The scientific notation for the diamond is five-billionths of a carat is 5 multiply by 10 to the power nine.
What does the term "company" mean?A group of people can form a legal entity called a company to run and manage a commercial or industrial business. Depending on the corporate legislation of its jurisdiction, a corporation may be set up in a variety of ways for tax and financial liability reasons.
What does "company" mean?The Latin words "com" and "panis," which mean "together" and "bread," respectively, are the roots of the English word "company." It initially explained how traders would congregate, swap tales, eat meals together, and conduct business.
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the date the auditor grants the client permission to use the audit report in connection with the financial statements is the:
The date the auditor grants the client permission to use the audit report in connection with the financial statements is the: report release date.
An auditor is a person or a firm appointed by a business enterprise to execute an audit. to behave as an auditor, a person must be certified by way of the regulatory authority of accounting and auditing or own certain distinct qualifications.
The role of the auditor or reviewer is to provide a expert and unbiased on those financial statements. The evaluation or audit of an association's financial document can make sure more duty to the members and offer an guarantee that each one price range obtained via the business enterprise have been efficaciously accounted for.
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if the physical count of the inventory revealed 153000 of merchandise on hand and the inventory records reported 160000 what would be the necessary adjusting entry to reocrd inventory shrinkage
Merchandise Inventory is credited with $7,000 while the Cost of Goods Sold is debited by $7,000.
When the perpetual inventory is utilized, the sold inventory is subtracted.According to the perpetual system, when an item of merchandise is sold, there are two transactions that are made: (1) the sale's value is debited from Accounts Receivable or Cash and credited to Sales; and (2) the item's cost is deducted from the account Cost of Goods Sold and credited to Inventory.
A trade discount is a price decrease that can be applied when a large order of goods is placed.A trade discount is a price cut that can be applied when a significant amount of merchandise is bought. Cash discounts refer to a reduction in the cost of goods featured in catalogs that is permitted for wholesalers and retailers. Both buyers and sellers must keep track of trade discounts.
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jacob co. sells merchandise on credit to isaiah co. for $9,700. the invoice is dated on may 1 with terms of 1/15, net 45. what is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount? group of answer choices
Jacob. co issued an invoice for $9,700 on May 1 with term 1/15, net 45. In order to get the discount of $97, the buyer should make payment before May 16.
Here are the meaning of the given purchasing terms:
1/15 net 45 means the buyer will be eligible for 1% discount if the payment made within 15 days, otherwise the buyer need to pay the full amount. The payment is due 45 days from the date of the invoice issued.
Data from the problem:
Invoice date: May 1
Invoice amount = $9,700
Term: 1/15, net 45
Hence,
Discount = 1% x 9,700 = 97
To be eligible for the discount, the buyer should make the payment before May 16.
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Which type of marketing channel arrangement is good for a firm to use in international marketing where the creation of marketing channel relationships is expensive and time consuming?.
When establishing marketing channel relationships is expensive and time-consuming, a company should adopt a dual distribution marketing channel setup.
Explain about the Dual distribution?
An approach to marketing channel organization where a producer simultaneously uses two methods to distribute items to end users; typically, one method involves using marketing intermediaries, while the other involves selling directly to end users.
Having dual distribution enables a business to access a broad market. The volume of sales is increased. encourages market-wide effective brand marketing initiatives. It reduces the need for capital, operational expenses, monitoring expenses, etc. for the businesses.
A classic instance would be a clothing brand producer that relies on independent retailers to sell his products in their stores in addition to selling them in his own stores. Dual distribution is not exactly a recent development.
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although many countries in the world could produce pottery, if mexico can produce it the most efficiently, then it has a(n) advantage over other countries.
Because it is getting more money through trade with other nations than it is spending, a country with a trade surplus typically has a positive balance of payments. When a nation has a trade deficit, more money leaves than enters the nation.
What is trade surplus?The difference between the monetary value of a country's exports and imports over a specific time period is known as the balance of trade, commercial balance, or net exports. A distinction between a trade balance for products and one for services is occasionally drawn.
A trade surplus is an economic indicator indicating a favorable trade balance where a nation's exports are more than its imports. A trade surplus is the polar opposite of this.
The trade surplus is beneficial since it promotes economic expansion. The surplus boosts real GDP, spurs additional production, and adds to the domestic economy's employment and income.
An item or resource that has more than is currently being used is said to have a surplus. A surplus can relate to a wide range of things, including money, goods, capital, and profits.
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if the management team wants to improve its competitive position by increasing the ability of the company to innovate, in what area should the team focus?
If the management team wants to improve its competitive advantage by increasing the ability of the company to innovate, the team should focus on tapping into new markets and working against competitors.
A competitive advantage is anything that offers a organisation an side over its competitors, helping it entice greater customers and grow its marketplace proportion. A competitive benefit can take three primary forms: price benefit–producing a product or providing a carrier at a lower cost than competitors.
In enterprise, a competitive advantage is an characteristic that allows an agency to outperform its competition.
Competitive advantage refers to factors that permit a corporation to provide items or offerings better or greater cheaply than its competitors. those elements allow the effective entity to generate extra income or advanced margins as compared to its marketplace competitors.
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which of the following forms of the efficient market hypothesis suggests that fundamental analysis and insider information may produce above-market returns? a) all of these b) weak c) strong d) semistrong
The weak form asserts that present stock prices reflect all prior market data and that, as a result, historical price patterns are useless in projecting future values.
This approach, on the other hand, believes that reliable fundamental research and insider knowledge may create above-market profits. Those who sincerely believe in the EMH feel that none of them will outperform the market; random selection is just as good as anything else. Random stroll is not one of the three options.
According to the efficient market hypothesis (EMH) or theory, share prices represent all information. According to the EMH, equities trade on exchanges at their fair market value. Proponents of EMH argue that investing in a low-cost, passive portfolio benefits investors.
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incremental cash flows refer to group of answer choices the cash flows that are foregone if a firm does not undertake a project the cash flows of a project, minus financing costs the difference between after-tax cash flows and before-tax accounting profits the new cash flows that will be generated if a project is undertaken
Based on the business and accounting concept, incremental cash flows is D. the new cash flows that will be generated if a project is undertaken.
What are the incremental cash flowsIncremental cash flow is a term that is used to describe the kind of cash inflow, or proportion of money, a new project, commodity, investment, or business activities generates or subtracts from the existing firm. Usually, the incremental cash flow can help the firms to decide whether or not a new investment or project will be profitable should they decide to venture into it.
There are several components of Incremental Cash Flow are the following: the initial investment, the operating cash flows, and the terminal cash flow.
Hence, in this case, it is concluded that the correct answer is D.
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Swifty uses the periodic inventory system. For the current month, the beginning inventory consisted of 7000 units that cost $10.00 each. During the month, the company made two purchases: 2900 units at $11.00 each and 11900 units at $11.50 each. Swifty also sold 12800 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month? (Round average cost per unit to 2 decimal places, e.g. 1.48.) $140800. $146750. $135250. $140160.
The cost of products sold for the current month is $156545, and the initial inventory was made up of 7000 items with a price tag of $10.00 each.
What is meant of inventory?All the goods, merchandise, and supplies that a company keeps on hand in expectation of selling them for a profit are referred to as inventory. Example: Only the newspaper will be considered as inventory when a newspaper vendor utilizes a vehicle to deliver newspapers to clients.
What are 3 types of inventory?Three different forms of inventory are handled by manufacturers. They are unfinished products, work-in-progress projects, or raw materials that must be worked on (which are ready for shipping).
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What is the predicted effect of bird presence on the survivorship or biomass of the plants? (hint: if this question leaves you puzzled, it may help to think about feeding time. If there were no birds, would more or less plant tissue be eaten by grasshoppers?).
The projected effect of bird presence on plant survival or biomass is B. more birds result in greater biomass.
What is the predicted effect of bird presence on the survivorship or biomass of the plants?It should be mentioned that the existence of a predator is critical in controlling the population of the prey in a predator-prey interaction.
According to the information provided, the birds are predators and the grasshoppers are prey.As a result, predators maintain control over the prey population.As a result, more birds result in more biomass.They have an indirect control over grasshopper foraging.
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Oliver borrowed $2,500 to purchase a riding lawn mower for his lawn care business. the bank offered him an interest rate of 20% for 3 months. calculate the simple interest using i = prt. $60 $125 $1,250 $1,500
The simple interest that Oliver get will be $125
Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
How to calculate simple interest?
i = p*r*t
i = simple interest
p = the money that Oliver borrowed = $2,500
r = the rate that the bank offered Oliver = 20% = 0.2/year
t = loan duration = 3 months = 1/4 year
Now let's use the formula
i = $2,500 * 0.2 * 1/4 = $125
So the simple interest that Oliver has to pay for his loan is $125.
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Answer:
It is 1,500 based on my calculation.
Explanation:
If the bank offered him an interest rate of 20% for 3 months, then 20% x 3 = 60%. 60% of 2,500 = 1,500. 1,500 is the real answer.
should the buyer default, an example of liquidated damages to the seller in a purchase contract could be
The correct answer is option (A) forfeiture of the earnest money deposit
Thus should the buyer default, an example of liquidated damages to the seller in a purchase contract could be forfeiture of the earnest money deposit.
If the buyer withdraws from the transaction under certain conditions, the earnest money deposit is forfeited. For example, if the buyer chooses to waive the purchase agreement's contingencies and then decides to cancel the purchase, the deposit is forfeited. A contingency clause in a contract specifies the conditions that must be met before purchasing a home. In another case, if the sales contract states that "time is of the essence," and the buyer fails to meet the deadline to complete the purchase, the deposit is forfeited. The most common reason for forfeiting the deposit is that the buyer changes their mind and withdraws from the sale.
The complete question is: Should the buyer default, an example of liquidated damages to the seller in a purchase contract could be
A) forfeiture of the earnest money deposit.
B) damages for the taking of private land for public use.
C) recovery of money lost as a result of the breach.
D) a court action for specific performance.
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which of the following is true?which of the following is true? multiple choice question. expenses increase assets. expenses increase stockholders' equity. capitalized costs increase long-lived assets. capitalized costs decrease stockholders' equity.
Capitalization refers to the practice of including all costs incurred to prepare an asset for use as a component of the asset. So the answer in given option is Capitalized costs decrease stockholders' equity.
How Do You Capitalize?A cost is included in the value of an asset using the accounting technique known as capitalization, and is then deducted during the asset's useful life rather than being deducted at the time the cost was incurred. Market capitalization is another term for the overall market value of a firm and is defined as the number of outstanding shares multiplied by the share price.
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determine the current yield on a corporate bond investment that has a face value of $1,000, pays 4.45 percent, and has a current price of $920
The current yield on a corporate bond investment that has a face value of $1,000, pays 4.45 percent, and has a current price of $920 is 0.1159, or 11.59%.
What is the current yield ?The current yield on a corporate bond investment that has a face value of $1,000, pays 4.45 percent, and has a current price of $920 is
1.Annual interest amount =
Face value x Interest rate
($1,000 x 0.11)
=$110
2. yield calculated as follows: Current price / Annual interest rate
$110 / $949 =0.1159, or 11.59%.
The current yield is 0.1159, or 11.59%.
By dividing the annual coupon payment by the bond's current market value, the current yield of a bond is determined. The interest rate a bond pays, calculated as a proportion of its market price, is known as a current yield.
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Meagan invested $1,200 each year in an ira for 12 years in an account that earned 5% compounded annually. At the end of 12 years, she stopped making payments to the account, but continued to invest her accumulated amount at 5% compounded annually for the next 11 years.
PMT = 1200, t = 12, r = 5%, n = 1 = annual compounding
FV = Future value of the ordinary annuity
FV = A = PMT*((1+r/n)^nt - 1) / (r/n)
FV = A = 1200*((1+0.05/1)^(1*12) - 1) / (0.05/1)
FV = A = 1200*((1+0.05)^12 - 1) / 0.05
FV = A = 1200*15.9171265
FV = A = 19100.55
Answer : a : 19100.55
Value after next 11 years
P = 19100.55, t = 11, r = 5%, n = 1 = annual compounding
A = P*(1+r/n)^nt
A = 19100.55*(1+0.05/1)^(1*11)
A = 19100.55*(1+0.05)^11
A = 19100.55*1.71033936
A = 32668.42
Answer : b : 32668.42
Interest earned = Value at the end of 23 years - Initial investment
Interest earned = 32668.42 - (1200 x 12) = 18268.42
Answer : c : 18268.42
investment is the dedication of cash to buy of an asset to obtain an boom in cost over a period of time. investment calls for a sacrifice of some present asset, which includes time, cash, or effort. In finance, the motive of investing is to generate a go back from the invested asset. The go back can also consist of a advantage (profit) or a loss found out from the sale of a belongings or an investment, unrealized capital appreciation (or depreciation), or funding earnings together with dividends, hobby, or condominium earnings, or a mixture of capital gain and earnings. The go back may encompass forex profits or losses due to adjustments within the foreign forex rates.
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the dodd-frank wall street reform and consumer protection act was created after the subprime lending fiasco to protect consumers from deceptive practices related to
The dodd-frank wall street reform and Consumer Protection Act was created after the Subprime lending fiasco to protect consumers from deceptive practices related to financial derivatives.
Financial derivatives are contracts that derive their value from an underlying entity such as currencies, interest rates, assets, or credit default swaps. Financial derivatives are contracts used for various purposes such as hedging, risk management, or speculation.
It enables one party to trade financial entities like currency, interest rates, or equity to the other party who is willing to manage these financial risks. The financial derivative contract strictly mentions the terms and conditions for both parties if a change occurs in the value of the financial entity in the future.
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you take a trip to dhaka, bangladesh. your hotel room costs 12,000 bangladeshi taka per night, and the nominal exchange rate is 85 taka per u.s. dollar. how much does your hotel room cost in u.s. dollars?
$141 will cost a hotel room in U.S dollar.
Bangladesh Exchange Rate versus USD data is provided monthly from May 1970 to October 2022. The statistics set a new high of 103.650 in October 2022 and a new low of 7.338 in March 1972.
The US currency is gaining as a result of the Fed's aggressive monetary policy reaction to surging inflation. At the November FOMC meeting, it raised the federal funds rate from near zero at the start of 2022 to a range of 3.75% to 4%.
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which of the following choices reduces the basis of an asset? (check all that apply.) multiple select question. depreciation allowed, but not deducted, on the asset depreciation actually deducted on the asset maintenance costs related to the asset ordinary repairs related to the asset
The choice that reduces the basis of an asset is depreciation actually deducted on the asset.
What is the basis of an asset?The basis of an asset refers to the value of the asset for taxation purposes. This value is the amount that is put as the asset value in the Balance sheet of the company and is therefore used for financial related issues.
For the basis of an asset to be reduced , one thing that needs to happen is for depreciation to be deducted from the asset's value. This is because depreciation reduces how much an asset is valued at.
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what is a likely direct result in bank behavior after the fed lowers required reserve rate? group of answer choices issue more loans raise interest rates sell off government bonds no answer text provided.
The likely direct result of the Fed lowering the required reserve in bank behavior, is more loans.
What is the required reserve?The required reserve is an amount that the Federal Reserve ( and other central bank systems around the world ) require that a bank keep and not loan out to people. It is given as a percentage of the total resevres that a bank has from the different deposits made into the bank. The purpose of this required reserve is to make sure that the bank has enough money to meet the monetary demands of customers.
If the Federal reserve was to lower the required reserve rate for banks, then it means that banks would have more money to be able to loan out to people. A direct result of this lowering of the reserves therefore, is that banks would create more loans.
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an agent has indicated to a potential client that the proposed life insurance policy is covered by the virginia life, accident, and sickness insurance guaranty association. this action taken by the agent is
A representative informed a prospective customer that Virginia Life, Accident, and Sickness Insurance Guaranty Association covers the requested life insurance coverage. The insurer is represented by the activity the agent takes.
The beneficiaries of insurance policies issued by insurance companies that have gone bankrupt and are no longer able to fulfill their commitments are protected by insurance guaranty groups.
In the case of an insurance company's deterioration or insolvency, an insurance guaranty group defends policyholders and claimants. The state insurance commissioner grants authority to insurance guaranty associations.
In order to safeguard inhabitants of a state who are policyholders and beneficiaries of policies issued by a life insurance or health insurance firm that has gone out of business, life and health insurance guaranty organizations were established.
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the jets company recorded a deferred tax liability of $18,750 on december 31 of year 1, due to the book value of equipment exceeding the tax basis of equipment by $75,000. the difference will reverse equally over the next three years. in late year 1, the enacted tax rate increased to 42.5% beginning in year 3. a. determine the income tax rate that is the enacted rate for year 1. income tax rate for year 1: answer 25 % b. what journal entry should the jets record to adjust the deferred tax liability, if any, on december 31 of year 1?
The time period deferred tax, in essence, refers to the tax which shall both be paid or has already been settled due to transient inconsistency between an organisation's earnings assertion and tax statement.
As per this definition, there are two sorts of deferred tax-deferred tax asset and deferred tax liability.
How is deferred tax liability calculated?Deferred tax liability is calculated by way of discovering the difference between the company's taxable profits and its account earnings earlier than taxes, then multiplying that by using its predicted tax rate.
How do you write off deferred tax assets?For everlasting distinction it is no longer created as they are no longer going to be reversed. The book entries of deferred tax is very simple. We have to create Deferred Tax liability A/c or Deferred Tax Asset A/c by debiting or crediting Profit & Loss A/c respectively. The Deferred Tax is created at normal tax rate.
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A new company wants to offer a line queuing service where customers book someone to wait in line on their behalf through a smart phone app. What concept is represented by the possibility that no one wants to pay someone else to wait in line?.
A waiting line system or queuing service is provided by the company where customers can book someone to wait in line on their behalf via the app eradicating the possibility of misguiding and waste of time.
The concept of a waiting line system is a way of queue management for the company in order to save cost and time for them and their customers. Traditionally, customers have to consume their two-three hours in queue for the work in Bank or for movie tickets which causes trouble. Therefore, waiting for a line system or providing queuing service through mobile phone is considered a fixed number of customers coming to the counter, No 'joining the queue' if you have already booked delivery value and efficiency.
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explain why the equilibrium price paid by consumers after tax did inot increase by the full amount of the tax per unit
The price at which consumer demand and producer supply are balanced and remain stable is known as the equilibrium price. Sales taxes drive up the cost of items, which lowers the equilibrium price.
The tax has the effect of shifting the quantity toward a position where the difference between the before-tax demand and the before-tax supply equals the tax. A tax raises a buyer's price by more than the tax itself. Similar to that, the price the seller receives decreases, but only slightly.
The supply curve shifts up as a result of the tax amount. As a result, the market equilibrium would be negatively impacted, meaning that the price of the market equilibrium would increase.
Taxes have a minimal impact on the equilibrium quantity. In this scenario, the sellers bear the tax burden.
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maria has decided to send a letter to her state representative regarding the ten industrial plants in her community that release toxic emissions into the air which could create health problems in the future for families living in the area. what phenomenon is maria concerned with? multiple choice question. the sullivan principles facilitating payments noblesse oblige tragedy of the commons
Maria involved with tragedy of the commons phenomenon.
The required details for tragedy of the commons in given paragraph
In economics, the tragedy of the commons is a scenario wherein man or woman users, who've open get right of entry to to a useful resource unhampered with the aid of using shared social systems or formal guidelines that govern get right of entry to and use, act independently in step with their personal self-interest and, opposite to the not precise of all users, reason depletion of the useful resource via their uncoordinated action. The idea originated in an essay written in 1833 with the aid of using the British economist William Forster Lloyd, who used a hypothetical instance of the results of unregulated grazing on not land in Great Britain and Ireland. The idea have become broadly referred to as the "tragedy of the commons" over a century later after a piece of writing written with the aid of using Garrett Hardin in 1968. Faced with proof of ancient and present commons, Hardin later retracted his authentic thesis, mentioning that the name must have been "The Tragedy of the Unmanaged Commons".
Although taken as a hypothetical instance with the aid of using Lloyd, the ancient death of the commons of Britain and Europe resulted now no longer from misuse of long-held rights of utilization with the aid of using the commoners, however from the commons' owners enclosing and appropriating the land, abrogating the commoners' rights.
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managers of cost centers are expected to . multiple choice question. increase departmental sales minimize costs, while providing an acceptable level of service maximize sales, while also minimizing the costs associated with those sales manage the return on investment in operating assets
Managers of cost centers are expected to minimize costs, while providing an acceptable level of service.
What are cost center managers expected to do?The main purpose of a business is to make profit for its owners and shareholders. It can only do this if it is making profit, and to make profit, it needs to incur less costs.
For a company to incur less costs, then the cost center managers are expected to minimize their costs. However, they are still expected to maintain an acceptable level of service on that reduced cost budget.
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nternational finance works through many mechanisms. sometimes a corporation from one state will build a factory in another state, which is an example of
This is an example of foreign direct investment.
What is foreign direct investment?A foreign direct investment (FDI) is an investment made by a company based in another nation that takes a controlling interest in a company in another country. Because of the idea of direct control, it can be separated from a foreign portfolio investment. The origin of the investment has no bearing on whether it qualifies as an FDI; the investment may be made "inorganically" by purchasing a business in the target nation or "organically" by growing an already established company there. Foreign direct investment broadly refers to "mergers and acquisitions, the construction of new facilities, the reinvestment of profits from overseas businesses, and intra-company loans."
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berner inc. internally develops a patent, which has an estimated value of $25 million. related legal, design and registration fees were $155,000. the amount reported on berner's balance sheet should be:
Berner inc. internally develops a patent, which has an estimated value of $25 million. related legal, design and registration fees were $155,000. the amount reported on berner's balance sheet should be: $155,000.
A balance sheet is a precis of the monetary balances of an man or woman or company, whether or not it's a sole proprietorship, a commercial enterprise partnership, a corporation, private limited enterprise or other agency along with authorities or no longer-for-profit entity.
A stability sheet is a financial statement that consists of information of a organization's assets or liabilities at a specific factor in time. it's miles one of the three center monetary statements (profits declaration and coins waft declaration being the alternative ) used for evaluating the performance of a enterprise.
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a 10 percent decrease in the price of potato chips leads to a 30 percent increase in the quantity of soda demanded. it appears that:
The cross-price elasticity of demand for soda appeared to be 3.
The cross elasticity of demand or cross-price elasticity of demand measures the allotment change of the capacity required for a good to the allotment change in the price of another good, ceteris paribus.
A 10% price decrease has been made for soda.
Additionally, there has been a 30% increase in supply.
Considering the information provided above, the cross-price elasticity of demand should be
= 30% ÷ 10%
= 3
Therefore, we can draw the conclusion that the cross-price elasticity of the demand for soda appeared to be 3.
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efforts to regulate the monopolizing practices of railroad corporations first came in the form of action by a. congress. b. the supreme court. c. private lawsuits. d. president cleveland. e. state legislatures.
Efforts to regulate the monopolizing practices of railroad corporations first came in the form of action by state legislatures.
What was the United States government's initial significant effort to control business?The Interstate Commerce Act, established by Congress in 1887, made the railroads the first sector subject to government supervision. The statute was enacted by Congress in significant part in reaction to decades of popular clamor for regulation of railroad operations.
What federal regulatory body was the first one created to serve the public interest?The Act established the Interstate Commerce Commission (ICC), a federal regulatory body, with the responsibility of overseeing railroads to make sure they adhered to the new laws. After the Act was passed, the railroad sector became the first to be governed by a regulatory body at the federal level.
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in which class does the family income just cover basic living expenses and perhaps a summer vacation
Lower middle class families have incomes that only cover the necessities of living and perhaps a summer vacation.
Lower middle class: What is it?The lower-middle class is a subset of the middle class in industrialized countries throughout the world and refers to households and people who have some education and are typically in stable employment but who do not have the education, occupational prestige, or wealth of the upper-middle class.
What distinguishes the lower middle class from the middle class?Managers, small-business owners, teachers, and secretaries are examples of members of the lower middle class who frequently have lower earnings and less education. Many highly educated commercial and professional professionals with high earnings, including CEOs, lawyers, stockbrokers, and doctors, make up the upper middle class.
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