Each business day, on average, a company writes checks totaling $19,500 to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $37,200. The cash from the payments is available to the firm after two days. (Enter your answer as directed, but do not round intermediate calculations.)
Required:
(a) Calculate the company
Answers
The company's net float is -$3,600.
We need to take into account the checks written to suppliers and the checks received from customers. Here are the steps to calculate the net float:
1. Calculate the total amount of checks written to suppliers during the four-day clearing period: $19,500 (daily checks) x 4 days = $78,000
2. Calculate the total amount of checks received from customers during the two-day clearing period: $37,200 (daily checks) x 2 days = $74,400
3. Subtract the total checks written to suppliers from the total checks received from customers to find the net float: $74,400 (checks received) - $78,000 (checks written) = -$3,600
The company's net float is -$3,600. This means that, on average, the company is in a negative cash position during the clearing period, as they are writing more checks to suppliers than they are receiving from customers.
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Related Questions
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
Answers
Answer:
$1,100
Explanation:
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
1,299 - 199 = 1,100
Specify and explain the typical shapes of the marginal-benefit and marginal-cost curves. How are these curves used to determine the optimal allocation of resources to a particular product. If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product? Explain.
Answers
Answer:
The completely accurate definition of the particular subject is outlined in the following subsection including its clarification.
Explanation:
The marginal profit trajectory has so far been sloping down, MB decreases, and since most of a commodity is collected as much more quantities of something like a good offer fewer sense of achievement, unlike earlier versions. This same marginal cost of production is pointing down upward, becomes rising as more than just a commodity is generated as additional items need progressively inappropriate utilization of resources.The optimum amount of something like a given substance exists whenever MB is equivalent to MC. If MC reaches MB everything should still be made available fewer resources. In any other context, the services are more useful.The information regarding the marginal-benefit and marginal-cost curves is explained below:
The following information should be considered:
The marginal profit trajectory has so far been falling down, MB decreases, and because many commodity is collected as much more quantities of something such as sense of achievement. This same marginal cost of production is pointing falling upward, that increased as more than just a commodity is produced as extra items required progressively non-appropriate utilization of resources. The optimum amount of something such as given substance exists in the case when MB is equivalent to MC. If MC reaches MB so it still be made available fewer resources.Learn more: https://brainly.com/question/17429689?referrer=searchResults
I allow you to write letters of the alphabets what I am
Answers
Answer:
1COMPUTER (Practice worksheet) Name: Class:2 Date ...../ / I am your friend Pingo. Will you do this worksheet with me? This is my keyboard. Function Keys Numeric My computer's keyboard can talk. Special Keys Normal Keys Direction Keys Keys Numeric Keypad It wants to ask a few questions. Will you answer them for me? 1. Which key am I? a) I allow you to write letters of the alphabets. b) I allow you to move the cursor to the top of the page. c) I allow you to delete the letter to the left of the cursor d) I allow you to delete the letter to the right of the cursor. e) If you press me you can type capital letters. f) You use me to type numbers. g) I allow you to create blank spaces between two words or two numbers. h) I allow you to move the cursor up, down, left or right.
Okay, how many weeks would you have to work to pay for Gary’s $1200 mistake?
Answers
Answer:
i thinks its 1 year huhuhuh
a primary reason why mergers and acquisitions sometimes fail is due to the multiple choice misinterpretation of the cultural differences, like employee disenchantment and low morale, differences in management styles and operating procedures, and operations integration decision mistakes. execution of functional and integration activity, while sustaining and capitalizing on the combined sources of revenue. development of effective integration plans conducive to employee satisfaction. advertising message detailing the merger announcement. creation of management-employee programs in order to foster better communication.
Answers
The primary reason why mergers and acquisitions sometimes fail is due to misinterpretation of cultural differences, such as employee disenchantment and low morale, differences in management styles and operating procedures, and operations integration decision mistakes.
These can lead to unsuccessful execution of functional and integration activity, preventing the combined sources of revenue from being sustained and capitalized on.
The development of effective integration plans conducive to employee satisfaction, along with advertising message detailing the merger announcement, and creation of management-employee programs in order to foster better communication can help prevent misinterpreting cultural differences.
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Jaime, a new student, was placed in a study group to prepare for an upcoming science test. Science is a difficult subject for him, and he was worried about failing the test. However, after a few study group sessions, he was much more comfortable with the concepts. Fellow group member Mike was able to explain cell division to him in a way he could finally understand! Jaime looked forward to learning more in each session and enjoyed getting to know his fellow group members. He even made plans to go to a movie with his new friends!
Which benefits of collaboration are evident in the scenario? Check all that apply.
Jaime was engaged in his learning.
Jaime formed a community bond.
Jaime remembered what he learned at test time.
Jaime got a fresh perspective on how to learn something that had been difficult in the past.
Jaime now understands the concepts more deeply.
Answers
Answer:a,b.d,e
Explanation:
all except for the one in the middle
Answer:
a, d, b, &e
Explanation:
t/f A competitive market where firms currently earn positive economic profit will see firms exit the industry from increased competition.
Answers
In a competitive market, increased competition typically leads to firms entering the industry rather than exiting. Thus, the given statement is false.
When firms in a competitive market earn a positive economic profit, it attracts new entrants who seek to capture a share of the profit. This influx of new firms increases competition within the market, which can eventually drive down prices and reduce economic profit for all firms involved.
However, the presence of positive economic profit indicates that firms are currently earning above-normal returns, which serves as an incentive for new firms to enter and compete for those profits. Thus, in a competitive market, increased competition is more likely to result in new firms entering the industry rather than existing firms exiting.
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is not a characteristic used by bank regulators to rate banks. group of answer choices management capital adequacy asset quality current stock price all of these are used to rate banks.
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Bank regulators use multiple characteristics to rate banks and ensure they are operating in a safe and sound manner. Management, capital adequacy, asset quality, and current stock price are all factors that are taken into consideration when rating banks.
Each of these factors provides valuable insight into the overall health of a bank and its ability to withstand economic shocks. For example, strong management is essential to ensure that a bank's operations are well-managed and comply with relevant regulations. Adequate capital is necessary to absorb potential losses and protect depositors' funds. Asset quality reflects the quality of a bank's loans and investments. Finally, the current stock price reflects the market's perception of a bank's future prospects. Overall, all of these factors are important and are used by bank regulators to rate banks.
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A licensed real estate broker who shall by choice elect to work under the name and supervision of another individual broker or another broker who is licensed under a partnership, trade name, LLC or corporation is known as a
Answers
Answer:
Associate Real Estate Broker
Explanation:
The school Spanish Club is sponsoring a trip to Mexico that will cost $1000 per student. Your parents will contribute $300 but you need to save the remaining $700 over the next four months. You currently work seven hours a week babysitting for $10 per hour. The following are your monthly expenses.
Variable Expenses (Clothes, CS’s, Movie Tickets etc. ) $180.00
Fixed Expenses (school fees, buss pass) $65.00
Calculate your monthly earnings and expenses
Compute how much you will need to earn and/or reduce your expenses to meet your goal.
Real World Application
You want to save $2000 for college by working over the summer. You can find a job that will pay you for 40 hours per week at a regular rates plus an average of 10 hours per week at Overtime rates at 1.5 times your regular rate. You can work fro 10 weeks. You figure that you need to spend $150 per week to pay miscellaneous variable expenses.
Calculate how much you will need to earn per hour to save at least $2000 in addition to meeting your weekly expenses?
Think Critically, is $150.00 in weely expenses a realistic estimate? What are you not including?
Answers
My monthly earnings and expenses are: $245
Amount I would need to earn more per month is: $120
What are expenses?An expenditure is a business's operational cost incurred to produce income. It may be simply described as the price one must pay to acquire something. It takes money to make money, as the adage goes.
Supplier payments, staff salaries, manufacturing leases, and equipment depreciation are examples of frequent costs. Firms are permitted to write off tax-deductible costs on their income tax returns to decrease their taxable income and hence their tax burden; however, the Internal Revenue Service (IRS) has tight limits on which expenses businesses are allowed to claim as a deduction. Profit maximization is one of the top priorities for management teams in businesses. By increasing income while controlling costs, this is accomplished. Cutting expenses might enable businesses to increase their sales revenue.
However, if expenditures are lowered too much, it could also be harmful. For instance, cutting back on advertising might cut expenses but also affect a company's exposure and capacity to connect with potential clients.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Why do cats meow? I think I want to be a cat.
Answers
Answer:
Cats meow to their mommies when theyre kittens, but once they become adult cats they only meow to people. to tell us stuff. :)
you should totally be a cat.
The cat's meow is her way of communicating with people. Cats meow for many reasons—to say hello, to ask for things, and to tell us when something's wrong. ... Kittens meow to let their mother know they're cold or hungry, but once they get a bit older, cats no longer meow to other cats.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUChecking accounts are good for the money you'll want to access for ordinary daily purchases and monthly bills. True or False
Answers
Answer:
I believe this statement is true.
which of these agencies administers federal labor management relation laws
Answers
The agency that administers federal labor management relation laws in the United States is the National Labor Relations Board (NLRB).
The NLRB is an independent federal agency responsible for enforcing and interpreting the National Labor Relations Act (NLRA), which governs the relationship between employers, employees, and labor unions. The NLRB's primary role is to protect employees' rights to engage in collective bargaining, to prevent and remedy unfair labor practices, and to ensure a fair and stable labor-management relationship in the private sector. The agency investigates complaints, conducts elections for union representation, and adjudicates cases related to labor disputes and unfair labor practices.Its main goal is to protect employees' rights to engage in collective bargaining and to ensure fair labor practices and stable labor-management relations.
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The Fed acts like a private banking institution when it a. provides payment - clearing services to depository institutions b. acts as the "lender of last resort." c. regulates the money supply. d. supplies the economy with fiduciary currency.
Answers
The Fed acts like a private banking institution when it Provides payment-clearing services to depository institutions. Fed acts like a private banking institution when it provides payment-clearing services to depository institutions, Correct answer is option A.
When the Fed provides payment-clearing services to depository institutions, it operates similarly to a private banking institution. In this capacity, the Fed ensures that transactions between different banks are settled efficiently and securely. It does so by managing the transfer of funds and securities between banks, facilitating the smooth functioning of the financial system.
Private banks also offer payment-clearing services to their clients, helping them process and settle transactions. Both the Fed and private banks work to ensure the accuracy and efficiency of these services, allowing funds to flow securely throughout the economy.
In contrast, the Fed's roles as the "lender of last resort," regulator of the money supply, and supplier of fiduciary currency are unique to its status as the central bank of the United States. These functions are not typically provided by private banking institutions, and they are integral to the Fed's mission of promoting the stability and growth of the U.S. economy. Correct answer is option A.
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It's your lucky day at napili ka sa special promo na ito! Meron kaming handog na FREE 150MB pang-internet, valid for 2 days kapag nag-load ka ng total of P10 bago mag 09/01/2021. Share-A-Load not included. REF#: DTR73
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downtown bank provides lockbox services. they estimate that you can reduce your average mail time by 1.6 days and your combined clearing and processing time by .5 days by implementing their system. your firm receives 654 checks a day with an average value of $975 each. the current t-bill rate is .009 percent per day. assume a 365-day year. the bank will charge your firm $.17 per check. what is the net present value from installing this system?
Answers
the net present value from installing this system is $1,312,553.59.
To calculate the net present value (NPV) from installing the lockbox system, we need to estimate the initial cost of installing the system and the annual savings from using it. Here are the steps to calculate the NPV:
Calculate the annual savings from using the lockbox system. The reduction in mail time is 1.6 days and the combined clearing and processing time is 0.5 days, so the total time savings is 2.1 days per day. Since the firm receives 654 checks per day, this translates to a time savings of 1373.4 hours per year (654 x 2.1 x 365). To convert this time savings into a dollar value, we need to calculate the opportunity cost of the time saved, which is the return that the firm could earn if it invested the time savings in a risk-free asset like a T-bill. The T-bill rate is 0.009% per day, or 3.285% per year (0.009% x 365). Therefore, the annual savings from using the lockbox system is:
Annual savings = time savings x opportunity cost per hour
= 1373.4 hours x $975 x 3.285%
= $44,574.23
Calculate the initial cost of installing the lockbox system. The bank will charge $0.17 per check, so the annual cost of processing 654 checks per day is:
Annual cost = $0.17 x 654 x 365
= $40,224.30
Calculate the NPV using the following formula:
NPV = -Initial cost + Present value of annual savings
where the present value of annual savings is calculated using the T-bill rate. Assuming a discount rate of 3.285%, the present value factor for year 1 is 0.967, so the present value of the first year's savings is:
Present value of year 1 savings = Annual savings x Present value factor
= $44,574.23 x 0.967
= $43,098.63
The present value factor for years 2 to infinity is 0.935, so the present value of the remaining years' savings is:
Present value of remaining years' savings = Annual savings x Present value factor / (discount rate - growth rate)
= $44,574.23 x 0.935 / (0.03285 - 0)
= $1,309,679.26
Therefore, the NPV of installing the lockbox system is:
NPV = -$40,224.30 + $43,098.63 + $1,309,679.26
= $1,312,553.59
So the net present value from installing this system is $1,312,553.59.
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Post-secondary education is
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DescriptionTertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education.
an auditor of a nonissuer should request that management provide written representations regarding uncorrected misstatements in the financial statements that state
Answers
Whether management believes that the effects of uncorrected misstatements are immaterial, individually and in the aggregate, to the financial statements as a whole.
The framework outlined in ISA 450, which divides misstatements into the following categories, is helpful to examine and apply when reviewing misstatements and when asking management to remedy misstatements.
Misstatements that are factually incorrect are those about which there is no question. An example would be a blatant violation of an IFRS rule, which would result in erroneous financial statements, such as when a required disclosure is not made, such as when EPS for a public business is not disclosed.Judgmental misstatements are discrepancies that result from management's estimations of accounting that the auditor finds unjustified or from the choice or application of accounting policies that the auditor finds incorrect. Of course, there are numerous instances in financial reporting where employing judgment is required, such as when establishing the fair value of non-current assets, the amount of disclosure required in connection to a contingent obligation, or the recoverability of receivables.Projected misstatements, which project the misstatements found in audit samples to the complete populations from which the samples were obtained, are the auditor's best estimate of misstatements in populations.Learn more about Misstatements, here
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What is a good rule of thumb for paying back your student loans?
OA. Pay off grants before loans.
O B. Pay off scholarships and books first.
OC. Pay back your parents first.
OD. Pay off high-interest loans first.
Answers
The good rule of thumb for paying back your student loans is: D. to pay off high-interest loans first.
What is student loans?Student loans usually have different interest rates depending on the type of loan, and it's important to prioritize paying off loans with the highest interest rates first. This will help reduce the amount of interest that accumulates over time and ultimately save you money in the long run.
Paying off grants before loans, paying off scholarships and books first, or paying back your parents first are not effective strategies for paying off student loans because grants and scholarships do not have to be paid back, and paying back your parents may not involve interest or other fees that student loans may have.
It's important to prioritize paying off loans based on the interest rate, and to make sure you're making at least the minimum payment on all loans to avoid default or other penalties.
Therefore the correct option is D.
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Answer:
OD. Pay off high-interest loans first.
Explanation:
If the wage is kept above the equilibrium wage for any reason, the result is:.
Answers
If the wage is kept above the equilibrium wage for any reason, the result is a surplus of labour. The equilibrium wage is the wage rate that is established in a competitive labour market when the quantity of labour provided equals the quantity of labour demanded.
This price is determined by the intersection of the demand and supply curves for labour. When a labour market is in equilibrium, the number of job openings and the number of workers searching for employment are in balance. There are no incentives for wages to go up or down because there is no surplus or shortage of workers. When the wage rate is above the equilibrium, it creates a surplus of labour. Employers are willing to employ a lesser number of workers than the number of people seeking employment.
As a result, there are many people seeking employment but fewer job openings. Surplus workers are put in a situation where they must compete for a limited number of employment opportunities. In order to increase their chances of landing a job, they will often offer to work for less than the equilibrium wage. In order to restore balance to the labour market, employers must either decrease the wage rate or raise the number of jobs available.
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Suppose the U.S. dollar substantially depreciates against the Japanese yen. The change in the exchange rate:
a. Can have significant economic consequences for U.S. firms.
b. Can have significant economic consequences for Japanese firms.
c. Can have significant economic consequences for both U.S. and Japanese firms.
d. None of the above
Answers
A significant depreciation of the U.S. dollar against the Japanese yen can have significant economic consequences for both U.S. and Japanese firms. So, the correct answer is c.
U.S. firms exporting goods to Japan would find their products more expensive, making them less competitive in the Japanese market. This could lead to a decrease in demand for U.S. goods, which would ultimately impact the bottom line of U.S. firms.
On the other hand, Japanese firms exporting goods to the U.S. would find their products cheaper, making them more competitive in the U.S. market. This could lead to an increase in demand for Japanese goods, which would be beneficial for Japanese firms. However, the same depreciation could also make imports from Japan more expensive for U.S. consumers, leading to inflation and potentially hurting the overall economy.
Thus, it is safe to say that a significant change in the exchange rate between the U.S. dollar and the Japanese yen can have far-reaching economic consequences for both U.S. and Japanese firms.
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Consider a company that markets and repairs small computers. To study the relationship between the length of a service call and the number of electronic components in the computer that must be repaired or replaced, a sample of 14 records on service calls was taken. The data consists of the length of service calls in minutes (the response variable) and the number of components repaired (the predictor variable). A simple linear regression analysis was conducted between the two variables. The regression output of this analysis is printed out below. Using the regression output above, conduct a test at α=0.05 to check if the linear relationship is significant or not.
Answers
Linear relationship between length of service call and number of components repaired Regression output: The output below is a regression output for a simple linear regression analysis that was conducted between the length of service calls and the number of components repaired
For a significance level of \(α = 0.05\), the null and alternative hypotheses for testing whether the linear relationship is significant or not are:\(H0: β1 = 0\) (The slope of the population regression line is zero.)\(H1: β1 ≠ 0\) (The slope of the population regression line is not zero.)
The p-value for the slope coefficient is 0.0047. This is less than the significance level of 0.05. Hence, we can reject the null hypothesis. That is, there is sufficient evidence to suggest that the slope of the population regression line is not zero.
we can conclude that there is a significant linear relationship between the length of service calls and the number of components repaired or replaced by the company that markets and repairs small computers in question.
the length of service calls varies depending on the number of electronic components that are repaired or replaced.
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on a market graph which of the following is represented by a line that slips upward from left to right?
Answers
The law of supply is expressed by the supply curve, which rises from left to right: The amount supplied rises as a certain commodity's price rises (all else being equal).
A Supply Curve: What Is It?
The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period. In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis.
KEY LESSONS
On the majority of supply curves, as a good's price rises, so does the amount supplied.
Supply curves can frequently predict whether the price of a commodity will rise or fall in response to demand.
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assuming a taxpayer has sufficient earned income to contribute the maximum allowed to a traditional ira, the deductible ira contribution may be phased-out based on
Answers
The deductible ira contribution may be phased-out based on the taxpayer's modified adjusted gross income (MAGI) if they are covered by an employer-sponsored retirement plan such as a 401(k) or a 403(b).
For tax year 2021, the phase-out range for single taxpayers covered by a workplace retirement plan is $66,000 to $76,000 of MAGI. For married taxpayers filing jointly, where the spouse making the IRA contribution is covered by a workplace retirement plan, the phase-out range is $105,000 to $125,000 of MAGI.
If the taxpayer's MAGI is within the phase-out range, their deductible IRA contribution limit is reduced. If their MAGI exceeds the phase-out range, they cannot deduct their traditional IRA contribution.
It is worth noting that even if a taxpayer cannot deduct their traditional IRA contribution, they may still contribute to a traditional IRA on a non-deductible basis. The earnings on these contributions will grow tax-deferred until they are withdrawn in retirement.
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Question 2 (5 points) In a purely competitive industry, there tends to be perfect price elasticity in the short run: Market demand curve. Market supply curve Demand for a good by a single consumer O Demand curve facing a single firm.
Answers
In a purely competitive industry, there tends to be perfect price elasticity in the short run D. Demand curve facing a single firm.
In a purely competitive industry, numerous firms produce an identical product, and individual firms are price takers, meaning they cannot influence the market price. In the short run, the market demand curve and market supply curve (options A and B) determine the equilibrium price and quantity for the entire industry. The demand for a good by a single consumer (option C) may have varying degrees of elasticity but does not necessarily exhibit perfect price elasticity.
The demand curve facing a single firm (option D), however, tends to be perfectly price elastic in the short run. This means that the firm can sell any quantity of its product at the prevailing market price without affecting the price. This occurs because each firm's output is an insignificant fraction of the industry's total output, and consumers have perfect knowledge about the identical products offered by different firms.
As a result, any attempt to charge a higher price would lead consumers to buy from other firms, causing the firm to lose all its customers. In contrast, lowering the price would not bring any additional benefits, as the firm can already sell its entire output at the market price.
In conclusion, perfect price elasticity in the short run is found on the demand curve facing a single firm in a purely competitive industry, as firms are price takers and cannot influence the market price. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
Question 2 (5 points) In a purely competitive industry, there tends to be perfect price elasticity in the short run:
A. Market demand curve.
B. Market supply curve
C. Demand for a good by a single consumer
D. Demand curve facing a single firm.
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Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?
Answers
Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.
First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.
Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity
.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.
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Compared to other methods of calculating depreciation, how does the declining balance method affect net income in the first year?.
Answers
Compared to other methods of calculating depreciation, the declining balance method affect net income in the first year as It usually results in the lowest net income.
A non-cash business expense called depreciation is assessed throughout the time that an asset is valuable to your company. By removing the cost of using up a portion of an asset's worth from taxable revenue, every organisation can benefit from depreciation.
Subtract the asset's cost from its salvage value (what you anticipate it to be worth at the end of its useful life) to determine depreciation using the straight-line technique. The amount that can be depreciated, or the depreciable basis, is the outcome. Subtract this sum from the asset's useful life, which is measured in years.
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cheryl enters into a contract with gabe. in this contract, cheryl asks gabe to pay the money he owes her from the contract to her friend leah because leah is having financial troubles. leah is
Answers
Leah is considered a "third-party beneficiary." A third-party beneficiary is a person who benefits from a contract between two other parties, even though they are not a direct participant in the agreement.
Leah is considered a third-party beneficiary in this scenario. A third-party beneficiary is someone who is not a party to a contract, but who stands to benefit from the contract's performance. In this case, Cheryl has asked Gabe to pay the money he owes her to Leah, who is having financial troubles.
By doing so, Cheryl has made Leah a third-party beneficiary of the contract between herself and Gabe. This means that Leah has the right to enforce the terms of the contract and receive the payment from Gabe. However, it is important to note that not all contracts create third-party beneficiaries. Whether or not a person is a third-party beneficiary depends on the intent of the parties to the contract.
In this case, Cheryl specifically requested that Gabe pay Leah, indicating that she intended for Leah to benefit from the contract's performance. Therefore, Leah can be considered a third-party beneficiary in this scenario.
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