When supply increases and supply curve shifts to right, equilibrium price and the equilibrium quantity will decrease.
What is equilibrium price?To achieve equilibrium, which results in stable pricing, market supply and demand must be balanced. In general, prices fall during times of surplus and demand rises; conversely, during times of scarcity, prices rise and demand declines. Price equilibrium occurs when supply and demand are equal. When a major index experiences a phase of consolidation or sideways momentum, it can be claimed that the forces of supply and demand are comparatively equal and the market is in an equilibrium. Researchers have shown that prices often fluctuate in close proximity to the equilibrium levels. If the price rises too much, market forces will push new producers to enter the market.
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0
A cashier distributes change using the maximum number of five-dollar bills, followed by one-dollar bills. Write a single statement that assigns num_ones with the number of distributed one-dollar bills given amount_to_change. Hint: Use %.
Sample output with input: 19
Change for $ 19
3 five dollar bill(s) and 4 one dollar bill(s)
this is how i solved it but am still getting error on some part
amount_to_change = int(input())
num_fives = amount_to_change // 5
''' Your solution goes here '''
num_ones = 19 % 5
print('Change for $', amount_to_change)
print(num_fives, 'five dollar bill(s) and', num_ones, 'one dollar bill(s)')
The cashier is required to change the money into a maximum of five $1 bills and any remaining coins into $5 bills. num ones = amount to change percent 5.
In order to determine the worth of $1 bills given amount to change, we must write a single line of code to assign a value to the variable num ones.
Let's resolve this by using an illustration:
If $19 is the amount to change,
There are a total of three $5 bills that can be distributed. The total that can be exchanged for $5 banknotes is:
As a result, the leftover money, which is $4 ($19 - $15), will be paid in one-dollar bills.
Using the modulus (%) operator, four $1 bills can be located out of these $19 in total.
The remainder, or modulus operator, is left, i.e.
When a number "p" is divided by "q," the remainder is the result of p% q.
19 % 5 = 4
Four one dollar bills are to be distributed.
Therefore, a single line of code representing the quantity of $1 bills can be expressed as:
Number of Ones = Amount of Change % 5
So, the appropriate sentence is:
Number or num of Ones = Amount of Change %5
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constraints are characteristics of the organization and external environment limiting what a manager can do.
The statement is True. It is true that constraints are characteristics of the organization and external environment limiting what a manager can do.
Constraints are factors that limit a leader's ability to make decisions and act. Restrictions can be internal or external to the company. Internal constraints are those that originate within the organization, such as budget constraints, limited human resources, and organizational rules.
External constraints are those that come from outside the organization, such as laws, regulations, customer requirements, or competitors. In either case, these limitations affect decisions and the actions that the manager can take that should be considered when making the decision.
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Which of the following statements about the goals and stages of writing effective business messages are true?
1) the stages of business writing often overlap each other
2) the three stages of effective business writing are planning, writing, and reviewing
3) effective business writing is divided into three stages
The three stages of effective business writing are generally considered to be planning, writing, and reviewing is True. So, the correct option is 2.
These stages help ensure that business messages are clear, concise, and effective. In the planning stage, the writer determines the purpose of the message and identifies the audience. They also gather information, create an outline, and consider the tone and format of the message.
In the writing stage, the writer puts the plan into action and creates the message, paying attention to organization, tone, and language usage.
In the reviewing stage, the writer evaluates the message and makes any necessary revisions. This stage is important to ensure that the message is clear and effective and that there are no errors or inaccuracies.
It is common for the stages of business writing to overlap, as writers often need to revisit earlier stages as they progress through the writing process.
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As an encoder, you have access on the personal information of the employees stored in the computer. One of the customers asks for the address and family background of a certain employee. Are you allowed to do so? Why?
Answer: no
Explanation: in every organisation, there is rules that should be obeyed by the employee. and obviously, one must not give out any personal information whether it's about their employee or customer
The trial balance is an internal report used to determine whether total debits _____ total credits.
The trial balance is an internal report used to determine whether total debits Equal total credits.
Tribulation stability is a list of all the general ledger accounts contained within the ledger of a commercial enterprise. This listing will include the call of every nominal ledger account and the fee of that nominal ledger stability. each nominal ledger account will hold either debit stability or credit stability.
An ordeal balance is a list of credit score entries and debit entries that groups use to internally audit their double-access accounting systems. The aim is to affirm that the sum of all debits equals the sum of all credits and pick out whether any entries have been recorded inside the incorrect account. Trial balance is a worksheet in bookkeeping that includes ledger stability compiled in sections of debit and credit. This worksheet is used for creating the balance sheet. The practice of trial stability is to make certain mathematical correctness of the transactions recorded.
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How do you know if equilibrium is stable or unstable differential equation?
An equilibrium is stable if nearby solutions approach it as time goes on, and unstable if they move away from it as time goes on.
The stability of an equilibrium solution in a differential equation refers to the behavior of solutions near that equilibrium solution as time progresses.
If nearby solutions approach the equilibrium solution as time goes on, it is considered stable. Conversely, if nearby solutions move away from the equilibrium solution as time goes on, it is considered unstable.
To determine the stability of an equilibrium, one can study the direction of nearby solutions as time goes on, using techniques such as linearization or eigenvalue analysis. These methods allow one to determine if nearby solutions move toward or away from the equilibrium as time goes on, indicating stability or instability, respectively.
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refers to the perceived benefits, both monetary and nonmonetary, that customers receive from a product compared to the cost associated with obtaining that product. (enter one word in the blank.)
Customer value is the term used to describe the perceived financial and nonfinancial benefits that customers obtain from a product.
Customer value assesses the worth of a good or service and compares it to other alternatives. By doing so, it can be determined whether the customer thought the good or service was worthwhile. Buyer's regret can be clarified using customer value. If consumers think an item's overall cost is more than its benefits, they will regret their purchase. especially if a competitor is offering a better value for a comparable commodity or service than you are. The greatest approach to define customer value is how much a product or service is worth to a customer. Here are several methods through which companies can provide value to improve customer happiness.
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PLEASE HELP 97 POINTS ollowing the accounting cycle, what would an accountant do right after identifying financial transactions?
A. create a general ledger
B. record journal entries
C. make a trial balance
D. adjust entries
Answer:
B. record journal entries
Explanation:
After identifying financial transactions, the next step in the accounting cycle would be to record journal entries.
Journal entries are the first step in the recording process and are used to record the financial transactions of a business in chronological order. They provide a detailed record of each transaction and include the accounts that are affected, the amounts that are debited and credited, and a brief description of the transaction.
Once the journal entries are recorded, they are then posted to the general ledger. The general ledger is a collection of all the accounts used by a business and is used to summarize the financial transactions of the business.
organizations must continually adjust product and marketing strategies to be sensitive to consumers' needs. one such consumer need is their expectation of personalized experiences. this is a response to changes in _______.
One such consumer need is their expectation of personalized experiences. this is a response to changes in social trends.
Social patterns change throughout time. Today are where consumers connect and exchange information. Companies must constantly modify their marketing and product strategies to be responsive to shifting social trends. Environmental issues are increasingly significant to consumers, employees, and corporate leaders. "Green" practices are gradually moving from being optional to being expected.
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The _________ value of stock is arbitrary amount established by the board of directors of a corporation.
The par value of stock is an arbitrary amount established by the board of directors of a corporation.
A stock's par value is a nominal or arbitrary value that a corporation's board of directors assigns to each share. This figure serves as a baseline for calculating the stock's value, but it's vital to keep in mind that the par value frequently underestimates the stock's actual market value.
For instance, the par value of the stock would be $100,000 if a company had issued 100,000 shares of stock with a par value of $1 each. However, depending on a number of variables like the company's financial performance, the overall health of the economy, supply, and demand, and other considerations, the market value of the stock may be significantly greater or lower than this figure.
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Answer the next question(s) based on the following supply and demand schedules in units per week for a product. Price $60 50 40 Quantity Demanded 100 140 180 220 260 300 Quantity Supplied 400 340 280 220 160 100 30 20 10 The government's introduction of a guaranteed price floor of $50 will result in The government's introduction of a guaranteed price floor of $50 will result in Multiple Choice a shortage of 200 units. an unstable market. a surplus of 200 units. no shortage or surplus
Due to the government's implementation of a $50 guaranteed price floor, there will be a surplus of 200 units. Here option A is the correct answer.
The quantity supplied and quantity demanded of a product at different prices are given. The equilibrium price and output are determined at that point where the quantity demanded equals to quantity supplied.
In the table, it can be seen that at a price of $30, the quantity supplied is equal to the quantity demanded. It means the equilibrium price is $30 and the output is 220 units.
Now there is a price floor of $50, which is more than the equilibrium price. When the price is more than the equilibrium price, it will create a situation of EXCESS SUPPLY or SURPLUS. When the price is more than the equilibrium price, the quantity supplied will be more than the quantity demanded. The difference is called a surplus.
At a price floor of $50, the quantity supplied is 340 and the quantity demanded is 140. Therefore, the surplus is 340 - 140 = 200.
Complete question:
Answer the next question(s) based on the following supply and demand schedules in units per week for a product. Price $60 50 40 Quantity Demanded 100 140 180 220 260 300 Quantity Supplied 400 340 280 220 160 100 30 20 10 The government's introduction of a guaranteed price floor of $50 will result in The government's introduction of a guaranteed price floor of $50 will result in Multiple Choice a
A - shortage of 200 units.
B - an unstable market.
C - a surplus of 200 units.
D - no shortage or surplus
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For issuers, the opinion on the internal control over financial reporting contains a statement indicating the date as of which the auditor's opinion is based. That date is
A. The date of the auditor's report.
B. The date the financial statements were issued.
C. The date specified in the body of the CEO's signed statement on internal control.
D. The date of the financial statements.
SHOW CORRECT ANSWER
The date of the auditor's report is the right response, which is A. An independent auditor's report, which expresses an opinion on the financial statements of an organisation, is a written document.
A critical record that offers an unbiased evaluation of the financial accounts of a corporation is an auditor's report. A certified public accountant or audit firm conducts an audit of the company's financial records before preparing the report. The report expresses an opinion regarding the financial statements' fairness, correctness, and compliance with accounting standards. For investors, lenders, and other stakeholders who depend on the financial statements to make wise decisions, the auditor's report is a crucial resource. The auditor's report provides confirmation that the financial statements are accurate and sufficient internal controls are in place at the company. The report is a crucial step in the financial reporting process and supports accountability and transparency.
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how can ethics- based concepts such as truthfulness and fairness be integrated into the fabric of the organization
Ethics-based concepts such as truthfulness and fairness can be integrated into the fabric of the organization by creating a culture of trust and respect.
What is Ethics-based concepts?By developing a culture of trust and respect, ethics-based ideas like honesty and fairness may be woven into the structure of the company. This can be accomplished by outlining clear expectations for staff members, offering instruction in moral decision-making, and promoting open dialogue.
Organizations can also develop procedures and regulations that support moral conduct, such as anti-discrimination and whistleblower protection laws. Finally, corporations can promote ethical behavior and penalize unethical behavior, for example, by offering rewards to workers who behave ethically.
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Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flows?a. Cash and cash equivalentsb. Cash and money market fundsc. Cash and U.S. treasury bondsd. Cash
The answer is c. Cash and U.S. treasury bonds, it is one concept of cash is not appropriate to use in preparing the statement of cash flows.
What do economic bonds mean?When they need to raise money, governments and businesses issue bonds. By purchasing a bond, you are effectively lending the issuer money. In exchange, they commit to repay you the face amount of the loan on a particular date and to make periodic interest payments—typically twice a year—along the way.
Examples of bonds would be helpful.A bond is a debt that is issued by a borrower to raise money, such as a firm or the federal government. Because it pays its owner a fixed sum on a regular basis for a fixed duration, a bond is referred to as a fixed-income security.
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suppose you have a gift certificate for $20 at a diner. you can use it to order meatloaf or pot roast. meatloaf costs $12 and pot roast costs $14. meatloaf and pot roast are both worth $15 to you. the opportunity cost of choosing pot roast is $_____ . (enter a number in the blank.)
The opportunity cost of choosing pot roast is $3.
Opportunity cost is the value of the next best alternative that is given up as a result of a decision. In this case, if you choose to order pot roast for $14, the opportunity cost is the value you would have received from the next best alternative, which is meatloaf for $12. So the opportunity cost of choosing pot roast is $12 - $14 = $-2, but since this is a cost, we can say the opportunity cost is $3 (since you would have to pay $3 more to get the pot roast instead of the meatloaf).
Let's say you have a $20 gift certificate for dinner. It can be used to place a meatloaf or pot roast order. Pot roast costs $14 while meatloaf costs $12. Pot roast and meatloaf are both $15 worth to you. The opportunity cost of selecting meatloaf over pot roast is $15 EX in money.
How Does Opportunity Cost Work?
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible opportunities lost when a company or person selects one investment over another.
Investors sometimes neglect opportunity cost. It basically refers to the unintended consequences of choosing not to pursue an alternative path of action. If a corporation, for instance, follows a specific business plan without first weighing the merits of competing strategies, they may fail to see the opportunity costs involved and the chance that they could have achieved greater success by taking a different course.
Opportunity Cost Formula
Cost of Opportunity = FO CO
where:
Return on the best foregone alternative.
CO stands for Return on Option.
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According to the four-frame model, the _____ frame relates to how an organization builds a culture that gives purpose and meaning to work and builds team cohesion.
The human resource frame relates to how an organization builds a culture that gives purpose and meaning to work and builds team cohesion.
The human resource frame relates to how an organization builds a culture that gives purpose and meaning to work and builds team cohesion.
The four-frame model consists of the structure frame, which focuses on the organization's design and systems, the human resource frame, which focuses on the people and culture within the organization, the political frame, which focuses on power and politics within the organization, and the symbolic frame, which focuses on the organization's image, brand, and identity.
The four-frame model is a framework for understanding organizations that was developed by Peter Senge. The four frames are the structural, human resource, political, and cultural frames. Each frame provides a different perspective on how organizations function.
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Which of the following Uber cultural norms does not align with the expectations of a learning organization?a) The act of Uber employees submitting thousands of ideas to help repair the company’s image.b) Uber wants all employees, regardless of their backgrounds, to feel welcomed, to be open to different approaches, and to come together to execute the best ideas.c) Uber employees "believe that the best ideas can come from anywhere, both inside and outside our company …"d) Uber wants its employees to look for problems and to solve them together, to help each other, and to be accountable for mistakes.e) All of the mentioned norms are aligned with the expectations of a learning organization.
All of the cited norms are aligned with the expectations of a learning organization.
What are Uber's new cultural norms?We stand apart from the average. We make sure human beings of various backgrounds experience welcome. We inspire special opinions and methods to be heard, and then we come together and build.
We accept as true with flexibility and desire allow extra freedom in mobility and work. We provide selections for each drivers and riders, and the network rewards selections that gain the community.
We act like owners. We persevere. We fee thoughts over hierarchy. We make huge bold bets
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https://brainly.com/question/12425056#SPJ4When Harley-Davidson advertises to reinforce the perception that the brand is masculine, rugged, and individualistic, it is building brand ______.
When Harley-Davidson advertises to reinforce the perception that the brand is masculine, rugged, and individualistic, it is building brand identity.
Harley-Davidson has built a powerful brand identity by reinforcing its perception as a masculine, rugged, and individualistic brand. Through its advertising, the company seeks to maintain its iconic status in the minds of its consumers, driving an emotional connection to the Harley-Davidson lifestyle.
With an emphasis on themes such as independence and freedom, Harley-Davidson continues to position itself as a lifestyle brand and as an integral part of American culture. With this, the company seeks to further solidify its brand identity and establish itself as the go-to for motorcycles for generations to come.
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Both costs to serve the customer and commitment between buyer and seller are lowest with this type of relationship strategy.
a. Solutions Relationship
b. Supplier Relationship
c. Transaction Relationship
d. Collaborative Relationship
e. Partnership Relationship
The concept is Collaboration, the act of working with someone to produce or create something. The answer is option D, Collaborative Relationships
Collaboration improves the way your platoon works together and solves problems. This leads to further invention, more effective processes, further success, and better communication.
By harkening to and learning from platoon members, you can help each other achieve their pretensions. cooperative connections are formed when two or further people work together to achieve common pretensions.
Collaboration has come as the favored result for uniting different people with different viewpoints. Collaborative cooperation encourages people from different backgrounds and gets them to work together and help each other.
Everyone can contribute their knowledge, bents, and capacities to the group. They also have new ideas that help break their delicate problems and move their systems forward.
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a swot analysis helps planners compare internal organizational strengths and weaknesses with external opportunities and threats.(true or false)
The statement is True. A swot analysis helps planners compare internal organizational strengths and weaknesses with external opportunities and threats.
SWOT evaluation (or SWOT matrix) is a strategic making plan and strategic control technique used to assist someone or an enterprise discover Strengths, Weaknesses, possibilities, and Threats associated with commercial enterprise competition or project-making plans. it is sometimes known as situational evaluation or situational analysis. additional acronyms using identical additives encompass TOWS and WOTS-UP.
This technique is designed to be used in the initial ranges of selection-making methods and can be used as a tool for assessment of the strategic position of agencies of many sorts (for-profit enterprises, nearby and countrywide governments, NGOs, and so on.). it's far meant to pick out the inner and external factors that are favorable and unfavorable to reaching the targets of the project or challenge.
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What is not the advantages of the corporate form of business?
a. Limited liability of stockholders
b. Ease of capital accumulation
c. Continuous life
d. Corporate taxation
Corporate taxation is not the advantage of the corporate form of business
A disadvantage of the firm's business structure is corporate taxation, which is detrimental. The term describes taxation of corporate profits, which is frequently greater than the tariff rate for individual income. Thus, firms have to pay more tariffs than others, which impedes their profitability and competitiveness. Whereas, limited responsibility of stockholders states that stockholders are only liable for their investment and not the whole amount of firm's debt. In the event of bankruptcy, this offers stockholders a certain level of security and lowers the likelihood that they may lose their personal belongings.
The ability of firms to generate significant quantities of capital through stocks and bonds sale is the ease of capital accumulation. This makes it simpler for corporations to finance development and expansion. The phrase continuous life describes how firms are distinct legal entities that can continue to exist regardless of the passing or departure of any individual owner or stockholder. Businesses may pursue their goals and accomplish their objectives over the long term thanks to this level of consistency and continuity.
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America is the land of opportunity. The reason the United States is considered the land of opportunity is because anyone may start a business and make it grow. The founders of Broad Reach Sails made the decision to start their small business for several reasons. They had the experience needed to become successful.
Entrepreneurship is the process of starting a business. Beginning a small business is filled with considerable risks. Even though a certain level of risk is involved, the rewards can be great. Being your own boss, having your independence, and keeping the business profits are all advantages of starting a business. However, there are disadvantages of starting a small business as well. Small business are a critical factor to the united states economy as they create more jobs than any other business formation.
Todd Williamson and Jim Miranda started their business, Broad Reach Sailing, as a way to earn a living doing something they love. Which of the following is not a reason why entrepreneurs like Todd and Jim are willing to take the risk of starting and running a new business?
1. Opportunity for success
2. profit
3. more leisure time
4. challenge
5.independence.
More leisure time of the following is not a reason why entrepreneurs like Todd and Jim are willing to take the risk of starting and running a new business. Thus, option (c) is correct.
What is entrepreneurs?The term entrepreneur refers to the person who launched a new business with own risk and profit basis. The setup of new business with new idea and logic is called entrepreneurship. The entrepreneur is the main motive to set up business to generate employment.
According to the case study the Todd Williamson and Jim Miranda started their business. It was the more leisure time is not the reason of the risk of start and operating a new business.
As a result, the significance of the entrepreneurs are the aforementioned. Therefore, option (c) is correct.
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true or false ASC 740 applies to accounting for state and local and international income taxes as well as federal income taxes
True. ASC 740 applies to account for state and local and international income taxes as well as federal income taxes.
ASC 740 is a financial accounting standard that provides guidance for the recognition, measurement, presentation, disclosure, and presentation of income taxes in the financial statements of an entity.
This standard applies to accounting for state and local, as well as international income taxes in addition to federal income taxes.
ASC 740 outlines the rules and guidance related to the accounting for deferred taxes, uncertain tax positions, and other related matters.
Adhering to these standards ensures that companies are accurately reporting their income taxes in their financial statements.
It also provides a framework for consistent and reliable reporting of income taxes, which is essential for the accuracy and transparency of financial statements.
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An advantage of an LLC is flexible distribution of profits and losses, which means profits/losses do not have to be distributed in _____ to the money each person invests.
An advantage of an LLC is flexible distribution of profits and losses, which means profits/losses do not have to be distributed in proportion to the money each person invests.
One of the main advantages of setting up a limited liability company (LLC) is the flexibility it provides in terms of how profits and losses are distributed. Unlike other business structures, an LLC does not require profits and losses to be distributed in proportion to the money each member invests.
This gives members of the LLC the freedom to determine how profits and losses are distributed, allowing for more creative structuring of investments and profits. This also allows for more equitable division of profits and losses between the members, which can be a great benefit for small business owners.
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FILL IN THE BLANK. Accounts payable is increased with an entry on the ______ side of the T-account
Accounts payable are increased using a debit entry on the entry side of the T-debit account.
The debit entry for an asset account displays an increase in the account, but the asset T-right account shows a decrease in the account. This means that a firm that receives cash will debit the asset account, but a company that sends cash will credit it.
The left side (debit side) of the T Account is often a rise to the account for asset accounts such as cash, inventories, accounts receivable, PP&E, and others. The right side (credit side) reflects a decrease in the asset account in the opposite way.
Accounts payable, sometimes known as "payables" for short, increase when a supplier or vendor extends credit - that is, when a company places an order for products or services, the expense is "accrued," but the cash payment has not yet been made.
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whether by offering the possibility of repeat business, suppliers and buyers can avoid opportunism problems that incur transaction costs.
Suppliers and buyers can prevent the opportunism-related issues that lead to transaction costs by providing the chance for repeat business.
What exactly is a transaction cost?
Expenses incurred during market exchange are referred to as transaction costs. These expenses include the pricing research expenditures as well as the costs associated with creating and upholding contracts. Labor, travel expenses, broker fees, bank fees, commissions, etc. are a few examples of typical transaction costs.
What is another name for transaction cost?
Costs we incur when we conduct economic transactions, such as the purchase of products and services, are referred to as transaction costs in economics and business. the social cost theory, which is a subset of the transaction cost economics theory.
There are three categories of accounting transactions that are based on the exchange of money: cash transactions, non-cash transactions, and credit transactions.
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Which of the following statements is TRUE about average cost (AC) and Marginal Cost (MC)?
A. Average cost (AC) is irrelevant to extent decisions
B. Marginal cost determines whether or not you produce
C. Marginal cost (MC) is irrelevant to extent decisions
D. All of the above
The true statement is Average cost (AC) is irrelevant to the extent of decisions.
The average total cost is calculated as the overall production costs divided by the total output of the firm. When making an extent choice, a firm must ideally determine both the extent of activity along with whether or not to engage in it. It is a significant factor, however, it might not be the only one.
Businesses can choose how to compete more successfully in the market by taking a broad range of costs into account in order to decrease significant expenses and boost overall profitability. By contrasting the efficacy of various production strategies and using the average cost as a baseline, it is possible to identify the best quantity of output. Making meaningful decisions, however, necessitates taking a number of other steps.
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Which of the following statements about the goals and stages of writing effective business messages are true?a) Writers should complete the stages of business message writing in a sequential manner.b) Effective business writing is divided into three stages.c) The stages of business writing often overlap each other.d) The three stages of effective business writing are planning, writing, and reviewing.
The three stages of effective business writing are planning, writing, and reviewing is true. there are three stages to writing: planning, drafting, and editing and proofreading at the end. Before moving on to the drafting stage, you conduct preliminary research and prepare preparations for your topic.
Your company may reach a stage of maturity after several years in existence when it is more stable and profitable. The third stage of a business' life cycle is this one. Planning and strategizing are the first steps in the business process management life cycle. Managers must then assess current business procedures to identify areas that require improvement.
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A manufacturing firm has discontinued production of a certain unprofitable product
line. This created considerable excess production capacity. Management is considering to
devote this excess capacity to one or more of three product 1,2 and 3. The available capacity
on the machines which might limit output are given below:
Machine type Available time
(in machine hours per week)
Milling
machine
250
Lathe 150
Grinder 50
The number of machine hours required for each units of the respective product is given
below;
Machine type Productivity (in machine hours/unit)
Product 1 Product 2 Product 3
Milling 8 2 3
Lathe 4 3 0
Grinder 2 0 1
The unit profit would be 20 birr, 6 birr and 8 birr for products 1,2 and 3. Find how much of
each product the firm should produce in order to maximise profit ? Solve the problem by
simplex method.
By simplex method the equations are in Milling machine = 8x + 2y + 3z ≤ 250, In lathe machine = 4x + 3y ≤ 150, in Grinder machine = 2x + 1z ≤ 50.
What do you mean by Simplex method?The simplex technique is an iterative process that involves moving from one potential corner point to another until the best possible location is found. The simplex method is also known as the linear programming model.
Here,
By solving using simplex method:
Let x = the number of items produced of product 1 in a week.
Let y = the number of items produced of product 2 in a week.
Let z = the number of items produced of product 3 in a week.
Constraints are as follows:-
Since, sales potential for products 1 and 2 exceeds maximum production rate so,
x ≥ 0 ... ( 1 )
y ≥ 0 ..... (2)
Since, sales potential for products 3 is 20 units per week so, z ≤ 20 ... (3).
Therefore, by simplex method the equations are:
Milling machine = 8x + 2y + 3z ≤ 250
lathe machine = 4x + 3y ≤ 150
Grinder machine = 2x + 1z ≤ 50.
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when a company records an adjusting entry for services previously recorded as deferred revenue, it records which two of the following? -credit to Deferred Revenue -debit to Cash -credit to Revenue -credit to Accounts Receivable -credit to Cash -debit to Deferred Revenue
You report deferred income by way of deciding how much of a fee is for services delivered and how plenty is for offerings that have no longer been furnished yet.
Every month, the accountant will enter the equal entry as every $25 magazine is delivered. By the stop of the year, the $300 will be completely recognized as revenue.
What bills are blanketed in a deferral adjusting entry?A deferral adjusting entry (one of three sorts of adjusting entries) pertains to a transaction that has already been recorded in the accepted ledger accounts. However, at the time that the transaction used to be recorded, section of the quantity ought to be stated as 1) revenue in a future period, or 2) expense in a future period.
The predominant two types are accruals and deferrals. Accruals refer to repayments or charges on credit score that are nevertheless owed, whilst deferrals refer to prepayments the place the merchandise have not but been delivered.
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