The economic problem refers to the fundamental issue of scarcity, where unlimited wants and needs clash with limited resources. It involves making choices about how to allocate these scarce resources efficiently. Supply is the quantity of goods and services that producers are willing and able to offer in the market at different price levels. The costs of production encompass the expenses incurred in the process of creating goods and services, including factors such as labor, capital, and materials. Understanding these concepts is crucial in analyzing and managing economic systems effectively.
The economic problem is rooted in the fact that resources are limited while human wants and needs are virtually infinite. This creates a situation of scarcity, where individuals, businesses, and societies must decide how to best allocate their limited resources among competing alternatives. It necessitates making choices that involve trade-offs, as producing more of one good typically means producing less of another. This concept is central to the study of economics and is applicable at both the microeconomic (individual and firm level) and macroeconomic (national and global level) perspectives.
Supply, on the other hand, represents the quantity of goods and services that producers are willing and able to offer in the market at different price levels. It is influenced by factors such as production costs, technological advancements, resource availability, and market conditions. Producers aim to maximize profits by offering goods and services at prices that cover their costs while satisfying consumer demand. The relationship between price and quantity supplied is typically depicted by the supply curve, which slopes upward, indicating that producers are willing to supply more at higher prices.
Costs of production encompass the various expenses incurred in the process of creating goods and services. These costs include both explicit costs, such as wages, rent, raw materials, and utilities, as well as implicit costs, such as the opportunity cost of using resources in a particular manner. Labor costs reflect wages paid to workers, while capital costs involve expenses related to machinery, equipment, and buildings. Understanding costs of production is crucial for businesses to determine their pricing strategies, make production decisions, and evaluate profitability. By managing costs effectively, firms can strive to achieve optimal levels of production and maximize their overall efficiency and competitiveness in the market.
In conclusion, the economic problem revolves around the challenge of allocating limited resources to fulfill unlimited wants and needs. Supply represents the quantity of goods and services offered by producers at different price levels, while costs of production encompass the expenses involved in the production process. By comprehending these fundamental economic concepts, individuals and businesses can make informed decisions, analyze market dynamics, and develop strategies to navigate the complexities of the economic landscape.
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Answer:
why?
Explanation:
Answer:
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Explanation:
krysta wants to take piano lessons. she asked a teacher how many new pieces she could expect to learn each month. the teacher gave an estimate of 3. write an equation that shows how the total number of pieces krysta would learn, y, depends on the number of months of piano lessons, x.
The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.
What is the Linear equation?A linear equation is defined as an equation in which the highest power of the variable is always one.
Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.
Let y represent the total number of pieces Krysta would learn,
And x represent depends on the number of months of piano lessons,
According to the given situation, we can write the equation would be as:
⇒ y = 3x
Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
What do economists mean by an economically efficient level of pollution? the economically efficient level of pollution is that amount where.
Do economists mean by an economically efficient level of pollution the economically efficient level of pollution is that amount where. The green stage of pollutants is the amount at which its general advantages exceed its general fees through the finest viable amount. This happens wherein the marginal advantage of an extra unit of pollutants equals its marginal cost.
The Economically Efficient Level of Pollution Reduction. Ex) Key factor is that the extra advantage this is the marginal advantage acquired from putting off some other ton of sulfur dioxide declines as sulfur dioxide emissions are reduced.
Although, all of us understand pollutants is a terrible thing, but economists argue that the finest stage of pollutants is rather better than zero. The predominant cause in the back of its miles that whilst the pollutants stage is same to zero then no monetary hobby or manufacturing hobby came about in an economy.
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True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization
The following question is : false
The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:
b). False
'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.Learn more about 'Non-Profit Organization' here:
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A company that pays attention to the
will consider the CSR practices
of other groups with whom they do business and from whom they purchase
resources
A company that pays attention to the supply chain will consider the CSR practices of other groups with whom they do business and from whom they purchase resources.
It is critical to maintaining a competitive edge, especially with Amazon making significant advances in worker safety and pay.
In the age of e-commerce, supply chain performance is dependent on the information available to customers, therefore a strong CSR strategy is critical to ensuring that a lapse does not cost the firm its image, millions of dollars in lost sales, or even penalization by watchdog organizations.
Because CSR supply chains and integrated systems work hand in hand, warehouse managers should make CSR-conscious decisions through decreasing waste.
In other words, supply chain management should start integrating systems and cutting waste right away.
Working with a third-party integrator, such as Veridian, may be beneficial in attaining these objectives.
Hence, the answer is supply chain.
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70 POINTS TO THE ONE WHO ANSWERS THIS QUESTIONS!!!
*please and ty*
Question 11
What can a job candidate communicate through a video introduction that they can't convey via their resume?
the type of people in their professional network.
Odetails about their education and certification.
their work experience and past employers.
their personality through body language.
Question #12
As a last step Mario hits send on a company press release, what should he do to ensure it is accurate?
A. Produce an outline to organize the content in the document.
B. Double-check all spelling in the document .
C. Evaluate the logic and persuasiveness of the document.
D. Change the front that is used in the document.
Question #13 what it's the FIRST step in solving a costumer service problem?
A. Define the problem.
B. Resolve the problem.
C. Evaluate solutions to the problem.
D. Describe the problem.
What a job candidate can communicate through a video introduction that they can't convey via their resume is "their personality through body language".
What is communication?Communication refers to the exchange of data or information between two entities, that is, sender and the receiver.
what Mario should do as a last step in order to ensure the company press release is accurate is to "Double-check all spelling in the document".The first step in solving a costumer service problem is "define the problem"The type of supporting documents samir might link as an additional important information is "an online portfolio of his previous news stories".The type of embarrassing error which could be avoided by checking accuracy is refered to as "gaffe".Paulina hopes displaying such quality of critical skill will show her accountability.What it meant if someone is said to be speaking off the cuff is "they are speaking without planning what they will say"Learn more about communication:
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2. A flexible tape with different type of measurements essential for taking
body measurements.
a. ruler
b. yard stick
c. hem gauge
d. tape measure
You should not be descriptive when writing a business letter?
True
False
Answer:
False
Explanation:
In descriptive writing, the author uses details to express their ideas. They use words to evoke emotions and paint a picture of the message they are trying to convey.
A business letter should be brief, concise, and clear. The author of a business letter should use as few words as possible to put their message across. For this reason, descriptive writing is not good for business letters.
Answer:
false
Explanation:
what will happen to the demand curve if government regulations require that all households have at least two carbon monoxide alarms instead of just one
when working with interval-ratio data, the optimal strategy for predicting y while taking x into account would be to
When working with interval-ratio data, the optimal strategy for predicting y while taking x into account would be to use linear regression analysis.
This is because interval-ratio data has equal intervals and a true zero point, which makes it suitable for linear modeling.
Linear regression analysis allows us to examine the relationship between two variables, x and y, by creating a straight line that best fits the data points. This line can then be used to predict y values for a given x value, based on the slope and intercept of the line.
It is important to note that linear regression assumes a linear relationship between x and y, and also assumes that the residuals (differences between predicted and actual y values) are normally distributed.
Therefore, it is necessary to assess the assumptions of linear regression before using it to make predictions.
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a manager who rates an employee's performance largely on the basis of the employee's behavior in the last month, rather than considering the entire six-month evaluation period, commits a
The last month, rather than considering the entire six-month evaluation period, commits a recency error.
What is evaluation?
Evaluation is the methodical determination of a subject's merit, worth, and significance using standards-based criteria. It can help an organisation, programme, design, project, or any other intervention as well as initiative evaluate any goal, realisable concept or proposal, or any alternative, to aid in decision-making; or to determine the level of achievement or value in relation to the goal and objectives, as well as the outcomes of any such action that has been taken. In addition to providing insight into past or current initiatives, evaluation's main goal is to promote reflection and help identify potential areas for future change.
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Excuses that sound like objections are often called what?
A. scape goats
B. smoke screens
C. dead give aways
D. ignore markers
The correct answer is B. smoke screens. Smoke screens are excuses that are used to hide or cover up the real reason for an objection.
They are often used to deflect attention away from the real issue at hand and can be used as a tactic to avoid having to deal with a difficult situation. Smoke screens can be used in a variety of contexts, such as in business negotiations, personal relationships, and political debates. It is important to be aware of smoke screens and to try to get to the root of the objection in order to address it effectively.
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(RR calculation) Determine to the nearest percent the IRR on the following projects a. An initial outlay of $11,000 resulting in a free cash flow of $3,000 at the end of year 1. 56,000 at the end of year 2. and $9,500 at the end of year 3 b. An initial outlay of $11.000 resulting in a free cash flow of 59.500 at the end of year 1. 56,000 at the end of year 2, and $3,000 at the end of year 3 c
The IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.
To calculate the IRR (internal rate of return) for these projects, we need to use the formula:
NPV = ∑(Cash Flow / (1 + r)^t) - Initial Outlay
Where NPV is the net present value, Cash Flow is the cash flow for each year, r is the discount rate or IRR, t is the year of the cash flow, and Initial Outlay is the initial investment.
For project A, the NPV would be:
NPV = -11,000 + $3,000/(1+r) + 56,000/(1+r)^2 + 9,500/(1+r)^3
To solve for r, we can use a financial calculator or spreadsheet program. The IRR for project A is approximately 17%.
For project B, the NPV would be:
NPV = -11,000 + 59,500/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3
Again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project B is approximately 20%.
For project C, the NPV would be:
NPV = -11,000 + 56,000/(1+r) + 56,000/(1+r)^2 + 3,000/(1+r)^3
Once again, we can use a financial calculator or spreadsheet program to solve for r. The IRR for project C is approximately 19%.
In summary, the IRR for project A is 17%, the IRR for project B is 20%, and the IRR for project C is 19%, all rounded to the nearest percent.
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journal
March 01 March 03 March 09 March 15 March 27 Debit balance of Binod account Rs.25,000. Sold goods to Binod Rs.20,000. Sold goods for cash Rs. 10,000. Cheque received f
Journal entries of the given transactions are as follows.
Debit balance of Binod account Rs.25,000.Binod A/C.......Dr 25000
To cash A/C 25000
Sold goods to Binod Rs.20,000.Binod A/C.......Dr 20000
To Sales A/C 20000
Sold goods for cash Rs. 10,000.cash A/C.......Dr 10000
To Sales A/C 10000
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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What causes the gross domestic product to go up?
A.) a rising unemployment rate
B.) more investment in businesses
C.) a reduction in exports
D.) less government spending
Answer: B
Explanation: No
More investment in businesses causes the gross domestic product to go up. Thus, option 'B' is the correct option.
What is the gross domestic product?Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a certain time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The contribution of each industry or sector to the overall GDP may also be quantified.
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What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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It is time for you to schedule a dental checkup. The responsible thing to do is to _____.
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Make the appointment for during lunch time so you work can take a long lunch
Make the appointment for Friday afternoon so you only miss half a day's work
Make the appointment either before or after work in such a way that it has little or no effect on your work schedule
Answer:
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Explanation:
litigation under aca was sufficiently addressed. true or false?
The statement is false: litigation under the Affordable Care Act (ACA) has not been sufficiently addressed.
What is the Affordable Care Act?Also commonly known as Obamacare, it is a law enacted in 2010 that requires adults without health insurance to purchase one.
There have been numerous lawsuits challenging various aspects of the ACA, including challenges to the individual mandate, the employer mandate, and the contraceptive coverage requirement.
While some of these lawsuits have been resolved, others are still ongoing. Additionally, new legal challenges to the ACA continue to arise.
As a result, it is not accurate to say that litigation under the ACA has been sufficiently addressed.
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What does it mean when they say overhead was overapplied? What does it mean when they say overhead was underapplied? (Explain it in simple terms and as if the reader has no prior knowledge of managerial accounting)
Overhead is the total expenses that a company incurs while producing goods and providing services. It comprises all indirect costs that are not directly related to the production of goods or services.
These indirect costs are costs that cannot be traced to a particular product, such as rent, utilities, salaries, and depreciation.
Overapplied Overhead: When a company applies more overhead costs to its products than it incurs in actuality, it is known as overapplied overhead. This indicates that the actual overhead expenses were less than the overhead that was applied to the products. When overhead is overapplied, it means that the overhead expenses are higher than what was initially predicted or budgeted for.
Underapplied Overhead: When the actual overhead expenses are more than the overhead that was applied to the products, the overhead is underapplied. This indicates that the actual overhead expenses were more than what was initially predicted or budgeted for. When overhead is underapplied, it means that the overhead expenses are lower than what was initially predicted or budgeted for.
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All of the following are true about the post-closing trial balance, except: a.It is prepared after posting the closing entries to prove the equality of the debit and credit balances in the general ledger accounts. b.Only permanent accounts are listed in the post-closing Trial Balance. c.The owner's capital balance listed on the post-closing Trial Balance was updated to reflect revenues, expenses, and drawing for the accounting period. d.It is prepared before the closing process.
Answer:
All of the following are true about the post-closing trial balance, except:
d.It is prepared before the closing process.
Explanation:
The post-closing trial balance is rather prepared after the closing process. This is the reason it is described as a post-closing trial balance. Only permanent accounts (balance sheet) are listed on the post-closing trial balance. The post-closing trial balance ensures that the capital account is updated with the retained earnings (net income less drawings), as the case may be.
A parcel of real estate is encumbered by a conventional mortgage with a prepayment penalty. If it is sold, the seller may pay the penalty. Group of answer choices True False
Mortgage agreement and understand any prepayment penalty clauses before selling a property to be prepared for any potential financial obligations related to the penalty. Hence, the statement is True.
In the case of a parcel of real estate encumbered by a conventional mortgage with a prepayment penalty, the seller may indeed be responsible for paying the penalty if the property is sold before the mortgage term is completed.
A prepayment penalty is a provision included in some mortgage agreements that imposes a fee or penalty on the borrower if they pay off the mortgage loan before a specified period of time. This penalty is often calculated as a percentage of the outstanding loan balance.
When a seller decides to sell a property with an existing mortgage that has a prepayment penalty, they will typically be responsible for paying the penalty as part of the closing costs. This is because the seller is essentially paying off the mortgage earlier than originally agreed upon, triggering the prepayment penalty.
It is important for sellers to review their mortgage agreement and understand any prepayment penalty clauses before selling a property to be prepared for any potential financial obligations related to the penalty.
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On December 31, 2012, Pacifica, Inc., acquired 100 percent of the voting stock of Seguros Company. Pacifica will maintain Seguros as a wholly owned subsidiary with its own legal and accounting identity. The consideration transferred to the owner of Seguros included 50,000 newly issued Pacifica common shares ($20 market value, $5 par value) and an agreement to pay an additional $130,000 cash if Seguros meets certain project completion goals by December 31, 2013. Pacifica estimates a 50 percent probability that Seguros will be successful in meeting these goals and uses a 4 percent discount rate to represent the time value of money. Immediately prior to the acquisition, the following data for both firms were available:
Seguros Company
Pacifica, Inc. Book
Values Fair
Values
Revenues$ (1,200,000) Expenses 875,000 Net income $ (325,000) Retained earnings, 1/1/12 $ (950,000) Net income (325,000) Dividends paid 90,000 Retained earnings, 12/31/12$ (1,185,000) Cash $ 110,000 $ 85,000 $ 85,000
Receivables and inventory 750,000 190,000 180,000
Property, plant, and equipment 1,400,000 450,000 600,000
Trademarks 300,000 160,000 200,000
Total assets $ 2,560,000 $ 885,000 Liabilities $ (500,000) $ (180,000) $ (180,000)
Common stock (400,000) (200,000) Additional paid-in capital (475,000) (70,000) Retained earnings (1,185,000) (435,000) Total liabilities and equities $ (2,560,000) $ (885,000) In addition, Pacifica assessed a research and development project underway at Seguros to have a fair value of $100,000. Although not yet recorded on its books, Pacifica paid legal fees of $15,000 in connection with the acquisition and $9,000 in stock issue costs.
Prepare the following:
a. Pacifica's entries to account for the consideration transferred to the former owners of Seguros, the direct combination costs, and the stock issue and registration costs. (Use a 0.961538 present value factor where applicable.)
b. A post-acquisition column of accounts for Pacifica.
c. A worksheet to produce a consolidated balance sheet as of December 31, 2012.
Following are the entries that Pacifica will use to account for the consideration transferred to the former owners of Seguros, the direct combination costs, and the stock issue and registration costs: Stock issue and registration costs: DebitCash $5,000 CreditCommon stock (50,000 shares*$5 par value) $250,000Credit
Additional paid-in capital $10,000CreditPaid-in capital in excess of par $15,000 Direct combination costs: Debit Research and development project $100,000CreditCash $100,000 Debit Legal fees $15,000CreditCash $15,000Consideration transferred to former owners of Seguros: Debit Investment in Seguros Company $1,115,000DebitGoodwill $465,000 Credit Common stock (50,000 shares*$5 par value) $250,000CreditAdditional paid-in capital $10,000CreditPaid-in capital in excess of par $15,000CreditCash $1,300,000Cash paid to the former owners of Seguros = $130,000 × .961538 = $124,999
DebitInvestment in Seguros Company $124,999CreditCash $124,999The probability-weighted amount of consideration transferred to the former owners of Seguros is: Cash = ($130,000 × .5) × .961538 = $62,499 Common stock = ($250,000 × .961538) × .5 = $120,192 Additional paid-in capital = ($10,000 × .961538) × .5 = $4,808 Total = $187,499
DebitInvestment in Seguros Company $187,499CreditCash $187,499b. The following are the post-acquisition column of accounts for Pacifica:
Pacifica, Inc. Book
Values Fair
Values Post-Acquisition
Values
Revenues$ (1,200,000) Expenses 875,000 Net income $ (325,000) Retained earnings, 1/1/12 $ (950,000) Net income (325,000) Dividends paid 90,000 Retained earnings, 12/31/12$ (1,185,000) Cash $ 110,000 $ 85,000 $ 195,000
Receivables and inventory 750,000 190,000 940,000
Property, plant, and equipment 1,400,000 450,000 1,850,000
Trademarks 300,000 160,000 460,000
Research and development project - 100,000 100,000
Total assets $ 2,560,000 $ 885,000 $ 3,545,000 Liabilities $ (500,000) $ (180,000) $ (680,000)
Common stock (400,000) (200,000) (400,000) Additional paid-in capital (475,000) (70,000) (579,808) Retained earnings (1,185,000) (435,000) (1,185,000) Goodwill - 465,000 465,000 Investment in Seguros Company 1,115,000 - 1,115,000 Total liabilities and equities $ (2,560,000) $ (885,000) $ (2,560,000)
c. The worksheet to produce a consolidated balance sheet as of December 31, 2012 is as follows:
Consolidated Balance SheetAs of December 31, 2012
($ in 000s)
Assets
Cash $ 195,000
Receivables and inventory 940,000
Property, plant, and equipment 1,850,000
Trademarks 460,000
Research and development project 100,000
Goodwill 465,000
Investment in Seguros Company 1,115,000
Total assets $ 4,125,000
Liabilities and equities
Liabilities $ (680,000)
Common stock (400,000)
Additional paid-in capital (579,808)
Retained earnings (1,185,000)
Total liabilities and equities $ (2,844,808)
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when cash from operating activities is presented using the indirect method, net income must be adjusted for the components that increase and decrease in balance sheet accounts that relate to: multiple choice question. all current assets and liabilities. all long-term assets and liabilities. changes in equity. amounts presented in the income statement.
When cash from operating activities is presented using the indirect method, net income must be adjusted for increases and decreases in balance sheet accounts that relate to amounts presented in the income statement.
What is Operating activities?Operating activities serves as the functions of a business which is related directly in providing its goods and/or services to the market.
It should be noited that the An income statement which is a financial statements that provide the company's financial performance in an accounting period is needed when making adjustment for net income increases and decreases.
Therefore, the last option is correct.
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A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $5 million at the end of one year, $10 million at the end of two years, and $15 million at the end of three years. Option C will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option D will give the firm $21 million at the end of one year, nothing at the end of two years, and $9 million at the end of three years. Which of these options has the highest present value if the rate of interest is 5 percent
Answer:
The answer is "Option D".
Explanation:
Using the formula for calculating present value:
\(= \frac{Future \ value}{(1+r)^n}\\\\\)
that's why "Option D" is correct.
The stage in the product life cycle when competitors enter the market is known as the _____ stage. Select one: a. Maturity b. Growth c. Introduction d. Decline e. Downsizing
Answer: Growth stage
Explanation:
The growth stage is the period in the product life cycle during which the product has started to eventually and increasingly gains the acceptance among consumers, industry, and also the wider general public.
During this stage, the innovation or the product becomes accepted in the market, and hence, the sales and the revenues start to increase. At this stage, competitors start entering the market.
Answer:
The answer is B.
Explanation:
The life cycle of a product has 5 stages. The first stage, which is introduction, consist of things such as the point of entry to the market, low number of customers. The second stage, growth stage, is where the product sales start to increase and more companies start production and enter the market. In the maturity stage, sales numbers reach their highest point and after that they begin to decrease along with the number of customers, towards decline.
So the answer is option B, growth.
I hope this answer helps.
draper consulting completed the following transactions during the first half of december, Dec 2 Received $18,000 cash and gave capital to Draper.
2 Paid monthly office rent, $550.
3 Paid cash for a Dell computer, $1,800. This equipment is expected to remain in service for five years.
4 Purchased office furniture on account, $4,200. The furniture should last for five years.
5 Purchased supplies on account, $900.
9 Performed consulting service for a client on account, $1,500.
12 Paid utility expenses, $250.
18 Performed service for a client and received cash of $1,100.
Requirements
1. Analyze the effects of Draper Consulting's transactions on the accounting equation. Use the format of Exhibit 1-6, and include these headings: Cash; Accounts receivable; Supplies; Equipment; Furniture; Accounts payable; and Draper, capital.
2. Prepare the income statement of Draper Consulting for the month ended December 31, 2012.
3. Prepare the statement of owner's equity for the month ended December 31, 2012.
4. Prepare the balance sheet at December 31, 2012.
Draper Consulting's transactions affected the accounting equation by increasing/decreasing Cash, Accounts Receivable, Supplies, Equipment, Furniture, Accounts Payable, and Draper's Capital.
The income statement shows revenues and expenses, the statement of owner's equity shows the changes in capital, and the balance sheet reflects the company's financial position at the end of December.
1. Analyze the transactions and determine their effects on the accounting equation.
2. Prepare the income statement by listing revenues (consulting service income) and expenses (rent, computer depreciation, furniture depreciation, supplies, and utilities), then calculate the net income.
3. Prepare the statement of owner's equity by starting with the beginning capital balance, adding investments and net income, and subtracting any withdrawals or expenses.
4. Prepare the balance sheet by listing the assets (Cash, Accounts Receivable, Supplies, Equipment, and Furniture), liabilities (Accounts Payable), and owner's equity (Draper's Capital) at the end of the month. The total assets must equal the total liabilities plus owner's equity.
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Which of the following jobs is expected to double in the next few years?
nurse
automobile mechanic
real estate salesperson
computer engineer
Answer:
real estate salesperson
Computer Engineer
I have to write at least 20 characters to post this.
Consider the direct listing of Spotify. Which of the following contributed to the initial success of the listing? A The issuer was a disruptor in its field, backed by the right investors B The issuer had no comparables and the CEO was still a majority owner C I do not want to answer this question D The issuer was a famous brand lacking pricing power E The issuer was not after new capital and belonged to a very difficult sector 24. Which of the following regarding the Vodafone-Mannesmann deal is CORRECT? A This may look like a disaster deal. Yet it was in fact a successful realisation of Mannesmann's strategy to provoke Vodafone into taking it over and help Mannesmann's pessimistic shareholders cash in their overpriced stock B This was a disaster deal. To make it even worse, Vodafone suffered additionally as by paying with 100% stock it sent a strong signal to the market its equity was overvalued C I do not want to answer this question D This may look like a disaster deal. Yet circumstances necessitated such an action on the part of Vodafone as otherwise Vodafone could have been the one taken over by Mannesmann E It was a disaster deal for Vodafone. Vodafone was obliged to take advantage of its temporarily overvalued stock as quickly as possible and there were no other investment opportunities
The following statement contributed to the initial success of the direct listing of Spotify: "The issuer was a disruptor in its field, backed by the right investors."Regarding the Vodafone-Mannesmann deal, the following statement is CORRECT: "This may look like a disaster deal.
Yet it was, in fact, a successful realization of Mannesmann's strategy to provoke Vodafone into taking it over and help Mannesmann's pessimistic shareholders cash in their overpriced stock."Explanation:Direct Listing of Spotify:Spotify is a Swedish-based digital music service that was launched in 2008. It provides users with on-demand access to a library of over 70 million songs. In 2018, Spotify pursued a direct listing instead of an initial public offering (IPO), which helped to make it a successful listing.
The correct option regarding the success of the listing is "The issuer was a disruptor in its field, backed by the right investors."The Vodafone-Mannesmann Deal:Vodafone, a UK-based telecommunications company, announced its intention to acquire Mannesmann, a German-based telecoms company, in November 1999. This hostile takeover bid was one of the largest deals in corporate history. Mannesmann was eventually acquired by Vodafone, despite opposition from its management.The correct option regarding the Vodafone-Mannesmann deal is "This may look like a disaster deal. Yet it was, in fact, a successful realization of Mannesmann's strategy to provoke Vodafone into taking it over and help Mannesmann's pessimistic shareholders cash in their overpriced stock."
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how can person identify whether a company is private company or public company
Answer:
The overview of that same problem is defined throughout the explanation segment below.
Explanation:
My understanding would be that privately owned businesses will happily inform anyone who queries. Publicly traded companies are identified by the mark as well as the worker's everyone seems to be testing their price of the stock-to decide according to one's interest in share capital.But things are going to change, the FED had already lost together with all remaining remains of knowledge that convince one where the worth of someone's inventory since they have lost Market Exploration.