To compute the effect of the error on net income for 2017 and 2018, we must first determine the correct LCNRV (Lower of Cost or Net Realizable Value) for product Z:
Net Realizable Value (NRV) = Estimated selling price - Estimated selling expenses
NRV = $47 - $15 = $32
LCNRV = Lower of (Cost, NRV)
LCNRV = Lower of ($38, $32) = $32
Since product Z was incorrectly valued at $38 per unit instead of $32, the inventory was overstated by $6 per unit. Now, let's calculate the effect on net income for each year.
Effect of net income for 2017:
The inventory was overstated, so the cost of goods sold was understated, leading to an overstatement of the net income. The effect on 2017 net income is:
4,900 units * $6 = $29,400 Overstated
Effect of net income for 2018:
Since all 4,900 units were sold in 2018, the overstatement in 2017 will cause an understatement in 2018 net income. The effect on 2018 net income is:
4,900 units * $6 = $29,400 Understated
Your answer:
Effect of net income for 2017: $29,400 Overstated
Effect of net income for 2018: $29,400 Understated
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What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
explain how a currency trader can make a profit from holding a foreign currency as a speculative asset.
Speculation is the practice of investing in a monetary product that entails a substantial risk of loss in value but also holds the potential for a sizable return.
What asset do you refer to?A thing that has current and future value is referred to be an asset. A machine or piece of equipment, a financial product, or a patent are examples of assets that typically provide cash stream in the future. Some examples of personal possessions include houses, automobiles, investments, objects of art, and home furnishings.
Which seven types of assets are included in total?Total assets, capital assets, precious metals, intangible resources, operative assets, and semi assets are six main groups that are frequently referred to in accounting. Your belongings might fit into more least 1 category. An object
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America's trade deficit with China surpasses more than ________ annually.A. $250 billionB. $2 billionC. $22 billionD. $48 billionE. $712 billion
A trade deficit occurs when the value of a country's imports exceeds the value of its exports.
In other words, it represents a situation where a country is buying more goods and services from other countries than it is selling to them. The trade deficit is calculated by subtracting the value of exports from the value of imports.A trade deficit can be influenced by various factors, including the competitiveness of a country's industries, domestic consumption patterns, exchange rates, government policies, and global economic conditions. It is important to note that a trade deficit is not inherently negative or positive.
It can reflect different aspects of an economy, such as consumption patterns, investment levels, or the attractiveness of a country as a market for foreign goods $712 billion.
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financial intermediaries a. exacerbate all of the problems caused by asymmetric information. b.increase transactions costs for lender dash savers and borrower dash spenders. c.allow for risk sharing for the lender dash savers. d. do not deal with asset transformation.
Financial intermediaries is c. allow for risk sharing for the lender-savers.
What's financial intermediariesFinancial intermediaries, such as banks and credit unions, act as a middleman between savers and borrowers. One of the main functions of financial intermediaries is to allow for risk sharing for the lender-savers. This means that they spread the risk of lending money among a large number of savers, reducing the individual risk for each saver.
Financial intermediaries do not exacerbate all of the problems caused by asymmetric information (option a), as they actually work to reduce these problems by gathering information about borrowers and making informed lending decisions. .
They also do not increase transaction costs for lender-savers and borrower-spenders (option b), as they typically reduce transaction costs by facilitating the lending process.
Lastly, financial intermediaries do deal with asset transformation (option d), as they take in short-term deposits from savers and transform them into long-term loans for borrowers.
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THANKS FOR TODAY FOR THE PEOPLE WHO HELPED
Answer:
Nice to bad I din't help
Henry invests money in an account paying simple interest. no money is added or removed from the investment. to find the balance after a year he multiplies his current balance by 1.052. what percent simple interest does the account earn per year?
To find out what percent simple interest the account earns per year, we can use the formula:
I = Prt
where I is the interest earned, P is the principal (initial investment), r is the interest rate, and t is the time in years.
Since no money is added or removed from the investment, we can assume that the principal remains the same. Let's call the principal amount "x".
After one year, Henry multiplies his current balance by 1.052, which means:
1.052x = x + I
where I is the interest earned. We can simplify this equation to:
0.052x = I
Now we can substitute this value of I into the formula for simple interest:
0.052x = Prt
0.052x = x * r * 1
0.052 = r
Therefore, the account earns a simple interest rate of 5.2% per year.
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Hypothesis Testing Suppose you are assisting a business looking to relocate to Dallas Fort-Worth. Housing for their workforce is a major consideration in which city they will locate. The business has narrowed its search to three cities: Allen, Plano, and Wylie. The organization has asked you to provide a data analysis of the housing market in these cities. Download the Collin Central Appraisal District data set (found here ↓ ), which includes a sample of homes in the three cities built since 2011 . Create a report that uses confidence intervals to compare home prices between the two cities you selected for Part 1 of the project. The report should include the confidence intervals, hypothesis, statistical tables, and full write-up interpreting the analysis. The following steps should be completed for your analysis. 1. Review the descriptive statistics provided in Part 1. 2. Based on the data set and the information we have, which test confidence interval should be used, a z or a t interval? Why? 3. Develop a 95% confidence interval estimate of the population mean of the market value of homes in each of the two cities. 4. What is a reasonable offer prospective buyers should make for homes in each of the cities? Briefly provide your reasoning based on the analysis. 5. Develop a 95% confidence interval estimate of the population mean of living area in each of the two cities. 6. Which city will provide more options for large families? Briefly provide your reasoning based on the analysis. 7. Create a hypothesis that compares the average market value of homes in the two cities. Provide your reasoning based on the descriptive statistics and the confidence intervals created in step 3 . 8. Based on the data set and the information we have, which test statistic should be used, a z or a t test? Why? 9. Conduct a hypothesis test to determine if there is evidence to support your hypothesis at the 95% confidence: level. 10. Interpret the results of your hypothesis. Deliverable - a typed, 12-point, double-spaced Word document containing the following: 1. Executive Summary summarizing key findings and preparing the reader for the supporting analyils. Includes explanation of dataset and main results, conclusions or recommendations from the report. Part 1: Descriptive Statistics Suppose you are assisting a business looking to relocate to Dallas Fort-Worth. Housing for their workforce is a major consideration for the city they
The appropriate test for confidence intervals in this analysis is the t interval because the population standard deviation is unknown.
Why is the t interval used instead of the z interval?The t interval is used because the population standard deviation is unknown in this case.
When the population standard deviation is unknown and the sample size is small (typically less than 30), the t-distribution is used instead of the standard normal (z) distribution.
The t-distribution takes into account the uncertainty associated with estimating the population standard deviation based on the sample.
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Several times during the winter, supervisor Clyde goes ice fishing with Bubba, one of the workers in his department. After fishing they often have a few beers together. When it comes time for Clyde to write a performance evaluation of Bubba, Clyde faces the ethical dilemma of ________.
Several times during the winter, supervisor Clyde goes ice fishing with Bubba, one of the workers in his department. After fishing they often have a few beers together. When it comes time for Clyde to write a performance evaluation of Bubba, Clyde faces the ethical dilemma of conflict of interest.
An ethical dilemma is what?Any alternative that requires the agent to violate or compromise on their ethical norms presents an ethical problem in a decision-making situation.
We note that the following three characteristics can be used to categorize ethical dilemmas:
The agent must have a decision to make or be given an option.There must be multiple options open to the agent.The agent understands that every option forces them to give up some personally held ethical principle or value.Ethics are inherently contradictory, hence they do give rise to ethical problems. Employees may encounter situations where lying or breaching the law appears to serve other vital goals like increasing pay or avoiding layoffs.
What kinds of ethical dilemmas are there?
In the course of carrying out their tasks and obligations, agents may run across a variety of ethical problems, including the following:
Epistemic conundrumsSelf-imposed conundrumWorld-imposed conundrumA conflict of obligationProhibition conundrum.Learn more about the ethical dilemma with the help of the given link:
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Why should you notify the police if you are a victim
of identity theft?
A. They can investigate if your money and
assets are stolen.
B. They can force banks to unfreeze your
accounts.
C. They can change your email and online
passwords for you.
O D. They can file a report with the Federal Trade
Commission.
ITS A
Answer: D. They can file a report with the Federal Trade
Commission.
Explanation: Many victims don't know when, how, or even if they should file a police report for identity theft. But the sooner you report identity theft, the better chance you have of preventing further damage to your financial and personal reputation.
The correct option is A. They can investigate if your money and assets are stolen.
When you notify the police of identity theft, they can investigate the crime and try to track down the perpetrator. This can help you to recover your money and assets, and it can also help to prevent other people from becoming victims of identity theft.
The police may not be able to change your email and online passwords for you or force banks to unfreeze your accounts. However, they can provide you with information about how to protect yourself from identity theft in the future.
The Federal Trade Commission (FTC) also has a website where you can file a report of identity theft. This can help you to get your credit reports locked down and start the process of rebuilding your credit.
Here are some of the benefits of notifying the police if you are a victim of identity theft:
The police can investigate the crime and try to track down the perpetrator.You can be eligible for victim assistance programs, such as credit monitoring and identity theft insurance.If you are a victim of identity theft, it is important to notify the police as soon as possible. This will help to protect you from further financial losses and it will help to bring the perpetrator to justice.Learn more about assets, here:
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How any two stakeholders affect the quality of toyota's products?
Answer:
The company's brand value, human resource skills, and financial soundness are all influenced by these stakeholders. It affects toyota's quality products to be either better or worse.
If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction into the accounting equation by:____.
If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction by increasing cash and decreasing accounts receivable.
The accounting equation is a fundamental accounting concept and a crucial part of the balance sheet. The calculation looks like this:
Assets = Liabilities + Shareholder’s Equity
This equation highlights the balance sheet's structure and lays the groundwork for double-entry accounting, also referred to as double-entry bookkeeping. In a double-entry accounting system, every transaction affects at least two accounts.
The balance sheet's foundation is the accounting equation. The statement of financial position and balance sheet are both financial statements. Assets, Liabilities, and Shareholder's Equity are the three main sections of the balance sheet, along with their various underlying components.
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A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n)
brand.
a. co brand
b. individual
c private
d. wholesale
e. family
Active listening is a process of communication in which the listener engages the speaker by repeating or rephrasing the speaker’s words; the listener may also mirror body language or _____.
apathetic behavior
tone of voice
nervous tics
hand gestures
Answer: tone of voice
Explanation:
Active listening refers to a process of communication whereby the speaker is engaged by the listener who repeats the words or statements heard.
Active listening involves the individual listening with all his or her senses and giving the speaker all the attention needed.
In active listening, the listener can mirror the body language or the tone of voice of the speaker. Active listening can be either acquired or developed through constant practice.
when a production plan is complete the production planner needs to determine
When a production plan is complete, the production planner needs to determine the necessary resources, such as materials, equipment, and labor, to execute the plan efficiently and effectively.
After finalizing a production plan, the production planner's next step is to assess and determine the necessary resources for implementing the plan. This involves identifying the specific materials, equipment, and labor required to carry out the production activities outlined in the plan. The production planner needs to ensure that an adequate quantity of raw materials is available to meet the production demand and that the required equipment is accessible and in working condition. Additionally, the planner must consider the availability and allocation of labor, ensuring that sufficient personnel with the necessary skills and expertise are assigned to each task. By accurately determining the required resources, the production planner can facilitate smooth production operations, minimize disruptions, and optimize overall productivity and efficiency.
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If you average 6 hours of sleep per night Monday through Friday and 9 hours per night on Saturday and Sunday, what fraction of the entire week do you spend asleep? *
Answer:
2/7
Explanation:
Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem of:
Answer: Excessive cost
Explanation:
Zero-based budgeting is the sort of budgeting where when income is subtracted from expenses it gives zero. This sort of budgeting puts a measure of the expenses, it ensures the expenses matches the income. The purpose of the budget plan is to justify expenses and optimize cost, thereby look out for cost effective ways to plan and avoid inflated budgets. It primarily guides against excessive costs on projects.
The economic interdependence among nations is often measured by their ___________.
The economic interdependence among nations is often measured by their openness.
What is economic interdependence?
The term "economic interdependence" refers to a measurement of the value of economic exchanges between two nations or between a nation and the rest of the globe, sometimes scaled to total national production or some other indicator of total financial assets. Globalization is one of the effects of economic interconnectedness. Each country's economy is at this point reliant on the supply of goods from other countries. For instance, China is currently a major supplier of goods to the United States.
Therefore,
The economic interdependence among nations is often measured by their openness.
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Calculating your expenses helps you budget because
Why did I get a letter from the Utah State Tax Commission?
Receiving a letter from the Utah State Tax Commission can be concerning, but it's important to understand the reasons why the commission may be reaching out to you. There are a variety of reasons why you may receive a letter from the Utah State Tax Commission, but some common reasons include:
Tax return errors: If the Tax Commission has identified errors on your tax return, they may send you a letter to notify you of the discrepancies and request that you correct them.Unpaid taxes: If you owe taxes to the state of Utah, the Tax Commission may send you a letter to notify you of the outstanding balance and request payment.Audit: If the Tax Commission has selected your tax return for an audit, you will receive a letter from the commission indicating that they will be reviewing your tax return and may request additional information or documentation.Refund issues: If there are issues with your tax refund, such as a delay in processing or a dispute over the amount, the Tax Commission may send you a letter to notify you of the situation and provide you with next steps.To know more about tax refer to-
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a certain shampoo is on sale twice a year, every year. this is an example of a seller using as a form of to achieve price discrimination. price fluctuation; the hurdle method alternate versions; group pricing alternate versions; the hurdle method price fluctuation; group pricing
Price fluctuation rates change in response to changes in demand or supply. When something is in demand and supply starts to decline, the price goes up. If supply exceeds current demand, prices will fall. If supply is relatively stable, prices can go up and down as demand rises and falls.
Common synonyms for fluctuation include vibration, sway, swing, heave, vibration, and wobble. While these words all mean "to move from one direction to the other," fluctuation refers to a constant, irregular change in level, intensity, or value. floating interest rate.
The price you set affects your profit margin per unit sold. The higher the price, the higher the profit per item, if you are not losing sales. However, higher prices and lower sales volumes can reduce or eliminate profits. This is because you sell fewer units, which increases your overhead per unit.
Price volatility can be managed by two non-exclusive approaches. Each of these approaches can be implemented through either market-based strategies or public interventions.
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Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
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Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry? A. monopolistic competition B. perfect competition C. monopoly D. oligopoly
Answer: the answer to your question is D) oligopoly
Explanation:
Answer:
it's D. oligopoly
Explanation:
Oligopoly is a market structure where only a few large firms control a major share of the market.
How can you save money on an auto loan?
A: Go to many banks and negotiate for a low rate
B: Only use the bank the car salesman suggests
C: Go with the first offer immediately
D: Take out a high interest loan
Answer:
A: Go to many banks and negotiate for a low rate
PLEASE HELP SOON WILL GIVE BRAINLIEST
How does a consumer complaint benefit the manufacturer?
A. The complaint notifies the manufacturer of a possible issue.
B. The complaint is registered with the government.
C. The complaint tells the manufacturer they did something wrong.
D. The complaint leads to an investigation.
Answer:
A. The complaint notifies the manufacturer of a possible issue.
Explanation:
this lets the manufacturer become aware of any issues- this benefits them
A consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
What is a consumer and a manufacturer ?A consumer is a person or a group who intends to order uses purchased goods, products primarily for personal, social household and similar needs, not directly related to any of business activities.
A manufacturer is a person or company that produces finished goods from raw materials by using various tools, equipment, and processes, and then sells the goods to consumers distributors, retailers, or to other manufacturers for the production and make their profit out of it.
How does a consumer complaint benefit the manufacturer ?A consumer make any complaint to the manufacturer if after taking the product or using it , the consumer founds any flaws or mistakes in it which might not be notified by the manufacturer.
Therefore, a consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
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the norwegian kroner:usd exchange rate is 10:1 while the norwegian kroner:euro rate is 12:1. if you start with 1,000,000 euros, how many usd will you have, using these exchange rates
The norwegian kroner:euro rate is 12:1, 1,000,000 euros will be 83,334, norwegian kroner in usd the ratio is 10:1 so the money after facing the exchange rate will be 8333.4 usd.
More about exchange rate:
The price of one country's currency/money in relation to another country's currency is known as the exchange rate. When nations employ gold or another accepted standard, and each currency is worth a particular amount of the metal or other standard, the exchange rate is "fixed."
The economic activity, the market interest rates, gdp, and unemployment rate in each of the countries are frequently used to calculate how much one currency will swap for another (value of money). They are established in the global financial market and are frequently referred to as market exchange rates.
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Which factor plays the biggest role in motivating economic decisions in a
market economy?
O A. Corruption in the leadership of powerful groups
O B. Commitment to maintaining a traditional lifestyle
O C. Competition between different businesses
D. Cooperation between governments and citizens
Cooperation between governments and citizens: plays the biggest role in motivating economic decisions in a market economy. Thus, option D is the correct option.
What Is a Market Economy?A market economy is a kind of capitalism in which a nation's companies and residents interact to determine economic policy and the cost of products and services. Although there may be some central planning or government interference, this phrase often denotes a more generally market-oriented economy.
The majority of economic decisions in a market economy are made through voluntary transactions that follow the rules of supply and demand. In a market economy, entrepreneurs are free to pursue profit by producing outputs that are worth more than the inputs they use, or, if they choose not to, to fail and close their doors. The forces of supply and demand are used in market economies to set the right prices and quantities for the majority of products and services.
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need rn! worth 30 points! only answer if you know ALL THREE.
1.) True or false. Supply and demand is an internal factor that affects pricing.
2.) Some companies set their prices ____ than their competitors so they can gain a larger customer base.
3.) If a customers believe that a company sells quality products, they are much more likely to pay a ____ price for an item.
Answer:
1) True
2) Higher (Also Known As Skimming Price Strategy)
3) Higher (A Result Of The Skimming Price Strategy)
Explanation:
1) When demand exceeds supply, prices tend to rise. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged. However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.
2) Competition based pricing is a pricing method that involves setting your prices in relation to the prices of your competitors. This is compared to other strategies like value-based pricing or cost-plus pricing, where prices are determined by analyzing other factors like consumer demand or the cost of production. A skimming pricing strategy usually involves setting a higher price for a new product when it first enters the market. As the product evolves, the price drops accordingly. Price skimming is often used with high-tech products. ... One way to think of price skimming marketing is in layers of customer segments.
3) Price skimming is a product pricing strategy by which a firm charges the highest initial price that customers will pay and then lowers it over time. ... This approach contrasts with the penetration pricing model, which focuses on releasing a lower-priced product to grab as much market share as possible.
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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A credit card holder has an outstanding balance on four different credit cards. which method of paying off the credit card will save the most money? a. snowballing payments according to the highest interest rate b. snowballing payments according to the lowest balance c. making fixed payments each month d. paying the minimum balance each month
The method of paying off the credit card that will save the most money is snowballing payments according to the highest interest rate.
This method involves making the minimum payments on all credit cards except the one with the highest interest rate, on which the debtor will make the largest payment possible. Once the card with the highest interest rate is paid off, the debtor moves on to the next card with the highest interest rate and so on until all the cards are paid off. This method saves the most money because it reduces the amount of interest that accrues over time.
In contrast, snowballing payments according to the lowest balance (option b) may provide a psychological boost by quickly eliminating a debt, but it may not save as much money in the long run. Making fixed payments each month (option c) and paying the minimum balance each month (option d) will result in more interest being paid over time and will therefore not save as much money as snowballing payments according to the highest interest rate.
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Which TCF checking account fee is the most expensive?
Answer:
Explanation: it’s o stop payment fee