Answer: price will increase, increasing profit, prompting new firms to begin producing output.
Explanation:
If competitive industry faces an increase in demand that is, the demand curve shifts upward, this will lead to.a increase in the price of the food or service.
As a result of the fact that there is an increase in price coupled with the increase in demand that resulted in the rice in price, then the profit will increase. This will prompt new firms to begin producing output.
what are the types of budget
Answer:
Master budget: This is a type of budget where all the other budgets are aggregated.
Operating budget: This budget is used to cover operational costs.
Cash budget: As the name implies, it is used mainly for cash estimates.
Financial budget: Used for all financial transactions.
Labor budget: It is used to estimate what the labor cost will be.
Static budget: This type of budget is static and doesn't change.
Allied In. bought a two-year insurance policy on August 1st for $3,600. What's the adjusting journal entry on December 31st?
Answer:
1. Debit Insurance Expense- $500 Credit Prepaid Insurance $500
2. $160 Beginning...
Income Summary has a credit balance of $12,000 after closing revenues and expenses. The entry to close Income Summary is credit Income Summary $12,000, debit the Dividends account $12,000. credit Income Summary $12,000, debit the Retained Earnings account $12,000. debit Income Summary $12,000, credit the Retained Earnings account $12,000. debit Income Summary $12,000, credit the Dividends account $12,000.
Answer:
debit Income Summary $12,000; credit Retained Earnings $12,000.
Explanation:
Based on the information given The entry to close Income Summary is:
Debit Income Summary $12,000
Credit Retained Earnings $12,000
(To close Income Summary)
Corporate HR for Corner Bookstores knows that sexual harassment in the workplace is a serious issue. In order to provide consistency in its effort to train employees about sexual harassment, HR management created a(n) _____________ training program. Employees have a flexible time period when they can log on and receive exactly the same training as employees in all of the Corner Bookstores. Multiple Choice online off-the-job vestibule simulation
Answer:
Online training
Explanation:
eLEARNING:
This is simply said to be electronic learning. It is an umbrella body or term that is used to connotes all types of training, education and instruction that occurs on a digital medium such as computer or mobile device.
ONLINE LEARNING:
This is also called eLearning. it includes any type of learning done on a computer and usually over the Internet.
An inspector should report on vegetation around the home when it may adversely affect the structure due to ____
Answer:
Moisture intrusion
Explanation:
..........
what is the minimum wage per hour in South Africa at
2021?
Answer:
R21,69
Explanation:
Minimum wage is least amount a worker can earn in a particular country according to the legislation of that country.
According to the Employment and Labour minister TW Nxesi, he announced that the National Minimum Wage (NMW) for each ordinary hour worked has increased from R 20,76 to R 21,69 for the year 2021 effective from 01 March 2021.
The NMW legislation came into effect in South Africa on 01 January 2019 at a level of R 20 per hour. In terms of NMW act of 2018, the policy framework is a floor level below which no employee should be paid.
So, the minimum wage in South Africa as at 2021 is R 21,69
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12. All contracts are generally based on
a. Promises to do certain things
b. Agreements between two or more parties
c. Money passing from person to person
d. Buying goods and services
Answer:
B. agreements between two or more parties
Explanation:
if you were to sign a contract for something huge and you were broke the contract before you had finish the time that you had signed whom ever you signed it could end in a law sue and maybe even jail time.
Hope this helps :)
Which will you likely have to provide on college applications?
A. Personal information
B. Career plans
C. Employment history
D. Parent's level of education
What is meant by the term target market?
Answer:
A target market is the set of consumers that a company plans to sell to or reach with marketing activities. A target audience is the group or segment within that target market that is being served advertisements.hope it helps.stay safe healthy and happy...Which of the following statements can correctly be made about illness?
there is no option can you tell option so I can help
XBRL assurance is generally expected to include all of the following except: Multiple Choice Assurance that the most current, standardized XBRL taxonomy is used. Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable. Assurance that the XBRL tagging is accurate and complete. Assurance that reports include all relevant financial and nonfinancial information.
Answer:
Assurance that reports include all relevant financial and nonfinancial information.
Explanation:
XBRL assurance can be regarded as opinions of auditor on a financial statement or other business report that is published in XBRL, this opinions of the auditors allows to know whether these published report or statement is
complete, relevant or accurate and fairly presented. An XBRL reportcan be regarded as "instance" and it is is an electronic file. It should be noted that XBRL assurance is generally expected to include all of the following
✓Assurance that the XBRL tagging is accurate and complete.
✓Assurance that the most current, standardized XBRL taxonomy is used.
✓Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable.
Acme Corp. is conducting a business impact analysis for the threat of ransomware impacting its organization. The company determines that there is a 1 percent risk of a significant ransomware attack in any given year. Overall annual revenue for the company is valued at $10,000,000 and estimates are that a large ransomware attack would cause approximately $1,000,000 in damage. What is the Estimated Threat Impact (ETI) in this scenario? Group of answer choices $1,000,000 $10,000 $10,000,000 $100,000
Answer: $1,000,000
Explanation:
Risk impact assessment refers to the method of assessing the probabilities of a particular risk and its consequences in case they are realized.
Based on the question, since there's an estimate that a large ransomware attack would cause approximately $1,000,000 in damagez then the estimated threat impact is $1,000,000.
In 2014 the average cost of a four year college is $26,017. How much is a four year college expected to cost in 2034 based on 7% inflation
Answer:
i think the answer is $27,350
Explanation:
i hope it help
Bradley was recently promoted to the production manager of a busy shoe factory. He was chosen because prior to his promotion he had proven himself to be very efficient, and as a department manager he had a logical and practical approach to solving problems. Bradley has a reputation for being decisive and getting things done. Most of the factory's employees like Bradley, but they feel he exercises too much control over them. Bradley has a(n) ________ style. Group of answer choices conceptual behavioral ambiguous directive analytical
Answer:
Option d "Directive" is the correct alternative.
Explanation:
Under this approach, management teams or supervisors should lead the organizational objectives of workers and design the way to reach these objectives.The manner including its directive ensures that perhaps the organization specifically addresses as well as follows the guidelines and restrictions.All other alternatives aren't connected to the scenario. So the above is the right approach.
Morwenna, Inc. reports the following information for August: Sales Revenue $900,000 Variable Cost of Goods Sold 120,000 Fixed Cost of Goods Sold 60,000 Variable Selling and Administrative Costs 150,000 Fixed Selling and Administrative Costs 50,000 Calculate the operating income for August using absorption costing.
Answer:
Net operating income= $520,000
Explanation:
First, we need to calculate the gross profit:
Gross profit= sales revenue - total cost of goods sold
Gross profit= 900,000 - 120,000 - 60,000
Gross profit= 720,000
Now, the net operating income:
Net operating income= gross profit - total Selling and Administrative Costs
Net operating income= 720,000 - 150,000 - 50,000
Net operating income= $520,000
On her first day on the job in the fast food restaurant, Kayla's supervisor spent considerable time with her, explaining procedures and making sure that she knew how to greet customers, fill orders, and operate the cash register. What stage in the leader-member exchange theory does this describe
Answer: Role taking
Explanation:
The leader–member exchange theory simply focuses on the two way relationship that exist between the leaders and the followers.
When a new member joins the organization, it's the responsibility of the leader to assess the talent of the new employee and offer him or her the opportunities to demonstrate their capabilities and explain the functions that the person is expected to perform. This is what Kayla's supervisor is performing.
Consumer surplus is represented by the area _____ the demand curve and _____ the price that the consumer pays.
Answer:
under
above
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
For example, if the willingness to pay for a book is $100 and the price of the book is $50.
Please check the attached image for a diagram showing consumer surplus
Consumer surplus : $100 - $50 = $50
pidgins can best be described as a second language used for restrictive purposes such as trade. True False
Answer:
True
Explanation:
Pidgins can best be described as a second language used for restrictive purposes such as trade.
A department that is evaluated on their success in generating income is a(n): Multiple choice question. asset center cost center investment center profit center
Answer:
profit center
Explanation:
A department that is evaluated on their success in generating income is a profit center. That which evaluates on revenue is a Revenue Centre. Also that which evaluates on utilization of assets is an Investment Centre and so on.
The management of a diverse group of customers with different needs within the same service setting is called:
Answer:
expert customer
Explanation:
Answer:
that would be an expert customer
Bindy, an 18-year-old high school graduate, and Luciana, a 40-year-old college graduate, just purchased identical hot new sports cars. Acme Insurance charges a higher rate to insure Bindy than Luciana. This practice is an example of:
Answer: Price discrimination
Explanation:
Price discrimination refers to a practice where different consumers are charged varying prices based on certain demographic factors.
This practice is very prevalent in insurance due to the various risks that different demographical populations provide. In this instance for instance, the 18 year old is charged higher because young people are known to be more rash when driving owing to them having less experience and being more prone to act impulsively which can lead to accidents.
Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmental. I. Better Business Bureau II. Consumer Product Safety Commission III. Consumers Union IV. Food and Drug Administration a. I and II are governmental; III and IV are not. b. II and III are governmental; I and IV are not. c. II and IV are governmental; I and III are not. d. III and IV are governmental; I and II are not. Please select the best answer from the choices provided A B C D
Answer:
c. II and IV are governmental; I and III are not.
Explanation:
A government agency is usually a permanent organization established by either a state or national government in a federal system. They are established by legislative or executive powers for oversight and administration of specific functions. Examples of government agencies are Food and Drugs Administration (FDA), Consumer Product Safety Commission, Intelligence, Finance and Communications agency.
Non-governmental agency usually referred to as NGOs is a non-profit.
Of the four consumer protection groups listed above, Consumer Product Safety Commission and Food and Drug Administration are governmental; Better Business Bureau and Consumers Union are not.
Answer:
the answer is C
II and IV are governmental; I and III are not.
Explanation:i took the test
The definition of economics states that it is the study of how _________. A. businesses make decisions and how those decisions impact other firms, the government, and consumers. B. the government determines policies, businesses set prices, and consumers choose how much to buy. C. agents choose to allocate scarce resources and the impact of those choices on society. D. money influences the economy in the short run and the long run.
Answer:
C
Explanation:
Agents choose to allocate scarce resources and tge impact of those choices in society
The consumer segment of ______ can be characterized as those who seek safer product alternatives because they want to prevent children from exposure to chemicals in the household.
The consumer segment of naturalite can be characterized as those who seek safer product alternatives because they want to prevent children from exposure to chemicals in the household.
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Answer:
naturalise
Explanation:
The consumer segment of naturalise can be characterized as those who seek safer product alternatives because they want to prevent children from exposure to chemicals in the household.
Jake, the CEO of WinWest Inc., launches a new product. Despite the product's persistent failure, he is unwilling to withdraw it from the market because he believes that the product will be profitable in the long term. This scenario is an example of _____. Group of answer choices path dependency participative decision making risk aversion escalation of commitment
Answer:
The correct answer is the last option: Escalation of commitment.
Explanation:
To begin with, the concept known as "Escalation of commitment" in the field of business management and behavioral science refers to the behavioral pattern that an individual has when it faces against a bad decision or situation and after that the person continues to having the same behavior so therefore it stays believing the same even though the increasingly negative outcome keeps on coming. That is why that in this case presented, Jake believes that at the long term the new product will have success even thought that now only bad numbers have been shown to the company.
generally accepted accounting principles regulated how and what financial information is reported by
Answer:
GAAP PRINCIPLES
Explanation:
1 . Historical Cost Rule
2. Business Entity Rule
3. Materiality principle
4. Matching principle
5. Prudence
6 . Going concern
Applying the lower of cost or market method, the reported value of this company's ending inventory if LCM is applied to individual items is _____.
Answer: $870
Explanation:
Using the lower of cost or market method, the prices the items will be recorded at will be:
Item 1 = $45 market price Item 2 = $60 cost priceItem 3 = $25 market priceThe total inventory will therefore be:
= Total value of item 1 + total value of item 2 + total value of item 3
= (45 * 5) + (60 * 7) + (9 * 30)
= 225 + 420 + 225
= $870
Carfax is an example of a company that sells its products or services directly to its consumers online. Which ebusiness model is Carfax using
Answer:
B2C
Explanation:
Ebuiness model is defined as the strategy that a firm uses to promote its products and services on the internet. Therefore it is referred to as electronics business.
The subgroups of ebusiness includes:
- business to customer (B2C)
- business to business (B2B)
- customer to business (C2B)
- customer to customer (C2C)
Business to customer involves a model where a business sells their goods and services to end users or individual customers.
This is the case in the given scenario where Carfax sells its products or services directly to its consumers online.
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Demand-pull inflation occurs when
the price of goods rises suddenly and extremely fast.
consumers begin purchasing more goods.
producers need more money to make and distribute goods.
the government prints more money and pushes prices up.
Answer:
The production and transport of good and service are high and rises than the demand pull inflation occurs. It may be profitable for any business. Demand pull inflation need cost more but more than that they get profit
Offering direct online sales to consumers while also promoting wholesale and retail sales can result in Multiple select question. cannibalization of retailers' sales. a net loss of sales due to disgruntled dealers. a signal of the company's strong commitment to retailers. channel conflict.
Answer:
cannibalization of retailers' sales.
Explanation:
Salespeople can be defined as a group of individuals or employees who are saddled with the responsibility of taking orders from customers, as well as sales of finished goods and services to consumers or end users.
Offering direct online sales of goods and services to consumers while also promoting wholesale and retail sales can result in cannibalization of retailers' sales because the retailer wouldn't be able to make sales.