In monopolistic competition, prices are not determined by the forces of supply and demand. Firms sell similar but different products, so firms set prices.
A form of imperfect competition known as monopolistic competition pits a number of producers against each other while still offering goods that differ from each other and are therefore not exact substitutes. Edward Hastings Chamberlin, author of the seminal work Theory of Monopolistic Competition, is considered the "founding father" of the theory of monopolistic competition (1933). Aggregate market demand increases when more buyers are available. For example, if more people are able to buy yachts, the market and demand will grow.
Below are the different types of demand:
Demand is divided into the following categories: i. Individual and market demand; ii. Organization and demand of industry; iii. Autonomous and derived demand; iv. Demand for perishable and durable goods; and v. Short-term and long-term demand.
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Barton health services provided care to a patient worth $1,200. Because the patient was over the age of 65, barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would barton record the service transaction?.
If Barton health services provided care to a patient worth $1,200. Because the patient was over the age of 65, barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would barton record the service transaction is : Debit Cash, 960; Credit Service Revenue 960.
Journal entrySince the company provide care to patient that worth the amount of $1,200 in which the company as well gives 20% discount to its patient. The appropriate journal entry to record the transaction is :
Barton health services journal entry
Debit Cash 960
Credit Service Revenue 960
[ 1,200 - ( 1,200 × .20) ]
( 1,200 -240 = $960)
( To record sales revenue )
Therefore we can conclude that the company will debit cash of the amount of $960 and credit sales revenue of the amount of $960.
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when the audit team increases the planned assessed level of control risk because certain control activities were determined to be ineffective, the audit team would most likely increase the:
An auditor would most likely enhance the extent of testing of details when the assessed level of control risk is raised as a result of certain control procedures being found to be ineffective.
the level of risk of a substantial misstatement is raised by an auditor because?
Because some control measures were found to be poor, an auditor would most likely increase the following risks of material misstatement: length of controls' testing.
The anticipated assessed level of control risk is at what level.
During audit planning, auditors establish a projected assessed degree of control risk. Based on presumptions regarding the caliber of the internal control framework, the intended assessed level has been established. Based on data on internal controls, a real evaluated level of control risk is determined for each assertion.
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julian is a shareholder in big bang corporation. big bang has had an excellent year and declares $5,000 in dividends to its shareholders. julian is elated, because he can really use that $5,000. when julian receives his dividend check, it will be in the amount of:
Based on the dividends declared by the Big Bang Corporation, when Julian receives his check, the amount would be d) $5,000 minus taxes, because even though the corporation pays taxes on its profits, shareholders must also pay taxes on dividends.
How much dividends are received?Share holders in Corporations are known to face double taxation in the form of income tax, and dividend tax. This means that after corporations pay a tax on their net income for the period, they will still have to pay taxes on the dividends that they declare for their shareholders by deducting this tax from the dividends.
This means that Julian will not receive the entire dividend amount of $5,000 that was declared, but would instead receive less than $5,000 as taxes have to be paid.
Options for this question are:
a) $5,000, because corporations pay an annual tax to do business in the state, and, therefore, shareholders are not taxed on their dividends.b) $5,000, because the corporation pays taxes on profits, and, therefore, shareholders do not have to pay taxes on dividends.c) $5,000 minus taxes, because the corporation pays no taxes on its profits; all taxes are paid by the shareholders when dividends are awarded.d) $5,000 minus taxes, because even though the corporation pays taxes on its profits, shareholders must also pay taxes on dividends.Find out more on dividends at https://brainly.com/question/25845157
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imagine that you are an entrepreneur and you open a wholesale business selling entertainment equipment to retail outlets. most of your customers want to buy on credit. how can you use the balance sheets of customers to decide which ones to extend credit to? what exactly would you look at on each financial statement to help you decide if the retail outlet will pay your company (the wholesale) back for the goods you sold to them on credit?
Opening a wholesale business selling entertainment equipment to retail outlets , customers want to buy on credit extend which can be accounted on the basis of accrual concept of accounting.
Credit extension to the worthy consumers helps to increase sales and make allowances for trust and better purchases in the near future. Retail outlets generally use this scheme so that the goods and services of the shop are sold easily.
The maintain of the statements and account of credits can be done on the basis of accrual basis as it would help to extend credit easily and keep an account to the liable person to pay in future.
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last year, julie johnson bought one share of common stock for $925. during the year, julie received a $48.50 dividend. earlier today, she sold the stock for $967. what rate of return did julie earn on her investment? round your answer to two decimal places.
An investment's return is a profit in finance. Any change in the investment's value as well as any cash flows that the investor gets from the investment are included.
What rate of return did Julie earn on her investment ?
a) rate of return = dividend/price of stock (Po)
= 48.50/925
= 5%
b) dividend yield = dividend/current price (P1)
= 48.50/967
= 4.81%
c) capital gains yield = P1-Po/Po = 967 - 925 /925 = 42/925 = 4%
The ratio of net income (during a period of time) to investment is known as return on investment (ROI) or return on costs (ROC) (costs resulting from an investment of some resources at a point in time). A high ROI indicates that the returns on the investment outweigh the costs. ROI is used as a performance metric to assess an investment's effectiveness or to compare the effectiveness of multiple distinct investments. [1] It is a method of connecting earnings to capital invested in terms of economics.
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When a web page changes, _____ update their indexes and databases automatically to reflect the change.
When a web page changes, Crawler-based directories update their indexes and databases automatically to reflect the change.
Describe a database.
A database is a planned grouping of material that has been arranged and is often kept electronically in a computer system. A database management system often oversees a database (DBMS). The term "database system," which is frequently abbreviated to "database," refers to the combination of the data, the DBMS, and the applications that are connected to it.
To facilitate processing and data querying, the most popular types of databases currently in use typically model their data as rows and columns in a set of tables. The data may then be handled, updated, regulated, and structured with ease. For writing and querying data, most databases employ structured query language (SQL).
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purple corporation purchased $10,000 of merchandise on june 3, subject to the terms, 2/10, n/30. on june 9, it pays for all the merchandise purchased on june 3. purple corporation records discounts using the gross method in a perpetual inventory system. the entry on june 9 will reduce:
The entry on June 9 will reduce Inventory and cash and also accounts payable.
What is one reason for a perpetual inventory system?The ability to instantly track sales and inventory levels for specific items makes a perpetual inventory system better than the more traditional periodic inventory system and helps to avoid stockouts.
Given,
On 3 June Purchase of $10,000
Terms = 2/10, n/30
Required to pass the necessary journal entry if payment is made on 9 June under the perpetual inventory system.
Date Particulars Debit Credit
3 Jun Inventory $10,000
Accounts Payable $10,000
(Being purchase made on 3 June on credit bases)
9 Jun Accounts Payable $10,000
Cash $9.800
Inventory $200
(Being payment made for purchase on 3 June and cash discount adjusted)
On 9, June purple corporation debits the accounts payable by $10,000, credit the Cash accounts by $9800, and also credit the inventory accounts by $200.
Thus, the mentioned above are necessary journal entries to record the cash discount under the perpetual inventory system.
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what were country a's net exports in 2019?
-$32 is country A's net exports in 2019. A country with positive net exports has a trade surplus, whereas a country with negative net exports has a trade deficit.
Net Exports = Value of Exports – Value of Imports
Where, Value of Exports = Total value of foreign countries' spending on domestic goods and services. Import Value = Total value of domestic spending on goods and services imported.
Foreign purchases of domestically produced goods= $88
Domestic purchases of foreign goods= $120
$88-$120 = -$32
-$32 is country A's net exports in 2019. It has a trade deficit.
Here is the complete question-
The following table contains data for country A for the year 2019.
Household purchases of durable goods $1,293
Household purchases of nondurable goods $1,717
Household purchases of services $301
Household purchases of new housing $704
Purchases of capital equipment $310
Inventory changes $374
Purchases of new structures $611
Depreciation $117
Salaries of government workers $1,422
Government expenditures on public works $553
Transfer payments $777
Foreign purchases of domestically produced goods $88
Domestic purchases of foreign goods $120
Refer to Table 23-2. What were country A's net exports in 2019?
a. $32
b. $88
c. -$32
d. $120
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Olivia and Liam have heard complaints from fellow business owners about the tax burden they face due to their company’s business structure. What form of business ownership may involve double taxation?
A. Sole proprietorship
B. Partnership
C. Corporation
D. S corporation
C-Corporations' form of business ownership may involve double taxation.
C corporations are one after the other taxable entities.
They file a corporate tax return (form 1120) and pay taxes on the company degree.
In addition, they face the opportunity of double taxation if company income is distributed to commercial enterprise proprietors as dividends, which can be taken into consideration non-public taxable profits.
A C corporation (or C-corp) is a criminal structure for an enterprise wherein the proprietors, or shareholders, are taxed one at a time from the entity. C groups, the most ordinary of companies, are also challenged to company earnings taxation.
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in part, the trademark impulsivity of adolescence reflects that brain development proceeds more slowly in the brain's _____ than in its _____.
in part, the trademark impulsivity of adolescence reflects that brain development proceeds more slowly in the brain's Prefrontal Cortex than in its Limbic system.
Adolescence is a stage of physical and psychological development that commonly occurs between puberty and maturity (typically corresponding to the age of majority). Adolescence is commonly connected with adolescence, however, its physical, psychological, or cultural manifestations might begin sooner and end later. Puberty today usually starts at preadolescence, especially in females. Physical development (especially in males) and cognitive development can continue through the adolescent years. Age is simply an approximate indicator of adolescence, and researchers have yet to agree on a specific description. Some definitions begin at 10 and end as late as 25 or 26. According to the World Health Organization, an adolescent is someone between the ages of 10 and 19.
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What do you think will happen if you were late with tasks or assignments on a job?
When one can late with tasks or assignments on a job than the team leader will scold you and he or she can be terminated from the job. Due to this no cell phone policy has been introduced.
What is no cell phone policy?No cell phone policy has the policy in which the use of cell phone has been strictly prohibited and it has been implemented in the offices or working place to increase the productivity and concentration in the workings hours.
Excesive use of the cell phone at work can reduce the quality of work because while using phone brain stops to generate the good ideas and limit yourself. During working hours mobile devices are could to be in the desk and advised not to keep the mobile phone in hand or nearby working table.
Therefore, When one can late with tasks or assignments on a job than the team leader will scold you and he or she can be terminated from the job. Due to this no cell phone policy has been introduced.
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netflix’s program portfolio managers have to anticipate which shows viewers will want and ensure those shows or shows like them are available on netflix. which aspects of supply chain management are involved? check all that apply.
As the Netflix's managers anticipate what shows viewers will want and ensure those shows are available on netflix, the aspects of supply chain management that are involved includes:
inventory managementResources acquisitionProcurementWhat is a supply chain?In management, a supply chain refers to the network of individuals and companies who are involved in creating a product and as well as delivering it to the consumer. The links on the supply chain begin with the producers of the raw materials and end when the van delivers the finished product to the end user.
Furthermore, some of the components of a supply chain include producers, vendors, warehouses, transportation companies, distribution centers and retailers. In conclusion, the functions performed by a supply chain include product development, marketing, operations, distribution, finance, customer service etc.
Missing options "Check all that apply. Inventory management Resource acquisition Procurement Shipping costs"
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jan is a real estate licensee gathering information to help her seller determine a good listing price. how could expired listings help her in this process?
She uses expired listings to show the price below which the property won't sell.
How do expired listings work?All real estate listings have a time limit because they are only available for a limited amount of time. A listing becomes expired when that period of time has passed. An expired listing status is displayed as 'X' on the MLS® system. Every MLS® listing agreement has a term, during which the seller commits to marketing the house for a specific period of time.
The listing expires and the time period ends once that period has passed. According to the MLS® system's rules, listings must be up for at least 60 days; any less is really not enough time for a property to sell and isn't worth the trouble.
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how does the consumer decision process begin, that is, what is the first step? postpurchase behavior problem recognition store choice and purchase evaluation and selection information search
Answer: When consumers realize they have an unfulfilled need and want to reach a different desired state.
Explanation:
identify the accounts below that would be classified as long-term liabilities on a classified balance sheet. (check all that apply.)
a. Notes receivable due in 2 years
b. Investments in bonds
c. Land held for future expansion
The following accounts are those that will be considered long-term investments: 1. Bond-related investments 2. Land reserved for upcoming growth.
In a business setting, the corporation might invest in the bond in order to generate more income while keeping the investment's risk to a minimum. Likewise, the business must record activities related to its bond investment in its books, such as the bond's purchase, interest that has accrued, etc., until the bond is redeemed or sold back at maturity or earlier.
Account for investments in bonds is an asset with a normally negative balance. All fees associated with purchasing the bonds are included in the price of the bond purchase. In a business setting, the corporation might invest in the bond in order to generate more income while keeping the investment's risk to a minimum.
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The price of celery rises, but nothing has changed on the supply side of the market. What does this mean to celery farmers?.
It is a signal that celery is more valuable to consumers than it was before.
after the accounts are adjusted and closed at the end of the fiscal year, accounts receivable has a balance of $500,000 and allowance for doubtful accounts has a balance of $25,000. what is the net realizable value of the accounts receivable?
Customers' outstanding debts for goods or services they have received but haven't yet paid for are referred to as accounts receivable.
Because it lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset." The forecast made by management of the amount of receivable accounts that customers won't pay is known as the allowance, also referred to as a bad debt reserve.
Net Accounts receivable = $500000 - $25000
= $475000
A maker of furniture who has supplied furniture to a retail business is an example of an account receivable. Payment due is noted under accounts receivable once the manufacturer bills the retailer for the furniture. The maker of the furniture is awaiting payment from the retailer.
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because marigold wants to join comptia (the computer technology industry association), she agrees to adhere to this organization's professional code of ethics. this means that she .
Because marigold wants to join CompTIA (the computer technology industry association), she agrees to adhere to this organization's professional code of ethics. this means that she has promised to behave in a way that CompTIA has defined as desirable.
A code of ethics and expert behavior outlines the moral ideas that govern selections and conduct at an enterprise or organization. CompTIA provides well-known outlines of ways personnel have to behave, in addition to unique steerage for dealing with problems like harassment, safety, and conflicts of interest. CompTIA affords a not-unusual place set of regulations or requirements for all withinside the career to stick to. It defines first-rate practices for the career. It affords a foundation to fulfill compliance necessities for the career. CompTIA affords a prison widespread for the career.
The correct option is (A).
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the use of goods and services that satisfy basic human needs, improve the quality of life but minimize resource use is referred to as:
The use of goods and services that satisfy basic human needs, improve the quality of life resource use is referred to as sustainable consumption.
Sustainable consumption is the use of products and services in ways that minimize environmental repercussions in order to meet human needs not just now but also for future generations. Sustainable consumption is frequently linked to sustainable production; consumption refers to use and disposal (or recycling) by governments, businesses, and other organizations as well as people and homes. Sustainable consumption is inextricably linked to sustainable production and lifestyles.
It is the result of individual and communal decisions concerning ambitions, desires, and habits, which are conditioned, assisted, and constrained by society norms, political institutions, public policies, markets, and culture.
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the electric power company in a city increased its prices by 15% this year. since the demand for electricity is a(n) demand in the short run, the equilibrium price will .
The electric power company in a city increased its prices by 15% this year. since the demand for electricity is inelastic demand in the short run, the equilibrium price will greatly increase. Thus the correct option is C.
What is Demand?When the willingness of an individual to buy any product is increased it gives rise to demand. This willingness will shift with a change in the price or quality.
In this case, it is given that the electricity provider in a city raised its rates by 15%. The price will significantly rise due to increased demand because the demand for electricity is inelastic in the short term.
Therefore, option C is appropriate.
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The complete question is Propbably
The electric power company in a city increased its prices by 15% this year. Since the demand for electricity is a bad ________ demand in the short run, the equilibrium price will ________.
Select one:
a. inelastic; increase
b. inelastic; decrease
c. inelastic; greatly increase
d. elastic; decrease
unless two people who are producing two goods have exactly the same opportunity costs, then one person will have a comparative advantage in one good, and the other person will have a comparative advantage in the other good
Unless two producers of two goods have exactly a same opportunity costs, one will have a comparative advantage in one good and the other will get a comparative advantage in the other one. The grains obtained through specialisation and trade have been predicated on absolute advantage.
What is comparative advantage?
The ability of an economy to produce a specific good or service at a lower cost than its trading partners is referred to as comparative advantage. Comparative advantage is a term used to describe why businesses, countries, or individuals benefit from trade. Comparative advantage, as used in international trade, refers to the product lines that a country could indeed produce extra cheaply or easily than other countries. While this typically illustrates the trade benefits, some modern economists now admit that focusing solely on competitiveness can lead to resource exploitation and depletion. The law of comparative advantage is largely attributed to English political economist David Ricardo as well as his book On the Principles of Politics and Taxation, published in 1817, though it is more likely that the analysis was developed by Ricardo's mentor, James Mill.
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what is the economic effect of price ceilings? part 2 a. resources will be allocated efficiently. b. an effective price ceiling will lead to a shortage. c. there are no economic effects. d. an effective price ceiling will lead to a surplus.
The economic effect of price ceilings an effective price ceiling will lead to a shortage. Option B.
A price cap can increase the economic surplus of consumers while reducing the economic surplus of producers. When prices fall, supply becomes scarce, leading to lost sales. When an effective price cap is set, there is simultaneous excess demand and shortage of supply. Producers don't want low prices, consumers want cheaper products.
This creates a free-rider effect A price cap is the legal maximum price you will pay for a product or service. Governments set price caps to keep the prices of essential goods and services affordable. For example, when Hurricane Katrina hit in 2005, the price of bottled water exceeded $5 a gallon. If the price cap is set below the equilibrium price the demand for education will exceed the supply creating a shortage.
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market segmentation involves aggregating prospective buyers into groups that ________blank and will respond similarly to a marketing action.
Market segmentation involves aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action.
Market segmentation divides a market into subsets according to demographics, requirements, goals, shared interests, and other psychographic or behavioral factors that help marketers better understand their target market. Your product, sales, and marketing tactics can benefit from this targeting if you have a good understanding of your market segmentation. The environment in which the product is sold, the outcomes of market and marketing research, as well as the traits of the product's target market, all have an impact on the marketing mix, which specifies the specifications of the product and how it will be marketed. Marketing, which may also involve choosing a target audience, is the process of discovering, developing, and providing value to satisfy a target market's needs in terms of products and services.
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will is an office manager with a college degree, five years of experience, and a track record of being rated excellent at his work. he supervises seven staff members, and his employer pays him $40,000 a year. according to equity theory, which comparison would most likely lead will to conclude that his rate of pay is unfair?multiple choiceanother company’s office manager has ten years of experience and earns $50,000.the office manager in another department supervises four employees and earns $45,000.welders without a college degree carry out dangerous tasks and earn $55,000.the average pay in the region for an office manager with five years’ experience is $38,000.one of brandon’s staff members earns $25,000, and another earns $32,000.
Based on the Equity theory, the comparison that Will might use to conclude that his pay rate is unfair is the office manager in another department supervises four employees and earns $45,000.
What is the equity theory?The Equity Theory as relates to the working environment, refers to the tendency of workers to be more motivated to work if they feel that their employers are treating them with fairness.
One of the key measures of fairness at work is equal pay. This doesn't mean that everyone should be paid the same amount, but rather that people at the same position in a company should be paid equally, all else being equal.
Will is an office manager who oversees seven people and he is paid $40,000. If there is an office manager earning $45,000 in the same company for supervising 4 people, that wouldn't feel fair to Will because he is at the same level as that person. Will would likely conclude that he is receiving unfair pay.
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Identify all the ways that could help slow the emergence and spread of antimicrobial resistance.
1. Educate patients on the proper use of prescribed drugs (don't skip a dose).
2. Encourage stricter regulations of medications in developing countries.
3. Encourage patients to stop taking medication as soon as they feel better.
4. Train healthcare workers to use proper handwashing and other hygiene measures when dealing with patients.
5. Encourage appropriate administration of drugs (don't over prescribe).
6. Only use antibiotics for serious viral infections, not for common colds.
Antibiotic resistance is a serious threat to public health. Learn how to prevent antibiotic resistance in the best way possible. When bacteria, fungi, and other microbes develop resistance to the drugs designed to kill them, it is said to be antimicrobial resistance.
When germs develop resistance to the actions of antibiotics, this phenomenon is known as antimicrobial resistance (AMR). Antimicrobials are occasionally used in other research-related techniques, such as disease simulation or disease progression analysis.
Implementing efficient control measures has become more challenging due to the emergence of superbugs and the expansion of antibiotic resistance to numerous environmental niches. Educating people about it becomes one of the important tasks.
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which action will be taken in the adjusting entry to record rent expense that has expired during the month? (assume that the rent was paid in advance and previously recorded as an asset.)
The adjusting entry for rent paid in advance and previously recorded as an asset will be debit rent expense account.
At the completion of the financial statement, when a trial balance has already been created, adjusting entries are financial journal entries. Your basic accounting adjustment entries are posted to the ledger accounts similar to any other accounting entry when you make them in your journals.
You can reconcile revenues and expenses to the fiscal period wherein they happened through using adjusting entries. Normally, real-time journal event logging should be used. This is owing to the accrual foundation of bookkeeping, that compels you to report expenses and income as soon as payments are made, or invoicing are generated in the financial statements. As a result, the adjustment entry records the formal transfer of money.
The complete question is here:
Which action will be taken in the adjusting entry to record rent expense that has expired during the month? (Assume that the rent was paid in advance and previously recorded as an asset)
a. Debit Prepaid Rent
b. Credit Cash
c. Debit Rent Expense
d. Debit Cash
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what types of metrics measure customer satisfaction? group of answer choices efficiency it metrics effectiveness it metrics both efficiency and effectiveness it metrics none of the above
Commonly used metrics for assessing customer satisfaction include
Customer Satisfaction Score (CSAT)Net Promoter Score (NPS)Customer Effort Score (CES)What is the metric of customer satisfaction?
A customer satisfaction survey that asks consumers to judge their experience following an encounter or purchase is used to calculate the customer satisfaction score (CSAT). You know the one that appears after you've completed or purchased something and inquire how it went.Net Promoter Score (NPS) is a popular customer satisfaction statistic that measures brand loyalty. It simply informs you if consumers would suggest you to others.The customer effort score assesses the amount of effort customers expend when conducting business with a company. It is determined using CES survey data, which asks customers how simple or difficult it was for them to achieve a certain objective with the companyThese are the commonly used metrics for assessing customer satisfaction
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keeping track of company resources can be an extremely important endeavor for any organization. unavailable resources are essentially a loss, as they cannot be employed to accomplish company objectives. what is a tool that is used to manage company resources?
In the process of keeping track of company resources can be an extremely important endeavor for any organization, tool that is used to manage company resources is Business Management Software.
What is the function of the Business Management Software?The function of the Business Management Software is that it help in the process of keeping track of the organization activities as wellas the activities that is gong on in the organization.
It should be noted that the business activities as well as other task that is needed to be done so as to be able to achieve the goal of the business can be achieved using the Business Management Software.
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What is the population doubling time in years for a country with an annual growth rate of 3. 5 percent?.
The population doubling time in years for a country with an annual growth rate of 3.5 percent is 20 years.
What is population doubling time?Population doubling time is described as the period within which the population will become double its initial size. It is important to mention that the period within which the population gets doubled in the projected period. Furthermore, the term doubling time is commonly used in the estimation of population and is commonly used in population geography.
Given that,
Rate of population growth (R) = 3.5%
To find the population doubling time, the Rule of 70 is applied because the population growth will experience exponential growth.
Hence, as per the formula,
Time period = 70/R = 70/3.5 = 20 years
It can be concluded that the population doubling time in years for a country with an annual growth rate of 3.5 percent is 20 years.
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mcguire company acquired 90 percent of hogan company on january 1, 2019, for $234,000 cash. this amount is reflective of hogan’s total acquisition-date fair value. hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. an analysis of hogan's net assets revealed the following:
Any excess consideration transferred over fair value attributable to an unamortized patent with a useful life of 5 years is a $2,000 decrease.
Common stock is ownership of a company and is the type of stock most people invest in. When people talk about stocks they usually refer to common stocks. In fact, most shares are issued in this form. Common stock is an ownership interest in a company that gives shareholders the right to vote at shareholders' meetings and the ability to receive dividends.
Common stock is a security that represents an ownership interest in a company. Ordinary shareholders elect a board of directors and vote on company policies. This form of equity ownership usually yields higher returns over the long term. Common stock is a security that represents an ownership interest in a company. There are other terms that correspond to common stock, such as common stock or voting stock.
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