The two conditions must hold for the competitive market to supply efficient outcomes are Supply curves must reflect all costs of production, and demand curves must reflect consumers' full willingness to pay.
Supply curves must reflect all costs of production, and demand curves must reflect consumers' full willingness to pay. Consumer surplus: is that the difference between the utmost prices consumers are willing to pay money for a product and therefore the lower equilibrium price. Consumer surplus is an economic measurement of consumer benefits resulting from market competition. A consumer surplus happens when the value that buyers obtain a product or service is a smaller amount than the worth they're willing to pay. It is a measure of the extra benefit that buyers receive because they're paying less for something than what they were willing to pay.
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The department of justice charged almost 50 people with a scheme to defraud the government for $250 million meant to go to __________________________________.
The Department of Justice charged almost 50 people with a scheme to defraud the government for $250 million meant to go to Child Nutrition Program
50 Defendants have been charged with federal crimes in connection with the $250 million Feeding Our Future fraud scheme, which involved the Minnesota nonprofit Feeding Our Future and over 200 meal sites. the nation's largest COVID-19 fraud scheme was carried out
Attorney General Merrick B. Garland stated, "These indictments, alleging the biggest pandemic relief fraud scheme filed to date, highlight the Department of Justice's continuing commitment to combatting pandemic fraud and holding those responsible for it accountable."
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An increase in the perceived riskiness of investments would cause a movement up along the supply curve. True or false?.
An increase in the perceived riskiness of investments would cause a movement up along the supply curve false.
The supply curve in economics is a visual representation of the connection between the cost of an item and the quantity that a seller is willing and able to produce. The vertical axis of the graph reflects product pricing, while the horizontal axis represents supply quantity.
The supply curve shows how the cost of a good or service relates to how much is provided over a certain length of time. In a typical situation, the price will be displayed on the left vertical axis and the quantity delivered will be displayed on the horizontal axis.
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despite their differences, with which proposition are two economists chosen at random most likely to agree? minimum wage laws do more to harm low-skilled workers than help them. tariffs and import quotas generally reduce economic welfare. lawyers make up an excessive percentage of elected officials.
Tariffs and import quotas generally reduce economic welfare proposition are two economists chosen at random most likely to agree.
What's profitable weal?Welfare economics is a branch of economics that uses microeconomic ways to estimate well- being( weal) at the total( frugality-wide) position.Trying to apply the principles of weal economics gives rise to the field of public economics, the study of how government might intermediate to ameliorate social weal.What's the profitable weal of a society?Profitable weal is profitable good expressed in terms of the sum of consumer and patron fat – also known as community fat. Consumer fat exists whenever the price a consumer would be willing to pay in terms of their anticipated private benefit is lesser than they actually pay.Learn more about economic welfare here:
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The absorption cost approach provides for the absorption of all manufacturing costs, fixed and variable, into units of product. True or false?.
The absorption cost approach provides for the absorption of all manufacturing costs, fixed and variable, into units of product is a true statement.
What is absorption cost approach?
Absorption costing or absorption cost approach is often called as “full costing.
It is a method of managerial accounting for capturing all costs which are associated with manufacturing of a particular product.
The "direct" and "indirect" costs, such as insurance,direct labor,direct materials, rent etc are accounted for using this method.
Absorption costing is required by GAAP or Generally Accepted Accounting Principles for external reporting.
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Workplace situation
You must inform a customer that the size of shirt she needs is out of stock until next week.
Instead of Saying...
"We don't have the shirt in your size."
Try Saying…
Currently we have a limited stock left due to high demands and the shipments are delayed so the size you require in this shirt will be available in the next week.
Who is a Customer?A customer is a buyer of the goods and or services provided or sold by a company. The company sells its goods and or services at a rate to the customer where the customer agrees the price and buy the product.
In the workplace situation it is important to be polite, gentle and straight forward to the customer. As the customer is king and should be treated well.
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what is the best definition of the business environment? the rivals for a business's customers or resources the increasing interconnectedness of economies around the world the arena of forces that encourage or discourage the development of business
The arena of forces that encourage or discourage the development of businessis the best example of business environment.
The word "business environment" refers to the totality of all people, organizations, and other forces that are outside the power of an industry but can influence production. Understanding the business environment helps organizations create realistic plans and implement them effectively. It also helps businesses identify opportunities and threats. This business segment operates in three business environments: micro, market and macro. The owners of this sector have some control over the three business environments. A thorough examination of your business environment will ensure you have useful resources your business needs. It helps businesses track these resources and turn them into goods and services. The word "business environment" refers to the totality of all people, organizations, and other forces that are outside the power of an industry but can influence production. Understanding the business environment helps organizations create realistic plans and implement them effectively. It also helps businesses identify opportunities and threats. This business segment operates in three business environments: micro, market and macro. The owners of this sector have some control over the three business environments.
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a beer manufacturer noticed that the cost of hops increased four times in the last year. a description of this would be found in the blank section of the swot analysis.
A beer manufacturer has noticed that the cost of hops has increased four times in the last year. A description of this would be found in the threats section of the SWOT analysis.
What is SWOT analysis?SWOT analysis is a technique used in strategic planning and strategic management to help a person or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning. Situational analysis or situational assessment are two other names for it.
A SWOT analysis is a framework for determining and evaluating an organization's strengths, weaknesses, opportunities, and threats. The acronym SWOT is made up of these words. The main objective of a SWOT analysis is to raise awareness of the elements that influence business decisions or the formulation of business strategies.
It is a tool for recording your company's internal strengths (S) and weaknesses (W), as well as external opportunities (O) and threats (T). In order to help you reach your objectives, you can use this information in your business planning.
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abc automobiles include remote self-parking assist. this autonomous system allows cars to park themselves even when the owner is not inside the car. this service differentiates abc from other automobile manufacturers that do not offer this feature. this is an example of a(n)
abc automobiles include remote self-parking assist. this autonomous system allows cars to park themselves even when the owner is not inside the car. this service differentiates abc from other automobile manufacturers that do not offer this feature. this is an example of a(n) order winner
How do products succeed in the marketplace and get sales?Price, delivery dependability, delivery speed, quality conformance, demand growth, product range, design, distribution, design leadership, being an existing supplier, marketing and sales, brand name, technical liaison and support, and after-sales support are among the 14 characteristics of order-winners and qualifiers.
Product dependability and quality were order qualifying factors at Walmart. They provided high-quality goods and services that were always in stock, making them dependable. Walmart, however, provided inexpensive goods as order winners in order to acquire a competitive edge.
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The direct materials required to manufacture each unit of product are listed on a ________. multiple choice
a. bill of materials
b. materials requisition
c. materials ticket
d. job order cost sheet
Answer: A
Explanation:
In reconciling the balance of cash in the bank account with the balance of cash per the company’s records, differences in the two balances are due to either timing differences or errors. True or false?.
It is True that in reconciling the balance of cash in the bank account with the balance of cash per the company’s records, differences in the two balances are due to either timing differences or errors .
How can the accidental errors are made in accounting Company 's record ?
In accounting, there are numerous distinct kinds of mistakes. Most unintended mistakes in accounting occur when journal entries are being recorded.
Small accounting mistakes might not have an impact on the financial statements' final numbers. Or they might seriously skew the total numbers. Finding and fixing this kind of issue takes a lot of time and effort.
Every small business should be aware of the most frequent types of accounting problems so that it will be simpler to identify and repair them because they can interrupt your operation.
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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.
The lowest price at which a company may sell a product while still making a profit is determined by the input prices. The cost of making the product is reflected in this pricing. To create an output while producing an item or service that is in demand, a process must be applied to the inputs. The prices of the things that a company pays for in order to make its goods are referred to as input prices. All costs involved in producing the in-demand product are added together to get the total input cost. The input price is calculated by dividing the output quantity by the unit price.
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What ancient people used hieroglyphics to record important economic, administrative, and royal information? question 8 options: egyptians sumerians israelites persians
The ancient people used hieroglyphics to record important economic, administrative, and royal information is Egyptians.
Egyptian Hieroglyphics was the formal writing system used to write the Egyptian language in ancient Egypt. Hieroglyphs are about 1,000 different characters that combine elements of logos, syllables, and the alphabet. Italic hieroglyphs were used in religious literature on papyrus and wood.
The word hieroglyph literally means sacred carving. The Egyptians initially used hieroglyphs only for inscriptions carved or painted on the walls of temples. This form of the paintbrush was also used on tombs, papyrus sheets, stucco-covered wooden boards, pottery fragments, and limestone fragments.
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Explain scarcity, oppotunity cost and trade offs
Answer:
Scarcity as an economic concept "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good." the opportunity cost of a particular activity is the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity. More simply, it means if you chose one activity you are giving up the opportunity to do a different option.trade-off is a situational decision that involves diminishing or losing one quality, quantity, or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases, and another must decrease.Explanation:
assume that kubin company produced 17,000 units and expects to sell 16,740 of them. if a new customer unexpectedly emerges and expresses interest in buying the 260 extra units that have been produced by the company and that would otherwise remain unsold, what is the incremental manufacturing cost per unit incurred to sell these units to the customer?
Calculate the cost difference between producing one unit and the cost of producing two of them:
Direct materials $1976
Direct labour $1196
Variable manufacturing overhead $546
Fixed manufacturing overhead $1456
Total cost for 260 units $5174
Incremental cost per unit $19.9
The incremental cost is the total cost of producing additional units of the product. Incremental costs are calculated by adding additional costs associated with the production process such as B. Raw materials are analyzed for additional production units.
Incremental costs are additional costs incurred when a firm produces additional units of production. Additional costs include related costs that change only in accordance with the decision to produce additional units. The total amount of goods produced must be within the same period in which the costs were incurred.
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Debts owed by a business are referred to as? a.expenses b.stockholders' equity c.accounts receivables and.liabilities
Debts owed by a business are referred to as accounts receivables. Hence, Option C is correct.
What are Debts?In economics or in the context of business, debt is an amount of money that is owned by somebody. It is the opposite of a creditor. The one who gives the money to someone is the creditor, and the one who borrows the money is the debtor.
In other terms, it can be described as debt, which is a kind of financial liability or obligation. This is the kind of application where the person can be an adaptor to the creditor.
In terms of debt, it is the thing that is owned by a business and is referred to somewhere in the accounts receivable.
Therefore, Option C is correct.
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How can Joseph’s increased debt affect the rest of his life?
if you are to choose among the modern theory in management,what particular theory or combination of theories will you apply as a student
The Systems approach is the contemporary theory that I would employ as a student:
Quantitative, contingent, and systems approaches make up the three main categories of contemporary management theory. These strategies aid in achieving business goals and inspiring staff members.By establishing goals that would result in the accomplishment of organizational objectives, the systems approach is pursued. As a result, it can also be used in a student's life. One can create goals using this strategy and work hard to achieve them.It helps one become more self-assured and motivated to succeed. We can split the ultimate objective by defining goals in the same way that it is done in an organization by breaking the objective down into many components.For instance, if I want to hold a rank, I must study and give each subject the same amount of priority. I can split up my entire day to study several subjects for this. I can learn all the subjects and do well if I do it this way.
Consider scientific management, also referred to as Taylorism, which is likely the most well-established management theory ever. It implies that a manager's responsibility is to boost a production system's efficiency.
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Qt incorporated uses the accrual basis of accounting. Qt purchases a piece of equipment on july 1 of the current year for $40,000. If the company expects to use the equipment consistently for four years, how much depreciation expense will qt record in its december 31 financial statements?.
$5,000 depreciation expense will qt record in its december 31 financial statements
Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes. Financial statements are official records of a person, business, or other entity's financial situation and actions. An easy-to-understand format is used to provide pertinent financial data in a systematic manner. For large firms, these statements could be complicated and contain a substantial number of management discussion and analysis notes as well as the financial statements' extensive footnotes. Each line item on the balance sheet, income statement, and cash flow statement is often further explained in the notes.
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A type of bond that allows the bond issuer to retain the privilege of redeeming it at a pre-specified price at some time prior to its normal maturity date.
Answer: Callable Bond
Explanation:
Within the written agreement between the issuer and creditor, known as the indenture there are terms that lay out important provisions such as basic terms, repayment arrangements, protective covenants, and call provisions. The call provision allows the issuer the right to repurchase or "call" part or the entire bond issue at a stated price over a specific time period.
An example of a country in which perceived organizational support is not as important because of high power-distance would be ________.
Example of a country in which perceived organizational support is not as important because of high power-distance would be China.
Human rights were violated by China
Coercive population control techniques, forced labour, arbitrary incarceration in internment camps, torture, physical and sexual assault, mass surveillance, family dissolution, and suppression of cultural and religious expression are only a few examples of human rights violations that have been documented.
China said on Monday that it would end its two-child policy, which had failed to increase the nation's dropping birthrates and prevent a demographic disaster, and allow all married couples to have three children.
Abortion is permitted in China?
In China, abortion is largely available and legal. Abortions that are not medically necessary after 14 weeks of pregnancy are not permitted in Jiangxi, but elective abortions are permitted in the majority of China. Regulations differ depending on the laws of the province.
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In choosing among alternatives to qualify a solution, a person is focusing on ______ if he or she considers such things as ethical implications, personal values, profits, and/or company reputation
In choosing among alternatives to qualify a solution, a person is focusing on selection criteria if he or she considers such things as ethical implications, personal values, profits, and/or company reputation.
The selection criteria are the essential education, preparation, skills, and experience that a candidate must possess in order to do a job successfully. They also include personal qualities, knowledge, and talents. To be considered for a post, you must satisfy the requirements like personal values. Key selection criteria may be found in every Position Description and include the abilities, personal values, characteristics, know-how, and credentials that the employer has identified as necessary to fulfill the job's needs. Selection criteria come in many different forms, including text, path, relation, metric value, and normal criteria.
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If workers in china and india become as productive as u. S. Workers, what adjustments will allow the united states to regain its competitiveness?.
Competitiveness is the characteristic or ability of an organization to achieve its mission more successfully than the offerings of competing organizations.
Beyond parties, governments, and ideologies, if there is a truism in the US foreign policy community, it is that in order for America to be strong abroad, it must be strong at home. Hawks and pigeons, isolationists, and neoconservatives agree that a key pillar of US power lies in the middle class. Its dynamism, productivity, political and economic participation, and, most importantly, an attractive promise of progress and opportunities for the rest of the population. world world.
Yet, after her 30 years of US dominance on the world stage, the US middle class is in turmoil. The economic challenges posed by globalization, technological change, financial imbalances, and fiscal pressures are largely unresolved. And that was before the coronavirus plunged the country into its worst economic crisis since the Great Depression, exposing deep injustices in American society, boiling over long-running escalating tensions over racial injustice, and pushing the U.S. caused the level of social unrest that the It hasn't been seen since the height of the civil rights movement.
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In 2018, country a exported $84.9 billion and imported products valued at $74.69 billion. the difference between the dollar value of its exports and imports represents a:__________
The difference between the dollar value of its exports and imports represents a trade surplus.
What is a trade surplus?
A trade surplus is when the dollar value of the goods exported is greater than the dollar value of the goods exported. When the value of export is greater than the value of import, the next export value is positive.
Surplus = export - import
$84.9 - 74.69 = $10.21 billion
Export comprises of goods and services produced in the US that are been sold to foreign countries. Import comprises of foreign produced goods and services that are been sold in the US
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List and compare the four components of the expenditure approach to calculating GDP
There are four foremost mixture costs that go into calculating GDP: consumption through families, investment by means of businesses, authorities spending on goods and services, and internet exports, which might be equal to exports minus imports of products and services.
The 4 additives of GDP are intake (spending by using households), funding (spending by using groups), authorities spending, and net exports (total exports minus general imports).
Economists divide the spending on an economic system's goods and services into 4 components: consumption, funding, authorities Purchases, and internet Exports.
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green caterpillar garden supplies inc. just reported earnings after tax (also called net income) of $9,250,000 and a current stock price of $12.00 per share. the company is forecasting an increase of 25% for its after-tax income next year, but it also expects it will have to issue 3,000,000 new shares of stock (raising its shares outstanding from 5,500,000 to 8,500,000).
If Green Caterpillar’s forecast turns out to be correct and its price/earnings (P/E) ratio does not change, the company’s management expect its stock price to be one year from now will be $9.71
The computation of stock price is shown below:-
Current EPS = Net Income ÷ Number of Common Shares Outstanding
Current EPS = $9,250,000 ÷ 5,500,000 = $1.68
Current P/E ratio = Current stock price ÷ Current EPS
Current P/E ratio = $12 ÷ $1.68 = 7.14
Next year's EPS = $9,250,000 × 1.25 ÷ 8,500,000 = $1.36
Next year's stock price = $ 1.36 x 7.14 = $9.71
Net income refers to the income of an individual or business after deducting expenses, allowances and taxes. In commerce, net income is what is left in the business after all expenses such as salaries and wages, cost of goods and raw materials, and taxes.
Is Net income the Same as Profit?
Profit simply means the remaining income minus expenses. It exists at multiple levels, depending on the type of cost that is deducted from the revenue. Net income, also known as net profit, is a single number that represents a particular type of profit. Net income is the famous last line of financial statements.
Is the net income before tax or after tax?
Gross and net are two important terms in the financial industry that refer to before and after paying a particular expense. In general, the “difference” refers to the amount after deducting expenses. Therefore, net income after tax is simply the amount remaining after deducting taxes.
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Awards, news releases, and promotions are just some of the ways that organizations reward employee contributions. such employee recognition is known as a rite of?
Awards, news releases, and promotions are just some of the ways that organizations reward employee contributions. Such employee recognition is known as a rite of enhancement.
The rite of enhancement refers to the practice of recognizing and rewarding the contributions of employees. These may be in the form of awards, new releases, or promotions. They are bestowed on employees who performed exceptionally well or who exemplified the values of the organization.
This is a way of recognizing out a ‘model’ employee that the other employees can emulate. It is a strategy to encourage consistent performance from the achiever, and also to motivate the others to perform in a like manner.
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What are two examples of how Josie, a business owner, can help support her community and their local events?
A. Through volunteerism and sponsorship
B. Through online reviews and creativity
C. Through free marketing and word-of-mouth
D. Through managing expectations and conflict resolution
Two examples of how Josie, a business owner, can help support her community and their local events are A) Through volunteerism and sponsorship.
What are volunteerism and sponsorship?Volunteerism and sponsorship are two examples of how a business owner can support their community and local events.
Volunteerism can take any of the following forms:
Actively seeking volunteer opportunities in the communityParticipation in community projects, like reforestation and cleaning up beachesCommitting to providing assistance and sustaining the commitments.The benefits that accrue from volunteerism include:
Making a differenceMeeting peopleBeing part of a communityLearning new skillsGaining self-confidenceTaking on different challenges.Sponsorship involves providing support, physical, moral, financial, and otherwise, to ensure the successful completion of the projects of a community or organization.
Thus, two examples of how Josie, a business owner, can help support her community and their local events are A) Through volunteerism and sponsorship.
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what types of success metrics, kpis, kris, benchmarks, end-state goals, or enterprise level analytics platform features constitute as potential high priority factors when determining which platform to purchase and integrate?
Besides, the 4 KPIs that constantly come out of these workshops are:
purchaser delight, internal system extremely good, worker pleasure, and financial overall performance Index.
KPIs or Key overall performance signs are the metrics with the aid of the use of which you gauge enterprise-crucial initiatives, targets, or dreams. The operative word in the phrase is “key,” which means they have particular or massive meanings. KPIs act as measurable benchmarks in the direction of described goals.
Key universal performance indicators, or KPIs, are a pertinent part of measuring the successes and failures of your business business enterprise. additionally known as a flash document or dashboard, a KPI permits business organisation owners and bosses to get an define of the way their business enterprise or character departments is acting at any given time.
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the population of maricopa county has been increasing for the past few decades. in 2016, the maricopa county population is approximately 3.817 million. if the population increases from the current population by 4.85 % over the next 5 years, what will the population be in 2021?
Population in 2016 = 3.817 million
Given that the population increases from the current population by 5.68% over the next 5 years i.e.,
In 2021 the population is 5.68% more than that of the 2016 population implies
Population in 2021
= (3.817 + 5.68*(3.817/100)) million
= (3.817 + (21.68056/100)) million
= (3.817 + 0.2168056) million
= 4.0338056 million
Therefore in 2021, the Maricopa County population is 4.0338 million
A population is a complete group of individuals, whether that group includes countries or groups of people with common characteristics. In statistics, a population is a pool of individuals from which a statistical sample is drawn for research.
The total number of people living in a particular area at a particular time is called population. The population is one of the important factors that contribute to the balance of the environment.
The population that should be The population of a given area is defined as the number of people normally residing in that area, measured on January 1st of a given year. The source is the latest census (the census is when the population is counted).
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In order to have more efficient supply chains, when the world becomes your market, what term has been used to describe how intermediaries are often critical to facilitate effective commerce?.
In order to have more efficient supply chains, when the world becomes your market, Distribution channel is used to describe how intermediaries are often critical to facilitate effective commerce.
The wisest utilization of resources to guarantee the best outcomes is referred to as the distribution channel. Therefore, if all processes are correctly optimized, businesses can operate at their peak effectiveness and thereby boost their bottom line.
But accomplishing this is difficult since it requires examining each and every step in the process and identifying flaws. Then, these flaws can be fixed and reposition to improve their effectiveness and price.
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