Answer:
Classical economics refers to an era in the history of economic thought that stretched from about the 18th century late to the late 19th century.
Explanation:
It emerged during the period known as the Industrial Revolution, where significant social and economic changes were taking place.
Classical economists, such as Adam Smith, David Ricardo, and John Stuart Mill, developed theories and principles that laid the foundation for modern economics.
They emphasized the importance of individual self-interest, free markets, and the invisible hand of market forces in determining prices, production, and resource allocation.
Classical economics focused on concepts like supply and demand, division of labor, and the role of capital and labor in economic growth.
The ideas put forth by classical economists greatly influenced subsequent economic theories and laid the groundwork for the development of neoclassical economics in the late 19th century.
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Stone Sour Corp. issued 20-year bonds two years ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?
Settlement Date= 1/1/2000
Maturity Date= 1/1/2018
Annual Coupon Rate =7.10%
Coupon per Year=2
Face Value(%of Par)=100
Bond Price (%of Par)=105
Calculate Yield to Maturity in Excel using above Information
YTM for Stone Sour Corp.'s bonds is 6.36%.
To calculate the yield to maturity (YTM) of Stone Sour Corp.'s bonds, we will use the financial functions in Excel. First, we need to gather the necessary information:
- Settlement date: January 1, 2000
- Maturity date: January 1, 2018
- Annual coupon rate: 7.1%
- Coupon payments per year: 2 (semiannual payments)
- Face value (% of par): 100%
- Bond price (% of par): 105%
Next, we can use the following formula in Excel to calculate the YTM:=YIELD(settlement,maturity,rate,pr,redemption,frequency,basis)
- Settlement: January 1, 2000
- Maturity: January 1, 2018
- Rate: This is the unknown variable we are solving for, so we will leave it blank for now.
- Pr: The bond price as a percentage of face value, which is 105% in this case.
- Redemption: The face value of the bond, which is 100% in this case.
- Frequency: The number of coupon payments per year, which is 2 in this case.
- Basis: The day count basis to use, which we will set to 0 (meaning the US (NASD) 30/360 basis).
So, our formula will look like this:=YIELD("1/1/2000","1/1/2018",,105,100,2,0)
When we enter this formula into Excel, it will return the YTM as a decimal number. In this case, the YTM is 6.36%.
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true or false a solicited proposal is one that you send to a customer who has not requested it.
False. A solicited proposal is a type of business proposal that is submitted in response to a request or invitation from a prospective client.
This request can come in the form of a formal Request for Proposal (RFP) or a more informal request from a client asking for a proposal to address a specific problem or need. In this case, the client has initiated the request, and the proposal is being sent in response to that request.
On the other hand, an unsolicited proposal is one that is sent to a prospective client without any prior request or invitation. These proposals are typically sent by businesses or individuals who have identified a potential problem or need for a client and are seeking to offer their services or solutions. Unsolicited proposals can be more challenging to succeed as there is no pre-existing relationship with the client, and they may not have a specific need or budget for the proposed solution.
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increased demand has driven up helium prices dramatically over the past several years. because of this, the cost of helium-filled birthday balloons has quadrupled. who might benefit from this price increase?
The group that might benefit from the price increase of helium-filled birthday balloons due to the dramatic rise in helium prices over the past several years are the producers and suppliers of helium.
As the demand for helium has increased, the suppliers have been able to charge higher prices, resulting in increased profits for them. The producers of helium have also seen an increase in revenue as a result of higher prices.
However, it is worth noting that the increase in prices may not benefit all producers and suppliers equally. Some suppliers may have more bargaining power than others, depending on their market share and access to helium reserves. Moreover, the higher prices may also lead to reduced demand for helium-filled balloons, which could affect the overall profitability of the industry.
Consumers of helium-filled balloons, such as parents planning birthday parties, are likely to be negatively affected by the price increase. They may choose to purchase alternative decorations or reduce the number of balloons they buy, which could result in decreased demand for helium.
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suppose the price of a good in a market with three customers is $200. the first customer is willing to pay $200. the second customer is willing to pay $205. the total consumer surplus in the market is $15. how much is the third customer willing to pay?
To find out how much the third customer is willing to pay, we need to first calculate the total value that all three customers place on the good. We know that the first customer is willing to pay $200 and the second customer is willing to pay $205.
Therefore, the total value placed on the good by the first two customers is $405.
We also know that the total consumer surplus in the market is $15. Consumer surplus is the difference between what a customer is willing to pay and what they actually pay. Therefore, we can calculate the total amount paid by all three customers by adding the consumer surplus to the total value placed on the good.
Total amount paid by all three customers = Total value + Consumer surplus
Total amount paid by all three customers = $405 + $15
Total amount paid by all three customers = $420
We already know that the price of the good is $200. Therefore, we can subtract the price from the total amount paid by all three customers to find out how much the third customer is willing to pay.
Amount paid by third customer = Total amount paid by all three customers - Price
Amount paid by third customer = $420 - $200
Amount paid by third customer = $220
Therefore, the third customer is willing to pay $220 for the good.
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Fredrick Taylor is associated with which of the following theories, principles, or studies? A) Theory x and Theory Y.
B) Hygiene theory. C) Scientific management. D) The Hawthorne Studies. E) Hierarchy of needs.
Fredrick Taylor is associated with the theory of scientific management. This theory focuses on the scientific approach to management, which includes improving efficiency in production processes and enhancing the productivity of workers. The correct answer is c.
Taylor believed that the best way to maximize productivity was by breaking down work into smaller, simpler tasks and finding the most efficient way to complete each task. He advocated for standardized work processes, time and motion studies, and a clear distinction between management and labour. Taylor's ideas were widely adopted in industrial settings and contributed to the development of assembly-line production.
While Taylor's scientific management theory had a significant impact on management practices, it has also been criticized for its focus on efficiency at the expense of worker well-being. Some argue that his approach ignored the social and human aspects of work, which can lead to negative outcomes like worker alienation, dissatisfaction, and burnout.
In conclusion, Fredrick Taylor is most commonly associated with the theory of scientific management. His ideas have had a lasting impact on management practices and continue to shape discussions about workplace efficiency and worker well-being.
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Which, if any, of the following correctly describes the research activities credit?
a. The research activities credit is the greater of the incremental research credit, the basic research credit, or the energy research credit.
b. If the research activities credit is claimed, no deduction is allowed for research and experimentation expenditures.
c. The credit is not available for research conducted outside the United States.
d. All corporations qualify for the basic research credit.
e. None of these.
The correct statement about the research activities credit is A) The research activities credit is the greater of the incremental research credit, the basic research credit, or the energy research credit.
The research activities credit is a tax credit that is available to companies that engage in research and development (R&D) activities. The credit is based on a percentage of the company's qualified research expenses (QREs) for the tax year, and can be claimed by both large and small companies.
There are three different types of research credits: the basic research credit, the incremental research credit, and the energy research credit. The research activities credit is calculated as the greater of the incremental research credit, the basic research credit, or the energy research credit.
Option B is incorrect because companies can claim both the research activities credit and a deduction for research and experimentation expenditures. Option C is incorrect because the credit is available for research conducted both inside and outside the United States, as long as the research meets the other qualifying criteria. Option D is incorrect because not all corporations qualify for the basic research credit, as the credit is only available for certain types of research.
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question content area adjustment for depreciation the estimated amount of depreciation on equipment for the current year is $3,300. journalize the adjusting entry to record the depreciation.
In this entry, the Depreciation Expense account will be debited for $3,300, while the Accumulated Depreciation account will be credited for the same amount. The Depreciation Expense account is an expense account, which will reduce the net income for the year.
To record the estimated amount of depreciation on equipment for the current year, an adjusting entry must be made. This adjusting entry will reduce the value of the equipment on the balance sheet and also reduce the net income on the income statement.
The adjusting entry can be journalized as follows:
Depreciation Expense $3,300
Accumulated Depreciation $3,300
The Accumulated Depreciation account is a contra asset account, which reduces the value of the equipment on the balance sheet.
It is important to note that the estimated amount of depreciation is just that – an estimate. The actual amount of depreciation may vary, depending on the actual usage and condition of the equipment. Therefore, it is important to review and adjust the depreciation estimates on a regular basis to ensure that they are accurate.
In conclusion, by journalizing the adjusting entry to record the estimated amount of depreciation on equipment for the current year, we can accurately reflect the value of the equipment on the balance sheet and the net income on the income statement.
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which of the following is measured in the front store on the mycustomer experience scorecard?
The mycustomer experience scorecard measures various aspects of the customer experience, including factors related to both the front store and the pharmacy.
The mycustomer experience scorecard measures various aspects of the customer experience, including factors related to both the front store and the pharmacy.
However, to give you a more specific answer, it is important to note that the customer experience scorecard can vary depending on the company or organization that uses it.
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lindt chocolate invites consumers to visit one of its stores for special experience. the store provides sampling of new flavors, decorative gift boxes, and attentive customer care. what type of retail service is lindt offering? functional service full service maximum service self-service unrestricted service
Lindt Chocolate is offering a full-service retail experience to its customersIn this case, Lindt is inviting its customers to visit its stores for a special experience that includes sampling new flavors, offering decorative gift boxes, and providing attentive customer care.
Full-service retail entails providing a wide range of customer services and going above and beyond to ensure customer satisfaction.
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on may 1, 2014, one share of apple stock (aapl) traded for $84.50 on the nasdaq exchange. exactly one year later, apple's stock was trading for $128.95. if an investor purchased 100 shares on may 1, 2014 and sold those shares one year later on may 1, 2015, what would be the amount of her gain or loss?
if an investor had purchased 100 shares of Apple stock on May 1, 2014, and sold those shares one year later on May 1, 2015, they would have made a net gain of $3,427.05, after taking into account transaction fees and taxes.
To calculate the gain or loss of an investment in a stock, we need to subtract the initial cost of the investment from the final sale price, and then subtract any transaction fees or taxes incurred during the transaction.In this case, the investor purchased 100 shares of Apple stock on May 1, 2014, at a price of $84.50 per share. The total cost of the investment was:
100 shares x $84.50 per share = $8,450
One year later, on May 1, 2015, the investor sold the 100 shares of Apple stock at a price of $128.95 per share. The total revenue from the sale was:
100 shares x $128.95 per share = $12,895
To calculate the gain or loss, we need to subtract the initial cost from the final revenue:
$12,895 - $8,450 = $4,445
So the investor made a gain of $4,445 on this investment.
However, we also need to consider any transaction fees or taxes incurred during the transaction. Assuming a 1% transaction fee and a capital gains tax rate of 20%, the total fees and taxes would be:
Transaction fee: $12,895 x 1% = $128.95
Capital gains tax: ($12,895 - $8,450) x 20% = $889
So the total fees and taxes would be:
$128.95 + $889 = $1,017.95
To calculate the net gain or loss, we need to subtract the fees and taxes from the gain:
$4,445 - $1,017.95 = $3,427.05
So the net gain on this investment would be $3,427.05.
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what is the primary value of using gni per capita, rather than gni?
The primary value of using GNI per capita, rather than GNI, is that it provides a more accurate reflection of the average standard of living in a country.
GNI, or Gross National Income, measures the total income generated by a country's economy, including income earned by foreign residents and businesses operating within the country. While GNI is a useful measure of a country's economic output, it does not take into account the size of the country's population. This means that a country with a large population may have a high GNI but a lower average standard of living than a country with a smaller population and a lower GNI.
By using GNI per capita, which is calculated by dividing GNI by the total population of a country, we can get a more accurate picture of the average standard of living in that country. GNI per capita takes into account the size of a country's population and provides a better indication of the economic well-being of the average citizen. This measure is often used by economists and policymakers to evaluate the economic performance and development of different countries.
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An unprofitable motel will stay open in the short-run if:
a.price (average nightly room rate) exceeds average variable cost.
b.marginal revenue exceeds marginal cost.
c.price (average nightly room rate) exceeds average fixed cost.
d.marginal revenue exceeds price.
An unprofitable motel will stay open in the short run if the price (average nightly room rate) exceeds the average variable cost. Therefore, the correct answer is option A.
In the short run, a business can continue to operate even if it is unprofitable as long as it can cover its variable costs. Variable costs are the costs that vary with the level of output, such as the cost of labor, utilities, and cleaning supplies in the case of a motel.
If the price charged per room night is greater than the average variable cost of each room night, the motel can still cover its variable costs and generate some revenue to contribute towards its fixed costs.
However, if the price charged per room night is less than the average variable cost, the motel will be unable to cover even its variable costs, leading to a loss, and it would have to shut down.
Thus, as long as the price per room night is greater than the average variable cost, the motel will continue to operate in the short run. Therefore, the correct answer is option A.
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what is the yankees' opportunity cost of using babe ruth as a pitcher? note: a pitcher does not usually pitch in every game and hence, will not be in the batter lineup every game. a. his potential as a catcher b. his potential as an outfielder c. his potential as a short stop d. his potential as a hitter
The Yankees' opportunity cost of using Babe Ruth as a pitcher is that they potentially lose out on his potential as a hitter, which was one of his greatest strengths.
As a pitcher, Ruth would not be in the batter lineup every game, meaning that the Yankees would have to find someone else to fill that role. This could result in a weaker batting lineup overall. Additionally, Ruth had potential as a catcher, outfielder, and shortstop, all positions in which he could have contributed to the team's success. By using him primarily as a pitcher, the Yankees may have missed out on the opportunity to maximize Ruth's versatility and overall value to the team. Ultimately, the opportunity cost of using Ruth as a pitcher is the potential benefits the team could have gained by utilizing his talents in other positions.
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Write a paragraph of two or three sentences that describes why it is important to participate in a global economy
Answer:
Explanation:
Participating in a global economy is essential in today's interconnected world. Globalization has led to the integration of economies and the free flow of goods, services, capital, and people across borders. Engaging in international trade and investment creates opportunities for businesses and individuals to access new markets, resources, and technologies, leading to increased innovation, competition, and economic growth. Moreover, participation in the global economy can help countries address global challenges such as poverty, inequality, and climate change by sharing knowledge and resources and promoting cooperation and collaboration.
Answer: Integrating people, companies, and nations into the world market is referred to as participating in the global economy. This entails engaging in activities like international trade, investing abroad, and exchanging goods, services, and ideas with people outside of one's own country.
Explanation: The importance of participating in the global economy cannot be overstated, for both individuals and nations. It makes it possible to reach bigger markets, a wider range of goods and services, and more lucrative business prospects. Participating in the global economy can boost income and profitability for firms while promoting economic growth and development for nations. Participating in the global economy also fosters creativity, teamwork, and cross-cultural understanding, all of which can result in new insights, developments, and understanding.
Hence it is essential for economic growth, innovation, tech and development, and international cooperation.
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many cross-border m&a deals are driven by the desire of companies to _______________.
Many cross-border M&A deals are driven by the desire of companies to expand their business operations, but also carry inherent risks and challenges that must be carefully considered and managed.
Cross-border M&A deals offer companies the potential for significant growth and competitive advantages into new markets, increase their market share, diversify their product or service offerings, access new technologies or intellectual property, gain economies of scale and scope, and achieve synergies that lead to cost savings and increased profitability.
Companies may also seek to enter into strategic partnerships or alliances with foreign firms to leverage their expertise, gain access to distribution channels, or share risk and resources. Additionally, political and regulatory factors may also play a role in driving cross-border M&A deals, as companies may seek to enter or exit markets based on changes in trade policies, tax laws, or other government regulations. Overall,
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A price floor causes excess demand, resulting in the need to ration by some means other than price.
A. True
B. False
The statement that a price floor causes excess demand, resulting in the need to ration by some means other than price is true.
A price floor is a minimum price that the government sets above the equilibrium price in a market. The purpose of a price floor is to increase the income of producers or to protect them from low prices. However, when the price floor is set above the equilibrium price, it creates excess supply, which leads to a surplus. In the case of a surplus, there are more goods or services available than there are buyers. As a result, some goods or services remain unsold, which can lead to waste.
On the other hand, if the price floor is set below the equilibrium price, it creates excess demand, which leads to a shortage. In the case of a shortage, there are more buyers than there are goods or services available. As a result, some buyers will not be able to purchase the good or service they want. Therefore, to allocate the limited quantity of goods or services, some form of rationing may be required. This can be done by queuing, lottery, or other means, but not by price. Thus, the statement that a price floor causes excess demand, resulting in the need to ration by some means other than price is true.
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Gators Incorporated has the following information for the current year and projected for next year. Calculate its projected free cash flow to equity.
Current year
Projected
FCF
NA
1,000
Total debt
400
600
Interest rate on debt
6%
6%
Tax rate
25%
25%
a. $1,561
b. $1,419
c. $1,066
d. $1,173
e. $1,290
Answer:
Explanation:
To calculate the projected free cash flow to equity, we can use the following formula:
Free Cash Flow to Equity = (FCF - Interest x (1 - Tax Rate)) - (Net Borrowing x (1 - Tax Rate))
Where FCF = Free Cash Flow, Interest = Interest Expense, Tax Rate = Tax Rate, and Net Borrowing = New Debt Issued - Debt Repaid
Using the information given:
Current year FCF is not available, so we can't calculate the FCF for that year.
Projected FCF = $1,000
Interest = Total debt x Interest rate on debt = $400 x 6% = $24
Net Borrowing = New Debt Issued - Debt Repaid = $600 - $400 = $200
Substituting these values in the formula:
Free Cash Flow to Equity = ($1,000 - $24 x (1 - 0.25)) - ($200 x (1 - 0.25))
Free Cash Flow to Equity = ($1,000 - $18) - ($150)
Free Cash Flow to Equity = $832
Therefore, the projected free cash flow to equity for Gators Incorporated is $832. Answer: None of the above (not listed).
. quick assets include a. cash, cash equivalents, receivables, prepaid expenses, and inventory b. cash, cash equivalents, receivables, and prepaid expenses c. cash, cash equivalents, receivables, and inventory d. cash, cash equivalents, and receivables
B) Cash, cash equivalents, receivables, and prepaid expenses. Quick assets are those that can be easily converted into cash to meet short-term financial obligations.
These assets are typically considered to be the most liquid assets of a company. The four types of quick assets include cash, cash equivalents, receivables, and prepaid expenses.
Inventory is not considered a quick asset because it may take time to sell and convert into cash. Cash is the most liquid asset and includes physical currency, deposits in checking and savings accounts, and cash on hand. Cash equivalents are short-term investments that are easily convertible into cash, such as money market funds and treasury bills.
Receivables refer to money owed to the company by customers or clients. Prepaid expenses are expenses that have been paid in advance, such as rent or insurance premiums. Having a high amount of quick assets is important for a company's liquidity and ability to meet short-term obligations.
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In value-based purchasing and pay-for-performance systems, which incentive is financial?
a. Public recognition
b. Higher fee schedule
c. Public report cards
d. Commendations
The financial incentive in value-based purchasing and pay-for-performance systems is a b. higher fee schedule.
Value-based purchasing and pay-for-performance systems are designed to incentivize healthcare providers to deliver high-quality care by tying their reimbursement to their performance on quality measures. In these systems, providers can receive financial incentives for meeting or exceeding certain benchmarks, such as reducing hospital readmissions or improving patient outcomes. One type of financial incentive is a higher fee schedule, which means that providers can receive a higher payment for their services if they meet or exceed the quality standards. This can encourage providers to focus on improving the quality of their care in order to receive higher reimbursement. Other incentives, such as public recognition or commendations, may also be used to motivate providers to improve their performance.
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licensee alex only represents the buyer in a transaction. what is alex called in this situation?
In this situation, Alex is called a buyer's agent. A buyer's agent, also known as a licensee representing the buyer, is a real estate agent or broker who exclusively represents the interests of the buyer in a real estate transaction.
Their primary responsibility is to advocate for the buyer's best interests throughout the process. As a buyer's agent, Alex works on behalf of the buyer, providing assistance in finding suitable properties, negotiating purchase terms, conducting property inspections, and guiding the buyer through the entire buying process. They act as a fiduciary for the buyer, prioritizing their client's needs and goals.
It's important to note that a buyer's agent has a legal and ethical obligation to represent the buyer's interests and keep any confidential information disclosed by the buyer confidential. They provide professional advice, market expertise, and help the buyer make informed decisions.
On the other hand, there are also seller's agents who represent the seller in a transaction. Seller's agents work to secure the best terms and price for the seller. In some cases, real estate agents may act as dual agents, representing both the buyer and the seller, but this requires full disclosure and informed consent from both parties.
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what is the benefit of common-sized analysis using the inverse operating asset turnover (ato) ratios? group of answer choices all of the answers are benefits it provides a common denominator for all accounts is more comparable year-to-year than other methods negates the issue with small denominators
The common-sized analysis with inverse ATO ratios is a useful tool for evaluating a company's operational efficiency and financial performance.
The benefit of using common-sized analysis with inverse operating asset turnover (ATO) ratios is that it provides a common denominator for all accounts and makes them more comparable year-to-year than other methods. By using the inverse ATO ratio, which is sales divided by total assets, we can see how efficiently a company is using its assets to generate sales. The common-sized analysis standardizes the financial statements and expresses all items as a percentage of a common base, typically sales. This allows for a better comparison between companies and helps identify trends in a company's financial performance over time. Additionally, the use of the inverse ATO ratio avoids the issue with small denominators that may arise with other ratios. Overall, the common-sized analysis with inverse ATO ratios is a useful tool for evaluating a company's operational efficiency and financial performance.
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Which of the following most clearly indicates that fiscal policy is becoming
more expansionary?
A. An increase in the budget deficit relative to GDP
B. A reduction in the budget deficit relative to GDP
C. An increase in the budget surplus relative to GDP
D. An increase in the nominal (dollar) size of the budget deficit
Fiscal policy is the use of government spending and taxation to influence the economy. When fiscal policy is expansionary, An increase iningin the budget deficit relative to GDP so correct answer is A
Conversely, when fiscal policy is contractionary, it means that the government is decreasing spending and/or increasing taxes in order to slow down economic growth and control inflation.In order to determine whether fiscal policy is becoming more expansionary or contractionary, we need to look at the budget deficit or surplus relative to GDP. The budget deficit is the amount by which government spending exceeds revenue in a given year, while the budget surplus is the amount by which revenue exceeds spending. GDP, or gross domestic product, is the total value of goods and services produced within a country in a given year.Answer choice A, an increase in the budget deficit relative to GDP, most clearly indicates that fiscal policy is becoming more expansionary. This is because an increase in the budget deficit means that the government is spending more than it is collecting in revenue, which puts more money into the economy and stimulates economic growth. When the budget deficit is expressed as a percentage of GDP, it gives us a sense of how large the deficit is relative to the size of the economy. , which suggests that the government is increasing spending at a faster rate than the economy is growing.
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based on chp 7 and the video, what stage of the product life cycle of the water market is divinia competing in?
Divinia is a company that offers a unique water filtration system that utilizes a ceramic filter to remove impurities from water. In order to determine the stage of the product life cycle that Divinia is currently competing in, we must consider the characteristics of each stage and evaluate how they relate to the company's current situation.
The product life cycle consists of four stages: introduction, growth, maturity, and decline. During the introduction stage, a new product is introduced to the market and sales are typically low. In the growth stage, sales begin to increase rapidly as the product gains acceptance among consumers. The maturity stage is characterized by slowing sales growth and increasing competition, while the decline stage is marked by declining sales and the eventual discontinuation of the product.Based on chapter 7 of the textbook and the video, it appears that Divinia is currently competing in the growth stage of the product life cycle for the water market. The company's unique ceramic filtration system has gained traction among consumers who are seeking a reliable and effective way to purify their drinking water. Divinia has also attracted attention from retailers and distributors who are interested in carrying their products. These are all indicators of a growing market for Divinia's products.In addition, the video highlighted the company's recent expansion into new markets, such as Southeast Asia and Europe, which suggests that Divinia is actively seeking to capitalize on the growth potential of their products. This is a common strategy for companies in the growth stage of the product life cycle, as they seek to expand their customer base and increase their market share.
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under the modified accrual basis of accounting, expenditures generally are not recognized until:
Under the modified accrual basis of accounting, expenditures are generally not recognized until they become due and payable.
This means that the expenses are recorded when the related goods or services have been received, and the supplier has issued an invoice for payment. In other words, the recognition of expenses is based on the matching principle, which requires that expenses be recognized in the same period as the related revenue. However, there are some exceptions to this rule, such as prepaid expenses or expenditures that are specifically authorized to be recognized on an accrual basis. It is important for organizations to understand the principles of modified accrual accounting to ensure accurate financial reporting and compliance with accounting standards.
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the sequence of establishing a job description and job specification for a restaurant is:
In summary, the sequence of establishing a job description and job specification for a restaurant is to first identify the roles and responsibilities of the position, then create a job specification that outlines the qualifications, skills, and experience required for the role. These documents can then be used to advertise the position and attract suitable candidates.
Establishing a job description and job specification for a restaurant requires careful consideration and planning. The first step is to identify the roles and responsibilities of the position, which will form the basis of the job description. This should include specific tasks, duties, and responsibilities that are required for the job. It is important to ensure that the job description is accurate and complete, as it will be used to attract suitable candidates.
The next step is to create a job specification, which outlines the qualifications, skills, and experience required for the role. This includes educational requirements, work experience, and any relevant certifications or licenses. The job specification should also include personal attributes, such as communication skills, leadership ability, and teamwork.
Once the job description and job specification are complete, they can be used to advertise the position and attract suitable candidates. It is important to ensure that the job description and job specification are clear and concise, as this will help to attract the right candidates and reduce the risk of misunderstandings or miscommunications during the recruitment process.
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true or false? credit risk is the chance that a borrower will default on a loan by not fully meeting stipulated payments on time.select one:truefalse
Explanation:
false because there's no way to get a loan without having any meetings
which of the following are the choices that firms have for dealing with higher resource costs
The firms have several choices for dealing with higher resource costs. One option is to increase the price of their products or services, passing on the cost to consumers.
Another option is to look for alternative, cheaper resources to use in production. Firms may also choose to reduce their own costs in other areas to offset the increase in resource costs.
By increasing prices, firms are able to maintain their profit margins even with higher resource costs. However, this can lead to a decrease in demand for their products or services if consumers are unwilling to pay the higher price. Finding alternative resources can help to reduce costs, but this may also require changes in production processes and may not always be feasible.
1. Increasing prices: Firms can pass on the increased costs to consumers by raising the prices of their products or services. This may maintain profit margins, but it could also lead to reduced demand if customers are sensitive to price changes.
2. Reducing production: Companies can choose to produce less output in response to higher resource costs. This may result in lower total costs, but it could also lead to lower revenues and potential loss of market share.
3. Improving efficiency: Firms can invest in technology, process improvements, or employee training to increase productivity and reduce resource usage. This may lower overall costs and maintain profit margins without having to raise prices or reduce production.
4. Seeking alternative resources: Companies can explore options for using lower-cost or more efficient resources in their production process. This might involve finding new suppliers, utilizing recycled materials, or switching to renewable energy sources. This can help offset the impact of higher resource costs on the firm's bottom line.
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an employee earns $6,000 per month working for an employer. the federal insurance contributions act (fica) tax rate for social security is 6.2% of the first $137,700 earned each calendar year and the federal insurance contributions act (fica) tax rate for medicare is 1.45% of all earnings. the current federal unemployment taxes (futa) tax rate is 0.6%, and the state unemployment taxes (suta) tax rate is 5.4%. both unemployment taxes are applied to the first $7,000 of an employee's pay. the employee has $202 in federal income taxes withheld. the employee has voluntary deductions for health insurance of $170 and contributes $85 to a retirement plan each month. what is the amount of net pay for the employee for the month of january?
Finally, to calculate the net pay for January, subtract the total deductions from the employee's gross pay: $6,000 - $1,276 = $4,724
The employee's net pay for the month of January is $4,724.
To calculate the net pay for the employee for the month of January, we will first determine the various deductions:
1. FICA Social Security tax: 6.2% of $6,000 = $372
2. FICA Medicare tax: 1.45% of $6,000 = $87
3. Federal Income tax withheld: $202
4. Health Insurance deduction: $170
5. Retirement plan contribution: $85
Next, we will calculate the FUTA and SUTA taxes, which only apply to the first $7,000 earned. Since this is the employee's pay for January, the FUTA and SUTA taxes apply:
6. FUTA tax: 0.6% of $6,000 = $36
7. SUTA tax: 5.4% of $6,000 = $324
Now, we will add up all the deductions: $372 + $87 + $202 + $170 + $85 + $36 + $324 = $1,276
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implementing an activity-based costing system often results in a shift of overhead costs from:
Implementing an activity-based costing system often results in a shift of overhead costs from high-volume products to low-volume products.
This is because traditional costing systems allocate overhead costs based on a single cost driver, such as direct labor hours or machine hours, without considering the different activities that consume those resources. However, activity-based costing allocates overhead costs to products based on their consumption of specific activities that drive those costs.
High-volume products typically consume fewer resources per unit and rely on automated processes, which results in lower overhead costs allocated to them under traditional costing methods. On the other hand, low-volume products require more customized production processes, involve more setup time, and may require more attention from supervisors, resulting in higher overhead costs allocated to them under activity-based costing.
By shifting overhead costs to the products that consume them, activity-based costing provides a more accurate and fair representation of the true costs of production. This can help companies make better decisions about pricing, product mix, and process improvement.
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what happens to a firm's net worth as it uses cash to repay accounts payable? A. Net worth increases.
B. Net worth decreases.
C. Net worth remains constant.
D. Net worth decreases temporarily, until cash is replenished.
The correct answer is B. Net worth decreases. When a firm uses cash to repay accounts payable, it is reducing its liabilities, but also decreasing its assets (cash).
Net worth is calculated as assets minus liabilities, so reducing cash without a corresponding increase in assets results in a decrease in net worth. This is because net worth represents the value of the firm's assets that belong to its owners/shareholders.
When the firm uses cash to repay accounts payable, it is essentially transferring ownership of some of its assets to its creditors, which reduces the net worth that belongs to the owners/shareholders.
However, it's important to note that this decrease in net worth is only temporary if the firm can replenish its cash reserves through profitable operations or financing activities. In the long term, a firm's net worth can increase if it generates profits and retains earnings or if it raises capital through equity offerings.
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