The entry to record this transaction will include: a debit to Cash.
Which accounts are affected when cash is received for services?
When a firm performed services for clients and cash is also received, it means that the revenue of the company has increased so also its cash balance because the receipt of $800 would increase cash balance by the same amount.
In other words, the service revenue account for revenue recognition would be credited because an increase in income or revenue has a normal credit entry whereas the cash account would be debited as the corresponding debit entry for the service revenue
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Full question with options:
On June 1, 2022, Harry's Dog Grooming received $800 cash for services rendered. The entry to record this transaction will include
A
a credit to Accounts Payable.
B
a debit to Service Revenue.
C
a credit to Accounts Receivable.
D
a debit to Cash.
The leaders of a country establish a local content requirement on woven cotton fabric. Which of the following is the goal of this action?
A.) Ensure that a specific proportion of the fabric is domestically produced
B.) Increase the supply of foreign fabric available for domestic sale
C.) Raise the price of domestic fabric higher than foreign fabric
D.) Prevent dangerous or inferior fabric from entering the country
Answer:
A.) Ensure that a specific proportion of the fabric is domestically produced
Explanation:
Answer:
A
Explanation:
got it right
The _____ is a national organization composed of all nongovernmental, independent, local regulatory agencies that act to preserve good business practices.
The "Council of Better Business Bureaus" is a national organization composed of all nongovernmental, independent, and local regulatory agencies that act to preserve good business practices.
This is further explained below.
What is the Council of Better Business Bureaus?Generally, The Better Business Bureau, sometimes known as the BBB, is a non-profit organization that offers the general public information on various companies and charitable organizations.
It also addresses complaints lodged by customers against various businesses.
A grading scale ranging from A+ to F has been devised for use in the evaluation of firms by the nonprofit bureau.
In conclusion, The "Council of Better Business Bureaus" is a nationwide organization that is made up of all municipal regulatory agencies, nonprofit regulatory organizations, and independent regulatory organizations that work to maintain ethical business practices.
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Budgeting that involves decisions such as whether to buy or lease equipment or build a new factory is referred to as:__________
Capital budgeting is the process of deciding whether to purchase, lease, or construct new facilities as part of a budget.
Capital budgeting is the process a corporation use to evaluate potential large projects or investments. Construction of a new factory or a major investment in an outside endeavor are examples of projects that would require capital budgeting before they are authorized or refused.
In order to determine if the predicted returns will meet a sufficient target benchmark, a corporation may assess the lifetime cash inflows and outflows of a proposed project as part of capital planning. It's also known as investment assessment when capital budgeting is used.
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The small business administration (sba) estimates that there are over 220 million small businesses in the united states. true false
The small business administration (sba) estimates that there are over 220 million small businesses in the united states. This is an incorrect statement
that's mean the correct option is False
What is SBA?
The term Small Business Administration (SBA) refers to a United States government agency whose purpose is to strengthen and promote the economy by supporting the country's small businesses. Founded in 1953, his SBA's primary mission is to provide advice to individuals wishing to start and grow their own businesses. We offer a variety of tools on our website to support new and existing small business owners. The agency is headed by an administrator and a deputy administrator, as well as a chief advocacy attorney and an inspector general, all of whom are Senate-approved. SBA has at least one office in each state.
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roduct costs are placed in which financial statement account when incurred? multiple choice cost of goods sold inventory
The product costs are place in cost of goods sold under the expenses head of the financial statement account when they are incurred. Therefore, the option A holds true.
What is the significance of product costs?The product costs can be referred to or considered as the costs that are related to the production, procurement, and manufacturing of the products sold by a firm. They are an expense for the firm, and are represented under the same head in the financial statement accounts of the firm.
Therefore, the option A holds true and states regarding the significance of product costs.
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five competing brokerage firms in the same area agreed to cooperate in setting a standard commission rate for the area. this makes them guilty of a per se antitrust violation. what is a per se antitrust violation?
Per se antitrust violation is the one in which no intent needs to be proven to establish a violation has occurred.
What is Per se violation of law?Per se violation of law refers to the act which is in of itself an offence against the law, without room for debate. Per Se is a Latin term meaning “in of itself.”
According to the U.S law, the term illegal per se refers to the act that is inherently illegal. Per se violations of the Sherman Act generally include price fixing, bid-rigging, territorial allocation agreements etc.
Basically, per se violation requires no further inquiry of those individuals who engaged in the practice.
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what if an investor wants to buy 1,000 shares of apple at the market price, but the nbbo ask price of $100.02 is for only 200 shares? the first 200 shares will be sold at $100.02 after which a new nbbo price will be calculated. all shares will be sold at $100.02. the nbbo price will be recalculated and all shares will be sold for the same price. the nbbo price will be ignored and the ask price will be accepted. the nbbo price will be ignored and the highest bid accepted.
The investor would consider buying the first 200 shares at National Best Bid and Offer(NBBO) ask price rather than market price because NBBO gets the lowest ask price across all the stock exchanges.
Since it is already mentioned that first 200 share ask price is $100.02 they are sold first and then a new price is calculated for the remaining 800 shares(1000-200) by NBBO.
The National Best Bid and Offer (NBBO) is a quote that summarizes the highest bid price and lowest ask price for a security across all exchanges or trading venues that are open for business.
The NBBO displays the best (lowest) ask price and best (highest) bid price that users can access across various exchanges.
Brokers are required by the SEC's Regulation NMS to guarantee their customers at least the NBBO stated price at the time of a trade.
Security Information Processors (SIP) compute and distribute the NBBO
Although it guarantees that every investor receives the best pricing when placing trades, NBBO might not always represent the most recent data, leading to trades that do not correspond to investor price expectations.
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three years ago you purchased 500 shares in the kellogg company, but yesterday you sold 200 of those shares through your broker. this is a(n): secondary market transaction. primary market transaction. futures market transaction. money market transaction. over-the-counter market transaction.
You bought 500 shares of the Kellogg Company three years ago, but yesterday, 200 of those shares were sold by you through your broker. It is a A secondary market transaction.
Despite being one of the most frequently traded securities, stocks are simply one sort of secondary market. For instance, investment banks, corporations, and individual investors trade bonds and mutual funds on secondary markets. On a secondary market, mortgages are also bought by organizations like Freddie Mac and Fannie Mae.
Simply because they are one step removed from the transaction that originally created the securities in question, secondary market transactions are referred to as such. For instance, a financial institution might create the mortgage security by issuing a mortgage to a customer. The bank may then sell it to Fannie Mae in a secondary transaction on the secondary market.
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If+you+invest+today+40+oranges+with+a+real+interest+rate+of+15%+over+one+year,+and+if+the+price+of+oranges+next+year+is+$2+per+orange,+what+will+the+nominal+value+of+your+investment+be+next+year?
The nominal value of investment next year is $ 92.
Funds are pooled instruments managed by investment managers that enable investors to invest in stocks, bonds, preferred shares, commodities, etc. Two of the most common types of funds are mutual funds and exchange-traded funds or ETFs.
calculation,
The average value = 40 oranges
So, next year = 40(1 + r/100)
= 40x (1 + 15/100)
=46 oranges.
Now value of per oranges =$2
therefore total nominal value = 46×2
= $96.
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Relish has a chain of outlets that sells baked products. relish requires all its employees to complete a month's training before they can work in the kitchen. this is an example of a?
As Relish has a chain of outlets that sells baked products, when he requires all its employees to complete a month's training before they can work in the kitchen, this is an example of a company policy.
What is a company policy?It is also known as an organization regulation. This refers to the guideline and rulebook for employers to establish formal expectations and standards for employee health and safety, accountability, best practices and processes within a company.
Therefore, as Relish has a chain of outlets that sells baked products, when he requires all its employees to complete a month's training before they can work in the kitchen, this is an example of a company policy.
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Assuming all other factors remain constant, if sales price per unit increases, then the break-even point will?
Assuming all other factors remain constant, if the sales price per unit increases, then the break-even point will increase the breakeven point.
The variable price in keeping with the unit remains the same. In impact, the overall contribution margin is in keeping with unit increases. We recognize that the computation of smash-even is computed as follows. If the contribution margin in line with the unit increases, then, the whole ruin-even point decreases. whilst the sales fee in line with unit decreases, the breakeven point will increase.
The contribution margin per unit increases assuming all other factors stay constant. The impact might be An boom in income fees A lower in constant price An boom in smash-even point in gadgets A lower in damage-even factor in units. An increase in the quantity of the corporation's constant charges/charges. Growth is consistent with unit variable prices/costs. A lower within the organization's promoting charges.
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could a decline in the production of current ""consumption goods"" lead to higher economic growth in the future? explain why or why not? message
When an economy is able to generate more, it expands. The ability to create a given amount of capital, labor, raw materials, and technology determines how much can be produced. Economic growth results from policies that promote the accumulation of any of these.
An increase in production capacity is what is meant by economic growth. Economic growth is therefore anything that raises that potential.
An economy with more physical capital can generate more than an economy with less physical capital, all else being equal. More capital investment results in greater economic growth because savings and investment increase the stock of available capital.
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during macie's presentation, the manager of another department asked her for some statistics she did not have on hand. she promised to get it to him, looked up the statistics the next morning, and emailed them to him right away. which aspects of credibility were enhanced by macie's action?
Macie's deed improved credibility in the areas of caring and character, it can be said that it enhanced the credibility.
The study and manipulation of data is the simplest definition of statistics. The study of data gathering, analysis, interpretation, presentation, and organization is known as statistics. In other words, gathering and summarizing data is a mathematical discipline. Additionally, statistics might be considered a subfield of applied mathematics. However, uncertainty and variation are two crucial and fundamental concepts in statistics. Only statistical analysis can determine the uncertainty and variation in many sectors. The probability, which is a key concept in statistics, essentially determines these uncertainties.
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the annual demand for an item is 10,000 units. the cost to process an order is $75 and the annual inventory holding cost is 20% of item cost. what is the optimal order quantity, given the following price breaks for purchasing the item? what price should the firm pay per unit? what is the total annual cost at the optimal behavior?
The price should the firm pay per unit is
Total annual purchasing, holding, and setup costs = $19,575.00.
Inventory cost reduction is an important supply-chain management strategy.
Inventory is an asset account that requires a large cash outlay, and inventory spending decisions can reduce the amount of cash available for other purposes.
Increasing the inventory balance by $10,000, for example, means that less cash is available to operate the business each month. This is referred to as an opportunity cost. Holding costs are the expenses incurred when inventory remains unsold. These costs, along with ordering and shortage costs, are a component of total inventory costs.
A company's holding costs include the cost of damaged or spoiled goods, as well as the cost of storage space, labor, and insurance.
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Mack is an oil executive. He wants to start a new company with different partners to explore some drilling opportunities. His attorney advises him about the various business forms. When discussing the llc form, his attorney mentions that one of the biggest disadvantages of the llc form is that.
When discussing the llc form, his attorney mentions that one of the biggest disadvantages of the llc form is that there is no uniform law governing LLCs in the United States.
When you attempt to start an indebtedness company (LLC), you'll be able to value more highly to form your company in any state, irrespective of where you're based. But in most circumstances, your home state is going to be your most-effective option.
It has been attorney enacted in 20 U.S. jurisdictions: Alabama, Arizona, Arkansas, California, Connecticut, the District of Columbia, Florida, Idaho, Illinois, Iowa, Minnesota, Nebraska, New Jersey, American state, Pennsylvania, Mount Rushmore State, Utah, Vermont, Washington, and Wyoming.
As of this writing, the sole state that does not allow the formation of an in-state Series LLC is California. California has specific and strict regulations governing business normally, and there's currently no such thing as a California Series LLC. "Model" acts, as compared, are intended to function guideline legislation which states can borrow from or adapt to suit their respective situations.
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In a study by judge et. al., the big five factor most strongly associated with leadership was ______ and the factor most weakly associated with leadership was ______.
In a study by judge et. al., the big five factor most strongly associated with leadership was extraversion and the factor most weakly associated with leadership was agreeableness.
Encourages others in the group to have faith in and confidence in you. A store manager guiding the group to increased sales is an illustration of leadership. The capacity to take charge of a situation and direct others is an illustration of leadership.
Self-awareness, credibility, relationship-building, a bias for action, humility, empowerment of others, authenticity, presenting themselves as constant and consistent, becoming role models, and being completely present are all qualities of good leaders.
Regardless of your position in the organization, you can develop your leadership skills at any level. They are crucial traits to possess because a competent leader can inspire his or her team to work together toward a common objective by bringing out the best qualities in each person.
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how much is a building worth that is expected to produce cash flows of $300000 in 1 year and $600000 in 2 years if the cost of capital is 12.0 percent? since there's no information on expected cash flows at times other than in 1 and 2 years, assume those are the only times with non-zero expected cash flows.(round the value to 0th decimal to get a whole number)
The worth of the building based on its cash flows is $746,173
What are the present value of cash flows in years 1 and 2?
The worth of the building is the present value of its future cash flows discounted at the firm's cost of capital which is 12%, I mean the today's worth of the cash flows expressed in today's dollar
PV≈FV/(1+r)^N
PV=present value of each cash flow=unknown
FV=future cash flows in years 1 and 2
r=cost of capital=discount rate=12%
N=year of cash flow, 1 for year 1 cash flow and 2 for year 2 cash flow
PV=$300,000/(1+12%)^1+$600,000/(1+12%)^2
PV=$746,173
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A company that aims to position a product based on its salient features is using positioning based on?
A company that aims to position a product based on its salient features is using positioning based on benefits of product.
Product Positioning is the most common way of distinguishing the necessities of various gatherings of clients and the degree to which contending items are seen to address clients issues. All in all, relating an item to the market is named as 'item situating".
It also alludes to focusing on the item for a particular class of clients or explicit necessities. It decides the picture of the item about the adversary items. The procedures utilized for this design are item separation and division.
Comparative:- Similar situating methodologies work by setting items right close to different brands to feature their upper hand.
Differentiation:- Some of the time, the uniqueness of an item can't be copied, making it ideal for a separation system.
Segmentation:- At times, assisting an item with standing apart requires zeroing in on various crowds with various necessities, but with a similar item.
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In the buying center, ryan answers the phones, receives and opens the mail, and monitors the incoming email. He sorts through all the sales solicitations and forwards the most interesting ones to his boss. Which role is he playing in this decision-making unit?.
Answer:
A.) Gatekeeper
Explanation:
Lecture page 46. A) Gatekeepers are the people who keep information out and let information in to the buying center. This is exactly what Ryan does by sorting through the sales solicitations. B) Ryan does not make any decisions in the buying center. C) The purchasing agent is the person who actually does the buying. This is not part of Ryan's job. D) The user is someone who is actually going to use the equipment that is purchased. There is no mention of Ryan using any purchased goods in this question. E) Gopher is not one of the roles in the buying center.
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What+is+the+approximate+future+value+of+an+annuity+after+10+years+with+payments+each+period+of+$200,+and+an+interest+rate+of+6%?a. $1,257.59b. $2,515.58c. $2,636.16d. $3,187.48
$2,636.16 is the approximate future value of an annuity after 10 years with payments each period of $200, and an interest rate of 6%.
The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.
Future value is the amount of money that, with time and an interest rate, is invested now and will eventually become.
The sum of the initial principal amount and the interest accrued on that principal amount at the end of the period is the future value simple interest formula.
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Forde Co. has an operating leverage of 4. Sales are expected to increase by 12% next year. Operating income is:________
Forde Co. has an operating leverage of 4. Sales are expected to increase by 12% next year. Operating income is 48%.
If the operating leverage of 4. Sales are expected to increase by 12 %
Operating income increase= sales increase × operating levarage
Operating income increase = 4 × 12% = 48%
Operating income refers back to the adjusted sales of a company in any case charges of operation and depreciation are subtracted. charges of operation or running expenses are truely the expenses incurred in order to maintain the business going for walks.
Running earnings–additionally known as operating earnings–is the result of subtracting an organization's operating costs from gross earnings. Gross income is revenue minus an agency's COGS, which offers the make the most of production or center operations.
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we can imagine the financial manager doing several things on behalf of the firm’s stockholders. for example, the manager might do the following:
On behalf of the company's stockholders, we can envision the finance manager doing a number of actions. By investing in actual assets with favorable NPVs, the management could, for instance: a. Make shareholders as affluent as feasible. b. Adjust the company's investment strategy so that stockholders can follow a specific spending pattern. b. Select high- or low-risk assets in accordance with the risk preferences of shareholders. d. Assist in balancing shareholders' bank accounts. Shareholders will, however, only vote in favour of one of these objectives in healthy capital markets.
Putting money to work for a while in a project or endeavor with the goal of generating a profit is what is generally meant by the term "investing" (i.e., profits that exceed the amount of the initial investment). It is the act of distributing assets, typically capital (i.e., money), with the hope of producing income, profits, or gains.
One can engage (directly or indirectly) in a variety of activities, such as employing capital to launch a business stockholders or buying assets like real estate in the hopes of earning rental income or resale it at a profit.
The money utilized for investing is put to work, which makes it different from saving in that there is an implied risk that the associated project(s) may fail and have negative consequences.
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a 10-year, annual payment corporate coupon bond has an expected return of 11 percent and a required return of 10 percent. the bond's market price is:
A corporate coupon bond with annual payments has an expected return of 11% and a necessary return of 10%. The market price of the bond is lower than its PV. (Present Value)
A bond having coupons attached that reflect semiannual interest payments is known as a coupon bond, bearer bond, or bond coupon. With coupon bonds, the issuer does not keep any records of the buyer, and no certificate has the buyer's name either. These coupons are given to bondholders during the time between the bond's issuance and maturity. Since most modern bonds are not issued in certificate or coupon form, coupon bonds are rather uncommon. Instead, bonds are created digitally, while some holders still favor having physical certificates in their possession.
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In the victoria chemical case, the preliminary engineering costs of gbp500,000 spent over the preceding nine months on efficiency and design studies of the renovation is an example of:_________
Within the victoria chemical case, the initial engineering costs of gbp500,000 spent over the preceding nine months on performance and design studies of the renovation is an example: NPV
Renovation is the method of improving a damaged, broken, or previous structure. Renovations are typically either industrial or residential. moreover, renovation can discuss by making something new, or bringing something again to life and might apply in social contexts. the act or method of repairing, renewing, or restoring to true condition: The project will consist of indoor and exterior renovation and rehabilitation to improve the college's infrastructure.
The roots of maintenance talk to renovation and doing something once more — it's from the Latin re- for "again" and ovary which means that, "make new.” A rundown building is in want of preservation, or a website it is being redesigned is underneath renovation. After protection, things look new and improved.
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sam walton wanted walmart to keep costs low, thereform, as an exampel to others, he dreove hsi own car and furinished his office
Sam launched the first Walmart in 1962 in Rogers, Arkansas, at the age of 44. He was motivated by the early success of his dime shop and the desire to provide even greater opportunity and value to his consumers.
Sam Walton, whose full name is Samuel Moore Walton, was an American businessman who started Walmart in 1962 and made it the biggest chain of retail stores in the country by 1990. He was born on March 29, 1918, in Kingfisher, Oklahoma, and passed away on April 5, 1992, in Little Rock, Arkansas. Death. Walton passed away from multiple myeloma, a kind of blood cancer, on Sunday, April 5, 1992 (three months before Walmart celebrated its thirtieth anniversary). motivated He was born in Little Rock, Arkansas. He did not offer his goods for sale at market rates since he had discovered suppliers who were less expensive than Butler Brothers. Instead, he offered his products at a discount, passed along the savings to the customer, and based his profit on volume rather than margin. It was, as Walton himself said, "simple enough." Wal-passionate Mart's and hardworking workforce was one of the main contributors to its success. Due to Wal-stock Mart's purchase program, these employees' wealth was closely correlated with the stock's market value, establishing a direct link between growth and its impact on stock price and business morale.
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the producer or supplier will bear more of the burden of a tax than the consumer if demand is which of the following
The burden of a tax will fall more on producers than on consumers when demand is more elastic than supply. Consumers will share one-third of the tax burden and producers will suffer two-thirds of the tax burden, for instance, if demand is twice as elastic as supply.
The relative price elasticity of supply and demand determines the tax incidence. The majority of the tax burden falls on consumers when supply is more elastic than demand. The majority of the tax burden falls on the producers when demand is more elastic than supply consumers The less elastic the demand and supply are, the higher the tax revenue.
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Candle box inc. is going to elect six board members next month. betty brown owns 17.4 percent of the total shares outstanding. how confident can she be of having one of her candidate friends elected under the cumulative voting rule? will her friend be elected for certain if the voting procedure is changed to the staggering rule, under which shareholders vote on two board members at a time?
Betty's friend chance be of being elected under the cumulative rule is high whereas her chances when the staggering rule is adopted are very slim
What is cumulative voting rule?
Cumulative voting rule is a rule that applies to the process of voting in board members in corporations that allow stockholders to vote proportionately to the number of shares they hold, in essence, a stockholder with 1,000 shares of the company can cast 1,000 votes toward any single issue or candidate.
% required to vote in her candidate=1/(1+N)
1 refers to her candidate
N=number of board members to be elected=6
% required to vote in her candidate=1/(1+6)=14.3%
The fact that Betty has 17.4% shareholding in the company, which is greater than the required shareholding of 14.3% required to ensure her candidate success means that her friend will be elected
% required for staggering rule=1/(1+N)
1 refers to her candidate
N=number of candidates that can be elected at a time=2
% required for staggering rule=1/(1+2)=33.3%
33.3% shareholding is needed to ensure her candidate success under the staggering rule, hence, her friend may not likely be elected.
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Olivia has taken out a $13,100 unsubsidized stafford loan to pay for her college education. she plans to graduate in four years. the loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. by the time olivia graduates, how much greater will the amount of interest capitalized be than the minimum amount that olivia could pay to prevent interest capitalization? round all dollar values to the nearest cent. a. $654.45 b. $477.27 c. $995.60 d. $354.22 please select the best answer from the choices provided a b c d
Answer:
a or 654.45
Explanation:
edge 2023
Select a product. It can be real or made up. Give your good or service a name and a price in U.S. dollars. Identify the market type for your product (pure/perfect competition, monopolistic competition, oligopoly, monopoly).
Draw a marginal analysis graph. Title it the market for the product you chose. Label the axes, the marginal cost curve (MC), the marginal revenue curve (MR), and the profit-maximizing quantity (Qpm). You do not need to use real numbers.
Answer the reflection questions in complete sentences:
What is your product and its price? What type of market does your product exist in?
Why is the marginal cost curve the same basic shape, no matter the product?
At the profit-maximizing quantity, is the price of your product equal to, higher than, or lower than marginal cost? Explain.
Assume Qpm is 100 units. What is your total revenue?
Why would an already-successful business owner conduct a marginal cost analysis for their product?
Submit your work. This includes your graph image file and separate text responses to the questions.
Tools to Create and Submit Graphs
The four main types of markets are as follows:-
1. Perfect Competition
2.Monopolistic competition,
3.Oligopoly
4. Straight Competition
Briefing:-What is the Marginal Cost?The cost difference between producing one more product or serving one more customer is known as the marginal cost. It is sometimes referred to as an incremental expense.
What kind of market or product is it?Convenience goods, shopping goods, specialty goods, and unsought goods are the four categories of items, and each is categorized based on consumer preferences, pricing, and product features.
What kind of market are you?A market type is a method that a certain group of consumers and producers interact, based on the context established by the degree to which consumers are prepared to comprehend the product, its complexity, the size of the current market, and the possibility for future market growth.
Is the cost of your product equal to, higher than, or lower than the marginal cost at the profit-maximizing quantity? Explain.The product's cost would need to be covered by its price in order to maximize profits.
Profit maximization – what is it?This is how companies are able to reap the most financial rewards from the ventures they take on. This has to deal with all of the strategies that the company would need to employ in order to boost its profit margins.
How can I calculate the entire revenue?Price x Quantity Sold = Total Revenue
Consider a leatherworker who charges $100 for a pair of boots. If he consistently sells 50 pairs each month ($100 x 50 = $5,000), his total revenue is $5,000.
Why would a seasoned entrepreneur analyze the marginal costs of their offering?Business owners can compare the costs and additional advantages of various manufacturing activities using a marginal analysis. An owner can use this analysis to determine whether a particular activity is lucrative and then base a choice on that understanding.
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there is a growing emphasis on strategic supply management processes and less on purchase transactions.
This statement is true. As there is the growing emphasis on the strategic supply management processes and less on the purchase transactions.
Effective interpretation of corporate and supplier objectives, selection of appropriate actions to achieve objectives and integration of inventory information into organizational strategies. hiring professionals trained specifically in supply management, providing them with technical knowledge and long-term leadership development. emphasizing strategic cost management, engaging key suppliers early in the process, and measuring reductions in total cost of ownership. Supply management has evolved from a process-oriented, strategic function to a transactional, tactical function. The reduction in inventory investment comes primarily from users reducing their demand for stocked items. Therefore the statement is true.
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