The term "equilibrium" refers to the point where supply and demand in a market are balanced, meaning the quantity supplied equals the quantity demanded. At the equilibrium point, there is no excess supply or excess demand in the market.
The quantity at the equilibrium point is determined by the intersection of the supply and demand curves, representing the quantity at which buyers are willing to purchase and sellers are willing to supply.
The average cost of goods sold refers to the average cost incurred by a company to produce and sell each unit of goods or services. It is a measure of the cost efficiency in the production process.
It is not clear what is meant by "the point where supply and demand drop." In a typical market, supply and demand curves do not drop but instead interact to determine the equilibrium point and price.
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NYSE MARKET DIARY
Yesterday Prev. Day
Advanced 577 827
Declined 1963 1757
Unchanged 455 388
Total Issues 2995 2972
New Highs 10 13
New Lows 91 78
Based on the information presented for both days, a technical analyst would conclude that the market:
A. is in a consolidation phase
B. breadth indicates a strong bullish trend
C. breadth indicates a strong bearish trend
D. is peaking and will soon enter a downturn
The costs per equivalent unit of direct materials and conversion in the rolling department of oak ridge steel company are 180 and 62
Answer:
Equivalent units of direct materials= $180 per tons
Equivalent units of conversion =$62 per tons
Explanation:
Calculation to Determine the direct materials and conversion costs per equivalent unit.
Using this formula
Equivalent units of direct materials=Cost of direct materials transferred/Total equivalent units for direct materials
Let plug in the formula
Equivalent units of direct materials= $432,000/2,400
Equivalent units of direct materials= $180 per tons
Therefore the direct materials cost per equivalent unit will be $180 per tons.
Calculation for Equivalent units of conversion using this formula
Equivalent units of conversion=Conversion cost /Total equivalent units for Conversion
Let plug in the formula
Equivalent units of conversion=$144,150/2,325
Equivalent units of conversion= $62 per tons
Therefore the conversion cost per equivalent unit will be $62 per tons.
T.Office, an office supply company, is looking to specialise in only manufacturing one type of products to improve efficiency of production through economy of scale and specialisation. They went through 576 clients' orders to identifiy and classify clients into 2 types: 1. Clients engaged with buying stationery from T.Office. 2. Clients engaged with printing services (business cards, letterheads, envolopes etc.) 190 of the clients buy stationery from T.Office. Of these 190 clients, 13 of them engage in printing services with T.Office. Overall, 127 clients engage in printing services with T.Office. A client is chosen at random. What is the probability that this client buys stationery and does not engage in printing with T.Office? (3 decimal places)
In this scenario, T.Office has a 30.7% probability of a client buying stationery and not engaging in printing services.The probability that a client buys stationery and does not engage in printing with T.Office is 0.249.
T.Office's stationery-buying clients = 190 (also equivalent to 190/576 = 0.330)
T.Office's printing-engaging clients = 127T.
Office's printing clients that also buy stationery = 13
Let's determine
T.Office's stationery-buying clients that don't engage in printing services.
Total clients that buy stationery = 190
Clients that buy stationery and engage in printing = 13
Clients that buy stationery and do not engage in printing = 190 - 13 = 177 (also equivalent to 177/576 = 0.307)
Let's determine the probability that a randomly chosen client buys stationery and does not engage in printing services.
P(Stationery-buying client does not engage in printing)
= (177/576) × 100%
= 30.7291667%
= 0.307291667 = 0.249 (to 3 decimal places)
Therefore, the probability that a client buys stationery and does not engage in printing with T.Office is 0.249.
Probability is a measure of the likelihood of an event occurring. It is important for companies to analyze these probabilities to better understand consumer behavior and preferences. In this scenario, T.Office has a 30.7% probability of a client buying stationery and not engaging in printing services.
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Which of the following is NOT an essential element of a contract for the purchase of a one- to four-family residential resale property?a) Competent partiesb) Considerationc) Offer and acceptanced) Earnest money
Answer:
a) Competent parties
Explanation:
This is not an essential element of such a contract because basically we would not expect a minor to be involved in a transaction of a four-family residential resale property.
Remember, competent parties contract requirements are that the two parties in the sale contract should be persons legally and mentally capable of entering into contracts that is enforceable by law.
e-distributors are sometimes referred to as many-to-one markets, many sellers serving one firm. True or false
There are many buyers and one seller, one producer Competitive Market of a product with no direct competitors, and obstacles to entry for new businesses. This statement is True.
The term "competitive market" in economics refers to a market where there are several buyers and sellers and no single buyer or seller has a large impact on the market. There are many buyers and sellers, little entry barriers.
And uniform products in competitive markets.Thanks to the jobs it creates, people have a variety of employers and work environments to select from. Competition also reduces the need for state intervention through business regulation. A competitive free market benefits consumers, society, and individual freedom.Three main characteristics of perfect competition are: (1) lack of any notable commercial hegemony; (2) standardisation.
Complete question:
competitive market e-distributors are sometimes referred to as many-to-one markets, many sellers serving one firm. True or false?
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Which of the following is the best definition of a liability in accounting?
A. Anything your company owes to someone besides the business
owner
O B. A debt your business owes that must be repaid during the present
accounting period
c. Anything your company owes to the business owner
D. Anything your company needs to sell during the present
accounting period
The best definition of liability is anything your company owes to someone besides the business owner (option a).
What is liability?Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Liabilities reduce the net worth of a company.
Liabilities are resources that have been borrowed or that are owned. They would need to be repaid at a future date. An example of a liability is debt and account payable.
Liability can be short term or long term. It is short term if it has to be paid within a year and it is long term if its duration is greater than a year or one accounting period.
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What is the Federal Reserve System able to do?
A. Mandate that the government create new jobs
B. Provide loans to individuals
C. Provide loans to banks
D. Encourage individuals to spend more money
Answer:
c
Explanation:
The federal reserve systems responsibilities include influencing the supply of money and credit to banks
True or false: HRM is just as important to a company as the company's finance, marketing, and accounting departments.
**True.** HRM (Human Resource Management) is just as important to a company as its finance, marketing, and accounting departments.
While each department plays a crucial role in the overall functioning of a company, HRM is equally significant in ensuring the success and effectiveness of the organization. HRM is responsible for managing the company's human capital, including recruitment, selection, training, performance management, employee engagement, and employee relations.
Effective HRM practices contribute to various aspects of a company's success. For instance, HRM plays a vital role in attracting and retaining top talent, which is crucial for driving innovation, productivity, and competitiveness. HRM also ensures compliance with labor laws and regulations, promotes a positive work culture, fosters employee development, and manages conflicts or issues within the workforce.
Additionally, HRM plays a critical role in aligning the company's human resources with its strategic goals, facilitating organizational change, and promoting diversity and inclusion. Without effective HRM, companies may struggle to attract and retain talented employees, experience low employee morale, face legal and compliance risks, and hinder overall organizational performance.
Therefore, recognizing the importance of HRM as being on par with finance, marketing, and accounting departments is essential for organizations to thrive in a competitive business environment.
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Lisa’s company, ABC Ltd. , lost its biggest client and is now facing a financial crunch. Most of her colleagues have resigned, but Lisa decides to stay with the company and assist the management in overcoming the financial situation. Which quality is Lisa demonstrating? A. Self-management B. Cooperativeness C. Responsibility D. Loyalty.
The company of Lisa lost its biggest client, as a result, the company faced a financial crunch, but Lisa shows most loyal to his company and decides to stay with the company.
What is the meaning of loyal?It means rendering or showing the firm a constant support or allegiance to a person or institution.
It also means that someone who is loyal remains firm in their friendship or support for a person or thing.
Therefore, Lisa is demonstrating an attitude of loyalty. She showed this by not giving up the company inspite the tribulations that it is going through.
She is also optimistic that after all that has happened, the company will grow and overcome all the financial situation and still be able to perform just as well as they did the previous years.
So, the option D is correct.
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Answer:
loyalty
Explanation:
Which of the following are the key sub-environments that mold the external business environment? Select all that apply.
Question 6 options:
Political and legal
Entrepreneurial
Technological
Demographic
Managerial
The key sub-environments that mold the external business environment include the political and legal, technological, and demographic. Options 1, 3, and 4.
What is an external business environment?
The external business environment is a business aspect that is beyond the company's control. It is made up of the opportunities, challenges, and threats that a company faces. It is a critical part of business analysis, which refers to the company's overall business environment.
The external business environment can be divided into two categories, namely the general environment and the task environment. The general environment is composed of the political and legal, technological, and demographic sub-environments.
The task environment is made up of industry-specific environments that include the company's competitors, suppliers, customers, and other stakeholders involved in the day-to-day operations of the business.
Hence, the right answer is Options 1, 3, and 4. Political and legal, technological, and demographic.
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A household that is a net saver owes less money to its creditors than it has saved or has lont out to other entities. If there is an increase in interest rates in an economy, then what will happen to the consumption of the households in that economy that are net savers? Both the income and substitution effects will drive their current consumption down. The income effect will drive their current consumption up, but the substitution effect will drive it down The income effect will drive their current consumption down, but the substitution effect will drive it up O Both the income and substitution effects will drive their current consumption higher The income effect will drive their current consumption up and the substitution effect will keep it unchanged
A household that is a net saver owes less money to its creditors than it has saved or has lent out to other entities. If there is an increase in interest rates in an economy, then the consumption of the households in that economy that are net savers will be driven down by both the income and substitution effects.
In general, the income effect is caused by a decrease in the purchasing power of the households' financial savings as a result of the increase in interest rates. This is due to the fact that an increase in interest rates will lead to an increase in the return on savings, which will raise household income and wealth. This will encourage individuals to save more and consume less than they would have if interest rates had remained the same.On the other hand, the substitution effect is caused by a rise in the relative cost of consumption, which occurs as a result of the increase in interest rates. As a result, households are more likely to save rather than consume because saving becomes more attractive due to the higher interest rates. Thus, both the income and substitution effects will cause households to consume less. Hence, the correct option is: "Both the income and substitution effects will drive their current consumption down."
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Which situation would most likely cause a currency with a flexible exchange rate to increase in value?
Answer:
:A currency with a flexible exchange rate is one that is determined by supply and demand in the foreign exchange market. Therefore, the most likely situation that would cause a currency to increase in value is an increase in demand for that currency relative to its supply.
This can happen for a variety of reasons, such as an increase in foreign investment in the country, an increase in exports, or a decrease in the supply of the currency due to government intervention or a decrease in the money supply.
For example, if a country has a strong economy and is seen as a safe place to invest, foreign investors may want to buy more of that country's currency, causing its value to increase. Similarly, if a country's exports become more competitive due to a decrease in the value of its currency relative to other currencies, demand for that currency may increase, causing its value to rise.
In the following example of how T accounts are used
T accounts are a visual representation of an account that is used in accounting to record transactions and track the balance of each account. T accounts are shaped like the letter ""T"" and are used to show the debit and credit entries for each account, making it easy to see the impact of each transaction on the account balance.
An example of how T accounts are used is in the recording of a cash transaction. For example, let's say a business owner receives $100 in cash for a sale. To record this transaction in a T account, the business owner would create a T account for cash and make two entries: a debit entry of $100 to the cash account, and a credit entry to the sales account.
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Unable to find Complete Question.
Which of the following is NOT regulated by the government?
Local employment agencies
Public schools
Private schools
Funding for retraining of workers
Answer:
Funding for the retraining of workers
Explanation:
Funding for the retraining of workers is a function internal to an organization that has to do with the retraining of workers towards a continuous profession development in upgrading and acquisition of new skills .
While other options in the question are under the regulation of the government, the funding for retraining of workers is left at the discretion of the employer or organization. This is why we have discrepancies in the approaches of different organization to this function.
Which of the following is NOT an approach to appraisal?
The value approach
The market approach
The cost approach
The income approach
The approach that is NOT an approach to appraisal is: more than 100. The term "more than 100" is not a recognized approach to appraisal.
An appraisal is the act or process of estimating the value of a property, such as real estate, a business, or other assets. Appraisals are often conducted to determine the fair market value of a property, which is the price that a willing buyer would pay a willing seller for the property in an open and competitive market.
This helps buyers, sellers, and lenders to make informed decisions about buying, selling, or financing a property.Types of appraisal approachesThere are four commonly used approaches to appraisal, which include:1. The cost approach2. The income approach3. The value approach4.
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What criteria cannot be used to create a custom segment?.
Answer:
When a report is based on data from a large number of sessions you may see the following notice at the top of the report This report is based on sessions.You can adjust the sampling.
Explanation:
hope this helps
what are the components of micro environment
Explanation:
the factors or elements in a firm's immediate environment which affect its performance and decision-making; these elements include the firm's suppliers, competitors, marketing intermediaries, customers and publics.
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on january 1, 1980 suzanne received a twenty-year annuity-due that paid $100 each january 1 and $300 each july 1. what was the value of this annuity on january 1, 1980, calculated using an effective interest rate of 4.48%?
The value of the annuity due on January 1, 1980 is equal to the present value of the annuity due, that is $5,445.7
The given interest is the effective interest rate : 4.48%.
Both payment on January 1 and July 1 is once a year, hence Suzanne will receive $400 per year.
The present value of an annuity due is given by:
P = C × [1 - (1+i)⁻ⁿ] × (1+i)/i
Where:
C = cash flow
n = number of periods
i = interest rate
Parameters given:
i = 4.48% = 0.0448
n = 20
C = 400
Plug these parameters into the formula:
P = 400 × [1 - (1.0448)⁻²⁰] × (1.0448)/0.0448
= 5,445.7
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elobrate on the tertiary sector
Answer:
Explanation:
The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work. It is made of: the non-market sector (public administration, education, human health, social work activities).
Answer:
Tertiary Sector is a sector which does not include agriculture and industries in it, however, it includes banking, communication, power, education, health etc.
Explanation:
Tertiary activity consists of all service occupations. Transport, communication, trade, health, education and administration are important examples of tertiary activities. These tertiary activities help in the development of the primary and secondary sectors.
As a firm grows in size, it may diversify. This would enable it to take advantage of ....................economies of scale
As a firm grows in size and diversifies, it may be able to take advantage of scope economies or synergies.
These economies of scale arise from the ability to share resources, such as technology, production facilities, distribution networks, and marketing expertise across different business units or product lines. By sharing these resources, the firm can lower its average cost per unit of output and become more efficient, which can lead to increased profitability and competitiveness in the market.
What is synergies?
Synergies refer to the benefits or advantages that are achieved when two or more entities, such as businesses , work togetheror combine their efforts. The concept of synergies is based on the idea that the whole is greater than the sum of its parts, meaning that the combined efforts of the entities produce better results than if they were working separately.
Synergies can be achieved in various ways, including: Cost synergies, Revenue synergies,Technology synergies, Market synergies.
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Complete question is: As a firm grows in size, it may diversify. This would enable it to take advantage of scope economies of scale.
Urgent, please help (see attached image)
Please help me with this table.
Thanks.
According to public choice economists, the federal government has expanded because
A. the federal government is efficient in its spending.
B. deficit spending has reduced the perceived cost of current government operations.
C. taxpayers pay the full cost of current government operations.
D. the public likes to pay higher taxes to finance more programs.
Economists believe that the federal government has expanded because B. deficit spending has reduced the perceived cost of current government operations.
What do economists think of the federal expenditure?They believe that because the government can finance more expenditure with debt, they have engaged in more expenses than they can actually afford.
This means that the government no longer views the cost of government operations as high because they can engage in deficit spending.
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A family's financial plan is likely to be less complex than an
individual's.
True
False
Answer:
False
Explanation:
A family's financial plan inolves more than a single individual.
How would you demonstrate professional conduct without telling the intern what professional conduct is?
Answer:
Examples of professional behavior include, but are not limited to: Placing the success of the team above self interest; not undermining the team; helping and supporting other team members; showing respect for all team members; remaining flexible and open to change; communicating with others to resolve problems.
Explanation:
Quebec supplies roughly 75% of the world’s supply of what?
Answer:
Explanation:
Quebec supplies roughly 75% of the world's supply of maple syrup. The province of Quebec in Canada is known for its vast forests of maple trees and is responsible for the majority of the world's maple syrup production. The syrup is produced by tapping the trees, collecting the sap, and boiling it down to concentrate the sugar. Quebec's reputation for high-quality maple syrup, combined with its large-scale production, has made it the dominant global supplier of the sweet, sticky syrup.
Even when economic indicators show that the economy is down, small businesses often thrive. Think of a small business in your community that would do well, even if people did not have a lot of extra money to spend, and explain the advantages it has over larger businesses.
Answer:
A drug store is a type of business that is likely to do well even in an economic recession.
This is because drug stores sell an essential good, that often has a high price, and that is needed by many people, specially those who suffer from chronic diseases.
In other words, people will likely reduce their consumption of many other goods before reducing their consumption of prescription drugs.
Opportunity costs ______. are benefits that are given up when selecting one alternative over another are uncommon in decision making should be considered in decision making are part of traditional accounting records
Answer: are benefits that are given up when selecting one alternative over another.
Explanation: When faced with the decision to make a choice between two probable options or the need to give up a certain amount of a product in other to increase production of another, the benefit or choice forgone by opting to go for an alternative is called opportunity cost. Put simply, the cost incurred or loss associated with giving up a certain investment for another.
Opportunity cost can be computed mathematically using the relation:
Opportunity cost = (Return on best forgone option - return on chosen alternative).
Opportunity cost is often considered in other to guide and weigh investment options.
Opportunity costs are benefits that are given up when selecting one alternative over another and should be considered in decision making.
Opportunity cost refers to the value of the best alternative forgone when making a decision. It represents the benefits or profits that could have been obtained by choosing an alternative option. In other words, it's the cost of what you have to give up in order to choose something else.
Understanding opportunity costs is crucial in decision making because it allows individuals and businesses to evaluate the trade-offs involved in various choices. By considering the opportunity cost, one can weigh the potential benefits and drawbacks of different options and make more informed decisions.
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Question #: 20 The expected return of the market portfolio is 10%, and its expected standard deviation is 20%. The risk-free rate is 5%. Assuming CAPM holds and there is market equilibrium (i.e., assets are fairly priced), which of the scenarios would be possible? A. Portfolio X : expected return =7% and Beta=0.6 B. Portfolio Y : expected return =10% and Beta=0.9 C. Portfolio Z: expected return =12% and Standard Deviation =28% D. All scenarios are possible. E. None of the above scenarios is possible.
The correct answer is option A. Portfolio X with an expected return of 7% and a beta of 0.6 is possible.
Based on the information provided, we can use the Capital Asset Pricing Model (CAPM) to determine the expected return of a portfolio. The CAPM formula is:
Expected Return = Risk-Free Rate + Beta * (Expected Return of Market Portfolio - Risk-Free Rate).
Let's evaluate each scenario:
A. Portfolio X: The expected return is 7% and the beta is 0.6. Using the CAPM formula, we get:
Expected Return = 5% + 0.6 * (10% - 5%) = 7%.
So, scenario A is possible.
B. Portfolio Y: The expected return is 10% and the beta is 0.9. Using the CAPM formula, we get:
Expected Return = 5% + 0.9 * (10% - 5%) = 9.5%.
Since the expected return of Portfolio Y is not equal to 10%, scenario B is not possible.
C. Portfolio Z: The expected return is 12% and the standard deviation is 28%. However, we are not given the beta value. Without the beta, we cannot calculate the expected return using CAPM. Therefore, scenario C is not possible.
D. All scenarios are possible. This statement is not correct because we have determined that scenario B is not possible.
E. None of the above scenarios is possible. This statement is also not correct because scenario A is possible.
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Which is an effect of cultural differences on global trade?
Though you are all speaking the same language during price negotiations, certain words have a different meanings to each person in the conversation.
How a country represents the restrooms on a building layout.
Challenges finding the cheapest supplier of paper in a different country than where your corporate HQ resides.
All of these could potentially be cultural differences affecting global trade.
Some of the main effect of cultural differences on global trade is influencing how the multinational and cross-cultural teams interact and collaborate in their business.
Which is an effect of cultural differences on global trade?Cultural differences can have a significant impact on global trade, as cultural differences can influence how goods and services are perceived, produced, and consumed.
Some of the effects of cultural differences on global trade include:
Market segmentation: Different cultures may have unique preferences and needs, leading to market segmentation, where goods and services are customized to meet specific cultural demands.Communication barriers: Different languages, communication styles, and cultural norms can lead to misunderstandings, communication barriers, and decreased efficiency in global trade.Adaptation of products: Cultural differences may require companies to adapt their products to meet the needs and preferences of different markets.Perception of business practices: Different cultural norms and values can impact how business practices are perceived, leading to challenges in negotiating and conducting business across cultural borders.In all, these differences can provide opportunities for trade, but they can also create challenges that need to be addressed in order to facilitate successful cross-cultural trade.
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What are the current fiscal and monetary policies of the Biden administration
In August 2022, his Inflation Reduction Act became law. Real GDP, salaries, employment, stock market returns, and household net worth all experienced significant increases in Biden's first year in office (2021), but inflation also rose.
The unemployment rate averaged 3.6% in his second year (2022), which was the lowest level since 1969. Compared to President Joe Biden, his administration's GDP growth was by far the highest, increasing by more than 1%. But he also had the third-highest unemployment rate and the highest inflation rate.
On Wednesday, January 20, 2021, Joe Biden was sworn in as the 46th president of the United States, beginning a four-year administration that also included Kamala Harris as vice president.
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