Equilibrium prices and quantities in the market usually guarantee distribution efficiency. Because the marginal benefit and marginal cost are the same at that point. Allocation efficiency refers to the production of the set of products most demanded by society.
Equilibrium is defined as a state of equilibrium or a stable situation in which opposing forces are in balance with each other and no change occurs. An example of equilibrium is an economy when supply and demand are equal. An example of balance is when you are calm and stable.
There are three types of equilibrium: stable, unstable, and neutral. The pictures in this module show various examples. Balance is key to creating both a balanced and efficient market. If the market is in equilibrium between price and quantity, then there is no reason for the market to move away from that point because quantity supplied and quantity demanded are in equilibrium.
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a taxi company currently has nine cabs in its fleet, and its total daily cost is $4,000. if the company added a tenth cab, its daily total cost would be $4,200, or $420 per cab. adding the tenth cab will increase the daily total revenue by $300. the company should add the tenth cab based on the economic theory.
Total Cost of 9 cars = $4000
Total Cost of 10 Cars = $4200
Marginal Cost of adding 10th car will be = 4200-4000
= $200
Similarly Marginal Revenue will increase by $300.
Since marginal revenue is greater than marginal cost.
Hence it will be profitable for the firm to add the 10th car.
What is Marginal Revenue?Marginal revenue is the increase in income that comes about from the deal of one extra unit of output. Whereas minimal income can remain steady over a certain level of yield, it takes after from the law of reducing returns and will eventually moderate down as the yield level increases.
To calculate the marginal income, a company divides the alter in its add up to income by the alter of its add up to yield amount.
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The general purpose financial statements prepared annually by a corporation would not include the:__________
The general purpose financial statements prepared annually by a corporation would not include the: Income tax return
This is further explained below.
What is an Income tax return?Generally, A tax return is a document or form that is submitted to a tax authority in order to disclose one's income, spending, and any other relevant tax information.
Taxpayers are able to determine their tax burden, plan out their tax payments, and make claims for tax refunds for amounts that were overpaid by filing tax returns.
Financial statements are written documents that represent a company's commercial operations as well as its financial performance within a certain period of time.
Audits of financial accounts are often conducted by government agencies, accounting firms, and other organizations with the objective of verifying their correctness and meeting the requirements for taxation, financing or investing.
In conclusion, The following are not included in the financial statements for general purposes that are produced yearly by a corporation: Income tax return
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1. a requested task is subject to be reported when: when it requests for an app to be tested when it asks workers to spam or harm another website when it is asking for 3 proofs when it requests for email address to be submitted
A requested task is subject to be reported when it is asking to disclose or personal information.
It is unacceptable to force employees to use their credit cards or provide information about their credit cards when they have been chosen to carry out a campaigning duty. They cannot also be requested to divulge personal information like their social security number.
One of the considerations you must make when determining whether to share details about a third party without their consent is confidentiality. When someone divulges to you truly personal information, with the assumption that it would stay confidential, they owe you a duty of confidence.
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Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of $40. If a market buy order for 100 shares comes in, at what price will it be filled?.
The price is $40.25 or less.
At what price will it be filled?Price is the sum of cash that is expected, needed, or delivered in exchange for anything.
First, the limit sell order in the book would naturally be matched against the 100-share market buy order.
As a result, B might be accurate if this market maker is the sole expert available.
But it is feasible that the price could actually be lower than 40.25 if there is another market maker or inventory from which the order could be executed.
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which was part of sumerian farming and trading? select all correct answers. lumber, stone, and gold produced in sumer could be traded for food. lumber, stone, and gold produced in sumer could be traded for food. levees held back the annual floods of the tigris and euphrates rivers. levees held back the annual floods of the tigris and euphrates rivers. surplus barley and wheat could be traded for other things.
Trading is the buying and selling of financial instruments for profit. These commodities span various assets that are assigned increasing and decreasing monetary values and can be traded in the direction they take. You may have heard of stocks, stocks, and funds.
Unlike gambling, trading has no final win or loss. Companies compete with other companies to innovate their products and provide better services, thereby increasing their stock prices. This translates into greater profits for the company's shareholders. Trading is therefore not gambling.
Trading is very difficult because there are many things to know. Some of these are the amount of misleading information out there, your own biases, the need to balance risk and reward, etc. Jul 25, 2022
Trading includes stocks, commodities, and currency pairs. , and more frequent transactions such as buying and selling other commodities. The goal is to generate returns that exceed buy-and-hold investments. Investors will be happy with 10% to 15% annual returns, while traders may be aiming for 10% monthly returns.
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Sandra retired from a large, multinational paper company last year. she receives health care benefits as well as a pension from the company. at present, sandra falls under the category of a:________
Sandra retired from a big, multinational paper business last year. she receives health care help as well as a pension from the company. at present, Sandra drops under the category of a Legacy workforce.
What type of system is used by a firm that concentrates on what it does best within selected markets?Companies using concentration strategies endeavor to concentrate on what they do best within their selected markets. A learning organization continuously monitors its environment, incorporates information, makes the decision, and flexibly restructures itself to compete in that environment.
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Why should a bill of sale for appliances the buyer would like to purchase be made an addendum to the sales contract?
A bill of sale for appliances the buyer would like to purchase be made an addendum to the sales contract for making the agreement legally enforceable. Therefore, the option A holds true.
What is the significance of sales contract?A sales contract can be referred to or considered as a contract that takes place between a buyer and a seller, where the seller agrees to supply the product in exchange for monetary returns from the buyer. A contract must be legally enforceable.
Therefore, the option A holds true and states regarding the significance of sales contract.
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The missing choices for the question have been added below for better reference.
A. Agreement to be legally enforceable
B. for the sake of buyer
C. to comply with the regulations
D. for taxation benefits
when a firm increases the number of new employees they recruit per year, but the average number of employees stays the same, then turnover has blank .
When a firm increases the number of new employees they recruit per year, but the average number of employees stays the same, then turnover has gone up.
However, a mean interview-to-hire ratio is 4:8:1; a decent ratio is 3:1. Interview to rent ratios are employees excellent measures of how well recruiting is sourcing and screening candidates. ensure your organization features a strong interview to rent ratio to make sure overall hiring efficiency.
On average, approximately 118 people apply for any given job, in keeping with a Forbes report. of these 118 applicants, only 22% are going to be invited to interview employees for the position. Therefore, for each 118 job applicants submitted, roughly 24 people will advance to the interview stage of the hiring process.
On average, a recruiter should be ready to fill/hire around four positions per month with a mean level of difficulty, or around 50 p.a.. An exceptional recruiter, or one employees functioning on mostly entry level positions, should be able to fill 60-80 each year. Based on the past performance of your recruiters, you'll determine a theoretical capacity or bandwidth for the long run.
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the probabilities that stock a will rise in price is 0.63 and that stock b will rise in price is 0.37. further, if stock b rises in price, the probability that stock a will also rise in price is 0.68.
In that design, the region that does not overlap with either "A space" or "B space" would retain the maximum amount, or 32%. Therefore, 32%, or 0.32, is the highest number for the likelihood that none of these two occurrences will occur.
Is a stock an asset?Stocks are not actual assets; they are financial assets. Paper assets that are easily convertible to cash are referred to as financial assets. Real assets have inherent worth because they are tangible.
Over the long term, stocks have the most potential for growth (capital appreciation) for investors. Investors who have chosen to hold onto equities for an extended length of time—say let's 15 years—have often been rewarded with robust, profitable returns.
Equities and stocks are the same thing.
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one has to ask oneself how you know that you've discovered something that distinguishes the successful companies from other companies? otherwise, you can fall into a trap that is the same as identifying "the management practice equivalent of having buildings" (collins & porras, 2002, p. 14).
Equivalent to the definition of “management measures consistent with building ownership”: Verbal plagiarism. Verbal plagiarism: The process of copying 7 or more consecutive words without citations, references, or page numbers is called verbatim plagiarism.
Governance is the management of organizations such as corporations, non-profit organizations, or government bodies. It is the art and science of company resource management. His four most common types of managers are super managers, middle managers, line managers, and team leaders.
Management: Management is the coordination and organization of business operations. Business managers control operations and help employees achieve peak performance. Directors can also oversee or train new employees and help the company achieve its operational and financial goals.
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the gm (general manager) is responsible for the overall success or failure of the hotel. in order to achieve that success, a successful gm will the best people.
The GM (general manager) is to blame for the general success or failure of the hotel. In order to achieve that success, a successful GM will select and train the best people.
Who is general manager?A general manager (GM) is in charge of all or some aspects of a department's or an organization's operations, including bringing in money and keeping expenditures under control. The general manager could rank among the top executives in small businesses.General managers typically have less experience and are younger than CEOs. Since the CEO is the person with the top position within a business, they frequently had a significant amount of work experience before taking the job, sometimes in the capacity of general manager.The daily operations of their company are observed by the general manager. By establishing operational budgets and policies, they achieve the strategic objectives for their division and teams. They also oversee workers to ensure that they complete their responsibilities efficiently throughout the day.Learn more about CEO here:
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Shondra reports to the management team that italy has decided to increase the tax on all manufactured textiles. As a result, the company will pay more for the fabrics it orders. Which step in the global strategic planning process will help shondra learn this information?.
The step in the global strategic planning process that will help Shondra learn this information is to Analyze external environments. Thus the correct option is C.
What is the external environment?The external environment of business refers to factors that affect the operations of the business from outside sources and are not controllable in nature.
In this case, Shondra reports that Italy has decided to increase the tax on all manufactured textiles which indicates the political or economic environment which affects the business from external sources.
Therefore, option C is appropriate.
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The complete question is
Shondra reports to the management team that Italy has decided to increase the tax on all manufactured textiles. As a result, the company will pay more for the fabrics it orders. Which step in the global strategic planning process will help Shondra learn this information?
Make tactical plans.
Define the company's mission.
Analyze external environments.
Set corporate objectives.
Suppose that when the price of good x falls from $6 to $4, the quantity demanded of good y rises from 30 units to 40 units. Using the midpoint method, the cross-price elasticity of demand is.
Let's say that the quantity of good straightforward y that is demanded increases from 30 to 40 units when the price of good x drops from $6 to $4. The demand's cross-price elasticity is -0.71
According to the midpoint approach.-0.71, X and Y complement each other.What is the price elasticity of demand in this range using a simple formula when the product price falls from $40 to $30 and the required quantity rises from 500 to 600 units?According to a simple formula straightforward , the price elasticity of demand in this range is: -0.25. What is the demand-price elasticity?The quantity requested rises from 600 to 700 units as the product's price falls from $90 to $80. This area is -1.50.
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The question was incomplete. Check below the full question
Suppose that when the price of good x falls from $6 to $4, the quantity demanded of good y rises from 30 units to 40 units. Using the midpoint method, the cross-price elasticity of demand is
a. -0.71, X and Y complements.
b. -1.40, X and Y substitutes.
c. -1.40, X and Y complements.
d. -0.70, X and Y substitutes.
under the articles of confederation there was a failed attempt to raise revenue and pressure the british by a(n) what? group of answer choices tariff income tax quitrent foreign property tax
A tariff was used under the Articles of Confederation in an unsuccessful attempt to increase revenue and exert pressure on the British.
How Do Tariffs Work?The natural resources and capacity of the majority of nations to generate specific goods and services are their main constraints. To meet the wants and expectations of their populace, they engage in commerce with other nations. However, trading partners don't always conduct business in a cordial way.
Trading partners may become dissatisfied due to policies, geopolitics, competitiveness, and many other issues. Tariffs are one tool used by governments to interact with trading partners with whom they do not agree. A tariff is a charge that one government imposes on the imports of products and services from another country in an effort to sway it, generate income, or safeguard competitive advantages.
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I need help with homework.
1. The fees paid for business license is Fixed Cost, because it is not dependent on any other factor.
What is Fixed Cost?Fixed cost is the cost that is not dependent on any other factor and is payable at all costs. The fixed cost is a fixed amount that is to be paid annually or monthly.
2. The rent for your office is a fixed cost as the rent is to be paid whether any sales is made or not.
3.The amount paid for electricity to operate production machinery is variable cost as the charges will be less if the machine is less operated that is lower production.
4.The amount paid in wages to production workers is variable cost as the wages are paid for the units produced or hours worked.
5. The amount paid for raw material is variable cost as the it depends on the quantity purchased.
6. The amount paid for computers and cell phones in the firm is fixed cost because it does not depend on the units produced.
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The financial statement that is most useful in explaining a company's stock price performance is the? income statement. balance sheet. statement of stockholders' equity.
The financial statement that is most useful in explaining a company's stock price performance is the statement of stockholders' equity. Hene, Option C is correct.
What is a financial statement?Financial statements are those kinds of statements which are prepared by any organization whose is involved in such kinds of practices in exchange for which they earn money and terms of profit.
When it comes to the types of financial statements, there are basically various kinds of financial statements from which a person can get knowledge about the financial status of a company.
When it is about the stock price performance of a company, it is because of the financial statement that helps to understand the stockholders' equity. This is a statement present in the financial statement.
Therefore, Option C is correct.
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A substitute in production is a good that is _____ another good, and a complement in production is a good that is _____ another good.
A substitute in production is a good that is produced in place of another good.
A complement in production is a good that is produced together with another good.
What is a substitute in production?
A substitute is also called as substitutable good. According to consumer theory in economics it is referred to as a product or a service that consumers view as essentially the similar-enough product to another product. In a nutshell, a substitute is a good that can be used in place of the another.
What is a compliment in production?Complements are those goods that are normally consumed together. Substitutes are those goods which are consumed in place of the other. The prices of substitute goods or complementary also shift the "demand curve".
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In the crowdsourcing and crowdfunding video case, what term related to crowdsourcing is used to describe connecting with an on-demand, scaleable workforce that can perform a broad range of tasks by companies such as the amazon mechanical turk marketplace?.
Companies like the Amazon Mechanical Turk marketplace refer to connecting with an on-demand, marketable workforce that can carry out a wide range of jobs as crowdsourcing by using the term "Amazon Mechanical Turk" (MTurk).
People and businesses can more easily outsource their processes and occupations utilizing Amazon Mechanical Turk (MTurk), a crowdsourcing marketplace, with the aid of a distributed workforce that can perform these tasks digitally. This could include anything from straightforward data verification and investigation to more sympathetic tasks like conducting surveys and content control, among others. Businesses can enhance operational processes, increase data collection and analysis, and accelerate the development of machine learning by utilizing the pooled brains, experience, and insights of a global workforce through MTurk.
Even though technology is always developing, there are still many tasks that people can complete far more quickly and effectively than computers, like content moderation, data deduplication, and research.
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The sum of current and long-term assets reported on the balance sheet is referred to as?
Total assets are the total of the short-term and long-term assets listed on the balance sheet.
A company's assets, liabilities, and equity are balanced to create a balance sheet. Total assets are equal to total liabilities plus total equity. The aggregate of all short-term, long-term, and other assets is referred to as total assets. The sum of all current, future, and other liabilities is used to compute total liabilities. Net income, retained earnings, owner contributions, and shares of issued stock are added together to determine total equity. Even though the data on a balance sheet is typically less useful than that on an income statement, a business can nevertheless utilize it to make internal decisions.
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Which declarative tool would you use for the following use case? when the annual revenue field exceeds $500,000 on an account, automatically update the customer priority field to high.
write an explanation of how the iPhone goes from a design at Apple to a retail store shelf. Include at least four steps in the process.
The journey of the iPhone from designing at apple to retail stores includes sending the design to the manufacturing unit where the materials are selected, then these material is arranged based on the design then polishing and finishing took place, and at last shipped to different countries' outlets.
What is iPhone?An iPhone is the latest smart device introduced by the organization named apple with unique features of advanced technology. This phone provides the features of a computer in the phone itself.
The journey of the iPhone from design at apple to retail store shelf includes-
Decision-making for material selectionDevelopment of Device body partsAssembly of body parts and finishing which includes glass finishingTransported to various outlets.Learn more about Apple Iphone, here:
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What does the media use to influence consumer behavior?
risk aversion
marginal analysis
rational choice
product placement
Answer: If ur asking what I think ur asking then I think the last one, product placement, is used to influence consumer behavior because if the product is placed right and looks pleasing to the consumer then they will buy it. Hope this helped : )
Product placement is a strategy commonly employed by the media to influence consumer behavior. Hence, Option (D) is correct.
Product placement involves the intentional integration of branded products or services within media content, such as movies, TV shows, or online videos.
By featuring specific products in these forms of media, advertisers aim to create brand awareness, generate positive associations, and influence consumer preferences and purchasing decisions.
The media strategically places products within the content to ensure they are seen by the audience, often in a subtle or seamless manner.
This technique leverages the power of storytelling and the influence of popular media to promote and endorse specific brands or products, ultimately impacting consumer behavior.
Through product placement, the media can effectively shape consumer perceptions, generate desire for certain products, and drive consumer choices.
Thus, Option (D) product placement is a widely used tool in advertising and marketing campaigns to influence consumer behavior and increase brand recognition and sales.
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What does the media use to influence consumer behavior?
A) risk aversion
B)marginal analysis
C)rational choice
D)product placement
This style of policing attempts to address the underlying social problems that contribute to crime by integrating research and scientific problem-solving strategies to analyze instances of crime with the goal of developing more effective response strategies.
By using research and scientific problem-solving techniques to assess crime scenes and create more effective response plans, problem-oriented policing seeks to address the underlying societal issues that contribute to crime.
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Diagnose and address issues that are raising the risk of crime in locations that are typically experiencing relatively high levels of crime (i.e., "hot spots") is problem-oriented policing (POP). POP is difficult since authorities must identify and address issues that could pertain to a variety of issues that contribute to crime.
Key elements are rather than a crime, a case, calls, or events, a problem serves as the fundamental unit of police activity, something is an issue if it affects or worries the general public as well as the police.
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Price & malone corp. , a company based in houston, caters to a market of individuals and households that buy goods and services for personal consumption. Price & malone caters to a ________ market.
Price & Malone corp. , a company based in Houston, caters to a market of individuals and households that buy goods and services for personal consumption.
Price & Malone caters to a consumer market.
What is a consumer market?
A consumer market is a market where individuals buy products or services for their own personal use, as opposed to buying for the purpose of resale. Consumer markets consist primarily of products that people use as part of their daily lives. Whenever someone buys a product for their own use, they become part of the consumer market. The market is usually divided into four different categories: food, beverage, transport and retail.To learn more about consumer market, refer to:
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In the market for natural gas, what will likely happen to current natural gas prices and output if the producers expect future prices to decrease? current supply will _________, and, as a result, current prices will _________.
In the market for natural gas if the producers expect future prices to decrease current supply will decrease, and, as a result, current prices will increase.
What is demand?In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. The relationship between price and quantity demand is also called the demand curve
What is supply?supply is the amount of a resource that firms, producers, laborers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labor time, raw materials, or any other scarce or valuable object.
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scarlett is graduating from culinary school soon and she often imagines opening her own comfort food restaurant. her other passion is skiing in colorado, where she travels to four or five times every year. as her small business advisor, you believe it necessary to provide her with information that will help her make good business decisions. what information would be helpful for scarlett to know?
Scarlett is graduating from culinary school soon and she often imagines opening her own comfort food restaurant, Restaurants are relatively easy businesses to start, but are labor intensive and also have the greatest failure rate.
Which characteristics best characterize the personality attributes of an entrepreneur?Persuasiveness is one of the 6 Personality Traits Identified by Successful Entrepreneurs. Salesmanship is at the top of the list of qualities that successful entrepreneurs must possess, according to none other than Mark Cuban, owner of the Dallas Mavericks and Shark Tank investor.
Flexibility.
Creativity.
Self-motivation.
Tenacity.
Passion.
Why is the US economy so dependent on small businesses?Two-thirds of new jobs are created by small firms, which also contribute 43.5% of the country's GDP (GDP). Small businesses not only drive innovation but also maintain a healthy economy. Per employee, small businesses issue 16 times more new patents than do major patenting companies.
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stuart handles international transactions for other firms. he buys goods on consignment and stores them until they are purchased by a buyer in the international marketplace. after the goods are purchased, stuart is also responsible for transporting the goods. stuart is acting as a(n)
Stuart manages the foreign business for other businesses. He acquires things on consignment and keeps them in storage until a buyer in the global market buys them. Stuart is also in charge of shipping the goods when they are bought. Stuart is working as an export representative.
An export representative is what?Coordination and facilitation of cargo export and import are the responsibilities of an export agent. As an export agent, you keep track of deliveries, respond to client inquiries, manage shipping logistics, and make sure your product or merchandise's paperwork is in order.
You carry out market research and trade analysis in addition to administrative tasks to boost efficiency. You might be employed by a major transportation company or by a manufacturer in a manufacturing plant. When processing orders, interacting with clients and collaborating with other departments, it's crucial that you deliver top-notch customer service.
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Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for
$7,411. What was his gross capital gain?
If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
Gross capital gainIn order to determine the gross capital gain since we were told that he purchased stock for the amount of $5,125 in which last month he sold the stock for the amount of $7,411 we have to deduct the current stock selling price form the stock purchase price by making use of this formula to determine the gross capital gain.
Gross capital gain = Current stock selling price - Stock purchase price
Where:
Current stock selling price = $7,411
Stock purchase price = $5,125
Let plug in the formula so as to find the gross capital gain
Gross capital gain = $7,411 - $5,125
Gross capital gain =$2,286
Therefore If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
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the accounts payable account of waterford, inc. has the following postings: accounts payable 16,000 28,000 9,000 14,000 calculate the ending balance of the account.
The ending balance of Waterford inc. is 17000 credit
Accounts payable is a liability of the business. This account receives credit when we purchase anything from a supplier on credit, and it receives a debit when we pay the supplier, receive a purchase allowance, or return something to the provider.
The closing balance, or balancing amount, is displayed on the ledger's debit side if the ledger's credit side is greater than its debit side, and vice versa.
Total of the credit side of the accounts payable account = 28000 + 14000 = 42000
Total of the debit side of the accounts payable account = 16000 + 9000 = 25000
Since the credit side is greater than the debit side so accounts payable will have a credit balance of = 42000 - 25000 = 17000
Hence, the final balance of Waterford inc. is 17000 credit
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Determine how the equilibrium price and equilibrium quantity in the market for coffee changes if the price of tea, a substitute for coffee, decreases, and due to better weather, the price of coffee beans also decreases.
Equilibrium price = Declines
Equilibrium amount equals uncertain
Explanation:-Since we know that substitutes have a positive cross price elasticity of demand, we will assume that tea and coffee are substitutes in this situation.
Therefore, if the price of tea lowers, less people would buy coffee, which causes the demand curve for coffee to move to the left.
Additionally, because coffee beans are a necessary component in the production of coffee, the price of coffee beans has decreased as a result of the improved weather.
As a result, the cost of producing coffee decreases, increasing supply and moving the supply curve of coffee to the right.
As a result, there is a decrease in the equilibrium price level of coffee. However, the impact of these shifts on the equilibrium quantity is uncertain because it will depend on how much each curve shifts.
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