PLEASE HELP in 2 to 3 sentences, explain the role of prices in a market and include distrbution, producers, and consumers
Price is the biggest and most important direct determinant in a market for aspects like distribution, producers, and the consumers in the market at large.
What is the significance of price?Price of a product, in an economy, can be referred to or considered as the rate at which a particular quantity of such product is demanded and supplied in the market in which such price prevails.
Higher price attracts producers and distributors, while lower price of a product in a market will attract a larger number of customers to buy such product.
Therefore, the significance regarding price has been aforementioned.
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How does specialization affect voluntary exchange between countries?
Answer:
It increases voluntary exchange by encouraging other countries to be less self-sufficient
Explanation:
Compare and contrast the principal characteristics of a market economy with those of a command economy
Answer: Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
Explanation:
Market economy; is an economic system where decisions regarding investment, production and distribution are controlled by the price signals created by forces of supply and demand.
Demand economy; is an economic system where the consumers desire to buy goods and services and their willingness to pay a particular price for them. An increase in the process of a good or service will decrease the quantity demanded
Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
Quinn works for a manufacturing company and is in the process of making a decision about the funding of future projects. Since the company has outlined more potential projects than can actually be funded, Quinn must select those projects that promise the greatest future return for the company. Quinn is involved in the process of:
Answer: Capital Budgeting
Explanation:
if the interest rate is 5 percent and cash flows are $3,000 at the end of year one and $5,000 at the end of year two, then the present value of these cash flows is
The present value of these cash flows is $7392.29 if the interest rate is 5% and they total $3,000 and $5,000 at the end of years one and two, respectively.
What exactly is cash flow?The net amount of cash that a company receives and expends over the course of a given period of time is known as cash flow. For a firm to continue operating, a positive cash flow must be maintained. Positive cash flows are also necessary to produce value for investors.
Investors in particular prefer to see growing cash flows even after capital expenditures have been paid (which is known as free cash flow). Typically, a month, quarter, or year is used as the normal reporting period over which cash flow is monitored.
Calculation:
The values used in the questions are listed below.
5% interest rate
Initial cash flow is $3000.
Two-year cash flow equals $5,000
Now, using the aforementioned figures, we must determine the present value of these cash flows.
The present value is determined as follows:
Cash Flow = Cash Inflow / (1 + i)^N
\(\frac{3000}{(1+0.05)^{1} } + \frac{5000}{(1+0.05)^{2} }\) is the present value.
Value Today = $7,392.29
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what your name answer in 1 minute
Answer:
Adrean :)
Explanation:
eugh
homeworklib On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the absorption costing concept: Weatherford Company Absorption Costing Income Statement For the Month Ended November 30 Sales (4,400 units) $127,600 Cost of goods sold: Cost of goods manufactured (5,000 units) $105,000 Inventory, November 30 (700 units) (14,700) Total cost of goods sold 90,300 Gross profit $37,300 Selling and administrative expenses 22,640 Income from operations $14,660 Assume the fixed manufacturing costs were $27,300 and the fixed selling and administrative expenses were $11,090. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.
Answer:
Sales $127,600
Variable Cost of Goods sold
Variable Cost of goods manufactured $105,000
Inventory, November 30 ($ 14,700)
Total Variable Cost of Goods sold ($90,300)
Manufacturing Margin $37,300
Selling and administrative expenses - Variable (22,640)
Contribution margin $14,660
Fixed Costs
Fixed manufacturing costs $27,300
Fixed selling and administrative expenses $11,090
Total Fixed costs ($38,390)
Loss from operations ($23,730)
What are the different levels of a product? Explain with a suitable
example
Explain the decisions taken for an individual product.
Discuss the characteristics of a service that different"
Different levels of a product are discussed below: Core benefit level: This is the fundamental level of a product. It involves identifying the core benefit that consumers seek.
Example: The core benefit of purchasing a car is mobility. Basic product level: This involves creating a product to deliver the core benefits.
Augmented product level: This level involves further adding to the expected product by offering additional features and benefits.
Branding: A company must decide on the branding for its product, including its name, packaging, and logo. Packaging and labeling: It is essential to design packaging and labeling that effectively communicates the product’s features, quality, and value to the target audience.
Pricing: Pricing decisions must be made based on an understanding of the product’s value and the target audience’s willingness to pay.
Distribution: The product must be made available to the target audience through appropriate channels of distribution. Promotion:
Characteristics of a service that differentiate it from a product are explained below: Intangibility: Services are intangible as they cannot be seen, touched, or felt. They are activities performed by people that result in benefits to the service buyer. Inseparability: Services are inseparable, which means they cannot be separated from their service providers. Service providers play an essential role in delivering the service.
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What is an Individual Asynchronous Communicator? And provide 2 examples of people who are like that
Answer:
asynchronous communication is when you send a message without expecting an immediate response. For example, you send an email. I open and respond to the email several hours later. You can choose anyone you know for the example of people who are like that part. <3
Explanation:
Brainliest and 50 points each.
An athletic shoe company that specializes in running shoes is developing a new shoe that has cutting edge features that will revolutionize long-distance running. This product has never been sold before, and they would like to launch right before summer. In 1 to 2 paragraphs, describe the marketing research that would help solve this problem.
Examine past sales history: Examine sales history to determine and differentiate which items sold well and which did not. Conduct extensive market research: This is critical for predicting future sales and determining whether the shoes will sell satisfactorily.
What is meant by past sales history?Past sales history is the checking of the sales and the time and occurrence of the sales, and on which product the sales are maximum. This will help the team to understand the preference of the customers.
Past sales history helps the company to forecast their next strategy and understand the customer. This is used in making the shoes of people kinds.
Thus, Examine past sales history and Conduct extensive market research.
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What do pilots do on a daily basis? What kinds of skills and knowledge does a pilot need to have? Do you think you would want the job of pilot? Why or why not?
NO LINKS I WILL REPORT!! 15 POINTS PLEASE ANSWER QUICKLY!!!
Damerly Company (a Utah employer) wants to give a holiday bonus check of $350 to each employee. Since it wants the check amount to be $350, it will need to gross-up the amount of the bonus. Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $46,910. Besides being subject to social security taxes and federal income tax (supplemental rate), a 5% Utah income tax must be withheld on supplemental payments.
Answer:
$350
Explanation:
Calculation for the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative
Social Security rate 6.20%
Medicare rate 1.45%
Federal Income tax 22.00%
State income tax 5.00%
Total tax percentage 34.65%
Calculation for the Required gross bonus
Required gross bonus =$350/(1-34.65%)
Required gross bonus=$350/1-0.3465
Required gross bonus=$350/0.6535
Required gross bonus=$535.57
Gross bonus amount $535.57
Federal Income tax withheld (117.82) ($535.57*22%)
OASDI tax withheld (33.20)
($535.57*6.2%)
HI tax withheld (7.76)
($535.57*1.45%)
Utah Income tax withheld (26.77)
($535.57*5%)
Take home bonus check $350.00
Therefore the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative will be $350.00
one internal revenue code section enables shareholders in a small business corporation to obtain an ordinary deduction for any loss recognized on a stock investment. true or false
The statement is false. There is no specific Internal Revenue Code (IRC) section that allows shareholders in a small business corporation to obtain an ordinary deduction for any loss recognized on a stock investment.
The statement is not accurate. The Internal Revenue Code does not have a specific provision that grants ordinary deductions for stock investment losses to shareholders in small business corporations. Generally, the treatment of losses on stock investments depends on the individual's tax status and the nature of the investment.
For individual taxpayers, stock investment losses are typically treated as capital losses rather than ordinary losses. Capital losses can be used to offset capital gains, and if the losses exceed the gains, they can be used to offset other types of income up to certain limits.
However, there are specific rules and limitations governing the treatment of capital losses, such as the limitation on capital loss deductions and the distinction between short-term and long-term capital gains and losses.
It's important for shareholders in small business corporations to consult with a qualified tax professional or refer to the specific provisions of the Internal Revenue Code to understand the tax treatment of their stock investment losses accurately.
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What are Pre-Tax Deductions and Contributions?
a) Contributions taken out of your paycheck BEFORE taxes are calculated on your income
b) Contributions taken out of your paycheck AFTER taxes are calculated on your income
__________ is used to describe the interdependence among elements of the global economy.
a. Nationalization
b. Industrialism
c. Globalization
d. Internationalism
Globalization is a term used to describe the interdependence and interconnectedness among various elements of the global economy, including countries, businesses, individuals, and cultures.
It refers to the process of integration and interdependence that occurs as a result of the exchange of goods, services, information, and ideas across borders. A detailed answer to your question would involve an in-depth explanation of how globalization impacts various aspects of the global economy, including trade, investment, finance, and culture. A long answer would provide a comprehensive overview of the historical, economic, political, and social factors that have contributed to the rise of globalization, as well as the opportunities and challenges it presents for different stakeholders.
Overall, explaining the concept of globalization requires a nuanced understanding of its complex and multifaceted nature, as well as its implications for the future of the global economy and society. Globalization is the process by which businesses and other organizations develop international influence or start operating on an international scale. It describes the growing interdependence among elements of the global economy, such as trade, investment, and communication, leading to the exchange of goods, services, ideas, and cultures across borders.
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Susan works as a claims handler for AB Ltd, an insurer.
A policyholder of AB Ltd is a local authority, which has responsibility for a children's outdoor playground. The local authority telephones Susan to discuss a claim.
The local authority has received a claim against it for personal injury to a child who had fallen off a slide in the playground. The local authority admits to Susan that it had failed to maintain the slide and it was this lack of maintenance that caused the child to fall off the slide.
(a) Identify, with justification, the tort that the local authority is most likely to have committed. Your
answer must not include the common law tort of negligence. (4)
(b) Explain briefly, the legal remedy available to the child in respect of their personal injury.
A local authority, also known as a local government or local municipality, refers to a governing body that has jurisdiction over a specific geographic area, such as a city, town, or county.
(a) The tort that the local authority is most likely to have committed is the statutory duty tort. The statutory duty tort can be described as the violation of a statutory duty that has been imposed by a statute of Parliament. This duty of care imposed by a statute may be owed to the public at large or a specific class of people, such as employees or customers.
(b) Legal remedy available to the child in respect of their personal injury: The legal remedy available to the child in respect of their personal injury would be damaged. The objective of the award of damages is to compensate the plaintiff for the loss that he or she has suffered as a result of the defendant's wrongdoing.
Special damages are losses that can be calculated objectively and that have a specific financial value. Examples of special damages include medical expenses, lost wages, and travel expenses. General damages, on the other hand, are not as easily quantifiable as special damages. They are awarded for losses that are difficult to measure objectively and that do not have a specific financial value.
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Marriott’s bonvoy program is an example of a ________blank, which is specifically designed to retain customers by offering premiums or other incentives to customers who make multiple purchases over time.
Marriott's bonvoy program is an example Loyalty Reward Program.
What is a loyalty program?
Retailers and other businesses who sponsor loyalty programs do so to attract and retain customers by offering rewards, discounts, and other unique incentives.
They are designed to reward clients for their brand or store loyalty and to encourage repeat business (hence the name). A consumer typically obtains greater rewards the more frequently they purchase at the firm and the more money they spend.
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if an depreciable asset is sold before the end of its useful life for more than its salvage value, the difference between the two amounts is defined as capital gain for tax accounting.
The difference between the two sums is referred to as a capital gain for tax accounting purposes when an asset is sold before the end of its useful life for more than its salvage value.
A long-term asset's depreciable cost is the sum of the asset's purchase price and its salvage value. An asset usage transaction is the cash purchase of a brand-new delivery truck. Each year, the account for accumulated depreciation is closed. The estimated value of a fixed asset at the conclusion of its useful life or lease term is known as the residual value, sometimes known as salvage value.
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Help what’s the answer?
A normal good is one that sees an increase in demand as a result of an increase in the income of consumers.
To put it another way, a rise in wages leads to an increase in demand for standard goods, whereas a decrease in wages or layoffs results in a decrease in demand.
When the price of a typical good goes up, what happens?
An increase in the cost of a typical good accomplishes the same thing.Consumers are more likely to substitute other goods whose prices are currently relatively lower because of the higher price.As a result, less is needed because of the substitution effect.
What happens to a product's price when demand rises?
If the demand for a good or service exceeds the supply at the current price, there is a shortage. The price goes up as a result. The equilibrium price will rise in the event of an increase in demand while the other conditions remain unchanged; The offered quantity will rise.
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Careers in the Public Service cluster can help make a difference in the world but they can be tough careers to work in. Describe what a person who would love working in this field may be like.
Answer:
Working in public sector requires alertness, assertiveness, intelligence, and emotional stability in any individual
Explanation:
Career in public sector services require lot of efforts and determination along with passion for working for the betterment of the society.
A person must love to take up challenges of every day life, must be compassionate towards their fellow country mate, must be intellectual, emotionally intelligent and along with that must have control on their feeling, vocals speeches, or any social media remarks.
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answer:monopoly
Explanation:
A business should refrain custom development of software applications when ______.Question options:A)
oly offshore contract programming companies are capable of developing the software
B)
ore than 75% of the functionality require by the organization is provided by commercial-off-the-shelf (COTS) software products
C)open source versions of software applications are availableD)
All of the above
A business should refrain custom development of software applications when more than 75% of the functionality required by the organization is provided by commercial-off-the-shelf (COTS) software products.
When more than 75% of the required functionality can be fulfilled by existing commercial-off-the-shelf (COTS) software products, it is generally advisable for a business to refrain from custom development of software applications.
COTS software products are pre-built, commercially available software solutions that are developed and maintained by third-party vendors. They often offer a wide range of functionalities and are designed to meet the needs of various industries and organizations.
By utilizing COTS software products, businesses can save time and resources that would otherwise be spent on custom development.
These products are often well-established, tested, and supported by the vendor, providing a reliable solution for the majority of the required functionalities.
Custom development should be reserved for cases where unique or specialized requirements cannot be adequately addressed by existing COTS solutions.
Options A and C are not universally applicable reasons to refrain from custom development.
The capability of offshore contract programming companies or the availability of open-source versions of software applications may not be the sole determining factors in deciding whether to pursue custom development.
Therefore, the most appropriate reason to refrain from custom development in this scenario is when more than 75% of the required functionality is already provided by commercial-off-the-shelf (COTS) software products, as stated in option B.
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Delectable, Inc.'s unadjusted trial balance includes Accounts Receivable of $10,000; Allowance for Doubtful Accounts of $50 credit balance; and Sales Revenue of $100,000 (all on credit). Management estimates that 2% of credit sales will be uncollectible. Delectable's financial statements will show ______. (Check all that apply.)
Delectable's financial statements will show Allowance for Doubtful Accounts of $1,000 on balance sheet and Bad debts expense of $950 on Income statement
Here, we are to determine the records of bad debts expenses on Income statement and Allowance for doubtful accounts on Balance sheet.
Bad debts expense = Estimated bad debts - credit balance in allowance account
Bad debts expense = $1,000 - $50
Bad debts expense = $950
Journal Entry
General journal Debit Credit
Bad debts expense $950
Allowance for Doubtful accounts $950
(Bad debts expense recorded)
The allowance for doubtful account will be $1,000. ($950+$10) because the Allowance for Doubtful Accounts had $50 credit balance.
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Students will write a three-page essay about themselves, and their families! This essay can include detailed family history, sharing any struggles that their family has faced. Students should also include their own background, school interests, activities, work, etc., (About 375 words)
In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;
The Introduction The bodyThe conclusionFor this essay concentrate on yourself and write about what makes you you.
This is further explained below.
What is family?Generally, A family is a group of two or more people who are connected by blood, marriage, or adoption and who live together; all of these people are regarded as belonging to the same family.
In conclusion, Write about yourself as well as the unique features of your family, detailed family history, sharing any struggles that your family has faced.
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Which factor is LEAST likely to shift the labor supply curve for web designers? O increase in wages in alternative jobs that use similar skills as a web designer decrease in the number of college students studying to be web designers increase in the productivity of web designers as a result of improved software improvement in nonwage aspects of web designing work
The factor that is least likely to shift the labor supply curve for web designers is D. Improvement in nonwage aspects of web designing work.
What is the reason?This is because nonwage aspects, such as job satisfaction and working conditions, are not directly related to the quantity of labor supplied. An increase in wages in alternative jobs that use similar skills as a web designer, a decrease in the number of college students studying to be web designers, and an increase in the productivity of web designers as a result of improved software are all factors that could potentially shift the labor supply curve for web designers.
When wages in alternative jobs increase, more workers may choose to work in those jobs instead of becoming web designers, which would decrease the supply of labor for web designing.
A decrease in the number of college students studying to be web designers would also decrease the supply of labor.
An increase in productivity would allow web designers to produce more output with the same amount of input, which would increase the quantity of labor supplied at any given wage level.
Hence, option d. is correct.
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a company introduces a new technology product to the market. it sets the product’s price at the highest price it thinks customers will pay. which type of pricing strategy is the company using?
Answer:
Skim pricing is the correct answer.
Explanation:
To buy a product, customers in a market must first
To buy a product, customers must first have the need for the product.
Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.
Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.
Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.
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In pure competition, producers compete exclusively on the basis of
a. selling identical items.
b. advertising heavily to promote their good.
c. producing the unique features of their good.
d. focusing on maintaining a positive image.
Answer:
a. selling identical items.
Explanation:
A pure competition market is characterized by many firms selling a homogeneous product in a market with many buyers. There are no dominant suppliers; hence no single or group of sellers can influence the price. Pure competition is also the perfect competition.
The key characteristics of pure competition are
There are many buyers and sellersAll firms sell an identical productAll sellers are price takers. None can influence pricesThere is intense competition due to the high number of sellersEase of entry and exit from the market.A. selling identical items.
What are the 4 types of cloning?
The four types of cloning are : Gene Cloning, Reproductive Cloning, Therapeutic Cloning and Synthetic Cloning.
The Cloning is defined as the process of creating an identical copy of an organism, cell, or DNA sequence.
The four types of cloning are :
(i) Gene cloning : This involves the replication of DNA fragments, such as genes, in a laboratory setting. The goal of gene cloning is to produce large quantities of a specific DNA fragment.
(ii) Reproductive cloning : This involves the creation of an entire organism that is genetically identical to another.
(iii) Therapeutic cloning : This involves the creation of embryonic stem cells for use in medical treatments.
(iv) Synthetic cloning : This involves the creation of a completely artificial DNA sequence, rather than replicating an existing DNA sequence.
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Nikki is buying a new house and new furniture to decorate her new home. What kind of tax — progressive or regressive — will Nikki pay on each of her new purchases?
A regressive tax is that tax rate that Nikki will pay on the purchase on the new house and new furniture.
What is a regressive tax?This refers to a tax for which the percentage of income paid in taxes decreases as income increases.
These tax type are paid regardless of income such as the sales taxes, sin taxes, and property taxes.
Therefore, the regressive tax is that tax rate that Nikki will pay on the purchase on the new house and new furniture.
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