In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
Why is profit maximizing important?This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.In a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms..However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.In a nutshell, in the long run equilibrium P=MR=MC and P=AC.Hence, if price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will produce at an economic loss.Additionally, Average Total Cost (ATC) can be defined as the overall cost of production divided by total output of production. It is calculated by dividing total cost by total output of production or by adding TVC and TFC.To learn more about profit-maximizing refer to:
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In a make or buy decision , which of the costs below are relevant ? 1. Fixed costs that will not change regardless of the decision . 2. Fixed costs that can be avoided in the future if the decision is to buy . 3. Only direct material costs . 4. Only conversion costs.
Option (2) "Fixed costs that can be avoided in the future if the decision is to buy" is the correct answer.
In a make or buy decision, relevant costs are those costs that are affected by the decision and can help in making a rational decision.
Fixed costs that will not change regardless of the decision are irrelevant in a make or buy decision since they are sunk costs and cannot be altered by the decision. Fixed costs that can be avoided in the future if the decision is to buy are relevant in the decision-making process as they can be saved by choosing to buy from an external supplier rather than producing internally. Direct material costs and conversion costs are both relevant in a make or buy decision. Direct material costs are the cost of raw materials required to produce a product or service, while conversion costs are the costs of labor and manufacturing overhead needed to convert raw materials into finished products. By comparing the costs of producing internally versus purchasing from an external supplier, a company can determine which option is more cost-effective.
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If the market interest rate for a bond is higher than the stated interest rate, the bond will sell at:__________
Answer:
a. a discount
Explanation:
Options are "a. a discount. b. a premium, c. par, d. either a discount or premium"
If the market interest rate for a bond is higher than the stated interest rate, the bond will sell at a discount. If Bond Coupon rate (Stated Interest rate) is Lower than YTM (Market Interest Rate) or YTM > Coupon rate Then Bond is selling at a Discount.
In which type of analysis are corporate goals and plans compared with the existing manpower inventory to determine the training needs?
a. Organization analysis
b. Operation analysis
c. Individual analysis
d. None of the above
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
She wants a career that lets her travel to different companies and show workers there how to use complex software. Which term BEST describes Mara’s career goal? team-building specialist external trainer internal trainer cohesion specialist
The term that describes Mara’s career goal is to be an external trainer. Option (b) is correct.
What do you mean by cohesion specialist?Plan social cohesion activities centered around your neighborhood, ensuring the use of Do No Harm and conflict-sensitive strategies is a Cohesion specialist.
External training is distinguished by the possibility that the instructors have more extensive training backgrounds and more in-depth theoretical and practical knowledge. Employees can get a different perspective and learn about new methods thanks to external training, which also brings ideas from outside the organization.
Therefore, Option (b) is correct.
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Assuming that everything else is equal, select the bond that most likely pays a higher Interest rate:
a. A bond issued by a government that is engaged in a civil war.
b. A bond issued by the government of Japan.
Which of the following statements about stocks are correct?
1. The Standard & Poor's 500 is an example of a stock index.
2. A corporation can increase the price of its stock by issuing additional shares of stock.
3. The corporation that issues stock raises revenue every time its stock changes hands on organized stock exchanges.
Answer:
1. a. A bond issued by a government that is engaged in a civil war.
2. 1. The Standard & Poor's 500 is an example of a stock index.
Explanation:
A key part of the interest rate on a bond is the risk attached to the issuer of the bond. A government engaged in civil war is definitely riskier than the stable government of Japan because there is a chance that they might not even pay if they are defeated and a new government comes in. Such a government will therefore issue at a higher rate to cater for this risk.
The Standard and Poor's 500 is indeed an example of a stock index and it is used to gauge the performance of 500 large companies on various exchanges in the U.S. A corporation can either increase, decrease or maintain stock price by issuing stock so option 2 is wrong. Option 3 is wrong as well because trading stock on an organized exchange does not bring in any revenue for the issuing firm.
g Financial statements are designed primarily to: Group of answer choices Indicate to investors in a particular company the current market values of their investments. Report to the Internal Revenue Service the company's taxable income. Provide people outside the business organization with information about the company's financial position and operating results. Provide managers with detailed information tailored to the managers' specific information needs. None is correct.
Answer:
Provide people outside the business organization with information about the company's financial position and operating results
Explanation:
The Financial statement refers to the statement that involves income statement, balance sheet, statement of stockholder equity, and the cash flow statement, etc
This should be provided to the outsiders through which the outsiders could analyze the financial position of an organization
Hence, the third option is correct
You just won a lottery that promises to pay you $1 million exactly 10 years from today. Because the $1 million payment is guaranteed by the state in which you live, opportunities exist to sell the claim today for an immediate lump-sum cash payment. What is the least you will sell your claim for if you could earn 8.73 % on similar-risk investments during the 10-year period
Answer:
The minimum price is $434,214.74.
Explanation:
Giving the following information:
Future Value= $1,000,000
Number of periods= 10 years
Discount rate= 8.73%
The minimum price of the prize is the present value of the payment. To calculate the present value, we need to use the following formula:
PV= FV /(1 + i)^n
PV= 1,000,000 / (1.087^10)
PV= $434,214.74
The minimum price is $434,214.74.
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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See full question below
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
Net exports equal
a. imports minus exports.
b.Y-(C + I + G).
c. Y-(C-1-G)
d. exports plus imports.
Answer:
b.Y-(C + I + G).
Explanation:
The net exports is determined when the import is deducted from the exports
i.e.
Net exports = Exports - imports
So according to the given situation, the first option is correct
As
GDP = Consumption + investment + government purchase + net exports
Here
GDP be Y
Consumption be C
Investment be I
Government purchase be G
So, the correct option is a.
Match each federal law in Column A to the protection it gives to consumers in Column B.
Column A:
1) Requires banks to give customers documents explaining the rules and policies of a savings account.
2) Ensures financial institutions protect your personal information.
3) Requires creditors to provide written rules to borrowers about the costs and fees associated with the credit or a loan.
4) Allows you to dispute incorrect information on paper bank or credit card statements.
5) Allows you to dispute incorrect information on an electronic bank or credit card statements.
6) Allows you to receive a free copy of your credit report.
7) Requires debt collectors to follow fair guidelines.
Column B:
Gramm-Leach-Bliley Act
Truth in Savings Act
Truth in Lending Act
Fair Credit Billing Act
Electronic Funds Transfer Act
Fair Credit Reporting Act
Fair Debt Collection Practices Act
The correct matching of the federal laws are given below:
What is the matching of the federal laws?Truth in Savings Act requires banks to give customers documents explaining the rules and policies of a savings account.
Gramm-Leach-Bliley Act ensures financial institutions protect your personal information.
Truth in Lending Act requires creditors to provide written rules to borrowers about the costs and fees associated with the credit or a loan.
Fair Credit Billing Act allows you to dispute incorrect information on paper bank or credit card statements.
Electronic Funds Transfer Act allows you to dispute incorrect information on electronic bank or credit card statements.
Fair Credit Reporting Act allows you to receive a free copy of your credit report.
Fair Debt Collection Practices Act requires debt collectors to follow fair guidelines.
These federal laws provide different protections to consumers, from access to information about savings and loans, to the right to dispute errors on credit card statements, to fair debt collection practices.
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What should you do to streamline the purchasing process once the customer approves an estimate?
You should copy it to a purchase order.
I hope this helps!!!
What do insurance sales agents do?
Answer:
Explanation:
Insurance sales agents contact potential customers and sell one or more types of insurance. These agents explain various insurance policies and help clients choose the plans that suit them
More than are located in Georgia. production companies A notable film school in filmmakers and hosts an annual film festival. educates future Also, the West Georgia Technical College in produces several TV series. Georgia State University has the largest film- production program
CMII-sponsored workforce research helped convince state legislators to establish the Georgia Film Academy, which only a small number of Georgia State students participate in each year.
The University System of Georgia's largest and oldest film program is offered at Georgia State University. Nearly every local studio employs former students of Georgia State. Students at Georgia State have a variety of methods to interact with the film and television production sector.
Some kids figure out how to get jobs as extras in films. The experience is entertaining and a great introduction to the reality of working on a sound stage, while it is not very beneficial as job training.
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Conduct a SWOT analysis by summarizing the internal strengths (S) and weaknesses (W) of your product or company, as well as the external opportunities (O) and threats (T). If you don’t have enough information about your start-up company yet, you can continue to use mock information as you have in previous assignments. The goal of the activity is to practice with this strategic thinking tool.
By conducting a SWOT analysis, ABC Company can gain insights into its internal strengths and weaknesses while identifying external opportunities and threats. This analysis can inform strategic decision-making, allowing the company to capitalize on its strengths, address weaknesses, seize opportunities, and mitigate threats effectively.
SWOT Analysis for ABC Company:
Strengths (S):
Innovative product: ABC Company offers a unique and innovative product that sets it apart from competitors, giving it a competitive edge.
Strong brand reputation: The company has built a solid brand reputation over the years, known for delivering high-quality products and excellent customer service
Skilled workforce: ABC Company has a talented and skilled workforce that contributes to the development and success of the product.
Robust financial position: The company has a strong financial position, allowing for investments in research and development, marketing, and expansion opportunities.
Weaknesses (W):
Limited market presence: ABC Company is relatively new in the market, resulting in limited brand awareness and a smaller customer base compared to established competitors.
Lack of diversification: The company relies heavily on a single product, which poses a risk if the demand for that product decreases or a new competitor enters the market.
Limited distribution channels: The company currently has limited distribution channels, which may restrict its reach and hinder market penetration efforts.
Opportunities (O):
Market expansion: There is an opportunity for ABC Company to expand its market reach by targeting new customer segments or entering new geographical markets.
Technological advancements: Rapid technological advancements present opportunities for the company to enhance its product or develop new offerings to meet evolving customer needs.
Strategic partnerships: Collaborating with strategic partners can provide access to new distribution channels, enhance brand visibility, and facilitate market expansion.
Threats (T):
Intense competition: The market is highly competitive, with several established players and new entrants. Competitors may replicate or improve upon ABC Company's product, posing a threat to its market share.
Changing consumer preferences: Shifting consumer preferences and trends may impact the demand for the company's product, requiring continuous innovation and adaptation.
Regulatory challenges: Compliance with evolving regulations and industry standards poses potential challenges and may require additional resources and efforts to ensure compliance.
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(214) 1. Distinguish between technical efficiency and allocative efficiency. Use the two concepts of efficiency to compare a perfect market structure with a monopoly.
Technical efficiency refers to the ability to produce the maximum output from a given set of inputs or resources. It focuses on the production process and achieving the highest output level with the least amount of resources wasted. Technical efficiency emphasizes optimizing the production process to minimize costs and maximize productivity.
Allocative efficiency, on the other hand, relates to the allocation of resources in a way that maximizes overall social welfare. It refers to the ideal allocation of resources that matches consumers' preferences and demands. Allocative efficiency ensures that resources are allocated so that goods and services align with consumer preferences. This results in the best outcome for society.
When comparing an ideal market structure with a monopoly in terms of efficiency, there are significant differences. In an ideal market structure, characterized by complete competition, both technical and allocative efficiency is typically achieved. Many buyers and sellers exist, information is freely available, and no single entity controls the market. Competition drives firms to produce at the lowest cost and offer goods and services that match consumer preferences, leading to technical and economic efficiency.
In contrast, a monopoly represents a market structure where a single firm dominates the industry and has substantial market power. In terms of technical efficiency, a monopoly may not necessarily achieve the same level as a perfectly competitive market. Due to the lack of competition, a monopoly may not have the same incentive to minimize costs or innovate as efficiently as possible. This can result in higher production costs and lower technical efficiency.
Regarding allocation efficiency, monopolies often fail. Without competition, a monopolistic firm can set prices higher than the marginal cost of production, resulting in a suboptimal allocation of resources. The monopolist may prioritize maximizing profits rather than satisfying consumer preferences. This leads to a less efficient allocation of resources than in a perfectly competitive market.
Overall, an ideal market structure exhibits higher levels of technical and allocative efficiency than a monopoly. When true competition promotes resource optimization and consumer satisfaction, resulting in more efficient resource allocation.
Baiman, Inc. issues $1,000,000 of zero-coupon bonds that mature in 10 years. Compute the bond issue price assuming that the bonds' market rate is:
a. 10% per year compounded semiannually.
Round your answers to the nearest dollar.
Answer:
Zero-cupon bond= $376,889.48
Explanation:
Giving the following formula:
Face value= $1,000,000
Mature= 10*2= 20 semesters
Market rate= 0.1/2= 0.05
To calculate the price of the bond, we need to use the following formula:
Zero-cupon bond= [face value/(1+i)^n]
Zero-cupon bond= [1,000,000 / (1.05^20)]
Zero-cupon bond= $376,889.48
Starting a new business as a sole proprietorship
O requires retaining the services of an attorney.
O is very similar to starting a business as a corporation.
O is usually simpler and less expensive than starting other forms of ownership.
O is simple, but the proprietorship fee is very expensive in some provinces.
If you were a manager in a company that operates in many countries, what criteria would you use to determine whether an application should be developed as a global application or as a local application?
As a manager in a company that operates in many countries, I would consider the following criteria to determine whether an application should be developed as a global application or a local application:
Market demand: The first criterion would be to determine if there is a global market demand for the application. If the application addresses a need that is common across multiple countries, it makes sense to develop a global application. However, if the application is specific to a particular country or region, it may be better to develop a local application.
Cultural considerations: Cultural differences between countries can be a significant factor when deciding whether to develop a global or local application. Certain features that are accepted or preferred in one country may not be well-received in another. Therefore, it is essential to understand the cultural preferences of the target audience and design the application accordingly.
Language: If the application requires support for multiple languages, it may make more sense to develop a global application. In contrast, a local application would only need to support the primary language spoken in the country or region.
Legal requirements: Legal and regulatory requirements can differ significantly from country to country. Therefore, it is essential to ensure that the application complies with local regulations, including privacy laws, data protection laws, and other relevant regulations.
Cost considerations: Developing a global application can be more expensive due to the need to consider cultural, legal, and language differences. Therefore, cost considerations should be taken into account when deciding between a global or local application.
By considering these criteria, a manager can determine whether an application should be developed as a global application or a local application.
Your goal for a month was to keep cost of goods sold under 25% of revenues for food and drinks. Your restaurant sold $36,889 of food on costs of $11,507. Your bar sold $14,887 in drinks on costs of $1,097. Did you meet your goal?
Yes Definitely the goal was met.
What is Calculation ?Total sales equal 36889+14887 ($51776) for food and beverages.
Food and beverage expenses add up to total sales costs, which come to $1604 ($11507 + $1097).
COGS/Total Sales Revenue multiplied by 100 equals (12604/51776)/100 or (0.2434)/100, which equals 24.34% of revenue.
Less than 25% aim was achieved by the cost of goods sold, which was 24.34%. The monthly objective was therefore accomplished.
One of the major costs that restaurateurs worldwide must pay is the cost of food. Rising food prices are a constant problem for the restaurant business wherever you go. Exercise of portion management is essential in this situation for the survival of a restaurant.
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Which of the following plans generally identifies the basic
purpose of an organization?
(A) Competitive strategy
(B) Corporate policy
(C) Mission statement
(D) Long-range plan
Answer:
Explanation:
A mission statement is a concise statement that describes the fundamental purpose of an organization, including its key stakeholders, the products or services it provides, and the values that guide its operations. It is an essential component of an organization's strategic planning process and serves as a guiding principle for decision-making and goal-setting.
Competitive strategy refers to the methods and techniques that a company uses to gain a competitive advantage in the marketplace, while corporate policy refers to the rules and guidelines that govern an organization's operations. Long-range plans are strategic plans that extend several years into the future and outline an organization's goals and objectives over that time period.
Therefore, the answer is (C)- Mission statement
Suppose that you purchased your home in 2014 and believe that, based upon recent
comparable home sales in your vicinity, your home has a market value of $675,000. You
decide to put your home on the market for $720,000 to allow room for future negotiation
towards your desired selling price of $675,000. After several days, you receive a text
message from your broker informing you that prospective buyers have been balking at
making you an offer as they have seen that Zillow is valuing your house online for only
$600,000. Explain whether you have a right to sue Zillow and, if so, under what liability
law(s).
Zillow, a popular online real estate database and marketplace, provides estimates of home values through its proprietary Zestimate tool. However, in the case where a seller disagrees with Zillow’s valuation of their property, the seller does not have the right to sue Zillow, and there are no legal grounds for a lawsuit.
In addition, the seller voluntarily uses the tool to estimate their property's worth. Although Zillow uses a complex algorithm that considers various factors to determine the value of a property, the tool is not perfect, and its estimates can be incorrect. A home’s value depends on various factors, including location, condition, recent sales prices of comparable homes in the area, and market trends. It is essential to note that Zillow’s Zestimate tool does not physically visit homes, and, therefore, may not be able to factor in some critical variables affecting the value of a property.
As a result, Zillow's online estimates should be used only as a starting point for determining the property's value. Ultimately, the actual value of the property will be determined by the final price a buyer is willing to pay, the seller’s selling price, and the current market conditions. Therefore, it is essential to get a professional appraisal to get an accurate valuation of the property. In conclusion, a seller does not have the right to sue Zillow as there are no grounds for a lawsuit.
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Explain project teams
Answer:
A project team is a team whose members usually[quantify] belong to different groups, have different functions and are assigned by the project manager to activities for the same project. A team can be divided[by whom?] into sub-teams according to need. Usually project teams are only used[by whom?] for a defined period of time. They are disbanded[by whom?] after the project is deemed[by whom?] complete. Due to the nature of the specific formation and disbandment, project teams are usually in organizations.
Explanation:
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Like 4 avengers Endgame!!
Answer:
kkk(k(kkkkkkkkkkkkkkk
Answer:
yessssssssssss
Making the pro-forma financial statements as complicated as possible is always best
Answer:
false
Explanation:
Multiple Select
Which of the following are reasons people become entrepreneurs?
desire for achievement and self-satisfaction
need for financial freedom and security
frustration with their current career or place of work
motivation to invest their resources
Answer: opportunity
Independence
Profit
Explanation: I got all these right
Which Marketing Core Function is the following:
A person approaches you in the mall and asks if you would mind answering
some questions on a survey.
A) Promotion
B) Marketing Concept
C) Marketing Information Management
D) Channel Management
Answer:
C. Marketing information Management
This is the answer
How much interest does a $407 investment earn at 6% over seven years?
Answer:
$170.94
Explanation:
interest is calculate using the formula
I= p x r x t
where p = principle amount: $407
r = interest rate: 6% or 0.06
t= time: 7 year
I= $407 x 0.06 x 7
I= $24.42 x 7
I= $170.94
the freedom of people to decide where they want to work and live, and what they want to buy or sell are basic capitalist rights under
The correct option is C. The freedom of people to decide where they want to work and live, and what they want to buy or sell are basic capitalist rights under freedom of choice.
Freedom is understood as both having the capacity to behave or trade without constraint or possessing the strength and resources to satisfy one's functions unhindered. Freedom is frequently associated with liberty and autonomy in the sense of "giving oneself their very own laws", and with having rights and the civil liberties with which to work out them without undue interference by way of the kingdom. frequently discussed kinds of political freedom consist of freedom of assembly, freedom of affiliation, freedom of preference, and freedom of speech.
In a single definition, something is "free" if it could change easily and isn't restricted in its gift nation. In philosophy and religion, freedom is occasionally related to loose will, without undue or unjust constraints on a good way to, together with enslavement. it is an concept carefully tied with the idea of negative liberty.
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Complete Question:
the freedom of people to decide where they want to work and live, and what they want to buy or sell are basic capitalist rights under
A). freedom of competition.
B). freedom of expression.
C). freedom of choice.
D). Eminent domain
"One of the best methods of developing an economy is to expand local
markets so that the local community has access to all the markets.'
Based on the statement above, explain what local govemment needs to do to
expand local markets,
(2/2) (4
Answer:
This kinda hard
Explanation:
I can’t do it