Hudson Company purchased $30,000 factory equipment on January 1, 2028. At the end of 2030, the company reported $18,000 of accumulated depreciation which included $6,000 of 2030 depreciation expense. On January 1, 2031, Hudson Company sells the factory equipment for $10,000 cash. Which of the following journal entries would Hudson Company record on January 1, 2031?
Group of answer choices
O Debit to Loss on Disposal of Fixed Assets $2,000
O Credit to Cash $10,000
O Credit to Accumulated Depreciation $18,000
O Credit Gain on Disposal of Fixed Assets $2,000
O Debit to Equipment $30,000
Answers
On January 1, 2031, Hudson Company would record the following journal entries:
1. Debit to Cash $10,000
2. Debit to Accumulated Depreciation $18,000
3. Debit to Loss on Disposal of Fixed Assets $2,000
4. Credit to Equipment $30,000
To record the sale of the factory equipment, we need to follow these steps:
Step 1: Debit Cash for the cash received from the sale, which is $10,000.
Step 2: Debit Accumulated Depreciation to remove the accumulated depreciation associated with the equipment. In this case, it is $18,000.
Step 3: Credit the Equipment account to remove the original cost of the equipment. Here, the original cost is $30,000.
Step 4: Determine if there is a gain or loss on the disposal of the equipment.
To do this, calculate the book value of the equipment by subtracting the accumulated depreciation from the original cost ($30,000 - $18,000 = $12,000).
Compare the book value to the cash received from the sale ($12,000 vs. $10,000). Since the cash received is lower than the book value, there is a loss on disposal of $2,000. Debit Loss on Disposal of Fixed Assets for this amount.
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Related Questions
negative impact of the coronavirus as one of the socio-economic issue on businesses
Answers
Answer:
Explanation:
Tye negative impact of the coronavirus is that:
1. Unemployment: A negative effect of the virus is the increase in unemployment. Since, people were informed to stay at home, this hindered people from performing their normal activities. Since there was less money in circulation, this led to loss of jobs.
2. Pressure on Health and medical systems: Due to the spread of the virus, there were pressures on hospitals, clinics etc.
3. Negative effect on economic growth. There was a decrease in the demand of goods and services which in turn, had a negative effect on economic growth.
4. Deaths
Which basic economic goals can be achieved easily in a traditional economy? Which cannot? Explain.
Answers
Answer:
Economy Equity (can)
economic growth (can't)
economic security (can't)
economic efficiency (can't)
Economy equity can be achieved easily in traditional economy as people work for entire community.
Goals of economic growth , economic security and economic efficiency are not achieved as there is no variety , and very less innovation.
the provision that sets forth the basic agreement between the insurer and the insured
Answers
The provision that sets forth the basic agreement between the insurer and the insured is commonly known as the "policy language" or the "insurance policy."
This document outlines the terms and conditions of the insurance contract, including coverage limits, premiums, deductibles, and exclusions. It is a legal contract between the insured and the insurer that establishes the obligations and responsibilities of both parties. The policy language can vary depending on the type of insurance coverage and the specific insurance company, but it is important for insured individuals to carefully review and understand the policy before signing or making a claim. The insurance policy is a foundational document that establishes the parameters of the insurance agreement. It outlines the rights and obligations of the insured and insurer, and establishes the conditions under which the insurer will provide coverage.
This provision establishes the promises made by the insurer and the risks they agree to cover, as well as the responsibilities of the insured party, such as paying premiums and meeting specific conditions to maintain coverage.
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PLEASE SEND HELP ASAP
Planning for regional natural disasters at work is _______.
a.
good practice
b.
unnecessary
c.
too cautious
d.
unsafe
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A. good practice
Explanation:
planning for these disasters can help reduce damage,injuries,even death.
Answer:
A
Explanation:
Just in case something were to happen it would be good to know where to go and what to do. It can prevent deaths and injuries if the real thing were to happen.
The top consumer complaint about bananas is how soon they start getting brown spots. Dole, a multinational agricultural company, most likely set ________ goal when it recently began adding stickers to bananas to promote the use of overripe bananas in the Yonanas machine (Dole owns 30 percent of the firm) to make a creamy, guilt-free dessert
Answers
The top purchaser's grievance about bananas is how quickly they begin getting brown spots. Dole, a multinational agricultural company, most likely set a customer satisfaction goal when it recently began adding stickers to bananas to promote the use of overripe bananas in the Yonanas gadget (Dole owns 30 percent of the company) to make a creamy, guilt-unfastened dessert.
A consumer refers to an individual or organization that purchases goods or services for personal or commercial use. Consumers are the end-users of products or services and are an essential component of any business's success. Understanding consumer behavior, preferences, and needs is critical for companies to develop successful marketing strategies and design products that meet their customers' demands.
Consumer behavior is influenced by a range of factors, including personal preferences, cultural values, social norms, economic conditions, and marketing messages. Companies must invest in market research to gain insight into consumer preferences and needs and tailor their products and marketing strategies to meet these demands.
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Suppose the equilibrium price of a product is $500 but the product currently sells for $200 above this equilibrium price. Who benefits from the price being set above the equilibrium price?
Answers
Producers who can sell the product benefit gets benefited from the price being set above the equilibrium price.
A price that balances supply and demand for a product. The market is in equilibrium when the major indices are going through a period of correction or sideways movement, indicating that the forces of demand and supply are essentially equal.
According to economists, prices often fluctuate around equilibrium levels. Market forces encourage sellers to go into production and increase production if prices rise too high.If prices are too low, more bidders will bid higher. Over time, these actions maintain a relative equilibrium level.
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After the price floor is instituted, the Chairman of Productions Office buys up any barrels of gosum berries that the producers are not able to sell. With the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. How much producer surplus is created with the price floor? Show your calculations.
Answers
Answer:24,500 ; 28,000
Explanation:
Given the following :
Amount produced per month = 700 barrels
Amount sold by producers per month = 300 barrels
Price floor = $70
Producer surplus created with the price floor:
Producer surplus can be calculated thus :
Production amount × ( price difference) / 2, that is
Price difference = floor price - low price
Price difference = $70 - $0 = $70
700 × $70/2
700 × $35
$24500
If the chairman buys barrels producers aren't able to sell, the amount of gosum berries purchased by the chairman equals ;
(700 - 300) = 400
Amount spent by chairman =
Amount of gosum berries purchased × price floor
= 400 × $70 = $28,000
The producer surplus is created with the price floor is $24,500
The calculation is as follows:
Producer surplus = 1/2 ×(price floor - vertical intercept of supply curve ) × quantity produced by sellers
= 1/2 × (70-0)× 700
= $24,500
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ou are given the following data tables:
Employees(EmployeeID, LastName, FirstName, BirthDate, Notes)
Orders(OrderID, CustomerID, EmployeeID, OrderDate, ProductID, UnitPrice, Quantity, ShipperID)
Note that:
The data type of "LastName", "FirstName", and "Notes" is string.
The data type of "OrderID", "ProductID", "UnitPrice", "Quantity", "CustomerID", "EmployeeID" ,and "ShipperID" is number.
The data type of "BirthDate" and "OrderDate" is date.
"EmployeeID" in relation "Orders" represents the single employee who handles this order, and it is a foreign key that references "EmployeeID" in relation "Employees".
Each order contains only a single type of product with a positive quantity.
Question: Find all orders where the shipper ID of the order is gr
Answers
Based on the given data tables, if you want to find all orders where the shipper ID of the order is "gr," you would need to query the "Orders" table using the appropriate filter condition.
SELECT *
FROM Orders
WHERE ShipperID = 'gr';
This query selects all columns ("*") from the "Orders" table and applies a filter condition to retrieve only the rows where the shipper ID is "gr." Please note that the query assumes the shipper ID values are stored as strings, based on the given data type of "ShipperID" being a string. Adjust the query accordingly if the actual data type of "ShipperID" is different. the given data tables, if you want to find all orders where the shipper ID of the order is "gr," you would need to query the "Orders" table using the appropriate filter condition.
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The American Labor movement was considered radical compared to what was happening in Europe. true or false
Answers
Answer:
true took the test brainliest please
In the janitorial service industry do cleaning products have nonprice competition?
Answers
Answer:
Yes
Explanation:
Non-price competition involves marketing a company's products and services using other strategies except lowering of price. These other strategies may include free gifts, discount coupons, unique selling points, product enhancement, customer service, packaging, and many others.
The janitorial service industry involves cleaning of internal and exteriors of buildings. There various companies supplying cleaning products such as detergents and disinfectants. The industry has stiff competition based on non-price parameters such as quality, packaging, flavors, and after-sale service.
1. A complete income statement potentially has the following sections: (1 point)
a. Items from continuing operations and earnings per share for a corporation.
b. Income or loss from operating a discontinued segment for the current period.
c. The loss from disposing of the discontinued segment's net assets.
d. Extraordinary items.
e. Continuing operations, discontinued segments, extraordinary items, changes in accounting principles, and earnings per share for a corporation.
2.Phoenix Company reported sales of $400,000 for 2009, $450,000 for 2010, and $500,000 for 2011. Using 2009 as the base year, what were the percentage increases for 2010 and 2011 compared to the base year? (1 point)
a. 80% for 2010 and 90% for 2011.
b. 88% for 2010 and 80% for 2011.
c. 88% for 2010 and 90% for 2011.
d. 112.5% for 2010 and 125% for 2011.
e. 125% for 2010 and 112.5% for 2011.
3.Comparative financial statements in which each amount is expressed as a percentage of a base amount are called: (1 point)
a. Asset comparative statements.
b. Percentage comparative statements.
c. Common-size comparative statements.
d. Sales comparative statements.
e. General-purpose financial statements.
Answers
The following elements could be seen in a complete income statement: income or loss from operating a discontinued segment for the current quarter.
What exactly does "income statement" mean?One of the three key financial statements that reflects a company's financial performance over a certain accounting period is the income statement.One of a company's financial accounts, an income statement or profit and loss account, lists the company's revenues and costs for a specific time period. It describes the process through which revenues are converted into net income or net profit.
What additional queries have answers?112.5% for 2010 and 125% for 2011 are the percentage increase.
Common-size comparative financial statements are comparative financial statements where each number is expressed as a percentage of a base amount.
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which of these is an example of a single product with multiple market segments?a. Reebok makes tennis shoes, running shoes, walking shoes, and Weeboks.b. Reach Toothbrush is available in a soft, medium, and hard bristle for adults and kids.c. Twinings and Bigelow both market their own brands of Earl Grey tea.d. Botox is a drug marketed to some groups as a way to reduce signs of aging on the face, and to others as a treatment for migraines.e. Quaker Oats oatmeal sells both its hot cereals and cold cereals to people of all ages.
Answers
Tennis shoes, running shoes, walking shoes, and Weeboks are all produced by Reebok. For both adults and children, Reach toothbrushes are available with soft, medium, and hard bristles.
Describe a produce example?
Fruits, vegetables, grains, oats, and other items grown on farms are all collectively referred to as "produce." Produce also includes meats, grains, and other items like oats. To be more precise, the word "produce" frequently denotes goods that are in their original state and are generally fresh. Producing something, especially something to sell means making it or growing it. Exportable commodities are made in the factory. For grain production, they utilise all of the land.
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How much annual income would you need to have if, using the 28/36 ratio, your maximum allowable recurring debt is $380? a. $16,290 b. $22,800 c. $57,000 d. $75,000.
Answers
Answer:
C
Explanation:
If your maximum permissible recurrent debt was $57,000, and you used the 28/36 ratio. thus option (C) is correct
What is debt?Debt can be defined simply as the amount owed by the borrower to the lender. A debt is a quantity of money borrowed for a set period of time and must be repaid together with interest. The amount as well as the approval of the debt are determined by the borrower's
creditworthiness. Debt is an obligation that forces one party, the debtor, to pay another party, the creditor, money, or other agreed-upon value. Debt is a delayed payment, or series of payments, as opposed to an immediate purchase. A sovereign state or country, a local government, a firm, or an individual may owe the obligation. Commercial debt is typically subject to contractual provisions governing the amount and timing of principal and interest repayments.
Therefore, thus option (C) is correct
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What is the basis of the law of demand?
Group of answer choices
Self-interested behavior
Marginal utility
Utility curves
Market timing
Answers
market timing
Explanation:
because that way u wont miss customers
Tom is the CEO of a jewelry business based in Boston. He needs to send a parcel of 200 diamonds as quickly as possible to a partner in Canada. What mode of transport should he use?
A.
road
B.
sea
C.
air
D.
rail
E.
rail and road
Answers
Gracie co. Has current assets of $32,000, long-term assets of $58,000, current liabilities of $14,000, and long-term liabilities of $20,000. Calculate stockholders’ equity.
Answers
The equity of the stockholders will be $56,000.
What exactly is stockholder equity?
Stockholders' equity, also known as shareholders' or owners' equity, is the number of assets accessible to shareholders after all liabilities have been paid. It is measured as a firm's total assets less total liabilities, or as the sum of share capital and retained earnings less treasury shares.
Stockholders' equity may include common stock, paid-in capital, retained earnings, and treasury stock. Stockholders' equity can be used to evaluate the cash held by a company. If this value is negative, it may signal that the company is about to declare bankruptcy, especially if it has a substantial debt load.
Calculation:
Gracie Co. has $32,000 in current assets, $58,000 in long-term assets, $14,000 in current liabilities, and $20,000 in long-term liabilities. Determine the equity of investors.
32,000 + 58,000 = 90,000 in assets
14,000 liabilities = 20,000 liabilities = 34,000 liabilities
Liabilities plus stockholder equity equals assets.
or:
Stockholder equity equals assets minus liabilities.
90,000 - 34,000 = shareholder equity
$56,000 in shareholder equity.
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The number of minorities in the workforce is _____. a. diminishing b. increasing c. unchanging d. decreasing
Answers
Answer:
Option b (increasing) is the correct choice.
Explanation:
Business owners may use statistics on either the minority race demographic to select a representative sample of about there workers with either the aspects of the brand living nearby. The population group query has also been used to obtain a depend on a number element.The remaining three options are not relevant to the situation in question. It should be the correct solution to the above.
Answer:
it is b
Explanation:
hope this helps
CAN SOMEONE PLS HELP ME!!
Aspirin is one of the most widely used drugs in the world. Although many companies make and sell aspirin, all aspirin is pretty much the same. Because aspirin is a drug, the government has some control over companies that make it.
Is this an example of perfect competition? Why or why not?
Answers
Answer:
Yes
Explanation:
Because multiple companies are fighting over who will buy theirs even thought there all the same plz mark me Bg brain
It is an example of perfect competition because the many companies are the involved they make and sell aspirin.
What is perfect competition?The competition of the market type is the perfect competition. Because there is less competition in the market, consumers have more options for products from various brands. The result is ultimately more competitive pricing and brings a cheaper product to the consumer.
The market is the based of the consumer demand and preferences. The perfect competition was the based of the so many brands are to exist in the market. The price are the increased the consumer are the shift to another goods and services. The example of the aspirin is drug in the world are the sell and make aspirin, the companies are the fighting to the sale in the market.
As a result, the example of the perfect competition.
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Rand Medical manufactures lithotripters. Lithotripsy uses shock waves instead of surgery to eliminate kidney stones. Physicians’ Leasing purchased a lithotripter from Rand for $2,660,000 and leased it to Mid-South Urologists Group, Inc., on January 1, 2021. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Lease Description: Quarterly lease payments $ 159,487—beginning of each period Lease term 5 years (20 quarters) No residual value; no purchase option Economic life of lithotripter 5 years Implicit interest rate and lessee's incremental borrowing rate 8% Fair value of asset $ 2,660,000 Required:
1. How should this lease be classified by Mid-South Urologists Group and by Physicians' Leasing?
2. Prepare appropriate entries for both Mid-South Urologists Group and Physicians' Leasing from the beginning of the lease through the second rental payment on April 1, 2021. Adjusting entries are recorded at the end of each fiscal year (December 31).
3. Assume Mid-South Urologists Group leased the lithotripter directly from the manufacturer, Rand Medical, which produced the machine at a cost of $2.3 million. Prepare appropriate entries for Rand Medical from the beginning of the lease through the second lease payment on April 1, 2021.
Answers
Classification of Lease: Mid-South Urologists Group: The lease should be classified as an operating lease for Mid-South Urologists Group.
This is because the lease term (5 years) is less than 75% of the economic life of the lithotripter (also 5 years), there is no transfer of ownership or purchase option, and the present value of lease payments does not exceed the fair value of the asset.
Physicians' Leasing: Physicians' Leasing should classify the lease as a finance lease.
This is because they are the lessor and will receive substantially all the benefits and risks associated with the ownership of the lithotripter.
Additionally, there is no transfer of ownership or purchase option, and the lease term is for the major part of the economic life of the asset.
Entries for Mid-South Urologists Group:
January 1, 2021:
Lease Receivable (PV of lease payments) $2,660,000
Lease Liability (PV of lease payments) $2,660,000
April 1, 2021:
Lease Expense $159,487
Cash (Payment made) $159,487
December 31, 2021 (Adjusting Entry):
Lease Expense $159,487
Lease Liability (Accrued interest) $10,640
Interest Expense $10,640
Entries for Rand Medical:
January 1, 2021:
Lease Receivable (PV of lease payments) $2,660,000
Lease Liability (PV of lease payments) $2,660,000
April 1, 2021:
Lease Receivable (Payment received) $159,487
Cash $159,487
No adjusting entries are required for Rand Medical since they are not the lessee and do not have an ongoing interest in the lease.
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In which type of economy is a business owner most likely to benefit from free enterprise?
A.Traditional Economy
B.Mixed Economy
C.Market Economy
D.Command Economy
Answers
A manager and an employee were having an animated argument. The manager was gesturing at the employee with his left hand in which he was holding a pen. Out of anger, the employee swung at the pen, intending to knock the pen out of the manager's hand. The pen flew through the air and hit an office assistant, who was walking by at the time.
If the office assistant sues the employee, who will prevail?
A. The employee, because he did not intend to touch the office assistant.
B. The office assistant, unless a reasonable person in the employee's position would not expect the pen to strike another.
C. The employee, but only if the office assistant's presence was unforeseeable.
D. The office assistant, because the employee intended to touch the pen.
Answers
The office assistant is likely to prevail in a lawsuit against the employee, as the employee's action of swinging at the pen resulted in the pen hitting the office assistant.
In this scenario, the employee's action of swinging at the pen, even if intended to knock it out of the manager's hand, resulted in the pen flying through the air and striking the office assistant. This constitutes an unintentional or accidental act that caused harm to another person.
Option D (The office assistant, because the employee intended to touch the pen) is incorrect because the employee's intention was to knock the pen out of the manager's hand, not to directly touch or harm the office assistant.
Option A (The employee, because he did not intend to touch the office assistant) is also incorrect because intention does not absolve liability when an individual's actions result in harm to another person.
Option C (The employee, but only if the office assistant's presence was unforeseeable) is not a likely outcome as the office assistant's presence in an office environment would typically be considered foreseeable.
In this situation, the office assistant is likely to prevail in a lawsuit against the employee due to the employee's action causing harm to the office assistant, even though the employee's intention was not directly aimed at the office assistant.
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THIS IS TIMED!!
Which tasks are typical for someone working in Buying and Merchandising? Select all that apply.
a. analyzing a product's supply chain
b. setting up products on shelves, displays, and storage areas
c. hiring, training, and supervising workers
d. analyzing customers' needs and problems, and identifying solutions
e. arranging news media interviews
f. packing products for customers to take out
g. writing press releases and delivering speeches to groups of people
Answers
Answer:
I think B,D,E
Explanation:
Typical Buying and Merchandising activities include hiring, training, and overseeing employees, assessing consumers' wants and issues, developing solutions, and organizing news media interviews. Thus, option B, D and E are correct.
What is merchandising?Merchandising is defined as any activity that aids in the selling of items to retail customers. At the retail level, merchandising refers to the imaginative presentation of things for sale in order to attract buyers to acquire additional items or products.
Hiring, training, and supervising staff are typical Buying and Merchandising operations, as are analyzing customer demands and challenges, devising solutions, and coordinating news media interviews.
Therefore, option B, D and E are correct.
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explain why it important for daisy to believe that gatsby owns multiple drug stores instead of being a bootlegger.
Answers
It is important for Daisy to believe that Gatsby owns multiple drug stores instead of being a bootlegger because it allows her to maintain her perception of him as a respectable and wealthy gentleman.
In the 1920s, the prohibition era, being involved in bootlegging was considered illegal and unethical. Daisy, being from a wealthy and prominent family, would not want to associate herself with someone who engaged in such activities. By believing that Gatsby owns multiple drug stores, Daisy can continue to admire him for his wealth and status without the negative connotations associated with bootlegging.
Furthermore, this belief aligns with her desire for a luxurious and glamorous lifestyle. Gatsby's supposed ownership of multiple drug stores adds to the image of him as a successful businessman and reinforces his ability to provide Daisy with the luxurious life that she desires.
Additionally, Daisy's belief that Gatsby owns multiple drug stores also serves to protect her reputation. If she were associated with a known bootlegger, it could damage her reputation and social standing. By believing that Gatsby is a legitimate businessman, she can maintain her own image and the respect of her peers.
Overall, it is important for Daisy to believe that Gatsby owns multiple drug stores because it allows her to maintain her perception of him as a wealthy and respectable gentleman, reinforces her desire for a luxurious lifestyle, and protects her reputation.
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started business with cash Rs 100000 and furniture Rs 50000
Answers
Answer:
See below
Explanation:
Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.
The journal entry will be as below,
Cash A/c Dr. Rs 100,000
Furniture A/c Dr. Rs 50,000
Capital A/c Cr. Rs 150,000
The argument that many critics of free trade have suggested that genetic engineering of plants and animals could lead to accidental production of new diseases is the Question content area bottom Part 1 A. protecting domestic jobs argument. B. environmental and safety argument. C. infant industry argument. D. national security argument.
Answers
The argument that many critics of free trade have suggested that genetic engineering of plants and animals could lead to accidental production of new diseases is the B. environmental and safety argument.
The argument that genetic engineering of plants and animals could lead to accidental production of new diseases falls under the environmental and safety argument of free trade criticism. This argument highlights concerns over potential negative impacts on public health and the environment, and the need for regulations to ensure safety and prevent harm.
This argument focuses on the potential risks and negative impacts on the environment and human health due to certain aspects of free trade, such as the spread of genetically engineered organisms.
The environmental and safety argument is often raised by critics of free trade who express concerns about potential negative impacts on ecosystems, biodiversity, and public health. In the context of genetic engineering, the argument suggests that manipulating the genetic makeup of organisms could have unintended consequences, including the accidental creation or spread of new diseases. Critics worry that these new diseases could pose risks to both human and environmental health.
It's important to note that this argument does not directly relate to protecting domestic jobs (A), infant industry (C), or national security (D). Instead, it focuses on potential environmental and safety risks associated with genetic engineering in the context of free trade.
Therefore, the correct option is B. environmental and safety argument.
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Stephen owns a chemical plant. He is glad that his primary stakeholders are satisfied with the company's growth. However, he is concerned about pleasing the secondary stakeholders. How can he ensure the welfare of secondary stakeholders?
Answers
Answer: D. use a manufacturing process that is compliant with all state and federal regulations.
Explanation:
The options to the question are:
a. pay less taxes
b. substitute the existing labor power with machines
c. double the output of the manufacturing process by asking workers to work overtime
d. use a manufacturing process that is compliant with all state and federal regulations
e. organize picnics for employees
Since Stephen wants to ensure the welfare of secondary stakeholders, he should use a manufacturing process that is compliant with all state and federal regulations
The secondary stakeholders are the individuals or entities that the company doesn't have direct economic transactions with e.g. the government, environmental groups, media etc.
Therefore, to please the secondary stakeholders, he must abide to the necessary rules and regulations.
How did ray conduct marketing information management?, what type of product/service management did ray do?, what activities were involved in the pricing function?, how did ray use the channel management function?
Answers
Ray conducted marketing information management by collecting information from customers to design the theater system seats. The activities involved in pricing were information management and marketing analysis. Finally, Ray shows the use of the channel management function because he carefully selected retailers.
Developing a new product and making sure the product is profitable is a complex process that involves multiple stages and strategies. Here are the most common ones:
Marketing information management: This involves collecting information about the customers, marketing, etc. to make the best decisions. This can be seen in Ray because all the process from selecting the product to selling it is based on research.Product management: This involves proper designing, production, and advertising of a product. This is applied by Ray because he works thoroughly in every stage to make sure the product is successful.Pricing: This involves determining the best pricing for a product to guarantee the product is sold and the producer obtains money. Ray uses the information collected from potential customers to determine the best price.Channel management function: This involves carefully selecting the channels to sell or advertise a product. Ray applies this because he analyzes all elements in the marketing to select the retailers.Learn more about marketing in: https://brainly.com/question/15611949
According to the graph above, if the price of coffee falls while the consumer is in equilibrium at point a, which of the following will occur?
a) The indifference curve shifts to the right
b) Consumer balance does not change.
c) The budget line shifts. to the right only on the horizontal axis.
d) The consumer can buy more shoes with all of his income.
Answers
Underline the two items that are affected.
State whether each item is increasing or decreasing.
1.Sold office machinery for cash
2. Bought motor lorry for cash
3. Sold motor lorry for cash
4. Bought motor van by cheque
5. Bought office furniture by cheque
Answers
2. Increase in machinery (motor lorry) , decrease in cash
3. Decrease motor lorry, increase cash
4. Increase machinery and equipment, increase in accounts payable
5. Increase in office furniture , increase in accounts payable
In a perfectly competitive market, an increase in the market demand will shift the perfectly competitive firm's ________ curve ________.
Answers
In a perfectly competitive market, an increase in the market demand will shift the perfectly competitive firm's demand curve rightward.
In a perfectly competitive market, individual firms are price takers, meaning they have no control over the market price and must accept the prevailing price determined by the overall market demand and supply.
When the market demand increases, it means that consumers are willing to buy more of the product at each price level. As a result, the demand curve facing the perfectly competitive firm will shift rightward.
This shift in the demand curve will lead to an increase in the equilibrium quantity of the firm's product, as well as the equilibrium price, assuming no change in the supply curve.
It's important to note that in a perfectly competitive market, individual firms have no ability to influence the market price. They simply adjust their output levels to meet the demand at the prevailing market price.
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