Option A. A change in demand is a shift of the entire demand curve to the left or right.
It occurs when the quantity demanded changes at every price level due to a factor other than price, such as a change in consumer preferences, income, or the availability of substitute goods or services.
In contrast, a change in quantity demanded (B) refers to a movement along the demand curve in response to a change in price, holding all other factors constant. Complements (C) are goods or services that are consumed together, so a change in the price of one good affects the demand for the other. The income effect (D) is the change in quantity demanded of a good or service resulting from a change in the consumer's purchasing power due to a change in income. Substitutes (E) are goods or services that can be used in place of one another, so a change in the price of one good affects the demand for the other.
Therefore, the correct answer is A. Change in demand.
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Different amounts demanded at every price, causing the demand curve to shift to the left or the right.
A. Change in demand
B. Change in quantity demanded
C. Complemented
D. Income effect
E. Substitutes
cost of goods sold, sales revenue, income statement jasper company provided the following information for last year: line item description numerical data sales in units 280,000 selling price $12 direct materials 210,000 direct labor 565,000 manufacturing overhead 110,000 selling expense 437,000 administrative expense 854,000 last year, beginning and ending inventories of work in process and finished goods equaled zero. required: calculate the cost of goods sold for last year. fill in the blank 1 of 1$
The total cost of goods sold (COGS) for the year is computed as the sum of all manufacturing expenses. Manufacturing expenses in this scenario comprise direct materials, direct labor, and manufacturing overhead.
COGS = Cost of Goods Sold + Direct Labor + Manufacturing Overhead COGS = $210,000 + $565,000 + $110,000 COGS = $885,000 As a result, the cost of products sold for the previous year was $885,000. The total cost of goods sold (COGS) for the year is computed as the sum of all manufacturing expenses. Manufacturing expenses in this scenario comprise direct materials, direct labor, and manufacturing overhead. cost of goods sold, sales revenue, income statement jasper company provided the following information for last year: line item description numerical data sales in units 280,000 selling price $12 direct materials 210,000 direct labor 565,000 manufacturing overhead 110,000 selling expense.
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multiple choice question a marketing researcher wants to study the factors that increase profits earned by companies. in this scenario, which of the following would be an example of a hypothesis that suggests a positive relationship between the two variables? multiple choice question. firms that spend less on advertising are more likely to earn higher profits. firms that have high attrition rates are more likely to have lower profits. firms that spend more on research are more likely to earn higher profits. firms that place importance on media relations see no rise or fall in their profits.
These are some examples of hypotheses that would indicate a favorable correlation between the two variables: The likelihood of bigger profits is higher for companies that invest more in research.
How might market research be demonstrated?In-depth or straightforward questions can be asked during interviews, a typical form of primary market research. When a company phones a current client to inquire about their satisfaction with a product they recently bought, that is an example of an interview in the context of market research.
What exactly is market research? What actions constitute a marketing research study?There are six steps in the marketing research process: the identification of the problem, the development of a solution strategy, 3. The creation of the research plan, 4. Fieldwork or data collecting, 5. Preparation and analysis of the data, and 6. Report creation and presentation.
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abc inc. is planning to sell its surplus equipment. this transaction should most likely be classified as:
The sale of surplus equipment by ABC Inc. would most likely be classified as a non-operating or an "other income" transaction in the company's financial statements.
What is a non-operating income?Non-operating income is income earned by a company that is not directly related to its core business operations. In this case, the sale of surplus equipment is not part of ABC Inc.'s core business activities and is therefore considered non-operating income. Other examples of non-operating income include gains on the sale of investments, rental income, and interest income.
Alternatively, the sale of surplus equipment could also be classified as an "other income" transaction, which is a catch-all category for income that is not related to the company's core business operations or investment activities.
Regardless of how it is classified, the income generated from the sale of surplus equipment would be reported on the company's income statement as a separate line item, typically under "non-operating income" or "other income."
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Compared to the United States, a developing country is likely to have: A. a higher per capita income B. a lower standard of living C. a lower state of inflation D. a higher gross domestic product
Answer: B
Explanation:
B : A lower standard of living
Developing countries are not fully formed yet, which would lead to worse infrastructure ie, lower state of living. United states is a developed country, which means higher state of living.
Who benefits if Stacy uses eBay to sell an old camera to Donna, a collector of old cameras?[A] Stacy, Donna, and eBay[B] Donna only[C] Stacy and Donna[D] Stacy only
If Stacy uses eBay to sell an old camera to Donna, a collector of old cameras, Stacy, Donna, and eBay all benefits. (Option A)
In the given case, Stacy sells an old camera using eBay to Donna who is a collector of old cameras. As a result, all three of them benefit from the transaction. Stacy benefits from using eBay to sell her old camera because she is able to make a profit from the sale. Donna benefits because she is able to add the old camera to her collection. eBay benefits because they receive a percentage of the sale as a fee for facilitating the transaction.
Therefore, all three parties benefit from the transaction.
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how much should you be prepared to pay for a 10-year bond with a 6% coupon, semiannual payments, and a semiannually compounded yield of 7.5%?
You should be prepared to pay approximately $632.29 for the 10-year bond with a 6% coupon, semiannual payments, and a semiannually compounded yield of 7.5%.
To calculate the price of a 10-year bond with a 6% coupon, semiannual payments, and a semiannually compounded yield of 7.5%, we can use the following formula:
[tex]P = (C / (1 + (r / n))^(nt)) + (FV / (1 + (r / n))^(nt))[/tex]
Where:
P = price of the bond
C = coupon payment
r = yield (in decimal form)
n = number of compounding periods per year (semiannual = 2)
t = time to maturity (in years)
FV = face value of the bond
Plugging in the values given in the problem, we get:
[tex]P = (30 / (1 + (0.075 / 2))^(210)) + (1000 / (1 + (0.075 / 2))^(210))[/tex]
[tex]P = (30 / 1.075^20) + (1000 / 1.075^20)[/tex]
P = 8.6406 + 623.6463
P = $632.29
Therefore, you should be prepared to pay approximately $632.29 for the 10-year bond with a 6% coupon, semiannual payments, and a semiannually compounded yield of 7.5%.
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how much should you be prepared to pay for a 10-year bond with a 6% coupon, semiannual payments, and a semiannually compounded yield of 7.5%?
suppose an auto manufacturer produces 20,000 vehicles this year and only sells 15,000 of them to auto dealers. under which expenditure approach category do the remaining 5,000 vehicles fall?
A car manufacturer makes 20,000 vehicles, but only sells 15,000 of them to car dealers. The remaining 5,000 automobiles fall under the investment expenditure approach category.
What factors affect investment spending?Investment expenditures are costs incurred for brand-new capital equipment. The four types of investment include new nonresidential structures, adjustments to inventory, producer's permanent equipment and software, and residential structures. Investment increases the capital stock, and the amount of capital that is accessible to a business is a key factor in determining its productivity. Investment supports economic expansion in this way. spending by the corporate sector on finished products and services, or GDP, particularly the acquisition of useful capital goods. The macroeconomic activity that affects both short-term business cycles and long-term economic growth is heavily influenced by investment spending. The entire amount spent by all businesses on capital goods is referred to as investment expenditure.
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possessing the ability to read but being unwilling to do so characterizes
The term that characterizes possessing the ability to read but being unwilling to do so is "reading aversion".
What is meant by Reading Aversion?
Reading aversion or book aversion is a condition where a person has the ability to read but avoids reading due to various reasons. This can be caused by a lack of interest in reading or a negative experience with reading. It can also be caused by other factors such as difficulty in focusing or visual issues that make reading uncomfortable.
People with reading aversion may avoid reading for pleasure or even necessary reading, such as work-related materials or school assignments. This can lead to challenges in academic or professional settings and limit their personal growth.
However, it's important to note that reading aversion is not a disorder or a sign of low intelligence. People who struggle with reading or choose not to read may have other talents and strengths that are just as valuable. It's also possible to overcome reading aversion with the help of a reading specialist, therapist, or other professionals.
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An ad for luxury bathrobes appears next to an article about how to create an at-home spa experience. Is this an example of contextual or data-based advertising?
Yes, this is an example of contextual or data-based advertising
A sort of financial accounting known as advertising costs includes all costs related to promoting a business, organisation, name, logo, good, or service. They include advertisements in broadcast and radio time, print and web advertisements, and direct mail advertisements. The price of advertising is frequently not a surprise to the business owner. In actuality, a lot of people have budgeted for advertising costs. The U.S. Small Business Administration states that the majority of companies base their marketing expenses on revenues. People are frequently presented with advertising in the form of a quick video, audio file (radio), or text message. The basic goal is to encourage them to buy something or do something else.
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on september 1, tsang company began a contract to provide services to wilson company for six months, with the total $21,600 payment to be made at the end of the six-month period. equal services are provided each month. the firm uses the account fees receivable to reflect amounts due but not yet billed. what proper adjusting entry would tsang company make on december 31, the end of the accounting period (no previous adjustment has been made)?
The adjusting entry would tsang company make on december 31, the end of the accounting period would be:
1. Fee Receivable= Debit 14,400
2. Service Fees Earned= 4/6 x 21600
Credit 14,400
Adjusting entries are journal entries that are typically made at the conclusion of an accounting period in order to properly allocate income and expenses to the time periods in which they actually occurred.
Under accrual-basis accounting, the revenue recognition principle serves as the foundation for adjusting entries related to unearned and accrued revenues. Because they are made on balance day, they are occasionally referred to as balance day adjustments.
According to the accrual accounting matching principle, revenues and related costs are recorded during the same accounting period. However, the actual money might be paid or received at a different time.
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Suppose that when the average family income rises from $30,000 per year to $40,000 per year, the average family's purchases of toilet paper rise from 100 rolls to 105 rolls per year a) Calculate the income elasticity of demand for toilet paper. (1 point) b) Based on this number, what type of good is toilet paper? How do you know? (0.5 point) c) What does the magnitude of this number tell you about the income elasticity of toilet paper? (0.5 point)
The answers for the following questions are- 1) The income elasticity of demand for toilet paper is 0.17, 2) The toilet paper is a normal good, 3) The demand for toilet paper is income-inelastic.
What Is an Elastic Thing to Changes in Income?Regardless of income, inelastic items often have the same level of demand. Even if your income increases, you'll still only need one gallon of milk or other essential necessities like gasoline each week.
What products are elastic to income?Demand increases more than proportionally to a change in income for luxury goods and services, for instance, an 8% increase in income may result in a 10% increase in demand for restaurant meals. In this case, the demand elasticity of income is 1.25.
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Mariah would like to start eating healthier by making low-sugar meals. Which
of the following word searches should she use in order to get the most
specific results?
• A. "sugar'
B. 'recipes for healthy meals-low sugar"
• c. "Iow sugar recipes"
. D. "healthy eating, especially eating low-sugar meals"
the step of the perception process where consumers interpret information based on their own attitudes, beliefs, motives, and experiences is known as
Option C. The step of the perception process where consumers interpret information/data based on their own attitudes, beliefs, motives, and experiences is known as: selective comprehension.
Perception is the organization, identification, and interpretation of sensory information/data to represent and understand presented information or environments.
All perceptions involve signals that pass through the nervous system. Signals are brought to the sensory system by physical or chemical stimuli. When looking, light hits the retina of the eye. Odor is mediated by odor molecules. Hearing includes pressure waves.
Perception is shaped not only by the passive reception of these signals, but also by the recipient's learning, memory, expectations and attention.
Sensory input is the process of transforming this low-level information into high-level information (eg shape extraction for object recognition).
The following processes connect a person's concepts and expectations (or knowledge) to recovery and selection mechanisms (such as attention) that influence cognition.
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Complete question:
The step of the perception process where consumers interpret information based on their own attitudes, beliefs, motives, and experiences is known as:
A. selective attention.
B. selective exposure.
C. selective comprehension.
D. selective retention.
E. selective conditioning.
tina, the director of hr, is disturbed at the high level of turnover at her company. from exit interviews, she suspects that certain supervisors have higher dysfunctional turnover rates among their subordinates than others. in order to verify this hunch, tina should analyze turnover by department and by
Tina has to analyze employee performance ratings and turnover by department in order to verify this branch.
The stage of job measurement known as performance rating occurs when the analyst watches the worker's performance and notes a value comparing that performance to the analyst's definition of typical performance.
Performance rating improves employee performance, finds areas for training and education, places workers in positions where they may excel, and upholds equity in compensation, benefits, advancement, hiring, and firing. Most employees are curious about their performance at work. For employees to work efficiently, they require performance feedback. The key to good performance is getting timely, accurate, constructive feedback to an employee. Goal-setting and other motivational techniques rely on frequent performance reviews. Although there are numerous potential sources of mistake when rating performance, they can both be minimised by using behaviorally anchored rating scales and rater training. Such scales are employed in industrial and organisational psychology to precisely identify the behaviours that characterise subpar, mediocre, and excellent performance.
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5. Start with the assumptions in problem 4. But now assume that the additional volume does not enable enough economies-of-scale to reduce the average cost per case as much as originally anticipated. Assume now that the average cost per case drops only to $95. What is the new required price?
The total cost would be the average cost multiplied by the quantity, or $95 * 4000 = $380,000. The new required price can be calculated by using the formula for average cost, which is total cost divided by quantity.
In this case, the average cost is $95, so we can rearrange the formula to find the required price. The formula would be:
Required price = Total cost / QuantityWe can plug in the values for total cost and quantity to find the required price. The total cost would be the average cost multiplied by the quantity, or $95 * 4000 = $380,000. The quantity is 4000 cases. So the formula would be:
Required price = $380,000 / 4000The required price would be $95 per case. This means that the company would need to charge $95 per case in order to break even with the new average cost of $95.
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before you schedule a production order, you should consider your left over inventory from last year. true or false?
Unused inventory from the previous year should be taken into account before scheduling a production order, it is true.
What does workplace inventory entail?Inventory is the merchandise or supplies that a company plans to resell to clients for a profit. Inventory management is the process of tracking inventory from producers to depots and from locations to a point of sale. It is a crucial component of the supply chain.
What do inventory skills entail?The education, training, and experiences of present employees are compiled into a skills inventory. These inventories help organizations determine whether their current workforce is capable of achieving their objectives. Strategic planning initiatives are aided by an understanding of the company's present talent pool and skill requirements in the future.
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in a command economy, what is the main driving force?
In a command economy, key elements of economic output are under the supervision and direction of the government (or another central authority).
Why does a command economy operate?Government control is the main component of a command economy. The government establishes economic goals and regulates production and pricing instead of letting market forces determine the production of products and services. The state discourages or even outlaws private gains in command economies. Instead, the primary motivation driving company decisions is meeting governmental mandates. The industries that create services and products for the general public are controlled by and subject to the authority of the government.
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Assignment 2R: Customers, Inventory, and Safety Instructions
The three ways which most company uses to create a brand promise are through its:
Product Design and InnovationUser ExperienceCustomer Service.Description of ways that the company uses to create that brand promise:One well-known company that has a strong brand promise is Apple Inc. Apple's brand promise is centered around delivering innovative, high-quality products and services that offer a seamless, intuitive, and stylish user experience. The company aims to provide its customers with products that simplify their lives and enhance their ability to connect and express themselves in new and exciting ways.
Here are three ways that Apple creates and upholds this brand promise:
Product Design and Innovation: Apple is known for its sleek and stylish product designs, as well as its innovative approach to technology. The company invests heavily in research and development to bring new and exciting products to market, such as the iPhone, iPad, and MacBook.User Experience: Apple places a strong emphasis on the user experience. All of its products are designed to be easy to use, intuitive, and seamless. The company also offers a wide range of services, such as Apple Music, the App Store, and Apple Pay, that enhance the overall user experience.Customer Service: Apple has a reputation for providing exceptional customer service. The company operates a large network of retail stores that offer hands-on support and repair services, as well as a robust online support center. Apple also offers a warranty program that covers its products for a specified period of time, giving customers peace of mind.By consistently delivering on its brand promise, Apple has built a loyal customer base and a strong reputation as a company that provides innovative and high-quality products and services.
Missing words "You learned about customers, inventory, and safety. Now, you'll apply what youlearned.1. Choose a well-known company, and describe its brand promise. Describe at leastthree ways that the company uses to create that brand promise".
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now that you've learned a little about the law, what do you think the current state of (or perception of) the law is with respect to our society? are lawyers and lawsuits bad for a prosperous economy? do they have a function to help the economy? what do you think is the biggest influence on your personal perceptions of the law? the media? internet postings blogs? discussions with friends, relatives, coworkers? opinions offered by politicians or your employer?
The perspective of the law and its function in society varies widely based on a variety of factors such as cultural and economic background, personal experiences, and political opinions.
Lawyers and litigation can have both beneficial and negative economy effects. On the one hand, litigation can serve to settle conflicts and give individuals and corporations a way to seek justice and recompense for wrongs done to them. This can serve to foster economic stability and growth by giving economic transactions a sense of security and predictability. Excessive or frivolous lawsuits, on the other hand, can generate uncertainty, raise the cost of conducting business, and discourage investment. The media, online postings, blogs, and conversations with friends, family, and coworkers can all have an impact on an individual's opinions. of the law. However, in order to build an educated and balanced opinion, it is critical to analyze the source of information and seek out other viewpoints. Opinions expressed by politicians or one's job can also be influential, but it is vital to critically assess these sources and not depend completely on them. To summarize, the condition of the law and how it is seen in society can be complicated and diverse, and it is critical to carefully analyze a variety of information sources before forming an educated view.
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douglas is a business professional in sales. he has a new product to promote that he believes will be very popular and that several companies will want to sell. to build connections with these companies and best be able to address any doubts about it, which approach should douglas take?
The First Step Douglas should take Douglas ought to attempt calling the businesses.
Which of the following statements is accurate for business professionals who frequently communicate with others via email or instant chats and delegate their own duties to them?They gain a reputation for being takers as opposed to givers.
What form of communication is most effective when a response is not required right away?When the sender wants a written record of the communication, when there is less urgency for a response, when they are geographically apart, when they do not need much reaction from the recipient, or when the message is complex and may take some time to understand, written media is a better option.
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Real GDP, unemployment, and ____ are the main statistics used by economists to assess the health of the economy.
Real GDP, unemployment, and inflation are the main statistics used by economists to assess the health of the economy.
What are the three measures of a healthy economy?
Once upon a time, the inflation rate, unemployment rate, and growth rate of the gross domestic product were the three main indicators of economic health that could be used to determine the state of the economy.
Why does inflation occur?
The rate of price growth over an extended period of time is known as inflation. The cost of living in a nation has increased, or prices have generally increased.
These are examples of broad measures of inflation. As household incomes improve as a result of more jobs and higher earnings and an increase in consumer spending, the potential for price increases by businesses to raise the cost of their goods and services increases.
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QUESTION 6/10
Revenue is:
1-1
A. The amount of money a company pays its employees.
C. The amount of taxes a company has to pay.
B. The amount of money a company makes from sales.
D. The amount of money a company has left over after paying
Bills
what do sellers do if they expect the price of a good they have for sale to increase dramatically in the near future?
When the price is raised, a sandwich shop raises the quantity of sandwiches they offer each day. If customers increase their current spending because they anticipate having more money in the future, demand rises, and D shifts right.
Expectations: If suppliers anticipate an increase in prices, they will reduce their quantity supply today and hold onto goods to resell at a higher price later. the volume of a resource, service, or item that customers are prepared and able to sell during a certain time period at a given price. • If a good's demand price increases, more of that good is supplied, all other things being equal.
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the characteristics of consumers and organizations that marketers use to divide a market into segments are known as _______.
Segmentation grounds are the traits of customers and organisations that marketers use to categorise a market into segments.
Why is segmentation useful?
You can target a client or prospect more effectively by segmenting your audience based on their particular needs and interests. You can: More precisely identify the consumer categories that are most valuable to you. You may boost the return on your marketing investment by concentrating only on the consumers who are most likely to become your top customers. By determining the goods that are most likely to win over a part of a target market and the best methods for marketing and distributing those goods to that market, market segmentation helps firms lower risk.
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preliminary plans are under way for the construction of a new stadium for a major league baseball team. city officials have questioned the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. corporations and selected individuals may buy the boxes for $280,000 each. the fixed construction cost for the upper deck area is estimated to be $4,760,000, with a variable cost of $140,000 for each box constructed. (a) what is the break-even point for the number of luxury boxes in the new stadium? x
To find the break-even point for the number of luxury boxes, we need to determine the number of boxes that need to be sold to cover the total costs.
Let x be the number of luxury boxes sold.
The total cost function can be written as:
Total Cost = Fixed Cost + Variable Cost
Fixed Cost = $4,760,000
Variable Cost = $140,000 per box
Total Cost = $4,760,000 + $140,000x
The total revenue generated from selling x boxes can be expressed as:
Total Revenue = Price per Box × Number of Boxes
Price per Box = $280,000
Total Revenue = $280,000x
The break-even point is when Total Revenue equals Total Cost:
Total Revenue = Total Cost
280,000x = 4,760,000 + 140,000x
140,000x = 4,760,000
x = 34
Therefore, the break-even point for the number of luxury boxes in the new stadium is 34 boxes. The team will need to sell at least 34 boxes to cover their total costs. If they sell more than 34 boxes, they will make a profit, and if they sell fewer than 34 boxes, they will incur a loss.
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the form of a trade agreement that builds upon the elimination of internal tariff barriers and the establishment of common external barriers is:
Customs union builds upon the elimination of internal tariff barriers, the establishment of common external barriers, and the free flow of factors.
A customs union is an agreement between two or more countries to remove trade barriers and lower or eliminate tariffs. Members of a customs union generally apply a common external tariff on imports from non-member countries. The European Union (EU) is an example of a customs union.
Customs unions are groups of countries that apply one common system of procedures, rules and tariffs for all or almost all their imports, exports and transiting goods.
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broche technologies, a brand of electronic appliances, develops a new range of refrigerators that do not release chlorofluorocarbons. the company promotes these products as the most eco-friendly refrigerators in the market. in this scenario, broche technologies is engaging in .
Broche Technologies is engaging in green marketing.
Green marketing focuses on selling products and services based on their environmental benefits. Its features include adopting sustainable business practices, creating eco-friendly products, implementing eco-friendly packaging, communicating the environmental benefits of the product, etc.
Green Marketing by Ken Peattie (1992) in the United Kingdom and Green Marketing: Challenges & Opportunities for the New Marketing Age by Jacquelyn Ottman (1993) in the United States of America.
Green Marketing encourages production of pure products by pure technology, conservation of energy, preservation of environment, minimum use of natural resources, and more use of natural foods instead of processed foods.
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breakers bay inc. has succeeded in increasing the amount of goods it sells while holding the amount of inventory on hand at a constant level. assume that both the cost per unit and the selling price per unit also remained constant. all else held constant, how will this accomplishment be reflected in the firm's financial ratios?
Breakers Sound Inc. has expanded its deals which demonstrates that the stock (stock) of it is moving fast and doesn't stay in that frame of mind for a more drawn-out period. Accordingly, Breakers Bay Inc. Increase in the inventory turnover rate. option (A) is correct.
The inventory turnover ratio demonstrates the rate at which the inventories are changed over into deals and afterward eventually into cash. This proportion demonstrates the stock approach of the worry.
A high stock turnover proportion is great according to the liquidity perspective yet a low proportion shows that the stock doesn't move quickly and stays in that frame of mind for a more drawn-out period.
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This question is not complete, Here I am attaching the complete question:
Breakers bay inc. has succeeded in increasing the amount of goods it sells while holding the amount of inventory on hand at a constant level. assume that both the cost per unit and the selling price per unit also remained constant. all else held constant, how will this accomplishment be reflected in the firm's financial ratios?
(A) Increase in the inventory turnover rate
(B) Decrease in the net working capital turnover rate
(C) Increase in the fixed asset turnover rate
(D) Decrease in the days sales inventory
(E) Decrease in the total asset turnover rate
the apple industry was used as a supply and demand example in this video. when the price per pound of apples was $3lbs., what is the amount of surplus or shortage?
1,700 lbs is the amount of surplus or shortage at the price per pound of apples was $3lbs.
Surplus is an economic concept that refers to a situation where the quantity of a good or service supplied exceeds the quantity demanded at a given price. In other words, when there is more supply than demand for a particular product, a surplus occurs. A surplus can lead to a decrease in the price of the product, as suppliers try to sell off their excess inventory. It can also result in a decrease in production, as suppliers reduce their shareholders output to avoid further losses. Surpluses can have negative effects on the economy, as they can lead to lower profits for businesses, reduced employment opportunities, and lower overall economic growth. Managing surpluses is an important part of supply chain management and economic policy, as it helps to ensure that supply and demand are balanced in a way that is beneficial for all parties involved.
the complete question is:
The apple industry was used as a supply and demand example in this video. When the price per pound of apples is $3. what is the amount of surplus or shortage?
Select one:
a. Surplus of 1,700 lbs
b. Surplus of 1,000 lbs
c. Shortage of 1,700 lbs.
d. Shortage of 4,000 lbs.
e. Zero. The market is in equilibrium at $3/lbs.
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which gainsharing plan bases incentives on the ratio between labor costs and sales value of production (svop)? question 5 options: improshare rucker plan referral plan scanlon plan
The Scanlon Plan, the Rucker Plan, Improshare, and bespoke plans are the four different categories of gainsharing schemes.
The only differences between the programmes are how the bonus is determined and how much staff engagement is needed to support the scheme. The Scanlon Plan is the most traditional and often utilised kind of gainsharing plan.Gainsharing, also known as Gain sharing, Gainshare, and Gain share, is a method of management in which a company strives to achieve greater levels of performance by involving and involving its employees. Employees benefit financially when performance rises. Straight commissions, bonuses, prizes, "spiffs," rewards, and recognition are a few examples of different incentive structures. Plans for incentive compensation must be in line with business objectives, but maintaining this alignment can be challenging.
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