Answer:
a. economies of scale.
Explanation:
Local electricity companies generally have natural monopolies resulting from both economies of scale and/or control of natural resources. Economies of scale refers to the average total costs decreasing as the total output generated by the company increases. For example, it is extremely expensive to generate electricity for 1 single home, but the average total cost for generating electricity for 1 million homes is very low. Generally utilities are monopolies because it is very expensive to set and start operating the company, but once it is operating its average costs per consumer are very low.
Two nations, Mars and Venus, each produce food and clothing. The table gives points on each nationâs PPF. The asterisks indicate their current point of production. Which of the following statementsis correct based on the concept of comparative advantage?
Mars Venus
Food Clothing Food Clothing
0 30 0 40
2 24 4 32
4 18 8 24
5 12 12 16
8 6 16 8
10 0 20 0
a. Mars and Venus should continue producing the quantities indicated by the asterisks.
b. Mars should specialize in the production of food.
c. Mars should specialize in the production of clothing.
d.Venus has the comparative advantage in clothing.
e. Mars has an absolute advantage in the production of food.
Answer:
The correct option is;
c. Mars should specialize in the production of clothing
Explanation:
The given table can be presented as follows;
Mars[tex]{}[/tex] [tex]{}[/tex]Venus
Food [tex]{}[/tex] Clothing Food [tex]{}[/tex] Clothing
0 [tex]{}[/tex] 30 0 [tex]{}[/tex] 40
2 [tex]{}[/tex] 24 4 [tex]{}[/tex] 32
4 [tex]{}[/tex] 18 8 [tex]{}[/tex] 24
5 [tex]{}[/tex] 12 12 [tex]{}[/tex] 16
8 [tex]{}[/tex] 6 16 8
10 0 20 [tex]{}[/tex] 0
From the attached chart as produced in Excel, the trend lines and their equation for Mars and Venus can be seen
The relationship between Clothing, y and Food, x production for Mars is given as follows;
y = -3·x + 30
The relationship between Clothing, y and Food, x production for Venus is given as follows;
y = -2·x + 40
Therefore since a given decrease in food production results in a higher increase in Cloth production for Mars than for Venus, Mars should specialize in the production of clothing.
The 2001 ________ Act gives the SEC the authority to bar dishonest corporate directors and officers from ever again serving in positions of corporate responsibility.
Answer:
Sarbanes-Oxley
Explanation:
The Sarbanes-Oxley Act of 2001 came in response to highly publicized corporate financial scandals earlier that decade. The act created strict new rules for accountants, auditors, and corporate officers and imposed more stringent record keeping requirements
Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27,200 on deposit at the close of business on May 31. The May 31 bank statement lists $170 in bank service charges; the company has not yet recorded the cost of these services.Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $28,900 debit balance. The company’s May 31 bank statement shows $27,200 on deposit in the bank.a. The May 31 bank statement included a $170 debit memorandum for bank services; the company has not yet recorded the cost of these services.b. Outstanding checks as of May 31 total $6,300.c. May 31 cash receipts of $6,900 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement.d. In reviewing the bank statement, a $470 check written by Smith Company was mistakenly drawn against Wright’s account.e. A debit memorandum for $460 refers to a $460 NSF check from a customer; the company has not yet recorded this NSF check.Prepare a bank reconciliation for the company using the above information.
Answer and Explanation:
The preparation of bank reconciliation for the company is shown below:-
Wright company
Bank Reconciliation
For the year May 31
Bank statement balance $27,200 Book balance $28,900
Add:
Deposit of May 31 $6,900
Bank error $470
$7,370
Total $34,570
Less:
Outstanding checks $6,300 Bank service charge $170
NSF check $460
$6,300 $630
Adjusted bank balance $28,270 Adjusted book balance $28,270
Consider two points on the production possibilities frontier (PPF): point A, at which there are 50 oranges and 100 apricots, and point B, at which there are 51 oranges and 98 apricots. If the economy is currently at point B, the opportunity cost of moving to point A is
Answer:
1 orange
Explanation:
Here are the options to this question :
b. 1 orange.
c. 98 apricots.
d. 3 oranges.
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all of its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
If the economy moves to point A, it would be giving up
51 - 50 = 1 oranges
The economy is in a recession and the government wants to increase output. If the multiplier equals 3 and the government increases spending by 250, how much will output increase by
Answer:
The answer is 750
Explanation:
When government increases its spending, this increase in spending leads to increases in income for households which cumulatively increase the national income, this effect is known as multiplier effect.
Government has increased its spending by 250 while multiplier effect is 3.
Therefore, output will increase by 750(250 x 3)
You want to increase the relevance of a Google Search Ad so it's more meaningful to potential customers and provides value-added information to their searches. What two actions might improve the relevance of your ad?
Answer:
Selecting only relevant languages in campaign setup.
Selecting distinct geographic areas.
Explanation:
In simple word, a marketing manger would try to make the advertisement campaign to be clear and precise to the target customers and the best way to do so is to make the campaign in the customers own language.
Also, the company should make sure that the message they wants to send to the market can be easily received, thus, they should target their campaign into only those selected regions where there customers resides.
A government's assets include inventory of $2 million, roads constructed for $25 million with accumulated depreciation of $10 million, and equipment acquired for $5 million with accumulated depreciation of $1 million. Its liabilities include an outstanding balance of $5 million for bonds payable issued to construct the roads and a $1 million short-term loan for inventory purchases. What amount should be reported as the net investment in capital assets in the government-wide statement of net position
Answer:
yes
Explanation:
Game Play sells gaming systems and allows customers to mix-and-match individual components when placing a system order. Which type of facilities layout would best serve Game Play's production needs? fixed-position process flexibly product office
Answer:
Process.
Explanation:
Since Game Play sells gaming systems and allows customers to mix-and-match individual components when placing a system order. A process facility layout would best serve Game Play's production needs.
A process facility layout can be defined as the strategic approach or plan which typically involves having the workflow around the production unit.
Generally, in a process facility layout, employees who are having similar job functions or roles are usually grouped together and as such productions are done in phases.
Hence, a customer with preferences to individual components would use a process facility layout.
Because a monopolistic competitor has some monopoly power, advertising to increase that monopoly power makes sense as long as
Answer: the marginal benefit of advertising exceeds the marginal cost of advertising
Explanation: Under a monopolistic competition, there are fewer sellers in the market, and due to the fact that a monopolistic competitor has some monopoly power, advertising to increase that monopoly power makes sense as long as the marginal benefit of advertising exceeds the marginal cost of advertising allowing the monopolist to turn a profit for the business while keeping it relevant for as long as is possible.
SRI International developed Values and Lifestyles (VALS). Such a consumer profile would be helpful for which type of segmentation?
A) demographic
B) occupational
C) psychographic
D) behavioral
E) gender
Answer: C. psychographic segmentation
Explanation:
From the question, we are informed that SRI International developed Values and Lifestyles (VALS). It should be noted that this will l be helpful for psychographic segmentation.
Psychographic segmentation helps to look into the behavior of consumers as it helps us analyze the needs and motives of the users thereby bringing about better communication.
Tang City received land from a donor who stipulated that the land must remain intact, but any income generated from the property may be used for general government services. In which fund should Tang City record the donated land
Answer: permanent
Explanation:
From the question, we are informed that Tang City received land from a donor who stipulated that the land must remain intact, but any income generated from the property may be used for general government services.
Based on the above scenario that have been explained, the donated land should be recorded in the permanent funds.
A typical Keynesian aggregate supply (AS) curve _______________ and a typical Keynesian Phillips curve _____________.
Answer:
1. Slopes upward
2. Slopes downward
Explanation:
Keynesian aggregate supply is an economic model that depicts a curve is upward sloping as a result of low elasticity of wages and prices in the short-run.
On the other hand, the Keynesian Phillips curve is a graphical representation of an economy, whereby there is downward sloping of the curve, which indicates the tradeoff between unemployment and inflation.
Hence, the right answer is a typical Keynesian aggregate supply (AS) curve SLOPES UPWARD and a typical Keynesian Phillips curve SLOPES DOWNWARD
Marketing can best be thought of as a(n)?
Complete Question:
Marketing can best be thought of as a(n)
Group of answer choices
A. profit
B. activity
C. need
D. process
Answer:
D. Process.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers
Hence, marketing can best be thought of as a process.
Generally, marketing comprises of various activities such as creating, communicating, delivering, and exchange of goods and services for a specific amount of money being paid by the customers.
What is one reason that individual producers in a perfectly competitive market have no influence over prices?
Perfectly competitive firms collectively agree on prices.
Perfectly competitive firms must follow governmental price controls that keep prices low.
Perfectly competitive firms have high barriers to entry.
Perfectly competitive firms produce a small amount of a product compared to the total supply
Answer:
Un mercado competitivo es un mercado de competencia perfecta en donde el número de oferentes y demandantes es tan exorbitante que ninguno posee influencia sobre el otro, ninguna de las partes posee poder de mercado y las barreras para la entrada y salida no existen, el costo marginal de cada empresa se iguala al precio y cada empresa vende todas las unidades que desea y puede a ese precio.
Explanation:
s importante recordar que una situación de monopolio -o monopolista- se da cuando existe un único proveedor de un determinado bien o servicio.
Para detectar la presencia de un monopolio en la economía generalmente se recurre a la aplicación de índices económicos de concentración de mercado, dependiendo del criterio que tome el Índice asumimos que existe o no poder monopólico en un determinado mercado, y de existir...qué tan grande es.
Entre los más usados tenemos los siguientes:
El Índice de Herfindahl, el cual para calcularlo se eleva al cuadrado la cuota de mercado que una empresa posea en un determinado sector para saber qué tanto poder de monopolio posee la misma. Entre mayor sea el resultado de dicho índice, mayor será el poder de monopolio, y menos competitivo será el mercado.
Por otro lado, el otro indicador usado para estudiar la presencia o no de monopolios es el Índice de Lerner. Dicho índice consiste en evaluar qué tanto el empresario puede colocar el precio por encima del costo marginal (es decir, lo que le cuesta producirlo), y arrojará un valor que oscilará entre 0 y 1, entre más poder de monopolio posea, el número se acercará más a 1, y más capacidad tendrá de colocar el precio muy por encima de su costo.
Es importante recordar que existen monopolios naturales (concesiones que otorga el Estado para la explotación de un determinado recurso) o que están en manos del Estado, como las fuerzas armadas por ejemplo, o determinados servicios públicos. También comúnmente una característica de presencia de monopolio son los conglomerados empresariales que poseen empresas en determinados rubros y arropan un poder de mercado significativo.
Answer:
Perfectly competitive firms produce a small amount of a product compared to the total supply
Explanation:
one reason that individual producers in a perfectly competitive market have no influence over prices
which strategy specifies the firm's overall direction in terms of its general orientaion toward growth, the industries or markets
Answer: Corporate strategy
Explanation:
Here is the complete question:
Which strategy specifies the firm's overall direction in terms of its general orientation toward growth, the industries or markets in which it competes, and the manner in which it coordinates activities and transfers resources among business units?
A) corporate
B) functional
C) divisional
D) organizational
E) business
Corporate strategy is the strategy that is used to show the overall direction of a company or organization in terms of its general orientaion toward the growth, the industries or markets where it competes.
Finding both parties to a trade who have something the other party wishes to trade for is called a
Answer:
Double coincidence of wants
Explanation:
In a barter system, there has to be double coincidence of wants. This means that both parties to a trade who have something the other party wishes.
For example, if I have fish and I want cereals which i don't have. you want fish but you don't have it but you have cereals. I could give you my fish and you can give me your cereals
Without collaborating, two separate brokers elect to discontinue working one of the local real estate firms. The brokers are guilty of:____
Answer: They are guilty nothing since they are not boycotting collectively but rather individually.
Explanation:
From the question, we are informed that without collaborating, two separate brokers elect to discontinue working one of the local real estate firms.
In this scenario, the brokers are not guilty of anything since their boycott was individually and not a joint decision taken together.
3. Sancho deposits $500 in a bank account today which pays 4 percent interest, compounded annually. The amount of interest Sancho earns in year 4 will be:
Answer:
$84.93
Explanation:
Future value in year 4 =
PV x ( 1 + r)^n
PV = present value = $500
r = 4%
n = 4
$500(1.04)^4 = $584.93
Interest rate = future value - amount invested = $584.93 - $500 = $84.93
which strategy is used by firms that believe increasing colume of sales will help the firm more than increasing profits
Answer:
Sales Orientation
A sole proprietor is personally responsible for all of the businesses debts, and may be legally required to pay off those debts with personal assets.
True
False
Answer:
true
Explanation:
Answer:
true
Explanation:
A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 1,000 units is $2.50. The minimum possible average variable cost is $2.00. The market price of the product is $2.50. To maximize profits or minimize losses, the firm should
Available Options Are:
A. Continue producing 1,000 units
B. Produce less than 1,000 units
C. Produce more than 1,000 units
D. Shut down
Answer:
Option A. Continue producing 1,000 units
Explanation:
The reason is that the maximum number of units that the company can produce is at the level where Marginal Cost becomes equal to the Marginal Revenue. Which means that the number of units the company is producing is at maximum level. Hence it must continue producing 1000 units.
Salt Corporation, a 80%-owned subsidiary of Peanut Corporation, sold inventory items to its parent at a $48,000 profit in 20X2. Peanut resold one-third of this inventory to outside entities. Salt reported net income of $200,000 for 20X2. Non-controlling interest share of consolidated net income that will appear in the income statement for 20X2 is:
Answer:
$33,600
Explanation:
Calculation for the Non-controlling interest share.
Using this formula
Non-controlling interest share=Net income-(Inventory ×One-third of Inventory)× Percentage of Subsidiary
Let plug in the formula
Non-controlling interest share=$200,000-($48,000×2/3)×(100%-80%)
Non-controlling interest share=$200,000-$32,000×20%
Non-controlling interest share=$168,000×20%
Non-controlling interest share=$33,600
Therefore the Non-controlling interest share of consolidated net income that will appear in the income statement for 20X2 is $33,600
The following are examples of economic goods except
a. bottled water
b. air
c. household utensils
d. shelter
Answer:
The following are examples of economic goods except
a. bottled water
b. air ✔c. household utensils
d. shelter
✈How?▶"air" is not a economic goods.It is free to all.
Answer:
The answer is
Explanation:
household utensils. Because they are examples of economic goods.
Hope this helps....
Have a nice day!!!!
Adison Winery had beginning long-term debt of $39,476 and ending long-term debt of $44,875. The beginning and ending total debt balances were $48,835 and $53,888, respectively. The company paid interest of $4,327 during the year. What was the company's cash flow to creditors?
Answer:
The answer is -$1,072
Explanation:
The company's cash flow to creditors is the total amount of money paid to the creditors. It is a cash outflow because money goes out of the company to pay the creditors.
Company's cash flow to creditors = Interest paid - (ending long-term debt - beginning long-term debt)
$4,327 - ($44,875 - $39,476)
$4,327 - $5,399
= -$1,072
Note: The answer is in negative.
Which characteristic of information in the statistical tables included in a comprehensive annual financial report differentiates it from information contained in the financial statements?
Answer: Yes/Yes
Explanation:
The options given are:
Data covering
financial trends ---- Fiscal years
A. Yes ------------------ Yes
B. Yes ------------------ No
C. No ------------------ Yes
D. No ------------------ No
The characteristic of information in the statistical tables included in a comprehensive annual financial report differentiates it from information contained in the financial statements is option A.
Susan is thinking of putting her home up for sale but doesn't want to use a real estate agent. What are her options?
(A) Susan must obtain her real estate license or use a licensed real estate agent to sell her property. She cannot be compensated for the sale of her property unless she is representing another person.
(B) Susan may sell her property herself without obtaining a real estate license. Although she will be compensated for the sale of her home, she is not representing another person.
(C) Susan will be negotiating the purchase price of her home and must be licensed to do so.
(D) Both A and C
Answer:
(B) Susan may sell her property herself without obtaining a real estate license. Although she will be compensated for the sale of her home, she is not representing another person.
Explanation:
Since in the question it is mentioned that the susan is thinking for putting up her home on sale but dont want to use a real estate agent as she wants to represents herself not other person plus she also not providing the service for the another person as she is exempt from the license
So in this given case, the option B is correct
Cain Company’s management engaged Bell, CPA, to audit the effectiveness of Cain’s internal control over financial reporting. Bell’s report, which was accompanied by management’s separate report presenting its written assessment about the effectiveness of internal control, described several material weaknesses and potential errors and fraudulent activities that could occur. Subsequently, management included Bell’s report in its annual report to the board of directors with a statement that the cost of correcting the weaknesses would exceed the benefits. Bell should
Answer:
Disclaim an opinion as to management's cost-benefit statement
Explanation:
In this scenario Bell a CPA was engaged to audit the effectiveness of Cain’s internal control over financial reporting.
After providing a report that stated there are several material weaknesses and potential errors and fraudulent activities that could occur.
Bell has completed his role in this audit by giving an opinion about the effectiveness of Cain's internal control.
The decision on the cost versus benefit of management report is out of his function as an auditor.
So he needs to disclaim to an opinion as to management's cost-benefit statement.
This is management function and not that of the auditor.
Skill development training centre are operating under the ............... department.
a.Labour b. Agricultural c. Irrigation
Answer:
A . Labour
Explanation:
labour department
A stock has a correlation with the market of 0.46. The standard deviation of the market is 29%, and the standard deviation of the stock is 37%. What is the stock's beta?
Answer:
Beta = 0.586896 rounded off to 0.59
Explanation:
A beta is a measure of the systematic risk of the stock. The systematic risk is the risk associated with the stock which cannot be diversified and is due to the market factors. This is why it is also known as the market risk. The beta of a stock can be calculated using the correlation of a stock with the market and the standard deviation of the stock and the market. The formula for beta is,
Beta = Correlation of stock with market * (SD Stock / SD market)
Where,
SD refers to the standard deviationBeta = 0.46 * (0.37 / 0.29)
Beta = 0.586896 rounded off to 0.59
Investment clubs can take advantage of:________
a. breakpoints on mutual fund purchases.
b. cannot take advantage of breakpoints on mutual fund purchases.
c. are permitted to purchase new equity issues at the public offering price (POP).
d. are not permitted to purchase new equity issues at the POP.
Answer:
B & C
Explanation:
Investment club are groups of people that come together in partnership to pool resources to purchase shares , stocks , mutual funds for investment purpose.
They can buy new issues at as they are not considered restricted person under the rules guiding the sales of new shares ,unless a registered representative was a member of an investment club.
However , they are not permitted to take advantage of breakpoints on mutual fund purchases.