Answer:
Explanation:
future value = present value (1 + y)^n
where future value = $1000
present value = price of the bond
y = yield to maturity
n = number of years to maturity
re - writing above formula
y = (future value / present value)^1/n - 1
b)
forward rate = [(1 + yn)n / (1 + yn-1)n-1] - 1
where yn = YTM of current year
yn-1 = YTM of previous year
A personality test interpretation is never based on your answer to just one question.
True
False
Answer:
I believe it is true.
Explanation:
I hope that helps!
Most insurance policies set an amount of money that a person has to pay
before the insurance company will cover any further costs. This money is
called the
A. deductible
B. liability
O C. premium
O D. title
The amount that a person has to pay before their insurance company then covers further costs is called an A. Deductible.
What is an insurance deductible?On an annual basis, an insurance company sets an amount that a person who is covered has to pay before they access their medical insurance payout.
This amount varies per individual and per policy but is generally higher for more risky clients.
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(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
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Type the correct answer in the box. Spell all words correctly. The demand curve has what kind of slope? The demand curve is sloping.
The demand curve is downward sloping reflecting the relationship between the price and quantity of a product.
What is the demand curve?The correlation between a product or service's price and the quantity that is requested over time is represented by a demand curve, which demonstrates how many units will be consumed at various prices.
Old customers sometimes are inclined to buy more products than usual as the price of the product decreases, increasing the demand for the item. The demand curve slopes downward due to this.
It predicts that demand will rise in the opposite direction of price declines, indicating a causal relationship between both.
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Answer:
Downward
Explanation:
I took a test on Edmentum
Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change
The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
How to calculate by how much would the quantity supplied of lumber changeIf the price elasticity of supply for lumber is 2.4, then we can use the formula:
Elasticity of supply = percentage change in quantity supplied / percentage change in price
Solving for the percentage change in quantity supplied, we get:
Percentage change in quantity supplied = Elasticity of supply * Percentage change in price
Given that the price of lumber increases by 20%, the percentage change in price is 20%.
The percentage change in quantity supplied would be:
Percentage change in quantity supplied = 2.4 * 20% = 48%
Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
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Brief Exercise 8-5 Vaughn Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost April 1 inventory330$22$ 7,260 April 15 purchase380269,880 April 23 purchase 290 29 8,410 1,000 $25,550 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory $ Cost of goods sold
Answer:
Results are below.
Explanation:
Giving the following information:
Units sold= 450 units
Units Unit Cost Total Cost
April 1 inventory= 330 units at $22
April 15 purchase= 380 units art $26
April 23 purchase= 290 units at $29
To calculate the ending inventory, first, we need to determine the number of units in ending inventory:
Ending inventory in units= 330 + 380 + 290 - 450= 550 units
Ending inventory FIFO= 290*29 + 260*26= $15,170
COGS= 330*22 + 120*26= $10,380
Ramirez company installs a computerized manufacturing machine in its factory at tje beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years or 392,000 units of production with a 5,000 salvage value. During its second year, the machine produces 33,200 units of products
Answer:
Ramirez company installs a computerized manufacturing machine in its factory at tje beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years or 392,000 units of production with a 5,000 salvage value. During its second year, the machine produces 33,200 units of pr
1.) Name two alphabetic arrangements of subject records storage.
2.) Explain how the two arrangements are alike and how they differ?
Answer:
1.) An alphabetic listing of all subject titles used in the filing system
2.) Titles on the master index are used for filing and retrieving records
Which of these Messages would be considered inappropriate for business communication ?
A.good night
B.goodbye
C. Ok,bye
D. See you tomorrow
On march 1 mike joined christmas Club His bank automatically deduct a $210 from his cheaser account of the end of each month, and deposit it into his christmas Club account is when will earn 0.0525 animit interst The account comes to term on December 1. Total interest earned in account
Mike will have a total of $2100 in his Christmas Club as his bank deduct $210 a month from March till December. Hence he may get $110.25 in interest if the interest rate is 5.25% on December 1.
Describe the Christmas Club.An account specifically intended for holiday spending is a Christmas club account. It typically only lasts for a year or less. A savings account of this type, often known as a Christmas club or holiday club account, is one in which regular deposits are made by customers all year long. In order to pay for holiday shopping and other expenses, such as travel, the accrued savings are then withdrawn just before the holiday season.
Regular direct transfers from your paycheck may be permitted by the account in Christmas club, and those funds would be preserved and transferred to them in time for the holiday buying season. Based on the balance in the account, the yearly percentage yield will fluctuate between 0.05% and 5.00%.
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The complete question is:
On March 1 Mike joined Christmas Club His bank automatically deduct a $210 from his Chaser account of the end of each month, and deposit it into his Christmas Club account. What will he earn at 5.25% APR simple interest for the year, as the account comes to term on December 1.
Adams invested $40,000 and Cook invested $30,000 in their partnership business. They share profits and losses in proportion to their investments. What amount should each receive of the $16,800 profit earned last year?
Answer:
Adams invested $40,000, and Cook invested $30,000. The total investment in the business is $40,000 + $30,000 = $70,000.
The profit of $16,800 will be divided between them in proportion to their investments.
Adams' share of the profit = (Adams' investment / Total investment) * Profit
= ($40,000 / $70,000) * $16,800
= $9,600
Cook's share of the profit = (Cook's investment / Total investment) * Profit
= ($30,000 / $70,000) * $16,800
= $7,200
Therefore, Adams should receive $9,600 of the profit, and Cook should receive $7,200 of the profit.
What is the yearly cost per thousand of a whole life policy with a face value of $25,000 if the annual premium is $567?
Answer:
$22.68
Explanation:
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Ex:3 le 8-02-2023 Using a ruler and a pair of compases only, Construct i ∆PQS such that |PQ| = 8cm |QR| = 8cm and ,< PQR=90° the perpendicular bisector of PR label the point of intersecting of the bisector and PR T Produce ST. Such that |PT|= |RT|=9cm What type of quadrilateral is PQRS?
Answer:
Therefore, the quadrilateral PQRS is a kite.
Explanation:
The given information defines a kite, as the diagonals of a kite are equal in length and bisect each other at right angles. The length of diagonal PQ is 8 cm, and the length of diagonal SR is 8 cm. The perpendicular bisector of PR intersects PR at T such that PT = RT = 9 cm.
RST Company produces a product that has a selling price of $10 per unit and variable cost of $6 per unit. The company's fixed costs are $30,000. If the company sells 15,000 units, the degree of operating leverage is
The e degree of operating leverage of RST Company given its price, costs and quantiy sold is 2.
What is the degree of operating leverage?The degree of operating leverage (DOL) measures the sensitivity of a company's operating income to changes in the demand.
DOL = [Q(P - V) ] /[ Q(P - V) - F]
Q = quantityP = priceV = variable cost F = fixed cost[15000(10 - 6)] / [15000(10 - 6) - $30,000]
60,000 / 30,000 = 2
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1. Put the 5 steps of the communication process in order.
The Communicator encodes the their idea.
The Receiver Decodes the Message
The Communicator has an Idea.
The Communicator selects a channel for the message and sends it.
The receiver issues feedback and becomes the communicator.
2. Put the 3x3 Writing Process in order.
Analyze audience and purpose
Anticipate the audience and its reaction
Edit for Clarity
Proofread for errors
Draft first version of the message
Evaluate whether your message accomplishes its goal.
Organize information
Adapt message to audience
Research background information
Answer and Explanation:
The sequencing of the five steps in the communication process is as follows:
a. The communicator or the sender has an idea
b. After that he or she encodes that idea
c. Now the sender or communicator chooses the channel for the message and after selecting it they send it
d. After that the receiver decodes the message
e. And finally the received gives his or her feedback and he becomes the sender or communicator
explain misconceptions about
comparative advantage
The misconceptions about comparative advantage is that
Comparative advantage is the same as absolute advantage: Absolute advantage refers to the ability of a country, firm, or individual to produce a good or service more efficiently than its competitors. Comparative advantage is only about labor costs: While labor costs can be an important factor in determining comparative advantage, they are not the only factor. Other factors, such as the availability of natural resources, the level of technological development, and the efficiency of production processes, can also play a role.What is comparative advantage?Comparative advantage is a concept in economics that refers to the ability of a country, firm, or individual to produce a good or service at a lower opportunity cost than its trading partners.
There are several misconceptions about comparative advantage that are worth addressing:
Comparative advantage means that every country should specialize in one thing: While it is true that countries can benefit from specializing in the production of goods or services in which they have a comparative advantage, it is not necessary for every country to specialize in a single thing. In fact, most countries produce a diverse range of goods and services, and trade can still be beneficial even when countries do not specialize.Lastly, Comparative advantage means that one country always wins and the other always loses: Comparative advantage is a mutual benefit, not a zero-sum game. When countries trade with one another, both countries can benefit by specializing in the production
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Required : You are to prepare the Arc's federal income tax return in good form . You are not to complete an Ohio state income tax return . The following and schedules are required and may be found in parts 1
Answer:
D
Explanation:
(a) Explain the marketing strategies Sanders ventured in ensuring that his business became global
Sanders ventured in creating a consistent and strong brand culture ensuring his business became global market.
For businesses expanding globally, building a powerful, enduring brand that customers are always able to recognize is a top concern. Brand structure has evolved into more of a brand culture as the internet has grown and expanded. To be more precise, it is increasingly common these days for the business you support to be representative of your culture. If you sacrifice your brand culture, it could be detrimental.
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Briefly explain the weaknesses of the RSA's Industrial Development Zones?
Visit any local business organization and prepare a field report by including the following contents (not less than 800 words): Name of business organization. Nature and type of business organization. The main objectives of business organization. The activities done in business: Products and services dealing. Analysis of either the business is in divergence or convergence position. If divergence position, analyze the areas of divergence or if convergence, how is it processing? How the business idea was created? Explain.
The field report will encapsulate the entire experience had while on the visit such as: XYZ Enterprises is a well-established local business organization that operates in the manufacturing and distribution of consumer electronics and home appliances.
What should constitute the field report?The field report is expected to have the following content (title, body-content, and conclusion) with a template given below:
Title: Visit to XYZ Enterprises
Introduction: During my recent field visit, I had the opportunity to explore and analyze the operations of XYZ Enterprises, a prominent local business organization in the area. This report aims to provide a comprehensive overview of the company, its nature and type, objectives, activities, and its position in terms of convergence or divergence. Additionally, I will delve into the creation of the business idea and its development process.
1. Name of Business Organization: The business organization under study is XYZ Enterprises.
2. Nature and Type of Business Organization: XYZ Enterprises is a manufacturing and distribution company specializing in the production and sale of high-quality consumer electronics and home appliances. The company operates on a large scale and has a well-established presence in the local and regional markets.
3. Main Objectives of Business Organization: The primary objectives of XYZ Enterprises include:
a) Providing customers with innovative and reliable electronic products and appliances.
b) Ensuring customer satisfaction through superior product quality and after-sales services.
c) Expanding market share and establishing a strong brand presence.
d) Maximizing profitability and achieving sustainable growth.
4. Activities of the Business: Products and Services Dealing: XYZ Enterprises engages in a range of activities to accomplish its business objectives. The company designs, manufactures, and distributes various electronic products such as televisions, smartphones, laptops, and home appliances like refrigerators, washing machines, and air conditioners. Furthermore, XYZ Enterprises provides comprehensive after-sales services, including repairs, warranty claims, and customer support.
5. Analysis of Convergence or Divergence Position: Based on my observations and analysis, XYZ Enterprises is currently in a convergence position. The company has strategically aligned its operations with the changing market demands and customer preferences. This can be seen through its efforts to introduce innovative products, expand its product portfolio, and enhance customer experience through efficient after-sales services.
6. Development of the Business Idea:
The business idea of XYZ Enterprises was conceived through a combination of market research, industry analysis, and the vision of the company's founders. The initial concept revolved around addressing the growing demand for reliable and technologically advanced consumer electronics and home appliances. The founders recognized the opportunity to establish a brand that prioritized quality, innovation, and customer satisfaction.
To transform this idea into a tangible business, extensive research and planning were undertaken. The team analyzed market trends, consumer behavior, and the competitive landscape to identify gaps and potential areas for differentiation. This led to the development of a comprehensive business plan, outlining the company's strategic direction, target markets, product range, and marketing strategies.
7. Areas of Convergence: Within the convergence position, XYZ Enterprises focuses on several areas to drive its success:
a) Product Innovation
b) Customer Experience
c) Market Expansion
d) Brand Building
In conclusion, XYZ Enterprises is a well-established local business organization that operates in the manufacturing and distribution of consumer electronics and home appliances. The company has set clear objectives to provide innovative and reliable products, ensure customer satisfaction, and achieve sustainable growth.
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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The 15-year average return for the S&P 500 from January 1973 to December 2016 (29 separate 15 year periods) was as high as a 20% average annual return and as low as a 3.7% average annual return. Additionally, the average dividend yield for the S&P is 4.11% and the average annual dividend growth rate is 6.11%.
Using this information, please compare the investment in the 5% 15-year corporate bond with a $100,000 investment in a stock with a 3.7% dividend yield (10 percent less than the S&P 500 average yield) and a 3% dividend growth rate (50 percent of the S&P 500 dividend growth rate).
The annual investment returns are as follows:
Year 1 (13.40%) Year 2 (23.37%) Year 3 26.38% Year 4 8.99%
Year 5 3.00% Year 6 13.62% Year 7 3.53% Year 8 (38.49%)
Year 9 23.45% Year 10 12.78% Year 11 0.00 Year 12 13.41%
Year 13 29.60% Year 14 11.39% Year 15 (0.73%)
The bond interest payment of 5 percent is paid annually and not reinvested. To compare accurately with the bond investment, the stock dividend will not be reinvested, but paid annually as well.
Please calculate the value of the stock account at the end of each year and the dividend income from the stock on an annual basis.
Once you have performed the calculations, please let me know if you prefer to invest in a 5% corporate bond for 15 years or the stock and why.
What is the value of the stock after year 2? Year 8? Year 11? When does the annual dividend income of the stock exceed the annual interest income of the bond?
1. The value of the stock account after Year 2 is $155,401.626.
2. The value of the stock account after Year 8 is $96,110.0674.
3. The value of the stock account after Year 11 is $96,110.0674.
4. The annual dividend income of the stock exceeds the annual interest income of the bond at the end of Year 15.
Bond interest rate: 5%
Stock dividend yield: 3.7% (10% less than S&P 500 average yield)
Stock dividend growth rate: 3% (50% of S&P 500 dividend growth rate)
We'll assume an initial investment of $100,000.
Year 1:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $100,000 + ($100,000 * 0.2337) = $123,370
1. Year 2:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $123,370 + ($123,370 * 0.2638) = $155,401.626
2. Year 8:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $155,401.626 + ($155,401.626 * (-0.3849)) = $96,110.0674
3. Year 11:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $96,110.0674 + ($96,110.0674 * 0) = $96,110.0674
4. At the end of Year 15, the dividend income of the stock exceeds the interest income of the bond.
Stock dividend income: $100,000 * 0.037 = $3,700
Bond interest income: $100,000 * 0.05 = $5,000
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New Venture Management (1)
1. Discuss the below pricing strategies that would be suitable at each stage based on the product life cycle.
1.
Product Life Cycle Stage
Introductory Stage
* Unique product
* Non-unique product
Pricing Strategy
* Skimming
* Penetration
2.
Product Life Cycle Stage
* Growth stage
Pricing Strategy
* Consumer pricing
3.
Product Life Cycle Stage
* Maturity stage -
Pricing Strategy
* Demand-oriented pricing
4.
Product Life Cycle Stage
* Decline stage
Pricing Strategy
* Loss leader pricing
In the context of the product life cycle, different pricing strategies are suitable for each stage. Let's discuss the pricing strategies that would be suitable at each stage:
Introductory Stage:
Unique product: Skimming Pricing Strategy: This strategy involves setting a high initial price to capture the early adopters and customers who are willing to pay a premium for the innovative and unique features of the product. Over time, as competition increases, the price can be gradually lowered.
Non-unique product: Penetration Pricing Strategy: This strategy involves setting a low initial price to quickly gain market share and attract customers. The goal is to penetrate the market by offering competitive pricing and capturing a large customer base. As the product gains traction and demand increases, the price can be adjusted upwards.
Growth Stage:
Pricing Strategy: Consumer Pricing: At this stage, the product has gained market acceptance, and competition may be intensifying. Consumer pricing strategies involve setting prices based on the perceived value of the product to the target customers. Prices can be set at a level that provides a balance between profitability and customer satisfaction, considering factors such as competition, customer preferences, and market dynamics.
Maturity Stage:
Pricing Strategy: Demand-Oriented Pricing: In the maturity stage, the market becomes saturated, and there may be a slowdown in customer growth. Demand-oriented pricing strategies focus on adjusting prices based on the current market demand and customer sensitivity to price changes. This may include pricing tactics such as discounts, promotional offers, and pricing bundles to maintain market share and stimulate demand.
Decline Stage:
Pricing Strategy: Loss Leader Pricing: In the decline stage, the market demand decreases as the product becomes outdated or faces competition from newer alternatives. Loss leader pricing involves setting the price of the product below cost or at a minimal profit to attract customers and generate sales. The goal is not necessarily to make a profit but to liquidate inventory, retain some loyal customers, or create opportunities for upselling or cross-selling other products.
It is important to note that these pricing strategies are not fixed and can be adjusted based on specific market conditions, competitive factors, and the overall business strategy. Flexibility and adaptability in pricing decisions are crucial throughout the product life cycle to ensure sustained success and profitability.
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Name three major events that you think will affect US public finance
1) Managing the budgetary demands of decreased revenues, increased service demands and the costs of unfunded state and federal mandates.
2) Meeting the demands of infrastructure and its associated costs.
3) Understanding and addressing barriers for shared service agreements or voluntary mergers.
MAKE ME BRAINLIST PLSA company is planning to purchase a machine that will cost $45,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? 6.00 years. 2.11 year. 5.59 years. 11.18 years. 2.89 years.
Answer:
2.89 years
Explanation:
The computation of the payback period is shown below:
As we know that
Payback period = Initial investment ÷ Annual cash inflow
where,
The Initial investment is $45,000
And, the annual cash inflow is
= Net income + depreciation expense
= $8,050 + $7,500
= $15,550
So , the payback period is
= $45,000 ÷ $15,550
= 2.89 years
1. Which of the following statements explains why the demand curve in the loanable funds market slopes downward? *
1 point
As the real interest rate increases, lenders are willing to lend more money
As the real interest rate decreases, lenders are willing to lend more money
As the real interest rate increases, borrowers are willing to borrow more money
As the real interest rate increases, borrowers are willing to borrow less money
None of these explanations is appropriate.
Many unethical behaviors lead to the passage of legislation that makes those
behaviors legal.
TRUE OR FALSE
These unethical behavior examples help identify what is not considered These are just some of the many different examples of unethical behavior that could occur. Double standard which makes it unethical and causes a black eye to law .In verse 14 it says Truth has fallen in the public squares (KJ says streets. So true
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at a price for which quantity supplied exceeds quantity demanded, a is experienced, which pushes the price toward its equilibrium value. (1pts) question 12 - at a price for which quantity supplied exceeds quantity demanded, a is experienced, which pushes the price toward its equilibrium value. surplus; upward shortage; downward surplus; downward shortage; upward
A surplus occurs when the quantity supplied exceeds the quantity demanded, bringing the price closer to its equilibrium value. A surplus is a situation in which there is an excess supply of a good or service.
What is Equilibrium Value?The price at which the quantity of goods or services offered in a market equals the quantity demanded is known as equilibrium value or market-clearing price.
To put it another way, it is the intersection of the supply and demand curves, meaning that there is neither too much supply nor too little demand in the market. The market is balanced when both buyers and sellers are willing to trade the same quantity of goods or services at the equilibrium price.
In economics, the idea of equilibrium value is important because it helps figure out the best balance between production and consumption in a market. There is no shortage or surplus of goods when the market is in equilibrium, indicating that resources are being allocated effectively. However, if the market is out of balance, there may be a shortage or surplus of goods, which could lead to an inefficient use of resources and economic inefficiency.
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For each of the following transactions for the Sky Blue Corporation, give the accounting equation effects of the adjustments required at the end of the month on October 31.
a. Collected $2,250 rent for the period October 1 to December 31, which was credited to Unearned Revenue on October 1.
b. Paid $1,080 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount.
c. Used a machine purchased on October 1 for $42,000. The company estimates annual depreciation of $4,200
Answer and Explanation:
Please find answer and explanation attached
1. Describe the FIVE (5) important stages of consumer decision process.
2. A retail store or chain's operational strategy might depend on its target customer and the product they sell. Discuss FOUR (4) essential components for a successful store operation.
The FIVE (5) important stages of consumer decision process are:
problem recognition information search alternatives evaluation purchase decision post-purchase evaluation.The essential components for a successful store operation are:
Customer inquiries: There should be a room for inquiries.Omnichannel help and support: The customer service must be up and doing.Quick deliveries ; the product must get to the final consumer at appropriate time.What is chain's operational strategy ?A functional strategy, the operations and supply chain strategy outlines how the structural and infrastructural components within the operations and supply chain areas will be developed and acquired to support the overall business plan.
Setting broad policies and plans for the most effective use of the company's resources is what operations and supply chain strategy entails. The company strategy needs to be connected with this. Performing tasks in a way that best executes strategic priorities while incurring the least expense is the definition of operations effectiveness.
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