Julie is responsible for ordering supplies in the office. she notices that when she buys a lot of supplies, the cost per item goes down. This cost advantage is the result of__________-.
Answers
The cost advantage Julie observes, where the cost per item decreases when buying in larger quantities, is the result of economies of scale.
Economies of scale occur when the cost per unit decreases as production or purchasing volume increases. In this case, as Julie buys a larger quantity of supplies, the supplier may offer a discounted price due to the bulk purchase. This allows the cost per item to decrease, resulting in a cost advantage for the office.
Economies of scale can be achieved through various factors, such as spreading fixed costs over a larger production volume, negotiating better prices with suppliers, or taking advantage of operational efficiencies in larger quantities. By taking advantage of economies of scale, organizations can reduce costs and improve their purchasing power.
Recognizing and leveraging economies of scale can help organizations like Julie's office save costs and optimize their purchasing decisions. By buying in larger quantities, they can take advantage of the cost advantage and obtain better value for their money.
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Related Questions
What is the name for the process of paying attention to important properties while ignoring nonessential details?
Answers
Answer:
Abstraction
Explanation:
Abstraction can be defined as the doing way of some details that are not too necessary so that the main subject or features have maximum attention.
absstraction is very important in the aspect of object oriented programming
It should be noted that the process of paying attention to important properties while ignoring nonessential details is Abstraction.
artful innovations inc. operates with open channels of communication and an established suggestion system that encourages brainstorming and freewheeling discussions. artful innovations can best be described as a(n) organization. a. creative b. cooperative c. experimental d. entrepreneurial e. disruptive
Answers
Artful Innovations Inc. fosters creative thinking and unstructured dialogue by maintaining open lines of communication and a formalized suggestion system. The greatest way to explain artistic advances is as Creative organization.
What is Innovation?Innovation is the application of ideas in a real-world setting that leads to the creation of new products or services or to an improvement in the provision of existing ones.
Innovation frequently occurs as a result of the creation of more useful goods, procedures, services, technology, artistic creations, or business models that innovators make available to consumers, the state, and the general public. The 4 Models of innovation are
radical innovationincremental innovationInnovative architecture:Modular InnovationTo know more about Innovation, visit:
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Ernst Company purchased equipment that cost $3,000,000 on January 1, 2017. The entire cost was recorded as an expense. The equipment had a nine-year life and a $120,000 residual value. Ernst uses the straight-line method to account for depreciation expense. The error was discovered on December 10, 2019. Ernst is subject to a 40% tax rate.Before the correction was made and before the books were closed on December 31, 2019, retained earnings was understated by1. $1,328,000.2. $1,416,000.3. $1,800,000.4. $1,344,000.
Answers
Answer:
2 . $1,416,000.3
Explanation:
Calculation for understated retained earnings
Understated retained earnings=$3,000,000 – [($3,000,000 – $120,000) ÷ 9 × 2] × (1 – .40)
Understated retained earnings=($3,000,000-$640,000) × (1 – .40)
Understated retained earnings=$2,360,000 × (1 – .40)
Understated retained earnings=$2,360,000 ×0.6
Understated retained earnings=$1,416,000
Therefore on December 31, 2019, retained earnings was understated by $1,416,000
The price elasticity of demand for heart transplants is perfectly inelastic. Thus, the price elasticity demand for heart transplants is Your answer: O 1.0 O 0.0 O -1.0 O -100.0
Answers
Since the price elasticity of demand for heart transplants is perfectly inelastic, its price elasticity of demand is equal to 0.
The price elasticity of demand measures how sensitive the change of price to the change of demanded quantity.
The criteria for price elasticity (let's denote it with p.e) of demand are:
0 (perfectly inelastic) : It means price changes result in no change in demand0 < p.e < 1 : It is called inelastic, which means Price changes result in a negligible impact in demand.p.e = 1 : It is called unitary, which means price changes correspond to percentage changes in demand.p.e > 1: It is called elastic, which means price changes result in a considerable change in demand.Price elasticity is an absolute value, which means it is always a positive number.
In the given problem, the price elasticity of demand for heart transplants is perfectly inelastic. Hence, the price elasticity of demand is 0.
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Which of the following is an example of a game where the customer can choose their own numbers
Answers
The game where players are allowed to pick their own numbers is the game of Mega-Millions.
What is Mega-Millions?This is a type of lottery game that is available in several countries around the world and involves players picking certain numbers to stand a chance to win some money.
The players get to choose the numbers they believe will be lucky and then there is a draw. If their numbers are selected, they stand a chance to win.
Options for this question were:
a. Quick Pick game.
b. Mega Millions.
c. Instant Scratch-Off game.
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Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answers
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
Theresa leased a one-bedroom apartment from Landlady for one year at $500 per month. After three months, she vacated the apartment. A family of five wanted to rent the apartment, but Landlady refused. Three months later—six months into what would have been Theresa’s term—Landlady managed to rent the apartment to Tenant for $400 per month. How much does Theresa owe, and why?
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Answer:
She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.
Explanation:
I hope this helped have a great day!
__________ do not actually produce goods, but they do provide their customers with time, place, and possession utility by making goods available when and where consumers want them.
Answers
Retailers do not actually produce goods, but they do provide their customers with time, place, and possession utility by making goods available when and where consumers want them.
What is retailing?Retailing is the sale of goods or merchandise from a fixed location, such as a department store, boutique, or kiosk, or by mail or online sales.
It is a distribution mechanism that links the producer to the consumer, with the retailer playing a vital role in making sure goods are available at the right time and place, as well as providing other utilities such as possession and information.
Retailers can buy products from producers or wholesalers and sell them to consumers at a higher price in order to make a profit.
They play a critical role in the economy by assisting manufacturers in getting their products to market and providing consumers with access to the products they need.
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write a 1-2 paragraph response.
The tough terrain of Central Asian countries
made it difficult for people to settle certain
areas. In the past, these difficulties often
lead to clashes as people began to fight over
resources. In today's political landscape, fights
over resources can be resolved diplomatically as
various governments work to share resources in
peaceful ways. How can governments provide a
more moral and equitable approach to resource
sharing, as opposed to the localized fighting and
clashes of the past?
Answers
Based on conflict resolution strategy and allocation of resources, the moral and equitable approach to resource sharing, as opposed to the localized fighting and clashes of the past is through Autonomy.
What is Autonomy in resource sharing?Autonomy is a term that is used to allow ethnic or other groups that claim a distinct identity to exercise direct control over affairs of special concern to them while allowing the larger entity to exercise those powers that cover common interests.
Generally, Autonomy helps to restructure the state to accommodate cultural and ethnic diversity. Also, It is often assumed that conflicts can be prevented or mediated by restructuring the state and official policies.
Autonomy helps to recognize personal laws and other forms of pluralism.
It also helps to recognize minorities and indigenous people.
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the most popular form of consumer sales promotion are rebates in which a cash refund is given for the purchase of a product during a specific period. True or False.
Answers
The given statement "the most popular form of consumer sales promotion are rebates in which a cash refund is given for the purchase of a product during a specific period" is True .Consumer sales promotion is the use of advertising and other promotional methods to encourage consumers to buy a product or service. Rebates are one of the most popular types of sales promotions used in consumer marketing.
Rebates are a type of incentive that offers consumers a cash refund on their purchase if they buy a product during a specific period. The refund amount may vary from product to product but is usually a percentage of the purchase price of the product. Rebates offer several benefits to both the consumer and the manufacturer.
For consumers, rebates provide an opportunity to save money on their purchases. For manufacturers, rebates can be a useful tool for encouraging consumers to try new products, increasing sales, and building brand loyalty. Therefore, the given statement is true.
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sales discounts is a contra- revenue (expense/revenue/asset) account and is increased with a (debit/credit). need help? review these concept resources.
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Sales discounts is a contra-revenue account and is increased with a debit.
Sales discounts are deductions from a selling price granted by the seller to the buyer. When recording sales discounts in the accounting system, the contra-revenue account is debited and the accounts receivable is credited. The contra-revenue account is a credit account, so it is increased with a debit.
When a sales discount is granted, the original transaction for the sale is recorded at the full price of the item. Then, a separate transaction is recorded to the contra-revenue account to show the discount given.
This reduces the net sales amount in the income statement, which is why the contra-revenue account is considered a contra-revenue account.
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What are the three key points of artificial intelligence AI definition?
Answers
Artificial intelligence programming focuses on three cognitive skills: learning, reasoning and self-correction. This aspect of AI programming focuses on acquiring data and creating rules for how to turn the data into actionable information.
In evaluation to the intelligence exhibited with the aid of using animals and humans, synthetic intelligence (AI) refers back to the perception, synthesis, and inference of records accomplished with the aid of using computers. Speech recognition, pc vision, language translation, and different enter mappings are some examples of responsibilities in which that is done.
The several subfields of AI take a look at are targeted on unique targets and the usage of positive techniques. Reasoning, expertise representation, planning, learning, herbal language processing, sensing, and the ability to transport and control items are a number of the conventional targets of AI research.
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oligopolies are difficult to analyze because
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Sorry if it’s too complicated
Name the agency that is responsible for tracking changes in the composition of the U.S. labor force and forecasting employment trends Multiple Choice a. the National Statistics Association b. the Occupational Outlook Bureau c. the U.S. Census Bureau d. the Bureau of Economic Analysis e. the Bureau of Labor Statistics
Answers
Identify the organization in charge of keeping tabs on shifts in the make-up of the American work force and predicting employment patterns.
How do you define organization?
An organization is a group of people who collaborate. Examples include a business, a union, a nonprofit organization, or a neighborhood group. The term "organization" can be used to describe a person, a group, a company, or the process of producing something. Corporations, charities, political parties, and clubs are a few examples of organizations, which are defined as structured groups of individuals. The bulk of these specialty schools are offered by nonprofit organizations.
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Name TWO organisations which typically offer
loans to small businesses.
Answers
Answer:
Kabbage: Best Overall.
Fundbox: Best Revolving Line of Credit
Explanation:
For over 40 years, Golden Creamery has been mixing up fresh, gourmet ice cream for customers. The company originated in Dallas and now boasts stores in 35 states. The business has primarily expanded by selling franchises to qualified candidates. Golden Creamery executives realize that the firm's success depends upon the success of each franchise. In the past, each individual franchise owner determined the best method for screening applicants. However, as the firm grows, Golden Creamery executives want to standardize the hiring process by requiring all franchisees to use the same preemployment tests, Which of the following, if TRUE, supports the argument that Golden Creamery should require franchise owners to use the firm's preemployment tests?
A. Hourly employees at Golden Creamery stores typically remain with the company long enough to be promoted to management positions.
B. Golden Creamery uses a series of videos to train new hires as well as a mentoring program that has proven successful in the past.
C. Individuals interested in working at a Golden Creamery store can complete online applications on the firm's website
D. Annual turnover rates for hourly employees of Golden Creamery stores are three times the rate of comparable businesses.
Answers
Answer: D
Explanation: High turnover rates suggest that Golden Creamery has problems hiring the most appropriate employees, which supports the implementation of a testing program. If hourly workers remained at the firm for a long time, then that would suggest the firm's current hiring practices do not need to be modified.
1.) Capital budgeting is concerned with:
a.) managing a firm's cash budgeting procedures
b.) whether a company's assets should be financed with debt or equity
c.) planning sales of a corporation's equity capital
d.) what long-term investments a firm should undertake
2.) A "normal" yield curve is
a.) upward sloping
b.) downward sloping, then upward sloping
c.) downward sloping
d.) upward sloping, then downward sloping
Answers
Kirito (Real name Kirigaya Kazuto) is the main protagonist of the anime series Sword Art Online, based on the popular light novel series.
HURRY I NEED HELP!!!
Does globalization (or global trade) provide an opportunity to the world (positive), or does it take advantage of local individuals and cultures (negative)? Explain in a CREW format.
Interviewer: I am here on a very crowded Wall Street with protesters chanting all around me…
Group of Protesters: People before profits! People before profits! People before profits!
Interviewer: Many of these folks are against the growth of global free trade. They believe free trade is to blame for increases in poverty, income inequality (lots of rich and lots of poor), and environmental damage in recent decades. They claim that the elimination of tariffs and other barriers to trade have simply allowed large, multinational corporations to move into and exploit (take advantage of) developing nations, while hurting many U.S. workers and families, too.
Protester 1 (wearing a “No More Sweatshops” T-shirt): The extreme expansion of capitalism and free trade has allowed large, multinational companies to exploit developing countries, and especially their poorest citizens who are often forced to work for less than $1.00 day. Many of the factories set up by these big companies are sweatshops– dirty, dangerous, and the pay is awful. We are here protesting for a ‘living wage’ for all foreign employees of U.S. corporations.
Union representative: I’m tired of these large, unfeeling corporations sending our good paying manufacturing jobs overseas to some factory where workers make $1.50 an hour, instead of letting Americans have those jobs…That’s what’s happening in the textile industry, the steel industry, and the auto industry, too. These are industries that built America and now our jobs are going to China or Mexico...
Interviewer: The other side of this global debate–you might call them free-trade advocates– argues that opening up markets and international borders to free trade has had all kinds of benefits for developing nations, as well as the United States and other industrialized nations. They cite data showing increased life expectancy, increased literacy (ability to read and write), more political freedom, and a reduction in the proportion of people living on less than $1.00 per day in the developing nations.
Manager: Evidence shows that the number of people living on $1.00 per day or less has decreased by 50% in the last 20 years, which was a period of rapid world economic growth, largely because of international trade. And the percentage of people who are malnourished (Starving) has dropped from 56% in the 1960s to only 10% today. Again, during a period of global economic growth, fueled by trade. Look, our corporation has a factory in Vietnam. Last year our factory there paid 2 times the local wage. That was a big step up for those workers, and it made sense for us, too, because it meant we could get the most productive local workers.
Shopper: Let’s also look at all of the different product choices we have. I can go into the grocery store and find different types of food from all over the world. We are limited in what we can produce and grow here in America, so having global trade gives us so many more options.
C- Claim (Globalization provides an opportunity to people throughout the world [or] Globalization takes advantage of local individuals and cultures around the world.)
R- Reason (It provides the opportunity because… [Or] It takes advantage of others because…)
E- Evidence (insert a quote from the reading to prove your positive or negative side)
W- Warrant (This quote shows how globalization is positive/negative because… We should/shouldn’t continue to trade with other countries of the world because...)
Answers
Answer:
In general, globalization has been shown to increase the standard of living in developing countries, but some analysts warn that globalization can have a negative effect on local or emerging economies and individual workers. Globalization is not new.
Womack Toy Company’s stock is currently trading at $25 per share. The stock’s dividend is projected to increase at a constant rate of 7 percent per year. The required rate of return on the stock, ks, is 10 percent. What is the expected price of the stock 4 years from today?
Answers
Answer: $32.77
Explanation:
Given the following :
Current price of stock = $25
Growth rate of Dividend per annum= 7%
Required return on stock = 10%
Period = 4 years
Expected price of stock after 4 years can be calculated using the relation :
Current price × ( 1 + growth rate)^period
Expected price = $25(1 + 7%)^4
Expected price :
$25 × ( 1+ 0.07)^4 = $25 × (1.07)^4
= $25 × 1.31079601
= $32.76990025 = $32.77
Which of the 4 P's focuses on communicating the value proposition?
Answers
Answer: The marketing mix is most commonly executed through the 4 P's of marketing: Price, Product, Promotion, and Place.
Explanation:
create a filing system using alphabetical. The system must include:
. at least 5 folders
- a cross reference sheet
- an outguide/outsheet
Answers
An alphabetical filing system is a commonly used method for organizing and accessing paper documents.
The system is easy to use, cost-effective, and efficient. To set up an alphabetical filing system, follow these steps: Sort your documents by name or subject, using the first letter of each name or subject as the starting point. Create a set of alphabetical dividers or folders for each letter of the alphabet. Label each divider or folder with the corresponding letter of the alphabet. Place your documents in the appropriate folder based on the first letter of the name or subject. Create a cross-reference sheet that lists the contents of each folder or divider for easy reference. Use an outguide or outsheet to mark the location of documents that are checked out or in use, to prevent others from accessing them while they are being used. To maintain the system, periodically review the contents of each folder or divider, and update the cross-reference sheet accordingly. An alphabetical filing system is easy to use and allows for quick and efficient access to your documents. By creating a cross-reference sheet and using an outguide, you can further streamline the process and ensure that your documents are organized and accessible at all times.
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What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more
Answers
Answer:
Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
Explanation:
When shopping for your interview clothes, some trade-offs you face include: whether to get a job or not. choosing one brand of clothing over another. choosing one type of clothing over another. time and money that could be used on other things. The opportunity cost of buying new clothes is: time off from watching TV. the choice of what to wear. the choice of where to shop. money that could be spend elsewhere. The benefit of buying new clothes is: feeling better and having more confidence. learning about clothing options. being able to discard old clothes. finding the right sized clothing.
Answers
Answer:
time and money that could be used on other things
money that could be spend elsewhere.
feeling better and having more confidence
Explanation:
Trade off is the sacrifice that must be made in order to carry out a certain activity. By deciding to go shopping, i would be sacrificing time and money.
Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
The opportunity cost of buying new clothes is what I could have used the money to do instead
The benefits of buying new clothes are the advantages i would derive from owning the clothes
according to keynesian theory:question 18 options:the long-run and short-run aggregate supply curves are identical.the short run is relatively unimportant.a decrease in aggregate demand leads to decreases in output and prices in the short run.a decrease in aggregate demand will decrease prices but not output in the short run.
Answers
According to Keynesian theory, a decrease in aggregate demand leads to decreases in output and prices in the short run.
This is because the short run is a period of time where some prices, especially wages, are relatively inflexible, meaning that they do not adjust quickly to changes in demand. As a result, a decrease in aggregate demand will lead to a decrease in the quantity of goods and services produced, which will in turn lead to a decrease in prices. However, in the long run, all prices are assumed to be flexible and adjust to changes in demand, so the long-run aggregate supply curve is upward-sloping.
Therefore, it is not true that the long-run and short-run aggregate supply curves are identical. Additionally, the short run is not relatively unimportant, as it is a period of time where the economy may be stuck in a state of low output and high unemployment due to inflexible prices. Lastly, a decrease in aggregate demand will not only decrease prices but also output in the short run, as explained above.
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lolLloleoreniiwkv ibyuerw
Answers
I got this question on my quiz a few weeks ago and was wondering if anyone could explain the best/correct answer.
I'm currently leaning towards the last option, but I'm not sure.
Answers
Answer:
Easy it's B, this is because the rate at which we earn interest with only 1000$ does not keep up with the maintenance fee.
In B u get $1010 because of the interest after the first year,
In D u get $960 because if u get an annual interest of 2% from $1000 u get a total of $1020 but deduction from maintenance fee is $60 per year, Thus $1020-$60 = $960. Same explaination for the others as well.
Customers are naturally excited about make-to-stock, finish-to-order, make-to-order, and engineer-to-order. An operations and supply chain manager is far more interested in.
Answers
Customers are naturally excited about make-to-stock, finish-to-order, make-to-order, and engineer-to-order. An operations and supply chain manager are far more interested in the point in the supply chain at which customization occurs.
Supply chain management is the practice of coordinating the various activities necessary to provide and deliver goods and services to an enterprise's customers. Examples of supply chain sports can consist of designing, farming, production, packaging, or transporting.
There are four additives to a supply chain that should be considered an agile version: virtual integration, technique alignment, a community base, and market sensitivity. Virtual integration requires the business to track marketplace calls for modifications in actual time.
Even though the supply chain is a totally huge professional field, it has 7 primary purposeful areas: purchasing, production, inventory control, demand-making plans, Warehousing, Transportation, and customer service.
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What are some of the challenges the federal and state governments face in trying to implement a fair tax system?
Give at least three concrete facts to support your answer. (please don't copy other answers)
Answers
Answer:
taxation should follow the four principles of fairness, certainty, convenience and efficiency. Fairness, in that taxation should be compatible with taxpayers' conditions, including their ability to pay in line with personal and family needs.Tax administration must be free of corruption and able to address all the challenges that come its way. These challenges may involve tax collection, management of taxes and duties at borders, introduction of an effective Value Added Tax or sales tax, and administration of developing law. The primary purpose of a tax is to raise revenue for governmental activities, rather than to influence business and personal decisions. Economic growth and efficiency The tax system should not unduly impede or reduce the productive capacity of the economy.
Selma deposited a paycheck for $378. 42. She’ll use the check register to record her transaction. What will be her new balance? A checking account has a balance of 2636 dollars and 41 cents. $2,257. 99 $2,337. 06 $3,014. 83 $3,057. 31.
Answers
Answer:
$3,014. 83
Explanation:
So basically, just add the checking account balance to the amount she's depositing. So the equation should look like $378.42 + 2,636.41. Add it all up and you get $3,014.83
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Two firms are developing a product for a market of fixed size. The longer the firm spends on the development, the better the product is. But the firm releasing the product first has an advantage: a customer may not switch to a better product once got used to a worse one. We model the situation in the following way. A firm that releases first at time t gets h(t) share of the market, leaving the remainder to the competitor. We assume that h(t) is an increasing function of t with h(0) = 0 and h(T) = 1. If the firms release simultaneously, each gets half of the market. Represent this situation as a strategic game and find its Nash equilibria.
Answers
The Nash equilibrium of the strategic game is for both firms to release simultaneously at the start of the time period, with each firm obtaining a market share of 0.5.
To represent the situation as a strategic game, we can define the following:
Players: Two firms, Firm 1 and Firm 2.
Actions: Each firm chooses a release time, t, within a given time period.
Payoffs: The market share each firm obtains based on their release time.
Assumptions:
The longer a firm spends on development, the better the product and the higher the market share it obtains.
The firm that releases first has an advantage, as customers may not switch to a better product once they are used to a worse one.
The market size is fixed.
Now, let's define the payoffs for each firm:
Firm 1's Payoff:
If Firm 1 releases at time t and Firm 2 releases simultaneously or later, Firm 1's market share is h(t), and Firm 2's market share is 1 - h(t).
Firm 2's Payoff:
If Firm 2 releases at time t and Firm 1 releases simultaneously or later, Firm 2's market share is h(t), and Firm 1's market share is 1 - h(t).
If both firms release simultaneously, they each get half of the market, so their market shares are 0.5.
To find the Nash equilibria of this strategic game, we need to identify the release times for each firm that maximize their payoffs given the actions of the other firm.
Since h(t) is an increasing function of t, each firm would prefer to release earlier to maximize its market share. However, if one firm releases earlier than the other, it gains an advantage, so there is an incentive for both firms to release as early as possible.
Therefore, the Nash equilibrium of this strategic game is for both firms to release simultaneously at the beginning of the time period, where they each receive a market share of 0.5. This is the only stable outcome where neither firm has an incentive to deviate from their chosen action.
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