The Law of Supply states that as the price of a good increases, ceteris paribus, the _________ of that good increases. This can be shown graphically with ________ supply curve or numerically in a table using a __________.
Answers
The Law of Supply states that as the price of a good increases, ceteris paribus, the quantity supplied of that good increases. This can be shown graphically with a upward-sloping supply curve or numerically in a table using a supply schedule.
The Law of Supply reflects the positive relationship between price and quantity supplied. As the price of a good increases, suppliers are motivated to produce and sell more of that good in order to maximize their profits. This is because higher prices provide an incentive for producers to allocate more resources and engage in production activities.
Graphically, the supply curve slopes upward from left to right, indicating that as the price increases, the quantity supplied also increases. This visually demonstrates the Law of Supply. Additionally, a supply schedule, which is a tabular representation of different price-quantity combinations, can be used to quantify the relationship between price and quantity supplied.
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Related Questions
what is the value to a start up business of using primary marketing research
Answers
Answer:
By conducting primary research using unbiased panellists, entrepreneurs can gain the latest information about the consumer's wants and needs, allowing them to adapt their product or service accordingly and gain a competitive advantage.
Explanation:
Type the correct answer in the box. Spell all words correctly.
Samantha is part of a project management team working on the initiation phase of a project. What is her team expected to do in this phase?
In the initiation phase, Samantha's team needs to clarify the project's _____
and justify it.
Answers
Answer:
Explanation:
Initiation phase is the first phase of a project management where the project is evaluated to know the purposes it has to be done , how it will be done and the resources needed to execute it.
At this stage , Samantha's team has to clarify and justify the project's purposes and feasibility in order to know why it has to be done and also how it will be completed and its purpose achieved.
national co. reported a net loss of $30,000 for 2012, yet its cash balance increased during the year. which financial statement should national's management refer to for an explanation of this situation? group of answer choices balance sheet income statement statement of retained earnings statement of cash flows
Answers
National Co.'s management should refer to the statement of cash flows to understand why the cash balance increased despite reporting a net loss in the income statement. The correct answer is option b.
The statement of cash flows presents a summary of the cash inflows and outflows during a specific period, classified into operating, investing, and financing activities.
This statement enables the management to understand the changes in cash and cash equivalents by reconciling the net income from the income statement with the cash inflows and outflows from the company's activities during the year.
A net loss in the income statement may not directly impact the cash balance since it represents a non-cash expense, such as depreciation or amortization.
Therefore, examining the changes in the company's cash flows provides a better insight into the company's financial health and liquidity.
By analyzing the operating, investing, and financing activities, National's management can identify the sources and uses of cash during the year and understand the reasons behind the increase in cash balance despite the net loss.
The correct answer is option b.
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Complete Question
national co. reported a net loss of $30,000 for 2012, yet its cash balance increased during the year. which financial statement should national's management refer to for an explanation of this situation? group of answer choices
a. balance sheet
b. income statement
c. statement of retained earnings
d. statement of cash flows
In terms of SUPPLY, what factors have contributed to the fall in oil prices?
Answers
list five of the important accounting assumptions that have had an impact on the development of generally accepted accounting principles.
Answers
Five important accounting assumptions that impact GAAP are: Going Concern, Accrual Basis, Monetary Unit, Time Period, and Historical Cost, guiding financial reporting for consistency and accuracy.
Five important accounting assumptions that have had an impact on the development of generally accepted accounting principles (GAAP) are:
1. Going Concern Assumption: This assumption assumes that the entity will continue its operations in the foreseeable future. It allows accountants to prepare financial statements under the assumption that the company will not liquidate or go bankrupt.
2. Accrual Basis Assumption: The accrual basis assumption requires that transactions and events are recorded in the financial statements when they occur, regardless of when the cash is received or paid. It helps provide a more accurate representation of a company's financial performance and position.
3. Monetary Unit Assumption: The monetary unit assumption assumes that the financial transactions and events recorded in the financial statements are expressed in a stable currency, such as the U.S. dollar. It allows for the measurement and comparison of financial information over time and between different entities.
4. Time Period Assumption: The time period assumption assumes that the economic activity of an entity can be divided into specific time periods for financial reporting purposes. It allows for the preparation of financial statements on a regular basis, such as monthly, quarterly, or annually.
5. Historical Cost Assumption: The historical cost assumption requires that assets and liabilities are recorded at their original acquisition or production cost. This assumption provides reliability and verifiability to the financial statements, but it may not always reflect the current market value of assets and liabilities.
These accounting assumptions form the foundation of GAAP and help guide the recognition, measurement, and disclosure of financial information to ensure consistency, comparability, and relevance in financial reporting.
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HELP!
Mary wants to open her own tattoo parlor. She will hire several tattoo artists.
She knows that tattoo parlors can sometimes be sued when people are
unhappy with their tattoos. What kind of business structure would provide
Mary with an appropriate level of legal support?
A. Partnership
B. Sole proprietorship
C. Corporation
D. Limited liability company
Answers
Corporations have many of the same legal rights and duties as humans. They have the legal authority to enter into agreements, give and receive loans, file lawsuits, employ people, own property, and file taxes. A "legal person" can also refer to a corporation.
Thus, for legal support Option C is correct.
What are a corporation's liabilities and obligations?A corporation also referred to as a C corp, is a separate legal entity from its owners. Corporations are able to generate revenue, pay taxes, and face legal consequences. The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities.
Corporate obligations may be of the financial, accounting, or legal variety. Corporate liabilities can result from bribery, false claims, embezzlement, insider trading, and breaking environmental regulations, among other things.
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Answer:
C. Corporation
Explanation:
In order for communities to connect workforce & economic development issues they must:
Answers
In order for communities to effectively connect workforce and economic development issues, it is crucial for them to prioritize collaboration and communication between key stakeholders.
This includes local government officials, business leaders, education and training institutions, and community members. One important step is to conduct a thorough analysis of the local economy, including identifying growth industries and potential workforce gaps. This information can then inform targeted workforce development initiatives, such as training programs or apprenticeships, that align with the needs of employers.
It is also important for communities to prioritize supporting local small businesses, as they are often the backbone of the local economy. This can include providing access to resources such as financing and technical assistance. In addition, communities should strive to create a welcoming and inclusive environment for all members of the workforce, including immigrants and other marginalized groups. This can help to attract and retain a diverse and skilled workforce, which can in turn support economic growth.
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What is the term used for when one company enters markets before its competitors?
O Early entry
O late O Last Entry
O First mover
Answers
The term used for when one company enters markets before its competitors is "First Mover". This refers to a company that is the first to introduce a product or service in a particular market.
The first mover has the advantage of establishing a brand identity and customer loyalty before its competitors even enter the market. This can lead to a dominant market position and higher profits in the long run. However, being a first mover can also be risky as there is no guarantee of success and competitors may be able to learn from the first mover's mistakes and improve upon their offering. Ultimately, the decision to be a first mover or not depends on various factors such as the industry, product, competition, and resources available. Despite these risks, many companies aim to be first movers in order to capitalize on the benefits associated with early market entry.
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James Rome, a California CPA practicing in California, is a sole practitioner who has his office in San Diego. James provides various bookkeeping, accounting, payroll, and tax services to
about 50 small business clients. Mary is an assistant to James and is the only employee of the firm. Which of the following is a proper form of notice to his clients regarding James' status as a Certified Public Accountant in the State of California?
A) Displaying the certificate of licensure issued by the Board in the office or the public area of the premises where the licensee provides the licensed service.
B) Any method of written notice, including a written notice that is electronically transmitted or a written notice posted at an Internet Website.
C) Providing a statement to each client to be signed and dated by the client and retained in that person's records that states the client understands the person is licensed by the California Board ofAccountancy.
D) All of the above.
E) Both a. and c. but not b.
Answers
The proper form of notice to clients regarding his status as a Certified Public Accountant in the State of California is D. All of the above.
How is a Certified Public Accountant in the State of California to notify clients?In the state of California, a Certified Public Accountant has several ways that they are allowed to notify their clients of their status and one of them is that they are to display the certificate of licensure issued by the Board of Accountants in California in their office or in a public place.
They can also use a handwritten notice and handwritten notices on their website or transmitted electronically also suffice. The clients can also sign and date a statement from James and in these records, the client agrees that they understand the licensing of the James by the California Board of Accountancy.
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Complete the sentences with acronyms from the Learn this! box. Read the sentences aloud.
1 Some people refuse to buy food that contains crops.
2 l've got 500 photos stored on my phone as files.
3 We crossed the border from Mexico to the near Monterrey.
4 My uncle claims that a landed in his garden one night.
5 Scientists hope to develop new drugs to fight
6 is planning to send a manned spacecraft to Mars before 2030.
7 My laptop only has 512 MB of 8 Ben Nevis, in Scotland, is the highest mountain in the
Answers
Some people refuse to buy food that contains GMOs (Genetically Modified Organisms).
I've got 500 photos stored on my phone as JPEG files.
We crossed the border from Mexico to the USA (United States of America) near Monterrey.
My uncle claims that a UFO (Unidentified Flying Object) landed in his garden one night.
Scientists hope to develop new drugs to fight HIV (Human Immunodeficiency Virus).
NASA (National Aeronautics and Space Administration) is planning to send a manned spacecraft to Mars before 2030.
My laptop only has 512 MB of RAM (Random Access Memory).
Ben Nevis, in Scotland, is the highest mountain in the UK (United Kingdom).
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In this activity, you will draft your own cover letter You do not need to have a specific person or employer to address the letter right now. After you draft and save a template, you will be able to revise and customize the cover letter to meet your needs in the future. The activity worksheet is a basic template to guide your writing. A rubric is also included on the worksheet to help you review your letter. You might ask your pod leader or another
significant adult in your life to review your cover letter, too.
Answers
A cover letter is a one-page document that you include with your resume or CV when applying for a job. Its objective is to introduce you and provide a brief summary of your professional history. Your cover letter should be between 250 and 400 words long on average.
What exactly is a cover letter?A cover letter typically consists of three paragraphs that explain why you are applying for a particular position, provide a brief summary of your professional history, and highlight your unique qualifications for the position. Some employers require applicants to submit a cover letter, while others make it optional.
In a cover letter, how should one introduce themselves?Yes, your cover letter should introduce you. Include your name, the position you're applying for, and how you found it in your introduction. For instance: I'm Henry Applicant and I'm applying for the open position of Account Manager on LinkedIn.
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A ground-dwelling plant grows along a chain-link fence
Answers
Answer: Very instresting?
Explanation:
trade barriers lead to decreased competition from abroad, and raise prices and profits of domestic firms. interestingly, such protection over time will often lead to higher-quality domestic products and services.(True/False)
Answers
True. Trade barriers, such as tariffs and quotas, limit the amount of foreign competition in domestic markets, leading to decreased competition from abroad.
This can result in higher prices and profits for domestic firms. However, over time, this protection can encourage domestic firms to invest in research and development, leading to higher-quality products and services.
Trade barriers, such as tariffs and import quotas, can lead to decreased competition from abroad, as they make foreign products more expensive or limit their availability. This, in turn, can raise the prices and profits of domestic firms. Over time, these firms may invest in improving the quality of their products and services due to the reduced competitive pressure. However, it is important to note that this is not guaranteed, and the specific outcome will depend on various factors such as the industry, market dynamics, and government policies.
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The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answers
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
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Scenario 4:
You just got the keys to your first apartment. You also have a new credit card with a $4,000 limit and you use it to
furish your new place. Before you know it, you've bought a TV, a couch and a dining room table. When you get the credit card bill, you realize you’ve spent your full credit limit of $4,000.
the credit card bill, you realize you've spent your full credit limit of $4,000.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?
Answers
Answer:
Explanation:
Scenario 1:
You want to purchase a new vehicle and you have your heart set on a brand new SUV. You take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees.
1. Does your credit score go up or down?
Your Credit Card score will go down.
2. Why does it go up or down?
It went down because you were late on your payments.
3. If your score goes down, how can you fix it?
Pay your payments on time.
Scenario 2:
You’ve been eager to buy a new cell phone for months, and now you’re ready to make it happen. You use your credit card to purchase the phone and you set up automatic billing to pay the monthly expenses. At the end of each month, you pay the credit card bill in full.
1. Does your credit score go up or down?
It goes up.
2. Why does it go up or down?
You pay your bills on time.
3. If your score goes down, how can you fix it?
It doesn't go down.
Scenario 3:
Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don’t have to pay your loan back until you graduate, you’ve saved enough by the end of the semester and you will pay off the loan in full.
1. Does your credit score go up or down?
Your score will go up.
2. Why does it go up or down?
You will pay the loan back in full.
3. If your score goes down, how can you fix it?
It doesn't go down.
The credit score of the person is going to go down because it would mean that they have no credit left.
What is a credit score?This is a score that tells how a person is performing based on the credit that they apply for from financial services.
The credit score is going to go down because it would mean that they would be needing more credit.
If the score goes down the best way to make it rise is by making payments on time for the credit collected.
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Kent works in the public relations department of his company. He sends a news release about a new product offering to several newspapers and television stations. Kent knows from past experience that even when the media use his news releases, they often release the information at inopportune times. They will also sometimes cut out what Kevin believes are the most important points to make the news fit. However, Kent accepts these disadvantages because free publicity offers the advantage of
Answers
Answer:
The answer is "credibility".
Explanation:
In this scenario, free advertising offers a reputation benefit. When this journal advertises openly, it's also considered reliable by the targeted customers like, it is in news form while charging something. Therefore, Kent finds that improper transmission of time information to be a drawback since it recognizes that its product and company would still be credible.
People are known to have different qualities. Kent accepts these disadvantages because free publicity offers the advantage of Credibility.
Credibility is known to be a characteristic of an individual who is said to be noted by others to be a trusted advisor, believable, and confident as they tend to show a high level of expertise in a specific field.A lot of traits are said to be of influential behaviors are known to be linked with with high credibility. Kent acceptance shows that free publicity gives some measure of Credibility.
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Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answers
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
2.how would a monopolistically competitive firm determine its profit maximizing level of output and price?
Answers
A monopolistically competitive firm determine its profit maximizing level of output and price by seeking out the quantity where marginal revenue is equal to marginal cost. The monopolistic competitor will produce that level of output and charge the price that is indicated by the firm's demand curve.
There is a strong relationship between profits and the firm's size. The literature suggests that on average, firm with higher profits are larger than firms with lower profits.
One is that larger firms can take advantage of economies of scale, which allow them to produce at a lower price per unit. This gives them a competitive advantage and allows them to earn higher profits.
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Prompt
What is liability?
Read More >>
Answers
Answer:
jobless
Explanation:
someone who depend on other people
The government can make money by borrowing from its population in the form of governmental bonds.
A. True
B. False
Answers
Answer:
False
Explanation:
JIT uses a pull system where communication starts with either the customer or with the _________ workstation in the production line.
Answers
JIT uses a pull system where communication starts with either the customer or with the downstream workstation in the production line.
JIT, or Just-In-Time, is a manufacturing philosophy that focuses on producing goods only when they are needed, in the quantities required, and with minimal waste. To achieve this, JIT uses a pull system, where communication starts either with the customer or with the downstream workstation in the production line.
In a pull system, the downstream workstation signals the upstream workstation to produce and deliver parts only when they are needed. This signal is typically a Kanban card, which specifies the type and quantity of parts required. The upstream workstation then produces the required parts and delivers them to the downstream workstation, keeping the production flow smooth and efficient.
The customer is another source of demand in the pull system. The customer sends an order to the production system, which triggers the production of the required goods. The production system then uses the pull system to produce and deliver the goods to the customer in the required quantities and time.
In conclusion,This system ensures that production is efficient, wastes are minimized, and goods are delivered to the customer on time, every time.
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Culinary Solutions Inc. manufactures cooking and baking equipment and has its base in the country of Vandevar. It has approximately 300 stores across the country and is already active in three foreign countries. It attempts to establish itself in the country of Balalaika, and uses its low-cost strategy to do so. However, due to the additional costs associated with training, coordinating across geographic distances, and other costs associated with doing business in an unfamiliar cultural and economic environment, Culinary Solutions Inc. incurs huge financial losses in Balalaika. In this scenario, Culinary Solutions Inc.'s failure to establish itself successfully in Balalaika occurs most likely because
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H
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You operate a small insurance office with a partner.
Which
expense is a fixed cost?
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C
GMetrix SMS/ V7.0
EAA (4203)
0000
Cost of paper supplies.
Water bill for an office
Property lease for the office
Paycheck for an hourly administrative assistant.
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GMETRIX
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C
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An example of expense considered as a fixed cost is property lease for the office. The Option C is correct.
What does fixed cost means in accounting?A fixed cost is the cost of a business expense that does not change regardless of the number of goods and services produced or sold. Fixed costs are recurring expenses that are not directly related to production, such as rent, interest payments, and insurance.
Fixed costs are generally indirect because they are unrelated to a company's production of goods or services. Shutdown points are commonly used to reduce fixed costs. These costs are one of two types of business expenses (the other being variable costs) that add up to total costs.
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A flower shop uses software to execute transactions that is ten-years old. It is often slow and ineffective. What type of influence is affecting this business?
external
economic
governmental
internal
Answers
Answer:
Internal
Explanation:
The problem is the flower shop’s software. The flower shop needs to update or buy a different up-to-date software like ASAP.
What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
A.Education
B.Energy
C.Time
D.Money
Answers
Answer:
I think it would be education
Explanation:
Answer: A. Education
Explanation:
An annuity owner receives the same guaranteed payment every month. what type of annuity is it?
Answers
It is Fixed annuities.
The three primary annuity kinds are immediate or deferred variable annuities, fixed annuities, and fixed indexed annuities. When you will start receiving payments is indicated by the immediate and postponed classes. Fixed annuities ensure that the purchase money will receive a minimum amount of interest. The amount of income paid does not change from one payment to the next. A fixed annuity is a sort of insurance contract that guarantees the purchaser will receive a certain interest rate on their account contributions. A variable annuity, on the other hand, offers interest payments that may change according to the performance of an investment portfolio that the account owner has chosen.
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Describe the major components of business conduction plan.
Helppp AHHHH
Answers
Answer:
Heya there!
Here's ya answer.
Executive summary Business description and structure Market research and strategiesManagement and personnel Financial documents Founder (team) and business leadershipCo-workers and business coordinationExplanation:
the main units of local government.
Answers
Answer:
There are four main types of local government- counties, municipalities (cities and town), special districts, and school districts. Counties are the largest units of local government, numbering about 8,000 nationwide. They provide many of the same services provided by cities.
Explanation:
Which of the following is a poor reason to choose a profession?
A. You want to follow your passions.
B. You feel confident that you will succeed.
C. You have let others persuade you to do it.
D. You would provide value to what you do.
Answers
Explanation:
If someone has to persuade you to do a specific profession, then it just means that that career path isn’t the one you want to go down.
LO 6.3 BJT Corporation is owned 40 percent by Bill, 30 percent by Jack, and 30 percent by the Trumpet Partnership. Bill and Jack are father and son. Jack has a 10 percent interest in Trumpet Partnership. What is Jack’s total direct and constructive ownership of BJT Corporation under Section 267?
Answers
Answer:
Jack’s total direct and constructive ownership of BJT Corporation under Section 267 is 33%.
Explanation:
From the question, we have the following:
Jack's ownership of BJT Corporation = 30%
Jack's interest in Trumpet Partnership = 10%
Jack's share of 30 percent owned by Trumpet Partnership in BJT Corporation = Jack's interest in Trumpet Partnership * 30 percent owned by Trumpet Partnership in BJT Corporation = 10% * 30% = 3%
Therefore, we have:
Jack’s total direct and constructive ownership of BJT = Jack's ownership of BJT Corporation + Jack's share of 30 percent owned by Trumpet Partnership in BJT Corporation = 30% + 3% = 33%
Therefore, Jack’s total direct and constructive ownership of BJT Corporation under Section 267 is 33%.