Given that chicken and beef are substitute goods, if the price of chicken decreases, there would be a decrease in the demand for beef.
The correct option is C.
Demand is the amount of a good that consumers are willing and able to buy at different prices during a specific period of time. The demand curve is the relationship between price and quantity demand.
Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences, and disposable money.
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on january 1, 2021, the general ledger of grand finale fireworks includes the following account balances: accounts debit credit cash $ 42,700 accounts receivable 44,500 supplies 7,500 equipment 64,000 accumulated depreciation $ 9,000 accounts payable 14,600 common stock, $1 par value 10,000 additional paid-in capital 80,000 retained earnings 45,100 totals $ 158,700 $ 158,700 during january 2021, the following transactions occur: january 2 issue an additional 2,000 shares of $1 par value common stock for $40,000. january 9 provide services to customers on account, $14,300. january 10 purchase additional supplies on account, $4,900. january 12 purchase 1,000 shares of treasury stock for $18 per share. january 15 pay cash on accounts payable, $16,500. january 21 provide services to customers for cash, $49,100. january 22 receive cash on accounts receivable, $16,600. january 29 declare a cash dividend of $0.30 per share to all shares outstanding on january 29. the dividend is payable on february 15. (hint: grand finale fireworks had 10,000 shares outstanding on january 1, 2021, and dividends are not paid on treasury stock.) january 30 resell 600 shares of treasury stock for $20 per share. january 31 pay cash for salaries during january, $42,000. exercise 10-17 part 1 1. record each of the transactions listed above.
1. General Journal (FIFO perpetual inventory system):January
2:Debit Cash Account $40,000Credit Common Stock $2,000Credit Additional Paid-in Capital $38,000
To record the issue of 2,000 shares, $1 par value for $40,000.January
9:Debit Accounts Receivable $14,300Credit Service Revenue $14,300
To record services on account.January
10:Debit Supplies Account $4,900Credit Accounts Payable $4,900
To record supplies bought on account.January
12:Debit Treasury Stock $1,000Debit Additional Paid-in Capital $17,000Credit Cash Account $18,000To record 1,000 treasury stock repurchased for $18/share.January 15:Debit Accounts Payable $16,500Credit Cash Account $16,500To record payment on accounts payable.January 21:Debit Cash Account $49,100Credit Service Revenue $49,100To record services to customers for cash.January 22:Debit Cash Account $16,600Credit Accounts Receivable $16,600To record cash from accounts receivable.January 29:Debit Dividend Account $3,300Credit Dividend Payable $3,300To record dividend declared, $0.30/share.January 30:Debit Cash Account $12,000Credit Treasury Stock $600Credit Additional Paid-in Capital $11,400To record 600 treasury stock reissued for $20 per share.January 31:Debit Salaries Account $42,000Credit Cash Account $42,000To record January salaries paid.2. Adjusting Entries (General Journal):January 31:a) Debit Utilities Account $6,200Credit Accrued Utilities $6,200To record unpaid utilities for January.b) Debit Cost of Services $7,300Credit Supplies Account $7,300Being cost of servicesc) Debit Depreciation Expense $1,500Credit Accumulated Depreciation $1,500To depreciate equipment for January.d) Debit Income Tax Expense $2,000Credit Income Tax Payable $2,000To accrue income taxes for January.3. Trial Balance as at January 31, 2018 Debit CreditCash: $83,900($42,700+40,000-18,000-16,500+49,100+16,600+12,000-42,000)Accounts Receivable: $42,200($44,500 + 14,300 - 16,600)Supplies: $5,100($7,500 +4,900 - 5,100)Salaries $42,000Utilities $6,200Accrued Utilities $6,200Depreciation Expense $1,500Income Tax Expense $2,000Income Tax Payable $2,000Dividend $3,300Dividend Payable $3,300Cost of Service $7,300Service Revenue ($14,300 +49,100) $63,400Equipment: $64,000Accumulated Depreciation: ($9,000 + 1,500) $10,500Accounts Payable: $3,000($14,600 + 4,900 - 16,500)Common Stock, $1 par value (10,000 + 2,000) $12,000Treasury Stock, $1 par value $400Additional Paid-in Capital: $112,400($80,000 + 38,000 - 17,000 + 11,400)Retained Earnings: $45,100Total $257,900 $257,9004. Multiple-step Income Statement for the period ended January 31, 2018:Service Revenue $63,400Less Cost of Service $7,300Gross Profit $56,100Expenses:Salaries $42,000Utilities $6,200Depreciation $1,500 $49,700Income before taxes $6,400Income Taxes $2,000Income after taxes $4,400Retained Earnings b/f $45,100Dividend ($3,300)Retained Earnings c/f $46,2005. Classified Balance Sheet as at January 31, 2018:Current Assets:Cash $83,900Accounts Receivable $42,200Supplies $5,100 $131,200Equipment $64,000Accumulated Depreciation ($10,500) $53,500Total Assets $184,700Current Liabilities:Accounts Payable $3,000Accrued Utilities $6,200Income Taxes Payable $2,000Dividends Payable $3,300 $14,500Common Stock $12,000Treasury Stock ($400)Additional Paid-in Capital $112,400 Retained Earnings $46,200 $170,200Total Liabilities + Equity $184,7006. Closing Entries in the General Journal:a) Debit Income Statement $42,000Credit Salaries Account $42,000Transfer to the income statement.b) Debit Income Statement $6,200Credit Utilities Account $6,200Transfer to the income statement.c) Debit Income Statement $2,000Credit Income Taxes Expense $2,000Transfer to the income statement.d) Debit Retained Earnings $3,300Credit Dividends Account $3,300Transfer to the Retained Earnings Account.e) Debit Service Revenue $63,400Credit Income Statement $63,400Transfer to the income statement.f) Debit Income Statement $7,300Credit Cost of Service $7,300Transfer to the income statement.g) Debit Net Income $4,400Credit Retained Earnings $4,400Transfer of net income to Retained Earnings.
What is retained earning?
The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits. This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing. The total profits left over after a corporation pays dividends to its shareholders are known as retained earnings. These funds might be put back into the company by, say, buying new machinery or paying off debt.
Therefore,
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When managers see things only through their own perspective, their focus is called __________.
When managers see things only through their own perspective, their focus is called assertiveness parochialism.
Assertiveness parochialism is the term used to describe a manager's emphasis when they only see things from their own perspective.
Flooding and Parochial Reorganization on the German North Sea Coast in the Seventeenth Century: Community Assertiveness and the Value of Pastoral Care.
This article explores the specifics of parochial restructuring in the seventeenth century using the example of dramatic terrain changes brought on by floods on the German North Sea coast. It covers a wide range of recently discovered information from Schleswig-Holstein archives. The discussion of these significant issues that come with such a restructuring of the religious landscape owing to flood catastrophe is supported by a number of well-documented case studies from the region.
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Dupli-pro copy shop provides photocopying service. next year, dupli-pro estimates it will copy 2,800,000 pages at a price of $0.08 each in the coming year. product costs include:______.
Dupli-Pro Copy Shop provides photocopying service. Next year, Dupli-Pro estimates it will copy 2,800,000 pages at a price of $0.08 each in the coming year. Product costs include: Direct Materials, Direct Labor, Variable Overhead and Total Fixed Overhead.
How are additional product costs specified?
Product costs are often referred to as "inventory costs" or "manufacturing costs." Permanent costs: - Selling and administrative costs. These costs are reflected in the income statement as incurred.
Is the product costs advertised?
Sales commissions, administration fees, advertising and marketing, and office space rentals are all recurring fees. These charges are not covered as part of the cost of purchased or synthetic items, but are recognized as charges in the profit and loss account for the period in which they are incurred.
Is the rental the product costs?
When a manufacturer leases its manufacturing equipment and systems, the lease is the product costs (rather than the price of length). In other words, the rent is protected against the manufacturing overheads assigned to the manufactured product.
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tonya's budget constraint for gasoline (g) and clothes (c) each month can be expressed with the following equation: g
Each month is represented by G = 100 - 2C.
A budget constraint in economics refers to all the combinations of goods and services that a consumer can buy given current pricing and his or her allocated income. Consumer theory examines the dimensions of consumer choices using the notions of a financial constraint and a preference map as tools.A budget constraint occurs when a consumer's consumption patterns are restricted by a fixed income. When analyzing the demand schedule, we frequently consider effective demand. Effective demand is what consumers can actually spend given their income constraints.Assume the cost of beer is $2 and the cost of pizza is $3. Then suppose the consumer has $18 to spend. The price of a beer is written as 2B, where B indicates the number of beers consumed. Furthermore, the cost of pizza can be represented as 3P, where P represents the quantity of pizza consumed.Thus this is the meaning of Budget Constraint.
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Alma corp. issues 1,000 shares of $10 par common stock at $14 per share. when the transaction is recorded, credits are made to?
Alma corp. issues 1,000 shares of $10 par common stock at $14 per share. The transaction is recorded, credits are made to Common Stock, $10,000, and Paid-In Capital in Excess of Par, $4,000
What is a stock?Security known as a stock denotes a portion of ownership in a business. A share, or a small portion of a firm, is what you buy when you buy its stock. Stocks in corporations are bought by investors who anticipate an increase in value. In that case, the stock price of the company rises as well. A profit can then be made when the stock is sold.
As a result of your participation in the company's profits, you are referred to as a shareholder when you possess stock in it.
A stock market exchange, such as the Nasdaq or the New York Stock Exchange, is how publicly traded corporations sell their stock. According to the SEC, issuing stock can be a way for businesses to generate capital to settle debt, introduce new goods, or expand their operations. (Read more about the fundamentals of the stock market here.)
Stock investment is a technique for investors to grow their money over time and outpace inflation. As a shareholder, you have the potential to profit from rising stock prices, receive dividend payments when the firm distributes its profits, and in some cases, participate in shareholder elections.
Thus, stocks refer to the ownership proportion of the company.
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if a company has a major problem, what type of committee might it create to investigate the problem?
If a company has a major problem, the Task Force committee will investigate the problem. Task forces are time-certain and outcome-centered organizations that can be convened to guide OTA's mission, strategic targets, or software activities. The challenge pressure device helps the Knowledge-Based Governance version now utilized by the OTA Board.
What does OTA suggest in contracts?
An Other Transaction Agreement/Authority (OTA) is a criminal agreement with the federal authorities that is not a grant, cooperative agreement, or federal agreement. The federal authorities make use of OTAs to streamline studies and development, prototype development, and different initiatives with nonprofit studies institutions. Other Transaction Authority (OTA) is the time period normally used to consult the authority of the Department of Defense (DoD) to perform positive prototypes, research, and manufacturing projects.
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Benjamin, age 16, is claimed as a dependent by his parents. during 2021, he earned $850 at a car wash. benjamin's standard deduction is $1,450 ($1,100 $350). true false
False, Benjamin, 16, is being claimed as a dependent by his parents. He made $850 at a car wash in 2021. It is false that Benjamin's standard deduction is $1,450 ($1,100 multiplied by 350).
Car Wash
A car wash, also referred to as an auto wash, is a facility where exteriors and, on occasion, interiors of automobiles are washed. Car washes come in three varieties: fully automated, full-service (where a staff member washes the car), and self-service (possibly connected to a gas station). In order to earn money for a deserving cause, car washes can also be events when customers pay to have their vehicles washed by volunteers using less sophisticated equipment.
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right medical introduced a new implant that carries a 5- year warranty against manufacturer's defects. based on industry experience with similar products, warranty costs are expected to approximate 1% of sales. sales were $15 million and actual warranty expenditures were $20,000 in the first year of selling the product.
There is a loss contingency and the estimated warranty liability is credited and warranty expense is debited in the period in which the products under warranty are sold. The right will report a liability of $388,250
Warranty Liability, Beg. Balance = $ 420,000
Warranty Expense = $21,000,000*2%
Actual Expenditure = $ 31,750
End Balance = $ 388,250
Hence, this is a loss contingency and the estimated warranty liability is credited and warranty expense is debited in the period in which the products under warranty are sold. The right will report a liability of $388,250
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A national chain of grocery stores wants to finance the construction of several new stores. the firm has limited internal funds, so it likely will?
A national chain of grocery stores wants to finance the construction of several new stores and demands the required funds by selling bonds.
Who is the national chain of groceries?Regional buyers for the majority of national chain stores (Kroger, Whole Foods, Costco, Safeway, Supervalu, etc.) are focused on their local network of stores. However, Nationwide Grocery stores was a grocery store chain in the American cities of New Orleans, Louisiana, and St. Louis, Missouri. Both businesses were once held by Loblaw Corporations of Canada, but Loblaw sold them to Schnucks Markets in June 1995. The Kroger Co., established in 1883 in Cincinnati, Ohio where it is still located), is now the largest grocery chain in the US and the second-largest retailer overall, just behind Walmart.
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If+sales+are+$810,000,+variable+costs+are+76%+of+sales,+and+operating+income+is+$257,000,+what+is+the+contribution+margin+ratio?
Contribution margin ratio is 24%
Contribution margin ratio = 100% - Variable expense%
=100%-76%
=24%
Contribution Margin:
You can provide the contribution margin as a gross or per-unit figure. After removing the variable element of the company's expenditures, it indicates the additional revenue made for each product or unit sold.
By subtracting the variable cost per unit from the selling price per unit, the contribution margin is calculated. The metric, which is often referred to as dollar contribution per unit, shows how much a certain product adds to the company's overall profit.
It offers a means of illustrating the profit potential of a certain item or service a business offers, as well as the percentage of revenue that goes toward paying the business' fixed expenses. Profit is defined as whatever income that remains after paying fixed costs.
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in the value chain model, support activities are most directly related to the production and distribution of the firm's products and services, which create value for the customer.
The given statement "In the value chain model, support activities are most directly related to the production and distribution of the firm's products and services, which create value for the customer" is true.
Define Value chain model.A value chain is a methodical corporate strategy for taking a good or service from conception to completion.Value chains assist businesses in being more efficient so they can provide the most value for the least amount of money.A value chain's ultimate objective is to give a business a competitive edge by boosting productivity and controlling costs.The five major activities and four supporting activities of a corporation are examined under the value-chain theory.To know more about value chain model visit:
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pam needs to borrow money to buy a home. suppose that the saving rate in the country is expected to decrease. assuming nothing else changes, this means that if pam borrows now, her cost of borrowing money is expected to due to the following factor:
Pam's cost of borrowing money is expected to increase preferences for current consumption due to the federal deficit decreases, the federal reserve sells treasury securities to banks etc.
What is the meaning of cost of borrowing money?Cost of borrowing money refers to the price that people pay to borrow money. It is also known as Interest. When people make the payments for the loan, interest is a part of the payment.
The cost of borrowing money basically expressed as a percentage of the amount borrowed that is called principal amount. Generally, low-risk borrowers with good credit scores has to pay the lowest interest rates.
Basically, cost of borrowing money is the interest rate that a borrower has to pay on the money borrowed.
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if price of a good rises, what happens to quantity demanded for that good? a.it does not change. b.it decreases. c.the answer depends upon the supply of the good. d.it increases.
The correct option is (B) decreases.
How does change in the price of good affects the quantity demand?One of the earliest theories in economics is the law of demand. It combines with the law of supply to explain how market economies distribute resources and establish the costs of the goods and services we use on a daily basis. The quantity bought varies inversely with price, according to the rule of demand. To put it another way, demand decreases as price increases. Marginal utility is what causes this to happen. In other words, customers utilize the initial units of an economic good they buy to fulfill their most pressing demands first, and then they use every additional unit to fulfill progressively lower-value goals.
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derek is having postcards printed to advertise his services as an arizona real estate broker. he’ll use his name, derek dibbley, on the card. what else do arizona real estate advertising rules require him to include?
In addition to being a licensed real estate agent, a real estate broker is also a licensed real estate professional in their own right.
A real estate broker has knowledge that can be useful to people in real estate transactions, and just as an agent, a broker can aid with the sale or purchase of real estate. A broker's responsibility is to guarantee that real estate transactions are legal, that all paperwork is accurate and complete, and that any funds, such as those in escrow accounts, are documented and reported legally. This is a key distinction between a broker and an agent.
Every real estate agent is employed by a broker. Therefore, picture a broker (or brokerage company) as the general term for particular real estate agents, such as those you would hire to sell your house or assist you in buying a property. A broker makes sure all transactions are compliant with the law while a real estate agent manages clients, listings, and sales.
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Ron landscaping's income statement reports net income of $75,300, which includes deductions for interest expense of $11,500 and income taxes of $30,500. its times interest earned is:___.
Ron landscaping's earnings statement reviews internet earnings of $75, three hundred, which includes deductions for interest price of $11,500 and earnings taxes of $30,500. its times interest expense is: = internet profits + income Taxes + hobby rate; profits before interest and taxes = $75,three hundred + $30,500 + $eleven,500; A) 10.6 times.
An expense is an object requiring an outflow of cash, or any form of fortune in well-known, to some other character or group as a charge for an item, service, or different category of fees. For a tenant, hire is a rate. for college students or mothers and fathers, a lesson is a fee.
An expense is the cost of operations that a company incurs to generate sales. because the famous announcement goes, “it expenses cash to make cash.” common expenses consist of bills to providers, worker wages, factory rentals, and equipment depreciation.If something is done at the cost of someone or something, it is done in a way that harms someone or something. here are some instances sentences in the use of the word: malls flourished at the rate of small stores downtown. He argues that the tax reduction will gain the rich on the fee of the bad.
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Craigmont company's direct materials costs are $3,600,000, its direct labor costs total $7,540,000, and its factory overhead costs total $5,540,000. its conversion costs total:_____.
The conversion cost of Craigmont company is $13,080,000
How to calculate the conversation costs ?Conversion cost can be described as the sum of the cost of direct labor cost and overhead cost.
The cost of direct materials is $3,600,000
The direct labor costs is $7,540,000
The overhead cost is $5,540,000
Conversation cost= cost of direct labor + overhead cost
= 7,540,000 + 5,540,000
= 13,080,000
Hence the conversion cost is $13,080,000
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In a monopsonistic market, firms will hire where ________ equals marginal revenue product and pay a wage rate down to the ________.
In a monopsonistic market, firms will hire where the marginal resource cost equal the marginal revenue product and pay a product price down to the supply curve.
Supply curve, in economics, picture illustration of the connection between product rate and amount of product that a seller is inclined and capable of deliver. Product fee is measured at the vertical axis of the graph and quantity of product supplied at the horizontal axis.
Why supply curve is upward sloping?
The supply curve is upward sloping because, over the years, suppliers can pick out how tons in their goods to supply and later carry to market.
What causes a supply curve?
Supply curve shift: adjustments in manufacturing fee and associated factors can cause an entire supply curve to shift right or left. This causes a higher or lower amount to be provided at a given rate. The ceteris paribus assumption: deliver curves relate expenses and portions supplied assuming no different elements exchange.
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With a 0.04 percent chance of a stockout, what is the z-value to use in calculating safety stock?
Z is the preferred service level, it is the usual deviation of lead time, and D avg is the demand common. do not be intimidated. The best technique for calculating safety inventory only calls for a four-step procedure to calculate these variables.
Solution:
Stock out level=4%
In-stock Probability=100-4=96%
Therefore Z value at 96% service level=1.751
Resulting Z -a value of 1.751.
A stockout situation. With a lower score approach, you may have higher possibilities of running out of inventory. as an example, in case you pick out a Z rating of 2.33, there's a ninety-nine percent threat that you might not face a stockout situation. assume an agency has a team to investigate the market call, and it has been estimated that the call for an umbrella is almost 1000 devices each month. As a precaution, the organization can determine to have a hundred units as protection stock because the call for is in no way constant.
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The income households actually receive before they pay personal income taxes is? a. national income. b. personal income. c. disposable personal income. d. gross domestic income.
The income households actually receive before they pay personal income taxes is personal income. (option b)
What is gross domestic income?Personal income is the income of households before any deductions are made. Deductions include taxes. Taxes are compulsory amount that must be paid to the government.
Taxes can be progressive or regressive. It is progressive if tax amount increases with income and it is regressive if it reduces with income. After taxes are deducted from personal income, the income that is left is either net personal income or disposable income. Disposable income can be spent on either consumption or it can be saved.
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cree markets led (light-emitting diode) bulbs, selling them for a profit. a cree led bulb replaces the traditional incandescent bulb, consuming 85 percent less energy and lasting for 25,000 hours. cree is an example of
Cree is an example of a Business firm. Therefore option d) Business Firms is correct.
What is an incandescent bulb?In essence, an incandescent light bulb is a display of a controlled fire. Electricity enters the bulb through the base and heats the tungsten filament within when an electrical current comes into touch with it. And as the filament gets hotter, heat-generated light called "incandescence" is produced. (A burning wood or coal would have the same effect.)
An incandescent light bulb's light is essentially just that phenomenon taking place in a safe, controlled setting. Particles shoot off the filament as it keeps burning. The light bulb eventually burns out when there are no more particles to burn, which normally happens between 800 and 1,200 hours during the incandescent light bulb's lifespan.
However, since incandescence is fire, it creates more than just light, which is the problem with incandescent lights. Moreover, heat is produced. As a result, the heat generated by an incandescent bulb is wasteful by nature unless you're looking for a "heat lamp."
As a matter of fact, incandescent light bulbs only emit 10% light and 90% heat. You've probably felt the 90/10 heat-to-light ratio if you've ever handled an incandescent bulb that is lighted. They are warm bulbs!
Thus, these bulbs consumed a tremendous amount of energy as compared to modern LEDs.
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Complete Question:
Cree markets LED (light-emitting diode) bulbs that replace the traditional incandescent bulb. A CreeLED bulb consumes 85 percent less energy and lasts for 25,000 hours. Cree is an example of
a. a cooperative.
b. an industry.
c. a nonprofit organization.
d. a business firm.
e. a government agency.
the current price of blue jeans is $30 per pair, but the equilibrium price of blue jeans is $25 per pair. as a result, which of the following statements is not true?
The statement that is not true is there is a shortage of blue jeans at the $30 price.
What is a surplus?Equilibrium is the point where the quantity demanded equal quantity supplied. On a graph, it is where the demand curve crosses the supply curve.
The price at equilibrium is known as equilibrium price and the quantity at equilibrium is known as equilibrium quantity
If price is above the equilibrium price, quantity supplied exceeds quantity demanded and there is a surplus. If price is below the equilibrium price, quantity demanded exceeds quantity supplied and there is a shortage.
Since the current price of blue jeans is greater than the equilibrium price, there would be a surplus. Thus, quantity supplied would be greater than the quantity demanded.
Here are the options:
There is a surplus of blue jeans at the $30 price.
b. There is a shortage of blue jeans at the $30 price.
c. The quantity supplied of blue jeans exceeds the quantity demanded of blue jeans at the $30 price.
d. The equilibrium quantity of blue jeans exceeds the quantity demanded at the $30 price.
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cheri is the lessee of of a house with a detached garage . harriett has leased only the garage from cheri. however, cheri remains bound by the terms of the lease agreement with the lessor. this is an example of .
cheri is the lessee of of a house with a detached garage . harriett has leased only the garage from cheri. however, cheri remains bound by the terms of the lease agreement with the lessor. this is an example of landlord-tenant.
What is the landlord-tenant situation?This is the term that is used to refer to the landlord that would own a property and would allow someone else to make use of the same property at a given fee payment.
The property can be said to be leased between the landlord and the tenant. Hence we can say that this is an example of landlord-tenant.
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Resources are identified and selected in the? performing phase. closing phase. initiating phase. planning phase.
Resources are identified and selected in the closing phase.
The project lifestyles cycle consists of the stairs required for task managers to effectively manipulate an undertaking from start to completion. There are five stages to the venture lifestyles cycle (also known as the five system businesses)—beginning, making plans, executing, monitoring/controlling, and ultimate.
This challenge control technique normally consists of four phases: starting up, planning, executing, and final. Resources may also consist of a 5th “tracking and controlling” segment among the executing and last stages. by way of following each step, a project crew will increase the chance of accomplishing its dreams.
No matter what method control technique your employer uses to create applications, there are 4 principal ranges of software evolution – development, trying out, deployment and monitoring.
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The price of a dozen eggs rises from $3 to $4. 70. In response to this price change, quantity supplied increases from 100,000 dozen eggs to 127,000 dozen eggs. What is the approximate price elasticity of supply for eggs?.
The approximate price elasticity of supply for eggs is 0.48.
Calculating,
Price elasticity of supply = [tex]\frac{Percentage Change In Quantity Supplied}{Percentage Change In Price }[/tex]
Percentage change in quantity supplied= [tex]\frac{127000-100000}{100000}[/tex] × [tex]100[/tex] = 27%
Percentage change in price= [tex]\frac{4.70-3}{3}[/tex]×[tex]100[/tex] = 56.67%
Price elasticity of supply of eggs = [tex]\frac{Percentage Change In Quantity Supplied}{Percentage Change In Price }[/tex]
= [tex]\frac{27}{56.67}[/tex]
= 0.4764 or 0.48
The relationship between the percentage change in a product's quantity demanded and the percentage change in price is known as price elasticity of demand. It helps economists comprehend how supply and demand shift in response to changes in a product's price. The elasticity of supply and demand to changes in price is discussed in the elasticity theory. Elasticity in economics is used to analyze how shifts in consumer spending patterns or producer prices affect shifts in product demand and supply. A good or service's responsiveness to supply after a change in its market price is measured by its price elasticity of supply. When a good's price increases, its supply will also rise. A good's supply will fall when its price rises, on the other hand.
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all of these factors create economies of scale, except a. quantity discounts b. technological factors c. specialization and division of labor d. increase in advertisement costs
The correct option (D) increases advertisement costs.
The factor that does not create economies of scale is an increase in advertisement costs.
What are Economies of Scale?In microeconomics, economies of scale refer to the cost advantages that businesses experience as a result of their size of operation. These cost advantages are typically quantified by the amount of output produced in a given amount of time. An expansion in scale is made possible by a drop in the cost per unit of output.
The degree of market control may be influenced by technical, statistical, organizational, or other relevant elements, which form the basis of economies of scale. This only provides a brief overview of the idea.
Adam Smith is credited with developing the idea of economics and his theory of the division of labor as a means of increasing production returns.
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The public company accounting oversight board may conduct investigations and disciplinary proceedings of?
The public company accounting oversight board may conduct investigations and disciplinary proceedings against Registered Public Accounting Firms.
What are Registered Public Accounting Firms?PricewaterhouseCoopers LLP or another independent public accounting firm chosen by the Company that is of recognized national stature and registered well with Public Company Accounting Oversight is considered an independent registered public accounting company. Public accounting firms are required by the Sarbanes-Oxley Act to register with the PCAOB in order to prepare or issue an audit report for a broker-dealer or a U.S. public business or to otherwise play a significant part in such audits. The PCAOB is subject to SEC monitoring, which includes approving the Board's policies, procedures, and spending plan. There are 800 or so employees at the PCAOB. We have 9 regional offices spread out around the United States and yet keep our main office in Washington, D.C.
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in many companies, the changing nature of work has somewhat blurred the distinction between .
We can actually deduce here that in many companies, the changing nature of work has somewhat blurred the distinction between managers and non-managers.
Who is a manager?A manager is actually known as an individual who has the responsibility to controlling, directing and supervising an organization. Th manager is the leader in that organization. Managers are known to have the responsibility of managing the organization's resources and man-power.
We see here that managers are known to be available in order to pilot the organization.
The manager or management of an organization, firm or company actually carry certain functions, some of them are:
Leading and controlling. OrganizingPlanningStaffingThese are functions that are required of the manager of a company.
Good managers help to sustain the growth and development of an organization.
Thus, we see here that in many companies, the changing nature of work has somewhat blurred the distinction between managers and non-managers.
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on january 1, year 1, weller company issued bonds with a $400,000 face value, a stated rate of interest of 10%, and a 10-year term to maturity. weller uses the effective interest method to amortize bond discounts and premiums. the market rate of interest on the date of issuance was 8%. interest is paid annually on december 31. assuming weller issued the bond for $431,940, what is the amount of interest expense that will be recognized during year 3? a. $33,649 b. $20,000 c. $34,120 d. $46,350
The amount of interest expense that will be recognized during Year 3 is $34,058.
For year 1,
Cash paid = $400,000 x 10%
Cash paid = $40,000
Interest expense = $431,940 x 8%
Interest expense = $34,555
Premium amortization = $40,000 - $34,555
Premium amortization = $5,445
For year 2,
Cash paid = $40,000
Interest expense = $426,495 x 8%
Interest expense = $34,120
Premium amortization = $40,000 - $34,120
Premium amortization = $5,880
For year 3,
Cash paid = $40,000
Interest expense = $426,060 x 8%
Interest expense = $34,085
Therefore, The amount of interest expense that will be recognized during Year 3 is $34,085.
The expense of interest is related to the price of borrowing money. It is the fee that a lender assesses to a borrower in exchange for using their funds. Interest expense can be the cost of borrowing money from banks, bondholders, and other sources on the income statement. the amount of loan interest paid, and It is listed as a non-current liability on the liabilities section of the company's balance sheet. The simplest way to distinguish between interest and profit is to understand that they are two distinct concepts: profit is simply income fewer costs and expenses, regardless of whether the entity is a bank or another business. Interest is a type of income common to banks.
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Sue was looking at buying a new car. after looking at the sticker prices on really expensive models, the lower cost models looked even more attractive! sue's decision making is being affected by?
Originally, the phrase reformation (from the Latin reform is, “to resume”) suggested the removal of impurities and corruption from church establishments and those, instead of separation from the unified Roman Catholic Church (the phrase catholic meaning “universal”).
The Protestant Reformation become a non secular reform movement that swept Europe inside the 1500s. It resulted in the introduction of a department of Christianity known as Protestantism, a call used collectively to refer to the many spiritual agencies that separated from the Roman Catholic Church because of variations in doctrine.
The Reformation brought about the reformulation of certain basic tenets of Christian perception and resulted in the division of Western Christendom between Roman Catholicism and the brand new Protestant traditions.
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A borrower applied for a va guaranteed first time mortgage for $150,000. however, the property appraised for $146,000. if the buyer still wished to buy the property, what most probably will happen?
A borrower applied for a VA guaranteed first time mortgage for $150,000. However, the property appraised for $146,000. If the buyer still wished to buy the property, The VA could allow the borrower to make up the difference in cash.
What is the meaning of mortgage?
A mortgage is an agreement among you and a lender that offers the lender the right to take your own home in case you fail to pay off the cash you've borrowed plus hobby. Mortgage loans are used to buy a home or to borrow cash against the value of a domestic you already personal. Seven matters to search for in a mortgage.
What's the distinction among mortgage and loan?
A loan is the sum of money borrowed from a monetary institution to meet various dreams or requirements. it can be collateral-free or secured. Mortgage refers to an immovable property that is used as collateral to avail a loan.
Why do people go for mortgage?
A mortgage is a need in case you can't pay the whole value of a home out of pocket. There are some instances in which it makes experience to have a mortgage on your own home even though you have the money to pay it off. For example, buyers on occasion loan residences to loose up price range for other investments.
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