If there is an increase in demand, the quantity will remain unchanged and the price will rise.
This is because of the Law of demand.
The law of demand is considered as one of the most fundamental concepts in economics. It works in relation to the law of supply which explains how market economies allocate resources and the prices of goods and services are determined that we observe in everyday transactions.
The law of demand also states that the quantity purchased by consumers varies inversely with price.
In other words, the greater the price, the lower the quantity demanded. This happens because of the diminishing marginal utility. That is, consumers use the first units of an economic good purchased by them to serve their most urgent needs at first, and then they use each additional unit of the good to serve their other lower-valued ends.
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Suppose an automobile cost $30,000 and has accumulated depreciation of $8,000. it is sold for $25,000 cash. What is the journal entry to record the sale of the automobile?
So the journal entry to record the sale will be:
Cash a/c dr. $25000
To Automobile a/c $22000
To Profit & loss a/c $3000
Automobile is sold for $25,000 cash. At the time of the sale, the book value of the automobile is its cost less accumulated depreciation or $30,000 - $8,000 = $22,000. If the automobile is sold for $25,000, there is a gain of $25,000 - $22,000 = $3,000.
A journal entry is an entry which records a business transaction in the accounting system for an organization. Journal entries generally form the building blocks of the double-entry accounting method which has been used for centuries to keep financial records.
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Bay Company acquires 60, 8%, 5 year, $1000 Community bonds on January 1, 2020 for $60000. If Bay sells all of its Community bonds for $64500, what gain or loss is recognized
A gain of $4,500 is recognized.
The bonds are sold for $64,500.
Therefore gain is
= $64,500 - $60,000
= $4,500
There is no information given regarding interest received so entry or no gain for such is added.
In finance and economics, Interest is payment from a borrower or deposit-taking financial organization to a lender or depositor of a quantity above compensation of the important sum, at a specific rate. It is distinct from a rate which the borrower may additionally pay the lender or some third party.
Interest is described as the quantity of money paid for the usage of someone else's money. An example of interest is the $20 that changed into earned this year for your savings account. An example of interest is the $2000 you paid in interest this year on your property loan.
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A project manager has two engineers assigned to the project and does not have access to more even if the result means extending the completion date on the project. The project manager is managing a(n) ________.
The project manager is managing a Resource-constrained project.
Resource-constrained project is one where the availability of assets is restricted. If the resources are not able to complete on time, the project gets delayed and there is no opportunity to get additional resources. The resource can be machine, device, human, etc. In this situation, as the handiest engineers are available, it is a resource-constrained project.
Humans, substances, and devices are all considered resource constraints. If any of these are restricted in that there aren't sufficient to finish the activities they're scheduled for in the amount of time given, the timing and collection of sports inside the assignment network can be impacted.
The shortage of resources finally ends up determining how you pass about your work, which generally leads to resource overloading. essentially, this means you spend an excessive amount of time working on these projects and stretch out your workdays to compensate for the resource constraints.
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The budget at completion (bac) is the sum of all budgeted values established for the work to be performed on a project. as such it is equivalent to:______.
The budget at completion (bac) is the sum of all budgeted values established for the work to be performed on a project. as such it is equivalent to WBS component or a schedule activity. The total planned value for the project.
What is Budget at completion(BAC)?The term "budget at completion" (BAC) refers to a measurement that is frequently used in earned value management to compare actual project costs against predicted costs. It is determined at the beginning of a project depending on the work involved and each of its component parts. The "total budgets established for the task to be executed" are summed up as BAC. The BAC is the total budget that has been estimated for all the work that must be done throughout the course of the project, to put it simply.BAC can be used in conjunction with the Planned Value (PV) indicator to assess if the budget for the project is on track at a certain stage of its lifecycle.
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Sam has a daughter, mary, to whom he would like to leave the bulk of his estate. all but which provision in sam's will would generally affect how much mary will receive under sam's will?
The provision in Sam's will which would generally affect how much Mary will receive under Sam's will would be the residuary clause.
In a will there is a residuary clause which sets out who will inherit the remainder of the deceased’s assets once any debts, inheritance tax, funeral expenses, and legacies have been paid, and any items specifically passed on have been distributed to the appropriate beneficiaries.
So in this case, after Sam his daughter Mary will be given bulk of his estate. In Sam's will there is a provision which would generally affect how much Mary will receive, which is under the residuary clause.
Hence, according to this clause certain expenses are to be paid which would be deducted from the specific amount written in the will.
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The main determinant of the amount of money demanded for transactions is the level of ______
The main determinant of the amount of money demanded in transactions is the level of GDP is the main determinant of amount of money demanded transactions.
Gross Domestic Product (GDP) is the total monetary value or market value of all finished goods and services produced within a country over a period of time. As a broad measure of Gross Domestic Product, it serves as a comprehensive scorecard for the economic health of a given country.
Gross Domestic Product is a monetary measure of the market value of all final goods and services produced by a country over a specified period of time. Due to its complex and subjective nature, this indicator is often revised before it can be considered a reliable indicator.
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Nations or entities that have agreements to set market price and market share are called _______________ .
Nations or entities that have agreements to set market price and market share are called monopoly. A market condition where one business controls all of the market share and the prices and output is referred to as a monopoly.
Rarely do pure monopolies exist, but when they do, antitrust rules do apply when some entities control sizable amount of market. When one supplier offers a specific commodity or service to lots of customers, there is a monopoly. In a dominating corporation, or monopoly, has complete control over market and hence determines the supply and price of an item or service.
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A firm who raises money by selling shares of stock is participating in what type of financing?
Raising money by selling stock is known as equity financing.
Equity financing is a means of obtaining new cash by selling firm shares to public, institutional, or financial entities. Since they have earned the ownership stake in the corporation, the persons who buy shares are referred to as shareholders.
Stock financing differs from debt financing in that the former involves selling a portion of the company's equity, whilst the latter involves borrowing funds.
National and local governments actively monitor equity financing to ensure that it is carried out in conformity with the law. The primary benefit of equity financing is that the money does not have to be repaid.
Therefore, the answer is equity financing.
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Weighted shortest job first gives preference to jobs with which two characteristics? (choose two. )
Weighted Shortest Job First gives preference to jobs with characteristics such as, first, the size of the project (smaller is better) Second, the value of the project (higher is better).
In order to determine a relative ranking, Weighted Shortest Job First (WSJF) uses a technique for assigning a weight, or value, to each job, and then by dividing that by the length of the job. It also gives preference to jobs with characteristics such as the size and value for a project.
Weighted Shortest Job First is a prioritization model used to sequence jobs eg., capabilities, features, and epics in order to produce maximum economic benefit.
Hence, WSJF prefers such characteristics.
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What's the major reason that smoke control should be considered in planning a fire protection system?
the major reason that smoke control should be considered in planning a fire protection system is smoke can spread out to great distances from the origin of a fire.
What is smoke?Smoke is a collection of airborne particulates and gases released when a material burns or pyrolyzes, as well as the amount of air entrained or otherwise mixed into the mass.
Smoke is a medium greenish-gray hue with the hex code #848884, one of many shades having the word "smoke" in their name.
Smoke is a collection of tiny unburned particles, including very small carbon particles and tar droplets. Smoke is made up of microscopic solid, liquid, and gas particles. Despite the fact that smoke can contain hundreds of different compounds and gases, visible smoke is largely composed of carbon (soot), tar, oils, and ash.
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The marketing planning process starts with the ________, then the situation analysis.
The marketing planning process starts with the corporate mission, then the situation analysis.
A marketing plan is an advertising strategy that a company implements to sell its products and services. A marketing plan helps determine who your target markets are, how best to reach them, what price to sell your product or service at, and how your company will measure its efforts.
Constantly monitoring and adjusting market plans is an important part of running a business. Because it reveals the best and worst ways to generate revenue. Without a successful marketing plan, a business may not last very long.
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Sally, a licensee, has been asked to be the sales agent for a company selling new mobile homes. can she sell these new mobile homes? if not, what sort of mobile homes can she sell?
Sally may not sell new mobile homes, but she may sell used mobile homes, if they have been registered with the State of California and are on lot. She would have to become licensed by the California Department of Housing and Community Development to sell new mobile homes.
A mobile home is prefabricated building that is constructed in a factory and then moved to its destination on a chassis that is permanently fastened. They are frequently left continuously or semi-permanently in one area but can be moved and may occasionally be obliged to move or registered the legal reasons.
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Adjusting entries are made before preparing _____ reports.
a) managerial
b) auditing
c) financial
d) all of the choices are correct
Answer:
D
Explanation:
All choices are correct!
Hope this helps! :)
When a new variety of envirokids whole-grain breakfast cereals is first introduced, consumers will most likely engage in ____ when deciding whether or not to purchase this new product.
When a new variety of envirokids whole-grain breakfast cereals is first introduced, consumers will most likely engage in limited problem solving when deciding whether or not to purchase this new product.
In limited problem solving, the consumers set the basic criteria or standard for evaluating the products. Thus, they have still not fully set the established preferences and they search for additional information in order to compare one product among other products or brands.
Suppose when a new variety of envirokids whole-grain breakfast cereals is first introduced, consumers will most likely engage in limited problem solving. As, it is a new variety product and they need information about an unfamiliar brand.
Hence, this is a consumer problem-solving process which the consumers use when they purchase products occasionally.
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A stockholder of a corporation is required to pay unemployment insurance taxes on his/her _____. a. investments b. merchandise c. salary d. profits
A stockholder of a corporation is required to pay unemployment insurance taxes on his/her salary.
Unemployment insurance is a federal-state program that provides different temporary benefits to workers who become unemployed because of their no fault of their own, and also they are able as well as available for work.
The benefits which are paid to unemployed workers reduce the hardship of their unemployment,.
It helps them to maintain purchasing power of the unemployed people. which in turn supports the local economy as well as help the economy to stabilize the workforce such that the local workers are available to employers when they are ready to get reemployed.
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The pricing strategy in which one firm is allowed to establish the market price for all firms in the market is called?
The pricing strategy in which one firm is allowed to establish the market price for all firms in the market is called price leadership.
The strategy in which a firm is superior to all the other firms and decides the market price for all firms in the market is called the price leadership strategy. Price leadership occurs when a firm is able to exert enough influence in the market that it can efficiently decide the price of the products sold.
A monopoly implies specific ownership of a market by using a supplier of a product or a service for which there is no substitute. In this situation, the provider is able to decide the price of the product without worry of opposition from other sources or thru replacement products.
Monopoly power takes place while a company has a dominant function in the market. A pure monopoly is when one company has 100% of the market share. A company is probably considered to have monopoly energy with a greater than 25% market share.
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An HR manager wants to design jobs that do not exceed the mental capabilities and limitations of employees. To do so, he would most likely have to
An HR manager wants to design jobs that do not exceed the mental capabilities and limitations of employees. To do so, he would most likely have to reduce the information-processing requirements of a job.
Acquisition, recording, organizing, retrieval, dissemination, display, and information processing. The phrase has been used frequently recently to refer specifically to computer-based procedures.
Poor mental capabilities can harm an employee's efficiency and productivity at work, commitment to one's work, having conversations with coworkers and physical fitness and regular activities. Encoding, transformation, processing, storage, retrieval, and utilization of information all require some sort of control system.
This control method needs processing power, which varies depending on how challenging the task is.
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Cyclical unemployment is caused by the ________ for labor ________ during a recession.
Cyclical Unemployment is caused by the demand for labor moving to the left during a recession.
Cyclical unemployment is the effect of financial recession or enlargement on the entire unemployment rate. Cyclical unemployment usually rises throughout recessions and falls at some stage in economic expansions and is a major awareness of economic coverage.
An instance of cyclical unemployment is whilst creation workers were laid off all through the outstanding Recession following the economic disaster of 2008. With the housing marketplace struggling, production of the latest homes fell dramatically, main to a rise in cyclical unemployment for production employees.
Cyclical unemployment is the main cause of high unemployment charges. it's due to a downturn within the commercial enterprise cycle. it is a part of the natural upward push and fall of monetary growth that occurs over time. Cyclical unemployment is brief and depends on the period of economic contractions resulting from a recession.
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Raintree automotive operates in a market that is relatively stable and has limited competition. raintree automotive is likely to have a ________ culture.
Raintree automotive is likely to have a employee culture.
Raintree Automotive is likely to have a culture employee driven from PJM 440 at Colorado State University, Global Campus. Raintree Automotive is a full-service automotive collision repair company located in Scottsdale Arizona.
They repair all models of vehicles, as well as specializing in high-end sport and luxury vehicles. Raintree automotive is likely to have a employee culture. As because of which it operates in a market that is relatively stable and has competition.
Hence, the answer is given and explained above.
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If the fed wants to raise the federal funds rate by one-half of a percentage point, it should _____
If the fed wants to raise the federal funds rate by one-half of a percentage.
The bank should reduce the reserves by $50 billion.As initiallly the supply curve of reserves is S11 , when the supply decreases to S12 , it leads to the increase in the feds funds rate to 6.
Federal funds, often referred to as fed funds, are excess reserves that commercial banks and other monetary establishments deposit at local Federal Reserve banks; these funds may be lent, then, to different market individuals with inadequate cash available to satisfy their lending and reserve wishes.
The Federal Reserve raised the goal range for the fed budget fee by way of at some point of its assembly, the fourth consecutive rate hike, and pushing borrowing charges to the highest level considering the fact that matching market forecasts.
Federal budget are reserves held in a financial institution's Federal Reserve bank account. If a financial institution holds extra fed funds than is required to cover its law D reserve requirement, those excess reserves may be lent to some other financial organization with an account at a Federal Reserve bank.
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If markets are efficient, when new information about a stock becomes available, the price will:____.
If markets are efficient, when new information about a stock becomes available, the price will reflect all available information. A price is the amount of money that is exchanged from one party to another in exchange for their goods or services. cost of production may go by another name in some circumstances.
If product is classified as "good" in commercial exchange, its price is most likely to be referred to as such. However, there will be alternative titles for this thing if it is a "service." A price may be set by a monopolist or imposed on company by market.
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What is often used when you need to provide access from an application running on an ec2 instance to other resources within aws?
AWS Security Token Service (AWS STS) is often used when you need to provide access from an application running on an EC2 instance to other resources within AWS.
The AWS Security Token Service (AWS STS) is an Amazon Web Services (AWS) software tool that enables an IT administrator to grant trusted users temporary and limited access credentials to public cloud resources.
To allow an application running on an Amazon EC2 instance to run commands in another account, you must allow the EC2 instance role in the first account to switch to a role in the second account.
Hence, the answer is given and explained above.
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Which federal agency oversees and regulates the buying and selling of stocks and bonds?
Securities and Exchange Commission federal agency oversees and regulates the buying and selling of stocks and bonds.
The Securities and Exchange Commission (SEC) is an independent federal regulatory agency responsible for protecting investors and capital, overseeing the stock market, and proposing and enforcing federal securities laws.
The Securities and Exchange Commission oversees stock exchanges, brokers and dealers, investment advisors and mutual funds to promote fair trading, facilitate disclosure of material market information and prevent fraud. .
The US Securities and Exchange Commission (SEC) is an independent federal regulator responsible for protecting investors, maintaining the fair and orderly functioning of the securities markets, and promoting the accumulation of capital.
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In a(n) _____ lease, recording lease expense should reflect straight line rental of the asset during the lease term.
Answer:
can I see the options for this question?
Over the past several decades, the difference between the labor-force participation rates of men and women in the u.s. has?
Over the past several decades, the difference between the labor-force participation rates of men and women in the u.s. has gradually decreased.
Labor force or labor force is a concept that refers to the pool of people who are either employed or unemployed. Usually used to describe a person who works in a single company or industry, but can also apply to geographic regions such as cities, states, or countries.
Labor force is the number of people who are employed plus the unemployed who are looking for work. 1 The labor pool does not include unemployed people who are not looking for work. For example, housewives, pensioners and students are not part of the workforce.
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Establishing some understanding of the threats an organization faces is an example of a(n):____.
Establishing some understanding of the threats an organization faces is an example of a risk assessment.
A risk assessment is a procedure to become aware of capacity risks and analyze what should occur if a risk occurs. An enterprise impact evaluation (BIA) is the technique for determining the capability effects because of the interruption of time touchy or essential business tactics. there are various risks to don't forget.
Extensively talking, a risk assessment is the combined attempt: to identify and study capability occasions that can negatively affect people, assets, and/or the environment; and making judgments "on the tolerability of the threat on the basis of a risk evaluation" even as thinking about influencing factors.
Right here are common hazard evaluation examples: fitness and protection chance evaluation – a form of threat assessment used by safety managers to determine fitness and safety risks associated with the task, work environment, and current approaches. dangers can be identified as biological, chemical, electricity, environmental, and so forth.
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An advantage that direct or subsidized student loans have over other types of loans is:_______
An advantage that direct or subsidized student loans have over other types of loans is the need for money.
The core benefit of Direct subsidized Loans is how interest is handled. With the department of schooling protecting your interest fees during certain periods, less interest will accrue and your general compensation cost could be decreased.
Direct subsidized loans are for undergraduate college students with financial needs. The subsidy here is that the U.S. branch of education can pay the interest for your mortgage even as you are in faculty at the least half of the time, and for the primary six months once you go away from faculty. This means you shop quite a little cash on interest.
Sponsored Loans do now not accrue hobby whilst you are in school at least half of-time or at some stage in deferment intervals. Unsubsidized Loans are loans for both undergraduate and graduate students that aren't based on monetary want.
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What starch index compares an advertisement's scores against other ads in the same product category as well as with the same size and color classifications?
It is the percentage of the target market who are exposed to a specific advertisement and hear the message in order to influence sales and purchases and who are reach at or above the effective frequency level.
The quantity of exposures required in this case to have an effect and achieve the communication goal is known as the effective frequency level. The level of exposure is referred to as effective reach.
The word "effective" used to describe it shows us how effective the reach is. Effective Reach differs from Reach in that it determines the percentage of Reach that has an influence on the viewer.
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The notion that actual capital markets, such as the nyse, are fairly priced is called the?
Efficient Markets Hypothesis (EMH)
The notion that actual capital markets, such as the nyse, are fairly priced is called the Efficient Markets Hypothesis (EMH)
There are three market efficiency types which are allocative , operational and informational. Fairly priced stocks in capital market allow shareholders to notion through the process of buying and selling shares.
The share price reflects all the information that in with stock traded in capital markets fairly priced at a market. It also tells the asset value information of the underlying assets. Markets in which security prices fully reflect all relevant information available fundamental value of securities.
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To an experimenter in frame s′, the meter stick's frame, did you make your two measurements simultaneously? if not, which end did you measure first?
No, it is not possible to measure simultaneously.we have to measure the left end first.
The meter scale is the apparatus for dimension of the period of any item. instance: The duration of the square is 5 meters. right here, 5 is the magnitude of the period and meter is the unit of length. 1 meter of the meter scale is split into a hundred centimeters. Meter scale is used to degree length.
The metre scale alongside the object in order that the 'zero' mark on the metre scale coincides with one give up of the item and studying at the other cease of the size suggests the duration of the item.
Measurement is the procedure of comparison of the given physical amount with the regarded fashionable quantity of the same nature. as an example, dimension of duration the usage of Vernier Callipers and measurement of diameter of wire using screw gauge.
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