The selling price per unit less the variable cost per unit is the contribution margin. The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings.
The selling price per unit less the variable cost per unit is the contribution margin (CM), also known as dollar contribution per unit. The amount of sales revenue known as "Contribution" is the portion that is utilized to cover fixed costs as opposed to variable costs. One of the fundamental principles of break-even analysis is this idea. Sales are divided from contributions and variable costs. Linear volumetric costs are used in the Cost-Volume-Profit Analysis model. The contribution margin, or marginal profit per unit sold, is a helpful indication for carrying out various computations and can be used as a barometer of operating leverage in cost-volume-profit analysis, a sort of management accounting. In the labor-intensive service sector, low contribution margins are typical, whereas high contribution margins are evident in the industrial sector.
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All of the following are normally found in a corporation's stockholders' equity section except:
a. Dividend in arrears
b. Common stock
c. Paid-in Capital
d. Retained Earnings
All of the following are normally found in a corporation's stockholders' equity section except a. Dividend in arrears.
What is dividend in arrears?Dividend in arrears refers to unpaid dividends. They have been declared as cash dividends but remain unpaid at the balance sheet date.
Dividends run into arrears because the declaration date is not the same as the payment date.
What constitutes stockholders' equity?The stockholders' equity represent the ownership interest in the company.
The accounts that appear in the stockholders' equity section include the Common Stock, Preferred Stock, Paid-in Capital (Additional and Treasury Stock), and Retained Earnings.
Thus, unlike Common stock, Paid-in Capital, and Retained Earnings, Dividend in arrears does not appear in the stockholders' equity section but the current liability section.
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for two years, lisa carson was able to pay the premiums on her whole life policy without borrowing. for the past two years, she has borrowed from the cash value of her whole life policy to pay the premiums. last year, she paid $95 of interest on the funds she borrowed. what are the tax implications in this situation? a) the interest expense is tax deductible because it does not exceed $100. b) the interest expense is not tax deductible because it does not exceed $100. c) the interest is deductible because lisa is in the business of continuing her insurance and the interest is deductible business interest expense. d) the interest expense is not tax deductible. explanation the interest expense is not tax deductible because interest on a loan incurred to purchase personal life insurance protection is considered personal interest, which is not deductible. personal loan interest is not tax deductible, regardless of whether the lender is a bank or a life insurance company. lo 2.1.1
(d) The interest expense is not tax deductible because Personal loan interest, which is not deductible, is the interest paid on a loan taken out to buy personal life insurance. Whether a personal loan is being taken out from a bank or a life insurance business, the interest paid on the loan is not tax deductible
What is Personal Loan?
Personal loans are a form of closed-end credit with specified monthly payments (e.g., three, four, or five years). Personal loan interest rates are represented as a percentage of the amount borrowed (principal).
Banks must first borrow money for themselves, either from other banks or from the deposits of their customers, before they may offer loans. The expense of borrowing money from a bank and the inherent risk of lending money when there is no assurance that it will be returned is reflected in the interest rate on a personal loan.
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multiple choice question the formula for calculating declining balance depreciation is the depreciation rate per year times
The formula for calculating declining balance depreciation is the depreciation rate per year times the book value at the beginning of the year.
The depreciation rate is the annual total amount of depreciation expressed as a percentage. When the annual depreciation was $15,000 and the total depreciation throughout the asset's anticipated lifespan was $100,000, as an illustration, This indicates that the annual rate would be 15%. The amount that can be written off as a deduction is calculated by deducting the asset's cost from its salvage value. Subtract this sum from the asset's useful life, which is measured in years. You may calculate the asset's monthly depreciation by dividing by 12. Straight-line depreciation is one of the most used techniques. declining balance twice. the producing units. Depreciation aids in connecting an asset's cost to its long-term value. In other words, the asset that is used annually and creates income also has an extra expense connected with utilizing it up.
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maggie had $24 to spend on seven pencils. after buying them, she had $10. how much did each pencil cost?
Each pencil cost $2.40, since Maggie had $24 to spend and she needed to buy 7 pencils.
What is spend?
Time and money are used when they are spent. You're likely to spend money at the mall if you devote a lot of time there. Spending time on a specific activity or staying put for a considerable amount of time are both appropriate uses of the verb: "He went on to spend decades in India." Spending money is a form of exchange, such as when you spend $5 on a water bottle at the airport or use your savings to take a trip all over the world. To weigh out money is the meaning of the Latin verb expendere.
$24 divided by 7 pencils is $3.43, but since she had $10 left after buying the pencils, that means each pencil cost $2.40 ($24 - $10 = $14, $14 divided by 7 pencils = $2.40).
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wants to build its global sales volume quickly. it enters all markets at the lowest price possible it can charge, which undercuts the prices of all its competition. the company knows this might result in initial losses, but in a few years, it should be making substantial profits with a cost advantage over everyone else. this is an example of
If company wants to build its global sales volume quickly when it enters all markets at the lowest price possible is an example of Experience curve pricing.
To make substantial profit with a cost average over everyone else company use experience curve pricing. In experience curve pricing, a company initially charges a price lower than its average total cost with the expectation that costs would decrease as the firm produces more in the future. This curve suggests that the more you produce, the less each unit costs you. This happens because fixed overhead costs such as administration, insurance and rent remain constant while the number of units you produce goes up. You can calculate your per-unit cost based on the experience curve so that you can better manage your pricing in relation to productivity.
We calculate our pricing based on the experience curve that is number of units times variable cost per unit plus fixed overhead divided by the number of units, plus markup percentage you have chosen.
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students who are deaf who do not go on to postsecondary training may face increased obstacles to employment in the future because select one: a. increasingly fewer employers are willing to employ workers who sign. b. the manual trades that they typically prepare for are disappearing. c. antidiscrimination laws do not cover students with inadequate training. d. there will be increased competition for the same jobs by individuals with other disabilities.
Students who are deaf who do not go on to postsecondary training may face increased obstacles to employment in the future because there will be increased competition for the same jobs by individuals with other disabilities. The correct option is D.
Employment is the state of having a job or work or being employed. The one who is getting paid for any services or work is the employee. That's called an employment.
Increased competition means huge choice and many services because they can access a wider range of products and services, consumers and businesses as consumers of raw materials can find the product that best reach their needs.
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An asset created by prepayment of an insurance expense is: O Recorded as a debit to Unearned Revenue. O Recorded as a debit to Prepaid Insurance. O Recorded as a credit to Unearned Revenue. O Recorded as a credit to Prepaid Insurance. O Not recorded in the accounting records until the insurance period expires.
A prepaid account, such as Prepaid Insurance, is debited and the cash account is credited whenever a payment is made that prepays a charge. This shows the prepayment as an asset on the balance sheet of the business.
Due to the fact that prepaid insurance is typically converted to cash or utilized right away, it is seen as a current asset. A financial resource that has been fully paid for by a company but won't be fully utilized until a later time is known as a prepaid asset. An cost that has been paid for but won't be used until a later date can alternatively be described as a prepaid asset. A financial resource that has been fully paid for by a company but won't be fully utilized until a later time is known as a prepaid asset. A paid-for cost that won't be used up is another way to describe a prepaid asset.
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what features and benefits should be displayed in this advertisement to sell cucumbers to dieter? (multiple answers are correct. all correct answers must be selected for credit)
The features and benefits that should be displayed in the advertisement to sell cucumbers to dieters are Phytosterol-Rich and High in Water.
What are cucumbers?Cucumbers or Cucumis sativus is a widely-cultivated creeping vine plant in the Cucurbitaceae family that bears usually cylindrical fruits, which are used as culinary vegetables.
Considered an annual plant, there are three main varieties of cucumber slicing, pickling, and seedless within which several cultivars have been created. The cucumber originates from South Asia, but now grows on most continents, as many different types of cucumber are traded on the global market.
In North America, the term wild cucumber refers to plants in the genera Echinocystis and Marah, though the two are not closely related.
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which of the following is an example of a financial obligation best satisfied with long-term debt?
NOT Paying for increased production capacity is best satisfied with long-term debt.
Long-term debt, also known as long-term liabilities, is any financial obligation that lasts longer than a year or the current business year or operating cycle. Examples of long-term debt include the following:
Bonds. Typically, these are issued to the general public and paid for over a number of years. Each note is payable. Individual investors are issued these debt instruments. The terms of payment may differ from note to note.
Convertible bonds. These are bonds with an element that permits holders to reclaim them for portions of normal stock. Contracts or obligations under a lease Since many business leases last longer than a year, they are frequently categorized as long-term debt.
Benefits after retirement or a pension Employees may receive pension payments in retirement or long-term benefits from some businesses. commitments that can change. These are potential obligations that could arise if something happens in the future. Suit cases that are pending and have not yet been settled are a typical illustration.
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preston audio, a german audio equipment manufacturer, has a policy of appointing the best person for the job in its various locations regardless of the candidate's nationality. which staffing policy best describes preston audio's approach?
Preston audio uses geocentric staffing policy by appointing the best person for the job in its various locations regardless of the candidate's nationality.
What is geocentric staffing?Hiring the best candidates for our roles without regard to their origins or residences is known as a geocentric strategy to recruitment. As a result,
1. Employing distant workers When we need to hire someone at a location where we don't have offices, we choose this option. For instance, let's say wethere is a need for a customer service representative to assist clients of a company in a different time zone.
2. Moving personnel. This covers both recruiting foreign talent into our home nation and relocating individuals to a new host nation. When a person must be physically present at a particular place yet the ideal candidate resides elsewhere, we employ this strategy.
The Geocentric Approach is justified by the idea that there is a global pool of talented workers, and that the most qualified applicant, who is proficient in his field, should be hired for the position regardless of his nationality. Because they adhere to an integrated global business plan, companies that are genuinely global adopt this strategy.
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Which one of the following products is most likely made in a job shop environment? a. rolls of newsprint b. custom furniture c. television sets d. cigarettes e.
option b custom furniture products is most likely made in a job shop environment.
Job shops are typically small manufacturing systems that handle job production, which includes small- to medium-sized customer orders or batch jobs as well as custom/bespoke or semi-custom/bespoke manufacturing processes. When a work is finished, job shops often go on to another one (perhaps with a different customer). Jobs are not always limited to a single machine, which allows this production system processing flexibility. Job shops machines are aggregated in shops by the nature of the skills and technological processes involved; as a result, each shop may have different machines. The problem of job shop scheduling is regarded as strongly NP-hard in computer science.
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Draw the major product(s) from addition of HBr to the alkene below. . You do not have to consider stereochemistry. . If there is more than one major product possible, draw all of them. . Draw one structure per sketcher. Add additional sketchers using the . Separate multiple products using the + sign from the dropdown menu
An example of an addition reaction is the hydrohalogenation of alkenes. Alkyl halides are produced when alkenes are hydrohalogenated. For instance, 2-bromopentane is produced when HBr and 1-pentene react.
Step 1: A tertiary carbocation intermediate is generated when the alkene is protonated.
Step 2: Alkyl bromide is produced when the bromide nucleophile attacks the carbocation intermediate in a nucleophilic manner.
This response observes Markovnikov'v guideline.
The electrophilic addition of hydrohalic acids like hydrogen chloride or hydrogen bromide to alkenes to produce the corresponding haloalkanes is known as a hydrohalogenation reaction.
The H + particle is drawn to the π‐bond electrons of the alkene, which frames a π complex. The complex then breaks, forming a single bond between the hydrogen and one of the double-bonded carbons. A carbocation is formed when a carbon atom loses some of its share of the bond.
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consider the price to book ratios of the following companies: company a: 5.45 company b: 14.30 company c: 10.08 company d: 19.62 which company do investors believe will create the most value from its assets?
The price-to-book ratio is measured by dividing the market value of a company's share by its book value. A high price-to-book ratio means the market is willing to pay a premium to buy the company stock to earn a greater return in view of successful growth. Here, Company D is having the highest price-to-book ratio i.e., 19.62 among all the listed companies.
In marketing, rates are promotional items — toys, collectables, souvenirs and household merchandise — which might be connected to a product, and often require proofs of buy which include box tops or tokens to collect.[1][2] The consumer normally has to pay at least the delivery and handling prices to acquire the top rate. charges are every now and then called prizes, despite the fact that historically the word "prize" has been used to indicate (as opposed to a premium) an item this is packaged with the product (or to be had from the retailer at the time of purchase) and calls for no additional price over the value of the product.
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What is the process of managing changes to the business requirements throughout the project?
Requirements management
Requirements definition document
Requirements documentation
All the above
the process of managing changes to the business requirements throughout the project is known as requirements management.
Descriptions of the necessary system characteristics and functionalities are established during the analysis phase. Screen designs, business rules, process diagrams, pseudo code, and other documentation might be included in these descriptions.
How do you manage requirements?Requirements management in the project seeks to ensure that a business accurately documents, validates, and meets the needs and expectations of its customers and other internal or external stakeholders. The first step in requirements management is the analysis and elicitation of the organization's objectives and constraints.
Requirements managing is changes to the business requirements throughout the project
Other elements of requirements management include assisting with planning for requirements, integrating requirements and the organization for dealing with them, as well as interactions with other information delivering on requirements and modifications for these.
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riley's company realized it could not make the component parts at its plant in thailand because that plant did not have the necessary manufacturing tooling to do the job. this demonstrates how
This demonstrates how Technology performs a function in in which a organization produces.
The required details about Technology is mentioned in below paragraph.
Technology is the utility of know-how to attain practical goals in a specifiable and reproducible way. The word era may additionally imply the fabricated from such an endeavor.The use of era is broadly conventional in medicine, science, industry, communication, transportation, and every day life. Technologies encompass bodily items like utensils or machines and intangible tools such as software.
The earliest recognized era is the stone tool, utilized in the prehistoric era,accompanied by hearthplace use, which contributed to the growth of the human mind and the improvement of language in the Ice Age. The invention of the wheel in the Bronze Age enabled wider journey and the advent of extra complex machines.Recent technological developments, which includes the printing press, the telephone, and the Internet have lowered communication limitations and ushered in the know-how economy.
(COMPLETE QUESTION)
Riley's company realized it could not make the component parts at its plant in Thailand because that plant did not have the necessary manufacturing tooling to do the job. This demonstrates how ______ plays a role in where a company produces.
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if you want to value a firm that has consistent earnings grow, but varies how it pays out these earnings to shareholders between dividends and repurchases, the simplest model for you to use is the:
The simplest model for you to use is the discounted free cash flow model.
reductions and allowances are reductions to a primary charge of goods or services. they could arise everywhere within the distribution channel, modifying both the manufacturer's list rate (decided by the producer and often imprinted on the package), the retail charge (set via the retailer and often attached to the product with a sticky label), or the list charge (that is quoted to a capability customer, typically in written form). there are many purposes for discounting, including to increase brief-time period income, to transport out-of-date stock, to praise treasured clients, to inspire distribution channel participants to perform a feature, or to otherwise reward behaviors that benefit the bargain provider.
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Which of the following is NOT a typical closing cost associated with the purchase of a home?
a. homeowners insurance premiums
b. legal fees
C. title insurance
d. appraisal and inspection fees
Title insurance of the following is not a typical closing cost associated with the purchase of a home. Thus, option (C) is correct
What is the insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.
Loan origination fees, discount points, appraisal fees, title search fees, title insurance fees, surveys, taxes, deed recording fees, and credit report fees are a few examples of these expenses. Within three days of receiving a home loan application, the lender is obligated by law to include these fees in a loan estimate form.
Therefore, The following title insurance is not often included in the closing costs for buying a home. So, the answer is (C).
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when considering the residual operating income model, a company value to net operating assets ratio equal to 1 would suggest: select one: a. present value of expected ropi is equal to 1 b. present value of expected ropi is equal to 0 c. future ropi is equal to 0 d. future ropi is equal to 1
When considering the residual operating income model, a company value to net operating assets ratio equal to 1 would suggest the present value of expected rope is equal to 0.
Present value is the present value of a future amount of money. For example, if $110 is promised for one year, the present value is the present value of that $110.
Present value is the amount of money that must be invested to achieve a particular future goal. Future value is the amount of money that will accrue over time if that amount is invested. Present value is the amount that must be invested to realize future value.
Annuity present value is the present value of all future annuity payments. The return rate or discount rate is part of the calculation. Future payments of the annuity are reduced based on the discount rate. Therefore, the higher the discount rate, the lower the present value of the annuity.
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What is an example of applying cadence and synchronization in SAFe?
Using a Portfolio Kanban system
Creating cross-functional teams
Conducting a System Demo
Working in iterations
A System Demo serves as an illustration of how cadence and synchronization are used in SAFe. This is due to the fact that a System Demo's main function is to showcase the outcome of an iteration and ensure that everyone is aware of the final goal.
Executives, managers, and leaders are currently receiving training as a result of a team recently adopting the SAFe Implementation Roadmap. Cadence and synchronization, when combined, are essential ideas that aid in managing the inherent variety of our job. Our main business stakeholders will be able to count on a more trustworthy, dependable approach for developing and delivering solutions as a result. Program level cadence and synchronization are provided by the Agile Release Train, which promotes alignment and aids in risk management. It is based on the acceptance and agreement to a set of standard operating procedures and guidelines that are adhered to by all teams making up the train.
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classify the statements as true or false. a. emissions taxes encourage firms to find innovative ways to remove pollution. b. firms generate the same level of pollution regardless of any emissions taxes that are imposed. c. an emissions tax is a type of pigouvian tax. d. environmental standards are typically more efficient than emissions taxes. e. with an emissions tax, firms must pay a fine if they pollute more than the legally specified amount.
The statements mentioned under A, D, and E are true and the statements B and C are false with regard to the emissions taxes.
Emissions taxes can be referred to or considered as the taxes that are charged on the companies by the government or other relevant authorities, when they cause pollution due to emissions over a set standard of the permissible limits.
The emission taxes are sought as an effective way of controlling a bar on the pollution caused by industries and factories due to the regular course of the operations of their business activities within the same environment.
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when resources are shared or owned in common, the nash equilibrium leads to: higher profits than with unshared resources. overuse of resources. underuse of resources. lower profits than with unshared resources.
The nash equilibrium causes resource overuse when resources are shared or held jointly. The correct answer is option (b). Overuse of resources.
What is Nash equilibrium?In game theory, a Nash equilibrium is a circumstance where a player will stick to their chosen strategy despite having no reason to change it after taking the opponent's approach into account.
According to the idea of Nash equilibrium in game theory, the best result occurs when participants have no reason to change their initial course of action. Despite being aware of their opponent's approach, the players still won't stray from the ones they first selected since each player still finds it to be the best course of action. The most advantageous course of action is not necessarily taken when the Nash equilibrium exists.
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tony's has a marginal income tax rate of 24% and pays fica tax on all salary (7.65%). tony's employer offered a choice between $5,000 additional salary or a nontaxable fringe benefit that would cost $3,600 if tony purchased the benefit directly. which of the following statements is true (answers rounded to the nearest whole dollar)? multiple choice the fringe benefit and the additional salary have the same after-tax value. the fringe benefit is worth $183 more than the additional salary. the additional salary is worth $1,600 more than the fringe benefit. none of these choices are true.
Thus the fringe benefit is worth $183 more than the additional salary is true.
What are fringe benefits?A fringe benefit is a type of compensation for providing services. When you permit a worker to use a company vehicle to get to and from work, for instance, you are giving them a fringe benefit. Fringe perks are typically counted into an employee's gross pay. You do not include a reportable fringe benefits amount (RFBA), even though it appears on your income statement or payment summary and is shown on your tax return, remit income tax or a Medicare levied amount.
Given:
The fringe benefit is valued at $3,600.
The additional salary after taxes is:
= 5,000 - (5,000 × 24%) - (5,000 × 7.65%)
= 5,000 - 1,200 - 382.5
= $3,418
So the fringe benefit is worth more than the salary by:
= 3,600 - 3,418
= $182
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in the case opener, apple customers tried to disaffirm purchases of game currency by their children. what was the result?
The absence of any case law to support the assertion that Apple's Terms of Service acted as a binding contract for all ensuing transactions prevented the court from tossing the lawsuit out of hand.
A lawsuit is a civil legal action brought by one person or organization (the plaintiff) against another person or organization (the defendant), with the goal of having the case decided by a court. The case may be heard by a court of law or a court of equity, depending on the remedy sought and the location where the plaintiff files the lawsuit.
In the event that one of the parties violates a predetermined clause, a binding contract is a legal agreement that can be upheld by a court of law. It is a contract that one or more people or businesses enter into that can be reviewed by the legal system if any of the agreed-upon terms are broken.
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home health manufactures medical supplies. for the month of april, it projects the following selling and administrative expenses: sales commissions: 8% of sales shipping expense: $12,800 advertising and marketing costs: $4,200 electric and water utilities: $1,900 equipment depreciation: $18,700 bad debt expense: $3,000 sales for the month of april equal $694,000. what is the total of expenses that will be reported on the budgeted income statement? $96,120 $619,580 $597,880 $74,420
The total expenses that will be reported on the budgeted income statement are $96,120.
Calculate the sales commissions:
Sales commissions = 8% x $694,000 = $55,520
Calculate the total expenses that will be reported on the budgeted income statement:
Total expenses = Sales commissions + Shipping expense + Advertising and marketing costs + Electric and water utilities + Equipment depreciation + Bad debt expense
Total expenses = $55,520 + $12,800 + $4,200 + $1,900 + $18,700 + $3,000
Total expenses = $96,120
Therefore, the total expenses that will be reported on the budgeted income statement are $96,120 and option number 1 is correct.
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atie murphy has been directed by the toyota dealership's general manager to cut prices on last year's models, place and ad in the local paper, and tell manufacturers to reduce delivery for the next month. which step of the marketing planning process is katie engaged in
Katie is engaged in implement marketing mix and resources, which is a step of the marketing planning process.
A marketing planning process is a methodical procedure for creating marketing objectives, plans, and execution strategies. It can be applied to a wide range of situations, including normal planning of new business development initiatives and the introduction of a new firm
A phase of the process may be more or less important depending on your particular circumstances. Executives with extensive backgrounds in professional services, some of whom may hold top management positions, frequently hold this opinion.
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An increase in aggregate demand results in a(n) _____ in the _____.
a. recession, long run
b. expansion, long run
c. expansion, short run
d. recession, short run
Option C is correct. An increase in aggregate demand results in a(n) expansion in the short run.
The costs of labor and products are the principal driver of organic market in the economy. However, the converse is likewise evident: changes in organic market influence the cost of labor and products. The link between aggregate demand and general price levels is not necessarily clear or direct. Notwithstanding, in the most broad sense (and under ceteris paribus conditions), an expansion in total interest relates with an expansion in the cost level.
Aggregate demand increments when the parts of aggregate demand including consumption spending, venture spending, government endlessly spending on sends out less imports-rise.
Aggregate demand is a economic measurement of the all out amount of completed labor and products that are requested in an economy. This estimation is communicated as the aggregate sum of cash traded for those labor and products at a particular value level and moment.
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What makes homelessness an interdisciplinary problem?
Homelessness is an interdisciplinary issue since it cannot be solved by a single field of study, and we must take into account several viewpoints in order to discover a workable solution.
What is Interdisciplinary problem?The blending of many academic fields into a single endeavor is known as interdisciplinarity or interdisciplinary studies. It incorporates information from many other disciplines, including sociology, psychology, economics, etc. It involves generating something by thinking outside the box.
A cooperative process to interdisciplinary learning is one that involves instructors and students working together to solve open-ended, real-world issues that are clearly relevant to both their own lives and the greater society. Interdisciplinary studies are frequently used in literature to solve complex problems that are too broad for one subject to adequately cover.
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Warranty service, processing of complaints, and costs of litigation are examples of:
a. Internal costs of defects
b. External costs of defects
c. Appraisal costs
d. Prevention costs
e. Replacement costs
Option B, Examples of external failure costs include warranty service, complaint processing, and legal cost .
Liability claims. Warranty claims are seen as a cost of external failure. It is a cost that the company incurs to replace and repair goods that customers have recently purchased. Repairing flaws found by consumers results in external failure costs. These expenses cost arise external failure costs when goods or services that fall short of design quality requirements are warranty not discovered until after they have been transferred to the client. They could consist of: Service and repairs in warranty are performed on both faulty and working items.
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Which of the following is not an external user of a business's financial information? O A. Investors OB. Customers O c. Employee OD. Taxing authorities
Employees are not outside users of a company's financial data. The employees do not access the financial data externally.
Instead, because they are employees of the business, they are regarded as internal users of the financial data. The personnel review and evaluate financial data for a variety of purposes, including reviewing profitability to plan for bonuses or evaluations.
Investors: Investors are outside parties. They are concerned about a company's financial health since they have invested money in it.
assessing agencies: External users include the tax authorities. They examine financial data from a company to determine the appropriate taxes to be collected.
Customers. External users are customers. They are a client that a business provides on the outside.
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which alternative better describes the idea that producers are price takers in perfect competition? g
MR = P h alternative better describes the idea that producers are price takers in perfect competition.
In perfect competition, are all participants price takers?
In a market with perfect competition, or one in which all businesses sell the same good, there are no barriers to entry or departure, each business has a little market share, and all consumers are fully informed about the market, all economic factors are regarded as price takers.
What is perfect competition?
According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.
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