The following statements regarding a competitive firm is correct : (d) For all firms, average revenue equals the price of the good.
The correct option is (d).
Revenue is the cash generated from ordinary enterprise operations, calculated as the common income rate instances the quantity of devices offered. it is the pinnacle line (or gross income) determine from which charges are subtracted to decide net income. revenue is also referred to as income at the earnings statement.
In accounting, revenue is the overall quantity of profits generated by the sale of goods and services related to the primary operations of the enterprise. commercial sales will also be referred to as sales or as turnover. some groups acquire revenue from hobby, royalties, or other costs.
Revenue is the incomes that an business enterprise has from its normal enterprise pursuits, normally from the sale of commodities, and offerings to purchasers. revenue is likewise referred to and known as turnover or income. some corporations get sales from royalties, different charges, or pursuits.
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suppose the price elasticity of demand is relatively elastic, and the price elasticity of supply is relatively inelastic in a specific market. if an excise tax is imposed on this good, who will bear the greater burden of the tax?
If an excise tax is imposed on goods when price elasticity of demand is relatively elastic and the the price elasticity of supply is relatively inelastic in a specific market, The producers will bear the greater burden.
In the scenario specified in the question, price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic. This means that the consumers are relatively more price sensitive compared to the suppliers in the market. Hence, consumers will be more reactive to any change in price of the good than the sellers in the market. if an excise tax is imposed especially on the consumers, the effect will be more on the producers because supply is inelastic and consumers can determine demand due to its elasticity.
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the quoted rate on a home equity loan is 10% and you are in a 28% marginal tax bracket. what is the effective after tax rate on this loan
The effective after tax rate on this loan is 7.2.
What is the after-tax cost?To get a company's cost of debt after taxes, divide its effective tax rate by one and multiply the result by the cost of debt.A company's capital structure, which also includes equity, includes debt as one component. The capital structure of a company refers to how it uses various funding sources, including debt like bonds or loans, to finance its overall operations and expansion.Understanding the overall rate that a company pays to use these kinds of debt financing is made easier with the help of the cost of debt measure. Due to the fact that riskier businesses typically have higher debt costs, the metric can also give investors an idea of how risky the company is in comparison to others.Learn more about After tax cost refer :
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The Engel Curve for a good is derived by which of the following? Tracing the optimal allocation as the good's price changes Tracing the optimal allocation as income changes Tracing the optimal allocation as either income or price changes Any of the above None of the above
The Engel Curve for a good is derived by tracing the optimal allocation as income changes.
The Engel Curve shows the relationship between the quantity of a good consumed and the level of income. It illustrates how the demand for a particular good varies with changes in income while holding other factors constant, such as prices.
By tracing the optimal allocation of the good as income changes, economists can observe how individuals adjust their consumption patterns in response to changes in their income levels. As income increases, individuals may choose to allocate more of their budget towards certain goods, resulting in an upward shift in the Engel Curve. Conversely, as income decreases, individuals may allocate less of their budget towards certain goods, leading to a downward shift in the Engel Curve.
The Engel Curve provides insights into the income elasticity of demand for a good and helps economists understand how changes in income affect consumer behavior and consumption patterns. By examining the relationship between income and the quantity consumed, economists can gain valuable insights into consumer preferences and the income sensitivity of different goods
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The average revenue for Professional Road Bikes in the US market was $17,362, and in Germany was $19,669. Can you conclude that road bike sales in Germany are significantly higher than in the US? Yes, or no? why? Explain your answer in a few sentences.
Yes. Road bike sales in Germany are significantly higher than in the US.
What is revenue?Revenue can be defined as the income or money generated from the sales of goods and service.
Since the average revenue of Professional Road Bikes in the United States is market was $17,362 while that of Germany was $19,669 , this implies that road bikes sell more in Germany than United States.
Hence, the likely reason for the difference in revenue may be because their are high number of people that make use of rode bike in Germany compare to US.
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Explain the hipp of the primary sources below source: letter written by john rolfe
The correct answer to this open question is the following.
Explain the HIPP of the primary sources below source: "letter written by John Rolfe."
"H" stands for Historical context. John Rolf was an important component in the foundation and success of the Jamestown, Virginia colony, in the North American territory. In the letter, he explains the Governor of the colony, Thomas Dale, his reasons to marry Pocahontas, a Native American Indian woman.
"I" stands for the Intended audience. The Governor of Jamestown, Virginia colony, Thomas Dale. The intention of John Rolfe was to clearly explain his motives, trying to maintain his intact reputation before the people of Jamestown.
"P" stands for Purpose. Rolfe wanted the approval of the Governor, knowing that in those years, Native American Indians were considered savages that first needed to be converted to the Christian religion to be accepted in the colonial society.
"P" stands for Point of view. In this part, we have to understand the point the author is trying to convey. In this case, John Rolfe, an English man, and an important figure that brought the toc¿bacco seed from the Caribbean Islands to grow tobacco crops in Jamestown and made tobacco the king of crops in Virginia wanted to justify his actions but not wanted to compromise his position before the Jamestown society.
The Future Business Leaders of America (FBLA) is the best organization to
join for which of the following people?
A. A performing arts student who's going to theatre school
B. A high school student interested in management
C. A graphic design student who loves to draw and paint
OD. A culinary arts student who's going to study overseas
he concept of ______ is probably the best single measure of an industry's impact.A. total outputB. total spendingC. aggregate market value of firms in industryD. value added
The concept of value added is probably the best single measure of an industry's impact. Therefore option D is correct.
What is Industry?An industry is a collection of businesses that are connected by their main lines of activity. There are several categories of industries in contemporary economies. Sectors are often used to combine together bigger groups of industry classifications.
Typically, a company's major income sources determine what industry it belongs to. For instance, even if a carmaker may have a financing segment that contributes 10% to the company's overall earnings, most categorization systems would place the business in the automaker category.
Industries are divisions of related enterprises based on the main product produced or sold. By doing this, industry groupings are successfully formed, which may later be utilized to separate enterprises from those that take part in other activities.
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She calls and asks for your advice on both an auto loan and a credit card. * 10 point
Based on what your cousin wants to accomplish financially and her current financial obligations, would you advise her to apply for both types of credit? Why or why not? Complete responses should consider:At least 2 specific pieces of advice related to each type of credit: credit cards and auto loans. The advice should consider whether the type of credit is appropriate for a young adult like her. What trade-offs will your cousin have to make based on the advice you are giving her?
I would advice my cousin to not get a credit card as she is a young adult and should not rely immediately on credit as these are associated with a lot of terms and conditions and also dependency on credit card may lead to a negative aspect in the early stages of career.
Also i would advice my cousin to get a auto loan on the condition that he is currently financially sound enough to afford the down payments associated with the auto loan and the installments should not be more than 10% of his current salary
What is a Auto loan?
Automobiles themselves are used as collateral for secured loans like auto loans. Lenders provide it for commercial vehicles, new automobiles, used cars, two wheelers (usually referred to as a two-wheeler loan), and new and used cars (generally called a Commercial Vehicle Loan).
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how can we build up strong analytical skill discuss
Answer:
hope help you
Explanation:
Here are several ways you can improve your analytical skills:
Read more. An important part of being analytical involves being alert and remaining stimulated. ...
Build your mathematical skills. ...
Play brain games. ...
Learn something new. ...
Be more observant. ...
Join a debate club. ...
Take an exercise class. ...
Keep a journal.
If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?
Answer:
$270.00 in 15 years
Explanation:
3% of $600 = $18.00 annually
$18.00 x 15 years = $270.00 interest earned
Which non-income factor for a potential job would influence a person who values easy access to entertainment and culture?
- job security
- working hours
- location
- availability of benefits
Which non-income factor for a potential job would influence a person who values easy access to entertainment and culture?
- LocationYour selection of a layout format for your facility depends on: (Choose all that apply)a. Available spaceb. Production volumec. The design of the processd. The inventory flow
Selecting the appropriate layout format for a facility requires a thorough understanding of the available space, production volume, process design, and inventory flow. An efficient layout can enhance productivity, reduce cycle time, and increase profitability for the organization.The correct option is d.
The selection of a layout format for a facility is an essential decision that affects the efficiency, productivity, and profitability of the organization. The layout format determines the arrangement of machinery, equipment, workstations, and inventory within the facility.
There are several factors to consider when selecting a layout format, and these include available space, production volume, the design of the process, and inventory flow.Firstly, available space is a critical factor in determining the layout format.
The size and shape of the facility play a significant role in selecting the layout format. If the available space is limited, the facility may have to adopt a compact layout that optimizes the use of available space. On the other hand, if the facility has ample space, a more spacious layout format may be adopted, which allows for the free movement of personnel and equipment.
Secondly, the production volume also influences the layout format. High volume production may require a more efficient and streamlined layout, such as a product-oriented layout, where the equipment is arranged according to the production process. In contrast, low volume production may benefit from a process-oriented layout that optimizes the flow of materials and workers.
Thirdly, the design of the process is another critical factor in selecting a layout format. The process design determines the sequence of operations and the flow of materials. An efficient layout should minimize the movement of materials, reduce cycle time, and eliminate bottlenecks in the production process.
Finally, the inventory flow is also essential in selecting a layout format. The layout should optimize the flow of inventory within the facility, ensuring that the materials are efficiently transported from the storage area to the production line and back to the storage area.
In conclusion, selecting the appropriate layout format for a facility requires a thorough understanding of the available space, production volume, process design, and inventory flow. An efficient layout can enhance productivity, reduce cycle time, and increase profitability for the organization.The correct option is d.
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Functions of Money Jeffrey has had a busy day. Today he went to a financial manager to begin planning for his son's future. He opened a college savings account. This is an example of a
Answer:
Store of value.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.
In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
Social relationship marketing is often more effective than financial relationship marketing.
a) True
b) False
Social relationship marketing is more effective than financial relationship marketing when it comes to marketing products or services. A more detailed explanation is given below:Social relationship marketing has become a useful marketing strategy for various businesses, especially in the age of social media.
Social relationship marketing works effectively since it is all about fostering strong relationships with customers. By doing so, it creates an emotional bond with customers, leading to increased customer retention rates and generating positive word of mouth. Furthermore, this approach is suitable for companies that do not have a lot of financial resources since it is more focused on building relationships than spending money on advertising. The approach aims to give discounts, cashbacks, and other financial incentives to keep customers coming back.
While this approach can work, it is not sustainable since customers might switch to another business offering a higher financial incentive. Besides, this approach is less personal and might not build the same emotional connection as social relationship marketing does.In conclusion, social relationship marketing is more effective than financial relationship marketing since it creates strong and long-lasting relationships with customers. The correct answer is option a). True.
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SOMEONE HELP QUICK PLS!!! Examine the credit terms below:
Interest Rates and Interest Charges Annual Percentage Rate (APR) for Purchases 0% introductory APR for 10 months. After that, your APR will be 10.99%, 15.99%, or 17.99%, based on your creditworthiness. This APR will vary with the market, based on the Prime Rate. What happens to the APR after 10 months?
A) It decreases to 0%.
B) It increases to a variable rate of 10.99%, 15.99%, or 17.99%.
C)The credit terms do not specify how the rate will change.
D)There is no change to the interest rate.
Since the introductory APR is 0% from the beginning of the credit period till the 10th month, the APR after the 10th month B) increases to a variable rate of 10.99%, 15.99%, or 17.99%.
APR (Annual Percentage Rate) is the annual interest rate that applies to loans and other credit facilities, and it does not use the compounding interest principle.
The APR does not decrease to 0%, and the credit terms specify how the rate changes from the prime rate based on creditworthiness.
Thus, the APR is variable from the 10th month based on the individual's creditworthiness.
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Answer:
The answer is most likely B B) It increases to a variable rate of 10.99%, 15.99%, or 17.99%.
I hope this helps and sorry for the wait
the home katie wants to buy is in a high-risk flood area. this means that katie may need to provide her insurer with a(n) .
The main answer to your question is that Katie may need to provide her insurer with a flood insurance policy.
A high-risk flood area means that there is a greater chance of flooding and potential damage to the home.
Therefore, insurance companies may require homeowners to have a separate flood insurance policy in addition to their regular homeowner's insurance policy.
Katie may need to provide her insurer with a flood insurance policy.
Summary: Katie may need to purchase a flood insurance policy to provide her insurer with coverage in case of flooding in the high-risk flood area where she wants to buy a home.
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the market is highy price sensitive production and distrubtion costs gall as sales volume increases companies should not use a market penetration pricing strategy for a new product
A market penetration pricing strategy involves setting low initial prices for a new product to attract customers and gain market share. However, in a market that is highly price sensitive and where production and distribution costs decrease as sales volume increases, companies should not use a market penetration pricing strategy for a new product.
Additionally, if production and distribution costs decrease as sales volume increases, the company can benefit from economies of scale. This means that as more units of the product are produced and sold, the average cost per unit decreases. In such a scenario, it would be more beneficial for the company to set a higher price initially and gradually decrease it as production and sales volume increase.
For example, imagine a company introducing a new electronic gadget. If the market is highly price sensitive and the company sets a low initial price, competitors may quickly respond by lowering their prices as well. This can lead to a price war, where companies continuously lower their prices to attract customers. As a result, profit margins decrease for all companies involved.
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How to identify and assess inherent risks of material misstatement associated with long-lived assets?
To identify and assess inherent risks of material misstatement associated with long lived assets, the auditor should identify risks of misstatement using information obtained from performing risk assessment procedures and consider the characteristics of accounts and disclosures in the financial statements.
Given that we have to identify and assess inherent risks of material misstatement associated with long-lived assets.
We are required to find how we can identify and assess the risks of material misstatement associated with long lived assets.
The mistatements can cause huge blunders in the financial statements of the company because the mistatements sometimes records less amounts of a transaction,greater amount of the transaction or sometimes forget the transaction to record the transaction.
Hence to identify and assess inherent risks of material misstatement associated with long lived assets, the auditor should identify risks of misstatement using information obtained from performing risk assessment procedures and consider the characteristics of accounts and disclosures in the financial statements.
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Why would high start-up costs serve as a barrier to competition?
Charles Adams deposited $1,000 in a savings account that earns 4%
interest compounded monthly. He made no other deposits or
withdrawals. What was the amount in the account at the end of 2
months? How much is the compound interest?
$1,006.67 and $6.67
$1,013.67 and $13.67
О. $1,020.10 and $20.10
$1,040.40 and $40.40
Answer:
$1,013.67 and $13.67
Explanation:
The formula for calculating compound interest is as follows
FV = PV × (1+r)^n
Where Fv is the future value
Pv is the present value, $1000
r is the interest rate 4%
n is number of periods= 2 months
Since time is in months, applicable interest rates will be 4% per year divided by 12 months multiplied by 2
=4/12 x 2 =0.67%
Fv = $1000 x (1 + 0.67/100)^2
Fv = $1000 x (1.0067)^2
Fv = $1000 x 1.01344489
Fv= $1,013.44
The amount will be $1,013.44.
Interest will be $1,013.44 - $1000 = $13.44
In tax year 2020, a married taxpayer with AGI of $300,000 had gross investment income of $6,150 (which included a long-term capital gain of $3,500 and interest income of $2,650), brokerage commissions of $75, and tax preparation fees of $210. Calculate the amount of net investment income tax the taxpayer is required to pay
The amount of net investment income tax that the taxpayer is required to pay is $231.
What is net investment income tax?Net Investment Income Tax are generally imposed by the Internal Revenue on entities' net investment income.
Net investment income tax = ($6,150 - $75) * 3.8%
Net investment income tax = $6,050 * 3.8%
Net investment income tax = $231
In conclusion, the amount of net investment income tax that the taxpayer is required to pay is $231.
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Hello. Im in a rush of figuring out what kind of advertisement i need for my product and its a drone. Someone help please.
Answer/Explanation:
In regarding to advertisement, you can use social media to promote your product or spreading the word by participating in events regarding your form of business. For example, if you use a social media platform and have any related members or friends who are on the same platform, they can boost your product and assist in your advertising.
Which statement is true about ISO 9000?
A.
Only 10 products from an organization can be certified.
B.
Organizations can become certified.
C.
Employees can certify themselves.
D.
Marketing activities can be certified.
Answer: B- Organizations can become certified
Explanation: In the lesson it states:
"Here are certain facts about ISO 9000:
ISO 9000 is applicable to any business, regardless of its size or the industry in which it exists.
It includes definitions, requirements, and recommendations for continuous improvement.
ISO 9000 can also provide certifications to organizations.
Over 170 countries have used ISO 9000 certifications in their industries."
write on perfect competition
4. Suppose the cross-price elasticity of demand for pork with respect to the price of
chicken is equal to +0. 4. What does this tell you about the relationship between pork
and chicken (substitutes, complements)? What will happen to consumption of pork if
the price of chicken falls by 20%?
Cross-price elasticity of demand is a measure of how responsive the demand for one good is to a change in the price of another good. A positive cross-price elasticity of demand indicates that the two goods are substitutes, meaning that an increase in the price of one good leads to an increase in the demand for the other good, while a decrease in the price of one good leads to a decrease in the demand for the other good.
In this case, the cross-price elasticity of demand for pork with respect to the price of chicken is equal to +0.4, indicating that pork and chicken are substitutes. This means that an increase in the price of chicken will lead to an increase in the demand for pork, while a decrease in the price of chicken will lead to a decrease in the demand for pork.
If the price of chicken falls by 20%, the demand for pork will increase due to the positive cross-price elasticity of demand. However, the extent of the increase in demand will depend on the size of the cross-price elasticity of demand. In this case, a 20% decrease in the price of chicken will lead to a 0.4 x 20% = 8% increase in the demand for pork. Therefore, the consumption of pork will increase by 8% if the price of chicken falls by 20%.
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81) When a seller advertises an item at a low price but once in store pushes a similar item at a higher price, the seller is participating in: A) price fixing B) price discrimination C) psychological pricing D) predatory pricing E) bait and switch.
Answer:
E) bait and switch
Explanation:
BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.
Example a seller may advert a quality Italian shoe with a low price of $50 in order to deceive a buyer or customers to their place of business by then selling a similar product of shoe that looks like the one advertise by them to the customer at a higher price of $300.
A new company can offer stocks in an initial public offering (IPO) before the company has proven itself capable of generating long-term profits for its stockholders. If the company seems likely to generate profits, the stock price in the IPO will rise; if the company seems less likely to generate profits, the stock price in the IPO will fall. Today business analysts announced that the Tenon Corporation has turned a profit in the financial quarter just completed. Therefore, stock prices for the Tenon Corporation's IPO, which is planned for next week, will rise.
Which of the following, if true, most weakens the argument above?
A. Companies that do not have profitable quarters are not profitable in the long run.
B. Stock price predictions for the Tenon Corporation's IPO have varied markedly over the last several months.
C. The last financial quarter has proven profitable for numerous other companies in addition to the Tenon Corporation.
D. Industry experts announced today that the raw materials from which the Tenon Corporation manufactures its products will become prohibitively expensive within the next month.
E. Most people who purchase stocks in an IPO decline to attend stockholders' meetings of the companies in which they own stock.
Answer: D. Industry experts announced today that the raw materials from which the Tenon Corporation manufactures its products will become prohibitively expensive within the next month.
Explanation:
Costs eat into the profits of a company because the higher the costs of producing something, the less profit can be made after the costs are covered.
If there is a situation therefore, where the raw materials that Tenton relies on becomes more expensive, it is definitely going to affect their profitability because they will incur a higher cost to produce.
This will reduce their future profitability which would mean that Tenton becomes less likely to generate a certain level of profit in future thereby weakening their stock according to the logic above.
Which are direct employers for people working in the architecture and construction career pathway? check all that apply.
The state government, the federal government, the local government, and a private enterprise are the direct employers of persons who follow a career path in architecture and construction.
What is Architecture and construction pathways?
A structure's development, construction, and maintenance, whether it be a skyscraper or a motorway, are all handled by the complex cluster of subjects known as architecture and construction. Designing a complete neighborhood and installing security and fire alarms in individual buildings are both jobs in this sector. This field includes the planning and construction of structures as well as the maintenance of machinery that, once installed, becomes an essential component of the building.
Examples- of such machinery include plumbing, heating, central air conditioning, electrical wiring, lighting equipment, elevators, and escalators.
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People who pursue a career in design and construction work for the state government, the federal government, the local authority, and a private business.
What is the construction pathways for architecture?Architecture and construction is a broad field of study that is concerned with the design, building, and maintenance of various kinds of structures, including skyscrapers and highways. Jobs in this industry include planning an entire neighborhood and setting up security and fire alarms in specific structures. This profession involves both the design and building of structures as well as the upkeep of equipment that, once installed, forms a crucial part of the building.Piping, heating, air conditioning, electrical wiring, special lighting, elevators, and escalators are a few examples of this type of machinery.
Complete question:Which are direct employers for people working in the architecture and construction career pathway? check all that apply:the state government,the federal government,the local government,a private company
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can someone help with my accounting paper?
sure.. where is it? can u show?
What is NOT an advantage of being an entrepreneur?
Answer: Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business
Answer:
The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business.
Explanation: