Answers
Answer:
Coming back to our example: at the price p = 6 per pencil, the quantity that sellers want to sell is equal to 10, while the quantity demanded is equal to 5 and there is an excess supply of 10 - 5 = 5 units. ... Sellers will continue to lower their price until the market price reaches 4, the equilibrium price.
Explanation:
correct me if I'm wrong thank you
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#CARRYONLEARNINGPrices reach equilibrium when the quantity demanded is equal to the quantity supplied.
At equilibrium price, the quantity demanded is equal to the quantity supplied.
For example, if the following data for quantity demanded and supplied are provided, the equilibrium price is $5 because it is at this price that quantity demanded and supplied are equal.
Price Quantity demanded Quantity supplied
$1 10 5
$5 8 8
$9 5 10
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Related Questions
Identify one supply or demand shifting factor that the community could have some control over or do something about
Answers
One supply or demand shifting factor that the community could have some control over is consumer preferences and behaviors.
1. Consumer Education: The community can actively engage in educating consumers about the benefits of certain products or services. By providing information on the positive impacts of choosing certain goods or services, consumers may shift their preferences towards those options, influencing the demand.
2. Marketing and Advertising: Local businesses and organizations can collaborate to promote goods and services that align with the values and preferences of the community. Effective marketing strategies can influence consumer demand and encourage them to choose specific products, thereby shifting the demand curve.
3. Support for Local Producers: Community members can actively support local producers and businesses by purchasing their goods and services. By creating a demand for locally sourced products, the community can influence supply chain dynamics and encourage businesses to cater to their preferences.
4. Sustainable Practices: Promoting sustainable practices within the community can also have an impact on supply and demand. By advocating for eco-friendly products and services, such as renewable energy or ethically sourced goods, the community can create a shift in consumer demand, influencing businesses to adjust their supply accordingly.
5. Collaboration with Local Authorities: The community can collaborate with local authorities to enact policies that align with their preferences. For example, advocating for stricter environmental regulations or supporting initiatives that promote fair trade can influence both supply and demand factors.
By actively engaging in these steps, the community can exert some control over consumer preferences and behaviors, thereby shifting the supply and demand dynamics in their favor.
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Type the correct answer In the box. Spell all words correctly.
What happens to your tax llability with proper financial planning?
You can
your tax liability through proper financial
planning.
Answers
Answer:
I think the question is incomplete
terrence plays softball two nights a week and his current grade in economics is 80 percent. he decides to play softball for three nights each week and his economics grade falls to 65 percent. the marginal cost to terrence of playing softball one more night each week is
Answers
Terrence will pay a 15 percentage economic point premium to play softball one additional night each week.
Which scenario best illustrates opportunity cost?A nation decides to cultivate bananas rather of wheat. A nation can produce affordable commodities, sell them, and purchase goods that it cannot produce effectively.
What kind of opportunity cost is that?A student spends $20 and three hours at the movies the night before a test. The opportunity cost is the total of the money and time that could have been used for other purposes instead of learning. When a farmer decides to plant wheat or use the resources in another way, there is an opportunity cost involved (land and farm equipment).
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How might the future economic concerns of other countries differ from those of the United States?
Answers
Answer:
The future economic concerns of other countries will differ from those of the United States, mainly according to the degree of economic development of each nation. Thus, for example, countries like Germany or Canada, which have an economic development similar to that of the United States, will have economic and socioeconomic concerns quite similar to the United States (rational use of natural resources, redistribution of income, efficient allocation of public resources, etc.).
On the other hand, less developed nations such as those of Africa, Haiti or Cuba, for example, will have different concerns, such as guaranteeing access to water, food and sanitation for all their inhabitants, or generating foreign investments that provide jobs for their residents.
Sheila and Jim live in an island where they are the only two workers. Sheila can either catch 10 fish or gather 40 pounds of berries each day, and Jim can either catch 8 fish or gather 24 pounds of berries each day. Both of them work 200 days per year. At current world prices 1 fish trades for 3.5 pounds of berries. Who has the comparative advantage in producing berries
Answers
Answer:
SHEILA
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.
Sheila's opportunity cost in producing berries = 10/40 = 0.25
Jim's opportunity cost in producing berries = 8/24 = 0.33
Sheila has a lower opportunity cost in the production of berries and thus has a comparative advantage in the production of berries
Which questions about risk should someone ask before making a big purchase? Check all that apply.
What problems are most likely to happern?
OWhat can be done to avoid liability
OWhat could go wrong?
OWhat problems could be most damaging?
OWhat option has no risk?
Answers
Answer:
A
Explanation:
If you need buy it, if it's a want not a need don't buy it
The questions are in the images. The categories provided are: Cash, Accounts Receivable, Office Equipment, Office Furniture, Accounts Payable, Randy Guttery Capital, Randy Guttery Drawing, Fees Income, Rent Expense, Utilities Expense, Salaries Expense, Telephone Expense, and Miscellaneous Expense.
Answers
A collection of financial records that employ double-entry accounting is referred to informally as a T-account.
What is T- Account ?The phrase defines how the bookkeeping entries appear. On a page, a huge letter T is first drawn.The account name is then written above the top horizontal line and split by the bottom horizontal line., and below that, split by the vertical T of the letter, debits are reported on the left and credits are recorded on the right.
Every financial transaction is taken into account to have an impact on at least two of a company's accounts in double-entry bookkeeping, a common accounting technique. Each transaction will be recorded in one account as a debit entry and in the other as a credit entry.
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Nevertire Ltd purchased a delivery van costing $52,000. It is expected to have a residual value of $12,000 at the end of its useful life of 4 years or 200,000 kilometers. Ignore GST.
Required:
a) Assume the van was purchased on 1 July 2019 and that the accounting period ends on 30 June. Calculate the depreciation expense for the year 2019–20 using each of the following depreciation methods
straight-line.
diminishing balance (depreciation rate has been calculated as 31%).
units of production (assume the van was driven 78,000 kilometers during the financial year).
b) Record the adjusting entries for the depreciation on 30 June 2021 using a diminishing balance method.
c) Show how the van would appear in the balance sheet prepared at the end of year 2 using the Straightline method.
Answers
Answer:
a.
Straight line method
This method gives a uniform depreciation figure over the lifetime of the asset. Formula is,
= ( Cost - Residual Value) / Useful life
= (52,000 - 12,000) / 4
= $10,000
Diminishing Balance Method
This method applies depreciation at a faster rate so that the assets depreciates faster in it's earlier years.
Formula is,
= Cost * Depreciation rate
= 52,000 * 31%
= $16,120
Units of Production
This method depreciates based on the usage of the asset vs the total capacity of the asset. Assuming the van was driven 78,000 kilometers during the financial year
Formula is,
= (( Cost - Residual value) * units for the year) / Estimated production capacity
= ((52,000 - 12,000)*78,000)/200,000
= 3,120,000 / 200,000
= $15,600
b.
Date
June 30 2021
DR Depreciation $11,123
CR Accumulated Depreciation $11,123
Working
June 30 2021 Depreciation
= ( Cost - 2020 Depreciation ) * 31%
= (52,000 - 16,120 ) * 31%
= 35,880 * 31%
= $11,123
c. Straight line depreciation is constant so Value at the second year using Straight line will be,
= Cost - 2020 Depreciation - 2021 Depreciation
= 52,000 - 10,000 - 10,000
= $32,000
Balance sheet excerpt,
Particulars Amount
Assets
Fixed assets
Vechicles $32,000
Who collects income tax that is payable to the federal government?
Income tax that is payable to the federal government is collected by the
.
Answers
The income tax that is payable to the federal government is collected by the Internal Revenue Service.
What is Tax?When the government of a nation collects money from its residents as a tax, it is used to fund various aspects of the nation's growth, such as the construction of hospitals, roads, temples and transit systems,
Taxes on individual income, payroll, and corporate income are the three main ways that the federal government receives its revenue. Individuals' wages and salaries as well as investment and other income are subject to income taxes.
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When the labor market is doing very well and jobs are easy to get, we would expect:
The labor force to increase as previously discouraged workers re-entered the labor force.
The labor force to decrease as previously discouraged workers choose to remain unemployed.
The labor force to stay the same because the labor market is in equilibrium at that point
The labor force to increase because the overall population of the country should shrink.
The labor force to increase because the overall population of the country should increase because of immigration
Answers
Answer:
A. The labor force to increase as previously discouraged workers re-entered the labor force.
Explanation:
When the labor market is doing very well and jobs are easy to get, we would expect the labor force to increase as previously discouraged workers re-entered the labor force.
This ultimately implies that, when the labor market is performing exceptionally or excellently and the unemployment rate is very low because people are able to secure employment easily, there would be a significant increase in the number of people employed and as such leading to an increase in the labor force as more people would be motivated to join the labor force.
Hence, an optimal and efficient economy is one that is characterized mainly by a low unemployment rate with previously discouraged workers being motivated to come back into the labor force.
I need help!!! offering brain list
Answers
The written agreement that can legally establish Danna's new roles and responsibilities would be a contract (option D).
What is a contract?A contract is a term that refers to a legal document that establishes the terms and conditions of an employment relationship between a company and an employee. A contract mentions the roles and responsibilities that the employee will have, their rights, their salary, their hours, among other relevant information. For a contract to be valid, both parties must sign it to accept what is established there.
What written agreement establishes Danna's new roles and responsibilities?The ideal document to establish Danna's new roles and responsibilities would be a contract. Generally, when companies promote their employees to a new position, they must make a new contract because many terms and conditions of their work change. In this case, Danna is going to have more responsibilities and roles within the company, so the most appropriate thing would be to make her a new contract specifying all the information about her new position. According to the above, the correct answer is D. Contract.
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which statement best describes the current price for the good shown in this graph of supply and demand schedules.
A. the current price will result in a low demand for the good
B. the current price will result in a low supply for the good
C. the current price is higher than the equilibrium for the good
D. the current price equals the equilibrium price for the good
Answers
Answer: The current price will result in a low supply for the good.
Explanation: A P E X fam
Answer:
B. the current price will result in a low supply for the good
Explanation:
promotional Scavenger
Answers
Example of incentives promotion could be offering a discount or a special promotional price for a limited time to encourage immediate purchase.
Hence, a person who constantly seeks out these promotions is caalled a Promotional scavenger.
What is promotion?Promotion in marketing refers to any sort of marketing communication that is used to enlighten target audiences about the relative qualities of a product, service, brand, or problem, and is usually persuasive in nature.
Revenue promotions can assist your firm acquire new clients in addition to raising immediate revenue. Encourage repeat purchases and loyalty. acquire insights about customer behaviors.
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Local planning teams are often called planning .
Answers
Answer:Commissions
Explanation:an instruction, command, or duty given to a person or group of people.
QUESTION 5
Which of the following is the first step in building a social media plan?
O a. Listen to determine opportunities
O b. Establish social media objectives
O c. Select social media tools
O d. Segment and target the social media customer
e. Integrate the plan
Answers
The first step in building a social media plan is to establish social media objectives.
Social media play an important role when it comes to advertising or marketing of goods or services.
In order to build a social media- plan it is important that you establish your social media objectives and know your goals as well as how to achieve it.
Some of the social media- plan objectives you need to know includes:
How to build rapport with your target audience or customers.How to convince your target audience about your products.How to create product awareness so as to increase your sales and earn profit.How to increase your audience.Inconclusion the first step in building a social media plan is to establish social media objectives.
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Which project management principle reflects the emphasis on choosing the correct methodology for your projects?
Answers
A building is acquired on January 1, at a cost of $830,000 with an estimated useful life of eight years and salvage value of $75,000. Compute depreciation expense for the first three years using the double-declining-balance method.
Answers
Answer:
ill try but just know im dum
Place each item in the correct category: (1) affects long-run aggregate supply (LRAS) or (2) does not affect LRAS.
Items (5 items) (Drag and drop into the appropriate area below)
technologythe price levelresourcesinstitutionsexpected future prices
Categories
Affects LRAS
Drag and drop here
Doesn't affect LRAS
Answers
Capital, labor, and technology are the only variables that affect the aggregate supply curve over the long term. The curve may shift to the right as a result of increased capital, more labor availability, and improved technology since it is vertical in the long term.
What affects long run aggregate supply?
Changes in input prices cause the SRAS curve to vary, but the LRAS curve stays at the full-employment output level regardless of input price changes. In the case of the SRAS, there is a brief boost in output as the price rises.
The long-run aggregate supply (LRAS) curve depicts the connection between price level and real GDP that would exist if all prices, including nominal wages, were completely flexible. Along the LRAS, prices can move, but production cannot since it represents the output at full employment.
The LRAS curve is vertical as opposed to the upward-sloping SRAS curve since all expenses adjust over enough time.
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When considering an investment, which of the following is not one of the three critical factors used to evaluate future earnings potential of that investment?
a. Global event factors.
b. Economy-wide factors.
c. Industry factors.
d. Individual company factors.
Answers
Answer:
A) Global event factor
Explanation:
Ohanian says that when using social media to accomplish a mission, be
aware that you will likely:
OA. tell lies to get what you want.
OB. spend thousands of dollars.
C. spread disingenuous sentiments.
OD. lose control of your message.
Answers
Answer:
D. Lose control of your message
Explain the merits, and why we would expect to see a correlation between GDP and financial well-being.
Answers
We would expect to see a correlation between GDP and financial well-being because Economic Growth, Income Generation, Consumer Spending, Investment Opportunities and Social Welfare Programs.
The correlation between GDP (Gross Domestic Product) and financial well-being can be attributed to several merits and factors. Here's an explanation of why we would expect to see a correlation between GDP and financial well-being:
Economic Growth: GDP is a measure of a country's economic output or production. When the GDP of a country is growing, it indicates a healthy and expanding economy. Income Generation: GDP growth is typically associated with increased income generation across various sectors of the economy. As businesses expand and create more job opportunities, individuals have a higher chance of finding employment and earning income. Consumer Spending: GDP growth often corresponds to increased consumer spending. When the economy is performing well, people tend to have more disposable income, which they can use to purchase goods and services. Increased consumer spending contributes to business revenue, job creation, and overall economic activity.Investment Opportunities: A growing GDP attracts domestic and foreign investments. When the economy is expanding, businesses and investors see opportunities for profitability and growth. Increased investment leads to the creation of new businesses, expansion of existing ones, and the development of infrastructure. Social Welfare Programs: Higher GDP often provides governments with more resources to invest in social welfare programs. These programs include healthcare, education, social security, and poverty alleviation initiatives.For such more question on Economic:
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Which statement BEST matches the image. Cannot be used more than once. < < soda soda soda 个 orange juice • A orange juice • A orange juice A 1. Inefficient / Underutilization 2. Impossible / Unobtainable Technological advances in production 3. 4. Efficient Production
Answers
We can see here that the statement that best matches the image is Inefficient production / Underutilization.
What is inefficient production?Inefficient production refers to a situation where resources are not utilized optimally or where the production process does not achieve the highest possible output given the available resources and technology. It implies that the production process is not operating at its maximum efficiency or effectiveness.
Addressing inefficiencies in production is crucial for organizations to enhance productivity, reduce costs, improve competitiveness, and maximize their output.
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The following data are taken from the income statement columns of the worksheet of a merchandising business for the year ended December 31.2002. Net income.........12,500
Sales .....................45,000
Income Summary....10,000 dr and 6000 cr
Gross Purchase......19,750
Purchase Ret. And Allowances....200
Required
prepare a correct trail balance for the company as june 30,2001 assuming every account in the ledger has a normal balance
Answers
To prepare a correct trial balance, we need to list all the accounts and their balances (debit or credit) as of December 31, 2002. Here's the trial balance:
What is in the trial balance?Account Debit Credit
Cash
Accounts Receivable
Inventory
Supplies
Prepaid Insurance
Equipment
Accum. Depreciation - Equipment
Accounts Payable
Salaries Payable
Interest Payable
Income Taxes Payable
Common Stock
Retained Earnings
Sales |45,000
Sales Returns and Allowances |200
Cost of Goods Sold 19,750|
Gross Profit 25,250|
Operating Expenses
Interest Expense
Insurance Expense
Rent Expense
Salaries Expense
Utilities Expense
Income Summary 10,000 | 6,000
Net Income 12,500 |
Total 67,000 | 67,000
Note that the total debits equal the total credits, which confirms that the trial balance is in balance. Also, the Income Summary account has been closed to Retained Earnings, and the final net income amount has been included in Retained Earnings.
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Domain and Range Digital Escape! puzzle 3
Answers
A function/graph/relation's domain and range are defined as follows:
Domain: a collection of input values.Range: a collection of output values.What are a function's domain and range?The domain of a function is the set that contains all of the function/relation's potential input values; hence, it is made up of x values.
The range of a function is the set that contains all of the function/relation's potential output values; hence, it is made up of y values.
Because the problem is incomplete, the notions of domain and range are given and then applied to derive the domain and range.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Please define the terms
Oceanic Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:
20Y1 $22,500
20Y2 7,500
20Y3 45,000
Need help understanding this problem!
Answers
The dividends per share for the cumulative preferred stock and the common stock is :
20Y1 20Y2 20Y3
Dividend per share:
Preferred Stock $1 $0.50 $1.50
Common Stock $0.15 $0 $0.45
What is dividend per share ?Dividend per share is the sum of declared dividends issued by a company for every ordinary share outstanding . It is calculated by dividing the total dividend by the number of shares in the issue for each class of stock.
However, the dividend is distributed to preferred stockholders first, followed by common stockholders.
In any year where the dividend is insufficient to cover the cumulative preferred stockholders, whatever is left over is distributed to the preferred stockholders, leaving common stockholders with nothing.
If there are sufficient dividends, the cumulative preferred dividend arrears must be settled in addition to the fixed dividend for the year
The dividend per share is calculated as:-
Cumulative Preferred 2% Stock = 15,000 shares
Par value = $50
Value of Cumulative preferred stock, 2% stock = $750,000 (15,000 x $50)
Fixed preferred dividend each year = $15,000
Common Stock = 50,000 shares
Dividend Distribution Preferred Common Stock
20Y1 $22,500 $15,000 $7,500 ($22,500-$15,000)
Dividend per share $1 $0.15 ($7,500/50,000)
20Y2 7,500 $7,500 $0
Dividend per share $0.50 $0
20Y3 45,000 $22,500 $22,500 ($45,000 - $22,500)
Dividend per share $1.50 $0.45
Preferred stock dividend for 20Y3 = $22,500 ($7,500 + $15,000)
Therefore, the dividend per share for Oceanic Company is calculated.
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A firm is more likely to engage in horizontal foreign direct investment if
Answers
Answer:
a form is more likely to engaging horizontal foreign direct investment if ...
A survey found that 76% of men preferred darker jeans. if 500 men were sureveyed, how many answered that they preferred darker jeans
Answers
Answer: 380 men preferred darker jeans
Explanation:
76% of 500 is 380
Task 2: Writing a Cover Letter Prepare a cover letter to highlight your skills required for the job identified in the previous task. Apply the tips for writing cover letters that you learned in this course.
Answers
In a Job context, a cover Letter is important because its provides the hiring manager with further detail on how your skill set aligns with the role, what you can bring to the team and why you want the position.
How to write good cover letter:A good cover letter for a job should be well-written and tailored to the specific job and company you are applying to. It should also be concise and to the point.
Here are some tips for writing a strong cover letter:
Address the letter to a specific person, if possible. This shows that you have done your research on the company.Start with a strong opening sentence that hooks the reader's attention and makes them want to read more.Explain why you are a good fit for the job, and how your skills and experiences make you a valuable asset to the company.Tailor your cover letter to the specific job you are applying for, by highlighting relevant experiences or skills.Use specific examples to illustrate your qualifications, and avoid generic language or cliches.End the letter with a call to action, such as asking for an interview or requesting that your resume be considered for the position.Proofread your cover letter multiple times before submitting, to ensure that it is error-free.Be sure to use a professional tone and format, and avoid using emoticons or text language.If you are applying online, make sure to save and submit the document in the correct format as per employer's instruction.Read more about cover letter
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Which of the following is a benefit of achieving
MSD certification?
O Increased ordering periods
O Free special tools from BOSCH
O Increased service efficiency
• Access to online service manuals
Answers
Answer:
I think the 3rd one but if I'm wrong pls tell me!
PLS HELP QUICK
A written training plan:
should be re-written for each training.
is dangerous because it may be used in lawsuits by terminated employees against the company.
should be created for each job.
is useful for group training, but only interferes with spontaneity in the case of one-on-one training.