There is/are no supply curve(s) possible when a downward sloping demand line exists because there is no price(s) where a monopoly firm will supply a given quantity.
The supply curve in economics is a graph of the relationship between the price of a product and the quantity of product that the seller is willing to supply. Product prices are measured on the vertical axis of the chart, and product quantities are shipped on the horizontal axis.
In most cases, the supply curve is a gradient that increases from left to right because the price of the product is directly related to the supply (that is, the supply increases as the price of the product rises in the market). It is drawn as. This relationship is affected by certain Ketteris Palibus conditions (other conditions are equal) that remain constant.
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Multiple Select Question Select all that apply Bad Debt Expense ______. (Check all that apply.) Multiple select question. should exceed the revenue generated from incurring the cost is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate
Bad Debt Expense is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate.
When a receivable is no longer recoverable as a result of a customer's inability to pay an outstanding debt owing to bankruptcy or other financial issues, a bad debt expense is recorded.Big Store stops paying its debts and fails to reimburse Company XYZ for goods valued at $100,000. Company labels the $100,000 as a bad debt because it has little faith that Big Store will ever make good on its obligations.When a customer's repayment of previously granted credit is thought to be uncollectible and is therefore recorded as a charge off, a business incurs a bad debt expense.Bad debt charges are categorized as operating costs and are typically listed under selling, general, and administrative costs on your company's income statement.Thus this is the answer.
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A _____ entity has a primary key that is partially or totally derived from the parent entity in the relationship. A _____ entity has a primary key that is partially or totally derived from the parent entity in the relationship. Strong child weak business
A weak entity has a primary key that is partially or entirely generated from the relationship's parent entity.
An entity type should contain a key attribute that uniquely identifies each entity in the entity set, although certain entity types do not have a key attribute. These are known as Weak Entities.
Entity sets with insufficient properties to generate a primary key are referred to as weak entity sets, whereas entity sets with a primary key are referred to as strong entity sets. Because the weak entities lack a primary key, they cannot be recognized on their own and must rely on another entity (known as owner entity).
Hence, the correct option is weak entity.
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The journal entry for the issuance of an interest-bearing note for the purpose of borrowing funds for the business is
The journal entry for the issuance of an interest-bearing note for the purpose of borrowing funds for the business is Debit cash.
What is Debit Cash?When a person uses debit cash, money is automatically taken out of their checking account. These cards, which are sometimes known as "check cards" or "bank cards," can be used to make purchases of products or services, withdraw cash from an automated teller machine, or make additional purchases at merchants who will accept them.You might not be able to make a very large purchase using debit cash because they typically have daily spending limits.A personal identification number is typically not required to use a debit card (PIN).
Hence, Debit cash is the journal entry for issuing an interest-bearing note for the purpose of borrowing money for the company.
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The ___________ is the organization primarily responsible for establishing governmental auditing standards. GASB PCAOB AICPA GAO FASAB
The GASB (Governmental Accounting Standards Board) is the organization primarily responsible for establishing governmental auditing standards.
Governmental Accounting Standards BoardThe Governmental Accounting Standards Board (GASB), founded in 1984, is an independent, private-sector organization based in Norwalk, Connecticut, that develops accounting and financial reporting standards for state and local governments in the United States that adhere to Generally Accepted Accounting Principles (GAAP).The GASB is in charge of GAAP. The aim of the board is to promote financial reporting that is clear, uniform, transparent, and comparable.While publicly traded firms must follow FASB accounting rules, state and local governments are not compelled to adopt GASB accounting standards.The GASB is primarily funded by accounting support fees paid by municipal bond brokers and dealers.To learn more about Governmental Accounting Standards Board refer to:
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Katie was notified in November that she will be receiving a $75,000 bonus. This is her first year as an executive and she is thrilled, but she is concerned about the tax impact. She decides to take $25,000 in December (the normal payable date) and to defer the residual for 15 years when she plans to retire. Has she violate the economic benefit rule with this decision
When Katie decides to take $25,000 in December (the normal payable date) and to defer the residual for 15 years when she plans to retire. "She does not violate the economic benefit rule with the decision."
What is Economic Benefit Rule?It is a principle of taxation that affects taxpayers with cash basis who are paid for their services.
According to its provisions, a taxpayer is subject to taxation if they derive a "economic benefit" from an unqualified right to acquire property in the future.
Some examples of economic benefit rule are-
net income and revenues,profit and net cash flow,a decrease in anything, such a cost, cheaper labour or raw material costs.Thus, the benefit a person receives from paying less for a good than the utmost price they are willing to pay for it is known as the net economic benefit.
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Bob visited the offices of MASS, a successful insurance company in Boston. MASS needs people who are good with numbers. When Bob visited, he noticed that the analysts wore conservative suits and their desks were laid out in a large space like a warehouse, without cubicles, walls, or decorations. The ________ seemed like a clue to a miserly culture.
Bob visited the offices of MASS, a successful insurance company in Boston. MASS needs people who are good with numbers. When Bob visited, he noticed that the analysts wore conservative suits and their desks were laid out in a large space like a warehouse, without cubicles, walls, or decorations. The physical space and décor seemed like a clue to a miserly culture.
What is Insurance Company ?Insurance company are financial intermediaries which offer direct insurance or reinsurance services, providing financial protection from possible hazards in the future.
Insurance companies assess the risk and charge premiums for various types of insurance coverage. If an insured event occurs and you suffer damages, the insurance company pays you up to the agreed amount of the insurance policy. The way insurance companies work, they can pay this and still make a profit.
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_______ provides a live notification when its customers are close to physical stores that sell its products. The company then uses Foursquare to send them coupons and discount information.
PepsiCo sends out real-time notifications to customers when they are near physical locations that sell its products. The firm then sends consumers discounts and discount information via Foursquare.
It exemplifies Social Commerce. Social Commerce is a subset of ecommerce that uses social media and customer interactions to support online transactions.
Social commerce is an ecommerce sub-segment in which merchants sell things directly through social networking platforms, allowing potential customers to engage with brands, explore goods, and make purchases. In contrast to social media marketing, social commerce allows clients to check out straight from social networks.
Therefore, the answer is PepsiCo.
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What should an organization do once it has determined the sources of information to fulfill the marketing research objectives? Gather the relevant data from secondary or primary sources, or both. Analyze, interpret, and summarize the information gathered. Conduct surveys and in-depth interviews with the respondents. Consider the costs and benefits of the research effort. Effectively communicate the results to decision makers.
Consider the costs and benefits of the research effort.
Once the organization has determined the sources of information to fulfill the marketing research objectives, it should consider the costs and benefits of the research effort.
What are the steps of marketing research process?Locating and defining issues or problems is the first step: This step focuses on defining the parameters of a circumstance or issue pertaining to marketing strategy or implementation. The researcher should consider the study's goal, any pertinent background knowledge, the information that is required, and how the information will be used in decision-making when describing the issues or problems.Planning the Project for Market Research: This step focuses on developing a market research strategy or broad approach on how you're going to address the identified issue or problem. A framework or blueprint for carrying out the marketing research project is a research plan or approach. Gathering data: This step focused on gathering the data you'll need to address the issue or problem you identified. When gathering data, a field force or staff is used. They can work in the field, as in the case of conducting in-person interviews, from an office over the phone, or through the mail.Research Data Interpretation: This step focuses on reviewing the evidence and drawing a conclusion that resolves the issue.Report findings from research: The last step is to inform people who require the information to make judgments about the results of the market research. In order to be effectively used in the decision-making process, the findings should be presented in an understandable manner. To further improve clarity and effect, a verbal presentation to management should be delivered using tables, figures, and graphs.Learn more about marketing research here:
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Ahmed is in charge of hiring new employees for his company. He wants to hire people who are very organized, responsible, and will work hard for the company. In which trait is Ahmed MOST interested
the qualities to look for in new employees are hard work, dedication and motivation
qualities for jobs-
it is necessary for an HR to be well educated to be able to decipher their inner qualities to judge their suitability for the job. the person must never shy away from working hard and and must be interested in the job. it is only then that they would be motivated to do the work on each day. they should be willing to accept constructive criticism and work on it. they must be eager to gain new knowledge. these are a few things to search in a new employee before hiring them.
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As a project manager, you choose the best project management methodology for your team and ensure they adhere to it throughout the project. What project management responsibility does this represent?
The project management responsibility that this represent is helping teammate adopt the right workflows and project management styles.
Who is a project manager?It should be noted that a project manager simply means the person that is in charge of a project
In this case, the project management responsibility that this represent is helping teammate adopt the right workflows and project management styles.
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Suppose country A and country B are trading partners. The imposition of tariffs by country A on goods from country B may not be a sound economic idea because it would likely lead to ______.
If country A imposes tariffs on goods from country B, it could lead country B to retaliate against country A.
What happens when countries impose tariffs?When a nation imposes tariffs on another nation, it makes goods from that other country more expensive and will therefore limit trade.
The other country might then reply by placing tariffs on the goods of the first country as country B might do here.
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Your home and property have a market value of $240,000. To meet the coinsurance provision, you would need at least ________ of insurance. Question 13 options: $144,000 $168,000 $192,000 $216,000 None of these
Your home and property have a market value of $240,000. To meet the coinsurance provision, you would need at least $192,000 of insurance.
A property insurance clause that reduces the insured's ability to recover losses if the limit of insurance obtained by the insured is less than or equal to a certain percentage (often 80%) of the value of the insured property.
When a property owner fails to keep insurance coverage equal to at least 80% of the replacement cost of the home, the coinsurance formula is used. A property owner effectively agrees to retain some of the risk if they purchase insurance for less than the minimum amount needed by the coinsurance provision.
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What is the approximate market value of a bond that pays $60 interest each year if comparable interest rates have dropped to 5 percent
The approximate market value of such a bond based on the interest pay year and the drop in comparable interest rates is $1,200.
How can the bond's market value be found?The value of the bond can be found as:
= Interest payment per year / Decrease in interest rates
Solving gives:
= 60 / 0.05
= $1,200
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In socialism: Multiple select question. individuals own some smaller businesses and property government owns and operates some basic industries such as steel mills, utilities, or transportation citizens rarely work in government-operated organizations. taxes and unemployment tend to be low
In socialism some of the basic businesses are owned by the government.
What does socialism mean?A political and economic system known as socialism is, broadly speaking, one in which the state or government typically controls property ownership and the means of production. Socialism is predicated on the notion that a more egalitarian society results from collective or public ownership of resources and manufacturing equipment.
What benefits does socialism have?Everybody has access to essential goods under the socialist system, even those who are unable to contribute. As a result, the system works to reduce the amount of poverty in the community.
What is socialism's primary objective?Social equality, a wealth distribution based on one's contribution to society, and an economic system that would benefit society as a whole are among socialism's main goals.
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In socialism some of the basic businesses are owned by the government.
Which is better capitalism or socialism?Contrary to what socialists claim, capitalism, with all of its flaws, has been found to be the most effective economic system for lifting the majority of people out of poverty and transforming them into valuable members of society both in the United States and around the world. Keep in mind that whereas socialism encourages mediocrity, capitalism honors excellence.What does socialism mean?Generally speaking, a socialist political and economic system is one in which the state or government has control over property ownership and the means of production. Socialism is based on the idea that collective or public ownership of resources and production machinery leads to a more equal society.What benefits does socialism have?Under the socialist system, everyone has access to necessities, even those who are unable to contribute. As a result, the system attempts to lower the level of poverty in the neighborhood.Learn more about socialism here:
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When servicing rights for flood and hazard insurance are transferred, it is the responsibility of the ___________ to notify the insurance company.
When servicing rights for flood and hazard insurance are transferred, it is the responsibility of the insurance holder to notify the insurance company.
What is insurance?An effective way to guard against financial loss is insurance.It is a method of risk management that is primarily employed to protect against the risk of a potential loss. An organization that offers insurance is referred to as an underwriter, insurer, insurance business, or insurance carrier.What is an insurance company?A firm whose primary and dominating commercial activity throughout the tax year is the issuance of insurance or annuity contracts or the reinsuring of risks underwritten by insurance companies is referred to as an insurance company.Therefore, When servicing rights for flood and hazard insurance are transferred, it is the responsibility of the insurance holder to notify the insurance company.
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. _________________ results when an economy experiences high unemployment and high inflation at the same time
high prices of goods and the change of currency
Explanation:
the the government loses a huge amount of money the currency demands a high exchanging rate
When you get hired for a well-paying job, you will most likely view older used cars as complementary goods. normal goods. substitute goods. inferior goods.
When you get hired for a well-paying job, you will most likely view older used cars as inferior goods.
What are inferior goods?As consumer income rises, customer demand declines for a class of inferior goods. Low-cost alternatives to "normal products," or necessities like food and household supplies, are frequently found in inferior goods. For instance, when someone's wage is cut, they might buy cheaper, poorer things than they would otherwise. When their earnings increases again, they're more likely to buy regular things rather than cheap ones.
The word "inferior" refers to the product's price and perceived worth rather than its quality. The quality may occasionally be inferior to an equivalent standard good, but it may also occasionally be the same. In reality, there are occasions when the only distinctions between regular goods and equal substandard goods are the packaging and price of the goods.
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During hyperinflation, the value of money: Multiple choice question. falls slowly rises slowly does not change falls rapidly rises rapidly
The value of money grows fast during hyperinflation.
Hyperinflation is defined by fast and unrestricted price rises in an economy, generally at rates greater than 50% per month over time. In times of war and economic turbulence in the underlying manufacturing sector, along with a central bank creating an excessive quantity of money, hyperinflation can arise.
As essential items such as food and gasoline become limited, hyperinflation can cause price increases.
While hyperinflations are uncommon, once they start, they may quickly spiral out of control.
Therefore, the correct option is rises rapidly.
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Private saving equals ____; public saving equals ______; national saving equals ____. Group of answer choices 800; 200; 600 800; 200; 1,000 1,000; 800; 1,000 1,500; 700; 2,700
Answer:
Private saving equals 1500,public saving equals 1000,national saving equals 2700
Private saving equals 1500, public saving equals 1000, and national saving equals 2700.
Saving is a system of putting aside a part of contemporary income for future use or the drift of sources accumulated in this manner over a given time period. Saving may also take the form of increases in bank deposits, purchases of securities, or accelerated cash holdings.
Saving cash offers you a manner out of the uncertainties of life and gives you the possibility to revel in an excellent life, placing aside a sum of money in a systematic manner allows you to steer out of many hurdles and barriers in lifestyles.
The significance of saving money is easy: It permits you to revel in extra security in your lifestyle. When you have cash set aside for emergencies, you've got a fallback must something sudden manifests. And, if you have financial savings set aside for discretionary fees, you will be capable of taking risks or attempting new things.
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Marshall suggested that the cause of a downward-sloping long-run supply curve is a. The absence of fixed cost in the long run. B. The increased number of firms in the industry. C. Reduced input prices. D. Reduced output prices.
Marshall suggested that the cause of a downward-sloping long-run supply curve is A) The absence of fixed cost in the long run.
A fixed fee has a bent to increase the marginal cost curve in the quick run however due to the reality that the constant cost isn't feasible ultimately, the marginal charge declines and so the prolonged-run supply curve is falling ultimately.
In a decreasing fee enterprise, the prolonged-run deliver curve is downward sloping due to the reality that as output will grow and new businesses input, production expenses decline. The computer company is an example of a downward sloping transport curve, considering the truth that because the style of computer systems produced multiplied, the charge of inputs, together with chips, declined.
The lengthy-run deliver curve for an employer in which production charges boom as output rises (a developing-value industry) is upward sloping. The long-run deliver curve for a business enterprise in which manufacturing fees decrease as output rises (a decreasing-price business company) is downward sloping.
The lengthy-run shipping is the shipping of goods available at the same time as all inputs are variable. The lengthy-run delivery curve is continuously extra elastic than the fast-run shipping curve. The lengthy-run common fee curve envelopes the short-run commonplace rate curves in the u-customary curve.
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What is the real interest rate if the current nominal interest rate is 10% and the inflation is 6.5%
Answer:
65.0
Explanation:
it will mutiple the the inflation rate and the more the inflation the bigger the interest
Mail order selling, catalog sales, and telemarketing are all examples of: Group of answer choices indirect marketing personal selling direct marketing impersonal marketing channel bypass marketing
The correct option is channel bypass marketing.
Mail order selling, catalog sales, and telemarketing are all examples of channel bypass marketing.
Working with a third party to sell your goods or services is known as channel marketing. Compared to more conventional growth methods, it is a quicker and more productive strategy that can be beneficial to organizations of all sizes and in a variety of industries.
When channel partners are forced to compete with one another or the internal sales team of a vendor, this is known as channel conflict. The indirect sales division of a vendor consists of channel partners, such as value-added resellers and IT services providers.
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if demand increases while supply remains unchanged the equilibrium price of the product will and the equilibrium quantity will
An increase in demand while the supply remains unchanged causes equilibrium price and quantity to increase.
If demand increases and supply does not change, shortages will occur and equilibrium prices will rise. If demand falls and supply does not change, there will be a surplus, and equilibrium prices will fall. If demand does not change and supply increases, the surplus will occur and the equilibrium price will fall.
An increase in demand and a decrease in supply will increase the equilibrium price, but the impact on the equilibrium amount cannot be determined. 1.1. For each quantity, consumers will appreciate the goods and producers will have to have higher prices to supply the goods. Therefore, the price will go up.
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Junji is the sales manager for a firm located in a northwest province of China. His product is clearly the market leader in that province. Junji suggests that his firm implement a regionwide price reduction of all its product lines to discourage new firms from entering his lucrative market. Which company objective is being promoted
Competitor orientation company objective is being promoted.
What does competitive orientation mean?The amount of effort one puts into competing may be influenced by their competitive orientation, which is described as the urge to strive for success in competitions.What is competition oriented?A pricing strategy in which factors such as consumer demand and manufacturing costs are less important than the price of a comparable product supplied by a strong competitor; also known as competition-based pricing.What is competitor oriented marketing?Market-oriented pricing, sometimes referred to as competition-oriented pricing, refers to setting your product or service prices based on those of your competitors rather than taking consumer demand and your own costs into account.Additionally, this pricing strategy entails studying and researching your target market.Learn more about competition oriented here:
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You are managing a digital marketing campaign with the following characteristics: 30 day duration; $18,000 cost; 580,000 impressions; 40,000 clicks; $92,000 in sales revenues. Rounding to the nearest cent, what is the CPC for this campaign? Group of answer choices $2.30 $0.45 $2.22 $0.42 .03
The CPC for this campaign will be $2.22.
CPCCost-per-click (CPC) bidding means that you pay for each click on your ads. For CPC bidding campaigns, you set a maximum cost-per-click bid - or simply "max. CPC" - that's the highest amount that you're willing to pay for a click on your ad (unless you're setting bid adjustments, or using Enhanced CPC).
CPC) is calculated by dividing the total cost of your clicks by the total number of clicks. Your average CPC is based on your actual cost-per-click (actual CPC), which is the actual amount you're charged for a click on your ad. Note that your average CPC might be different than your maximum cost-per-click .
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A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is ________ and his average revenue is __________.it cannot change its quantity of output. a.$50; $5 b.$500; $5 c.$500; $50 d.$5,000; $500
The correct option is b.$500; $5
A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is $500 and his average revenue is $5 .it cannot change its quantity of output.
Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations. The top line (or gross income) figure is what is used to calculate net income by deducting costs. Sales are another name for revenue in the income statement.
The amount made per unit of output is referred to as average revenue. In other words, it is the money the seller makes from each commodity unit that is sold. Divide the entire revenue by the total output to get the average revenue for a company.
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A company pays each of its two office employees each Friday at the rate of $240 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
Debit Salaries Expense $960 and credit Salaries Payable $960.
What is salary expense?Salaries expense is the fixed pay earned by employees. The expense represents the cost of non-hourly labor for a business. It is frequently subdivided into a salaries expense account for individual departments, such as: Salaries expense - accounting department. Salaries expense - engineering department.Salary expense per employee = $240 per day
Number of employees = 2
Salary expense for 2 days = Salary expense per employee * Number of employees * 2 = $240 * 2 * 2 = $960
Now, calculate salary -
Date Account title Debit Credit
Salaries expense $960
Salaries payable $960
(To record salaries expense for 2 days)
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Trevor's boss told him that he would now also be responsible for answering the phones and filing correspondence in addition to the tasks he already did. This provided Trevor with an even wider range of tasks and is an example of ______.
The responsibility for answering the phones and filing correspondence in addition to the tasks is an example of extension.
What is an extension?An extension refers to doing an even wider range of tasks in addition to the tasks assigned. Task switching is a sort of multitasking that involves switching between several abilities, tasks, or cognitive sets. Multitasking is the practice of dividing one's attention among several skills, tasks, or cognitive sets.The process of working as an extension involves interspersing and overlapping the execution of various programs. This is frequently accomplished by taking advantage of the discrepancy between a computer's quick processing power and its slower input/output devices.If necessary, put off other chores so that one may focus entirely on the important ones when working as an extension.In order to do the assignment on time, one may need to make wise choices, such as calling off a meeting. A good leader may change with the times and deviate from the norm to deal with the problems at hand.To learn more about Multitasking refer to:
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What is an independent agency? Group of answer choices an executive branch organization that is part of a cabinet an executive branch organization that is very much like a government corporation an executive branch organization that is established by Congress an executive branch organization that has broad powers to provide a public service that is either too expensive or too important to be left to private companies both c and d
C) An executive branch organization that is established by Congress.
An independent agency is what?Federal executive departments (those led by a Cabinet secretary) and the Executive Office of the President do not constitute independent entities of the United States government. In a more specific sense, the term only refers to those independent agencies that, despite being regarded as members of the executive branch, have the power to regulate or make rules and are exempt from presidential control, typically because of the president's ability to fire the agency's head or a member is constrained.
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You learnedthat changes in demand are caused by non-price determinants of demand that can be remembered by the acronym TRIBE. You learned
that changes in supply are caused by non-price determinants of supply that can be remembered by the acronym ROTTEN. List 5 non-price
determinants of either demand or supply that cause changes in the market. To receive credit, you have to indicate whether the non-price determinant
you listed affects demand or supply.
Some non-price determinants that cause changes in the market are:
Income.Future price expectations.Price of substitute goods.Price of complementary goods.Changes in tastes and preferences.What is a Non-Price Determinant?This refers to the factors that are not related to the price that causes a change in the need for a product which shifts the demand curve.
Hence, we can see that these non-price determinants are important as they have an effect on the demand of a good such as availability of a substitute good, its price, etc.
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