The actions, conduct, or circumstances of the parties concerned result in an implied contract.
What Is an Implied Contract?A legally-binding obligation that results from the actions, behavior, or circumstances of one or more parties to an agreement is known as an implied contract. A verbal or written contract is enforceable in court just like an implicit contract. It has the same legal effect as an express contract, which is a voluntary agreement reached between two or more parties and expressed verbally or in writing. Contrarily, the implied contract is presumed to exist and requires neither a written nor an oral confirmation.There is no need to confirm the existence of the implicit contract, such as an implied warranty.To Learn more About implied contract refer to :
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crest toothpaste offers new whitening toothpaste one year, a new gel swirl design the next year, and an improved cleaning formula the year after. crest toothpaste does this because it is
A firm engaging in monopolistic competition in an effort to preserve its economic profit.
What is meant by economic profit?This difference between the proceeds from the sale of a product and the prices of all inputs utilized, or any opportunity costs, is known as an economic gains or losses. Opportunity expenses or explicit costs are subtracted from earned revenues to determine economic profit.
What is an example of economic profit?Let's imagine a business sells plush animals and makes $10,000 in revenue. There are $5,000 in explicit costs and $2,000 in implicit costs to make them. We can calculate the economic gain of creating these toys as $1 million ($10,000 - $7 million - $2,000) using the calculation above.
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a problem is listed below. identify its type. after graduation in 3 years, antwone would like to take a much needed vacation to the caribbean islands. he anticipates that the all inclusive vacation package will cost him $3,300. his bank will pay 6% per year compounded semiannually. how much does he need to deposit into this account each semiannual period, so that he can take his vacation in 3 years? a) sinking fund b) amortization c) present value of an annuity d) future value with compound interest e) present value with compound interest f) none of the above.
$500 is the semi-annual deposit.
How is compounded annually determined?In order to compute compound interest, multiply the principle of the original loan by the annual interest rate multiplied by the number of compound periods minus one.
Explanation:
Providing the following details:
He expects to pay $3,300 for the all-inclusive holiday package. His bank will pay 6% annually compounded every two years.
Using the following formula, we can determine the semiannual deposit:
FV= [(1+i)n-1]/i A*
A= a semi-annual payment
Separating A:
A=(FV*i)/[(1 + I n]-1
A= {3,000*0.035) / [(1.035^6) - 1]
A= $458
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nataro, incorporated, has sales of $674,000, costs of $338,000, depreciation expense of $83,000, interest expense of $48,000, and a tax rate of 25 percent. the firm paid out $78,000 in cash dividends. what is the addition to retained earnings?
The addition to the retained earnings is $75,750.
What are retained earnings?
Retained earnings are described as the total earnings in the form of profits after deducting the payment of the dividends. It is important to mention that the concept is highly important in accounting, and the term retained highlights the number of dividends that a company kept with itself and did not pay to the shareholders.
Given that,
sales = $674,000,
costs = $338,000,
depreciation expense = $83,000
interest expense = $48,000,
Tax rate = 25 percent.
cash dividends = $78,000
Retained earnings = 674,000 - (338,000 + 83,000 +48,000) = 674,000 - 469,000 = 205,000
25% of 205,000 = (25 x 205,000)/100 = 51,250
Hence, 205,000 -51,250 - 78,000 = $75,750
The retained earnings are $75,750
It can be concluded that the added to the retained earnings is $75,750.
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paul borrowed $380 to be repaid in one year. he paid 10 percent interest and a service charge of $21. what is his finance charge?
Paul borrowed $380 with a one-year repayment period. He paid $21 in service fees and 10% interest. He has a $59 finance charge.
How do finance charges work?A finance charge is the total interest and loan fees you would be required to pay throughout the course of your mortgage loan. This includes all pre-paid loan fees and is based on the premise that you hold the loan for the entire period until it matures (at which point the last payment is due).
These finance costs include things like annual credit card fees, account maintenance charges, late payment fees for loans and credit cards, and transaction charges for accounts.
Why are loan fees so expensive?In finance, you may typically expect a better potential reward if you take on more risk. Credit cards pose a significant risk to banks and other card issuers since many users make late or non-payments. As a result, issuers impose hefty interest rates to offset that risk.
amount to pay= amount borrowed x interest
amount to pay= $380 X 0.1= $38
finance charge= amount to pay + service charge
finance charge= $38 + $21= $59
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sales professionals who utilize inbound telemarketing and their extensive knowledge to assist customers via phone and also support a field sales force are known as:
Sales professionals who use inbound telemarketing and their expansive knowledge to help customers via phone and also support a field sales force are understood as Inside selling professionals .
Inside selling Professionals :They are one who manage any sort of sales that are managed remotely,so which is called remote sales and virtual sales.In this sales model involves high- touch transactions over phone and mail. Contrary to telemarketers, inside sales professionals are largely professed and more apprehensive about market and product,. they can do their giveaways, present the exercise and perform utmost of the functions traditionally handled by representatives in the field with the help of advancement in communication technology. Inside sales professional simply means the trade of products or services by labor force who reach customers through phone, dispatch, or the internet.
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which activity takes place once the design of the promotional program is complete? multiple choice question. generate promotion ideas set the promotion schedule execute the promotion set the promotion budget
Executing the promotion takes place once the design of the promotional program is completed.
There are a few key ways to maximise a promotional budget:
1. Set clear objectives and goals for the promotion. This will help to focus the budget and ensure that money is being spent in the most effective way possible.
2. Research the target audience thoroughly. This will help to identify the most effective channels and methods for reaching them.
3. Use data and analytics to track the results of the promotion. This will help to optimise the budget and ensure that the most successful elements are repeated in future promotions.
4. Keep a close eye on costs. This includes both the cost of the promotion itself and any associated costs such as production, shipping, and so on.
5. Leverage discounts and design deals. This can help to stretch the budget further and get more bang for your buck.
6. Be creative. Think outside the box to come up with unique and attention-grabbing ideas that will get people talking.
7. Plan ahead. The sooner you start planning the promotion, the more time you’ll have to find ways to save money.
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at maturity, using the u.s. rule, the interest calculated from the last partial payment is: multiple choice subtracted from adjusted balance added to beginning balance subtracted from beginning balance added to adjusted balance none of these
At maturity, using the U.S. rule, the interest calculated from the last partial payment is subtracted from beginning balance added to adjusted balance.
What is interest?The payment of money above the principal amount (the amount borrowed) at a predetermined rate to a lender or depositor by a borrower or deposit-taking financial institution is referred to as paying interest in the fields of finance and economics. It is different from a fee that the borrower may pay to the lender or another entity. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined beforehand, but rather on a pro rata basis as a portion of the rewards received by risk-taking businesspeople when revenue is earned that exceeds all costs.
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a leading beverage company sells its signature soft drink brand in vending machines for $0.78 per 12 oz. can. a vending machine has monthly fixed costs of space rental, energy consumption, and capital depreciation of $147. variable cost for a can of soda is $0.41. the regional sales manager wondered what the breakeven volume would be at this higher price?
The breakeven volume would be at this higher price will be 47.43%.
The selling price (S) is $0.78 per can and the variable Cost (V) is $0.41 per can'. Contribution margin = S-V = 0.78 - 0.41 = $0.37 per can. Contribution Margin percentage = 100*Contribution Margin/Selling Price = 100*0.37/0.78 = 47.43%.
The amount of your product you must make and sell to break even on production expenses is known as the breakeven volume. The quantity of units that must be manufactured and sold in order to create a sufficient contribution margin to pay fixed expenses is known as the breakeven level.
The Contributions Margin is a crucial idea in this approach. The denominator in the calculation above is "selling price less the variable costs per unit," or contributions margin.
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bellwood corp. is comparing two different capital structures. plan i would result in 12,700 shares of stock and $109,250 in debt. plan ii would result in 9,800 shares of stock and $247,000 in debt. the interest rate on the debt is 10 percent. a. ignoring taxes, compare both of these plans to an all-equity plan assuming that ebit will be $79,000. the all-equity plan would result in 15,000 shares of stock outstanding. what is the eps for each of these plans? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. in part (a), what are the break-even levels of ebit for each plan as compared to that for an all-equity plan? (do not round intermediate calculations.) c. ignoring taxes, at what level of ebit will eps be identical for plans i and ii? (do not round intermediate calculations.) d-1. assuming that the corporate tax rate is 21 percent, what is the eps of the firm? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d-2. assuming that the corporate tax rate is 21 percent, what are the break-even levels of ebit for each plan as compared to that for an all-equity plan? (do not round intermediate calculations.) d-3. assuming that the corporate tax rate is 21 percent, when will eps be identical for plans i and ii? (do not round intermediate calculations.)
$47.50 will eps be identical for plans i and ii.
A crucial financial metric that reveals a company's profitability is earnings per share, or EPS.
Equity-only plan:
15,000 shares are available.
1. Plan
12, 700 shares total.
Debt value: $109,250
Price per share equals ((Number)/(Value of Debt))
shares under Plan I divided by the number of shares under the All-Equity Plan.
Each share is worth $109,250. (15,000 - 12,700)
Share price = $109,250 divided by 2,300
$47.50 per share is the cost.
2. Plan
9,800 shares are available.
Debt value: $247,000.
Price per share equals ((Number) / Debt Value)
Number of shares under the All-Equity Plan -
shares issued under Plan II.
$247,000 per share is the price (15,000 - 9,800)
$247,00 / 5,200 is the price per share.
$47.50 per share is the cost.
It is figured up by dividing the company's net income by the total number of outstanding shares. Net profit divided by the number of outstanding common shares equals earnings per share (EPS) for a corporation.
EPS is a commonly used indicator for calculating corporate value since it shows how much money a firm produces for each share of its stock.
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johnson company has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. if these calculators are upgraded at a total cost of $210,000, they can be sold for a total of $270,000. as an alternative, the calculators can be sold in their present condition for $50,000. what is the financial advantage (disadvantage) to the company from upgrading the calculators?
The price per calculator is $540
Inventory on hand that cannot be used or sold in the future is referred to as obsolete inventory. Due to a lack of demand, obsolete inventory will frequently be recorded as a loss, though it can also be the result of new technology and innovation.
Calculators at the present condition
Sales $50,000
Less: Cost $720,000
Loss from Sales. $670,000
Calculators with rework costs
Sales $270,000
Less: Cost (720,000+210,000) $930,000
Loss from Sales $660,000
Sales $270,000
Divided by: no. of obsolete calculator 500
Sales Price per calculator $540
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Do you think every place of our country is accessible to all kind of information obtaining sources why give reasons
Freedom of information is freedom of a person or people to publish and consume information.
What is meant by Freedom of Information ?
The right of a citizen to access information that the government holds is referred to as information freedom. This freedom is recognized as a constitutional right in several nations.
The Freedom of Material Act in the United States permits the revelation of official records and previously undisclosed information that is under the authority of the American government. The Electronic Freedom of Information Act, which mandates that certain types of government records be made electronically accessible to the public, was added to this law in 1996 as an amendment. This is intended to increase access to public information.
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it's not unusual to see a segmentation study comprised of some usage variable (e.g., heavy vs. light users) or some attitudinal variable (e.g., positively inclined toward our brand vs. loyal to a competitor). what type of variable is it usually cross-tabbed with?
It is not uncommon to see a segmentation study consisting of some usage variable or some attitudinal variable. It is usually cross-tabbed with a demographic variable.
Market segmentation is the process of breaking a large consumer or company market, often consisting of present and future customers, into sub-groups of consumers (known as segments) based on some form of shared trait. When separating or segmenting markets, researchers often look for similar traits. Market segmentation assumes that distinct market segments necessitate different marketing programs, such as different products, prices, promotion, distribution, or some combination of marketing elements.
Market segmentation is intended not only to identify the most profitable categories, but also to create profiles of key segments in order to better understand their demands and buying motivations. Insights from segmentation analysis are then utilized to support marketing strategy creation and planning.
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by providing lyft passengers an upfront pricing quote for a ride, then actually charging that price for the ride, lyft is able to eliminate which gap in service quality?
Priority mode will give you the opportunity to accept ride requests ahead of other drivers.
According to Lyft, this shortens the gap between rides and enables you to make more money overall.Lyft’s marketing approach relies on variety of communication channels, from direct emails and social media interaction to national broadcast commercials. Positive word of mouth among the current Lyft rider group helps Lyft as well the cost of a Lyft ride depends on the route and nature of the journey, as well as on-demand and availability. The cost of a ride will probably be greater than usual if numerous passengers in your.Neighborhood request one at the same time. Demand will likely be higher during Rush hour, during significant local events,and when inclement weather occurs.
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what role can be played by a highly competent national subsidiary located in a strategically critical market?
A highly skilled national subsidiary positioned in a strategically essential market can serve as a strategic leader. Hence, the right answer is a strategic leader.
What is a strategic leader?Strategic leadership is the capacity to persuade individuals to make voluntary decisions that improve the organization's long-term prospects while maintaining short-term financial stability. Different leadership styles have an influence on an organization's vision, development direction, and potential success. To cope with change successfully, all executives must have the skills and tools for both strategy design and implementation.
Strategic leadership strategies help firms decide on their mission and best business practices, which are crucial for being competitive and relevant. The ability to learn and adapt has become critical for long-term viability. Failure to adapt to new technology, climate change, and economic considerations risks making the organization obsolete.
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how does the va fund the mortgage guarantee program so that lenders can be reimbursed for any losses from borrower default?
Junior lien on the property the va fund the mortgage loan guarantee program so that lenders can be reimbursed for any losses from borrower default. A second mortgage, also known as a junior lien,
Is a loan taken out using your home as collateral while you also have another loan secured by fund home. Second mortgages are commonly referred to as home equity loans and home equity lines of credit (HELOCs). The junior lienholder attempting to foreclose on the property may exercise its right of redemption, or pay off any senior liens in order to protect its interest in the property. A junior mortgage is a house loan made in addition to the principal mortgage on the property.
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when a country does not adopt a formal pegged rate, but tries to keep its currency within some range of a reference currency, this is called a(n) blank system.
A blank system is used, when a nation does not adopt a formal fixed rate but still tries to keep its currency within a certain range of a reference currency.
What is currency?Currency is defined as a unit of account that is issued by a government and is accepted at face value.
The definition of "equivalent amount" gives the term "currency" the definition given there. Reference Currency refers to the currency in which the applicable Sub-underlying Fund's assets are all valued and reported.
When a currency's value is fixed in relation to a reference currency, such as the U.S. dollar, the exchange rate between that currency and other currencies is then set by the exchange rate of the reference currency.
Later, Marshall Shalin's developed the concept of three modes of exchange, which could be detected throughout more specific civilizations than just Capitalist and Non-Capitalist. He did this by using Karl Polanyi's work. These are market exchange, reciprocity, and redistribution.
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the custodian of a $615 petty cash fund discovers that the fund has $117.50 in coins and currency plus $481.50 in receipts at the end of the month. the entry to replenish the petty cash fund will include:
The entry to replenish the petty cash fund will include $497.50 as reimbursement and credit to cash
Define Petty cash fund.A petty cash fund's main objective is to give business units enough money to pay for small expenses. The purpose is to make it easier for staff members and guests to get reimbursed for little costs, often under $25, such as cab tickets, stamps, office supplies, etc.
When a petty cash fund is in use, the expenses paid with it are noted when the fund is refilled. A current asset that appears on the balance sheet as a debit is petty cash. To deposit money into the petty cash account, an accountant will normally issue a check payable to "Petty Cash" and cash it at the business bank.
A credit to Cash for $387.50.
$615 - $117.50 - $481.50 = $16.00 cash shortage
$481.50 + 16.00 = $497.50 reimbursement and credit to cash
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a tariff is a tax levied on a particular foreign product entering a country. group of answer choices false
A tariff refers to the amount of tax levied on a specific foreign product imported into a country. Thus, the given statement is true.
A tariff, also known as a duty, is a tax levied by governments on the value including insurance and freight of imported products and goods. Different tariffs are applied on different products or goods by different countries. Some countries have very high tariffs, and others have relatively low tariffs.
The tariffs, along with the other assessments, are collected at the time of customs clearance in the foreign port. Tariffs increase the cost of products and goods to foreign buyers and may affect their competitiveness in the market.
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arion drives 20 miles a day from his first job to his second job. he worked 125 days during 2021 on both jobs. what is marion's mileage deduction rounded to the nearest dollar assuming he uses the standard mileage rate and mileage is incurred ratably throughout the year?
Marion's mileage deduction rounded to the nearest dollar is 1400.
Given,
Marion drives 20 miles in a day
Total working days = 125 days
Marion's mileage deduction is
= Miles driven × total working days
= 20 miles/day×125 days
= 2500 miles
The standard mileage rate for 2021 is:
= 56 cents × total mileage deduction
= 2500×56 = 1400
Hence Marion's mileage deduction rounded to the nearest dollar is $1400. One can calculate the mileage of their vehicle by dividing the miles traveled by the number of gallons it took to refill the tank.
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For a bond investor selecting a buy-and-hold strategy, which of the following would be the least important consideration?a. Term to maturityb. Indenture provisionsc. Coupon levelsd. Liquiditye. Quality
For a bond investor selecting a buy-and-hold strategy, the least important consideration is Liquidity Option D
What is Liquidity?Generally, In the fields of business, economics, and investment, the characteristic of a market known as market liquidity refers to the ease with which an individual or company can quickly buy or sell an asset without causing a significant shift in the price of that asset.
The trade-off between the price at which an asset can be sold and how quickly it can be sold is what is meant to be understood by the term "liquidity."
The level of investor liquidity should be the least of a bond investor's concerns when choosing a buy-and-hold investment strategy.
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oppenheimer beet processors, incorporated, processes sugar beets in batches. a batch of sugar beets costs $59 to buy from farmers and $21 to crush in the company's plant. two intermediate products, beet fiber and beet juice, emerge from the crushing process. the beet fiber can be sold as is for $35 or processed further for $27 to make the end product industrial fiber that is sold for $47. the beet juice can be sold as is for $55 or processed further for $35 to make the end product refined sugar that is sold for $81. what is the financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is?
The financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is $9.
Revenue after processing into refined sugar = $81
Revenue if sold as is = $55
Incremental revenue = Revenue after processing into refined sugar -
Revenue if sold as is
∴ Incremental revenue = $81 - $55 = $26
Processing costs = $35
Incremental income(loss) = Processing costs - Incremental revenue
∴ Incremental income(loss) = $35 - $26 = $9
The profit generated by a rise in sales is known as incremental revenue. It can be used to calculate the extra revenue brought in by a specific product, investment, or direct sale from a marketing campaign when sales volume has increased.It's common to compare incremental revenue to product cost. To turn a profit, businesses have to ensure that incremental revenue outweighs incremental expense for each product. Incremental revenue is primarily used by businesses to examine overall profit margins because it does not take overhead expenses into account.Learn more about Incremental revenue, here
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on behalf of her firm, a registered representative is holding a seminar and the audience will consist of registered representatives from other member firms. this type of communication is considered:
On behalf of her firm, a registered representative is holding a seminar and the audience will consist of registered representatives from other member firms Institutional communication.
What is Institutional communication?Any communication directed only to registered representatives is defined as institutional communication. For communication purposes, the definition of institutional investor includes a FINRA member firm and its registrants. On the other hand, if the audience consisted only of employees of the member company hosting the seminar, it would be considered internal communication.
The communication of the institution can be defined as organized communication of the institution and its representatives, which targets the people and social groups developing its activity.
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the levels of organizational culture are multiple choice strategy, mission, and values. stability and flexibility. observable artifacts, espoused values, and basic underlying assumptions. clan, hierarchy, market, and adhocracy. identity, commitment, and stability.
The layers of corporate culture are visible signs, ideals that are upheld, and fundamental underlying presumptions.
What are assumptions examples?An assume is something you believe to be true despite the lack of evidence. People could presume, for instance, you are a nerd when you don spectacles, even when it is untrue.
Why do People make assumptions?The procedure of making assertions is one way the brain preserves energy. When find patterns in the way the world functions, we lean on our prior experiences. When we come across new circumstances, we adapt these patterns—or presumptions—to the new setting. This method spares us the effort of reexamining every circumstance from scratch.
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a corporate charter specifies that the company may issue up to 20 million shares of stock. the company sells 12 million shares to investors and later buys back 3 million shares. the current number of shares of treasury stock after these transactions have been accounted for is: multiple choice 3 million shares. 8 million shares. 9 million shares. 17 million shares.
The current number of shares of treasury stock after these transactions have been accounted for is 9 million shares.
What is Treasury Stock?
Treasury stock, commonly referred to as treasury shares or reacquired stock, denotes previously outstanding stock that the issuing business has acquired from stockholders. The overall number of outstanding shares on the open market declines as a result. Treasury stocks, also known as reacquired stocks, are shares that the issuing business has purchased back, therefore lowering the number of outstanding shares on the open market. The automaker chooses to repurchase shares for $100 million. This must be reflected in shareholder equity on the company's balance sheet. It will list $100 million in cash and $100 million in treasury stock, respectively, as credits and debits.
Hence, The current number of shares of treasury stock after these transactions have been accounted for is 9 million shares.
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when capital income increases and everything else stays the same on the labor market group of answer choices labor supply decreases and the real wage increases. labor demand increases and the real wage increases. labor demand decreases and the real wage decreases. labor supply increases and the real wage decreases.
Effect of real wage growth on substitution, w. As w rises, more labour is done to raise income, and a worker performs work in its place.
What happens to the demand for labour as capital rises?
The labour demand curve changes out and right as the capital stock rises, and the production function shifts up. More workers are employed and output rises at a given real wage. The income effect explains why the labour supply curve bends backwards; beyond a particular wage rate, workers can afford to work fewer hours while still earning the same amount of money.
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When capital income increases and everything else stays the same on the labor market group --labor supply decreases and the real wage increase.
What is capital income?
Capital income is income that comes from capital, which is to say, comes from wealth itself, rather than any specific product or direct work. exemplifications are stock tips or any kind of capital earnings, as well as income an proprietor gets from a business he owns but not from the work he does there.
What's the function of capital income?The most important function of the capital is to promote the profitable growth of the country. For the satisfactory development of the country, acceptable finances are veritably essential.
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diversification is: a. the process of entering new industries, distinct from a company's core or original industry, to make new kinds of products for customers in new markets. b. the process of exiting declining industries that are distinct from a company's core or original industry, to make new kinds of product for customers in new markets. c. the process of entering existing industries similar to a company's core or original industry to remake products for customers in established markets. d. the process of exiting new industries, distinct from a company's core or original industry, to make new kinds of products for customers in new markets.
Diversification is defined as the process of entering new industries that are distinct from a company's core or original industry in order to create new types of products for customers in new markets.
Diversification is a method of allocating portfolio resources or capital to a variety of investments. Diversification's ultimate purpose is to reduce portfolio volatility by offsetting losses in one asset class with gains in another. "Do not put all your eggs in one basket," as the saying goes. Diversification is usually used to eliminate or level off unsystematic risk. Unsystematic risk is a firm-specific risk that impacts only one company or a small group of companies. As a result, when a portfolio is well-diversified, assets that outperform compensate for the negative effects of underperforming investments.
Diversification, on the other hand, does not usually impact the inherent or systematic risk that applies to the financial markets as a whole.
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trust becomes an integral part of the learning orientation for all of the following except: question 4 options: hiring a candidate after an internship period. a multi-stage game. a single-stage game. purchasing a new crm for a multi-national company with a tiered rollout.
Trust becomes an integral part of the learning orientation for all of the following except hiring a candidate after an internship period. A learning orientation is a way of thinking that enables participants to assess and adjust inputs as well as the results.
Procedures, and policies necessary for development. A emphasis on outcomes is a crucial element of a learning orientation, according to research, including that conducted as part of ACSI's Flourishing Schools assess. Promotes communication between the supervisor and the new employee, builds employee confidence, aids in faster job acclimatization, and contributes to a more effective, productive staff. A dedication to learning.
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in year 1, shell company understated their ending inventory. what is the effect of this error in year 2? (check all that apply).
The effect of this error will be that the Beginning inventory will be understated and the Cost of goods sold will be understated.
Inventory may be defined as the storehouse within the organization or business manufacturing company where all the goods manufactured and ready to be delivered or shipped are kept. It is necessary to keep tract of the inventory as the value of the goods in the inventory may change at any time. If the ending inventory is understated then their will be discrepancies within the beginning inventory for the coming year. This will happen because the calculations of the new year depends on the calculations of the previous year. Also the cost of the goods will be understated because the cost of goods change with time and in determining the new cost, the previous cost plays an important role.
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assume the foreign supply of this product is perfectly elastic at a price of $4 per unit. starting from a free trade equilibrium, a tariff in the amount of $2 per unit would be expected to cause domestic consumption to:
The per unit would be expected to cause domestic consumption to decrease.
What are Imports?Bringing in from foreign or external sources. (as in goods & services. ) To bring into a place or country from another country. when transferring from one format to another, usually in a new file.Importing and exporting goods is not only at the heart of a successful large-scale business. It also helps in the growth and expansion of the national economy. Each country comes with some specific resources. At the same time, the country may lack other resources to develop and improve the economy as a whole.examples of imported goods are:carstv mobilesgemstonescerealspulsesoilspetrolwoodcloths raw materialsfood and vegetablesgemstonesmineral medicinesmachinerypieces of equipmentluxury carsconsumer goodsTo know more about import refer to:
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product a is added to your quote automatically with a selection rule. if you delete the product a quote line, then add an unrelated product to the quote, what can you expect to happen in regards to product a?
Product A is automatically added to your quote with a selection rule. If you remove a line that quotes a product and then add a product unrelated to the quote, you can expect product A to be added back to refer to product A.
The option product rule must contain an action, which describes what to do for one or more options. There are several things you can do with actions, such as automatically selecting or deselecting an option, disabling an option, or hiding the option entirely.
That's what we will do. Simply put, product rules allow you to evaluate the product options of a package, quote, or quote line based on certain conditions and then take action in response. They're great for applying business logic during setup and giving sales reps feedback on product selection.
Selection rules allow you to tailor bulk product options on your quote. For example, say you sell a suite of reporting software. You can only sell training licenses after your users have purchased software licenses, both of which are product options in your plan.
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