The quantity supplied of a good or service is the amount that producers plan to sell during a given time period at a given price
What is quantity supplied vs supply?The supply shows how much the market is capable of providing at certain costs. The amount of commodities that producers will supply at a particular price is represented by the quantity supplied. The supply schedule or supply curve shows how much of a certain product is available. Quantity supplied is the amount of a good that manufacturers are willing to sell at a specific price at a specific time. When a certain period comes around, different volumes can be offered at various costs. When factor prices rise, suppliers should be less willing to offer as much as possible, which will cause the supply curve to shift to the left. The supply curve moves to the right when factor prices are decreased because suppliers will offer more product at any price.
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a duty of economists at the department of labor is to a. analyze data on workers. b. schedule federal holidays. c. enforce the nation's antitrust laws. d. all of the above are correct.
option A. is correct. Economists at the Department of Labor have the duty of analyzing data on workers, including information on their employment and unemployment, earnings, hours of work, and other characteristics.
This information helps to inform the department's policies and programs related to labor and employment, and is used to inform the public about the state of the labor market. The economists use various data sources, including surveys, administrative records, and statistical models, to produce regular reports and studies on the labor market. These reports and studies help to inform policy makers, researchers, and the general public about trends and patterns in the labor market, and provide a basis for policy decisions related to labor and employment. The primary duty of economists at the Department of Labor is to analyze data on workers. This includes collecting, compiling, and analyzing data on employment, wages, hours of work, and other labor-related topics.
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from the graph, at price p2, supply is greater than the demand. how will the price adjust in order to bring the exchange rate to its equilibrium?
If the supply is greater than the demand at price P2, it means that there is excess supply in the market. To bring exchange rates into balance, prices need to adjust downwards.
Prices will continue to fall until they reach a point where supply and demand equal, which is market equilibrium. At this point, the market will be clean, meaning that all goods supplied will be sold, and there will be neither excess nor shortage. Price adjustment towards the equilibrium point is the result of the interaction between supply and demand, which is the fundamental mechanism of a competitive market economy. When prices are above equilibrium, excess supply forces sellers to lower their prices to empty their stocks. On the other hand, when prices are below equilibrium, excess demand prompts buyers to raise prices in order to secure the quantity of a good they want.
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investigating the new division how do you begin your investigation? select an option from the choices below and click submit. determine a competitive strategy. assume that gearon will use the same competitive strategy as gearup, and move on to determine the new division's value chain structure. examine the industry and then choose a competitive strategy.
The investigation of the new division can be started by examining the industry and then choose a competitive strategy. Thus, option 4th is correct.
What is Investigation?An investigation is a thorough search for information, especially information that is hazy or needs to be sorted out in a complex situation. The purpose of an investigation is often to ascertain how or why something happened.
The three types of research that scientists utilise to better understand and provide solutions for natural phenomena are descriptive, comparative, and experimental ones. As an example of investigating, review someone's background to understand more about his character.
A competitive strategy can then be chosen after doing an industry analysis to begin the examination of the new division. So, the fourth choice is the correct one.
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Interviews can be unreliable when interviewers are inconsistent across interviews making it difficult to compare one job applicants interview to anothers. how can we address those problems to improve Amazons interview process and decisions all while handling so many applicants and raising the bar with each new hire? 
Because of their inherent subjectivity, interviews might work against you when choosing employees. There are no unbiased criteria that may be used to evaluate the responses.
What is a interview?A planned interaction in which one party asks questions and the other responds is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
The interviewee answers the interviewer's questions by typically supplying information. Other audiences may utilize or receive that information right away or later.
This characteristic is common to many different types of interviews; even though there may not be any other people present during a job interview or an interview with a witness to an occurrence, the answers will still be given to other people later on in the hiring or investigative process.
Additionally, information can be passed back and forth during an interview.
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how do the life cycle and permanent income hypothesis resolve the seemingly contradictory pieces of evidence regarding consumption behaviour?
The contradictory piece is resolved because it tells us that people would save more as they have more income and less when the income is less.
how do the life cycle and permanent income hypothesis resolve the seemingly contradictory pieces of evidence regarding consumption behaviour?The Life Cycle Hypothesis and Permanent Income Hypothesis are two models that attempt to explain consumer behavior and resolve the contradictory evidence surrounding it.
The Life Cycle Hypothesis states that consumers smooth their consumption over their lifetimes, borrowing when their income is low and saving when it is high. This model can help explain why some individuals have a higher level of consumption even when their current income is low.
The Permanent Income Hypothesis, on the other hand, posits that consumers base their consumption decisions on their expected long-term income, rather than their current income. This model can help explain why some individuals have a low level of consumption even when their current income is high, as they expect their income to decrease in the future.
Both of these models provide a more nuanced view of consumer behavior and help to reconcile the conflicting evidence by showing that consumption is determined by both current income and expected future income, as well as other factors such as wealth, age, and risk tolerance.
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Imagine you are trying to improve your self confidence. you have set yourself up to make a speech to a convention in three weeks, even though the thought of doing it terrifies you. what is your best course of action? a. ask someone else do it b. apologize and give up c. practice until you feel you can do it d. choose another trait to improve please select the best answer from the choices provided a b c d
Hmm...
I will choose...
C) as it is postive
a company had inventory at year-end of $100,000 without considering the following. a segment of its inventory in a separate location consisted of $20,000 and was overlooked in determining the $100,000 amount. cost of goods sold determined by the periodic system, without considering the omitted inventory, was $800,000. the correct amount of cost of goods sold is
Without taking into account the omitted inventory, the periodic system's cost of goods sold was $800,000. The exact cost of goods sold figure is $780,000.
How is the cost of goods sold calculated?The term "cost of goods sold" refers to the entire amount of all direct expenses involved in manufacturing a thing (GOGS). It is a financial item that can be listed on an income statement and frequently consists of money spent on labor and raw materials. It doesn't include commissions for marketing, sales, or distribution.
The cost of goods sold is equal to the carrying value of the commodities sold over a given period. To assign costs to specific commodities, one of the several formulas, including specific identification, first-in-first-out, or average cost, is utilized.
The costs incurred over a given time period to create your items are known as the costs of goods sold (COGS). Starting inventory less purchases minus final inventory is used to compute COGS.
Omitted inventory= $800,000
Inventory on separate location= $20,000
Cost of goods sold (COGS)= $800,000 - $20,000
= $780,000
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an iowa corn farmer operates in which form of competition?
An Iowa corn farmer operates in a competitive market. In a competitive market, there are many buyers and sellers, and no single buyer or seller has the power to control prices.
In the case of the Iowa corn farmer, they are one of many corn farmers competing to sell their corn to buyers such as processors, wholesalers, or consumers. Competition in the corn market can take several forms, including price competition, quality competition, and non-price competition, such as advertising and product differentiation. In a competitive market, the corn farmer must strive to produce a high-quality product at a competitive price in order to be successful. If they are unable to do so, they may face lower demand for their product and lower profits.
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in your opinion is the federal bureaucracy too large and expansive? does it overreach too far into the affairs of business operations? or is the federal bureaucracy unfairly criticized and unappreciated for what it successfully carries out to make our society function from one day to the next? write a response that is at least 250 words.
According to the question, the federal bureaucracy will be:
In my opinion, the federal bureaucracy is too large and expansive. The federal bureaucracy has become an increasingly powerful force in both the public and private sectors, and it has come to play an ever-increasing role in our society. The federal bureaucracy is composed of a vast number of agencies, departments, and offices, each with its own agenda and mission. The bureaucracy often overreaches its authority, intruding into areas that are better left to the private sector or to state and local governments. This intrusion often results in inefficiency, red tape, and excessive regulation, which can stifle innovation and impede economic growth.
What is federal bureaucracy?
Federal bureaucracy is a term used to describe the complex administrative structure of the United States government. It includes all of the executive, legislative, and judicial branches of the federal government and their various departments and offices.
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a. affirmative action. b. an indirect form of discrimination. c. equal employment opportunity. d. employment at will. e. a direct form of discrimination.
The term "affirmative action" refers to the laws and initiatives enacted to combat prejudice and promote diversity in the workplace. It seeks to give equal opportunities.
In the workplace, laws and practises known as "affirmative action" attempt to level the playing field for underrepresented groups including women and people of colour. Affirmative action seeks to eliminate the residual effects of prior discrimination and to guarantee that all competent people have an equal chance to thrive in the workplace. This is accomplished via a range of strategies, including outreach, recruitment, and training initiatives created to boost the representation of underrepresented groups in the labour force. Even though affirmative action is frequently contentious, it is generally acknowledged as a crucial step in advancing equality and diversity in the workplace.
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synovec company is growing quickly. dividends are expected to grow at a rate of 15 percent for the next 3 years, with the growth rate falling off to a constant 3 percent thereafter. if the required return is 7 percent and the company just paid a $1.30 dividend. what is the current share price?
The current share price can be calculated using the dividend discount model.
What is share?Share is a term used to describe the distribution or exchange of money, assets, or other resources. It typically refers to the process of making a portion or all of a particular asset available to the public, either through a public offering or private sale. Shares are usually offered for sale by a company, allowing people to buy a stake in the company.
The formula for the dividend discount model is:
Share Price = (D1/(R - g)) + (D2/(R - g)^2) + (D3/(R - g)^3) + ...
Where D1, D2, D3 are the dividends for each year, R is the required return, and g is the growth rate.
Using this formula, the current share price is:
Share Price = ($1.30/(0.07 - 0.15)) + ($1.495/(0.07 - 0.15)^2) + ($1.7425/(0.07 - 0.03)^2)
Share Price = $14.97
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daniel wanted to start his own small business. after spending his own money on marketing research, daniel asked his friend chase to be his accountant. they spent a few months writing a business plan, which then they presented to a bank. daniel: multiple choice question. took the wrong initiatives
Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.
What is a business?A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.
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Corporate retreats, according ram charan in the textbook, give companies an opportunity to look beyond their own industries to evaluate trends that could impact their own industries in the future.a. Trueb. False
Corporate retreats, according to ram charan in the textbook, give companies an opportunity to look beyond their own industries to evaluate trends that could impact their own industries in the future it's true.
According to Ram Charan in the textbook, corporate retreats give companies an opportunity to look beyond their own industries and evaluate trends that could impact their own industries in the future. This can provide valuable insights for companies and help them stay ahead of the curve by anticipating and preparing for potential shifts in the market. By exploring and analyzing trends outside of their own industries, companies can better understand the broader business environment and make more informed decisions about the future direction of their own business.
In a corporate retreat, executives and other key stakeholders within the company come together to reflect on the company's current position and future direction. The retreat provides an opportunity to step back from the day-to-day operations and focus on the big picture, considering potential changes and disruptions to the industry and market. By taking a proactive approach to evaluating trends, companies can gain a competitive advantage and better position themselves for success in the long term.
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kolkmeyer manufacturing company is considering adding two machines to its manufacturing operation. this addition will bring the number of machines to ten. the president of kolkmeyer asked for a study of the need to add a second employee to the repair operation. the arrival rate is 0.04 machines per hour for each machine, and the service rate for each individual assigned to the repair operation is 0.4 machines per hour. compute the operating characteristics if the company retains the single-employee repair operation. if required, round your answers to four decimal places. p0
Therefore, with a single employee in the repair operation, the system utilization (ρ) is 0.1, the average number of machines in the repair operation (L) is 0.111, the probability of 0 machines in the system (P0) is 0.9, and the average number of machines waiting in the queue (Lq) is 0.
To determine the operating characteristics of the repair operation with a single employee, we can use the M/M/1 queuing model, where arrivals are Poisson-distributed and service times are exponentially-distributed.
Here are the key parameters for the M/M/1 model:
Arrival rate (λ) = 0.04 machines per hour per machine
Service rate (μ) = 0.4 machines per hour per repair employee
Number of servers (c) = 1
Using Little's Law, we can find the average number of machines in the repair operation:
L = λ * W
where L is the average number of machines in the system and W is the average time a machine spends in the repair operation.
To find the average time a machine spends in the repair operation, we can use the following formula:
W = 1 / (μ - λ)
Substituting the given values:
W = 1 / (0.4 - 0.04) = 2.778 hours
Now we can find the average number of machines in the repair operation:
L = λ * W = 0.04 * 2.778 = 0.111
The system utilization (ρ) is the ratio of the arrival rate to the service rate:
ρ = λ / μ = 0.04 / 0.4 = 0.1
The probability of 0 machines in the system (P0) can be found using the formula:
P0 = 1 - ρ = 1 - 0.1 = 0.9
The average number of machines waiting in the queue (Lq) can be found using the formula:
Lq = ρ^2 / (1 - ρ) * (1 - c)
Substituting the given values:
Lq = 0.1^2 / (1 - 0.1) * (1 - 1) = 0
This indicates that the repair operation is operating with a low utilization rate and that there is no queue of machines waiting for repair.
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Therefore, with a single employee in the repair operation, the system utilization (ρ) is 0.1, the average number of machines in the repair operation (L) is 0.111, the probability of 0 machines in the system (P0) is 0.9, and the average number of machines waiting in the queue (Lq) is 0.
To determine the operating characteristics of the repair operation with a single employee, we can use the M/M/1 queuing model, where arrivals are Poisson-distributed and service times are exponentially-distributed.
Here are the key parameters for the M/M/1 model:
Arrival rate (λ) = 0.04 machines per hour per machine
Service rate (μ) = 0.4 machines per hour per repair employee
Number of servers (c) = 1
Using Little's Law, we can find the average number of machines in the repair operation:
L = λ * W
where L is the average number of machines in the system and W is the average time a machine spends in the repair operation.
To find the average time a machine spends in the repair operation, we can use the following formula:
W = 1 / (μ - λ)
Substituting the given values:
W = 1 / (0.4 - 0.04) = 2.778 hours
Now we can find the average number of machines in the repair operation:
L = λ * W = 0.04 * 2.778 = 0.111
The system utilization (ρ) is the ratio of the arrival rate to the service rate:
ρ = λ / μ = 0.04 / 0.4 = 0.1
The probability of 0 machines in the system (P0) can be found using the formula:
P0 = 1 - ρ = 1 - 0.1 = 0.9
The average number of machines waiting in the queue (Lq) can be found using the formula:
Lq = ρ^2 / (1 - ρ) * (1 - c)
Substituting the given values:
Lq = 0.1^2 / (1 - 0.1) * (1 - 1) = 0
This indicates that the repair operation is operating with a low utilization rate and that there is no queue of machines waiting for repair.
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economic capital is productive, so it does not include group of answer choices buildings and equipment. tools. money. other infrastructure.
Economic capital is productive so it does not include c)money.
Economic capital refers to the financial resources that a company has available to support its operations and investments. It is considered "productive" as it is used to generate income and support the growth of the company.
Buildings, equipment, tools, and other infrastructure are considered "physical capital" and are used to produce goods and services, but they do not generate income on their own. Economic capital typically includes cash, securities, and other financial assets that can be easily converted into cash and used to support the company's operations.
The main difference between economic and physical capital is that economic capital is directly tied to the company's financial performance, while physical capital is tied to the company's ability to produce goods and services.
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liquidity ratios indicate how fast a firm can generate cash to pay bills.
A company's liquidity ratios show how quickly it can produce cash to pay its bills. The profitability ratios of a company are what a banker or trade creditor is most worried about.
The liquidity ratio measures what?A company's liquidity is measured by liquidity ratios. They shed light on how well a corporation can use its liquid assets to pay down its debts and other responsibilities. All assets that are easily and swiftly convertible into cash are included in liquidity.
What ratio evaluates a company's capacity for earning money?Net income divided by total assets is referred to as return on total assets (ROA) for businesses (both debt and equity supported assets). It demonstrates the firm's assets' capacity to provide net income. The cost of interest is added back to net income.
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what is the annual interest rate of a fully amortizing 20-year fixed rate $175,000 mortgage, with a monthly payment of $1,266.41? multiple choice 6.125% 5.10% 6.25% 6.375%
6.125% is the annual interest rate of a fully amortizing 20-year fixed rate $175,000 mortgage, with a monthly payment of $1,266.41.
What is amortizing?In banking and finance, an amortizing loan is one in which the principal of the loan is paid down over the life of the loan according to an amortization plan, often through equal payments. An amortizing bond, on the other hand, repays a portion of the principal in addition to the coupon payments.
Small businesses benefit from amortization by having a consistent set payment amount that includes both interest and principal. An amortized loan spreads the principal and interest over time, resulting in a more manageable repayment schedule.
Therefore, option A is correct.
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with time, which one of the following strategies would most likely result in an outward shift in the production possibilities curve of an economy?
a. passage of legislation reducing the workweek to 30 hours
b. an increase in the marginal income tax rate, which would reduce the work effort of individuals
c. instituting a tax policy encouraging investment at the expense of consumption
d. instituting a tax policy encouraging consumption at the expense of investment
Implementing a tax policy that encourages investment at the expense of consumption is likely to result in an outward shift in an economy's production possibilities curve.
What is a tax policy?A tax policy is a set of laws and regulations that control how taxes are collected and used by the government. It explains the procedures for establishing the amount of taxes owing, who is responsible for paying taxes, and how taxes will be utilised to support public services and infrastructure. Government authorities frequently adopt tax policies that take into account the demands of the economy, the government's financial health, and the impact on residents and enterprises. The goal of tax policy is to develop a fair and efficient system that generates enough money for the government to meet its commitments while reducing the burden on taxpayers. Tax policy can be amended or adjusted over time to reflect changing economic situations.
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hy should long-run objectives take precedence over short-run objectives? multiple choice the focus is placed on improving performance in the long term. long-run objectives are necessary for achieving long-term performance and stand as a barrier to undue focus on short-term results. long-run objectives will satisfy shareholder expectations for progress. long-run objectives will force the company to deliver performance improvement in the current period. long-run objectives will keep the company in line with its balanced scorecard.
The reason why long-run objectives should take precedence over short-run objectives is B. long-run objectives are necessary for achieving long-term performance and stand as a barrier to undue focus on short-term results.
Why are long term objectives important ?Long-run objectives are necessary for achieving long-term performance and they can stand as a barrier to undue focus on short-term results. Long-run objectives provide a roadmap for an organization's future and give direction to decision-making and resource allocation. They help the organization maintain a focus on its long-term vision and goals, even when there are short-term pressures to achieve quick results.
By focusing on long-run objectives, organizations can pursue sustainable growth, adapt to changes in the market, and build a solid foundation for future success.
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Which financial statement reports the amounts of cash that the firm generated and distributed during a particular time period?
Cash flow statement reports the amounts of cash that the firm generated and distributed during a particular time period.
The cash flow statement (CFS) evaluates a company's ability to generate cash to meet debt commitments, cover operating expenses, and fund investments. The cash flow statement is used in conjunction with the balance sheet and income statement.
The CFS enables investors to understand how a company's operations work, where its money comes from, and how it is spent. The CFS also indicates whether or not a company is financially stable.
A cash flow statement cannot be calculated using a formula. Instead, it has three sections that report cash flow for the various activities that a company utilizes its funds for.
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if the federal reserve announces that it will be increasing the money supply through its monetary policy tools, it tells us the federal reserve is
If the federal reserve announces that it will be increasing the money supply through its monetary policy tools, it tells us the federal reserve is attempting to stimulate the economic growth by increasing the availability of money in the economy.
It is usually done in response to the economic slowdown or recession that has been occurring in the economy, the increased money supply may lead to increased spending and investment, which in turn will be boosting economic activity.
Monetary policy is defined as a set of tools used by a nation's central bank in order to control the overall money supply and promote the economic growth and help to employ strategies such as revising interest rates and changing bank reserve requirements.
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brazil has experienced rapid economic growth and increased sales of its products to other countries. this is an example of a(n) .
The correct answer to the question above is "growing role for developing nation". An example of the growing role of a developing nation is the one that brazil has experienced, the rapid economic growth and the increased sales of its product to other countries.
economic growth is the increase of an economy's goods and service value in a country over time. To measure economic growth we usually use Gross Domestic Product (GDP) as a measurement. Economic growth is important for a country because when the economy of a country grows it means that the capacity to supply public goods of the state was increased. four factors of economic growth;landcapitallaborentrepreneurshipLearn more about economic growth at: https://brainly.com/question/11679822
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intel expects its code of ethics and shared values to provide all of the following benefits except group of answer choices create an outline for ethical policies and standards. encourage employees to value integrity. communicate the company's expectations to the employees. describe what to do in every ethical situation.
The correct option is B. Intel expects its code of ethics and shared values to offer all of the following advantages except describe what to do in every ethical situation.
Ethics or ethical philosophy is a department of philosophy that "entails systematizing, defending, and recommending principles of right and wrong behavior" the sphere of ethics, along with aesthetics, issues matters of value; those fields include the branch of philosophy known as axiology.
Ethics seeks to resolve questions of human morality by way of defining ideas such as precision and evil, right and wrong, virtue and vice, and justice and crime. As a subject of highbrow inquiry, ethical philosophy is associated with the fields of ethical psychology, descriptive ethics, and value principle. Derived from the Greek phrase “ethos”, because of this “way of living”, ethics is a branch of philosophy this is worried about human conduct, greater in particular the behavior of people in society.
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Complete Question:
Intel expects its code of ethics and shared values to provide all of the following benefits except
A). create an outline for ethical policies and standards.
B). describe what to do in every ethical situation.
C). communicate the company's expectations to the employees.
D). expect employees to trust one another and use sound judgment.
E). encourage employees to value integrity.
u.s. exports to china have been rapidly increasing but not fast enough to offset the imports from china. this means that the united states has a(n)
US exports to China have been rapidly increasing but not fast enough to offset the imports from China. this means that the united states has a(n) Trade Deficits
The United States has a trade deficit with China, meaning that the value of goods and services imported from China is greater than the value of goods and services exported to China. This trade deficit has been a topic of much debate and discussion, with some arguing that it has negative economic consequences for the US and others arguing that it is a natural result of the global trade system.
In recent years, the US trade deficit with China has been significant, reaching a peak of $419.2 billion in 2018. The US has implemented various trade policies aimed at reducing this deficit, including tariffs on Chinese imports and negotiations with the Chinese government. However, the trade deficit with China remains a complex issue with many factors influencing its size and dynamics.
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Which ratio change provides good news about a company?
An increase in the net profit margin ratio provides good news about a company.
What is the net profit margin?
The amount of net income or profit generated as a percentage of revenue is expressed as the net profit margin, or simply net margin. It is the proportion of a company's or business segment's net profits to revenues. A business can determine whether its existing procedures are effective and estimate earnings based on revenues by monitoring growth and reductions in its net profit margin.
Although it can also be given in decimal form, the net profit margin is frequently expressed as a percentage. A company's net profit margin shows how much of every dollar in revenue it receives is converted into profit.
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What is gained when people engage in specialization and trade?
Specialization and trade allow people to consume outside their individual production possibilities frontiers. Specialization and trade allow people to produce outside their individual production possibilities frontiers.
Specialization and trade allow people to consume inside their production possibilities frontiers.
There are no gains from specialization and trade.
The above figure shows the production possibility frontier for a country. What is the opportunity cost to move from point D to point E?
Specialization and trade allow people to consume at a point on their production possibilities frontiers.
15 thousand bottles of wine
6 thousand bottles of wine
9 thousand bottles of wine
6 tons of rice
Nothing, it is a free lunch.
People can produce outside the limits of their own individual production capacities through specialization and trade. When the boundary of production possibilities between two items is a straight line, Thus, option B is correct.
What Specialization and trade allow people?As countries' economic operations become more and more entwined, trade and specialization activity strengthens the linkages between them. Individual nations can boost their economic production when they are able to benefit from specialization.
In order to increase efficiency, specialization is a method of production whereby an organization concentrates on producing a small range of items.
Therefore, Specialization and trade allow people to produce outside their individual production possibilities frontiers.
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greyson construction has the following account balances at the end of the year. accounts balances equipment $20,500 accounts payable 1,900 salaries expense 27,500 common stock 12,000 land 12,500 notes payable 14,500 service revenue 33,500 cash 4,900 retained earnings ? required: use only the appropriate accounts to prepare a balance sheet.
If the following account balances exist at the end of the year for Greyson Construction. There are $9,000 in retained earnings.
How to find the retained earnings?
Retained earnings can be calculated as follows:
Total assets = $20,000 + $12,500 + $4,900 = $37,400
Total liabilities = $1,900 + $14,500 = $16,400
Total equity = Total assets - Total liabilities = $37,400 - $16,400 = $21,000
Retained earnings = Total equity - Common Stock - Additional Investments = $21,000 - $12,000 - 0 = $9,000.
Therefore the retained earnings is the amount of $9,000.
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When only a portion of the units involved in a job are sold, the ______.
cost is held in the finished goods account until all units in the job are sold
entire cost of the job is transferred from finished goods to cost of goods sold
unit product cost is used to calculate the amount transferred from finished goods to cost of goods sold
unsold units are transferred to another job
unit product cost is used to calculate the amount transferred from finished goods to COGS.
What is made up of product units that have only partially finished?Units of manufacturing that are still being worked on and won't be available for sale to clients are referred to as "work in process."Products that have been completed but have not yet been sold to clients are referred to as finished goods.
Just on schedule for cost of products sold, which of the above are utilized to determine the cost of commodities that are available for sale?The starting value of the inventory together with the price of products purchased equals the cost of the goods that are now on the market.The price of goods sold is the ending worth of inventories less the cost of items that are available for purchase.
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when an increase in technology only improves one of the goods on the of, the ppf shifts out equally along both axes. True or False
While it is true that a country can expand its production capabilities and that technological advancements only improve one of the goods on the market, the ppf shifts out equally along both axes.
The correct answer is True.
What occurs to the PPF as technology advances?Individual production shifts in the PPF occur when a shift in technology or resources affects the production of each product differently, resulting in a skewed shift. An inward shift inside the PPF indicates that production of both goods is reduced due to a change throughout resources or technology.
Can a technological change shift a quantity supplied?Technology is a major contributor to supply curve shifts. Other factors, such as inflation, can also cause the supply curve to shift and a change in the price of production.
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scientists reveal that eating oranges decreases the risk of diabetes. what is the effect on the equilibrium price and quantity? a. equilibrium price decreases; equilibrium quantity increases b. equilibrium price increases; equilibrium quantity increases a. equilibrium price decreases; equilibrium quantity decreases b. equilibrium price increases; equilibrium quantity decreases
The effect on the equilibrium price and quantity will be b. equilibrium price increases ; equilibrium quantity increases.
The promotion of the eat-ing of oranges by Scientists will increase the dem-and for oranges. This increased demand will shift the equilibrium quan-tity of oranges demanded by con-sumers. With the use of the new fertilizer by farm-ers to increase the product-ion of oranges, the equilibrium quantity of supply will shift with dem-and.
How ever, it is un-certain, from the data provided, if the equilibrium price will up ward or down ward. This will depend on other market forces, e.g. the market competitive-ness.
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