Brazil exports coffee into the common market known as the european union and imports from the european union other products that brazil could produce but at a higher cost than what it costs the europeans to produce. This practice follows the theory of Trade.
A trade deficit occurs when a country imports more than it exports. For example, in 2018, the United States exported $2.5 trillion worth of goods and services and imported $3.121 trillion, leaving a trade deficit of $621 billion. One advantage is when a country specializes in a product that can be supplied more efficiently or at a lower cost than producing other items.
Imports and exports are important for economic development and growth because not all countries have the necessary resources and skills to produce certain goods and services. Nevertheless, countries impose trade barriers such as tariffs and import quotas to protect domestic industries.
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If increasingly more units of good y must be given up as each successive unit of good x is produced, then the ppf for these two goods is.
If increasingly more units of good y must be given up as each successive unit of good x is produced, then the pdf for these two goods is A downward-sloping curve that is bowed outward.
A downward slope of the demand curve means that demand will increase when prices fall. Quantity is on the x-axis and price is on the y-axis creating a downward sloping demand curve. It shows a constant descent. Although the curve slopes to varying degrees, a downward direction is inevitable. Such a downward slope of the demand curve from left to right explains the law of demand. This happens because price and demand are inversely related.
The supply curve from a profit-maximizing firm can be vertical, horizontal, or sloping. Industry supply curves can be downward, but individual company supply curves are never downward.
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course hero what is the economic system where peasant residents of a manor provide labor and goods for their lord in return for protection? group of answer choices manorialism vassalage monasticism feudalism
Also called Manorialism, manorialism, seignorial or feudal order, the political, economic, and social system by which medieval European peasants became dependent on their lands and lords.
Feudalism and mannerism were the dominant land systems in most of medieval Europe. Manorialism. An economic system based on manors and estates, including villages and surrounding crops, controlled by a lord. It developed in the Middle Ages to increase agricultural production. Serf.
The main difference between feudalism and mannerism is that feudalism describes the relationship between kings and lords whereas mannerism describes the relationship between landlord nobility and peasants.
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Social ________ is characterized by an individual or organization who seeks out opportunities to improve society by using practical, innovative, and sustainable approaches.
A person or group exhibiting social entrepreneurship looks for ways to advance society by employing realistic, creative, and long-lasting strategies.
More about social entrepreneurship:
The process by which individuals, businesses, and entrepreneurs create and finance solutions that directly address social challenges is known as social entrepreneurship. Therefore, a social entrepreneur is someone who looks into business prospects that benefit their neighbourhood, society, or the entire planet.
The context wherein social entrepreneurship and social ventures function has come under increasing scrutiny from researchers in recent years. This will assist them in developing better strategy and achieving overall double bottom line goal.
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the result of positive externalities is that the market produces too units of a product that could benefit society, resulting in producers resources to that product.
The result of positive externalities is that the market produces too Few units of a product that could benefit society, resulting in producers underallocating resources to that product.
What is underallocating resources?When resources are under-allocated, it means that there are more available than are required to finish the task at hand. Lower levels of productivity and potential are the results of this. When resources are overworked, over-allocation takes care of the situation. When a resource is given more work to complete in a given period of time than their actual capacity, this is referred to as being overloaded. A matrix organisation with numerous reporting lines and varying priorities faces the challenge of overallocation.
The distribution of resources among competing alternatives in order to reduce total costs or increase total return is referred to as an allocation problem.
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Scranton paper company generates $. 97 in sales for every $1 invested in total assets. Which one of the following ratios would reflect this relationship?
Of the following ratios reflecting this relationship is Total asset turnover.
The total asset turnover ratio is a mathematical function that calculates how efficiently a company converts assets into revenue. The formula was first used in the 1920s as part of Dupont's corporate analysis and has been the industry standard ever since.
For example, an asset turnover ratio of 0.50 indicates that the company is able to convert each asset's value into 50 cents of revenue. A higher asset turnover ratio is usually considered better, as it indicates that the company can more efficiently generate profits based on available inventory.
The asset turnover ratio is effective for comparing businesses in the same sector but is meaningless when comparing businesses operating in different industries. Companies and small retail stores often have higher asset turnover ratios because they typically generate a large number of sales compared to the cost of their assets. Retail stores sell merchandise at prices that are usually much less than they pay for inventory, so the ratio is high. Utility and real estate companies often have lower asset turnover ratios because of their lower sales margins.
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a target market is a group of people or organizations for which an organization designs, implements, and maintains a marketing mix intended to meet the needs of that group, resulting in mutually satisfying exchanges
A target market is a collection of individuals or organizations for whom a company creates, develops, and maintains a marketing strategy to match their demands, resulting in mutually beneficial exchanges.
What exactly is meant by the target market?A target audience is a group of prospective clients to whom you intend to sell goods or services. Each group is subdivided into smaller sections. Age, geography, income, and lifestyle are commonly used to categorize segments.
What is the significance of a target market?Defining a target market helps advertisers should focus on those who are most likely to buy the goods. By reducing the population, research as well as resources are focused on the clients with the most profit potential.
Who and why will constitute your target market?Your target audience is the exact set of consumers who are most likely to really want your product or service, therefore they are the ones who should see your advertising efforts. Age, gender, wealth, location, interests, and a variety of other criteria can all influence the target audience.
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I understand that the question you are looking for is:
___________a group of people or organizations for which an organization designs, implements, and maintains a marketing mix intended to meet the need of that group, resulting in mutually satisfying exchanges
What do you think? should the government scrutinize corporate actions more closely to limit the tremendous power corporations wield in our society, or should government try as much as possible to get out of the way so corporations can maximize profits and shareholder value? you
The only responsibility corporate executive have is to their bosses: the shareholders of the firm.
Many others have disputed Friedman's theory since the 1980s, including Rebecca Henderson, Lynn Stout, Ian Mitroff, and R. Edward Freeman, among others. Stakeholder value, or the idea that CEOs have obligations to more than just shareholders, including workers, customers, suppliers, and people of the communities in which businesses operate, has been advocated instead. Legally speaking, corporate managers are given a lot of latitude in how they run the business and can justifiably justify considering social interests in order to preserve the company's long-term worth. Due to the well-known "BlackRock memo," which was issued by CEO Larry Fink, this concept has recently gained a lot of attention.
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which of these companies is demonstrating monopolistic competition by trying to differentiate its product because it is similar to products offered by other companies?
The Cinemark movie theater chain enters a promotional address Starbucks where clients earn a unfastened coffee after they attend a matinee. is demonstrating monopolistic opposition with the aid of trying to differentiate its product because it's miles just like merchandise offered through other businesses.
However what many moviegoers might not recognise is that Cinemark is genuinely owned by AMC Theatres, the biggest film theater chain inside the world. at the same time as Cinemark may not be as widely referred to as AMC, the two chains are really very similar.
Monopolistic opposition is a kind of imperfect opposition such that there are many producers competing against each other, but promoting merchandise which can be differentiated from one another and therefore aren't ideal substitutes.
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an owner can lease her building for $100,000 per year for three years. the explicit cost of maintaining the building is $35,000, and the implicit cost is $50,000. all revenues are received, and costs borne, at the end of each year. if the interest rate is 7 percent, determine the present value of the stream of:
The Account Profit formula:
Accounting Profit = Total Revenue - Explicit Cost
Accounting Profit = $100,000-$35,000
Accounting Profit = 65,000
After you find your Accounting Profit you need to use the Present Value of a Stream Formula which is:
PV = FV1/(1+i)^1 + FV2/(1+i)^2 + FV3/(1+i)^3
After plug in what you know..
PV = 65000/(1+4%)^1 + 65,000/(1+4%)^2 + 65,000/(1+4%)^3
PV = 217,859.84
So the owners Accounting Profit is 217,859.84
Economic Profit:
For Economic Profit you need to start with the Economic Profit formula:
Economic Profit = Total Revenue - (Explicit Cost+ Implicit Costs)
Economic Profit = $100,000 - (40,000+55,000)
Economic Profit = 5,000
After you have found the Economic Profit you need to use the Present Value of a Stream Formula, which is:
PV = FV1/(1+i)^1 + FV2/(1+i)^2 + FV3/(1+i)^3
After plug in what you know...
PV = 25,000/(1+7%)^1 + 25,000/(1+7%)^2 + 25,000/(1+7%)^3
PV = 26750+28622.5+30626
So the owners Economic Profit is 85999
What is economic benefit?An economic benefit or loss is the distinction between the income received from the deal of an output and the costs of all inputs utilized, as well as any opportunity costs. In calculating economic benefit, opportunity costs and express costs are deducted from revenues earned. Economic profit can be calculated as income short express costs short opportunity taken a toll. Express costs are all costs ordinarily accounted for, such as labour costs, materials costs, promoting, devaluation, and charges.
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a is an organizational strength or ability, developed over a long period, that customers find valuable and competitors find difficult or even impossible to copy.
core competency is an organizational strength or ability, developed over a long period, that customers find valuable and competitors find difficult or even impossible to copy.
What is the meaning of core competency?For any organization, its core competency refers to the capabilities, information, aptitudes and assets that constitute its "characterizing quality." A company's core competency is particular, and thus not effectively duplicated by other organizations, whether they're existing competitors or unused participants in its showcase.
Core competencies are the assets and capabilities that include the key points of interest of a business. A modern administration theory argues that a business must characterize, develop, and abuse its core competencies in arrange to succeed against the competition.
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If an operations manager wishes to help workers understand the movement of material, information, or people throughout a process, what tool should he or she use?.
An operations manager should use communication to aid employees in comprehending the flow of information, people, or materials during a process.
More about operations manager:
In order to regulate production and commercial operations as efficiently as possible, operations management is concerned. To optimise net operating profit, OM experts strive to strike a balance between operating costs and revenue.
Whether or not it is referred to as "operations," every organisation has an operations function. The majority of organisations have the production of goods and/or services as their objective or purpose. To accomplish this, they must obtain resources, transform them into outputs, and then disseminate them to the target audience.
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in blank analysis, management evaluates the firm's various products and businesses, then allocates resources according to potential profit outlook.
In portfolio analysis: Management evaluates the firm's a variety of products and agencies and management allocates its resources to merchandise with the best possible to be profitable.
A advertising strategy: Outlines what a company plans to do to appeal to conceivable customers.
Why portfolio evaluation approach is important?Portfolio evaluation gives the following advantages: It encourages management to consider each of the organization's organizations for my part and to set objectives and allocate sources for each. It stimulates the use of externally oriented information to complement management's intuitive judgment.
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https://brainly.com/question/2758250#SPJ4during the year, boring company increased its accounts receivable by $130, decreased its inventory by $65, and increased its accounts payable by $80. how did these three accounts affect the firm's cash flows for the year?
Boring Company raised its accounts payable by $80, decreased its inventory by $65, and increased its accounts receivable by $130 during the course of the year. So these account affect 15 dollar source of cash.
What is inventory?Both the raw materials required to make products and the products that are on hand for purchase are included in inventory.On a company's balance sheet, it is categorized as a current asset.Raw materials, work-in-progress, and completed items are the three categories of inventory.There are three different methods for valuing inventory: first-in, first-out; last-in, first-out; and weighted average.Businesses may reduce inventory expenses by using inventory management when they produce or acquire commodities as needed.To know more about Inventory, refer to the following link:
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When a project is housed within a functional division, such as manufacturing, it is called a ________ project.
When a project is housed within a functional division, such as manufacturing, it is called a functional project.
A functional structure is one in which the organisational reporting connections are divided into their respective functional areas. Divisional Structure refers to an organisational structure in which the organisational functions are divided into groups based on product or service lines, markets.
A functional structure places workers in groups according to their areas of expertise, such as placing all accountants in the accounting or revenue department. A divisional organisation organises them into different product or service lines, much as having a marketing division for every single good.
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Which type of content is most likely to be used for event activation, contest activation or live event activation?
The most likely uses of hero content are for live events, contests, and event activation. So, the correct answer is option D. Hero content.
The goal of hero content is to expose as many people as possible to the brand and its major brand activity by making a big splash and appealing to a broad audience. Because big ideas take time and money to develop, it can be costly and time-consuming to produce, which explains why it doesn't happen often. Major commercials, contests, immersive activities, and viral content are examples of common types of hero content.
Volvo provided one of the most well-known instances in 2013. In an eye-catching commercial titled The Epic Split, the car business capitalized on the ironic and nostalgic affection for Jean-Claude Van Damme by having the actor perform the splits between two Volvo trucks.
The question is Incomplete, Complete question is:
Which type of content is most likely to be used for live event activation, event activation, or contest activation?
a. Hygiene content.
b. Hub content.
c. Evergreen content.
d. Hero content.
e. None of these.
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Which of the following keys should pressed to turn on the command which capitalizes letters?
The shift key should be pressed to turn on the command which capitalizes letters.
On computer keyboards, instead of typewriter keyboards, the shift key can have many extra uses: it's miles on occasion used to alter the function keys. Contemporary Microsoft windows keyboards typically have simplest 12 function keys; Shift+F1 must be used to type F13, Shift+F2 for F14, and so forth.
Pressing the 'shift' key permits you to kind capital letters and the symbols on the top of the keys. The 'shift' keys are on the left and proper of the keyboard, with the arrow pointing upwards. For capital letters, hold down the 'shift' key and keep and kind the letter.
Exact organization to paintings for in case you want flexibility in making your very own schedule. There is additionally lots of facilities to pick out from to paintings at
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a company declared a cash dividend on its common stock on december 15, year 1, payable on january 12, year 2. how would this dividend affect stockholders' equity on the following dates?
The dividend affect stockholders' equity for dates are :
December 15, Yr 1: Decrease.
December 31, Yr 1: No Effect.
January 12, Yr 2: No Effect.
Briefing :When cash dividends are issued, the shareholders incur a responsibility since the dividends must be paid after they are declared. Retained profits must be debited at the declaration date, resulting in a drop in retained earnings. Because obligations are grown without commensurate increases in assets, the impact is a loss in total equity (assets - liabilities).
There is no entry at the balance sheet date, and there is no effect on equity. When the cash dividends are paid, the dividends payable account is debited and the cash account is credited. As a result, equity is unaffected at the payment date.
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an owner of a company withdrew $1,000 of his original cash investment. this transaction would (debit/credit) the cash account, and (debit/credit) the drawing account.
A business owner took $1,000 of his initial financial investment out. The cash account would be credited and the drawing account would be debited in this transaction.
What do credit and debit accounts mean?Business transactions are actions that have a monetary effect on an organization's financial statements. We keep track of these transactions by recording the numbers in two accounts, with the credit column on the right and the debit column on the left.
A debit is a financial transaction that either adds to an asset or cost account or subtracts from a debt or equity account. In an accounting entry, it is put in the left-hand column. A credit is an accounting entry that either raises or lowers an asset or expense account, depending on the account type. When used in an accounting entry, it is to the right.
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Success at delivering customer value rests on how well a company's entire supply chain performs against competitors' supply chains. true false
Success at delivering customer value rests on how well a company's entire supply chain performs against competitors' supply chains. The given statement is true.
What is Customer Value?The notion of what a product or service is worth to a consumer in comparison to potential alternatives is known as customer value. Value refers to whether the client feels they received more value than what was charged.
There may be two components to customer value, according to another definition. Both desired value and perceived value are included in these two factors. What the consumer wants to get out of a product or service is referred to as desired customer value. The benefit that a buyer perceives they actually obtained after purchasing a good or service is known as perceived value.
Consumers frequently evaluate the perceived worth of comparable goods and services when making selections about which ones to purchase.
Then, out of all the options on the market, they choose the ones with the highest client lifetime value. No two consumers will assign the same value to the same good or service because everyone has a different set of requirements, wants, and resources.
The highest consumer value does not always equate to the highest quality goods or services. Consumers weigh the advantages against the price being supplied. While some people are prepared to pay more for high-quality products, others could believe that the cost is not justified given the same benefits.
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through careful monitoring of the financial budget of a firm, managers can detect potential problems in reaching their financial goals and take actions to reverse the problem. this is an example of the management function of .
It is an illustration of the managing function of controlling.
What is the management role of controlling?In all organisational levels, including managers and subordinates, controlling is a management role that helps to get the desired results from people. The managing role assists in monitoring progress toward company goals, spots discrepancies, and recommends required corrective action.
The management of a company that sells motorcycles on credit exemplifies controlling in management. Setting performance standards for employees is the first stage in the management's regulatory duty's four-step process. info on performance trackingControlling's most important responsibility is comparing actual results with expectations. Managers can then have a better understanding of their strengths and opportunities for development. Managers can maximise resource usage and prevent resource waste.Learn more about Control management function here:
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Paloma’s firm is beginning operations in a foreign host country that requires at least 5% of managerial roles to be filled by workers from the host country. When paloma hires 50% of managers from the host country, she is fulfilling the "make a profit" practice of corporate social responsibility. True or false?.
Paloma’s firm is beginning operations in a foreign host country that requires at least 5% of managerial roles to be filled by workers from the host country. When Paloma hires 50% of managers from the host country, she is fulfilling the "make a profit" practice of corporate social responsibility is a true statement.
What is corporate social responsibility?
Corporate social responsibility is also called as CSR. It is the concept where a a business has the responsibility to do right and good.
Corporate social responsibility means that a company should engage in self-regulating its actions and also be socially accountable to all of its stakeholders and customers.
Embracing Corporate social responsibility will increase customer loyalty and retention and also improves employee engagement, brand imaging.
It will also attract top talent and investment opportunities which can create a difference for all the bottom-line financials.
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The journal entry to record bad debt expense is made during the year in which it is determined that a particular receivable is uncollectible, regardless of the year of sale. True or false?.
The journal entry to record bad debt expense is made during the year in which it is determined that a particular receivable is uncollectible, regardless of the year of sale : FALSE Bad debt expense is recorded during the year of the sale, not during the year the receivable is determined to be uncollectible.
A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit.
A journal entry is a record of the business transactions in the accounting books of a business. A properly documented journal entry consists of the exact date, the amount to be debited and credited, a description of the transaction, and a unique reference number. An example of a journal entry is the purchase of a machine in a country where a machine account is debited and a money account is credited.
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a year ago parker reached his retirement and left the business to pursue other interests. he is now spending lots of time playing golf and visiting his grandchildren. for purposes of employment he is considered:
Parker retired a year ago and left the company to pursue other interests. He is currently seeing his grandchildren and playing golf a lot. He is regarded as follows for employment purposes: Out of the labor force.
A retired individual is seen as no longer being employed.
How to Spend Your Retirement
The retirement years are up to you. It could be a comfort to realize that there are many possibilities available if you're sitting and considering what to do when you're bored and retired. For information on what to do in retirement, see the sites listed below.
What Are a Few of the First Actions You Should Take After Retiring?
It's crucial to keep in mind that people frequently experience a sense of loss in the initial days and weeks after retiring. It's upsetting to abruptly cease doing something after working for years. However, one of the best things about retirement is that you can now do all the things you've wanted to accomplish but haven't had time for. We have some suggestions on things to do when you first retire below:
Move to a New Location:
Have you ever desired a rural lifestyle? or in a large city? Maybe your employment required you to remain in a specific location, but now that those requirements are gone, feel free to relocate wherever! Decide where you want to spend your retirement right now.
Explore the World: One of the most popular retirement aspirations is to travel the globe. There's a good chance that you've always wanted to go somewhere. So go ahead and do it now!
Obtain a Satisfying Part-Time Job:
It's possible to find a fulfilling part-time job if you miss the regularity of working. You may consider working as a greeter in a to this and choose the most effective way to make ends meet.
Everyone wishes they could exercise more frequently. You now have the opportunity to accomplish it. You have two options: enrol in classes or try creating your own at-home training regimen. In either case, it's strongly advised to start an exercise regimen as soon as you retire. shop or a museum, for example.
Allocate Time for Yourself to Get Used to a Fixed Income:
Living on a fixed income in retirement is a significant adjustment. You must allow yourself enough time to acclimate.
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over the past two years, blue hamster manufacturing inc. has relied more on the use of short-term debt than on long-term debt financing. this statement is false , because: blue hamster’s total notes payable increased by $137 million, while its common stock account increased by $4,265 million blue hamster’s total current liabilities decreased by $547 million, while its long-term debt account decreased by $1,640 million blue hamster’s total current liabilities increased by $547 million, while its use of long-term debt increased by $1,640 million
Over the past two years, Blue Hamster Manufacturing Inc. Relying on short-term debt rather than long-term debt: False.
A: This statement is inaccurate because the total short-term debt of 4,444 blue hamsters increased by $312 million, while the use of long-term debt increased by $938 million.
Manufacturing is the production of products by hand or by machine and then sold by businesses to customers. Items used in crafting may be raw materials or components of larger products. Production is usually carried out on large production lines using machines and skilled workers. There are three types of production processes. MTS(Make to Stock), MTO(Make to Order), MTA(Make to Order).
The main goal of the production process is to produce as many products as possible inexpensively. Manufacturers can only achieve this goal by relying on heavily automated heavy equipment.
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If the government imposes an effective price ceiling in a market, what will be the result?.
If the government imposes an effective price ceiling in a market, the result will be excess demand or shortages .
What is meant by price ceiling?The term price ceiling has to do with the maximum amount that is in the market that a person would be able to charge for the product that they are selling and the services they are rendering to others. This is usually set by the government of a particular economy.
Hence we can say that If the government imposes an effective price ceiling in a market, the result will be excess demand or shortages .
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Social security tax that is 6.2% of her gross pay medicare tax that is 1.45% of her gross pay state tax that is 21% of her federal tax determine how marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4. a. her net pay will increase by $15.00. b. her net pay will decrease by $15.00. c. her net pay will increase by $18.15. d. her net pay will decrease by $18.15. please select the best answer from the choices provided a b c d
Social security tax that is 6.2% of her gross pay. Medicare tax that is 1.45% of her gross pay state tax that is 21% of her federal tax. Net pay will be affected if she increases her federal withholding allowances from 3 to 4 as her net pay will decrease by $18.15
Hence, option d is correct.
What do you mean by tax?
Taxes are compulsory contributions collected from individuals or corporations by a governmental entity - whether local, regional or national. Tax revenue funds government activities, including public works and services such as roads and schools, or programs such as Social Security and Medicare.In economics, taxes fall on whoever pays the tax burden, whether that is the entity being taxed, such as a business, or the ultimate consumers of the business's goods. From an accounting standpoint, there are various taxes to consider, including payroll taxes, federal and state income taxes, and sales taxes.To learn more about tax, refer to:
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You are thinking about buying a bond that offers an annual coupon rate of 6%, with exactly 8 years remaining to maturity. The face value of the bond is $1,000. Your required return is 5% per year. How much should you be willing to pay for this bond?.
The annual income an investor might anticipate while owning a specific bond is known as the coupon rate.
The calculation is done by dividing the total of the annual coupon payments by the par value, and it is established at the time the bond is issued. A bond's yield to maturity and coupon rate are equal at the time of purchase.
1064.6321
How do I determine the yield to maturity?
Yield to Maturity is calculated as [Annual Interest + (FV-Price)/Maturity]. (FV + Price)/2
Annual Interest is equal to the bond's yearly interest payment.
FV is the bond's face value.
Price = The Bond's Current Market Price.
Maturity equals Time to Maturity, or the number of years before the bond's maturity.
Will I Still Get $100/Year if I Buy a Bond for $1,000 with a 10% Coupon, No Matter What the Yield Is?
The beauty of a fixed-income asset is that, providing the bond or debt instrument is held until maturity, the investor can anticipate receiving a particular amount of cash (and its issuer does not default). The majority of bonds pay interest semi-annually, which results in two payments each year for bondholders.
The majority of bonds pay interest semi-annually, which results in two payments each year for bondholders. As a result, over the next ten years, you would collect $50 (5% x $1,000) twice a year on a bond with a $1,000 face value and a 10% semi-annual coupon. Bonds pay out simple interest (i.e., without compounding), therefore the holder of such a bond could anticipate receiving $1,000 in interest in total as well as the return of the bond's original $1,000 principle when it matures.
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At year-end, a trial balance showed total credits exceeding total debits by $5,000. this difference could have been caused by?
If at year-end, the trial balance shows total credits exceeding total debits by $5,000, the difference could have been caused by b) The balance of $5,800 in the Office Equipment account being entered on the trial balance as a debit of $800.
What leads to an uneven trial balance?An uneven trial balance can result most likely from balances on either the credit or debit sides being overstated or understated.
If the total credits exceed the total debits, then it means that there was a debit entry that was either understated, or a credit entry was overstated.
In this case, the debit was understated because the office equipment was not recorded at its proper amount and there was a difference of $5,000.
Options for this question include:
a) An error in the general journal where a $5,000 increase in Accounts Receivable was recorded as an increase in Cash.b) The balance of $5,800 in the Office Equipment account being entered on the trial balance as a debit of $800.c) The balance of $52,000 in Accounts Payable being entered in the trial balance as $5,000d) An error in the general journal where a $5,000 increase in Accounts Payable was recorded as a decrease in Accounts Payable.e) A net income of $5,000Find out more on an unbalanced trial balance at https://brainly.com/question/25671660
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An increase in prices of inputs will cause a ______ change in prices with an elastic demand as opposed to an inelastic demand. The change in input prices will cause a ___change in quantity if demand is elastic as opposed to an inelastic demand.
An increase in prices of inputs will cause a relatively small increase change in prices with an elastic demand as opposed to an inelastic demand. The change in input prices will cause a relatively small drop change in quantity if demand is elastic as opposed to an inelastic demand.
Price is one of the five determinants of demand, but it does not affect demand for all goods and services equally. When price greatly influences demand, the good or service is said to have "elasticity of demand".
The name comes from the way economists think about the demand for that good or service — the name is easy to expand, and a small change in price results in a large change in demand.
The essence of marketing is predicting how consumers will respond to various forms of stimulus. How much will consumers increase using the product if we endorse a influencer to support the product? While businesses can never be 100% sure of how consumers react, the goal of every marketing and product team is to increase conversions, usage, and positive brand views.
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When ilana was considering different brands of pocketbooks to buy, she could think of only three she would actually consider purchasing. These three brands make up her ________ set.
When Ilana was considering different brands of pocketbooks to buy, she could think of only three she would actually consider purchasing. These three brands make up her evoked set.
We can simply describe an evoked set as the brands that we rely on for a specific product. Whenever there is a need to purchase a specific product, we think of this evoked set either because we trust these brands or they are trusted by maximum consumers in the market.
An evoked set of brands can contain brands from which a product was bought from us before or it might be that we are relying on these brands because other consumers trust it.
When thinking of Ilana, three brands came to her mind which shows that these three brands are the evoked set for Ilana when buying pocketbooks.
To learn more about evoked sets, click here:
https://brainly.com/question/8201237
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