The market is the place in which the mechanism through which buyers and sellers of an economic product or service come together.
The market is the place or areas in the continue the buyer and sellers come together and buys or sells of the product or services in the marketplace.
The market has seven types which are stock market, monopolistic competition, perfect competition, monopoly, oligopoly, monopsony, foreign exchange market, natural monopoly, financial market, oligopoly and pure monopoly.
The market is structure can be grouped in to the seven above types of markets.
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if ace experiences internal economics of scale for production from 1 through 5 tons of steel production, which value for $x is not possible
With the development of technology, the production possibilities curve will move outward and to the right, reflecting the application of that finding.
The Production Possibility Curve:
The term "production potential curve" refers to a curve that depicts the combination of two items that a nation can create with the resources that are available to it.
The production potential curve will move rightward and outward as technology advances because the country will be able to produce more with more efficiency, which will result in higher output.
Therefore, when technology advances, the production possibilities curve will move outward and to the right, reflecting the application of that finding.
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an inadvertent siren was sounded for mcguire nuclear station. no action needed.
No action is needed in this case. An inadvertent siren is a false alarm that is accidentally triggered by a malfunctioning siren system
What is malfunctioning ?Malfunctioning is when a device or system does not work as intended. It can be caused by a variety of factors, such as hardware or software issues, user errors, or environmental conditions. Malfunctioning can cause a variety of problems, including decreased performance, data loss, and even complete system failure.
It is important to identify the source of the malfunction in order to fix it. This can involve troubleshooting hardware and software components, checking connections and settings, and running diagnostic tests. In some cases, it may be necessary to replace faulty components or upgrade the system in order to prevent future malfunctions.
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george has a gross estate valued at $1.8 million. his estate consists almost entirely of publicly held stock owned solely by him. he owes no debts. george's only living relative is a nephew whom he hasn't seen or heard from in 30 years. george has not executed a valid will. if george were to die in the current year without change in any of the related facts, which one of the following is a disadvantage of the probate process for george? a) it will not allow distribution of his estate without incurring considerable cost in attempting to locate his nephew. b) it will not allow george's estate to claim a marital deduction to reduce the taxable estate. c) it will not allow payment of a personal representative's fee to reduce his estate tax so that it can be covered by the allowable unified credit. d) it will not allow george's estate to be subject to court supervision regarding payment of claims and distribution.
It will not allow distribution of his estate without incurring considerable cost in attempting to locate his nephew.
Which are the disadvantage of the probate process?
1. Cost: The probate process can be time consuming and expensive. Probate fees and costs can add up quickly, and the process can be delayed due to paperwork and other issues.
2. Time: The probate process can take a long time to complete, often lasting for months or even years in some cases.
3. Complexity: The probate process can be complex and confusing, especially for those unfamiliar with the process.
4. Exposure: During the probate process, the estate will be exposed to creditors and other claims, which can reduce the amount of money available to heirs and beneficiaries.
5. Privacy: The probate process is a matter of public record, meaning that the details of the estate and the proceedings are a matter of public knowledge.
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A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period, and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash. The broker:____________
a. Must forward the offer to the seller's attorney for consideration
b. May not accept the offer until the seller returns
c. May sign a deed of conveyance if the seller does not return on time.
d. May accept the offer
Midway through the listing period, the seller leaves for a 45-day cruise. The broker is permitted to accept any offer by the seller under a limited power of attorney.
In a contract for an option, who is the buyer?The call option buyer has the option, but not the duty, to purchase the specified number of shares at the strike price. Conversely, buyers have the option but not the responsibility,
What is the term for the agreement between the buyer and seller?A sales agreement is a contract outlining the parameters of an exchange between a buyer and a seller. A sales agreement contract or a sale of products agreement are other names for it.
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which of the following problems are more suited for the learning approach than the design approach? group of answer choices detecting potential fraud in credit card charges determining the optimal cycle for traffic lights in a busy intersection determining the time it would take a falling object to hit the ground classifying numbers into primes and non-primes
The controller is given information about traffic demand through detection. According to detector input and, each phase's duration is set.
Which words most accurately convey the meaning of information?
noun. A fact or incident about which knowledge has been shared or received; breaking news: information about a crime. His wealth of general knowledge is astonishing. knowledge acquired by study, communication, research, training, etc. Informational behavior or information.
Any information denotes that the information is accessible in any format, can be either objective or subjective, and may include a variety of facts that aren't always connected to a person's private life.
407 The phrase "relating to" is the most ambiguous aspect of the definition because it describes how one person is related to another.
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What is the newest crypto?
Polkadot, a blockchain-based platform for decentralised applications and networks, is the newest cryptocurrency. Interoperability between various blockchains is what it is intended to offer.
What is the newest crypto?The most recent cryptocurrency is called Polkadot, which is a blockchain-based platform for decentralised networks and applications. Its main goal is to provide interoperability between different blockchains.
The network's decentralised ledger, which keeps track of transactions and stores data, enables users to store and share files securely without worrying about data loss or corruption.
Users of Filecoin can also earn Filecoin tokens by renting out any extra storage space they may have. Users are given the option to make money off of their data thanks to this incentive system, which also encourages secure data storage.
The Filecoin blockchain also gives developers a place to build distributed applications and includes a built-in market place where users can exchange storage space for money and other benefits. In addition to giving developers a safe platform on which to create applications, Filecoin is a fantastic way for people to make money off of the extra storage space they have available.
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Answer: I'm sorry, but I don't have real-time information as my knowledge was last updated in September 2021. As of my last update, new cryptocurrencies are frequently being created, and the term "newest crypto" can change rapidly. It's important to do your own research and stay up-to-date with the latest developments in the cryptocurrency space by checking reputable cryptocurrency news sources or platforms.
Explanation: https://www.coingabbar.com
One of the most important things an international business person can do to avoid cultural misunderstandings is to
a. ensure that contracts are tightly worded
b. choose a common language like English
c. adopt a laissez faire attitude
d. listen to your client or customer
e. hire and interpreter
Listening to your customers or clients is one of the most crucial things an internationally entrepreneur can do to prevent cultural misconceptions.
What does the term customer mean?A shopper is a person or business that purchases goods or services from the other business. Customers are crucial since they generate revenue. A person or group is regarded as a customer if they have used the company's products or services.
Which types of customers are there?The one's who occasionally shop yet primarily rely the sales to complete purchases are known as discount shoppers. customers who are driven to buy a specific product out of necessity. Wandering purchasers are customers who are undecided of what they want to purchase.
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the process of building motivators into the job itself by making it more interesting and challenging is known as:
The process of building motivators into the job itself by making it more interesting and challenging is known as Job enrichment.
Job enrichment is referred as the process of adding motivators to existing roles in order to increase the satisfaction and the productivity for employee. Job enrichment can be done through increasing autonomy and skill and task variety. It can can also be done by providing feedback.
The main purpose of job enrichment is to make the jobs more motivating by increasing meaningfulness and responsibility of the results of a job. It is done in order to enrich the job with high motivating potential.
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question: do you think your accounting education hs prepared you all roles as an accountant in business (see table 2.1)? which roles do you feel best prepared for? which roles do you feel least prepared for? why?
Accounting is important in business because it allows you to track income and expenses, ensure statutory compliance, and provide quantitative financial data to investors, management, and the government.
What is the role of accounting in business?The major roles of an accountant in a business extend beyond the process of accounting in a company's books. The accountant assists stakeholders, whether internal or external, in making better decisions by providing the financial information they require.Accounting benefits also includes keeping business records, preparing financial statements, comparing results, making decisions, and by providing evidence in legal proceedings. Provides information to related parties.Accountants can assist you in saving money and also increasing profitability by analyzing expenses and looking for possible improvements in cash flow management, debt reduction, negotiating with suppliers, cost control, forecasting, pricing maximization, profit planning, and better information reporting.To learn more about accounting refer to :
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By gathering, monitoring, and adjusting the company's financial information, an accountant assists firms in making important financial decisions.
They are in charge of conducting financial audits, comparing bank statements, and guaranteeing the accuracy of financial records all year long.
What functions does accounting serve in the classroom?Accounting's goal is to shed light on the outcomes of managerial choices. The goal of accounting education is to assist students in becoming qualified accountants.
What functions do accountants perform?Accounting is a system for quantifying and condensing corporate operations, analyzing financial data, and communicating the outcomes to management and other stakeholders to assist in improving business decisions.
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Gave jobs to millions of unemployed people to carry out public works projects, including the construction of public buildings and roads.
Millions of jobless individuals were offered jobs by the Works Progress Administration. to complete public works, such as the building of public structures and streets.
What exactly does unemployment presume?Unemployment is the state of someone being able to work, actively looking for job, yet incapable of doing so. It is crucial to remember that a people must be actively seeking paid work in the labor force in order to be labeled jobless.
How is unemployment assessed?According to world norms, the ratio of the number of jobless individuals to the number of people who are actively looking for employment is used to compute unemployment numbers.
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which stakeholder in the u.s. health care system most likely views health insurance premiums as a cost of doing business?
Answer:
In the U.S. healthcare system, employers are the stakeholders most likely to view health insurance premiums as a cost of doing business. Employers provide health insurance benefits to their employees as a way to attract and retain top talent, and they typically cover a portion of the premium costs. Employers are also the ones who negotiate with insurance companies to purchase group health insurance plans for their employees and therefore the cost of premium are considered as one of their business expenses.
If I helped you, could you please make my answer as best?
west co. had earnings per share of $15.00 for year 1 before considering the effects of any convertible securities. no conversion or exercise of convertible securities occurred during year 1. however, possible conversion of convertible bonds, not considered common stock equivalents, would have reduced earnings per share by $0.75. the effect of possible exercise of common stock options would have increased earnings per share by $0.10. what amount should west report as diluted earnings per share for year 1?
The amount should west report as diluted earnings per share for year 1 is
$14.25.
What is earnings per share?The monetary value of earnings per outstanding share of common stock for a firm is known as earnings per share. It is a crucial indicator of business profitability and is frequently used to value equities. Earnings per share (EPS) is determined by dividing a company's revenue by the number of outstanding shares of its common stock. The resulting figure serves as a gauge of a business's profitability. EPS that has been modified for unusual items and probable share dilution is a standard practice for businesses.To determine earnings per share, take a company's net income and deduct preferred dividends from it. After that, multiply that sum by the typical number of outstanding common shares.Diluted EPS = $15.00 − $.75 = $14.25.
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The amount should west report as diluted earnings per share for year 1 is $14.25.
What is meant by earnings?
The outcomes of a company's bottom line are most frequently linked to earnings. The bottom line displays the revenue a business has generated after deducting all of its costs.Net profit, net earnings, or net income are several names for this metric.Earnings are typically understood to be the company's net income, which is determined after deducting cost of sales, operating costs, interest, and taxes from total sales proceeds for a certain time period. For an individual, it includes their wages, salaries, and other payments.Accounting earnings, also known as net income (NI), are determined by deducting corporate costs from revenue.Diluted EPS = $15.00 − $.75 = $14.25.
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jersey medical earns $12.00 a share, sells for $90, and pays a $3 per share dividend. the stock is split three for one and a $1 per share cash dividend is declared. what will be the new price of the stock? round your answer to the nearest dollar. $ if the firm's total earnings do not change, what is the payout ratio before and after the stock split? round your answers to one decimal place. payout ratio before the split: % payout ratio after the split: %
Jersey medical earns $12.00 a share, sells for $90. The payout ratio before and after the stock split is 63.16 % √
Calculating the problem:
a) New price (Market) = Old price × Reciprocal ratio of stock split
= $90 × 1/2
=$45 √ .
b) Payout Ratio = Dividend per Share / Earnings per Share
•Payout ratio before the stock split
= $6/$9.5
=63.16% √
•Payout ratio after the stock split
= $3/($9.5/2)
=63.16% √ .
What is the significance of a high payout ratio?
If the ratio is high, it means that the board of directors of the company is basically giving all of the profits to investors. This means that there doesn't seem to be a better way to use the money internally. This is a clear sign that a company is no longer in any growth markets.
How does payout ratio work?A financial metric known as the payout ratio depicts the proportion of a company's total earnings that is distributed to shareholders in the form of dividends. A company's dividend payout percentage as a percentage of its cash flow is sometimes referred to as the payout ratio.
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millie, a research associate at an information technology firm, develops a program that allows more than six parties to interface at the same time. in order to prevent the competition from duplicating her invention, the company should apply for a
The "business to customer" paradigm, or B2C, refers to the relationship between the customer and the company.
Business-to-consumer, or B2C,
A company's sales of goods or services to its customers are referred to as business-to-consumer, or B2C, transactions. Direct to Consumer (DTC) and D2C are two related terms. Simply explained, it means that orders are handled and delivered directly to the customer. All businesses that provide products or services to customers must engage in business-to-consumer marketing. These are places to eat, drugstores, car makers, apparel merchants, software producers, and so on. By employing a B2C eCommerce model, you may save the extra costs for infrastructure, power, staffing, etc. Your operations costs will be greatly reduced.
It is possible to manage stocks and warehouses with less staff and equipment. Additionally, you could expand your audience while using less marketing budget.
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d. what is kiyara's additional medicare tax liability (include all earned income in computing the tax)?
$450. [0.009 × ($250,000 salary minus $200,000 threshold)]. Kiyara's only earned income is her $250,000 salary.kiyara's additional medicare tax liability (include all earned income in computing the tax).
Taxpayer payments to the Social Security Administration cover the cost of Medicare. 1.45% of total wages are paid by employees to the Federal Insurance Contributions Act (FICA). Employers contribute an additional 1.45 percent, bringing the total to 2.9 percent of your gross income. The American Medicare health system is financed by a Medicare levy. Medicare Part A, which provides tax hospital insurance for seniors and those with disabilities, is paid for using tax dollars. Hospital, hospice, and nursing facility care are all included in Part A expenditures. In 2022, the Medicare tax will be 2.9%. Each party pays 1.45% of this sum, which is divided equally between the employer and the employee. The sum is deducted from each employee's paycheck.
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lisa sells kitchen furniture through her website. while her sales are stable, she's concerned that they're not keeping pace with those of other online furniture stores. how can a search campaign benefit lisa's business?
Search campaign can benefit Lisa's business during searches as her company will be seen with other businesses of a similar nature giving it competitive advantage.
What is a competitive advantage?
A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins. Anything that gives a business an edge over its rivals, enabling it to draw in more clients and increase its market share, is considered a competitive advantage. Cost advantage is the ability to produce a good or deliver a service for less money than rivals.
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your client turns in a buy limit order for 100 shares of abc at $58. following the entry of the order, trades occur at 59,59, 58.80, 58.20, 58.40, 57.95, 57.85. at what price was this limit order triggered? $57.85. $58.20. the order was not triggered. $57.95.
According to the given scenario the limit order was triggered at $57.85.
An order to purchase shares at a certain price or less is known as a buy limit order. The request in this instance is to purchase 100 shares of ABC for $58 or less. The bid and ask prices for the stock will change when transactions take place.
The prices at which transactions take place in this situation are $59, $58.80, $58.20, $58.40, $57.95, and $57.85.The order will be activated at the lowest price at which it may be completed, which is $57.85, because the limit order is to purchase at $58 or lower.
The order is completed at this price, and 100 shares of ABC are bought at a price of $57.85 each.
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Companies only create Key Partnerships with other companies that they do not ordinarily compete with.
A. True
B. False
True. Key partnerships typically involve two companies that can both benefit from the relationship without competing directly with each other.
What is partnerships?Key partnerships refer to strategic alliances between two or more organizations that have complementary strengths and resources to help them reach mutual goals. These partnerships are formed to create mutual benefits, such as expanding market reach, increasing resources, leveraging technology, creating new products and services, and sharing risks and rewards. Key partnerships also provide opportunities to reduce costs, develop new ideas, and improve efficiency. By working together, organizations are able to pool their resources, share resources, and brainstorm ideas that are mutually beneficial. By forming key partnerships, organizations can gain access to a larger customer base, new products and services, and improved operational efficiency.
For example, a clothing retailer might form a key partnership with a fabric manufacturer, or a software company might form a key partnership with a hardware company.
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Which of the following questions are addressed by financial managers?
I. How should a product be marketed?
II. Should customers be given 30 or 45 days to pay for their credit purchases?
III. Should the firm borrow more money?
IV. Should the firm increase its dividends?
A. I and IV only
B. II and III only
C. I, II, and III only
D. II, III, and IV only
E. I, II, III, and IV
II, III, and only IV: Should customers have 30 or 45 days to pay for credit purchases? Should the company borrow more money? IV. Should the business raise its. questions are addressed by financial managers.
What concerns do financial managers address?A financial manager addresses the following three main issues: Choices for the long term: Long-term decisions are the first major issue for them. Problems connected to the money that needs to be raised: The organization's determination of funding sources is another issue.
What are a financial manager's three primary responsibilities?Tasks Include preparing forecasts, reports on business activity, and financial statements. Keep an eye on the financial details to ensure compliance with legal requirements. Supervise employees who handle budgeting and financial reporting.
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madeline made a cash gift of $30,000 to the american cancer society, a qualified public charity. madeline itemizes her deductions and has an adjusted gross income of $48,000. what is the maximum income tax deduction allowable to madeline in the current year for her charitable contribution? a) $30,000 b) $9,000 c) $28,800 d) $14,400
The maximum allowable deduction for Madeline's charitable contribution is $24,000 i.e. Option D
Contribution is the demonstration of giving or giving something of significant worth to a reason, project, or someone else. It can likewise allude to a gift of time, cash, or materials. Commitment can be both intentional and compulsory. An illustration of willful commitment is giving to a foundation, while compulsory commitment could be charges.
This is on the grounds that the aggregate sum of money commitments permitted as a derivation in any fiscal year is restricted to 60% of the citizen's changed gross pay. Subsequently, Madeline can deduct up to 60% of her AGI ($48,000) which approaches $28,800. Notwithstanding, the most extreme money commitment permitted is $30,000 so Madeline can deduct up to $24,000 in this fiscal year.
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Correct Question is -
madeline made a cash gift of $30,000 to the american cancer society, a qualified public charity. madeline itemizes her deductions and has an adjusted gross income of $48,000. what is the maximum income tax deduction allowable to madeline in the current year for her charitable contribution? a) $30,000 b) $9,000 c) $28,800 d) $24,000
what role do investment banks play in the economy?
By issuing loans or selling shares in the firms, investment bankers assist their customers in raising funds on the capital markets.
How is economics related to investment banking?
Investment banking is a distinct branch of banking that assists individuals or organizations in raising funds and providing financial advice. They act as a go-between for security issuers and investors, and they help startups go public. Investment banks are responsible for underwriting new stock offerings, managing mergers and acquisitions, and acting as financial advisors. Economics, for example, can help you understand why markets behave the way they do during a recession or a boom, and how this affects a company's short-term financial situation.
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if you borrow $24,000 to purchase a new car, what would your monthly payments be if your annual rate on the loan is 6% and the loan is for four years?
Assuming this is a standard fixed rate loan with equal monthly payments, your monthly payments will be $561.33. This calculation is based on the formula for the payment amount of a fixed rate loan.
It is calculated as Payment amount = [interest rate x present value] / (1 - (1 + interest rate)^-number of periods). In this case, the Interest Rate is 6%, the Present Value is $24,000, and the Number of Periods is 48 (4 years x 12 months). Plugging these values into the formula, the payment amount is $561.33. This amount would be the same every month for the life of the loan. In addition, the total amount of interest paid over the life of the loan would be $4,615.68.
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think of the three approaches marketers use to change consumer attitudes toward products and brands. what would be the best way for marketers at procter and gamble to change a consumer's attitude towards tide?
Marketers use three approaches to try to change consumer attitudes toward products and brands: (1) changing beliefs about the extent to which a brand has certain attributes; (2) changing the perceived importance of attributes; and (3) adding new attributes to a product
What are the approaches used by marketers?The study of marketing has four different techniques. These strategies make the marketing concept and method very obvious. These methods include the institutional, functional, commodity, and decision-making approaches. A marketing strategy is a long-term plan for attaining a company's objectives through comprehending client needs and forging an identifiable and long-lasting competitive advantage. It includes everything, from defining who your target audience is to selecting the methods you will use to communicate with them.Content marketing is the victor in terms of being the overall most successful marketing technique for small businesses. The term "content marketing" refers to the distribution of any kind of material online, including blogs, videos, social media posts, podcasts, webinars, and more.The complete question is,
Marketers use three approaches to try to change consumer attitudes toward products and brands: (1) changing beliefs about the extent to which a brand has certain attributes; (2) changing the perceived importance of attributes; and (3) __________.
*reinforcing the consumers' sense of self confidence in making wise purchase decisions
*refocusing a consumer's attention from one attribute to another
*actively educating consumers about the product's competitive advantages
*adding new attributes to a product
*attempting to change consumers' attitudes about the attributes of competitors' products
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a labor-intensive process has a fixed cost of $338,000 and a variable cost of $143 per unit. a capital-intensive process for the same product has a fixed cost of $1,244,000 and a variable cost of $92.5 per unit. how many units must be produced and sold at 197$ each for the capital intensive process to be preferred over the labor-intensive process?
The 17,941 units should be produced and sold for the capital intensive process to be preferred over the labor-intensive process.
The computation of the number of units that should be generated and sold forcapital intensive process is shown below:
Let us assume the number of units be n
Now as we know that
Total labor cost = variable cost + fixed cost
So the equations are
For labor intensive = $33,8000 + 143 n
And
For capital intensive = $1,244,000 + $92.5n
It could be written as
$1,244,000 + $92.5 n < $338,000 + $143 n
After solving it
n> 906,000÷ 50.5
n>17941
And,
$1,244,000 + $92.5 n < 197 n
After solving it
n>$1,244,000 ÷ 104.5
n>11,904
So the highest is 17,941
Therefore the 17,941 units should be produced and sold
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What is it called when companies compete with each other?
The market competition is the term which is called when companies compete with each other.
The market competition according to the economics, the market competition is the condition in which the different companies or firms are in the same contention and to obtain the goods or services which has the limited by the variation of the elements of the market.
The variation of the things in the market or during the process of marketing is price, promotion, product and place. Also, it is also known as 4P rule which means price, promotion, product and place.
During the competition, companies try to make good and high quality products at the current market price.
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navy, inc. bought a new vessel in the year 2015. the vessel cost 87,894 dollars with additional delivery expenses of 10,888 dollars. the vessel was put into service on september 4, 2015 and is depreciated using accelerated depreciation. what is the value of depreciation recorded in the accounting books for the year 2020, assuming the company decided to sell the vessel on june 5, 2020? (note: round your answer to two decimal places; do not include spaces or dollar signs.)
The vessel cost 91,140 dollars with additional delivery expenses of 11,137 dollars. The vessel was put into service on September 4, 2015 and is depreciated .
What is depreciation?
Equipment and machinery seem to be costly assets. Companies can use depreciation to spread out the cost of an asset and match depreciation expenses to related revenues in the same reporting period instead of realizing the entire cost of an asset in year one. This enables a company to deduct the value of an asset over time, most notably its useful life.
Companies depreciate their assets on a regular basis in order to transfer the costs of their assets from their balance sheets to their income statements. When a company purchases an asset, the transaction is recorded as a debit to increase an asset account on the balance sheet and a credit to reduce cash (or increase accounts payable) on the balance sheet. Neither journal entry has an impact on the income statement where revenues and expenses are reported.
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Black Friday and Cyber Monday shopping would both be examples of what factor that influences supply?
a. Number of sellers
b. Input Prices
c. Taxes
d. Productivity
describe the different types of e-commerce business models available for procurement and point out their respective benefits and disadvantages.
"E-commerce business" refers to the online exchange of goods and services between buyers and sellers.
Among the different e-commerce business models are:
B2C: Businesses that sell directly to customers. A B2C transaction is any purchase you make as a customer at an online retailer, including those for apparel, home goods, and entertainment.
B2B: In this form of commerce, a company sells its products or services to other businesses. Despite commonly reselling to consumers, buyers also act as consumers on occasion. B2B transactions, on average, have longer sales cycles but higher order values and more frequent purchases.
B2B2C: Business-to-business-to-consumer is referred to as B2B2C. In order to advertise its goods or services to end users, a corporation will collaborate with another organization.
B2G: Using the business-to-government (B2G) e-commerce paradigm, a corporation can offer and sell its products to public administrations at all levels of government, including municipal, county, state, and federal ones.
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chris is restoring a car and has already spent $3500 on the restoration. he could sell the car now for $2800. however, if chris does an additional $2000 of work, the car would be worth $5000 to potential buyers. what should chris do? chris is restoring a car and has already spent $3500 on the restoration. he could sell the car now for $2800. however, if chris does an additional $2000 of work, the car would be worth $5000 to potential buyers. what should chris do? it does not matter which action she takes; the outcome is the same either way. he should keep the car since it wouldn't be rational for him to spend so much money and then sell it for only $5000. he should complete the additional work and sell the car for $5000. he should sell the car immediately for $2800.
He ought to finish the extra work, then sell the car for $5000. Households own the production components in the straightforward circular flow diagram and sell them to businesses in exchange for money.
Describe the circular flow model with an example.In a circular flow diagram, homes use the products that the businesses sell. However, homes also provide elements to businesses so that they can make goods that the households will eventually consume. For instance, households can offer their land for the production of commodities or their labour. It is crucial to remember that while money flows in one direction for the exchange of goods and services, it flows the other way for financial expenses. The circular flow of products and services is named as a result of the fact that both flows are circular in nature. Injections are when new investments, government spending, and exports are made to add income to the flow. • Leakages are the removal of income from the flow, including taxation and savings.
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in movement along a production possibility frontier, the opportunity cost to society of getting more of one good: group of answer choices is measured in dollar terms. is measured by the amount of the other good that must be given up. usually decreases. is constant.
The correct option of this question is: C) is measured by the amount of the other good that must be given up.
While producing goods, opportunity cost is surrendered when you take resources from one product to produce another. The maximum amount that can be produced is illustrated by a curve on a chart.
The production possibility frontier (PPF) is over the average performer, illustrating impossible scenarios given the accessible resources.
The PPF demonstrates that the production of one ware might increase provided that the production of the other item decreases.
The PPF is a decision-production device for managers settling on the optimum product blend for the organization.
The PPF is the region on a chart representing production levels that can't be gotten given the accessible resources; the curve represents ideal levels. Here are the assumptions in question:
An organization/economy wants to produce two products
There are restricted resources
Technology and techniques stay constant
All resources are fully and productively used
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The correct question is:
In movement along a production possibility frontier, the opportunity cost to society of
getting more of one good:
A) is always constant.
B) is measured in dollar terms.
C) is measured by the amount of the other good that must be given up.
D) usually decreases.