Cynthia Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $408,000 for April and $489,600 for May. Cost of goods sold is expected to be 60% of sales. The company’s desired ending inventory is 25% of the following month’s cost of goods sold.
Compute the required purchases for April.
Answers
Therefore, the required purchases for April for Cynthia Wholesalers is $318,240.
To compute the required purchases for April, we need to determine the cost of goods sold for April, the desired ending inventory for May, and the total merchandise purchases required for April.
Here's how to calculate the required purchases for April:
Cost of goods sold for April:
Budgeted sales for April: $408,000
Cost of goods sold (60% of sales): $408,000 x 0.6 = $244,800
Desired ending inventory for May:
Cost of goods sold for May (60% of $489,600): $293,760
Desired ending inventory (25% of May's cost of goods sold): $293,760 x 0.25 = $73,440
Total merchandise purchases required for April:
Cost of goods sold for April: $244,800
Add: Desired ending inventory for May: $73,440
Total: $318,240
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Related Questions
The money supply curve _____. This shift could be caused by the Federal Open Market Committee's (FOMC's) open-market purchase of Treasury bills.
Answers
Answer:
Shifts right
Explanation:
A rightward shift in the money supply curve indicates its increase. When the FOMC purchases Treasury bills, they purchase these securities with money, thus injecting more money into the economy and increasing the money supply.
Refer to the graph. Which area indicates a surplus?
(A)
(B)
(C)
(D)
Answers
Answer:
D
Explanation:
A builder sold a new house to a buyer for use as the buyer's residence. The buyer paid 10% of the purchase price and financed the rest by executing a promissory note and purchase money mortgage to the builder. A year later, the buyer missed several mortgage payments to the builder and became unable to make payments. During that year, property values in the neighborhood declined substantially. The builder suggested that the buyer deed the house back to the builder to settle all claims and avoid the costs and other disadvantages of foreclosure. The buyer deeded the house back to the builder. Does the builder now own fee simple title to the house?
A: No, because the deed back to the builder constitutes a disguised mortgage.
B: No, because the owner of a personal residence cannot waive the right to foreclosure.
C: Yes, because of the doctrine of equitable redemption.
D: Yes, because the transaction was reasonable and fair under the circumstances.
Answers
The correct answer is A: No because the deed back to the builder constitutes a disguised mortgage. The buyer deeded the house back to the builder to settle their claims and avoid foreclosure. This transaction is commonly known as a "deed in lieu of foreclosure."
By deeding the house back to the builder, the buyer is essentially transferring the property to the builder in exchange for the settlement of their debt. This transaction allows the builder to regain possession of the property without going through the formal foreclosure process. However, it does not automatically confer a fee simple title to the builder.
The doctrine of equitable redemption (option C) refers to the right of a mortgagor to redeem their property after defaulting on mortgage payments, typically through payment of the outstanding debt and costs. However, in this case, the buyer has already deeded the property back to the builder, indicating an intention to surrender their rights to the property in exchange for settling the debt.
Option B is incorrect because it incorrectly states that the owner of a personal residence cannot waive the right to foreclosure. In certain situations, homeowners can choose to deed their property back to the lender to avoid foreclosure. However, this does not automatically transfer fee simple title to the lender.
Option D is incorrect because the reasonableness or fairness of the transaction does not automatically determine ownership rights. The transfer of fee simple title requires a legally valid and enforceable transfer of property rights, which is not the case in this scenario.
Therefore, the correct answer is A: No, because the deed back to the builder constitutes a disguised mortgage.
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Martin Company purchases $4,200 of merchandise on March 1, with credit terms of 3/10, n/30. lf Martin pays on March 9, what is the cost of this purchase?
$4,074
$3,780
$4,200
$3,864
Answers
It is essential to understand the dates and the related percentages. The credit terms of 3/10, n/30 mean that the buyer can get a discount of 3% if they pay the purchase price within ten days of the purchase date.
The total amount must be paid within 30 days of the purchase date. In this scenario, Martin Company purchased 4,200 worth of merchandise on March 1 with credit terms of 3/10, n/30.
If the company pays on March 9, it is within ten days of the purchase date and can get a 3% discount. Therefore, the cost of the purchase will be calculated as follows:
Purchase price = 4,200
Discount = 3% of 4,200 = 126
Amount to be paid = Purchase price - Discount = 4,200 - 126 = 4,074
the cost of the purchase when Martin Company pays on March 9 is 4,074.
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2 Why is the retailor referred to as a middleman in the chain of distribution?
Answers
By facilitating the movement of goods and services and establishing connections between producers and customers, retailers play a crucial role in the distribution chain.
Due to their pivotal location in the chain of distribution between the makers or producers of goods and the final consumers, retailers are frequently referred to as middlemen. They are essential in bridging the divide and facilitating the trade of goods and services between the two sides. The following justifies the retailer's status as a middleman:
1. Intermediary Role: By buying products in bulk from producers or wholesalers and selling them to final customers in smaller amounts, the retailer serves as an intermediary. They act as a connecting point in the supply chain, ensuring that goods are efficiently delivered to their intended clients.
2. Physical Distribution: Retailers are in charge of the actual product distribution. To guarantee prompt delivery to customers, they oversee logistics, inventory, and storage of the goods. This calls for activities like shipping, warehousing, and order fulfilment.
3. Market Access: Retailers give producers a platform to connect with a larger consumer base. They are able to connect products with the appropriate target market thanks to their extensive networks, market expertise, and customer relationships. Retailers frequently have a number of stores and/or an online presence, extending the geographic reach of their items.
Retailers interact directly with customers, which is important for understanding their requirements, preferences, and purchase patterns. They enhance the overall client experience by providing individualised help, product demos, and after-sales support.
5. worth Addition: Retailers increase the worth of their items through branding, packaging, price, and marketing initiatives. They distinguish items, provide a unique selling proposition, and raise consumer awareness. Retailers may also combine products, give discounts, or offer other services to draw customers.
Retailers play a crucial role in the distribution chain by easing the flow of goods and services, linking producers with consumers, and enhancing the overall customer experience, despite the fact that the term "middleman" occasionally has the connotation of being unneeded or redundant.
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mention any five methods of doing off season vegetables farming,
Answers
Answer:
the methods of doing off season vegetables farming are:-
Taking use of and utilising various agro-climatic conditionsImproved varieties are chosen.Adjustment of planting time.Making plastic tunnels, polythene houses, and permanent glass houses to provide controlled environmental conditions.As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the
most demand
highest costs
most profits
Answers
Answer: most profits
Explanation:
Elly &Frank Valdez are thinking about buying a new house and financing it
through their bank. If they get approved, what type of loan will it most likely
be?
A. Installment credit
B. Single payment loan
C. Revolving credit
D. Multipayment loan
Answers
Answer: A.) Installment Credit
Explanation: Subject to approval, the loan afforded to Elly and Frank Valdez by their bank will most likely be an installment credit. The installment credit is a type of loan which requires the loanee to repay a fixed amount which has been borrowed at a regular scheduled amount over an agreed period of time. The loan period may vary depending on the agreement and amount of initial loan, and the repayment schedule also needs to be stated as maybe monthly, bimonthly, quartely and so on.
Answer:
Installment Credit
Explanation:
AP3X
Most economies today are "mixed economies," in which there is a both a public sector and a private sector. Explain the following two justifications for government intervention in the economy: public goods and externalities. What is the relationship between the availability of public goods and private goods? In so doing, consider the production possibilities schedule.
Answers
Both public goods and private goods are for the consumer’s benefit; they differ drastically from each other. But, where public goods benefit the mass population, private products are only for those who have affordability.
Now, According to the question:
Mixed Economy definition
The economic system used by society, like a mixed economy, command economy, or market economy, has a considerable effect on resource allocation.
A mixed economy is an economic system wherein free markets and government involvement are able to coexist when it comes to resource distribution, commerce, and trade.
The relationship between the availability of public goods and private goods are:
Public goods, as the name suggests, are for the facility and welfare of the public in general for free of cost. Whereas, private products are the ones which are sold by private companies to earn profits and fulfil the needs of the buyers. This is a significant difference between these two types of goods.
However, both public goods and private goods are for the consumer’s benefit; they differ drastically from each other. But, where public goods benefit the mass population, private products are only for those who have affordability.
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Why do insurers require a minimum number of employees participate in a group insurance plan?
a. efficiency is maximized
b. minimize adverse selection
c. profits are maximized
d. claims are minimized
Answers
The correct answer is b. Insurers require a minimum number of employees to participate in a group insurance plan in order to minimize adverse selection.
Adverse selection is the tendency of those who are more likely to need insurance to be the ones who enroll, which can increase claims and costs for the insurer. By requiring a minimum participation level, insurers can spread the risk more evenly across the group, which helps to keep premiums and claims in check. This helps to ensure that the insurance plan remains sustainable and affordable for all participants. While efficiency and profits may also be factors for insurers, the primary reason for requiring a minimum participation level is to minimize adverse selection.
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When assets are purchased as a group, the total cost must be divided up and allocated to each asset in proportion to the market value of the assets as a whole.a. Trueb. False
Answers
(a) True.
When assets are purchased as a group, it is important to allocate the total cost among the individual assets based on their respective market values. This ensures that each asset's value is accurately reflected in the financial statements, allowing for better management and decision-making. The process typically involves the following steps:
1. Determine the total cost of the asset group.
2. Obtain the market values of each individual asset within the group.
3. Calculate the proportion of the total market value each asset represents by dividing its market value by the sum of all market values in the group.
4. Allocate the total cost to each asset by multiplying the calculated proportion in step 3 by the total cost.
By following these steps, you can accurately allocate the cost of a group of assets to each asset based on its market value.
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A stock has an expected return of 12 percent and a standard deviation of 20 percent. Long term Treasury bonds have an expected return of 9 percent and a standard deviation of 15 percent. Given this data which of the following statements is correct?
A. Both investments have the same diversifiable risk.
B. The stock investment has a better risk-return trade-off.
C. The bond investment has a better risk-return trade-off.
D. The two assets have the same coefficient of variation.
Answers
Answer:
D. The two assets have the same coefficient of variation.
Explanation:
the coefficient of variation = standard deviation / mean
the coefficient of variation of the stock = 20% / 12% = 1.67the coefficient of variation of the treasury bonds = 15% / 9% = 1.67As a general, the lower the coefficient of variation, the more exact is the estimated return.
A franchisee pays a sum of money to a franchisor called a _____ for the right to open a franchise.
Answers
A franchisee pays a sum of money to a franchisor called a master franchise agreement for the right to open a franchise.
Franchise royalties are usually accumulated via your franchisor on a monthly basis. Like advertising fees, those charges are based totally on a percentage of your sales. but there is one principal difference; the odds are higher.
The Federal exchange fee governs franchising felony requirements inside America. below the FTC Franchise Rule, this is referred to as the initial charge. different regular prices are royalties and advertising costs.
The franchise we buy will become an intangible asset that goes in your enterprise stability sheet and is recorded as a noncurrent asset, consistent with Reference for business. this is generally written off as a fee to your balance sheet and impacts your backside line when it comes to taxation.
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In preparing a company's statement of cash flows using the indirect method, the following information is available:Net income $ 52,000Accounts payable decreased by 18,000Accounts receivable increased by 25,000Inventories increased by 5,000Depreciation expense 30,000Net cash provided by operating activities was:
Answers
Answer:
Statement of cash flows using the indirect method
Net income $52,000
Adjustments to net income:
Depreciation expense $30,000Increase in accounts receivable ($25,000)Increase in inventories ($5,000)Decrease in accounts payable ($18,000) ($18,000)net cash flow provided by operating activities $34,000
isabel invested in a four-stock portfolio; she invested 20 percent of her money in stock a, 30 percent of her money in stock b, 25 percent of her money in stock c, and 25 percent of her money in stock d. the betas for stock a, b, c, and d are 0.4, 1.2, 2.5, and 1.75, respectively, and their expected returns are 12 percent, 24 percent, 30 percent, and 28 percent, respectively. what is the beta of isabel's portfolio? a. 1.96 b. 1.43 c. 1.50 d. 1.38 e. 1.82
Answers
To calculate the beta of Isabel's portfolio, we need to find the weighted average of the individual betas of the stocks in her portfolio. Therefore, the beta of Isabel's portfolio is 1.5025, which is closest to option C: 1.50.Total words: 146
First, let's calculate the weights of each stock:
- Stock A: 20% of her money
- Stock B: 30% of her money
- Stock C: 25% of her money
- Stock D: 25% of her money
Next, let's calculate the weighted average beta using the following formula:
Beta of Portfolio = (Weight of Stock A * Beta of Stock A) + (Weight of Stock B * Beta of Stock B) + (Weight of Stock C * Beta of Stock C) + (Weight of Stock D * Beta of Stock D)
Plugging in the given values, we have:
(0.2 * 0.4) + (0.3 * 1.2) + (0.25 * 2.5) + (0.25 * 1.75) = 0.08 + 0.36 + 0.625 + 0.4375 = 1.5025
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corporations may either sell stock directly to the stockholders or use the service of an underwriter. State True or False your answer:
a. True
b. False
Answers
The statement that a corporation may either sell stock directly or use an underwriter is a. True.
How do corporations sell stock ?Corporations are able to sell their stock to different people in the market via two main ways. The first is by selling to the public directly but this method can be quite costly and complicated for the company to implement on its own.
For this reason, corporations will often opt to use the services of an underwriter who will buy the stock from them at a discount and then sell to the public at large at a higher price.
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Answer: The answer is True
Explanation:
Wally’s world sold $24,000 of merchandise to chase liquidators on december 23rd, terms fob destination. This shipment is still in transit on december 31st, year-end for wally’s world. Will wally’s world record revenue for this transaction on its current year-end december 31st income statement?.
Answers
As per the given case, No, no revenue is recorded for items shipped FOB destination until those items reach the buyer. Thus the correct option is D.
What is an Income Statement?An income statement is a type of financial statement containing all the indirect expenses of the business that helps to determine the gross profit and gross loss of the business.
The ownership of these products doesn't change until they arrive at their destination, according to the shipping term FOB destination. Wally should wait until the transaction reaches Chevy before recording any income associated with it.
Therefore, option D is appropriate.
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The complete question is Probably
sold $24,000 of merchandise to Chase Liquidators on December 23, terms FOB destination. This shipment is still in transit on 12/31, Wally's year-end.
Will Wally record revenue for this transaction on its 12/31 income statement?
A. Half of the performance obligations have been met, as the items have shipped, so Wally can realize half of the revenue related to this transaction, or $12,000.
B. Yes, Wally has satisfied the performance obligation and can record revenue of $24,000.
C. There is not enough information to determine the amount of revenue Wally should recognize.
D. No, no revenue is recorded for items shipped FOB destination until those items reach the buyer.
Which of the following are clichés?
Answers
Answer:
2nd scentence
Explanation:
Quick as a flash
Easier said than done
First and foremost
how can i write an email about the district manager attempting to convince them to use a single line system instead of multi-line system in place
Answers
Have a good day.
Retailers use because they believe their use will induce customers to try new products, convert first-time users to regular users, increase purchases, and protect market share. cumulative quantity discounts coupons rebates seasonal discounts noncumulative quantity discounts
Answers
Retailers use cumulative quantity discounts, coupons, rebates, seasonal discounts, and noncumulative quantity discounts because they believe these strategies will have various benefits for their business.
1. Cumulative quantity discounts: These are discounts that increase based on the quantity of products purchased. Retailers use these discounts to encourage customers to buy more products. For example, if a customer buys 10 items, they might receive a 10% discount, but if they buy 20 items, they might receive a 20% discount. This encourages customers to buy in larger quantities, increasing the retailer's sales volume.
2. Coupons: Coupons are promotional tools that offer customers discounts on specific products or their total purchase. Retailers use coupons to attract customers and entice them to try new products. Coupons can also be used to reward customer loyalty. For example, a retailer might offer a coupon for 20% off a customer's next purchase, encouraging them to become a regular customer.
3. Rebates: Rebates are partial refunds given to customers after a purchase. Retailers use rebates to incentivize customers to buy their products by offering them the opportunity to save money. For example, a customer might receive a $50 rebate when purchasing a specific electronic device. This can help retailers increase sales and attract price-sensitive customers.
4. Seasonal discounts: Retailers often offer discounts during specific seasons or holidays to increase sales. Seasonal discounts can attract customers who are looking for deals and encourage them to make purchases. For instance, a retailer might offer a discount on winter clothing at the end of the season to clear inventory and prepare for new merchandise.
5. Noncumulative quantity discounts: These discounts are applied to individual units or purchases, rather than accumulating based on the quantity. Retailers use noncumulative quantity discounts to incentivize customers to make larger purchases. For example, a retailer might offer a discount of 10% on purchases of $100 or more. This encourages customers to spend more to qualify for the discount.
In conclusion, retailers use cumulative quantity discounts, coupons, rebates, seasonal discounts, and noncumulative quantity discounts to achieve various goals such as increasing sales, attracting new customers, encouraging customer loyalty, and protecting their market share. These strategies are designed to influence customer behavior and drive business growth.
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Retailers use different promotional strategies such as cumulative quantity discounts, coupons, rebates, seasonal discounts, and noncumulative quantity discounts because they believe that these strategies can have several positive effects on their business.
1. Cumulative quantity discounts: These are discounts given to customers based on the total quantity of products purchased over a certain period of time. Retailers use cumulative quantity discounts to incentivize customers to buy more, as they believe that offering discounts for larger quantities will encourage customers to increase their purchases. For example, a retailer might offer a 10% discount for purchasing 10 or more items.
2. Coupons: Retailers use coupons as a promotional tool to entice customers to try new products. Coupons provide customers with a discount or a special offer on a specific product, which encourages them to make a purchase. This strategy is effective in attracting new customers and increasing sales volume. For instance, a retailer might offer a coupon for 20% off a new product to encourage customers to try it.
3. Rebates: Rebates are a form of partial refund given to customers after they have purchased a product. Retailers use rebates to encourage customers to buy their products by offering them the opportunity to get some money back. This strategy aims to convert first-time users into regular customers and increase overall sales. An example would be a retailer offering a $50 rebate on a smartphone purchase.
In summary, retailers use cumulative quantity discounts, coupons, rebates, seasonal discounts, and noncumulative quantity discounts as promotional strategies to achieve various goals such as inducing customers to try new products, converting first-time users to regular users, increasing purchases, and protecting market share. These strategies are designed to attract customers, increase sales, and ultimately benefit the retailer's business.
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what is the best free editing app for gamers?
Answers
The functional currency of Snow was the US dollar. Remeasurement/translation of financial statements to U.S. Dollars, for the year ended December 31, 2023 Snow Company (German subsidiary) Euros Exchange rate Euro 1 = U.S. Dollars Income Statement Net sales 400,000 US$ Cost of goods sold 220,000 Calculation Depreciation expense 10,000 US$ Other expenses 50,000 US$ Remeasurement loss Calculation Net income 120,000 Statement of Retained Earnings Retained earnings, 1/1/23 20,000 US$ + Net income 120,000 From I/S – Dividends declared 30,000 US$ Retained earnings, 12/31/23 110,000 Balance Sheet 1/1/23 12/31/23 Cash 220,000 330,000 US$ Inventories (at FIFO cost) 50,000 30,000 US$ Equipment (net) 80,000 70,000 US$ Total 350,000 430,000 Accounts payable 30,000 20,000 US$ Common stock 300,000 300,000 US$ Retained earnings 20,000 110,000 From above Total 350,000 430,000 (a) Determine the remeasurement gain or loss/translation adjustment for 2023 by analyzing changes in exposed positions. You must show your calculations to receive credit. (b) Complete the above table for the remeasurement/translation of Snow’s financial statement into U.S. dollars.
Answers
(a) To determine the remeasurement gain or loss/translation adjustment for 2023, we need to analyze the changes in exposed positions. Exposed positions are the balance sheet items that are subject to remeasurement due to changes in the exchange rate.
Remeasurement gain/loss for 2023:
Remeasurement gain = Cash gain + Accounts payable gain
= 110,000 US$ + 10,000 US$
= 120,000 US$
Remeasurement loss = Inventories loss + Equipment loss
= 20,000 US$ + 10,000 US$
= 30,000 US$
Remeasurement gain or loss/translation adjustment for 2023 = Remeasurement gain - Remeasurement loss
= 120,000 US$ - 30,000 US$
= 90,000 US$
(b) Completed table for the remeasurement/translation of Snow's financial statement into U.S. dollars:
Balance Sheet 1/1/23 12/31/23
Cash 220,000 330,000 US$
Inventories 50,000 30,000 US$
Equipment (net) 80,000 70,000 US$
Total 350,000 430,000 US$
Accounts payable 30,000 20,000 US$
Common stock 300,000 300,000 US$
Retained earnings 20,000 110,000 US$
Total 350,000 430,000 US$
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Which of the following scenarios describes an error in netiquette? (5 points)
Ahmed keeps his email and text exchanges with his coworkers professional, even though he likes to use off color humor at times with friends.
Jamie writes an email to his colleagues and before sending takes an extra fifteen minutes to carefully proof spelling and grammar.
Marina allows herself to be more honest and straightforward in her written correspondence than she would in her face-to-face interactions.
Shonda receives an email from a colleague complaining about one of their coworkers and deletes it promptly without sharing it with others.
Answers
The scenarios that describes an error in netiquette is option D. Shonda receives an e.mail from a colleague complaining about one of their co- workers and deletes it promptly without sharing it with others. Netiquette is a set of informal rules for good behavior and politeness followed by users of online such as the Internet, email.
Netiquette is gotten from the word "etiquette," which means the general rules or conventions of correct and polite behaviour in social settings and situations. It is therefore the act of exercising polite and considerate behaviour in online contexts, such as Internet discussion boards and personal email.
What is politeness?Politeness is the practical application of good manners or etiquette so as not to offend others. Politeness is a culturally defined phenomenon, and therefore what is considered polite in one culture can sometimes be quite rude or simply eccentric in another cultural context.
Therefore, the correct answer is as given above
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The partnership agreement of Owens, Gehrig, and Nagurski provides for the following income ratio: (a) Owens, the managing partner, receives a salary allowance of $18,000, (b) each partner receives 15% interest on average capital investment, and (c) remaining net income or loss is divided equally. The average capital investments for the year were: Owens $100,000, Gehrig $200,000, and Nagurski $300,000. If partnership net income is $90,000, the amount distributed to Owens should be
Answers
Answer:
Owens will get $18,000 + $12,000 = $30,000
Explanation:
average capital investments:
Owens $100,000Gehrig $200,000Nagurski $300,000Net income = $90,000
Owens received a $18,000 salary
Remaining income = $72,000
interest on capital investment = $600,000 x 15% = $90,000
since $90,000 ≥ $72,000, profits must be allocated proportionally:
Owens = $72,000 x 1/6 = $12,000
Gehrig = $72,000 x 2/6 = $24,000
Nagurski = $72,000 x 3/6 = $36,000
when considering labor markets, ________ demand labor and ________ supply labor. responses
Answers
When considering labor markets, firms or employers demand labor, and workers or employees supply labor.
The demand for labor refers to the number of workers that employers are willing and able to hire at a given wage rate, while the supply of labor refers to the number of workers who are willing and able to work at a given wage rate.
Firms demand labor because they require workers to produce goods and services to sell in the marketplace. The demand for labor is determined by the marginal revenue product of labor, which is the additional revenue generated by each additional unit of labor. If the marginal revenue product is higher than the wage rate, then firms will hire more workers.
Workers supply labor because they require income to support themselves and their families. The supply of labor is determined by various factors, such as the wage rate, education and skills of workers, and the availability of alternative job opportunities. As the wage rate increases, the supply of labor typically increases, as more workers are attracted to the labor market.
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luke takes temporary family leave from his job at metal works corporation to arrange for childcare and deal with financial and legal matters when naomi, his spouse, a u.s. marine on active duty, is deployed overseas. on luke’s return from the leave, metal works must
a. do nothing.
b. reimburse him for his expenses while on leave.
c. promote him to the status of a key employee.
d. restore him to his same position or a comparable position
Answers
Option D is correct, On Luke's return from the leave, the metal works corporation must restore him to his same position or a comparable position.
This is true according to California Labor Code 2922's definition of "at-will" employment for all state employees. The employer or you have the right to terminate your "at-will" employment at any moment, with no prior notice or other requirements.
The company is not permitted to use union membership as a factor in hiring decisions when employees must be let go. The prohibitions against discrimination cover hiring practices as well. Certain union activities are considered unfair labor practices according to the Labor-Management Relations Act.
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Suppose now that the market demand function shifts upward to Q = 2000 – 50P. Using this new demand curve, answer part (b) for the very short run when firms cannot change h
Answers
The equilibrium price in the very short run is $20, and the quantity supplied and demanded is equal to the fixed output level produced by the firms.
In the very short run, firms cannot change their output level (h) due to fixed inputs. With the new market demand function of Q = 2000 – 50P, we can still find the market equilibrium price and quantity by setting the demand function equal to the fixed quantity of output produced by the firms.
Therefore,
Q (quantity supplied) = Q (quantity demanded)
h = 2000 – 50P
To solve for the equilibrium price, we can substitute h with the fixed output level:
h = 2000 – 50P
1000 = 2000 – 50P
50P = 1000
P = $20
Thus, the equilibrium price in the very short run is $20, and the quantity supplied and demanded is equal to the fixed output level produced by the firms.
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You are an HR manager in Saudi Arabia who is considering the use of a selection system. You know that it will do a good job at selecting the best workers, but it also screens out members of visible minorities (i.e. disabled people) at a rate much greater than that for other Saudi citizens. Should you use this system or try to find another that does not screen out so many members of visible-minority groups? What if the new system does not do as good a job at selecting the best workers?
Answers
As an HR manager in Saudi Arabia, it is important to ensure that the company recruits the best workers possible. This means that the selection process must be fair and unbiased towards all candidates. However, if the selection system is screening out members of visible-minority groups (i.e. disabled people) at a much higher rate than other Saudi citizens, then it is not a fair or unbiased system.
Therefore, it would be best to find another selection system that does not screen out so many members of visible-minority groups. It is important to understand that hiring a diverse workforce can bring benefits to a company, such as increased creativity, innovation, and different perspectives. Therefore, having a selection system that does not discriminate against visible-minority groups can help to create a more diverse workforce. However, if the new system does not do as good a job at selecting the best workers, then the HR manager may need to reconsider the selection criteria and methods used.
The HR manager should also ensure that the new selection system is still reliable, valid, and job-related. The selection system should also comply with the legal requirements of Saudi Arabia, such as the Labor Law and Anti-Discrimination Laws. In conclusion, as an HR manager in Saudi Arabia, it is important to find a selection system that is fair and unbiased towards all candidates, including members of visible-minority groups. If the current system is not doing this, then the HR manager should try to find another selection system that is more inclusive. If the new system does not do as good a job at selecting the best workers, then the HR manager should reconsider the selection criteria and methods used while ensuring that the new system is still reliable, valid, and job-related.
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What is the government's goal when providing a company with a subsidy?
a) the government only provides subsidies to poor people.
b) to manage the control of dangerous products entering the marketplace
c) to increase their supply
d ) to manage their supply
Answers
Answer:
c) to increase their supply
Explanation:
A subsidy is an incentive or motivation from the government to private businesses or individuals. Subsidies are usually in the form of cash, tax breaks, loans, or grants. The government gives subsidies to support production in the sector it wishes to promote.
Subsidies lower the cost of production to the business. Consequently, an entity increases its production quantities and can supply the market at lower prices. Subsidies, therefore, increase supplies in the market at friendly prices.
Hammers, screwdrivers, drills, and saws are _____ a construction worker uses.
-tasks
-skills
-tools
-qualifications
Answers
Answer:
are a - tool - construction workers use