The given statement “Decrease in the price of a italian-made coffee maker that is popular among u.s. consumers an increase in the price of a smooth streets industries pothole puncher, which is commercial construction equipment made in the u.s. but not bought by u.s. consumers” is false because.
To answer this question, we must consider the context of the events:
A decrease in the price of an Italian-made coffee maker popular among U.S. consumers might lead to an increase in demand for the product due to its lower price. This event will primarily affect the consumer goods market.
An increase in the price of a Smooth Streets Industries pothole puncher, which is commercial construction equipment made in the U.S. but not bought by U.S. consumers, would impact the construction industry, particularly for companies that purchase this equipment from outside the U.S.
Given that these two events are occurring in different markets (consumer goods and commercial construction equipment), it is unlikely that they are directly related. Therefore, the answer is:
b. False
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businesses formed trusts pools and holding companies mainly to
Businesses formed trusts, pools, and holding companies mainly to increase efficiency, reduce competition, and maximize profits.
Trusts are legal arrangements where a trustee manages assets on behalf of beneficiaries. In the business context, trusts are formed to consolidate control over multiple companies, allowing for coordinated actions and reduced competition.
Pools are agreements between companies to share resources, control prices, or divide markets, leading to stable market conditions and increased profitability. Holding companies are corporations that own or control other companies' stocks, enabling the parent company to exert control and manage resources efficiently without directly participating in their subsidiaries' operations.
By forming trusts, pools, and holding companies, businesses can achieve economies of scale, which lowers their production costs and makes them more competitive in the market. They can also prevent price wars and ensure stable profits by limiting competition, ensuring that companies can focus on long-term growth strategies rather than short-term battles for market share. Additionally, these structures allow for better coordination of resources, investments, and research, leading to innovation and improved product offerings.
In summary, businesses form trusts, pools, and holding companies to gain a competitive advantage, increase efficiency, and maximize profits.
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4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
Every year, the boss at a local company hosts an event at which individual employees are publicly recognized for outstanding work. This way of motivating workers is known as which of the following? A a nonmonetary incentive B an annual bonus C a marginal benefit D an opportunity cost
Answer:
A. a nonmonetary incentive
Explanation:
Non-monetary incentives are ways other than monetary or cash gifts of compensating employees for performing excellently within the organization. Giving of public awards, a sit-out with a boss, or letters of commendation are examples of non-monetary incentives that can be given to employees.
Employees tend to remember these rewards for a longer time because it boosts their confidence and mental disposition. It is important to provide these incentives as it motivates employees to work harder at their jobs.
What is an example of a flame?
The definition of a flame is burning gas, fire or blaze, or a strong passion. An example of a flame is a fire from a lighter. An example of a flame is an intense desire for a particular person. Flame is defined as to burn or light up, or to criticize harshly.
Answer: A flame is a very negative review that can seriously damage sales.
So if one of the choices has a bad review of an issue, like apartment maintenance getting a bad review, it is that answer.
Explanation: A pex
why has communism not been a successful economic system?
Answer:
because the goverment controls everything
Explanation:
A physical count of supplies on hand at the end of May for Masters, Inc. Indicated $1,250 of supplies on hand. The general ledger balance before any adjustment is $2,100. What is the adjusting entry for office supplie s that should be recorded on May 31?
Answer:
Debit Supplies Expenses $850 and Credit supplies $850
Explanation:
Kimdly check attached picture for explanation
Discuss measures that can be taken by the government to address
the problem of unemployment in the economy.
The government can implement several measures to address the problem of unemployment in the economy. These measures aim to stimulate job creation, improve the employability of individuals, and provide support to those who are unemployed.
One effective measure is implementing expansionary fiscal policies, such as increasing government spending or reducing taxes. This can stimulate aggregate demand, leading to increased business activity and job opportunities. Additionally, the government can invest in infrastructure projects, creating jobs directly and indirectly through the supply chain.
Another approach is implementing targeted job training and education programs. By providing individuals with relevant skills and knowledge, they become more employable in sectors with higher demand. This can involve partnerships with educational institutions and businesses to align training programs with industry needs.
The government can also establish supportive policies for businesses, such as reducing regulatory burdens and providing incentives for job creation. This can encourage businesses to expand and hire more workers.
Furthermore, implementing unemployment benefits and social safety nets can provide temporary financial support to those who are unemployed, helping them meet their basic needs while searching for employment. This can include job search assistance, career counseling, and reemployment programs to facilitate the transition back into the workforce.
Overall, a comprehensive approach combining fiscal policies, targeted training programs, business support, and social safety nets can help address the problem of unemployment and promote economic growth and stability.
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Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $1,150 cash from the issue of common stock. 2) Borrowed $620 from a bank. 3) Earned $800 of revenues cash. 4) Paid expenses of $290. 5) Paid a $90 dividend. During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.) 1) Issued an additional $525 of common stock. 2) Repaid $360 of its debt to the bank. 3) Earned revenues of $950 cash. 4) Paid expenses of $440. 5) Paid dividends of $140. What is the amount of total assets that will be reported on Packard's balance sheet at the end of Year 2
The amount of the total assets that should be reported on the balance sheet at the closing of year 2 is $2,725.
The following formula should be used for determining the total assets:
= Acquired cash + borrowed amount + revenues earned - expenses paid - dividend paid + issuance of the additional common stock - repaid debt amount + revenues earned - expenses paid - dividend paid
= $1,150 + $620 + $800 - $290 - $90 + $525 - $360 + $950 - $440 - $140
= $2,725
Therefore we can conclude that the amount of the total assets that should be reported on the balance sheet at the closing of year 2 is $2,725.
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what information is provided on the x-axis? what information is provided on the x-axis? average income of a person in a particular country percent change in a country's gross domestic product divided by the number of people in that country life satisfaction of the people in a particular country percent change in a country's consumer price index
The information is provided on the x-axis percent change in a country's gross domestic product divided by the number of people in that country so option a is correct.
The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by that manufacturing, or the total amount spent on finished goods and services (less imports).
For instance, if Country B produced 5 bananas value $1 each and 5 backrubs of $6 each in a year, the GDP would be $35. The GDP of Country B would be $40 if the price of bananas increased to $2 the next year and the amount produced remained same.
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Explain how an entity would initially and subsequently measure its right-of-use asset and lease liability if the leased asset is classified as investment property under the fair value model?
Assuming the fair value of the asset is not given at the end of the period, how will it be best computed? Compare and contrast the lease-related expenses if the entity uses the cost model and fair value model for its right-of-use asset.
Under accounting standard ASC 842, if a leased asset is classified as investment property under the fair value model, an entity would initially measure its right-of-use asset at the present value of lease payments plus any initial direct costs incurred. The lease liability would also be measured at the present value of the lease payments over the lease term.
Subsequently, the right-of-use asset would be measured using one of the following methods:
Cost model: Under this method, the right-of-use asset is measured at cost less accumulated depreciation and impairment losses.
Fair value model: Under this method, the right-of-use asset is measured at fair value, with changes in fair value recognized in profit or loss.
If the fair value of the leased asset is not given at the end of the period, the entity will need to estimate or determine the fair value of the asset based on available information, such as market data for similar assets or an appraisal conducted by a qualified appraiser.
When an entity uses the cost model for its right-of-use asset, the lease-related expenses are recognized in the income statement as a combination of depreciation and interest expense on the lease liability. The amount of depreciation expense is calculated based on the initial cost of the right-of-use asset divided by the expected useful life of the asset. Interest expense is calculated based on the outstanding balance of the lease liability multiplied by the incremental borrowing rate.
On the other hand, when an entity uses the fair value model for its right-of-use asset, changes in fair value are recognized in the income statement as they occur. Additionally, the entity would still recognize interest expense on the lease liability, which is calculated in the same way as in the cost model.
In summary, under ASC 842, an entity would initially measure its right-of-use asset and lease liability for an investment property leased asset at the present value of lease payments. Subsequently, the right-of-use asset may be measured using either the cost model or fair value model. If the entity uses the cost model, lease-related expenses are recognized in the income statement as a combination of depreciation and interest expense, while the fair value model recognizes changes in fair value in the income statement and also records interest expense on the lease liability.
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Please provide 3 recommendations for achieving an acceptablelevel of economic growth that reduces wealth and income inequalityand minimizes the production of greenhouse gasses.
The three recommendations for achieving an acceptable level of economic growth that reduces wealth and income inequality and minimizes the production of greenhouse gases:
1. Invest in clean energy: One of the most effective ways to reduce greenhouse gas emissions is to transition away from fossil fuels and towards clean energy sources like solar, wind, and hydro power.
Governments can promote clean energy by offering incentives for businesses to invest in renewable energy technologies, or by investing in clean energy infrastructure themselves.
2. Implement progressive taxation: To reduce wealth and income inequality, governments can implement a progressive tax system that taxes the wealthiest individuals and corporations at a higher rate than lower income earners.
The revenue generated from these taxes can then be used to fund social programs and initiatives that benefit the most vulnerable members of society.
3. Focus on sustainable development: Economic growth should be pursued in a way that is sustainable and doesn't harm the environment.
This means prioritizing investments in green infrastructure, promoting sustainable agriculture and transportation practices, and implementing regulations and policies that encourage environmentally-friendly practices in the business sector.
By taking a long-term approach to economic development, we can ensure that growth is both equitable and sustainable.
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The initial time to produce a first unit at a company is 400 hours. How many installations would a representative employee produce during their tenure at a company with a turnover rate of 12.06%? This question requires the table provided
A representative employee can produce 0.22 units.
The given data is shown in the following table:
Number of hours to produce one unit (H)400
Turnover rate (TR)12.06%
As we know that an employee will work for 100% minus the turnover rate of the company. Then, the effective time will be the following:
E = 100% – 12.06%
E = 87.94%
To determine how many installations a representative employee can produce during their tenure at a company, we can use the following formula:
Units = Time (E) / (H)
Units = 87.94% / 400
Units = 0.21985 units
Therefore, a representative employee can produce 0.21985 units during their tenure at a company, which can be rounded off to 0.22 units, but to get the actual number of units produced by the employee, we must know the tenure of the employee that how long he has worked in the company.
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Janessa wants to pay off her credit card balances within 12 months. She is trying to decide if she should use her $1,000 in savings to pay off part of the balances or if she should transfer the balances to a new card with a low introductory rate. The new credit card has an introductory rate of 6. 5% but charges a balance transfer fee of $50 for each balance transfer. Janessa decides to pay of Credit Card B and $420 of Credit Card A, then transfer the remaining balance of Credit Card A to the new card. Which of the following options shows the amount of Janessa's new monthly payment? Credit Card A: $957 Credit Card B: $580 a. $54. 97 b. $50. 66 c. $18. 12 d. $46. 34.
Explanation:
The answer is B$50.66 that's what I got
mainly explains the tendency for the yield curve to be upward sloping. question content area bottom part 1 a. market segmentation theory b. expectations theory c. investor perception theory d. liquidity preference theory
Liquidity preference theory mainly explains the tendency for the yield curve to be upward-sloping. Thus option D is correct.
What is market segmentation?The technique of dividing a marketplace into groups of consumers with common traits is known as segmentation
According to the money demand theory, protracted mortgage rates for most any individual issuer tend to have a higher than real issue because of the decreased liquidity as well as higher receptivity of extended investments to general interest rate fluctuations, which results in an up into the air lending rate.
Therefore, option D is the correct option.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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ACT410
Question Two (25 points) Explain the limitations of the Statement of Financial Position?
Firstly, the Statement of Financial Position only reflects the financial position of an organization at a specific point in time. It does not provide information about an organization's financial performance over a period of time.
Therefore, it cannot be used as the sole basis for evaluating an organization's financial performance.
Secondly, the Statement of Financial Position only includes items that can be quantified in monetary terms. It does not provide information about the value of an organization's intangible assets, such as its reputation, brand value, or intellectual property. Thirdly, the Statement of Financial Position does not take into account the effects of inflation, which can distort the values of assets and liabilities over time.
Fourthly, the Statement of Financial Position only includes items that are reported at historical cost, which may not reflect their current market value. This can result in an inaccurate representation of an organization's financial position. Finally, the Statement of Financial Position may not provide a complete picture of an organization's financial position, as it only includes items that can be measured and reported.
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when discussing capital investments, the term out-of-pocket costs refers to blank . multiple choice question. personal funds spent by company executives the profit given up by not choosing the next best alternative cash outlays for salaries, advertising, and other operating expenses small amounts of funds taken from petty cash
Answer:
Cash outlays for salaries, advertising, and other operating expenses
Explanation:
C. Out-of-pocket costs, when discussing capital investment , refer to cash outlays for salaries, advertising, and other operating expenses.
These are the actual expenditures made by a company for various operational activities related to the investment. Out-of-pocket costs represent the direct financial expenses incurred by the company, such as payments for wages, marketing, supplies, and other resources required to carry out the investment project. It does not refer to personal funds spent by company executives, the profit given up by not choosing the next best alternative, or small amounts of funds taken from petty cash.
when discussing capital investments, the term out-of-pocket costs refers to blank . multiple choice question. personal funds spent by company executives the profit given up by not choosing the next best alternative cash outlays for salaries, advertising, and other operating expenses small amounts of funds taken from petty cash
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Recommend strategies for an entrepreneur by identifying threemajor Socio-Economic and Technological drivers that contribute tothe success of airbnb
Some strategies for entrepreneurs looking to achieve success similar to Airbnb by identifying three major Socio-Economic and Technological drivers. Here are three drivers that contribute to Airbnb's success:
1) The sharing economy: The sharing economy is a socio-economic driver that Airbnb has leveraged to its advantage. It allows individuals to share resources such as homes, cars, and experiences. Entrepreneurs looking to replicate Airbnb's success should focus on creating a platform that enables individuals to share their resources with others.
2) Technology: Technology is another major driver that has contributed to the success of Airbnb. Airbnb's website and mobile app make it easy for individuals to book accommodations and share their homes with others. Entrepreneurs should focus on developing innovative technology platforms that are user-friendly and provide a seamless experience for customers.
3) Cultural shift towards experiential travel: There has been a shift in travel preferences among consumers from traditional hotel stays to experiential travel. Airbnb has capitalized on this trend by providing unique and authentic travel experiences that cannot be found in traditional hotels. Entrepreneurs should focus on creating unique travel experiences for customers that are not available through traditional hotel stays.
In conclusion, entrepreneurs looking to replicate Airbnb's success should focus on creating a platform that leverages the sharing economy, incorporates innovative technology, and provides unique travel experiences.
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Kiran owns a T-shirt shop in a beach community. For many years, he owned the only T-shirt shop in the area. Recently, several other T-shirt shops have opened next to Kiran’s shop. What is likely to happen?
Answer:
most likely kiran is going to go out of business
Explanation:
so he has to step up his products and have something that makes his stuff look outstanding like ads and he might want to have someone with a lot of fame to represent his brand
by a large margin, most business messages are multiple choice question. public relations messages. routine messages. messages meant to persuade. messages to communicate bad news.
By a large margin, most business messages are routine messages.
Routine messages are sent to conduct day-to-day business operations and help keep organizations functioning efficiently. These messages are usually transactional in nature, such as requests for information, confirmations, reminders, instructions, reports, and acknowledgments.
Routine messages serve a variety of purposes. For example, they can be used to remind someone of an upcoming deadline or to confirm that a task has been completed. They can also be used to communicate information, such as a new policy, to employees or customers. In addition, routine messages can be used to check in on progress, request updates, and provide feedback.
Routine messages are not meant to persuade or communicate bad news. Instead, they are used to help organizations keep track of their operations and ensure they are running smoothly. These messages are often brief and straightforward and are not intended to be used for public relations purposes.
Therefore, the answer would be routine messages.
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I will mark you as brainliest!
During the___step of the product development process a business will
likely have a fully functioning prototype of a new product.
A. product and promotion development
B. idea screening
C. post-launch review
D. business analysis
During the option B. idea screening step of the product development process a business will likely have a fully functioning prototype of a new product.
What function does a prototype serve in the creation of a product?New product development often starts with a concept study, then moves on to prototype development, actual productization, production, and post-sale support.
Prototypes are physical depictions of the various stages of development from the initial concept to the finished product. Every stage of the prototyping process provides useful information on how to produce a final design that will best serve the development project's ultimate objectives.
Note that By using prototypes, you can ensure that your final product is both safe and compliant with regulations in your sector. Cost-saving measures - Any alterations you make during the prototyping stage, whether to the product design, the materials used, or the production procedures, may enable you to reduce the price of the finished product.
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Answer: A: product and promotion development
Explanation:
Which of the following statements about the relationship between the financial market and the
economy is TRUE?
A. The financial market helps the economy grow.
B. The financial market only benefits companies in the economy.
C. The goods and services market influences the economy more
than the financial market.
D. There is no relation between the financial market and the
economy
Answer:
C
Explanation:
that makes sense more shdjdjjd
An inflation rate of 50% per year is evidence that which one of the following economic goals is not being reached?
group of answer choices
price stability
full employment
economic freedom
economic equity
An inflation rate of 50% per year is a clear indication that the economic goal of price stability is not being met. So correct answer is A
Price stability refers to the maintenance of a stable level of prices in the economy, which implies that prices should neither rise nor fall rapidly. Inflation occurs when the general price level of goods and services in the economy increases over time. This is often caused by an increase in the money supply in the economy, which can lead to an increase in demand for goods and services and consequently lead to an increase in prices.An inflation rate of 50% per year is extremely high and suggests that there is a significant increase in the general price level in the economy. Such high inflation can have several negative effects on the economy. For instance, it can erode the purchasing power of consumers, as their incomes may not be able to keep up with the rising prices. This can lead to a decline in consumer confidence, reduced spending, and a slowdown in economic growth.
Additionally, high inflation can also lead to a decrease in foreign investment, as investors may lose confidence in the economy's ability to maintain stable prices. This can lead to a decrease in the value of the country's currency and may make it more difficult for the government to borrow money from international markets.
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Help pleaseeee
Em TRONIK wwwportation og en mans are 34. boyour informed opinion, what is the best animal and why? Defend your answer with facts. (5 points) Not there are no right to, but an answer not supported by
In my informed opinion, it is difficult to determine the "best" animal as it is subjective and depends on various factors.
However, I can provide some information about different animals that showcase their unique qualities:
1. Dolphins: Dolphins are highly intelligent marine mammals known for their social behavior and communication skills. They exhibit complex problem-solving abilities and have been observed to show empathy towards others.
2. Elephants: Elephants are remarkable creatures known for their strong family bonds and emotional intelligence. They have excellent memory and exhibit behaviors such as mourning their dead and displaying compassion towards others.
3. Bees: Bees play a vital role in pollination, which is essential for the reproduction of many plant species. They are highly organized and work together in intricate social structures to maintain their colonies and produce honey.
4. Cheetahs: Cheetahs are the fastest land animals, capable of reaching incredible speeds in a matter of seconds. They possess incredible agility and keen eyesight, which aids them in hunting prey.
5. Dogs: Dogs are known for their loyalty, companionship, and versatility. They have been domesticated for thousands of years and have played various roles, including working animals, therapy animals, and beloved pets.
Ultimately, the "best" animal depends on individual preferences and the specific criteria used to evaluate them. Each animal has unique characteristics and contributes to the diversityand balance of our planet's ecosystems.
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A country has an absolute advantage in the production of a good if that country _____ a. has the lowest opportunity cost of producing the good, regardless of whether it is produced using the fewest resources. b. can produce the good using fewer resources than another country would require. c. has the greatest opportunity cost of producing the good, regardless of whether it is produced using the fewest resources. d. has the greatest opportunity cost of producing the good and can sell it at the highest price. e. has the lowest opportunity cost of producing the good and can sell it at the highest price.
Answer:
B
Explanation:
less resources are used and the country can also earn the same amount of money as the other countries with using less resources
A country has an absolute advantage in the production of a good if that country "can produce the good using fewer resources than another country would require". The correct option is B.
The country has an absolute advantage if it can produce a good using fewer resources than another country that means that this country is really good at making that product efficiently.
For example, the two countries making the same thing like cars. If Country A can make a car using fewer materials, time and effort than Country B then Country A has an absolute advantage in car production.
It's like being really good at making something with less waste and fewer expenses and making it more efficient overall.
Absolute advantage is about being the best at making a particular product by using as little as possible to get the job done.
Therefore, the correct option is B.
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Ownership of a call option entitles the owner to the __________ to __________ a specific stock, on or before a specific date, at a specific price.
Ownership of a call option entitles the owner to the right to buy a specific stock, on or before a specific date, at a specific price.
Call options give the holder or buyer of the options contract the right, but not the obligation, to buy the underlying stock at a specified price within a certain period. The holder of a call option contract has the right to purchase the underlying asset at the strike price, whereas the seller of the option has the obligation to sell the underlying asset if the holder decides to exercise their option.
The strike price is the price at which the underlying asset can be bought or sold when the option is exercised. The expiration date is the date on which the option contract ceases to exist. An option contract can be executed anytime before it expires. The call option, as opposed to a put option, is the right to buy an underlying asset at a predetermined price.
The main answer is the right to buy the underlying stock at a specified price within a certain period. In other words, ownership of a call option entitles the owner to the right to buy a specific stock, on or before a specific date, at a specific price.
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The Bridal Shop bought a dress from a supplier for $105 wholesale and applied a 65% markup to the price. If a 7. 5% sales tax were added after a 20% discount was used, what would be the total cost to purchase the dress?.
Based on the various additions as well as discount, the total cost of the dress would be $149.00
The cost of the dress after the markup would be:
= Wholesale cost x ( 1 + markup)
= 105 x (1 + 65%)
= 105 x 1.65
= $173.25
After the discount, the cost is:
= 173.25 x (1 - 20%)
= $138.60
The cost after the sales tax is:
= 138.60 x (1 + 7.5%)
= $148.995
= $149.00
In conclusion, the cost of the dress is $149.00
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Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($78), an NSF check from a customer ($280), a customer’s note receivable collected by the bank ($1,100), and interest earned ($28).
Required:
Record the necessary entries to adjust the balance of cash.
Answer and Explanation:
The journal entries required to adjust the balance of cash as follows:
1. Cash Dr $1,128
To Notes receivable $1,100
To Interest revenue $28
(Being the cash is recorded)
Here cash is debited as it increased the assets and credited the notes receivable and interest revenue as it decreased the assets and revenue
2. Service expense Dr $78
Account receivable Dr $280
To cash $358
(being the cash paid is recorded)
here service expense and account receivable is debited as it increased the expenses and assets and credited the cash as it decreased the assets
Who sets the price in a monopolistic competition?
Producers and consumers
Consumers only
Government
Producers only
Answer:
Consumers and producers
Explanation:
so A on edg 2021
The Producers and consumers set the price in a monopolistic competition.
What is a monopolistic competition?This is a competition that occurs in the market place due to the fact that there are a lot of firms offering similar products that are not identical.
In this type of market the price setting is done by those that consume the products and the product makers.
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when the value of the products or services a firm sells increases as a function of the number of business that the firm operates in, ________ are said to exist.
When the value of the products or services a firm sells increases as a function of the number of business that the firm operates in, economies of scale are said to exist.
What are economies of scale?Economies of scale are reductions in long-term average costs that come about as a result of increased output. As a result, economies of scale benefit businesses because they decrease the average cost per unit, allowing them to improve profitability. As a result, economies of scale can benefit both large and small businesses since they allow companies to produce more goods and services at a lower cost per unit.
The primary benefit of economies of scale is that they may make a company more profitable by allowing it to reduce the cost of manufacturing or purchasing goods. As a result, they can help businesses expand their operations, enter new markets, and compete more effectively with other companies. Companies can use a range of strategies to take advantage of economies of scale, including increasing output, lowering overheads, and negotiating discounts with suppliers.
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