For the firm in perfect competition, several variables converge and are equal at long-run equilibrium. Ide variables that are equal at point E. Answer Bank: - average revenue - average fixed cost - marginal revenue - average variable cost
Answers
At long-run equilibrium for a firm in perfect competition, average revenue, marginal revenue, and average variable cost are equal at point E.
In perfect competition, firms cannot influence the market price and have to accept the prevailing price determined by the market. In the long-run equilibrium, the market price equals both average revenue (AR) and marginal revenue (MR) because the firm sells each additional unit at the same price.
At the same time, firms adjust their production levels to minimize costs, which results in average variable cost (AVC) also being equal to AR and MR at point E.
To reach long-run equilibrium, firms enter or exit the market until economic profits are driven to zero. When this happens, the firm's cost structure adjusts, and the average fixed cost (AFC) becomes negligible.
Consequently, average total cost (ATC) approximates average variable cost (AVC). Thus, at point E, the firm covers its variable and fixed costs, and the long-run equilibrium is achieved.
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Related Questions
What are the effects of an increase in labor productivity on potential GDP, the
quantity of labor, the real wage rate, and potential GDP per hour of labor?
Answers
An increase in labor productivity can lead to an increase in potential GDP, as it allows more output to be produced with the same amount of labor.
What are the effects of an increase in labor productivity on potential GDP, the quantity of labor, the real wage rate, and potential GDP per hour of labor?An increase in labor productivity can lead to an increase in potential GDP, as it allows more output to be produced with the same amount of labor.
However, the effect on the quantity of labor and real wage rate is less clear-cut. In some cases, an increase in productivity can lead to an increase in the demand for labor and therefore higher wages. In other cases, it can lead to a decrease in demand for labor and lower wages. Ultimately, the effect on potential GDP per hour of labor will depend on the relative changes in output and labor inputs.
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Total Costs (dollars)
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Curve N
Curve M
Curve L
1,000 2,000 3,000 4,000
Quantity
What are the appropriate labels for Curves N and M in the nearby graph?
O Curve N is total cost and Curve M is total fixed cost.
O Curve N is total variable cost and Curve M is total cost.
O Curve N is total cost and Curve M is total variable cost.
Curve N is total variable cost and Curve M is total fixed cost.
Answers
The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.
Why is the curve as stated about?Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.
Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.
Therefore, the Option C is correct.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
advertising expenses occupy approximately what percentage of global economic activity?
Answers
The advertising expenses occupies an approximate of one percentage of the global economic activity.
The global economic activity implies that total worldwide economic activities that took place between multiple countries.
The advertising expenses entails various advertisement cost incurred for the promotion of brand, entity, industry, product, service etc all over the globe.The advertising expenses accounts for an approximate of 2% of economic output in U.SHowever, In global scale, the advertising expenses occupies the approximate of 1% of the global economic activity.
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An investor thought that market interest rates were going to decline. He paid $19,000 fora corporate bond with a face value of $20,000. The bond has an interest rate of 10% per year payable annually. If the investor plans to sell the bond immediately after receiving the 4th interest payment, how much will he have to receive (sell it for) in order to make a return of 14% per year?
Answers
Answer:
$22,251
Explanation:
Coupon rate = $2,000
Now, we calculate the seired sale price of the bonds:
19,000 = 2,000[P/A, 14%, 4] + S[P/F. 14%, 4]
19,000 = 2,000(2.9137) + S(0.592)
S = (19,000 - 5,827.4) / 0.592
S = 22251.01351351351
S = $22,251
So, he have to receive $22,251.
for brainliest and 100 points !!!!the unemployment rate is 5%. there are 139179 people working in the country. calculate the labor force
Answers
Answer:
I think the answer is 2783580
Since there’s aprox 6,959 unemployed ppl
139179-6969=132,220
m7: discussion - global and local resourcing 11 unread reply.11 reply. after you complete the readings, please answer the following questions on this discussion board. with the increasing economic uncertainty and problems of the 2008 global financial crisis, enterprises should focus their hr policy solely on downsizing and retrenchment, rather than activities such as recruitment and retention. comment on this statement recruitment and selection practices in these four asian economies seem to be different. what are the reasons for these differences?
Answers
Regarding the statement about HR policies during times of economic uncertainty, it is not advisable for enterprises to focus solely on downsizing and retrenchment. While it may be necessary to make cost-saving measures, completely cutting off recruitment and retention can negatively impact the organization's ability to bounce back when the economy stabilizes. As for the differences in recruitment and selection practices in Asian economies, there are several reasons for this like: -
Job seekers and employer approachLegal and regulatory frameworkEconomic Factor1. Job seekers and employers approach : - Firstly, cultural differences can play a role in how job seekers and employers approach the recruitment process. For example, in some Asian cultures, the emphasis may be on building personal relationships before discussing business matters.
2. Legal and regulatory frameworks: - Secondly, legal and regulatory frameworks may differ across different Asian economies, which can affect recruitment practices. For instance, some countries may have strict labor laws that require employers to follow specific recruitment procedures, such as giving priority to local job seekers.
3. Economic factors: - Lastly, economic factors, such as the level of competition in the job market and the availability of skilled labor, can also impact recruitment practices. In countries where there is a shortage of skilled workers, employers may need to offer higher salaries or better benefits to attract top talent.
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How might large federal deficits affect future economic growth? How would your answer change if foreign confidence in the ability of the United States to repay its debts erodes?
Answers
Large federal deficits can affect future economic growth in several ways, including increased borrowing costs, reduced public investment, and potential inflationary pressures.
If foreign confidence in the United States' ability to repay its debts erodes, the consequences may be more severe, including higher interest rates, reduced investment, and potential economic instability.
To elaborate, large federal deficits require the government to borrow more money, which can lead to higher interest rates. These higher rates can discourage businesses and consumers from borrowing and investing, thereby slowing economic growth.
Additionally, large deficits may cause the government to reduce public investment in areas such as infrastructure, education, and research. This can have long-term negative effects on the economy by lowering productivity and innovation.
Inflationary pressures can also arise due to large deficits, as the government may opt to print more money to cover its expenses. This can lead to higher prices and reduced purchasing power for consumers, negatively impacting economic growth.
If foreign confidence in the United States' ability to repay its debts erodes, the situation may worsen. Higher interest rates could become even more pronounced as foreign investors demand greater returns to compensate for the perceived risk.
This, in turn, can lead to reduced investment in the U.S. and potential economic instability. In this scenario, the negative consequences of large federal deficits on future economic growth may be even more severe.
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In 18th century, what was the main reason of slow down of Indian Foreign Trade
Answers
Answer:
Introduction to India’s Foreign Trade:
Even being a typical poor underdeveloped country, India’s foreign trade was in a prosperous state during the period under review. In terms of volume of trade and the range of commodities entering into trading list, India was better placed compared to other contemporary underdeveloped countries. But that must not be viewed as an indicator of prosperity. Above all, her pattern of trade was definitely different from those of other underdeveloped countries.
India’s composition of trade (i.e., pattern of imports and exports) before 1813 included manufactured goods as well as primary articles in export list and metals and luxury products in the import list. But such pattern of trade was supplanted by the import of manufactured goods and exports of agricultural raw materials and food grains during much of the nineteenth and twentieth century. This must not be the sign of prosperity or cause for jubilation.
Explanation:
Rather, this situation generated much heat and controversy because, instead of being an engine of growth, foreign trade, as engineered by the British Government, exacerbated economic exploitation. It hampered the process of industrialization. It brought untold misery to the masses. Most importantly, of course partly the backwardness of Indian industry and agriculture is ‘the effect of its external trade which moulded into shape the productive mechanism of the country.’
To understand the nature of the controversy it will be fruitful to tell something about the history of India’s foreign trade during 1757 and 1947. The growth of foreign trade during the two centuries can be divided into following unequal periods: 1757 to 1813, 1814 to 1857, 1858 to 1914, and from 1915 to 1947.
The first period—the early years of the British East India Company (EIC)—is known as the ‘age of mercantilism’. During the period under consideration trade statistics is not available. However, some sort of institutional changes in trade took place during this period.
In the mid-18th century, Indian foreign trade was mainly conducted by the English, Dutch, French, and Portuguese traders and merchants. But the revolution of 1757 strengthened the supremacy of the British EIC. In the process, the EIC monopolized trade and ousted the other merchants and traders.
in the nfl, why is there little correlation between payroll size and win percent?
Answers
There is little correlation between payroll size and win percentage in the NFL because the game is a true team sport where factors like coaching, strategy etc. play significant roles.
Why does payroll size have little correlation with win percentage in the NFL?In the NFL, the size of a team's payroll does not guarantee a higher win percentage due to the nature of the game as a true team sport. While having a larger budget allows teams to acquire talented players, success on the field relies on multiple factors that extend beyond individual skill and financial resources.
Effective coaching, strategic game plans, team chemistry, and the ability to adapt to changing circumstances all contribute to a team's performance. Injuries also impact a team's success, regardless of its payroll size.
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Is a Truck driving on the highway is one of the sixteen careers taught in Texas. Yes or No
Answers
The best way to improve your skills is through ______
It is important to evaluate your message for essential elements and writing style. What do you want your message to convey to your audience? Check all that apply. Ability to limit words with use of technology Bluntness Purpose Clarity Superiority How should you view critical comments on a written document? O As a way to identify areas where you can replace written words with vis alds A O As a way to identify areas where your audience lacks understanding O As a way to incorporate simple, trite phrases O As a way to identify weaknesses in your writing
Answers
The best way to improve your skills is through practice and feedback.
It is important to evaluate your message for essential elements and writing style. To convey your message effectively to your audience, you should consider the following elements: purpose, clarity, and the ability to limit words with the use of technology.
Bluntness, superiority, and incorporating simple, trite phrases are not as important in effective communication.
You should view critical comments on a written document as a way to identify weaknesses in your writing. This helps you understand where improvements can be made, leading to better communication skills and overall writing improvement.
self-assessment helps to improve your writing skills.
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• define the market process, the command process, and the traditional process. How does each process deal with the basic questions of what, how, and for whom?.
Answers
Answer:
Set Objectives. Start with setting marketing objectives. ...
Do Your Research. The market research you do will drive the decisions you make when deciding upon your marketing strategy. ...
Make Decisions. ...
Write It Down. ...
Summary.
please help
Arthur showed up five minutes late to his job interview. His interviewer will likely wonder whether he possesses which important business skill?
Group of answer choices
punctuality
responsibility
integrity
ability to follow a schedule
Answers
Answer:
D) ability to follow a schedule
Answer:
Punctuality
Explanation:
I took this test, and this was the right answer
What does loaded terminology in economics mean?
Answers
In economics, loaded terminology means language that carries a positive or negative value, intentionally or unintentionally, in a political context.
Loaded terminology is used to arouse emotions and influence an audience's views, which makes them subjective to a particular cause or ideology. The use of loaded words can persuade people's opinions without using rational argumentation, thus creating a biased viewpoint.
Loaded terms can be positive or negative, depending on the context. For example, using the word "freedom" would be a positive connotation, whereas "anarchy" would be a negative connotation. Additionally, the use of loaded words has the potential to skew economic statistics, misrepresenting the actual economic situation.
In summary, loaded terminology plays a crucial role in shaping public opinion and, thus, has a significant impact on economic decision-making. It is vital for researchers to avoid loaded words to ensure objective, rational decision-making.
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Nafar wants to buy a house. Which type of credit is she most likely to use?
O Mortgage
O Limited
O Service credit
O Unsecured credit card
Answers
Answer: Mortgage
Explanation:
Answer:
Mortgage is the correct answer got it right
Explanation:
The amount a lender charges you to borrow money is called the
O A. loan term
OB. principal
OC. interest
OD. effective rate
Answers
Answer:
C. Interest
I guarantee it!!!
explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Western Company normally makes the journal entry for a purchase of inventory and recognition of the payable on receipt of a vendor invoice. On December 31 (year end) it receives an invoice for $1,000 from Far East Ltd. and records the purchase. However, the incoming shipment is actually still in transit (in mid Pacific) at year end and the sales terms were FOB destination. Western takes a physical count of inventory at the end of year as standard procedure. Which of the following is/are true statements?
Multiple Choice
does not legally own the goods on December 31
All technical statements are correct
All represent incorrect statements
may catch the error when it compares the count to the records (the book to physical adjustment)
should reverse the purchase entry to correct the error
Answers
Answer: The correct answer is: All represent incorrect statements.
Western Company does legally own the goods on December 31. Normally, ownership of commodities is transferred when the buyer is granted legal title to or authority over them. In this instance, Western Company is in charge of the items because it has the vendor invoice, has tracked the transaction, and has received it. Thus, as of December 31, it has legal ownership of the items.
All technical statements are correct: Because the prior claim that the products are not lawfully yours is false, this assertion is also false.
May catch the error when it compares the count to the records (the book to physical adjustment): This claim is false because it is unlikely that Western Company would discover the inaccuracy during the physical count. The ownership and liability for the products pass to Western Company upon delivery at the destination because they are still in transit and the sales conditions are FOB destination. As a result, the items would not be counted physically in Western Company's year-end total.
Should reverse the purchase entry to correct the error: This claim is false because the purchase entry was correctly recorded. When Western Company got the vendor's invoice, it accurately recorded the purchase. The mistake was in counting the items even if they weren't physically present at year's end. The purchase entry could not be reversed to correct the error.
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The adjusted trial balance of Indigo Corporation at December 31, 2017, includes the following accounts: Retained Earnings $16,651, Dividends $6,759, Service Revenue $35,644, Salaries and Wages Expense $13,785, Insurance Expense $1,799, Rent Expense $3,872, Supplies Expense $1,413, and Depreciation Expense $804.
Prepare an income statement for the year.
Answers
Answer:
$13,971
Explanation:
An income statement indicates the profit or loss a business makes in the financial period. Profits or loss is realized by subtracting expenses from revenue.
The revenue for Indigo Corporation is $35,644,
Expenses
Salaries and Wages Expense $13,785
Insurance Expense $1,799
Rent Expense $3,872
Supplies Expense $1,413
Depreciation Expense $804
Total expenses $21,673
Income will be
=$35,644 - $21,673
= $13,971
Retained Earnings and Dividends are part of company profits. They are not business income or expenses.
Which table correctly lists the assets and liabilities?
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries car, home, savings bond, stocks.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries leased car, mortgaged home, savings bond, stocks.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, savings bond, stocks. Column 2 is labeled Liabilities with entries car, home, credit card debt, tax bill.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.
Answers
Answer:
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.
Explanation:
An asset is a valuable item that a person or a corporation owns. An asset has an economic or monetary value attached to it. It is a resource used in generating future benefits, save costs, or produce goods and services. From the list provided, a car, home, savings bond, stocks represent assets.
Liabilities are things or money owed. They are debts or obligations to be met. A mortgage is a debt; hence it is a liability. A leased car belongs to someone else and presents an obligation to pay, making it a liability. The tax bill is a debt.
Answer:
The answer is D.
Hope you past the Cumulative Exam Review!
Explanation:
According to Descartes' rule of signs, the possible number of rate of return values for the net cash flow series ++++ 8 Moving to another question will save this response. Ly 2 points Save Answer Question 1 of 10
Answers
According to Descartes' rule of signs, the possible number of rate of return values for the net cash flow series ++++ 8 is one real positive rate of return value. Descartes' rule of signs is used to determine the number of possible positive and negative roots of a polynomial equation with real coefficients.
It states that the maximum number of positive real roots of a polynomial equation is equal to the number of sign variations in the polynomial's coefficients or is less than that by an even number.For instance, in the given net cash flow series, all the coefficients are positive, which means that there are no sign variations in the coefficients. Thus, according to Descartes' rule of signs, there is only one real positive root for the polynomial equation and, therefore, only one real positive rate of return value.In conclusion, according to Descartes' rule of signs, the possible number of rate of return values for the net cash flow series ++++ 8 is one real positive rate of return value.
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Focus in on the role of Industrialization and the growth of child labor. How did Industrialization change the labor market and labor itself? How did child labor fill labor roles?
2. What are the different ways that wages were calculated? (Child Labor in America—Agriculture (Hindman Chapter 9)
Answers
The Industrial Revolution is credited with introducing new technology and processes that transformed the manufacturing industry. The development led to a high demand for manual labor, with children being among the most vulnerable groups.
Industrialization changed the labor market and labor itself in many ways. Firstly, the industrial revolution made labor more specialized and efficient by introducing advanced machinery and processes. The mass production of goods led to increased production, which in turn drove up the demand for labor in various sectors, including agriculture, manufacturing, and mining. Industrialization led to a spike in child labor, particularly in factories and mines.
The children, mostly aged between 6 and 12 years, worked in dangerous conditions and earned meager wages. Child labor filled labor roles since employers could pay children lower wages than adult workers. Also, since children were physically small, they could fit into smaller spaces, making them ideal for jobs that adults couldn't perform, such as working in mines.
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What source of information is most useful for telling you whether a company
is worth investing in?
A. A customer review of one the company's products
B. A press release about the company's Day of Caring
C. The company's prospectus
D. An article about the CEO's commitment to success
Answers
Answer: D. The compant prospectus
Explanation:
took quiz
Answer ASAP
An entrepreneur wants to start a bakery. He wants to make a sales forecast for his first six months in business, so he obtains the sales records for all the successful bakeries in his state and uses the monthly average for his forecast. What mistake is he making in this process? A. It is impossible to make an accurate sales forecast for a new business, and attempting to do so will only set him up for failure and disappointment. B. He should not use data from bakeries in his own state, as it is unlikely that they will report accurate estimates to their potential competitor C. He should be looking at sales records for all the successful bakeries in the country, not just in his state. D. It is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months.
Answers
The Mistake is he making in this process it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months. The correct option is D.
What is the importance of sales forecasting?A precise sales forecast enables businesses to efficiently allocate resources for future growth while also managing cash flow. Forecasting sales help create benchmarks for future trends and allow executives to make early course corrections. Revenue executives can optimize for more wins by aligning sales quotas with revenue goals.
Make a list of the products and services you offer. Estimate how much of each you anticipate selling. Define the unit price or monetary worth of each sold good or service. Divide the number of units sold by the price. Determine the cost of producing and selling each commodity or service.
Thus, the ideal selection is option D.
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Answer:
option d
Explanation:
it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months
The opportunity cost to the United States of placing a man on the moon was
a. the loss of government revenues that were allocated to the mission.
b. the cost of all production involved in the space program.
c. the loss of utility from the highest valued bundle of products that had to be forgone
because of the moon mission.
d. less than zero, because the long-run benefit of the project will be greater than the cost.
Answers
The opportunity cost to the United States of placing a man on the moon was the loss of utility from the highest valued bundle of products that had to be forgone because of the moon mission. The correct answer is option C.
The United States’ space program to put a man on the moon from 1961 to 1975 was an enormous achievement for the country. The mission required massive resources, including millions of employees, funds, and materials, that were reallocated from other government programs. The opportunity cost of placing a man on the moon refers to the value of the next best alternative that had to be forgone in order to pursue the moon mission. In this case, the opportunity cost is the loss of utility or satisfaction from the highest valued bundle of products or services that could have been produced or consumed with the resources allocated to the moon mission.
Choosing option c. "the loss of utility from the highest valued bundle of products that had to be forgone because of the moon mission" as the answer acknowledges that the resources, including financial, technological, and human resources, used for the moon mission could have been allocated to other productive activities. By focusing on the moon mission, resources were diverted from alternative uses, and the foregone production and consumption possibilities represent the opportunity cost.
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Which of these statements describes the costs and benefits of taking a college loan?
A. College loans require students to work while studying but they cost less than conventional loans.
B. College loans reduce tuition payments but increase total educational costs because of interest payments.
C. College loans help students with academic and athletic skills overcome financial hardships.
D. College loans help increase future earning power but result in a long-term commitment to monthly payments.
Answers
Answer:
D. College loans help increase future earning power but result in a long-term commitment to monthly payments.
Explanation:
College loans refer to the money advanced to college students to help them pay for their college education. College loans cover tuition fees and other related expenses. Students are expected to pay back the loans after completing college education and are working.
College loans help students acquire the knowledge and skills necessary to secure better-paying jobs. College graduates are in a better position to land higher-paying jobs than non-college graduates. Therefore, college loans increase future earning power. However, a student has to repay their loan upon securing employment or is earning.
Answer:
c
Explanation:
PLEASE addresses the answer to the question: how how far should the plan go to meet the
objectives?
• matching objectives and target-market priorities
•matching activities with target markets
•continuity of long planning
• common term of reference
•helps measure market success
Answers
Answer:
the answer is NOT common terms of reference
Explanation:
got it wrong on edg quiz :(
ANSWER: matching objectives and target-market priorities
marketing agreements, valued at \( \$ 11.2 \) million. Required Prepare Wilson's balance sheet immediately following the merger. Use a negative sign with your answer for \( \mathrm{AOCl} \) if the bal
Answers
Wilson's balance sheet following the merger includes marketing agreements valued at $11.2 million. The balance sheet provides a snapshot of the company's financial position by detailing its assets, liabilities, and shareholders' equity.
The specific impact of the marketing agreements on the balance sheet would depend on the nature of these agreements and their classification. In order to prepare Wilson's balance sheet, we would need additional information regarding the company's assets, liabilities, and shareholder's equity apart from the marketing agreements. The balance sheet typically includes categories such as current assets, fixed assets, current liabilities, long-term liabilities, and shareholder's equity.
The marketing agreements valued at $11.2 million would likely be classified as an intangible asset on the balance sheet. Intangible assets represent non-physical assets that have value, such as patents, copyrights, or in this case, marketing agreements. It's important to note that the value assigned to the marketing agreements should be based on a reliable valuation method.
The balance sheet equation states that assets equal liabilities plus shareholder's equity. Therefore, the inclusion of the marketing agreements would impact the asset side of the balance sheet, specifically under the category of intangible assets. The corresponding effect on liabilities and shareholder's equity would depend on whether the company financed the acquisition of the marketing agreements through debt or equity.
Without further information on the other components of Wilson's balance sheet, it is not possible to provide a comprehensive and accurate balance sheet. However, the marketing agreements valued at $11.2 million would be reflected as an intangible asset, representing their value within the company's overall financial position.
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If a company is pursuing a strategy to produce branded footwear at a low total production cost relative to rival companies, then it should regularly review the production cost benchmarking data on p. 6 of each issue of the Footwear Industry Report to determine whether it should close down whichever production facility that has the highest total production costs per branded pair the benchmarking data on p. 7 of the FIR to determine whether it has achieved the lowest possible total branded costs per pair sold in each geographic region. the production cost benchmarking data on p. 6 of each issue of the Footwear Industry Report to see if its efforts to achieve low total production costs per branded pair have been more/less successful than other companies pursuing much the same outcome. the production cost benchmarking data on p. 6 of each issue of the Footwear Industry Report 8 to help determine whether it should make maximum use of overtime at each of the company's production facilities to help lower total production costs per pair. o page 4 of the FIR to help determine whether to (1) invest in one or more production improvement options, (2) bid more aggressively to win private-label contracts to help lower total production costs, or (3) sell some of the new or refurbished equipment at one or more production facilities. 0
Answers
If a company is pursuing a strategy to produce branded footwear at a low total production cost relative to rival companies, then it should regularly review the production cost benchmarking data on p. 6 of each issue of the Footwear Industry Report to determine whether it has achieved the lowest possible total branded costs per pair sold in each geographic region.
This will help the company to identify areas where it can further reduce production costs and improve its competitiveness in the market. By comparing its production costs with those of its rivals, the company can determine whether its efforts to achieve low total production costs per branded pair have been more or less successful than other companies pursuing the same goal.
By focusing on reducing production costs per pair sold, the company can improve its profit margins and better compete on price with other companies in the market. It may also be able to offer its branded footwear at a lower price point than its competitors, which can help to attract more customers and increase market share.
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