The control procedure designed to minimize the threat of posting errors to accounts receivable is known as the "dual control" method.
This method involves having two individuals involved in the posting process, where one person enters the transaction into the system and another person verifies and approves the entry before it is posted to the accounts receivable ledger. ``
A more detailed answer would also include other control procedures that can be implemented to further minimize the threat of posting errors to accounts receivable, such as regular reconciliation of accounts, segregation of duties, and implementing checks and balances in the accounting system. These control procedures can help detect errors and prevent fraudulent activity, ultimately ensuring the accuracy and integrity of the accounts receivable ledger.
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Communication may account for as much as
of a hiring decision.
a.
25%
b.
40%
C.
65%
d.
80%
Please select the best answer from the choices provided
Answer:
A) 25%
Explanation:
JUST TOOK TEST ON EDGE
What are the primary reasons people choose to invest and trade stocks?
(Select all that apply.)
to earn a dividend to earn a dividend , ,
to earn capital gains to earn capital gains , ,
to earn predictable quarterly interest to earn predictable quarterly interest , ,
to earn money that is liquid
Answer:
to earn a dividend
to earn capital gains
Explanation:
Stocks represent ownership in a corporation. Shareholders are entitled to share in the profits of the business. The portion of profits that shareholders get for contributing capital is the dividend.
Investing in stocks makes one a shareholder and gives them the right to dividends. Investors always select the stocks of companies likely to declare high dividends. Dividends is an important reason why investors opt for shares or stocks.
Stocks of corporations that are performing well financially are likely to increase in price. Investors buy stocks when prices are low and selling them when prices appreciate. That way, they can profit through capital gain.
Dividends and capital gains are the rewards that investors gain from stocks. Interest is earned on deposits and loans.
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
l
l
∨
Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Who has a tw octane on rocket leage?
Answer:
I do :)
Have a great day!
Answer:
me
Explanation:
If you had to choose only one of the following criteria for evaluating proposed investments you would most likely rely on the ______________ rule since it is considered the best in principle.
They do not account for the time value of money or consider all cash flows associated with a project, making them less reliable than the \(NPV\)rule in evaluating proposed investments.
Why will be choose only one of the following criteria for evaluating proposed?If you had to choose only one of the following criteria for evaluating proposed investments, you would most likely rely on the net present value \((NPV)\) rule since it is considered the best in principle.
The \(NPV\) rule is a financial concept that compares the present value of cash inflows generated by a project to the initial investment required to undertake the project. It takes into account the time value of money, which means that a dollar received in the future is worth less than a dollar received today due to inflation and the opportunity cost of money.
The \(NPV\)rule states that an investment is acceptable if its \(NPV\) is positive and it should be rejected if its \(NPV\) is negative. In other words, an investment with a positive \(NPV\) adds value to the firm and increases its wealth, while an investment with a negative \(NPV\) subtracts value from the firm and decreases its wealth.
The \(NPV\) rule is considered the best in principle because it accounts for the time value of money and considers all cash flows associated with a project, including the initial investment and future cash inflows and outflows.
It also provides a clear indication of whether an investment is adding or subtracting value to the firm, which is crucial for making informed financial decisions.
Other investment criteria, such as the payback period or the internal rate of return \((IRR),\) have their advantages and disadvantages.
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explain the factors affecting fixed capital and working capital
Answer:
The affecting factors of the given context are defined below in the explanation section.
Explanation:
Factors affecting fixed capital:
Capital expenditure of alternative investments is longer and therefore is considered fixed capital. That capital would be largely funded thru all the lengthy period financing sources, including certain equity, retained earnings, bonds, loan repayments, and so much more.Factors affecting working capital:
Costs of production, staffing costs, and operating costs also impact working capital. These fees are based on either the manufacturing techniques and equipment throughout the warehouse, this same competence of the employees, respectively.Helena is given a voucher that can be spent only on educational expenses. She has a budget constraint with educational expenses on the horizontal axis and everything else on the vertical axis. Suppose everything else is comprised only of normal goods. Then:_______. A. The voucher will result in Helena increasing her spending on educational expenses by more than the amount of the voucher. B. Helena will most likely end up spending less money on everything else after receiving the voucher. C. Helena will not buy any educational expenses because she can use the voucher for all other goods. D. Helena will most likely end up spending some more money on everything else after receiving the voucher.
Answer: Helena will most likely end up spending some more money on everything else after receiving the voucher.
Explanation:
The budget constraint is used to shows the combinations of two goods which can be afforded by a consumer. A normal good is a good or product that when the income of the person rises,the demand for the product will also increase.
Based on the above information on the question, the correct answer is "Helena will most likely end up spending some more money on everything else after receiving the voucher".
This is because the voucher she was given can be spent only on educational expenses and her budget constraints comprises of educational expenses and everything else which is made up of normal goods. This means she'll still needs to get the normal goods later.
HELPPPP PLEASE I WILL GIVE YOU BRAINLIST
Suppose you are going to buy a car. How do larger economic factors influence the pursuit of this goal.
A financial goal that I have is to have a well-paying job as I get out of high school so I can afford to go to a University of my choice. This way I won't be in crippling debt and have to take out massive student loans. However, inflation as well as taxes will influence this. Income taxes will force me to have to give up some of my hard-earned money, which will significantly reduce the amount of money I actually make.
I hope this helps! If so, will you add it as the brainliest?
Thanks!
The futures exchange defines the specification for each commodity traded. True False QUESTION 19 What is another name for a daily price limit? A. Circuit breaker B. Tick C. Spec D. Outright QUESTION 2
The statement "The futures exchange defines the specification for each commodity traded" is true.
The futures exchange defines the specifications for each commodity traded. This is to ensure that every transaction is standardized and performed under the same terms. Buyers and sellers are required to adhere to the guidelines that specify the quality, quantity, and delivery of the commodity. As a result, trading is simple, and participants know exactly what they're getting into before placing any trades.
The futures contract's specifications include delivery dates, lot sizes, minimum price increments, quality, delivery locations, and other specifics. A futures exchange's primary objective is to standardize the futures contracts so that market participants can transact quickly and easily.
Another name for a daily price limit is a circuit breaker. A circuit breaker is a safety mechanism that is triggered by large price movements. It operates by temporarily halting trading in an asset in the event of a sharp rise or fall. The aim of the circuit breaker is to reduce market volatility and protect investors from losses. When the circuit breaker is triggered, the trading session is halted for a period of time before resuming.
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The price of a Honda Accord
a. and the price of a Honda Accord divided by the price of a Honda Civic are both real variables
b. and the price of a Honda Accord divided by the price of Honda Civic are both nominal variables.
c. is a real variable, and the price of a Honda Accord divided by a Honda Civic is a nominal variable.
d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.
Answer:
d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.
Explanation:
In domain of economics, nominal varable are value that can be measured in terms of it's monetary value of the price that exist at that particular period of time. For instance blood type and genotype.
real value on the other hand is been measured based on goods/services, it's is the value even when inflation has set in.
Which of these is an organizational skill?
A. Respect
B. Knowing multiple languages
C. Patience
D. Multitasking
The ability to prioritize tasks according to those that must be finished right away versus those that can wait, be given to another person, or be done without, is referred to as organizational skills.
Thus, Option D is correct.
Why is it crucial to have organizing skills?No matter where or how you work, having organizational skills can help you manage your current position as well as hunt for new employment or advance in your existing position. With so many requests, responsibilities, and expectations on your plate, being organized can help you make the most of your time, energy, resources, and mental space so that you can accomplish your objectives and complete your work with less stress.
Your physical and digital areas can be organized with the help of organizational skills, which can also help you manage, organize, and plan all you need to do. Simply, having good organizing abilities helps you perform better at work. They help you perform at your highest level at work.
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2. What is the relationship between the timing of your goals and the type
of good or service that you
want?
Answer:
There will be a positive relationship between the timing of goals and wants for commodities.
Explanation:
The timing of the goal is the most important thing when it is seen with the commodity that a person wants. For instance, if a person wants their own a house to live with their partner then the timing would be to set a goal to buy the house before marriage because after having marriage and kids, the goal to buy the house may be delayed. Thus, to achieve success in a goal a person must be in the constraint of time. Moreover, if a person has small wants then he should fix the time to get their goal in a short time period or vice versa. So there will be a positive relationship between the timing of goals and wants for commodities. Additionally, the goals of students will be different from the person who is married and have kids.
In general Accounts are split into Personal Accounts and ImpersonalAccounts
True
False
Answer:
True.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Thus, it is a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
An account can be defined as a formal and individual record of the financial transactions of a person, business firm, goods, assets, liability, etc.
All the transactions with respect to a particular item such as income, expenses, assets, liability, etc., are recorded in its account.
In general, accounts are split or divided into two main categories and these includes;
I. Personal Accounts
II. Impersonal Accounts.
the biggest problem in international trucking in Europe is /are a) variance in the value of the euro b) different regulations from the country to country c) border controls d) all e) none
b) different regulations from country to country. This option is correct because varying regulations pose significant challenges for international trucking in Europe, leading to delays, increased costs, and logistical difficulties.
The biggest problem in international trucking in Europe is the different regulations from country to country. These regulations can vary greatly in terms of documentation requirements, driving hours, weight limits, and other operational aspects. This inconsistency creates significant challenges for trucking companies operating across multiple European countries. They have to navigate through complex administrative procedures and ensure compliance with diverse regulations, leading to delays, increased costs, and logistical difficulties. Harmonizing regulations across European countries would streamline operations, reduce administrative burdens, and facilitate seamless cross-border transportation. Efforts to establish standardized regulations and enhance cooperation among European nations would greatly improve efficiency and effectiveness in international trucking, benefiting both businesses and consumers by promoting smoother trade and transportation across the continent.
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Which domain suffix is most frequently used by businesses?
A. .com
B. .edu
C. .gov
D. .org
Answer:
.com
Explanation:
.edu means education
.gov means government website
.org websites are mostly personal or local
.com means commercial
The domain .com is most frequently used by businesses.
What is a business?
Business refers to an enterprising entity or organization that carries out professional activities. They can be commercial, industrial or others. The purpose of a business is to organize some sort of economic production(of goods and services).
The business strategy plays an important role in survival and growth of a business. Business strategy refers to the set of plans, actions and strategies that helps the organization attaining the goals and objectives. The two types of business strategies are the business unit strategy and corporate strategy.
Businesses can be for-profit entities or non-profit entities. Business types range from limited liability companies to sole proprietorships, corpirations and partnerships.
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T. Jones, M. Smith, and R. Wilson have provided a joint and several guarantee for $600,000. In a default situation the lender:
a. Can pursue the three individuals to a maximum of $200,000 each
b. Can pursue a total of $600,000
c. Can pursue all three individuals for $600,000 each
d. Must choose which individual to pursue for $600,000
In a joint and several guarantee provided by T. Jones, M. Smith, and R. Wilson for $600,000, the lender has certain options in a default situation. The answer options provided are: a) pursuing the three individuals to a maximum of $200,000 each, b) pursuing a total of $600,000, c) pursuing all three individuals for $600,000 each, and d) choosing which individual to pursue for $600,000.
b) In a joint and several guarantee, the lender has the right to pursue a total of $600,000 from any of the individuals. This means that the lender can choose to recover the entire amount from any one of the guarantors, regardless of their individual contribution limits.
a), c), and d) are not accurate in this scenario. With a joint and several guarantee, the lender is not limited to a maximum amount per individual, as suggested in option a. Option c, which suggests pursuing all three individuals for $600,000 each, exceeds the original guarantee amount. Option d, where the lender must choose one individual to pursue for $600,000, is not a requirement under a joint and several guarantee.
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The amount of time a student spent studying for her math class went from 4 hours per week to 7 hours per week. What was the percent increase?
'The amount of time a student spent studying for her math class went from 4 hours per week to 7 hours per week. The percentage increase is 42.8%
Increase in time = 7-4 = 3 hrs
Percentage increase = 3/7 * 100 = 42.8%
What is percentage increase?Measures of percent change include percent increase and percent decline, which indicate how much an element of a variable changes in terms of intensity, size, extent, or value.
The figures are calculated by comparing the initial (also known as before) and final (also known as after) amounts using a specified formula.
To increase or reduce an amount by a %, first compute the percentage of the amount. Then, either add this answer to the original quantity to make it larger or subtract it to make it smaller.
Finding a percentage of a sum can be done in a few different ways.
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Why are file naming conventions essential?
A. So that data entry workers do not have to learn new systems with
every new position.
B. To make it easy to copy files for backup storage.
C. So that companies can easily share files with other companies.
D. Without everyone using the same system, it would be impossible
to know locate folders or files.
Answer:
D. Without everyone using the same system, it would be impossible
to know locate folders or files.
Explanation:
You learnedthat changes in demand are caused by non-price determinants of demand that can be remembered by the acronym TRIBE. You learned that changes in supply are caused by non-price determinants of supply that can be remembered by the acronym ROTTEN. List 5 non-price determinants of either demand or supply that cause changes in the market. To receive credit, you have to indicate whether the non-price determinant you listed affects demand or supply.
Your answer:
The five non-price determinants are expected price, price of other goods, income, potential customer and taste & preference.
What are the non-price determinants?Non-price determinants are those factors, that can result in the shift of demand curve and influence the demand of the goods or services.
If non-price determinants increased the demand, if prices are high, then customer will definitely shift to the substitute product.
Some of the non price determinants are population, need of the consumer, habit etc.
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Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of managing the store and the employees of the store. Soon, he will take a new position as regional manager for several toy stores. His boss remarked to him last week that he will be utilizing his _____ skills to communicate, coach, and motivate managers who have positions similar to his old position.
Answer:
human
Explanation:
Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level
So as per the given situation it is a human skills
How can decision-making skills help me achieve my goals?
Answer:
Put forward objectives that you need to achieve. To be roused to really accomplish your objectives, they should be founded on the data that you considered during the dynamic interaction. Stage 2: Consider your objectives mindfully to guarantee that they don't negate one another.
Answer:
It helps you be more experienced when it comes to making tough decisions
Explanation:
The reason decision making skills can help you achieve your goals is by making you focus on what you need to do to be able to complete whatever obstacle you need to cross. Imagine you didn't have any decision making skills at all. One day you will come across some sort of situation where you would need to make a decision, for example lets say that you are a manager at an office building and there is an office worker who just doesn't do their job. There is another person who wants to work there and they are more hardworking than the lazy worker but there is no positions available. Your decision making skills would help you decide whether to fire the lazy worker so that the hard worker gets the job, or if you would let the lazy worker keep working there and the lazy worker does nothing productive for the company.
Hope this helps and wasn't too confusing.
arko, Inc. is considering the purchase of ABC Co. Marko believes that ABCCo. can generate cash flows of $5,000,$9,000, and $15,000 over the next three years, respectively. After that time, they feel the business will be worthless. Marko has determined that a 14 percent rate of return is applicable to this potential purchase. What is the value of the cash flow stream i. at time 0 (today)? ii.at time 2? iii.at time 4?
The value of the cash flow stream for the potential purchase of ABC Co. can be calculated using a discounted cash flow (DCF) analysis. Marko believes that the cash flows over the next three years will be $5,000, $9,000, and $15,000, respectively. Assuming a 14 percent rate of return, the value of the cash flow stream is calculated as follows: i. At time 0 (today), the value is $22,388. ii. At time 2, the value is $10,573. iii. At time 4, the value is $4,981.
To calculate the value of the cash flow stream, we use a discounted cash flow (DCF) analysis. This method considers the time value of money, recognizing that a dollar received in the future is worth less than a dollar received today. The DCF formula is as follows:
Value = CF1 / (1 + r)^1 + CF2 / (1 + r)^2 + ... + CFn / (1 + r)^n
Where CF1, CF2, ..., CFn represent the cash flows in each period, r is the discount rate (rate of return), and n is the number of periods.
i. At time 0 (today), the cash flow is $5,000 in the first year, $9,000 in the second year, and $15,000 in the third year. Plugging these values into the DCF formula, we have:
Value = $5,000 / (1 + 0.14)^1 + $9,000 / (1 + 0.14)^2 + $15,000 / (1 + 0.14)^3 = $22,388
ii. At time 2, we only consider the cash flow in the third year since two years have already passed. The calculation is as follows:
Value = $15,000 / (1 + 0.14)^1 = $10,573
iii. At time 4, the cash flow stream has ended, and there are no more cash flows to consider. Therefore, the value is zero.
In conclusion, the value of the cash flow stream for the potential purchase of ABC Co. is $22,388 at time 0, $10,573 at time 2, and $4,981 at time 4.
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A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o
Answer:
B. evaluate the possible positive and negative effects of different economic decisions.
Explanation:
Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.
Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.
This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.
Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.
which of the following is the correct word phrase of "4b+10"?
A. four added to 10
B. the product of four and B added to 10
C. the sum of 4 and B plus 10
D. the product of four and B subtracted to 10
Which of the following items are included in The Code of Professional Ethics of the American Institute of Certified Public Accountants: weigh all sides of decisions.
a. weigh all sides of decisions.
b. attending annual meetings.
c. generate innovative approaches to accounting.
d. integrity and objectivity.
Integrity and objectivity are the items are included in The Code of Professional Ethics of the American Institute of Certified Public Accountants.
What is meant by professional code of ethics?This is the term that is used to refer to the code that is used to apply to all of the people that would work in a particular organization that are meant to guide the behavior of the people in the organization and also check the ways that people would act.
Hence we can say that Integrity and objectivity are the items are included in The Code of Professional Ethics of the American Institute of Certified Public Accountants..
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How do you manage a business?:
Answer: Managing a business involves handling office affairs that may include using project software and using small business tools like Intuit QuickBooks. Running an office is a necessary component of business management because office efficiency is an indicator of productivity and job performance.
The Occupational Information Network (ONET) further indicates that office management involves hiring and developing employees, task delegation and directing the assignments of subordinates. Office management involves hiring and developing employees, task delegation and directing the assignments of subordinates.
Time Management
Effective time management is a critical part of managing a business. Employing time management skills help business managers prioritize tasks and effectively organize work assignments. Properly monitoring schedule adherence is necessary to make sure employees have sufficient training, appropriate workloads and oversight to ensure they are performing their job duties adequately. Business managers must occasionally analyze employee schedules and make modifications to keep up with changing business needs.
Task Delegation
Successfully managing a business also means knowing when to delegate work to others, Kelly Services indicates. Task delegation gives business managers the opportunity to transfer assignments and decision-making authority to other qualified workers. Delegation provides executives with additional time to perform other important duties. Managers that delegate tasks are still responsible for ensuring that the duties are satisfactorily completed, however, they do not have to be concerned with the direct management of the task.
Leadership Responsibilities
The nature of business management requires effective application of leadership principles and visionary leadership. Business managers must be able to effectually lead their organization in the right direction. Leadership roles involve managing conflict, encouraging ethical behavior, mentoring employees and marketing the business. Leaders must gain the trust of their subordinates, business partners and customers to maintain positive business relationships and successful business transactions.
Explanation: Managing a business requires the proper application of many different skills. Business managers are responsible for overseeing the day-to-day operations of an organization as well as ensuring employees and other office workers are completing their assigned tasks. Managers are often held accountable for their company's successes and failures. The diverse challenges of managing a business make the task demanding but highly rewarding.
Identify the micro and macro challenges of speedy motors
Based on the fact that Speedy Motors is in the automotive industry, some micro and macro challenges include:
Macro challenges - Government regulation and Economic growth.
Micro challenges - Lack of liquidity and Retaining good labor.
What are micro challenges?
Micro challenges are those that affect a company alone and not the economy.
Companies in the automobile industry face the micro challenge of having poor liquidity because cars might not be sold fast enough. They also have issues with retaining good labor which can help them remain competitive.
What are macro challenges?
These affect the economy and industry at large and so affect the company as well.
Some challenges here include government regulation that is aimed at reducing pollution. This will force an auto company to invest in more expensive equipment to comply.
If economic growth is poor, a car company will experience less sales as well.
In conclusion, there are several challenges affecting Speedy Motors.
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Why would an employer ask about an applicant’s honors, awards, and activities?
Respond in 3-4 well written sentences:
Answer:
Explanation:
To show that you have special skills and what your areas of expertise are.
Answer:
There are multiple reasons employers would want to know about honors, awards, and activities. The first reason is to see if you are hard-working or not, if you have many awards and whatnot, employers will see that you have a good drive to get things done, clubs and activity you’ve participated in shows that you’re a team worker. It can also show your areas of expertise and can show your special skills and abilities.
Explanation:
I took the last part from the other answer but I do flvs career research and this was correct for me
Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They plan to set the price of their product at $8. The marginal cost of Firm A is $5 and Firm B is $4.50. If firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, which of the following situations would likely occur? A. Firm B reduces the price to $7 causing Firm A to exit the market. B. Firm B reduces the price to $7 causing Firm A to reduce its price to $7. C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50. D. Firm A reduces the price to $7 causing Firm B to exit the market.
Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.
Explanation:
Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.
Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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