Adam smith believed that consumer demand leads to the production of items that consumers want.
What is Consumer Demand?A group's desire for a good or service based on availability is measured economically as "consumer demand." It serves as a representation of consumer purchase behavior and aids in identifying demographic-specific purchasing patterns.
Thus, consumer demand leads to the production of items that consumers want. It serves as a representation of consumer purchase behavior and aids in identifying demographic-specific purchasing patterns.
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Miracle Pill. Katie advertised that she had developed a pill for women that would result in weight loss, wrinkle loss, and improved vitality; and for men would result in all those things, plus hair growth. Her television advertisement showed miracle results allegedly obtained by consumers. Katie cautioned, however, that ingestion of the pill for six months was required before results would be evident. The pill was wildly popular. The Federal Trade Commission, however, investigated and determined that Katie had failed to have a reasonable basis for the claims she made in advertisements. Katie claimed that she was merely involved in the use of generalities and clear exaggerations. The Federal Trade Commission disagreed and issued a formal administrative complaint against her. After a hearing, the Federal Trade Commission issued an order requiring that Katie stop advertising and selling the pills. After losing all appeals, Katie continued selling the pills until she was fined by the Federal Trade Commission. She has since left the country and cannot be located. Who would have presided over the hearing involving the administrative complaint filed against Katie by the Federal Trade Commission?a) A state circuit court judgeb) A federal district court judgec) An administrative law judged) A panel of commissioners of the Federal Trade Commissione) The full commission of the Federal Trade Commission
An administrative law judged would have presided over the hearing involving the administrative complaint filed against Katie by the Federal Trade Commission.
What is Administrative law?Administrative law serves as the branch of our law that support the administrative agencies, with power so they can imposes certain requirements on them to be able to gives solutions to when there is wrongful administrative acts.
Federal Trade Commission can be considered as an agency here and that was why it can make an order requiring that Katie stop advertising and selling the pills.
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company leaders expect advertising agencies to produce tangible outcomes with an increasing emphasis on ______.
Advertising is an important expense for the organizations, company leaders are now expecting to produce tangible outcomes of advertisement with an increased emphasis on accountability and measurable results.
Measurable results are important for the expenditure to analyze and to plan further expense to be more effective
What is an advertisement?An advertisement is an expense that is to inform consumers about the product and its benefits. The amount spent on advertisement is generally expensed out in the statement of profit or loss.
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Which agency sets up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise?
The agency that set up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise is NAFDAC
What are the function of NAFDAC?NAFDAC means the national agency of food and drug, admistration and control.
They are organization is responsible for standadizing the goods produced by manufacturing industries. They ensure these industries comply with the set standards before producing food for consumption purpose.
Hence the agency that set up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise is NAFDAC
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Your opening a small toy store. Identify three decision about inventory you would need to buy in your first year of operation. What type of information, if any would you want or need to have available in you accounting information system to help you make each of those decisions?
Your main focus should be towards what kind of toys kids demand or you should have proper supply or not.
There are three inventory decisions you would need to make throughout your first year of business :
1. The most crucial decision you must make is how many new toys should be bought to satisfy expected demand for the product. Sales will be lost if you order too little, and profits will be decreased if you order too much due to the low pricing offered during clearance sales.
2. The second most crucial decision you must make is to keep your toys up to dated according to kids interest.
3. The third most important decision not to move towards higher return in your first year by offering less price than M.R.P.
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Credit unions differ from retail banks because they are
In the finance industry, the Credit unions differ from retail banks because they are owned by their members.
What is a Credit unions?It is a financial institution very similar to a commercial bank which is a member-owned nonprofit financial cooperative.
What is a retail banks?It is a financial institution that offers personal banking to the general public, rather than to companies, corporations or other bank
In conclusion, the Credit unions differ from retail banks because they are owned by their members.
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Answer:
owned by members
Explanation:
did it
The purpose of the gross method of accounting for sales discounts is to a.avoid recording a subsequent adjusting entry. b.record the largest amount of sales to show robust revenues. c.assume the customer will not take the discount. d.abide by the GAAP requirements to record sales in the amount most likely to be received.
The main purpose of the gross method of accounting for sales discounts is to abide by the GAAP requirements to record sales in the amount most likely to be received.
What are GAAP requirements?Also called the Generally Accepted Accounting Principles requirements, it refers to the collection of accounting rules and standards for financial reporting.
Hence, the gross method of accounting for sales discounts are used because its abide by the GAAP requirements to record sales in the amount most likely to be received.
Therefore, the Option D is correct.
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What might a concept include along with a brief written description of the product?
Along with a brief description of a product, a concept might include a visual image to satisfy the customer.
What is a Visual image?A visual image is a visible drawing or diagrammatic expression that represents a concept. A visual image gives an idea of the product and gives a detailed description of what to expect of the product.
When advertising a product, a visual image is needed to satisfy or convince a customer on the particular product.
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The united states is a ______________ economy, with nearly all of the characteristics of a ____________________ economy.
Mr. Fitzgerald is selling his home to permanently move into a retirement facility near his daughter in a neighboring state before the annual election period. He has a stand-alone prescription drug plan and has learned it is not available where he is moving. He doesn’t know what he should do. What can you tell him?.
Answer:b.
Because he is moving outside of the service area, the plan must automatically disenroll him. He will have a special election period to select a new plan.
Explanation:
Despite the fact that he's transferring outdoor of the provider location, the plan should robotically disenroll him. He could have a special election length to pick out a new plan.
What is a stand-alone prescription drug plan?A PDP is often known as a “stand-by myself prescription drug plan” because it is separate prescription drug insurance that Medicare beneficiaries can purchase – thru private insurers – commonly to supplement unique Medicare.
What are the four prescription drug insurance levels?For the duration of the year, your prescription drug plan prices might also change depending on the insurance degree you are in. When you have an element D plan, you pass via the CMS coverage degrees on this order: deductible (if applicable), initial coverage, insurance hole, and catastrophic coverage.
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The U.S. government funds the federal budget deficit by Group of answer choices borrowing from large private banks at favorable terms and low interest rates. selling securities such as Treasury bonds and Treasury bills. selling stock in government-owned corporations. selling shares in gold owned by the Federal Reserve via special drawing rights.
The U.S. government funds the federal budget deficit by selling securities such as Treasury bonds and Treasury bills.
What is budget deficit?Budget deficit is when the government expenditure is more that its revenue. Here, the expenses incurred are more that what comes in as income to the government.
Hence, the U.S. government funds the federal budget deficit by selling securities such as Treasury bonds and Treasury bills.
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The activities buyers and sellers perform to facilitate mutually satisfying exchanges is:
The activities buyers and sellers perform to facilitate mutually satisfying exchanges is marketing
Buyers and SellersBuyers are those that request for goods and services for consumption purpose while the sellers make goods and services available to the buyers,
Both buyers and sellers carry out activities for mutual benefit of both parties. These activity that is being performed between the parties is known as marketing.
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Potential output is not purely a physical measure based on the number of workers and existing factories because:
Potential output is not purely a physical measure based on the number of workers and existing factories because factories may be technologically obsolete.
What is potential output?Potential output of an economy is used to determine the amount of goods and services that is produced when people are gainfully employed.
It does not consider unemployment everyone is assumed to be working.
Therefore, Factories may not function again and cannot be called potential output.
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How to make poultry farm?
Answer:
How to make a poultry farmExplanation:
Steps:Choose the type of poultry bird to rearSelect a suitable farm location or siteProvide good housing/shelter for the birdsFeeding and medication of the poultry birdsMarketing and sales of the poultry birds Necessary poultry equipmentsFeederWater potLaying nestsHeater/incubatorFencingEgg handling nestsThe federal government’s health care program for older individuals is ________
_______ is the government’s health care program for low-income families.
Medicare, Medicaid
...
ExplanationAnswer:
medicare, medicaid
Explanation:
edmentum
The cross-price elasticity of demand for peanut butter with respect to the price of jelly is -0.3. If we expect the price of jelly to decline by 15%, what is the expected change in the quantity demanded for peanut butter
The expected change in the quantity demanded for peanut butter is decreased by 4.5%.
What is Elasticity of Demand?The term Elasticity refers to the Change and demand refers to the willingness and ability to purchase a particular product. Thus the Elasticity of Demand refers to the Change in the level of the demand in response to the change in the price that too in large.
Price Elasticity = percentage change in the quantity demand/ percentage change in price of the butter
0.3 = x/15%
x = 4.5%
Therefore the quantity demanded of the peanut butter will be declined by 4.5%
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what do i say to "tell me about yourself" in a job interview
(20 pts)
Answer:
1- Mention past experiences and proven successes as they relate to the position. ...
2- Consider how your current job relates to the job you're applying for. ...
3- Focus on strengths and abilities that you can support with examples. ...
4- Highlight your personality to break the ice.
Explanation:
The common denominator for decisions on service processes is _______, but for manufacturing processes it is _______
The common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
What is a common denominator?This refers to the feature that is shared by all members, item, quantity of a subject matter.
Hence, the common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
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What is the approximate yield to maturity for a $1000 par value bond selling for $1120 that matures in 6 years and pays 12 percent interest annually
The approximate yield to maturity of the bond considering the par value, selling price as well as years to maturity is 9.43%
The requirement is to determine the approximate yield to maturity of the bond using a formula approach.
The approximate yield to maturity of a bond is different from the yield computed using a financial calculator or excel spreadsheet because the yield computed using a software approach is precise, in other words, the approximate yield to maturity of a bond can be computed using the formula provided below:
Yield=(C+(F-P)/n))/(F+P)/2
C=annual coupon=12%*$1000
C=$120
F=face value=$1000
P=current price=$1,120
n=years to maturity=6
Yield=($120+($1000-$1120)/6)/($1000+$1120)/2
Note $1000-$1120/6=-$20
Yield=($120-$20)/($2,120)/2
Yield=$100/$1060
Approximate yield=9.43%(rounded to 2 decimal places)
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A firm’s mixture of debt and equity financing is the result of its ______ decisions.
Explanation:
Its answer is capital structure
Which player in the economy supplies labor in the factor market?
a. Government
b. Households
c. Business firms
d. Rest of the world
The player in the economy which supplies labor in the factor market is the households.
What is supply of labor?This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.
Hence, the player in the economy supplies labor in the factor market is the households.
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Answer: Households
HouseHolds supply the factor market.
______ products are purchased by the ultimate consumer, whereas Blank______ products are purchased by organizations to assist them in providing other products for sale.
Consumer products are purchased by the ultimate consumer, whereas business products are purchased by organizations to assist them in providing other products for sale.
What are consumer products and business products?Any item created or supplied with the intention of being sold to a customer and used, consumed, or enjoyed by that consumer is referred to as a consumer product. Products that are often designed primarily for business, commerce, or industry usage are not included in the consumer products.
Examples: clothes, food, jewelry
The items are regarded as business products if they are purchased by a company for internal usage.
Examples: raw materials, equipment
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Female executives in international business have workplace challenges due to gender biases in some countries. For this reason, some companies do not eagerly offer women _____.
For this reason, some companies do not eagerly offer women international assignments.
What are the barriers/challenges women face at the workplace?Because men have dominated leadership roles for so long when a woman demonstrates these qualities, they are not as well received.Men continue to have more networks than women, which allows them to hear about opportunities and locate mentors and sponsors who will support their growth.The difficulty of juggling work and home obligations sometimes prevents women from pursuing leadership positions. The outdated idea of male and female home responsibilities is still used in the design of workplaces.Obstacles still exist in the form of hostile work environments and covert bias. Women of race encounter more barriers to success and are thus even less likely to assume leadership positions.Learn more about the impact of women's leadership in the workplace here:
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Help!!!!!!!!!!!!!!!!!
Answer:
being untrusting
Explanation:
as you have save all the money in ur home then it's mean that you don't trust any one
The following transactions apply to Ozark Sales for Year 1:
1. The business was started when the company received $50,000 from the issue of common stock. 2, Purchased inventory of $380,000 on account.
3. Sold for $510,000 cash (NOT including sales tax). Sales tax of 8 percent is collected when the merchandise is sold. The merchandise had a cost of $330,000.
4. Provided a six-month warranty on the merchandise sold. Based on industry estimates, the warranty claims would amount to 2 percent of sales.
5. Paid the sales tax to the state agency on $400,000 of the sales.
6. On September 1, Year 1, borrowed $50,000 from the local bank. The note had a 4 percent interest rate and matured on March 1, Year 2.
7. Paid $6,200 for warranty repairs during the year.
8. Paid operating expenses of $78,000 for the year.
9. Paid $250,000 of accounts payable.
10. Recorded accrued interest on the note issued in transaction no. 6.
Prepare the journal entries for the preceding transactions and post them to the appropriate T-accounts.
Answer:
Current liabilities: Accounts payable$130,000
Sales tax payable 8,800
Warranty Payable 4,000
Interest payable 667
Notes payable 50,000
Total current liabilities$193,467
Explanation:
An investor has $ to invest in a cd and a mutual fund. The cd yields % and the mutual fund yields %. The mutual fund requires a minimum investment of $, and the investor requires that at least twice as much should be invested in cds as in the mutual fund. How much should be invested in cds and how much in the mutual fund to maximize the return? what is the maximum return?.
The amount of $25,000 will be invested in the mutual funds while the amount of $50,000 will be invested in the CDs.
What represents the Two Investment?Let X represent the amount in Mutual Funds and Y represent the amount in CDs.
The constraints includes:
Y = 2x; x>9000; Y = 75000 - x
Now, there need to be at least 2x + x = 75000; 3x = 75000; x = 25000
Now, given that x equals $25,000, then, the mutual funds equals $25,000 while the Y equals $50,000 for CDs ($75,000 - $25,000).
Therefore, the amount of $25,000 will be invested in the mutual funds while the amount of $50,000 will be invested in the CDs.
Complete question "An investor has 75,000$ to invest in CD and mutual funds. The CD yields 7% and mutual funds 5%. the mutual fund requires a minimum investment of $9000 and the investor requires that at least twice as much should be invested in CDs as mutual funds. How much should be invested in Cds? How much in mutual funds? what is the maximum return?"
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Gilroy, a calendar-year taxpayer, is a long-time partner in the firm of Adam and Company, which has a fiscal year ending June 30. The partnership agreement provides for Gilroy to receive 25% of the ordinary business income of the partnership. Gilroy also receives a guaranteed payment of $1,000 monthly, which is deductible by the partnership. The partnership reported ordinary business income of $88,000 for the year ended June 30, 2021, and $132,000 for the year ended June 30, 2022. How much should Gilroy report on his 2021 return as total income from the partnership
after the federal reserve buys bonds, the interest rate changes and aggregate expenditures change, the following will most likely occur
The next thing to occur would be B. the price level in the economy will rise and the money demand will decrease
What is Interest Rate?This refers to the amount of money that is added to be paid back on the settlement of a loan.
Hence, we can see that after the federal reserve buys bonds, the interest rate changes and aggregate expenditures change, thus will cause the price level in the economy will rise and the money demand will decrease
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Corporate executives realize that if they can establish ideological outposts in the minds of people, they can use those outposts to.
Sunk costs are costs that ____. Multiple choice question. will not contribute to profits in the long run even if a project is accepted have already occurred and are not affected by accepting or rejecting a project relate to other projects of the firm cannot be measured
A sunk cost is a cost that have already occurred and are not affected by accepting or rejecting.
What is a sunk cost?These refer to costs that the business has already incurred and so cannot recuperate regardless of whether they accept a project or not.
They therefore have no say on a project's acceptance and should not be included in any project analysis.
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according to the international data corporation (idc), what is that crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets?
According to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.
What are data-driven decisions?A data-driven decision is the use of facts, metrics, and data to guide strategic business decisions to align with organizational future goals, objectives, and current initiatives.
Data-driven decisions enable organizations to observe real data and gain predictive insights, enabling the organization to achieve efficiency and effectiveness in its operations.
Thus, according to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.
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