 = $0.72Growth rate of dividends, g = 6% = 0.06Required rate of return, k = 10.50% = 0.1050P0= D1 / (k-g) = $0.72 / (0.1050 - 0.06) = $18.00
Thus, the value of their stock when the required rate of return is 10.50% is $18.00.
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The accounting break-even level of sales represents the point where:fixed costs are covered
a. variable costs are covered b. fixed costs and variable costs are covered c. sales are equal to the sum of fixed costs, d. variable costs and depreciation
The accounting break-even level of sales represents the point where fixed costs and variable costs are covered (option c). This is the point at which a company's total revenue equals its total expenses, resulting in zero net income.
To find the accounting break-even level, follow these steps:
Identify the fixed costs: These are costs that remain constant regardless of the level of sales, such as rent, salaries, and insurance.
Identify the variable costs: These are costs that change based on the level of sales, such as the cost of raw materials and production labor.
Calculate the contribution margin: This is the difference between the selling price per unit and the variable cost per unit. It represents the amount that each unit sold contributes to covering fixed costs.
Determine the break-even point: Divide the fixed costs by the contribution margin. This will give you the number of units that need to be sold to cover both fixed and variable costs.
At the accounting break-even level, the company is not making a profit, but it is not losing money either. Sales are equal to the sum of fixed costs, variable costs, and depreciation, meaning the company is able to cover all its expenses. Increasing sales beyond this point will result in a profit, while decreasing sales will result in a loss.
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what is the current trend in measuring the effectiveness of corporate ethics and compliance programs?
The current trend in measuring the effectiveness of corporate ethics and compliance programs is through the use of data analytics.
Data analytics involves the use of software and other tools to analyze large amounts of data to identify patterns, trends, and other insights that can be used to improve corporate ethics and compliance programs.
This can help identify areas of non-compliance and unethical behavior and can provide insights into the effectiveness of training programs and other initiatives aimed at improving corporate ethics and compliance.
Data analytics can also be used to identify areas where additional resources may be needed to improve the effectiveness of ethics and compliance programs.
It is an important tool for measuring the effectiveness of corporate ethics and compliance programs and is likely to become increasingly important as companies seek to improve their ethical performance in response to increasing stakeholder demands for transparency and accountability.
Therefore, the current trend in measuring the effectiveness of corporate ethics and compliance programs is through the use of data analytics.
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which of the following is most likely to result in government failure? a. highly competitive markets. b. monopoly. c. a constitutional reform mandating that the federal government maintain a balanced budget. d. widespread government actions that favor some business firms and sectors of the economy relative to others.
Among the given options, the one that is most likely to result in government failure is Option D "widespread government actions that favor some business firms and sectors of the economy relative to others."A government failure occurs when a government intervenes with an economy in a manner that worsens its efficiency or results in an undesirable outcome.
The policy can either fail to achieve its objectives, or it can cause a new problem. In this case, widespread government actions that favor some business firms and sectors of the economy relative to others would result in government failure. Government failure happens when the government intervenes in a market or economy in a manner that results in worsening efficiency or undesirable outcomes.
The policy can either fail to accomplish its goals or generate a new problem. The economic reasons for government failure include negative externalities, information asymmetry, and public goods. Based on the aforementioned explanations, we can conclude that the option "widespread government actions that favor some business firms and sectors of the economy relative to others" is most likely to result in government failure.
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Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, identify the internal control principle the company followed.
1)The recordkeeper is not permitted to pay the company's suppliers.
-Separate recordkeeping from custody of assets
2)Personal ID cards are used to limit access to only authorized employees.
-Apply technological controls
3)Employees requesting purchases of inventory cannot approve payment for that inventory.
-Divide responsibility for related transactions
4)Each cashier is designated a specific cash drawer and is solely responsible for cash in that drawer.
-Establish responsibilities
5)Purchased an insurance (bonding) policy against losses from theft by a cashier.
-Insure assets and bond key employees
6)External auditors are regularly hired to evaluate internal controls.
-Perform regular and independent reviews
Whole Fruits Market implemented internal control principles by: 1) Separating recordkeeping from custody of assets, 2) Applying technological controls, 3) Dividing responsibility for related transactions, 4) Establishing responsibilities, 5) Insuring assets and bonding key employees, and 6) Performing regular and independent reviews.
1) By not permitting the recordkeeper to pay suppliers, the company separates the recordkeeping function from the custody of assets, preventing fraud and errors.
2) Personal ID cards ensure that only authorized employees have access to specific areas, applying technological controls to enhance security.
3) By dividing responsibility, employees requesting inventory purchases cannot approve payment, avoiding potential conflicts of interest.
4) Designating specific cash drawers to cashiers establishes clear responsibilities, promoting accountability for each cashier's actions.
5) Purchasing an insurance policy against theft losses helps protect the company's assets and ensures key employees are bonded.
6) Hiring external auditors for regular evaluations ensures an unbiased review of internal controls, maintaining their effectiveness and integrity.
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when managers do not have sufficient information about environmental factors to understand and predict environmental needs and changes, this is known as .
When managers do not have sufficient information about environmental factors to understand and predict environmental needs and changes, this is known as environmental uncertainty.
Environmental uncertainty is the extent to which managers lack information about or are unable to predict the environmental factors that may affect their organization's operations and performance. It can arise from various factors, including changes in market demand, technological advancements, and government regulations, among others.
When managers face high levels of environmental uncertainty, they may find it challenging to make effective decisions about resource allocation, product development, and strategic planning, among other areas. Therefore, organizations must develop strategies to manage environmental uncertainty, such as gathering more information about the environment, building flexibility into their operations, and maintaining close relationships with key stakeholders.
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when a taxpayers sells an asset, what is the difference vetween realized and recognized gain or loass on the sale
The amount realized minus the adjusted basis of the sold asset represents the gain or loss that has been realized.
Realized profits and recognized gains are two terms used to describe the amount of money you made from the transaction. When investments are sold for more than they were initially bought for, they are said to have "realized" a capital gain, and you must then pay taxes on the profit.
There is a gain or loss that is realized with every sale or dispose. The majority of realized profits or losses are recognized and reported on the taxpayer's tax return, increasing the taxpayer's taxable income and ensuing tax. Yet, certain realized profits or losses are either omitted from income or postponed until a later date.
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connor owns a pottery and craft store. pottery division sales are $120,000 with variable costs of $90,000, and craft division sales are $80,000 with variable costs of $52,000. if connor were to calculate the weighted-average contribution margin ratio for the store, what would he find? select answer from the options below the weighted-average contribution margin ratio for the store is 15%. the weighted-average contribution margin ratio for the store is 29%. the weighted-average contribution margin ratio for the store is 19%. the weighted-average contribution margin ratio for the store is 60%.
Conner would discover that the store's weighted-average contribution margin ratio is 15% if he calculated the weighted-average contribution margin ratio for the business.
What is the median contribution margin ratio in the formula?Subtracting the total variable costs from the total sales revenue yields the contribution margin. Contribution Margin is calculated as Total Sales Revenue - Total Variable Expenses.
How is weighted average contribution per unit determined?A weighted average of the share price paid for the shares can be calculated by the investor. To do this, multiply the total number of shares purchased by each price, add those numbers, and then divide the total by the number of shares purchased.
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a problem with taxation of mutual funds is group of answer choices the diversification offered to investors. the possibility to eliminate taxes if held in a roth individual retirement account. professional management. tax deferral if the fund is held in a retirement account like a 401(k) account. being required to report reinvested income dividends and capital gain distributions on your federal tax return as current income.
A problem with taxation of mutual funds being required to report reinvested income dividends and capital gain distributions on your federal tax return as current income. Option d)
Being required to report reinvested income dividends and capital gain distributions on your federal tax return as current income is a problem with taxation of mutual funds.
This means that investors may have to pay taxes on gains even if they did not sell any shares. This can result in unexpected tax bills for investors, which can reduce their returns and create a burden on their finances.
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Full Question: A problem with taxation of mutual funds is:
a. tax deferral if the fund is held in a retirement account like a 401(k) account.
b. the diversification offered to investors.
c. professional management.
d. being required to report reinvested income dividends and capital gain distributions on your federal tax return as current income.
e. the possibility to eliminate taxes if held in a Roth individual retirement account.
debbie closely monitors the dialogue with her customers, watching for buying signals, and the right time to close the sale. debbie is engaged in
By closely monitoring the dialogue with her customers, watching for buying signals, and the right time to close the sale, Debbie is engaged in market segmentation. Market segmentation is the process of dividing a market into smaller groups with similar characteristics.
Debbie is identifying the different segments of her customer base, so she can tailor her products and services to the needs of each segment. Buying signals refer to a customer's action, behavior, or verbal cues that suggest they are ready to make a purchase or move forward in the buying process. A salesperson or seller must pay close attention to the customer's body language, the type of questions they ask, and their overall behavior to identify these buying signals. Once the seller has detected these signals, they can close the sale by offering the product or service to the buyer.
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a machine with a cost of $146,000 accumulated depreciation of 93,000 and current year depreciation expense of $21,000 is sold for 46,000 cash the amount that should be reported as a source of cash under cash flows from investing activities is
The amount that should be reported as a source of cash under cash flows from investing activities is $99,000.
When a machine with a cost of $146,000, accumulated depreciation of $93,000, and current year depreciation expense of $21,000 is sold for $46,000 cash, the amount that should be reported as a source of cash under cash flows from investing activities is the difference between the cash received from the sale of the machine and the net book value of the machine.
To calculate the net book value of the machine, we first need to subtract the accumulated depreciation from the cost of the machine. So, the net book value of the machine is $146,000 - $93,000 = $53,000.Next, we subtract the net book value of the machine from the cash received from the sale of the machine to find the amount that should be reported as a source of cash under cash flows from investing activities. So, $46,000 - $53,000 = -$7,000. Since the result is negative, it indicates that the sale of the machine generated a cash outflow rather than a cash inflow.
However, since we are asked to report the amount as a source of cash, we take the absolute value of the result to get $7,000.Finally, we add the current year depreciation expense of $21,000 to this result to get the final answer: $7,000 + $21,000 = $28,000. But we need to remember that this amount is negative since it represents a cash outflow. Therefore, the final answer is $99,000 (positive value of $28,000).
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Which of the following best describes the relationship illustrated between the aggregate demand (AD) curve? 1. the inverse relationship between price and quantity demanded for any product. 2. the negative relationship between the price level and levels of total production. 3. it shows no relationship between the price level and real GDP demanded. 4. the inverse relationship between the price level and real output demanded.
Best describes the relationship illustrated is: (4) The inverse relationship between the price level and real output demanded.
What is an Aggregate Demand Curve?An aggregate demand (AD) curve is a visual representation of the aggregate demand of all the goods and services produced in an economy. The x-axis represents the price level, and the y-axis represents the amount of GDP or output that is demanded.
An aggregate demand curve is a graph that illustrates the inverse relationship between the price level and real output demanded. The graph is downward sloping and slopes from left to right because as the price level increases, the real output demanded decreases. This is because at higher prices, people have less disposable income, so they are less likely to buy as much stuff.What is the relationship illustrated between the aggregate demand (AD) curve?The correct option is: The inverse relationship between the price level and real output demanded.
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tom is the manager of happy feet, a corporation that designs and sells children's shoes. as manager, tom gets an insider tip and decides to sell some of his stock in the company, making a ton of money for himself. what is tom's insider trading an example of? question 3 options: an act of fiduciary duty the normal job responsibility of a manager the proper responsibility of a corporate manager a wise business deal improper and illegal corporate governance
Tom's insider trading is an example of improper and illegal corporate governance.
Insider trading refers to the purchasing or selling of securities by an individual who has access to non-public information concerning a company's operations. It is an illegal activity that can lead to severe legal consequences.The SEC (Securities and Exchange Commission) prohibits insider trading to ensure that all investors have equal access to the same information.
People with access to insider information, such as high-level executives, have a responsibility to keep it confidential and refrain from using it to their advantage.Tom is the manager of Happy Feet, a corporation that designs and sells children's shoes.
As a manager, he gets an insider tip and decides to sell some of his stock in the company, making a lot of money for himself. This is a prime example of insider trading. Tom had access to confidential information that he could use to his advantage, which is illegal and improper.
Corporate governance refers to the set of rules, policies, and procedures that govern the way a company is run.The proper responsibility of a corporate manager is to ensure that the company follows these rules and policies, but insider trading is not one of them. Thus, it is the incorrect answer.
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keesha company borrows $130,000 cash on december 1 of the current year by signing a 120-day, 11%, $130,000 note. 1. on what date does this note mature? 2.
The interest payment is due on the maturity date, March 31.
Determine on the maturity dateKeesha Company borrowed $130,000 cash on December 1 of the current year by signing a 120-day, 11%, $130,000 note.
This note will mature on March 31, which is 120 days from the date of the loan. The total amount payable is the principal amount of $130,000 plus interest of 11%, or $14,300, for a total of $144,300.
The interest is calculated by multiplying the principal amount of $130,000 by 11%, or 0.11, for a total of $14,300. The interest payment is due on the maturity date, March 31.
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13. give your own example of a business (or industry) that would likely be affected by the closure of the gm plants. explain your reasoning.
The closure of GM (General Motors) plants is likely to affect various businesses and industries, both directly and indirectly. One industry that is likely to be affected is the auto parts manufacturing industry.
Impact on auto part manufacturing industry -Auto part suppliers who supply their products to General Motors will be directly impacted by the closure of GM plants. These suppliers relied heavily on GM to purchase their products, and with GM decreasing their production, these suppliers will suffer a significant reduction in their revenue. As a result, this could have a ripple effect on the whole auto part manufacturing industry and could lead to closures or bankruptcies of these suppliers.
Impact on other industries -Additionally, the closure of GM plants is likely to affect businesses that support GM, such as logistics and transportation companies. These companies relied on transporting the finished cars and car parts that GM produced, and with the decrease in GM's production, this could severely impact their revenue. The closure of GM plants will also affect the workforce and economy of the areas where these plants are located. Many businesses in these areas rely on the income and spending power of GM employees, and with the closure of these plants, these employees could lose their jobs or move to other areas, resulting in reduced commerce and economic activity.
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What will happen to the size of the expenditure multiplier and the size of the tax multiplier when the marginal propensity to save (MPS) increases?
When the marginal propensity to save (MPS) increases, the size of the expenditure multiplier will decrease while the size of the tax multiplier will increase.
The expenditure multiplier is the measure of the total impact of a particular autonomous expenditure on the aggregate demand of an economy while the tax multiplier is the measure of the total impact of a particular autonomous tax change on the aggregate demand of an economy.
What is Marginal Propensity to Save (MPS)?The marginal propensity to save (MPS) is the measure of the additional amount of disposable income that an individual saves rather than consumes. It is the ratio of the change in savings to the change in disposable income.
Mathematically, it is expressed as: MPS = change in saving / change in disposable incomeThe MPS determines the impact of a particular autonomous expenditure on the aggregate demand of an economy. A higher MPS implies that more income is saved rather than consumed, which decreases the multiplier effect. On the other hand, a lower MPS implies that more income is consumed rather than saved, which increases the multiplier effect.
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how to answer the question if hired, can you present evidence of your u.s. citizenship or proof of your legal right to work in this country?
During an interview, you should respond by stating that you can provide legal proof of your right to work in the United States.
You can also mention the forms of documentation you have with you that demonstrate your eligibility to work in the United States.
This is a standard employment question asked by most employers. Legal right refers to the rights that are derived from the law, and it is also referred to as the natural rights or the basic rights. Legal rights can be divided into three types: primary rights, secondary rights, and remedial rights.
The right to life, the right to freedom of speech, the right to a fair trial, and the right to be free from discrimination are all examples of legal rights. What is the importance of legal right? The importance of legal right is that it protects and regulates the conduct of individuals and institutions.
Legal rights also provide protection against abuses, discrimination, and harmful conduct, as well as providing a framework for resolving disputes. Legal rights give us the freedom to live our lives in a fair and just manner, as well as providing the means to resolve conflicts and maintain order. Legal rights are critical because they allow us to live and function in a society that is safe and secure.
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when treasury stock is purchased for more than its par value, treasury stock is debited for the purchase price under which method? a.cost method b.par value method and cost method c.par value method d.neither cost nor par value method
When treasury stock is purchased for more than its par value, the treasury stock is debited for the purchase price under the cost method. The correct option is a.
What is Treasury Stock?Treasury stock refers to the shares that a company reacquires from its shareholders. Treasury shares do not represent ownership in the company since they do not carry voting rights, and they do not pay dividends.
The cost method is used for the accounting of treasury shares, which is the method used when the shares are purchased at a price above or below par value. Treasury shares are debited at cost and not par value under this method. The difference between the cost of the treasury shares and their par value is known as additional paid-in capital.
The cost method is preferred by most companies for accounting for treasury shares. This is because the par value method does not reflect the economic reality of the transaction. As a result, the cost method is more widely used.
Treasury stock transactions affect a company's balance sheet in several ways. They reduce the total number of shares outstanding, which increases the earnings per share of the company. Additionally, they reduce the amount of shareholders' equity in the company.
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mallory promises to buy illegal digital copies of movies from nick who promises to deliver on october 31 these promises are most likely
Mallory promises to buy illegal digital copies of movies from Nick who promises to deliver on October 31. These promises are most likely to be an example of a contract between the two parties.
A contract is an agreement between two or more parties who are willing to enter into a legally binding obligation. It's an offer made by one party to another, which the second party accepts, resulting in mutual consent.What are illegal digital copies?Illegal digital copies are an unauthorized duplication or reproduction of copyrighted digital material that has been sold to the general public. This can include movies, TV shows, music, books, and other types of copyrighted content.
These unauthorized copies are often produced and distributed by individuals or organizations that do not have the legal right to do so. It is illegal to buy, sell, or distribute copyrighted digital material without the owner's permission.How is the agreement between Mallory and Nick an example of a contract?In this scenario, Mallory and Nick made an agreement in which Mallory would purchase illegal digital copies of movies from Nick on October 31. This is an offer made by Nick, which Mallory accepted.
As a result, the two parties have entered into a legally binding obligation that constitutes a contract. Since illegal digital copies are being exchanged, this contract is also considered to be illegal. Therefore, this agreement is a clear example of a contract between the two parties.
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when consumers are unable to articulate their experiences, [-----] become(s) particularly useful in understanding consumers' preferences.
El enunciado se completa como: ''When consumers are unable to articulate their experiences, observation becomes particularly useful in understanding consumers' preferences.''
What is observation?Observation is a process in which data is collected from the environment, the people, or other entities in order to gain an understanding of a situation or phenomenon. Observation can help in understanding consumers' buying habits, lifestyle, and other related preferences.
What are consumers' experiences?Customers' experiences are the feelings and reactions they have when they interact with a product or service. Consumers' experiences are shaped by their interactions with products, services, and brands. Experiences are unique to each customer, and can be positive or negative.
Customer experiences are important to businesses because they can influence customer satisfaction, loyalty, and other factors that impact the bottom line.
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Rain Limited had machinery with a cost price of R2 500 000 that they acquired on 1 August 2020. 25% of the machinery purchased on 1 August 2020 was disposed of on 30 November 2021. Machinery to the value of R550 000 was purchased on 1 February 2022. These were the only disposals and acquisitions of machinery for the 2021 and 2022 financial years
The carrying value as of 30 November 2021: R2 395 833, 1 February 2022: R2 346 875
Depreciation expense per year = (Cost price - Salvage value) / Useful life
Depreciation expense per year = R250 000
Carrying value as at 30 November 2021 = Cost price - Accumulated depreciation
Carrying value as at 30 November 2021 = R2 500 000 - R104 167
Carrying value as at 30 November 2021 = R2 395 833
Carrying value as at 1 February 2022 = Carrying value as at 1 December 2021 + Cost of new machinery purchased
Carrying value as at 1 February 2022 = R2 346 875
thus, the carrying value of the machinery for the financial years 2021 and 2022 are 30 November 2021: R2 395 833, 1 February 2022: R2 346 875
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private decisions about consumption of common resources and production of public goods usually lead to an
When individuals make private decisions regarding the consumption of common resources and the production of public goods, they typically lead to a market failure.
This is because these types of resources are non-excludable and non-rivalrous, which means that they are accessible to all and their consumption by one individual does not detract from the availability of the resource to others.
As a result, the market price for these resources is either zero or too low to cover the cost of production, which leads to an underproduction of public goods and overuse of common resources. This is known as the tragedy of the commons.
In the case of common resources, individuals who use these resources for their personal benefit do not take into account the effect of their usage on others. Therefore, they will continue to consume these resources until the marginal benefit they receive is equal to the marginal cost.
This results in overuse of the common resource and a depletion of the resource over time. This is because individuals are acting in their own self-interest and do not have an incentive to consider the impact of their actions on others.Public goods are goods or services that are non-excludable and non-rivalrous.
This means that they are accessible to all and their consumption by one individual does not detract from the availability of the resource to others. In the case of public goods, private individuals do not have an incentive to produce these goods because they cannot capture the full value of their production.
This is because the benefits of public goods are spread across the entire population, which makes it difficult to charge individuals for their consumption of these goods. As a result, the market fails to produce an efficient level of public goods, which leads to an underproduction of these goods.
To address the market failure associated with common resources and public goods, governments can intervene by imposing regulations or taxes.
These interventions can help to internalize the external costs associated with the consumption of these resources and provide incentives for individuals to consume these resources in a more socially responsible manner. Governments can also provide subsidies to encourage the production of public goods.
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product differentiation, low costs, and the development of new products or services are key to a company's success at which stage of the product life cycle?
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the product life cycle.
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the Product Life Cycle. During the Growth stage, a company must work to differentiate itself from competitors by creating unique products and services and by focusing on keeping costs low in order to maximize profits. It is also important to continue to innovate and develop new products and services in order to maintain market share and to stay competitive.
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cecil green sells golf hats. he knows that most people will not pay more than $19 for a golf hat. cecil needs a 24% markup on cost. what should cecil pay for his golf hats?
Cecil Green is a golf hat vendor. She is aware that the majority of consumers won't spend more than $19 on a golf hat. Cecil requires a 24% cost markup. Cecil should pay for $15.32 his golf hats
Let's start by setting up the equation to find the cost price of the golf hats:
Cost price + Markup = Selling price
We know that the selling price should not exceed $19, and that Cecil needs a 24% markup on cost. So we can write:
Cost price + 0.24(Cost price) = $19
Simplifying this equation, we get:
1.24(Cost price) = $19
Dividing both sides by 1.24, we get:
Cost price = $15.32
Therefore, Cecil should pay $15.32 for each golf hat in order to achieve a 24% markup on cost and sell them for no more than $19.
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sales dropped 30 percent. what kind of market research should you engage in to find out what factor is behind the sales drop?
The first step to understanding why sales dropped 30 percent is to engage in market research.
This can include surveys and interviews with customers, reviews of customer feedback, analysis of competitors and their strategies, and data collection of market trends.
To start, you can send out surveys and interviews to customers to understand their feelings towards the product or service. You can also review customer feedback to see if there are any common patterns among those who are dissatisfied.
Additionally, you can analyze competitors to see what strategies they are implementing, and collect data to understand current market trends.
By doing this, you can get a better understanding of the factors behind the sales drop and create a plan to increase sales.
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if budgetary fund balance was debited in the process of recording a budget for the general fund of a governmental unit, it can be assumed that:
If budgetary fund balance was debited in the process of recording a budget for the general fund of a governmental unit, it can be assumed that the governmental unit has authorized the use of the funds within the budgetary fund balance to finance the general fund's budget.
The debiting of budgetary fund balance indicates that the governmental unit is utilizing its funds to finance its budget. It also indicates that the governmental unit is prepared to take on the financial responsibility associated with this budget.
The funds in the budgetary fund balance have been set aside to cover specific expenses, and when they are debited, it means that the unit is using the funds to cover the cost of the budget.
This type of transaction usually occurs when the governmental unit needs to increase its financial capability, either through the use of its own funds or through borrowing from external sources. By debiting the budgetary fund balance, the governmental unit is indicating that it is ready to use the funds to cover the budget.
Overall, the debiting of budgetary fund balance indicates that the governmental unit is utilizing its funds to finance its budget. It also indicates that the governmental unit is prepared to take on the financial responsibility associated with this budget.
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defense against foreign aggression, maintenance of public order, and a stable currency are examples of
Defense against foreign aggression, maintenance of public order, and a stable currency are all examples of Government functions.
Public order : The concept of public order is used in law enforcement and refers to the maintenance of law and order in a society. It is about ensuring that people obey the law and ensuring that the law is enforced. Public order refers to the system that keeps law and order in place by providing security and protection to citizens.Foreign aggression : Foreign aggression refers to the hostile activities of foreign states or other entities against one's own country. For example, if one country tries to invade another, it is an act of aggression. Acts of aggression can take many forms, including military invasion, economic sanctions, or cyber attacks.Stable currency : A stable currency is a currency that maintains its value over time. This means that it does not fluctuate significantly in value against other currencies, and that its purchasing power remains consistent. Maintaining a stable currency is important for a number of reasons, including promoting economic growth and stability, attracting foreign investment, and maintaining public confidence in the economy.To learn more about foreign aggression : https://brainly.com/question/9909886
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which statement concerning corporations is correct? group of answer choices primary shareholders have unlimited liability for corporate debts. when the last original owner dies or withdraws, the entity is terminated. there are time limits placed on the transfer of ownership. the ability to raise capital is limited to that of a general partnership. the entity can outlive all of its initial owners.
The statement "The entity can outlive all of its initial owners" concerning corporations about the general partnership is correct.
What is a corporation?
A corporation is a legal entity that is formed by a group of people and recognized by law as an individual, with its rights and obligations distinct from those of its owners.
What are the characteristics of corporations? Here are the characteristics of a corporation: The entity can outlive all of its initial owners. Primary shareholders do not have unlimited liability for corporate debts.
When the last original owner dies or withdraws, the entity is not terminated. There are no time limits placed on the transfer of ownership. The ability to raise capital is not limited to that of a general partnership.
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which of the following is true regarding private placements of primary security offerings? group of answer choices the shares are sold directly to a small group of institutional or wealthy investors. extensive and costly registration statements are required by the sec. they have greater liquidity than public offerings. they trade in secondary markets. for very large issues, they are better suited than public offerings.
According to the given question, we have to identify the correct option which is true regarding private placements of primary security offerings. So, here is the answer to this question: Option A is true regarding private placements of primary security offerings.
Private placements of primary security offerings are used to sell shares of stock to select investors without having to make a public offering or go through the registration process with the Securities and Exchange Commission (SEC).
In the private placement, the shares are sold directly to a small group of institutional or wealthy investors. They usually deal with corporate bonds and can also be used to issue common stock, preferred stock, and warrants.
Private placements have the following features:
They are sold directly to institutional investors, such as pension funds, mutual funds, and insurance companies. However, individual investors with a net worth of at least $1 million or an annual income of at least $200,000 for the previous two years can also participate.
Private placement may be made for very large issues, but they are not suitable for all companies. Companies with smaller amounts to be sold usually find it difficult to achieve a cost-effective private placement as they have to comply with the regulatory requirements.
Companies that do not wish to disclose their financial information and objectives to the public usually prefer private placement. Therefore, Option A is true regarding private placements of primary security offerings.
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