when materials are purchased in a process costing system, a work in process account is debited with the cost of the material

Answers

Answer 1

Yes, that's correct. In a process costing system, when materials are purchased, the Work in Process account is debited with the cost of the material.

About process costing system

In a process costing system, when materials are purchased, the cost of the material is debited to the Work in Process account.

This account represents the value of all work that is currently in process but not yet completed. When production is complete, the costs are transferred to the finished goods inventory account.

From there, they may be sold and the costs are then transferred to the cost of goods sold account.

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Related Questions

Jan and jamie are starting a nonprofit store. they plan to sell handmade scarves and jewelry. which basic economic question do they still need to answer? for whom to produce? how to produce? what to produce? why to produce?

Answers

The correct answer is 'for whom to produce?' Jan and Jamie still needs to answer the basic economic question 'for whom to produce?'

Due to the limited availability of resources, every community must allocate limited resources in order to satisfy human needs to the greatest extent possible. The allocation of resources brings up the central economic issue, or the central problem of the economy, which is the production, distribution, and disposal of products and services. This makes it easier to comprehend the goods or services the society needs (what to produce), how to make them (how to produce? ), and who will use them (for whom to produce).

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Politics is sort of like a game. And the best gamer is great at manipulating the rules.

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Politics is about making agreements between people so that they can live together in groups such as tribes, cities, or countries. In large groups, such as countries, some people may spend a lot of their time making such agreements.

To examine
the weekly payroll of all employees, one would look at the:

Answers

To examine the weekly payroll of all employees, one would look at the: d. payroll register.

What is the payroll register?

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

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(14%) Let A[1..n] be an array of n positive numbers. Entry A[i] represents the trading price of a stock X on the i-th day (and hence the numbers are ordered chronologically). Write an algorithm max-profit that returns a pair (a, b) such that if one buys stock X on the a-th day and sells it on the b-th day, the maximum profit is made. Give the time complexity of your algorithm in Big-O. Show the derivation of the complexity result.

Answers

To solve this problem, we can use a simple algorithm that iterates through the array and keeps track of the minimum price seen so far and the maximum profit.

The algorithm works as follows: Initialize variables: min_price = A[1], max_profit = 0, buy_day = 1, sell_day = 1. Iterate through the array A from the second element to the last: If A[i] < min_price, update min_price = A[i]. If A[i] - min_price > max_profit, update max_profit = A[i] - min_price, buy_day = index of min_price, sell_day = i. Return the pair (buy_day, sell_day). The time complexity of this algorithm is O(n), where n is the size of the array A. This is because we perform a single pass through the array, comparing and updating values in constant time for each element. Therefore, the algorithm has a linear time complexity.

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ROI stands for return on investment. It is the ratio of incremental profit from an activity over the cost of the activity times 100. If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, what is the ROI?

Answers

Answer:

66.7%

Explanation:

ROI stands for return on investment. It is the ratio of incremental profit from an activity over the cost of the activity times 100. If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.

What is  return on investment?

The return on investment estimates the loss and gain generated on the amount of money that is invested. The return on investment) is the percentage to analyze an organization’s profit or the earnings of different investment.

The return on investments estimates what we will receive back as compared to what we have  invested. It can be used by a company to estimate inventory investments, pricing policy, capital equipment investments, etc.

If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.

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nelson's metallurgy needs $1.36 million to fund an expansion project. the firm has decided to raise the funds through a negotiated offering. the terms of the offer include an offer price of $22.50 a share and an underwriting spread of 8.1 percent. how many shares must the firm sell in order to raise the funds it needs?

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Number of shares = $1,360,000 / (1 - .081) / $22.50 = 65,772, must the firm sell in order to raise the funds it needs.

What are shares ?A stock refers to a share of the capital of a company.In some companies, shares exist as  financial assets and surplus earnings can be distributed equally in the form of dividends. Shareholders of shares that do not pay dividends do not participate in profit sharing. Shares are called units of ownership that represent equal shares of a company's capital. One shares gives shareholders equal rights to company profits and losses. There are  two main types of shares: shares and preferred shares. The simplest way to buy stocks is by an online stockbroker.After opening and funding your account, you can start buying shares in minutes from your broker's website.

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Identify the market characteristics listed below with the appropriate market model. Pure Competition Monopolistic Competition Oligopoly Pure Monopoly c. A single firm produces a product with no close substitutes. a. A very large number of firms produce a standardized product. e. Individual firms are price takers, and firms can easily enter or exit the industry. f. There is significant nonprice competition, such as advertising, brand names, and trademarks, and entry into the industry is relatively easy b. Many firms produce differentiated products. g. There are a few firms, where each is affected by the actions of its rivals, and significant obstacles block entry of firms into the industry. d. A single firm has considerable control over price, and the entry of new firms into the industry is blocked.

Answers

The market characteristics listed below with the appropriate market model. Pure Competition Monopolistic Competition Oligopoly Pure Monopoly. these are, standardized product, Individual firms, and nonprice competition

a. A very large number of firms produce a standardized product - This characteristic is associated with Pure Competition.
b. Many firms produce differentiated products - This characteristic is associated with Monopolistic Competition.
c. A single firm produces a product with no close substitutes - This characteristic is associated with Pure Monopoly.
d. A single firm has considerable control over price, and the entry of new firms into the industry is blocked - This characteristic is associated with Pure Monopoly.
e. Individual firms are price takers, and firms can easily enter or exit the industry - This characteristic is associated with Pure Competition.
f. There is significant nonprice competition, such as advertising, brand names, and trademarks, and entry into the industry is relatively easy - This characteristic is associated with Monopolistic Competition
g. There are a few firms, where each is affected by the actions of its rivals, and significant obstacles block entry of firms into the industry - This characteristic is associated with Oligopoly.

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In class, Marcus is skilled at picking up main ideas and important details from his teachers' lectures. What is this called?

Answers

Answer:

This would observation, which is something most readers should be able to do

Explanation:

The manager of TruColor Printers Inc. has purchased a sophisticated printing press for $1 million. Which of the following statements is most likely to be true about the printing press? It will be depreciated over its useful life. It will undergo processing before it is used. It will be bought through retailers. It will be charged as an expense in the year it is bought.

Answers

The most likely statement to be true about the printing press purchased by the manager of TruColor Printers Inc. is: "It will be depreciated over its useful life."

When a company acquires a significant asset like a printing press, it is typically treated as a long-term investment. The cost of the printing press is not expensed entirely in the year of purchase but is spread out over its useful life through a process called depreciation. Depreciation represents the systematic allocation of the asset's cost over time to reflect its gradual wear and tear, obsolescence, or loss of value.

By depreciating the printing press, TruColor Printers Inc. can accurately reflect the economic benefit derived from the asset over its useful life. This approach aligns with generally accepted accounting principles (GAAP) and allows for more accurate financial reporting. Depreciation expenses are recorded on the income statement and reduce the company's taxable income, thus providing tax benefits.

The useful life of the printing press can vary depending on factors such as technological advancements, maintenance, and industry standards. Typically, the useful life is determined based on estimates and industry practices. The depreciation expense is calculated using methods such as straight-line depreciation, declining balance method, or units of production method.

It's important to note that the other statements mentioned in the options are less likely to be true in this context. The printing press, being a sophisticated equipment purchase, is not expected to undergo processing before use, nor is it typically bought through retailers. Additionally, it is not charged as an expense in the year it is bought, but rather, its cost is allocated over its useful life through the process of depreciation.

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in the hvacr trade tubing is joined together by what?

Answers

Answer:

Copper tubing is joined using flare connection, compression connection, pressed connection, or solder. Copper offers a high level of corrosion resistance but is becoming very costly.

i need a situation of family budgeting

Answers

Answer:

Do you mean methods to maintain family budget?

I think this is what u meant
i need a situation of family budgeting

managers who value consideration focus on all of the following, except multiple choice minimizing harmful conflict. mixing with employees. encouraging a positive workplace climate.

Answers

An emphasis on getting along with the staff is made by managers who appreciate the consideration. Here option B is the correct answer.

Managers who value consideration prioritize creating a positive and harmonious work environment for their employees. This includes minimizing harmful conflict by promoting effective communication and conflict resolution strategies. Additionally, they may encourage team-building activities and cultivate a sense of camaraderie among their staff to foster a positive workplace climate.

Mixing with employees can also be a valuable aspect of consideration, as it helps managers develop a better understanding of their team's needs and concerns. By interacting with employees on a regular basis, managers can gain valuable insights into how to improve workplace culture and ensure that their staff feels supported and valued.

However, there is no indication that managers who value consideration necessarily need to mix with their employees. While it can be beneficial, it is not a core aspect of consideration. Instead, managers who prioritize consideration focus on building strong relationships with their staff, promoting positive behaviors, and creating a culture of respect and collaboration.

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Complete question:

Managers who value consideration focus on all of the following, except multiple choice

A - minimizing harmful conflict.

B - mixing with employees.

C - encouraging a positive workplace climate.

to maximize its profit, in the short run a perfectly competitive firm decides

Answers

To maximize its profit in the short run, a perfectly competitive firm decides to produce the quantity of output where marginal cost equals marginal revenue.

In the short run, a perfectly competitive firm aims to maximize its profit by adjusting its level of output. The firm considers two important factors: marginal cost (MC) and marginal revenue (MR). Marginal cost refers to the additional cost incurred for producing one additional unit of output, while marginal revenue represents the additional revenue generated from selling one more unit of output.

To maximize profit, the firm determines the quantity of output at which marginal cost equals marginal revenue (MC = MR). At this point, the firm achieves allocative efficiency, where the additional cost of producing an extra unit is equal to the additional revenue earned from selling that unit. By producing at this level of output, the firm ensures that it is not overspending on production costs or missing out on potential revenue.

In a perfectly competitive market, firms are price takers, meaning they cannot influence the market price. Therefore, the optimal decision for profit maximization in the short run is to produce the quantity of output where MC equals MR, as it allows the firm to achieve the highest possible level of profit.

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To produce x units of a religious medal costs C(x)=18x+32. The revenue is R(x)=26x. Both cost and revenue are in dollars. a. Find the break-even quantity. b. Find the profit from 250 units. c. Find the number of units that must be produced for a profit of $80.

Answers

The number of units that must be produced for a profit of $80 is 14 units. To find the break-even quantity, we need to determine the point at which the revenue equals the cost. In other words, we need to find the value of x where R(x) = C(x).

Given:

Cost function: C(x) = 18x + 32

Revenue function: R(x) = 26x

a. Break-even quantity:

To find the break-even quantity, we set R(x) equal to C(x) and solve for x:

26x = 18x + 32

Simplifying the equation, we get:

8x = 32

Dividing both sides by 8, we find:

x = 4

Therefore, the break-even quantity is 4 units.

b. Profit from 250 units:

To find the profit from 250 units, we need to subtract the cost from the revenue at that quantity:

Revenue at 250 units: R(250) = 26 * 250

Cost at 250 units: C(250) = 18 * 250 + 32

Profit = Revenue - Cost

Profit = R(250) - C(250)

Calculate the revenue and cost at 250 units, and then subtract the cost from the revenue to find the profit.

c. Number of units for a profit of $80:

To find the number of units that must be produced for a profit of $80, we set the profit equation equal to $80 and solve for x:

Profit = R(x) - C(x)

$80 = 26x - (18x + 32)

Simplifying the equation, we get:

80 = 8x - 32

Adding 32 to both sides, we find:

112 = 8x

Dividing both sides by 8, we get:

x = 14

Therefore, the number of units that must be produced for a profit of $80 is 14 units.

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In the definition of the two good budget set, {(x1, x2) E Rp1x1 + p2x2 ≤m}; we argued that we could normalize the price of good 2 to be 1. (a) Express the budget set corresponding to p₁ = 7, P2= 3.5, and m = 10.5 in such a form. Draw this budget set. = (b) Repeat the above exercise for pi 8, P2= 2, and m = 12 and draw this budget set on the same axes. = 15, and (c) Repeat the above exercise for pi 10, P2 = 5, and m = draw this budget set also on the same axes.

Answers

(a) Budget set: (2/7)x₁ + x₂ ≤ 3. Draw a line starting from (0,3) with a slope of -(2/7).

(b) Budget set: (1/4)x₁ + x₂ ≤ 6. Draw a line starting from (0,6) with a slope of -(1/4).

(c) Budget set: (1/2)x₁ + x₂ ≤ 3. Draw a line starting from (0,3) with a slope of -(1/2).

(a) To communicate the spending plan set comparing to p₁ = 7, p₂ = 3.5, and m = 10.5 in the standardized structure, we partition the two sides of the spending plan limitation by p₂ (which is 3.5 for this situation) to get:

(x₁/3.5) + (x₂/1) ≤ 10.5/3.5

Working on the situation, we have: (2/7)x₁ + x₂ ≤ 3

This addresses the spending plan set in the standardized structure. To draw the spending plan set, we plot the x₁-x₂ plane. The spending plan set comprises of the relative multitude of attainable mixes of x₁ and x₂ that fulfill the given disparity.

It is a straight line with a capture of 3 on the x₂-hub and an incline of - (2/7) (negative on the grounds that the coefficient of x₁ is negative). The line begins from the point (0,3) and reaches out towards the negative x₁ bearing.

(b) For p₁ = 8, p₂ = 2, and m = 12, the standardized spending plan set is:(x₁/8) + (x₂/2) ≤ 12/2. Disentangling, we get: (1/4)x₁ + x₂ ≤ 6

The comparing spending plan set is one more straight line with a block of 6 on the x₂-hub and an incline of - (1/4). It begins from the point (0,6) and reaches out towards the negative x₁ heading.

(c) For p₁ = 10, p₂ = 5, and m = 15, the standardized financial plan set is:

(x₁/10) + (x₂/5) ≤ 15/5. Disentangling, we have: (1/2)x₁ + x₂ ≤ 3

The spending plan set is a straight line with a block of 3 on the x₂-hub and an incline of - (1/2). It begins from the point (0,3) and reaches out towards the negative x₁ heading.

To draw these spending plan sets on similar tomahawks, plot the x₁-x₂ plane and define every one of the three boundaries addressing the spending plan sets.

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when trust and cooperation are important, ______ ties are the best to use.

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When trust and cooperation are important, strong ties are the best to use. Strong ties refer to close relationships between individuals or groups, often characterized by frequent communication, shared experiences, and mutual understanding.

These connections foster trust because the parties involved have a history of positive interactions and a greater likelihood of maintaining their commitments. Cooperation is also enhanced in strong ties due to the higher levels of empathy, understanding, and support that exist within these relationships. In contrast, weak ties may not provide the same level of trust and cooperation, as they are typically more casual and less consistent. Therefore, relying on strong ties is essential when trust and cooperation are vital for success.

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Trisha wishes that she and Bo could become better friends. This is an example of an economic want

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The statement that Trisha wishes that she and Bo could become better friends and this is an economic want is FALSE.

What are economic wants?

An economic want refers to one that has to do with satisfying a want or a need by using products, services, or a leisure activity. In order words, economic wants can only be satiated by the person consuming something that is either tangible or intangible.

Another way to describe an economic want is that it is something that can only be satisfied if a person spends money on it.

Trisha wants to be better friends with Bo and this is a want that cannot be satisfied by Trisha consuming something. It is a want that needs to be worked on for it to come to pass. This means that this want is a noneconomic want.

In conclusion, this is not an economic want.

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A large farm wants to try out a new type of fertilizer to evaluate whether it will improve the farm's corn production. the land is broken into plots that produce an average of 1,215 pounds of corn with a standard deviation of 94 pounds per plot. the owner is interested in detecting any average difference of at least 40 pounds per plot. how many plots of land would be needed for the experiment if the desired power level is 90%

Answers

Answer:

sample size, n = 116 land plots  

Explanation:

n = sample size = (confidence level² · standard deviation²) / standard error²

assuming that we want a two tailed bell curve, z = 0.1 / 2 = 0.5, so z score = 1.645standard deviation = 94 poundsstandard error = 14.35

n = (1.645² · 94²) / 14.35² = 23,910.4369 / 205.953 = 116.1 ≈ 116 land plots

Which type of research did April Bell recommend for companies with a limited research budget?

Answers

Secondary............

If the present value annuity factor is 3.8896, what is the present value annuity factor for an equivalent annuity due if the interest rate is 9 percent?
A. 3.5684
B. 4.2397
C. 3.8896
D. 5.3127

Answers

The present value annuity factor (PVAF) for an equivalent annuity due is a financial calculation used to determine the present value of a series of equal cash flows received at the end of each period, taking into account the time value of money and a discount rate.

The present value annuity factor for an equivalent annuity due can be found using the following formula:

PVAF(annuity due) = PVAF(ordinary annuity) / (1 + r)

Where PVAF(ordinary annuity) is the present value annuity factor for an ordinary annuity, and r is the interest rate.

Given that the present value annuity factor for an ordinary annuity is 3.8896 and the interest rate is 9 percent, the present value annuity factor for an equivalent annuity due can be calculated as follows:

PVAF(annuity due) = 3.8896 / (1 + 0.09)

PVAF(annuity due) = 3.8896 / 1.09

PVAF(annuity due) = 4.2397

Therefore, the present value annuity factor for an equivalent annuity due is 4.2397.

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NEED HELP! ASAP! INSURANCE??

Its about Risk Pooling, they give me a scenario about someone leading men into war in ancient Rome.

Here is the information the centurion has given to you:

• He commands 10 units, made up of 10 men each.

• The yearly salary of his men is 225 denarii (silver coins).

• The fund ONLY provides support for the families of soldiers who were killed in battle or who died of their battle wounds.

• Based on army records for the last 10 years, the legion will lose about 5% of its men each year; 2% from battle wounds and 3% from illnesses unrelated to battle.

• These records reflect that this legion has been located far from front lines of battle for several years. An average burial for a soldier costs 50 denarii.

* Remember, troops are expected to contribute to a fund that would pay each soldier’s burial expenses and help support the family for two years following the soldier’s death in battle.

1. How many TOTAL men does the group lose per year in this scenario?

2. How many of those men are covered under the requirement?

3. In any given year, how much TOTAL money do the men have to place in the fund to cover the burials AND two years of lost income for their fellow warriors who will die in battle?

4. How much does each soldier have to put into the fund each year?

5. What do you think would happen to these numbers if the Legion was called to the front lines? What does this do to the risk pool?

Answers

The answers to the question on risk pooling are:

1. The total number of men the group loses per year is 5.

2. The number of men covered under the requirement is 2.

3. The total money needed to be placed  in the fund to cover the burials in  and two years of lost income for their fellow warriors who will die in battle is 650 denarii.

4. Each soldier need to to put 22.5 denarii each year into the fund.

5. If  the Legion was called to the front lines , the total number of men lost would increase, and more money would be needed in the risk pool.

A "risk pool" is a type of risk management practiced mostly by insurance companies, which pool their resources to protect themselves against catastrophic hazards such as floods or earthquakes.

By pooling risks, the greater expenses of the less healthy can be mitigated by the relatively lower costs of the healthy, either in the overall plan or within a premium rating group.

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what are two resources within you that are important when choosing a career you would like

Answers

Answer:

Your happiness


education and training


social environment

Explanation:

Blue fin started the current year with assets of $716,000, liabilities of $358,000 and common stock of $216,000. during the current year, assets increased by $416,000, liabilities decreased by $58,000 and common stock increased by $291,000. there was no payment of dividends to owners during the year. what was the amount of blue fin's change in total stockholders' equity during the year

Answers

The amount of blue fin's change in total stockholders' equity during the year is: $474,000.

Change  in total stockholders' equity

Change in Assets = Change in Liabilities + Change in Stockholders' Equity

Change in Stockholders' Equity = Change in Assets − Change in Liabilities

Change in Stockholders' Equity = $416,000 − ($58,000)

Change in Stockholders' Equity =$416,000 + $58,000

Change in Stockholders' Equity = $474,000

Therefore the amount of blue fin's change in total stockholders' equity during the year is: $474,000.

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Computers that print magazines are examples of a land b labor c capital d entrepreneurship

Answers

Answer:

Computers that print magazines are examples of capital.

Part 2 of this assignment is to draw the bidirectional relationships between the service delivery organization, its supplier, and the customer. Use Figure 9.3, "Service Supply Bidirectional Relationships," on p. 250 as a guide to complete this part of the assignment. Make sure to provide details around these drawings that explain what is happening in each of the components and
how the components are interrelated. Include your perspective of operations management in the modern economy and how
a Christian worldview affects organizational decision-making. How might a Christian worldview be used to assist in the strategic and operational analysis discussed in this paper?

Answers

Service Delivery Organization (SDO), Supplier, and Customer are the three components of service supply bidirectional relationships. Each of the components and their interrelationships should be explained in detail through these drawings.

Christianity has had a significant impact on the modern world's economy. It has a profound influence on how firms make decisions. Companies can utilize a Christian worldview as a guide for strategic and operational decision-making. Christian worldview can be used to aid in the strategic and operational analysis discussed in this paper in the following ways: Christians believe that honesty, faithfulness, and fairness are critical aspects of any relationship, including a business relationship. Organizations that are based on biblical principles are more likely to build a foundation of trust and confidence with their customers than those that are not. They must act ethically, with honesty, integrity, and a commitment to doing what is right to build and maintain this trust and respect. A Christian worldview may assist companies in prioritizing ethics and morals when making strategic and operational decisions. For example, Christian values might lead a business to prioritize customer service over profit margins, or to make decisions that benefit the greater community rather than solely the organization's shareholders. By placing ethical standards at the forefront of their decision-making, firms can develop long-term relationships with customers and suppliers based on trust and mutual respect.

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help quick!

According to the video, which qualities do Insurance Underwriters need? Check all that apply.
O communication skills
O customer service skills
Ocomputer skills
Oknowledge of sales strategies
Oan outgoing attitude
O a background in finance

Answers

Answer: 1 3 6 or A C F

Explanation:

I just did it on the edge

Answer:

ACF

Explanation:

got it correct on Edge 2020

A state licensing fee on sales of medical devices causes the supply curve for one type of device to shift from S1 (without the fee) to S2 (with the fee). The fee is based on number of units sold and therefore works like a per-item tax paid by sellers. Use the area tool to draw the area representing the state's monthly revenue from the licensing fee for this one type of device.

Answers

Answer: hello your question is incomplete attached below is the complete question

answer ; Government revenue from tax = $750,000 per month

Explanation:

Attached below is the required graph

Government revenue from tax ( per month )

= ( 450 - 30 ) ( 50 - 0 )

= $750,000 per month

A state licensing fee on sales of medical devices causes the supply curve for one type of device to shift
A state licensing fee on sales of medical devices causes the supply curve for one type of device to shift
A state licensing fee on sales of medical devices causes the supply curve for one type of device to shift

How does the exchange rate method of comparing incomes differ from the purchasing power method of comparing incomes?
The purchasing power parity uses the balance of payments account to explain differences in currency value, while the exchange rate method compares the relative sizes of the two country's money supply.
The exchange rate method compares incomes by looking at the domestic purchasing power of money in different countries, while the purchasing power method uses rates of inflation to explain differences in currency value.
The purchasing power method adjusts the incomes in different countries by looking at the domestic cost of living in each country.
The exchange rate method uses the balance of payments account to explain differences in currency value, while the purchasing power method compares the relative sizes of the two country's money supply

Answers

The exchange rate method of comparing incomes differs from the purchasing power method of comparing incomes is that the exchange rate method compares incomes by looking at the domestic purchasing power of money in different countries, while the purchasing power method adjusts the incomes in different countries by looking at the domestic cost of living in each country.

It is important to note that the exchange rate method is based on the exchange rate between two currencies, which is the price at which one currency can be exchanged for another. This method compares the value of one currency to another in terms of the goods and services that can be purchased with it. For example, if the exchange rate between the US dollar and the British pound is 1:0.75, then one US dollar can buy 0.75 British pounds worth of goods and services.

On the other hand, the purchasing power method of comparing incomes takes into account the differences in the cost of living between countries. This method adjusts the incomes in different countries to reflect the amount of goods and services that can be purchased with that income. For example, if the cost of living in the US is higher than the cost of living in Mexico, then the purchasing power of a dollar in the US is lower than the purchasing power of a dollar in Mexico.

In summary, while the exchange rate method compares the relative sizes of the two country's money supply, the purchasing power method uses rates of inflation to explain differences in currency value. Additionally, the exchange rate method compares incomes by looking at the domestic purchasing power of money in different countries, while the purchasing power method adjusts the incomes in different countries by looking at the domestic cost of living in each country.

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Sirius Cybernetics Corp. produces touch-enabled wearable devices. Its research and development team recently became aware of a new, open-source technology produced by a firm overseas that would improve the processing speed and battery life of all Sirius Cybernetics devices. In this scenario, Sirius Cybernetics would be best served to embrace
A. open innovation.
B. closed innovation.
C. disruptive innovation.
D. radical innovation.

Answers

In the given situation, Sirius Cybernetics should be best served as the open innovation.

The information related to open innovation should be as follows:

The motive of using the inflows and outflow of the knowledge in order to accelerate internal innovation.It is also be used for diversifying the market for innovation purposes.It is for promotion purposes with respect to innovation & the awareness of the new and open technology source.

It cannot be a closed innovation, disruptive innovation, and radical innovation.

Therefore we can conclude that Sirius Cybernetics should be best served as open innovation.

Learn more about the innovation here: brainly.com/question/1008019

A firm is operating in the United States with only two other competitors in the industry. It is likely this industry would be characterized as:a. monopolistically competitive.b. pure monopoly.c. perfectly competitive.d. oligopoly.

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A firm is operating in the United States with only two other competitors in the industry. It is likely this industry would be characterized as an oligopoly. The Option D is correct.

What is an oligopoly?

An oligopoly refers to a market structure in which a market or industry is dominated by a small number of large producers. Its often result from the desire to maximize profits which can lead to collusion between companies which reduces competition, increases prices for consumers, and lowers wages for employees.

Many industries that are called oligopolistic includes civil aviation, electricity providers, the telecommunications sector, Rail freight markets etc.

Read more about oligopoly

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