A circular flow diagram shows how The Households generate revenue by selling goods and services.
A circular flow diagram is a graphic representation of the economy that demonstrates how money moves through markets between households and businesses. Households and enterprises are the two main decision-making entities in the economy. Firms use inputs like labor, land, and capital to produce commodities and services (buildings and machines). These materials are referred to as production factors. All the commodities and services that businesses generate are consumed by households, who also own the means of production. In two different types of markets, households and businesses interact. Households are the buyers and businesses are the sellers in the markets for goods and services. Particularly, households purchase the product of goods and services produced by businesses.
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The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is:.
The record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
What is a Journal entry?The Journal entry helps to record all basic financial transaction.
In conclusion, the record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
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2. If a new alternative fuel was found in the auto industry, what are the two ways existing car manufacturers might respond to this disruptive innovation?
Existing car manufacturers might respond to a disruptive innovation in the auto industry in two ways:
Incorporate the new alternative fuel technology into their current product offerings: Existing car manufacturers might invest in research and development to incorporate the new alternative fuel technology into their current product offerings. This would allow them to continue to compete in the market with a new and innovative product that meets changing customer needs and preferences.
Create a new product line: Existing car manufacturers might also choose to create a new product line specifically designed to use the new alternative fuel technology. This would allow them to maintain their existing product offerings while also capturing new market share with the innovative product line.
Ultimately, the response of existing car manufacturers to a disruptive innovation in the auto industry would depend on their individual business strategies and goals, as well as the potential impact of the new technology on their existing products and customer base.
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At the end of an accounting period, it is important to ensure proper inventory _____ to determine the ownership of goods in transit.
Answer:
Cutoff.
Explanation:
At the end of an accounting period, it is important to ensure proper inventory cutoff to determine the ownership of goods in transit.
In Financial accounting, the term cutoff refers to the process which ensures that business transactions and activities are recorded in the correct accounting period.
An inventory cutoff involves stopping or pausing shipments or receiving of supplies of goods, in order to enable proper accounting and count checks.
Collecting an accounts receivable affects financial statements by increasing ______.
Collecting an accounts receivable affects financial statements by increasing balance sheet
Describe the balance sheet.A balance sheet is a financial document that lists the assets, liabilities, and shareholder equity of a corporation at a certain point in time. Balance sheets serve as the foundation for calculating investor return rates and assessing a company's financial structure.
The balance sheet, or statement of financial position, is a summary of the assets and liabilities of a corporation as well as the amount of shareholder investment. To do fundamental analysis or determine financial ratios, balance sheets can be utilized alongside other significant financial accounts.
The assets, liabilities, and equity of a firm are balanced to create a balance sheet. Total assets = Total Liabilities + Total Equity is the equation.
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What is the interest owed on a loan of $100 at 10% for 3 months?
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
Which is a characteristic of judging approach
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
Why is market management one of the most important factors for successful business
Market management is an essential part of running a successful business for a few reasons. First, it helps a business understand its target market and the needs and preferences of its customers. This information is crucial for developing products and services that will be in demand and generate revenue.
Second, effective market management can help a business differentiate itself from its competitors. By understanding the market and its competitors, a business can develop unique products and marketing strategies that will help it stand out and gain a competitive advantage.
Third, market management can also help a business anticipate and respond to changes in the market. This can be especially important in today's fast-paced and ever-changing business environment. By staying on top of market trends and customer needs, a business can adapt and evolve to remain competitive.
Overall, market management is an important factor for successful business because it helps a business understand its customers, differentiate itself from competitors, and respond to market changes.
high tariffs on intermediate inputs high tariffs on intermediate inputs lower the nominal rate of protection on final goods. have no impact on the effective rate of protection on final goods. increase the effective rate of protection on final goods. decrease the effective rate of protection on final goods.
High tariffs on intermediate inputs can have varying effects on the rate of protection on final goods. It can lower the nominal rate of protection, have no impact on the effective rate of protection, or increase the effective rate of protection, depending on the specific circumstances and market dynamics.
High tariffs on intermediate inputs can have an impact on the rate of protection on final goods.
When intermediate inputs face high tariffs, it can increase the cost of production for industries that rely on these inputs.
This, in turn, can lead to higher prices for final goods.
However, it's important to note that the impact on the rate of protection depends on the specific circumstances.
In some cases, high tariffs on intermediate inputs can lower the nominal rate of protection on final goods.
This is because the higher costs of production can reduce the profitability of domestic industries, leading to lower protection for these industries.
On the other hand, high tariffs on intermediate inputs can increase the effective rate of protection on final goods. This is because the higher costs of production can make imported final goods more competitive in the domestic market. As a result, the effective rate of protection for domestic industries producing similar goods can increase.
In conclusion, high tariffs on intermediate inputs can have varying effects on the rate of protection on final goods. It can lower the nominal rate of protection, have no impact on the effective rate of protection, or increase the effective rate of protection, depending on the specific circumstances and market dynamics.
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Is it better to have your interest compounded annually, quarterly, or daily? Why?
(10 points: 5 for the correct answer, and 5 for the explanation)
Answer:
It would be better to have it daily so you can keep an everyday record.
Explanation:
If you were pitching the idea for this product, what would you say?
Answer:
you didn't put a picture
Explanation:
I would be happy to help still
2
Which of the following is an example of an equity investment?
A. A loan.
B. A company bond
C. A government bond
D. A company's stock
Please select the best answer from the choices provided
OA
OB
OD
this and return
Save and Exit
Next
Subr
it's a loan and a government bond as well they offer funds to businesses
Janet Boyle intends to deposit $300 per year in a credit union for the next 10 years, and the credit union pays an annual interest rate of 8%. A. Determine the future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn, if (1) $300 is deposited annually and the credit union pays interest annually. (2) $150 is deposited semiannually and the credit union pays interest semiannually. (3) $75 is deposited quarterly and the credit union pays interest quarterly. B. Use your finding in part a to discuss the effect of more frequent deposits and compounding of interest on the future value of an annuity.
Answer:
A(1) Future value of annual deposit = $4,345.97
A(2) Future value of semiannual deposit = $4,466.71
A(3) Future value of quarterly deposit = $4,530.15
B. The more frequent deposits and compounding of interest are, the higher the future value of an annuity of an annuity will be.
Explanation:
A(1). Determine the future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn if (1) $300 is deposited annually and the credit union pays interest annually.
These can be calculated using the Future Value (FV) of an Ordinary Annuity as follows:
FVA = P * (((1 + r)^n - 1) / r) ................................. (1)
Where,
FVA = Future value of the annual deposit = ?
P = Annual deposit = $300
r = Annual interest rate = 8%, or 0.08
n = number of years = 10
Substituting the values into equation (1), we have:
FVA = $300 * (((1 + 0.08)^10 - 1) / 0.08)
FVA = $4,345.97
A(2). Determine the future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn if (2) $150 is deposited semiannually and the credit union pays interest semiannually.
These can be calculated using the Future Value (FV) of an Ordinary Annuity as follows:
FVS = P * (((1 + r)^n - 1) / r) ................................. (2)
Where,
FVS = Future value of the semiannual deposit = ?
P = Semiannual deposit = $150
r = Semiannual interest rate = 8% / 2 = 0.08 / 2 = 0.04
n = number of semiannual = 10 * 2 = 20
Substituting the values into equation (2), we have:
FVS = $150 * (((1 + 0.04)^20 - 1) / 0.04)
FVS = $4,466.71
A(3). Determine the future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn if (3) $75 is deposited quarterly and the credit union pays interest quarterly.
These can be calculated using the Future Value (FV) of an Ordinary Annuity as follows:
FVQ = P * (((1 + r)^n - 1) / r) ................................. (3)
Where,
FVQ = Future value of the semiannual deposit = ?
P = Quarterly deposit = $75
r = Quarterly interest rate = 8% / 4 = 0.08 / 4 = 0.02
n = number of quarters = 10 * 4 = 40
Substituting the values into equation (3), we have:
FVQ = $75 * (((1 + 0.02)^40 - 1) / 0.02)
FVQ = $4,530.15
B. Use your finding in part a to discuss the effect of more frequent deposits and compounding of interest on the future value of an annuity.
Since the future value of quarterly deposit of $4,530.15 is greater than the future value of semiannual deposit of $4,466.71 which on its own is also greater than the future value of annual deposit of $4,345.97, this implies that the more frequent deposits and compounding of interest are, the higher the future value of an annuity will be.
Why is competition good for the consumer in a free enterprise system?
The competition in a free enterprise system is good for consumer because it allows consumer to have the ultimate voice in the economy, starting from the ultimte pices of goods, types of products needed, and whether a product is a success or a fail.
Free enterprise sytem or free market refers to an economy where the government role in the market and its intervention are limited almost to none. The government has almost zero control to the economy and allows the market to determine the products and prices.
Free enterprise system is not regulated by the government but by a set of legal rules, such as property rights, contracts, and competitive bidding. Free enterprise system beliefs that the government intervention would hinder the economy growth. Free enterprise system tends to result in capitalism.
Free enteprise system allows more freedom and aims for higher market efficiency from lower taxes and regulation. Free enterprise system ensures consumer rights and financial security and stability. Free enterprises system provides greater economic opportunities with lower entry and exit barrier to the economy. However free enterprise system might be more vulnerable to several economic crisis with no intervention from the government.
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Answer:
B
Explanation:
hich pricing strategy involves setting a high price for an exclusive, high-end product?
explain six Differences between private and public company
•explain six Differences between private and public company.
Answer:
•In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.
Explanation:
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If your marginal propensity to consume is 0. 4 and you get an additional $300 in income, you would spend ________ on consumption.
Answer:
$120
Explanation:
.4 x 300 = $120
the MPC (Marginal propensity to consume) is essentially the same as saying this is how much of your additional income to spend. In this case, you spend .4 of your additional income. Multiplying .4 by $300 in additional income results in $120
what do critics fear may result from employee monitoring programs?
Critics fear that employee monitoring programs may result in a number of negative outcomes.
Critics fear that employee monitoring programs may result in a number of negative outcomes. One of the main concerns is that these programs may erode employee trust and lead to a toxic work environment. When employees feel that they are being constantly monitored and micromanaged, it can create a culture of fear and distrust. This can also lead to increased stress and anxiety among employees, which can have a negative impact on their mental and physical health.
Another concern is that monitoring programs may be used to unfairly target certain employees or groups. For example, if managers use monitoring data to single out employees who are taking longer breaks or spending more time on personal tasks, it could lead to discrimination or bias. There is also the risk that monitoring programs may be used to unfairly punish employees who are not meeting certain productivity or performance targets.
Overall, critics argue that employee monitoring programs need to be implemented carefully and thoughtfully to avoid these negative outcomes. It is important for organizations to be transparent about their monitoring policies and to ensure that they are being used fairly and consistently across all employees.
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The retailing mix includes retail communication, merchandise, and which two other elements?
A) store location and retail pricing
B) people and process
C) breadth of product line and depth of product line
D) sales per square foot and same store sales growth
E) location on the wheel of retailing and stage of the retail life cycle
The retailing mix is an important concept in the retail industry that refers to the combination of factors that contribute to the success of a retail business.
The mix includes four elements, namely retail communication, merchandise, breadth of product line, and depth of product line. Retail communication refers to the various marketing and promotional strategies used by retailers to attract customers and increase sales.
Merchandise refers to the products and services offered by the retailer to meet the needs and preferences of the target market. Breadth of product line refers to the number of different product categories offered by the retailer, while depth of product line refers to the variety of products within each category.
These four elements work together to create a successful retail business that meets the needs of customers and generates profit.
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Which of the following is a good example of inflation? OA. You get a flat tire on your car. OB. You work three jobs in order to pay your bills It cost you $50 to gas up your car this month. But last month it cost you OC. $85 It cost you $85 to gas up your car this month. But last month it only cost OD you S50
Answer: C.) It cost you $85 to gas up your car this month but last month it only cost you $50
Explanation:
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Manni wants to start a paper company. He needs to find a place where he can have access to lumber so he can create his products. Which category of economic resource does he require?
labor
entrepreneurial ability
land
Type the correct answer in the box. Spell all words correctly.
Which federal agency is authorized to oversee all commercial advertisements?
has been
Amid concerns over deceptive practices in some commercials featuring prominent celebrities,
authorized to oversee all commercial advertisements.
Answer: Federal Trade Commission
Explanation:
The Federal Trade Commission (FTC) is charged with maintaining a healthy competitive environment in the economy for the benefit of the consumer.
As part of this mandate, they are to monitor advertisements to ensure that consumers are not being deceived in order for the company engaged in the deception to gain an unfair advantage.
The FTC monitors advertisements through its Division of Advertising Practices which falls under its Bureau of Consumer Protection.
Which is a good rule to follow when sending business emails? (1 point)
Answer:
Avoid forwarding spam and unnecessary messages such as chain letters.
Explanation: did the test
The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.
What is email?An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.
It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.
When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.
Therefore, the use of formal languages and proper formats made the emails more accurate.
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If accounts receivable have increased during the period:.
If accounts receivable have increased during the period, then revenues on an accrual basis are the same as revenues on an cash basis. (option c).
When accounts receivable increases during a period, it suggests that more customers have made purchases on credit. This could be due to various factors, such as increased sales or a company's decision to extend more credit to its customers. Let's explore some key implications and reasons behind the increase in accounts receivable:
One possible reason for the increase in accounts receivable is a growth in sales. When a company experiences higher sales, it often means more customers are buying its products or services. If a significant portion of these sales are made on credit, it will result in a higher accounts receivable balance. This is because the customers have received the goods or services but have not yet paid the company.
Some businesses experience seasonal fluctuations in sales. For example, retail companies often see higher sales during holiday seasons. If a company's accounts receivable increases during a particular period, it might be due to increased sales driven by seasonal factors. These customers will be expected to pay their outstanding balances in the future, resulting in higher accounts receivable.
Another reason for an increase in accounts receivable could be a change in the company's credit policy. If a company decides to offer more favorable credit terms to its customers, such as longer payment periods or higher credit limits, it can lead to increased sales on credit. As a result, the accounts receivable balance will rise.
In certain industries, it is common for customers to make purchases on credit.
The increase in accounts receivable may also reflect changes in the company's collection period—the time it takes for customers to pay their outstanding balances. If the collection period lengthens, even without a significant increase in sales, it can result in a higher accounts receivable balance.
Hence the correct option is (c).
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Complete Question:
If accounts receivable have increased during the period,
A) revenues on an accrual basis are less than revenues on a cash basis.
B) revenues on an accrual basis are greater than revenues on a cash basis.
C) revenues on an accrual basis are the same as revenues on an cash basis.
D) expenses on an accrual basis are greater than expenses on a cash basis.
Although a consumer may be happy with your company’s product/service, they will not hesitate to switch if another company provides additional value. This is why you should strive to ________ your customers
Answer:
delight
Explanation:
Consumer satisfaction refers to the level of happiness that a customer derives from the consumption or use of any product or service. The information related to the customer satisfaction is derived from the surveys and ratings. These information helps in the betterment and improvement of the product and services.
Delighting the customer is a very important part of marketing. This helps in maintaining the customer relation.
Farrow Company reports the following annual results. 14 Per Unit $ 15.00 Annual Total $ 5,400,000 8 01:08:40 Contribution Margin Income Statement Sales (360,000 units) Variable costs Direct materials Direct labor Overhead Contribution margin Fixed costs Fixed overhead Fixed general and administrative 2.00 4.00 2.50 6.50 720,000 1,440,000 900,000 2,340,000 2.00 1.50 720,000 540,000 Income $ 3.00 $ 1,080,000 The company receives a special offer for 36,000 units at $13 per unit. The additional sales would not affect its normal sales. Variable costs per unit would be the same for the special offer as they are for the normal units. The special offer would require incremental fixed overhead of $144,000 and incremental fixed general and administrative costs of $155,000. (a) Compute the income or loss for the special offer. (b) Should the company accept or reject the special offer? Complete this question by entering your answers in the tabs below. Required A Required B Compute the income or loss for the special offer. (Round your "Per Unit" answers to 2 decimal places.) SPECIAL OFFER ANALYSIS Per Unit Total Contribution margin - Income (loss) < Required A Required B > Required A Required B Should the company accept or reject the special offer? Should the company accept or reject the special offer? < Required A Required B
Required A: SPECIAL OFFER ANALYSIS Per Unit Total Contribution margin $2.50 $90,000, Income (loss) $0.50 $18,000
Required B: The company should accept the special offer as it would result in an income of $18,000.
What is Total Contribution?Total contribution is a measure of the total value that an individual or organization has provided to a particular project over a given period of time. It is usually measured in terms of time, money, and resources. Total contribution is often used to measure the success of a project, as it can help to identify areas of improvement or areas where additional resources may be needed. It is also used to assess the value of a project or organization to its stakeholders. Total contribution allows organizations to compare the success of different projects and organizations to each other and to ensure that resources are allocated appropriately. Total contribution is an important part of any project or organization’s success and should be monitored on an ongoing basis.
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The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
Answer:
The answer should be 600
Explanation:
30x20=600
The margin for a product is typically highest in which phase of the product life cycle? Select one: a. Introduction b. Maturity c. Decline d. Demand A marketing strategy is not a plan of action, it is a set of coordinated response functions. Select one: True False The lowest priced product will always win demand over a higher priced product with a better brand judgement. Select one: True False
The margin for a product is typically highest in the a. Introduction phase of the product life cycle. A product’s life cycle can be split into several different stages including product development, introduction, growth, maturity, and decline. Each stage of the life cycle has unique characteristics and needs a different strategy. The given statement "A marketing strategy is not a plan of action, it is a set of coordinated response functions" is False.
At the introduction phase, the price is often set high to maximize revenue during the early stage of the product life cycle. The cost of production will be high and it will take time for businesses to recover their costs. However, as the product becomes more popular and the cost of production falls, the profit margins increase and the price drops.The given statement "A marketing strategy is not a plan of action, it is a set of coordinated response functions" is False.The lowest priced product will not always win demand over a higher priced product with a better brand judgement. This statement is False. Customers are willing to pay more for a brand they recognize, trust, and value. Price is just one of the factors that influence consumer purchase decisions, but it is not the only one.
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Operations management is only about being as cost-effective as possible.
O True
O False
Answer:
True
Explanation:
Any kind of practice which allows a business or other organization to maximize the use of their inputs by developing products at a faster pace than competitors or reducing defects, for example.
1) The skills and knowledge a person has acquired through experience and/or
education.
O Human Capital
O Entrepreneurial talents
O Physical Capital
O Perfect competition
Answer:
O Human Capital
Explanation:
Human capital is an employee's knowledge, skills, and competencies that a company uses in productivity. It is the attributes of labor that impact production and influence compensation. Human capital is enhanced through education, job training, work experiences, and research.
Human capital is compensated through wages and salaries. Its cost is monetized as labor and is one of the factors of production.
What levels of risk does investing in the stock generally carry
medium
medium, high,
low, high
or low?
Low, high levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.
Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.
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