A company made an error by recording too much revenue. to correct this error, the revenue account should be debited.
The receipts of the money or revenue that the person or firm obtains via their commercial activities are kept in revenue accounts, which are financial accounts.
Sales, service revenues, earned fees, interest revenue, and interest income are a few examples of revenue accounts. As services are rendered and billed, revenue accounts are credited, therefore they often have credit balances.
The income account has a credit balance and is an equity account. Hence, a credit to the revenue T-account results in a rise in the account balance. The enlarged accounting equation demonstrates how revenues raise equity.
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as beth and rob search for a new home, they are interested only in houses built by a particular builder. this purchase is characteristic of a(n) product.
The purchase of a new house built by a particular builder is an characteristic of of product-oriented purchasing.
Product-oriented purchasing type of buying behavior is more focused on the characteristics of the product and less focused on the price or brand. The buyer will usually do research to determine which product is best suited to their needs, and they may choose that particular builder due to their reputation for quality construction.
Product-oriented purchasers are often willing to pay more in order to get exactly what they want. Beth and Rob's decision to buy a house only from a certain builder exemplifies this kind of buying behavior, as they are sacrificing potential cost savings in favor of getting a house that meets their expectations in terms of its construction quality.
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the financial ratios that measure a firm's ability to pay its short-term debts by turning short-term assets into cash are called: a. equity ratios. b. liquidity ratios. c. leverage ratios. d. profitability ratios.
The financial ratios that measure a firm's ability to pay its short-term debts by turning short-term assets into cash are called b) liquidity ratios.
Liquidity ratios are financial ratios that measure a company's ability to meet short-term obligations by converting short-term assets into cash. These ratios are important indicators of a company's financial health and its ability to manage cash flow.
Common liquidity ratios include the current ratio, quick ratio, and cash ratio. By analyzing a company's liquidity ratios, investors and creditors can evaluate its ability to meet short-term obligations and make informed decisions about investing or lending to the company.
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which of these accurately describes an advantage of selling bonds to raise long-term capital? a. interest is not a legal obligation. b. interest is a tax-deductible expense. c. face value is not repaid. d. bondholders have voting rights.
An advantage of selling bonds to raise long-term capital is that "interest is a tax-deductible expense". The accurate option is b. Interest is a tax-deductible expense.
Selling bonds to raise long-term capital is advantageous because it helps the company raise funds for the long term. Bonds are an excellent method to raise capital since they allow the issuer to borrow funds without sacrificing ownership. There are several advantages of selling bonds to raise long-term capital, and one of these advantages is that interest is a tax-deductible expense.
In many cases, bond interest is tax-deductible, which means the issuer can deduct the interest payment from its taxable income, lowering its overall tax bill. This reduces the actual cost of borrowing funds through bond issuances. Companies can save money in taxes if the interest paid on the bond is tax-deductible. As a result, this alternative is very attractive to firms because they can save money and manage their financial resources better.
The accurate option is b.
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what name is given to an event that simultaneously creates large losses in several lines of insurance?
The event that simultaneously creates large losses in several lines of insurance is called a catastrophes.
What is a catastrophe in insurance?A catastrophe in insurance is an event that creates a significant amount of damage to property and therefore triggers a wide variety of insurance claims that can be resolved with the help of an insurance policy. Insurance companies use several lines of insurance to deal with a broad range of hazards.
Natural disasters, such as hurricanes, earthquakes, and floods, are examples of such catastrophes. When several claims of this kind are made at the same time, it is known as a catastrophe, and it can be incredibly costly for insurance providers. Catastrophe insurance is coverage that provides financial protection against such situations.
Catastrophe coverage is often only available on a reinsurance basis since the risk of such an event is so high that it is beyond the capacity of individual insurance companies to handle.
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if no further deposits or withdrawals are made to the account, what is the value of the account when she reaches age 65?
Without additional deposits or withdrawals, we cannot determine the value of the account when she reaches age 65 as it depends on the initial deposit, interest rate, and any compounding over time.
The value of the account at age 65 will depend on the initial conditions and market fluctuations over time. The value of an account at age 65 will depend on the initial conditions, such as the amount of the initial deposit, the interest rate, and the frequency of compounding.
If someone started with a higher deposit and a higher interest rate, the account would grow faster and have a higher value at age 65. However, market fluctuations can also impact the value of the account over time. Economic conditions, such as inflation and changes in interest rates, can affect the account's growth rate and overall value.
Additionally, any investment decisions made by the account holder can also impact the account's value. For example, if the account is invested in stocks and the market experiences a downturn, the account's value may decrease.
Ultimately, the value of the account at age 65 will depend on a combination of the initial conditions and market fluctuations over time.
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when oligopoly firms collude to raise prices, group of answer choices each firm benefits, but society loses. both the colluding firms and society benefit. everyone is eventually a loser. only the price leader benefits while other firms and society lose.
When oligopoly firms collude to raise prices, each firm benefits, but society loses. The correct answer is "each firm benefits, but society loses".
An oligopoly is a market in which a small number of companies dominates the market, each of which has significant market power. The practice of firms working together in an oligopoly market is known as collusion. Colluding firms will be able to maintain market stability, which is in their best interests.
The oligopoly members will, therefore, be less competitive and may potentially earn more significant profits. A united front, by definition, has more power than individual businesses. This allows them to dominate the market by dictating prices and controlling production, which allows them to increase prices as they see fit.
Oligopolistic price-fixing has a harmful impact on society since it raises prices, lowers output, and reduces welfare because when businesses artificially increase prices, consumers may pay more than they would in a competitive market. As a result, society loses as a whole because the increase in prices benefits the oligopoly members while hurting the rest of the market.
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a(n) boycott encourages union members and the general public not to do business with a company directly engaged in a labor dispute.
A primary boycott encourages union members and the general public not to do business with a company directly engaged in a labor dispute.
The aim of a primary boycott is to put economic pressure on the company and force it to negotiate with the union or workers involved in the labor dispute.
A primary boycott can take different forms, such as picketing, public protests, or social media campaigns. It can also involve calls for consumers to avoid purchasing products or services from the company in question, or to support alternative products or services offered by competitors.
Primary boycotts are often used as a tactic by labor unions or workers to achieve their demands, as they can have a significant impact on a company's bottom line and reputation. However, primary boycotts can also be controversial, as they can negatively affect the livelihoods of workers and suppliers who are not directly involved in the labor dispute.
In conclusion, a primary boycott is a type of boycott that aims to put economic pressure on a company directly engaged in a labor dispute, by encouraging union members and the general public not to do business with the company.
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which account is not an example of an accrued liability that must be adjusted at the end of the period? answer unselected accounts payable unselected sales tax payable unselected interest payable unselected wages payable
The account that is not an example of an accrued liability that must be adjusted at the end of the period is "accounts payable".
Accounts payable is a current liability account that records the amount owed to suppliers for goods or services received but not yet paid for. Accrued liabilities, on the other hand, refer to expenses that have been incurred but not yet paid or recorded in the accounts, such as wages payable, interest payable, and sales tax payable.
These accrued liabilities must be adjusted at the end of the period to reflect the correct amount of expenses and liabilities on the company's financial statements.
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what california case helped define the level of responsibility that real estate professionals and sellers have when it comes to disclosure of material facts?
The California case that helped define the level of responsibility that real estate professionals and sellers have when it comes to disclosure of material facts is the Easton v. Strassburger case.
In the Easton v. Strassburger case, the California Supreme Court held that sellers and their agents have a duty to disclose all material facts that could affect a buyer's decision to purchase a property.
This duty extends beyond the scope of the seller's knowledge and requires the seller and their agent to conduct a reasonable inspection of the property to discover any material defects.
The court also held that this duty exists even if the buyer does not ask specific questions about the property. This case has had a significant impact on the real estate industry and has helped to establish clear guidelines for the disclosure of material facts in real estate transactions.
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after studying the political economy of modern germany, fran concludes that we must consider the world capitalist economy as a single unit instead of looking at individual countries. her view is best described by what theory or set of theories? quilzet
Fran's view is best described by the theory of globalization, which considers the world capitalist economy as a single unit and emphasizes the interconnectedness and interdependence of countries in the global economy.
The theory of globalisation best describes Fran's viewpoint that we must regard the world capitalist economy as a unique unit rather than individual nations. Globalization emphasises the interconnectedness and interdependence of nations in the global economy, where the cross-border movement of products, services, money, and information forms a global network.
According to this theory, national economies are affected by global economic forces, and national policies and choices can have global consequences. As a result, studying contemporary economies necessitates a global viewpoint that takes into account the effect of global economic forces on individual countries and vice versa.
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which of the following are reasons the united states is considered currency area? check all that apply. flexibility of prices and wages limited use of fiscal policy an automatic mechanism for transferring fiscal resources across borders a single monetary policy that is equally effective across borders
The reasons the United States is considered a currency area b. limited use of fiscal policy and d. a single monetary policy that is equally effective across borders
The Fiscal Policy is the government's strategy for using prudent taxation and expenditure to achieve economic objectives. Currency regions have a restricted use of fiscal policy as one of their traits. The policy is set at the government level in the United States and is not frequently used to resolve regional economic disparities. Instead, to address the economy, the nation uses a singular monetary strategy.
Currency areas have a singular monetary policy that is similarly efficient across borders. The Federal Reserve in the United States establishes a single monetary strategy for the complete nation. This ensures that monetary policy is effective in keeping stable economic conditions across the nation by ensuring that interest rates and other monetary policy instruments are implemented consistently across regions.
Complete Question:
which of the following are reasons the united states is considered a currency area?
a. flexibility of prices and wages
b. limited use of fiscal policy
c. an automatic mechanism for transferring fiscal resources across borders
d. a single monetary policy that is equally effective across borders
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what is a characteristic of people from high uncertainty avoidance cultures? multiple choice they show less resistance to change and less desire to establish rules that dictate behavior. they develop trust quickly with people from other groups. they often stress orderliness and consistency, even if it means sacrificing experimentation and innovation. they tend to expect informality in most interpersonal business interactions. they tend to be extremely informal in their actions.
The characteristic of people from high uncertainty avoidance cultures is they often stress orderliness and consistency, even if it means sacrificing experimentation and innovation. Option B
They often stress orderliness and consistency, even if it means sacrificing experimentation and innovation is a characteristic of people from high uncertainty avoidance cultures. This means that they are more likely to prefer clear and established rules and procedures in order to feel more secure and avoid potential risks or uncertainties. As a result, they may resist change and be hesitant to try new ideas or methods. This can sometimes limit their creativity and innovation in certain areas.
In addition, people from high uncertainty avoidance cultures may also value predictability and stability in their personal and professional lives. They may prefer to work in structured environments where they know what is expected of them and what the rules are. They may also tend to avoid ambiguity or situations where there is a lack of clarity or certainty.
Overall, understanding the characteristics of people from different cultures can be important for effective communication and collaboration in today's globalized world. By recognizing and respecting cultural differences, we can build stronger relationships and work together more effectively towards shared goals. Therefore option B is correct.
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firms that follow a broad- or focused-differentiation generic competitive strategy need make sure that they are constantly on the lookout for find ways to reduce their cost drivers. group of answer choices true false
The given statement "Firms that follow a broad- or focused-differentiation generic competitive strategy need to make sure that they are constantly on the lookout for ways to reduce their cost drivers" is true because differentiation strategies involve adding unique features to products or services, which can result in higher costs.
Therefore, firms need to ensure that they are finding ways to minimize their cost drivers to maintain profitability while differentiating themselves from competitors.
A differentiation strategy can be effective in creating a competitive advantage, but it can also increase costs due to the unique features added to the product or service. To maintain profitability, firms need to identify ways to reduce their cost drivers while still differentiating themselves from competitors.
This can include finding more cost-effective ways to produce the unique features or finding ways to reduce overhead costs. By constantly seeking ways to minimize cost drivers, firms can maintain their differentiation strategy while still achieving profitability.
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each firm in a monopolistically competitive industry faces a downward-sloping demand curve because group of answer choices the firm faces the threat of entry into the market by new firms the firm's product is different from those offered by other firms in the market there are very few other sellers in the market there are many other sellers in the market
Each firm in a monopolistically competitive industry faces a downward-sloping demand curve because its product is different from those offered by other firms in the market.
When it comes to monopolistic competition, the firm's product is different from those offered by other firms in the market.
Monopolistic competition is a form of imperfect competition in which numerous competing producers sell goods that are differentiated from one another (e.g., by branding or quality) and hence are not perfect substitutes. a firm faces a downward-sloping demand curve because its product is different from those offered by other firms in the market.
The degree of differentiation between the goods offered by competing producers varies depending on the industry and the goods in question. Thus, in some industries, the goods offered by competing producers may be highly differentiated and hence not viewed as perfect substitutes (e.g., restaurant meals), while in others they may be highly substitutable (e.g., gasoline).
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perpetual annuities refers to an organization making an investment to generate an annuity for an infinite period. true or false?
The given statement, "perpetual annuities refers to an organization making an investment to generate an annuity for an infinite period" is true. Perpetual annuities are investments made by a company to produce annuities for an endless time.
Perpetual annuities refer to an organization investing to generate an annuity for an infinite period. It is a type of investment that provides a fixed income stream to the investor for an indefinite period, unlike a period of certain annuity which only provides income for a specified period.
An annuity is a contract that you have with an insurance provider that calls for regular payments to be made by the insurer to you, either now or in the future. Either a single payment or a series of payments is required to purchase an annuity. In a similar vein, you may receive your payoff in a single lump sum or throughout several payments.
Thus the given statement is True.
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power centers are shopping centers that have an open-air configuration of specialty stores, entertainment, and restaurants, with design ambience and amenities such as fountains and street furniture. true false
The given statement, Power centers are shopping centers that have an open-air configuration of specialty stores, entertainment, and restaurants, with design ambience and amenities such as fountains and street furniture is true.
Power centers are a type of retail shopping center that is known for their open-air configuration of specialty stores, entertainment, and restaurants. They are typically located in suburban areas and have a large parking lot, often with spaces for hundreds or thousands of cars.
The term "power center" comes from the fact that these shopping centers are typically anchored by one or more large "power" retailers, such as Walmart, Target, or Home Depot. These anchor stores are usually located at opposite ends of the shopping center, with smaller specialty stores and restaurants filling in the space between them.
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the point at which it is no longer advantageous to buy in bulk is known as marginalcost.tipping.benefit.error.
The point at which it is no longer advantageous to buy in bulk is known as the tipping point. Here option B is the correct answer.
The tipping point is the point at which the cost of buying in bulk no longer provides a significant cost advantage over buying smaller quantities. Beyond this point, the cost savings from bulk purchasing may be outweighed by other costs, such as storage, inventory management, or waste disposal.
For example, a business may find that it is more cost-effective to buy a larger quantity of raw materials or inventory to take advantage of bulk discounts. However, if the cost of storing and managing that inventory becomes too high, the business may reach a tipping point where it is no longer advantageous to continue buying in bulk.
Determining the tipping point can be important for businesses to optimize their purchasing and inventory management strategies. By finding the right balance between bulk purchasing and other costs, businesses can reduce their overall costs and improve their profitability.
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Complete question:
The point at which it is no longer advantageous to buy in bulk is known as
A - marginal cost
B - tipping
C - benefit
D - error.
you find a zero coupon bond with a par value of $25,000 and 18 years to maturity. if the yield to maturity on this bond is 3.9 percent, what is the dollar price of the bond? assume semiannual compounding periods.
The dollar price of the bond is $13,871.61.
To calculate the dollar price of a zero coupon bond, we need to use the following formula:
Dollar price = Par value / [tex](1+r/n)^{(n* years to maturity )}[/tex]
Where r is the yield to maturity, n is the number of compounding periods per year, and years to maturity is the time until the bond matures.
In this case, the par value of the bond is $25,000, the yield to maturity is 3.9%, and there are 36 semiannual compounding periods (18 years x 2). Plugging these values into the formula, we get:
Dollar price = $25,000 / [tex](1+0.039/2)^{(2*18)}[/tex]
= $25,000 / [tex](1.0195)^{36}[/tex]
= $25,000 / 1.8013
= $13,871.61
Therefore, the dollar price of the bond is $13,871.61.
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total cost of goods manufactured represents the cost of all work on all products during the period true or false
The given statement "total cost of goods manufactured represents the cost of all work on all products during the period" is True because TCGM includes all direct and indirect costs.
The total cost of goods manufactured (TCGM) represents the total cost incurred by a manufacturer during a period to produce the finished goods that are ready for sale. TCGM includes all direct and indirect costs incurred during the manufacturing process, including labor, raw materials, manufacturing overheads, and other expenses.
The TCGM is calculated by adding the beginning inventory of work in progress to the total manufacturing costs incurred during the period and then subtracting the ending inventory of work in progress. This calculation provides the total cost of goods that were completed during the period.
The TCGM is an important measure of a manufacturer's efficiency and profitability. It reflects the total amount spent to produce the finished goods, including all direct and indirect costs, and is used in calculating the cost of goods sold (COGS).
The COGS is then used to calculate the gross profit, which is the difference between sales revenue and the cost of goods sold.
Overall, the TCGM is a crucial component of a manufacturer's financial statements, providing insights into the cost structure of the business and enabling comparisons with industry benchmarks.
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other things equal, relatively poor countries tend to grow group of answer choices slower than relatively rich countries; this is called the poverty trap. slower than relatively rich countries; this is called the fall-behind effect. faster than relatively rich countries; this is called the catch-up effect. faster than relatively rich countries; this is called the production function.
Other things equal, relatively poor countries tend to grow faster than relatively rich countries; this is called the catch-up effect. The catch-up effect is a phenomenon where poorer countries with lower levels of economic development and productivity grow at a faster rate compared to more developed countries.
This is because they can take advantage of existing knowledge, technology, and capital from richer countries to boost their growth.Here is a step-by-step explanation of the catch-up effect:1. Relatively poor countries start with a lower level of economic development and productivity compared to richer countries. This means that they have more room for growth and improvements. 2. Poor countries can adopt and adapt existing technology and knowledge from richer countries. They do not need to spend time and resources on research and development, as they can simply utilize the available information and technology to enhance their economic growth.
3. Foreign investments and trade can also facilitate the catch-up effect. Richer countries may invest in poorer countries to take advantage of lower production costs, which can further contribute to the growth of the less-developed countries.4. As the relatively poor countries catch up, they experience higher rates of economic growth. This results in an increase in their productivity and living standards, reducing the gap between rich and poor countries.
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the below table shows the corn markets in mexico and the us. what is the equilibrium world price assuming a simple model of two countries only?
The equilibrium world price is $28 per bushel.
In the table, we have four different price levels ($15, $28, $37, and $45) and the corresponding quantities supplied and demanded by both countries at each price level. We can use this information to create a world supply and demand schedule as shown in the previous answer.
Once we have the world supply and demand schedule, we can plot the data on a graph as shown. The demand curve represents the quantity of corn that buyers in the world market are willing to purchase at each price level, while the supply curve represents the quantity of corn that sellers in the world market are willing to sell at each price level.
The equilibrium price is where the demand curve and supply curve intersect. In this case, the equilibrium price is around $28, where the quantity of corn demanded by the world market equals the quantity of corn supplied by the world market. Therefore, the equilibrium world price of corn assuming a simple model of two countries only is approximately $28 USD.
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where is the remeasurement gain or loss reported in the parent company's financial statements? group of answer choices other comprehensive income. net income/loss in the income statement. cumulative translation adjustment as a deferred asset. retained earnings. cumulative translation adjustment as a deferred liability.
Where the remeasurement gain or loss is reported in the parent company's financial statements is A. Other Comprehensive Income.
A financial statement is a formal record of the financial activities and position of a business or entity, including the balance sheet, income statement, and cash flow statement. Meanwhile, net income/loss is the amount of money a company has earned or lost during a given period, calculated by subtracting expenses from revenues.
The answer choices:
a. Other Comprehensive Income: This is where the remeasurement gain or loss is reported. It includes gains and losses that are not part of the net income/loss but are still important for understanding a company's financial health.
b. Net Income/Loss in the Income Statement: This choice is incorrect because remeasurement gains and losses are not part of the net income/loss.
c. Cumulative Translation Adjustment as a Deferred Asset: This choice is also incorrect because remeasurement gains and losses are not deferred assets.
d. Retained Earnings: This choice is incorrect because remeasurement gains and losses do not directly affect retained earnings.
e. Cumulative Translation Adjustment as a Deferred Liability: This choice is incorrect because remeasurement gains and losses are not deferred liabilities.
In conclusion, the correct answer is A. Other Comprehensive Income, which is where the remeasurement gain or loss is reported in the parent company's financial statements.
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what does conpast stand for? group of answer choices room contribution per average seat time room contract per available sale team space's contribution per available space-time space's contract per available season time
ConPAST stand for "Room Contribution Per Average Seat Time."
About ConPASTConPAST is a hotel industry acronym that stands for "Contribution Per Available Seat Time." It is used to calculate the profit contribution made by a hotel room in a given time period. The formula is as follows:
ConPAST = Room Revenue / (Number of Available Rooms x Average Length of Stay)
It is important for hotels to calculate ConPAST as it helps them to understand the profitability of their rooms.
The calculation takes into account the revenue generated by each room and the length of time it is occupied. By knowing the ConPAST, hotels can make informed decisions about pricing and marketing strategies.
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buddy aviation, inc. (bud) announces that it has invented an aircraft engine that runs on water (h2o) and gets 200 miles per gallon per engine (using water as fuel!). the next day, the value of bud in the stock markets goes from $11 per share to $150 per share...and the price remains near $150 for many years following the announcement. this type of reaction in the market to the announcement by bud is best described as
The reaction in the market to the announcement by Bud Aviation, Inc. is best described as a speculative bubble
The reaction in the market to the announcement by Bud Aviation, Inc. is an example of a speculative bubble. The sudden increase in the company's stock price from $11 to $150 per share is not supported by the company's current financial performance or any tangible evidence that the new invention will be successful.
In a speculative bubble, investors buy stocks or other assets based on the expectation of future price increases, rather than the intrinsic value of the company or asset. This can lead to overvaluation and a sudden crash in prices when the bubble bursts. While it is possible that Bud Aviation's new invention could be successful, the dramatic increase in the stock price suggests that investors are overestimating the potential profits and underestimating the risks involved.
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a company that is able to keep enough parts available to manufacture its products without having too many left over is probably relying on a
A supply chain system is most likely used by a company that can keep enough parts on hand to manufacture its products without having too many left over.
What exactly is a supply chain system?The supply chain is the networked path that building materials, components, and successfully completed goods travel before being arranged and sold to customers.
A supply chain is a network of people and companies responsible for the development and shipping of an item to a customer. The system begins with the raw material producers and ends when the van delivers the finished piece to the final customer.
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a company that is able to keep enough parts available to manufacture its products without having too many left over is probably relying on a
a. supply chain
b. social media campaign
c. just in time
d. direct marketing manager
what if you have a library book that is not lost and give it back, will you get fees if it is overdue
If you have a library book that is not lost and give it back. Yes, you will be charged fees if you return a library book that is overdue.
Overdue fees are a way for libraries to ensure that their materials are returned on time, so that other patrons can have access to them as well. However, the amount of the fee varies from library to library, and some may even have a grace period before the fee is assessed. The consequence of returning an overdue book to the library, if you return a book that is overdue, you will be charged a fee by the library. The amount of the fee varies from library to library, but it is generally a small amount per day that the book is overdue.
The purpose of this fee is to encourage patrons to return library materials on time, so that others may have access to them as well. Some libraries may have a grace period before the fee is assessed, so it is important to check with your local library to see what their policies are. If you have a library book that is not lost and give it back. Yes, you will be charged fees if you return a library book that is overdue.
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from the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left. each time you match two items, pause and think: do the two items you linked make sense when put together based on what you learned in this course?
The total amount of goods and services consumers are willing and able to purchase at a given price matches with the option J. Demand.
Here are the other statements with their matches:
Positive or direct relationship between price and quantity supplied, ceteris paribus: Option I. The Law of Supply
Where buyers' and sellers' plans are in balance or in agreement: Option E. Equilibrium
A rise in income brings a decrease in demand: Option L. Inferior good
An increase in the price of X leads to a decline in demand for Y: Option M. Substitutes
Quantity supplied: Option H. Quantity supplied
The area below the demand curve and above the market price: Option G. Consumer surplus
Price ceiling set below equilibrium: Option P. An example of price floor
Minimum wage: Option P. An example of price floor
Natural disaster: Option B. No effect on the market (unless it affects the supply or demand factors)
Ceteris paribus is where all other things being equal or constant" and not a specific economic concept but can be temporarily used for F. Quantity demanded.
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The complete question is:
From the list on the number coloum select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the alphabet column.
1. The total amount of goods and services consumers are willing and able to purchase at a given price. Other things remaining the same or other things being equal
2. Positive or direct relationship between price and quantity supplied, ceteris paribus
3.Where buyers' and sellers' plans are in balance or in agreement
4. A rise in income brings a decrease in demand
5. An increase in the price of X leads to a decline in demand for Y H. Quantity supplied
6. The area below the demand curve and above the market price
7. Price ceiling set below equilibrium
8. Minimum wage
9. Natural disaster
A.Shortage
B. No effect on the market
C. Ceteris paribus
D. Complements
E. Equilibrium
F. Quantity demanded
G. Consumer surplus
I. The Law of Supply
J. Demand
K. The Law of Demand
L. Inferior good
M. Substitutes
N. Producer surplus
O. Supply curve shifts to the left
P. An example of price floor
Q. Normal good
shelton company purchased a parcel of land six years ago for $862,500. at that time, the firm invested $134,000 in grading the site so that it would be usable. since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $48,500 a year. the company is now considering building a warehouse on the site as the rental lease is expiring. the current value of the land is $914,000. what value should be included in the initial cost of the warehouse project for the use of this land?
The value that should be included in the warehouse project's initial cost for using this land is $914,000.
For the purpose of calculating the original cost of the storage project, we take into account both the current land value, which represents an opportunity cost, and the land value that was bought for $862,500 six years ago, which represents a lost cost that cannot be recovered at the moment. Because the lease term will shortly come to an end, both this fixed cost and the lease cost are irrelevant.
All additional material is irrelevant and will be disregarded. It should be mentioned that knowing the initial costs incurred by an organisation is essential to determining the price that will be charged for a specific product. The property is currently worth $914,000. Therefore, $914,000 should be deducted from the original cost of the warehouse endeavor for the worth of using this land.
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describe briefly the changes happening in the us workforce, according to peter drucker, and what is causing the changes.
According to peter Drucker US work force, and the causes of the changes is identified that globalization.
According to Drucker, the changes in the US workforce are being driven by several factors. One of the most significant is technological change, which has led to the automation of many routine tasks and the emergence of new industries such as information technology and biotechnology.
Another factor driving the changes in the US workforce is globalization, which has increased competition for jobs and placed pressure on US companies to become more efficient and productive.
Finally, demographic changes such as an aging population and increasing diversity have also contributed to the changes in the US workforce. As the baby boomer generation retires, there is a need for new workers to fill the gaps in the workforce.
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supppose the probability of an irs audit is 2.9 percentof us tax payers who file form 1040 and who earned $100,000.00 or more. what are the odds that the tax payer will be audited?
For U.S. taxpayers who submit form 1040 and who earned $100,000 or more, the likelihood of an IRS audit is 2.9%.
For US taxpayers who submit form 1040 and made $100,000 or more, the likelihood of an IRS audit is 97.1%.
You would take the probability (2.9%) and divide it by 100 to get a decimal, then use that decimal to symbolise the odds as a ratio to determine the likelihood that such a taxpayer will be audited.
The chances would then be 0.029:1.
This amounts to 2.9%.
You would take 100 (the total number of outcomes that could occur) and deduct the likelihood that the event would occur in order to calculate the chances against such a taxpayer being audited.
= 100 - (2.9%)\s= 97.1%
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