In the sharing economy, instead of buying or renting in the usual ways, we share goods and services at low cost and free of charge.
Supply and demand are the foundation of the free market, which has little to no governmental intervention. It is a concise description of every voluntary exchange that occurs in a specific economic setting. Free markets are a spontaneous and decentralized series of arrangements by which people make economic decisions. Depending on its political and legal system, a nation's free market economy may be of varying size or altogether outlawed. Laissez-faire capitalism is sometimes referred to as the "free market." The "free market" is typically used to refer to an economy with unrestricted competition and exclusively private exchanges between buyers and sellers. Any voluntary economic activity should be included in a broader definition, provided that it is not governed by coercive central authorities.
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Madame defarge's profit per meal is equal to what would you expect to see happen in this business?
We would expect to see the entry of different firms in this business of Madame Defarge's meal business.
Firms enter into a business when it shows a positive economic outcome, and firms exit business when it shows a negative economic outcome.
Economic outcome refers to the amount of revenue or profit that can be generated from the business. Madame Defarge's meal business is showing a positive economic outcome as it is showing revenue of high profit over a short period.
Thus, we will be expecting an inflow of firms into this meal business. This inflow of firms can turn the business into a monopolistic market where different firms and brands sell almost similar substitutes for the same product.
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The entire question is given below:
Madame Defarge's profit per meal is equal to $4,2934,293. What would you expect to see happen in this business?
The post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts are permanent accounts. True or false?.
The post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts are permanent accounts. so the correct answer is False.
What is a permanent accounts?
Permanent accounts are ones that consistently have a positive balance throughout time. The asset, liability, and equity accounts—all of which are combined into the balance sheet—are regarded as permanent accounts. The asset, liability, and net asset accounts are what constitute a nonprofit entity's permanent accounts. Auditors pay close attention to permanent accounts because they may include transactions that should be attributed to revenue or cost and removed from the balance sheet. There need not always be money in a permanent account. A permanent account may have a zero balance if no transactions are ever noted involving it, the balance has been wiped out, or both.
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Marketers plan where they need to go and how to get there efficiently in order to.
Realize fulfilling connections. Marketing professionals take steps to achieve their ultimate goal of fostering satisfying connections between producers and customers by deciding on a goal, outlining their strategies, and assessing their success.
A customer is any person or organization that makes a purchase from another business. Businesses need their customers because they bring in money; without them, they couldn't survive. A customer who uses a company's products or services is referred to as a customer, whereas a client is a particular kind of customer who pays for professional services from a business. Clients typically purchase recommendations and fixes, whereas customers typically buy products. A customer is a person who makes a purchase from a store, restaurant, or other retailer.
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If producer a and producer b are the only producers in the market, then the market quantity supplied when the price is $2 is:________
If producer a and producer b are the only producers in the market, then the market quantity supplied when the price is $2 is 18 units.
A marketplace is a composition of systems, establishments, tactics, social members of the family or infrastructures wherein parties have interaction in change. even as parties may additionally alternate items and services by means of barter, maximum markets depend on dealers providing their items or offerings to customers in exchange for cash.
Market shape refers to how distinctive industries are labeled and differentiated primarily based on their degree and nature of opposition for offerings and items. The four popular styles of market systems encompass ideal opposition, oligopoly marketplace, monopoly marketplace, and monopolistic opposition.
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A large retailer reported (in millions) net income before taxes of $2,102 in 2018; $2,290 in 2019; and $2,390 in 2020. from 2018 to 2020, by what percentage did its net income before taxes change?
Change in tax = 2390 - 2102
= 288
Percentage change = 288/2102*100
= 13.70
What is tax?A sum of money that a government mandates citizens pay in relation to their income, the value of their property, etc. and is used to fund the government's activities.
A tax is a mandatory fee or financial charge that any government imposes on a person or a business in order to raise money for public projects that fund the best facilities and infrastructure. Different public expenditure programmes are then funded with the money raised.
Examples include general and targeted sales taxes, value-added taxes (VAT), taxes on any aspect of production or manufacturing, taxes on legal transactions, and customs or import duties. A sizable portion of consumer spending is subject to general sales taxes.
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What reason(s) account for a firm's decision to use acquisition strategies as a means to achieve strategic competitiveness?
Increased market power account for a firm's decision to use acquisition strategies as a means to achieve strategic competitiveness.
Why do firms engage in acquisition strategy?Strategic reasons are most commonly seen for M&A deals and they are often understood to view the deals with a minimizing competition in market place.
Acquisition can help the market to increase their share for their company easily.
By mergers, the firms can quickly grow bigger and can enjoy the monopoly benefits which exerts power on competitors.
Growth through acquisitions can be really helpful in adding the competitive edge at the marketplace. The competition can be challenging yet this can help achieve market synergies.
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The post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts are permanent accounts. True or false?.
False, the post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts all have zero balances after closing entries.
A post-closing trial balance is created after the closing entries are made and posted to the general ledger. This is the third (and final) trial balance prepared in the accounting cycle.
All of these types of balance sheets have basically the same purpose (i.e., to test the balance between debits and credits). These 3 types of balance sheets are prepared at different stages in the accounting cycle.
1. Unadjusted trial balance
Balance sheet prepared after journalizing transactions and posting them to the general ledger. The aim is to test the equality between debits and credits after the recording stage.
2. Adjusted trial balance
It is a report that is prepared after adjusting journal entries are made and posted. Its purpose is to test for equivalence between debits and credits after adjusting entries have been prepared. It also forms the basis for the preparation of financial statements.
The adjusted trial balance contains nominal and real accounts. Nominal accounts are accounts found on the income statement, and withdrawals. Real accounts are those found on the balance sheet.
3. post-closing trial balance
This report is prepared after the closing entries are made. Its purpose is to test for equivalence between debits and credits after closing entries are prepared and posted. The post-closing trial balance contains only real accounts as all nominal accounts have been closed at this stage.
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Streamsong credit bank is offering 6.1 percent compounded daily on its savings accounts. assume that you deposit $5,800 today. how much will you have in the account in 5 years?
As per time value of money,
Future value = Present value x (1 + Periodic rate)^Number of periods
Present value = $5,800.00
Periodic rate = 6.1% / 365
Number of periods = 365 x 5 = 1,825 days
Therefore,
Future value = Value in the account after 5 years
= 5800 x (1 + 0.061 / 365)^1825
= $7,868.22
In 5 years, $7,868.22 will be in account.
According to the time value of money hypothesis, the value of money declines over time. Therefore, it is preferable if a specific amount of money is received as soon as feasible. The formula for calculating the time value of money takes into account the current value, the potential future worth, the potential earnings, and the time period. The number of compounding periods for savings accounts also plays a significant role. This is a foundational idea in finance. A sum of money in your possession is worth more than a similar sum that will be paid in the future.
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You are a member of a cross-functional team charged with developing a new go-to-market strategy. you have been asked to write a status report. what should it focus on?
I should it focus on given a creative boost and improved problem-solving by assembling people with a variety of experiences, talents, and backgrounds.
Why are cross-functional teams required?
The distinctive combination of abilities and skills that each team member brings to the table benefits cross-functional teams. It's crucial to have the appropriate team members on board as a project manager.
When teams are used to working individually, effective collaboration among cross-functional teams can resemble herding cats. The team members must be able to understand how opening up channels across teams will not only increase results but also enable them to perform their tasks more effectively for collaborative communication to succeed.
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Over the last two years, an american clothing manufacturer has partnered with a manufacturer in china to make clothes at a cheaper cost. How is this beneficial to both countries?.
When two countries trade in manufacturing clothes at cheaper cost, consumers in both countries benefit by being able to buy a greater variety of goods at lower prices benefited the manufacturer.
A company that produces clothing in collaboration with fashion designers is known as a clothing manufacturer. In order to translate concepts into real clothing items for the market, clothes manufacturers are responsible for carefully reading designers' demands. Retail is the industry that deals in acquiring low labour cost clothing from manufacturers and selling it to consumers. The final result and specifications for manufacturing low cost clothes, such as designs, clothing styles, MOQ, sustainability, accessibility to machinery, availability of trained labour, affordable labour, and infrastructure, are key factors in selecting the best nation. With 21% of brand preference, China is the nation of choice of cloth manufacturer. While lead time, quality, infrastructure, equipment, and the amount of qualified employees are more important than reduced labour costs when choosing a manufacturer, low labour costs are still an important consideration.
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The first mall in mumbai, india was successful. Builders proceeded to construct three more right away. However, they have more than 50% vacancies because they lack customers. The builders failed to properly account for which challenge of operating in developing countries?.
Development fails to properly explain which of the challenges operating in developing countries is the lack of wealth of potential consumers.
Industry is the business of processing raw goods, semi-finished goods into goods that have added value. The purpose of industrial activity is to make a profit for the producer. Finished goods are industrial goods that are ready to be used as a means of production.
There are three types of industries as follows:
Extractive IndustryNon-extractive IndustryNon-extractive IndustryThe industrial development objectives are as follows:
Utilizing natural resources, or the results of cultivation owned by a country.Improving people's welfareIncrease the country's economic growth for the better.Encourage the development of existing technology.Increase the role of the community in industrial development.Open and expand job opportunitiesIncrease foreign exchange through exportsYou can learn more about Industry here brainly.com/question/7721379
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Summarize how the project management knowledge areas can be applied to building the giza pyramid project.
The Giza Pyramid challenge case observe has hardly ever been associated with undertaking management and this is what makes this course so unique.
Extra often this mission case have a look at is related to other disciplines like engineering and architecture this direction highlights the significance of venture management which has been frequently disregarded and undervalued.
Despite the fact that, the basic concepts of venture management have been widely implemented to this task and with out them, the venture could no longer were possible. As a learner, this direction will assist you to take on the role of a task manager and bring to life some of the most super early mega-initiatives of all time. As a venture supervisor, you will consider the human side of the project and the importance of company, teamwork, blessings healthy opposition, and developing a advantageous paintings environment.
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What is the first step in changing a health-related behavior? making a personal contract obtaining knowledge and information realizing that you can change it setting specific goals
The first step in changing a health-related behavior is Pre-contemplation.
What is Pre-contemplation?The Precontemplation Stage, which is the initial stage of transformation in the Transtheoretical Model, is a person's period of denial regarding their drug and alcohol usage during their therapy.Regardless of the likely or conceivable negative effects of use, the person does not view their use as problematic and does not find a cause to alter their conduct. Prochaska and DiClemente created the Transtheoretical Model, commonly known as the Stages of Change Model, in the late 1970s. This approach, which emphasizes human decision-making, is a model of deliberate transformation. The Transtheoretical Model operates under the presumption that people do not make abrupt and significant behavioral changes. Instead, a cyclical process results in continuous behavior change, especially in the case of habitual behavior.To learn more about Pre-contemplation, refer to:
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When gina meets with the vendor from the creative firm, she is assuming the role of?
she is assuming the role of Liaison.
what is the role of management?
Planning, organizing, staffing, leading/directing, controlling/monitoring, and motivation are just a few of the tasks that management performs. These activities give management the tools they need to plan operations, gather resources, and track results.Management positions are crucial to the operation of any business. The responsibilities of a manager in an organization range from small-scale team management to the broad responsibilities of a CEO. It's crucial to comprehend the role of managers, regardless of whether you're a seasoned manager looking to take on more responsibility or a management novice. In this article, we'll look at what a manager does, where they fit in a company, and what skills they'll need to succeed.
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How would the following transaction affect the accounting equation? perform services for a customer who had paid in a previous accounting period.
Assets decrease (cash decreases) and Equity decreases (expenses, salaries expenses in this case, causing retained earnings to decrease)
A cash account is an asset. Equity among stockholders rises due to revenue. This results in an equal rise on both the left and right sides of the accounting equation, maintaining its balance. The relationship between the three items on a balance sheet—assets, liabilities, and equity—is depicted by the accounting equation. When everything else is equal, a company's equity will rise along with its assets, and vice versa. Payment in cash. The cash (asset) account declines when an expense is recorded concurrently with cash payment, while the expense's cost decreases the retained earnings account. As a result, the balance sheet's asset and equity columns both saw reductions that were neutralized.
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Please help with Income Statement
Answer:An income statement is a financial statement that shows you the company's income and expenditures. It also shows whether a company is making profit or loss for a given period. The income statement, along with balance sheet and cash flow statement, helps you understand the financial health of your business.
Explanation:
Your friend tammy just got a part-time job so she can afford to attend a school trip abroad later this school year. Tammy gets a paycheck on the 1st of every month, and a cash payment is due to the international club advisor by the 3rd of every month with no exceptions. More than one late payment results in being removed from the trip. What recommendation do you have for tammy?.
The recommendation for Tammy should be 'sign up for direct deposit with her employer so that the money is already in her account the morning of the 1st'.
In the field of business, direct deposit is the most reliable method for getting money electronically into your account without any troubles such as the passing of checks, etc. By direct deposit, money is transferred to the bank account within no time.
If Tammy uses the direct deposit method, then her money will directly be sent to her account on the 1st without any delay. Hence, she would have two days to submit money to the international club advisor. This will be the most reliable method for her.
By using the direct deposit method, Tammy will not have to take out her time to go to banks and waste time on getting her paychecks approved.
Although a part of your question is missing, you might be referring to this question:
Your friend tammy just got a part-time job so she can afford to attend a school trip abroad later this school year. Tammy gets a paycheck on the 1st of every month, and a cash payment is due to the international club advisor by the 3rd of every month with no exceptions. More than one late payment results in being removed from the trip. What recommendation do you have for tammy?
a. Sign up for direct deposit with her employer so that the money is already in her account the morning of the 1st
b. Use her 15-minute break during work on the 1st of each month to run to the check cashing business; hopefully she doesn't get delayed by long lines and return to work late, which will anger her boss
c. Deposit the check through her mobile app on the 1st of the month and do a cash withdrawal from the ATM each month on the 2nd; hopefully the check clears in time to avoid fees
d. Sign up for overdraft protection, withdraw the money from an ATM regardless of whether the funds are there in time, and just pay the $35 overdraft fee
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being able to buy goods online make it more likely or less likely to specialize?
The likelihood of specializing in e-commerce depends on whether one can purchase products online.
E-commerce: what is it?Electronic commerce, or e-commerce, refers to the purchasing and selling of goods and services as well as the sending of money or data over an electronic network, most commonly the internet. These commercial exchanges take place either in a business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business (C2B) setting.
There is a lot of overlap between the phrases e-business and e-commerce. The transactional procedures that go into conducting an online retail transaction are also referred to as "e-tail" at times. Internet technology underlies e-commerce. Utilizing their own devices, customers can browse an online store's inventory and place orders for goods or services.
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Suppose each employee in the company receives a $3,000 raise for next year (each employee's salary is increased by $3,000). the standard deviation of the salaries for the employees will?
Consider a scenario in which the company gives each employee a $3000 salary increase for the upcoming year. The average wage for company employees will rise by $3,000 as a result.
What is salary?A salary is a type of recurring payment made by an employer to an employee and may be outlined in an employment contract. It is in contrast to piece wages, where each job, hour, or other unit is paid separately rather than on a regular schedule.
A salary is the amount of money that an employee receives from their employer each month, particularly if they work in a profession like teaching, law, or medicine. The lawyer received a sizable salary. The government has decided to raise the pay for all civil servants. Synonyms: pay, income, wage, fee Additional words for salary.
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If an operation adds value to the original cost of resource inputs, nonprofit organizations __________ and business organizations
If an operation adds value to the original cost of resource inputs, nonprofit organizations add wealth to society and business organizations.
The non-profit organizations also called the NGOs are the organizations that work for the welfare of the society. These are generally aided by the governments and also by wealth members to help the people in need. The profits earned by these non-profit organizations are not taxable and are reused again for the welfare of the society.
These organizations work for the people in need like victims of abuse, victims of natural disaster, child welfare, development of children, people with disabilities etc. The help in uplifting the society by helping those who really deserve the help.
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If+the+maintenance+margin+is+25%,+how+low+can+intel's+price+fall+before+you+get+a+margin+call?
Intel's price fall $13.33 or lower before we get a margin call.
Upkeep margin is the minimal fairness an investor needs to keep inside the margin account after the acquisition has been made; it's far currently set at 25% of the overall fee of the securities in a margin account as in line with the economic enterprise Regulatory Authority requirements.
The economic enterprise Regulatory Authority sets the maintenance margin at 25% of the total cost of securities that a trader holds in their margin account. precise brokerage firms additionally hold their very own requirements.
The value of the 500 shares is 500P. Equity is (500P - $5,000). You will receive a margin call when:
(500P-$5000)/500P
= 0.25 --> when P = $13.33 or lower.
Disclaimer:- The proper question is:-
Q. If the maintenance margin is 25%, how low can intel's price fall before you get a margin call?
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When would auditors increase the amount of detailed audit procedures used to test the year-end account balances and transactions from throughout the year?
When would auditors expand the number of intricate audit techniques used to examine the year-end account balances and transactions from throughout the year when the risk of detection is minimal
How Do Transactions Work?
A transaction is an agreement between a buyer and a seller to exchange goods, services, or financial assets in exchange for money that has been carried out. This adage is widely used in corporate accounting. This simple definition can be difficult to apply in business bookkeeping. Depending on whether a corporation employs accrual accounting or cash accounting, a transaction may be recorded by it sooner or later.
A buyer and seller's sales transaction is usually rather simple. In return for a good or service, person A pays person B. When the terms are accepted, the exchange of money for the good or service and the completion of the transaction take place.
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If+a+stock's+p/e+ratio+is+13.5+at+a+time+when+earnings+are+$3+per+year+and+the+dividend+payout+ratio+is+40%,+what+is+the+stock's+current+price?
The stock's current price is 40.5$.
Given here the PE ratio of the company is 13.5 and the earnings per share (EPS) is 3$
So we can calculate the stock price by, the formula
Stock price = PE× EPS
13.5×3 = 40.5$
Thus, the price of the stock is found to be 40.5 $.
Earnings per share (EPS) is calculated by dividing a company’s net profit by the total number of outstanding common shares. EPS, a popular statistic for determining corporate value, shows how much money a firm produces for each share of its stock.
"Stock market" describes a number of marketplaces where shares of publicly traded firms can be purchased and sold. Buyers and sellers can trade equity shares of public firms in stock exchanges.
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Which technique helps virtual teams remain energized while working toward their goals?
Making time for socializing is the technique helps virtual teams remain energized while working toward their goals.
What do you understand by virtual team?
A virtual team is a group of workers who communicate and work together. It can be a high hurdle to communicate clear, as people tend to bond in person. But, there are virtual project management techniques that can help. One of the technique is making time for socializing. It helps to know each other better which inurn improves communication. The goal is achieved in no time and it is also good for the personal development.
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When the cost of excess inventory or stockouts is low, you can probably use a ____________ forecasting method.
When the cost of excess inventory or stockouts is low, you can probably use a Simple forecasting method.
Simple forecasting method can be used when excess inventory cost is low.
TRUE, even the best forecasts can sometimes be wrong.
What is Simple forecasting method?
We may now offer a number of straightforward forecasting techniques that can be utilised in practise, at the very least as benchmarks, given we are aware that time series may have several components and that there are ways for their decomposition. Their use is consistent with the notion of forecasting principles covered in Section 1.2. We explore the most often used techniques for the aforementioned time series types:
Simple Exponential Smoothing (Section 3.4), Simple Moving Average (Subsection 3.3.3), Global Average (Subsection 3.3.2), and Nave (Subsection 3.3.1) are examples of level time series. Random walk with drift and global trend are examples of trend time series. Seasonal Nave is an example of a time series (Subsection 3.3.6).
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The initial population of a town is 4300, and it grows with a doubling time of 10 years. what will the population be in 8 years?
The population in 8 years will be 6,442.
Calculating,
P(t) = P0 (2)[tex]^{\frac{2}{10}}[/tex]
t = years
P0 = initial population (at t = 0 years)
P(t) = 4300 x (2)[tex]^{\frac{t}{10}}[/tex]
P(8) = 3700 x (2)[tex]^{\frac{8}{10}}[/tex]= 6442
The population of a place is the total number of people or animals living there. A population is the entire set of people in a group, whether that group is a country or a collection of people who share a certain trait. A population is the group of people from which a statistical sample is taken in statistics. The population is one of the key elements that balance the environment; it should be in harmony with available resources and means. The number of individuals typically residing in a given area on January 1 of a given year is referred to as the population of that area. The most recent population census can be used as a source (a census is when the population is counted).
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Price discrimination that is not justified by differences in costs, such as production costs or transportation costs, is prohibited by the:______.
Price discrimination that is not justified by differences in costs, such as production costs or transportation costs, is prohibited by the Robinson–Patman Act of 1936. Thus, option C is correct.
What is the Price?Price can be defined as the amount of money that is being given or required as a payment to a good or service.
Robinson–Patman Act of 1936 prevents large franchise corporations from discriminating in price, promotional benefits, and marketing, so preventing smaller firms from ever being squeezed out of the market.
Therefore, option C is the correct option.
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The question is incomplete, the complete question will be:
Simpson Mazzo AG
Shen Antitrust Act
Robinson–Patman Act
Federal Trade Commnsion Act
Which stage of the marketing research process should walmart marketers complete next?
The stage of the market research process which should Walmart marketers complete next------Specifying the sampling procedures
What does one mean by marketing research process?
The market research process focuses on collecting insights from your target audience, like their opinions and attitudes that would help you evaluate current products, services, or test concepts aimed toward improving them. It also can gauge customer perceptions about your company.
What are marketing processes?
A marketing process is: “A series of steps that allow organizations to spot customer problems, analyze market opportunities, and make marketing materials to reach the desired audience.”
Why is marketing process important?
Marketing process is extremely important to understand needs, wants and demands of consumers . Then, strategy are going to be designed to match with the demand of different groups of customers.
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2. What do you think Alana's goals should be?
I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.
What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good educationLearn more about money here:
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The __________ specifies which end product is to be made, how many are required, and when they need to be completed.
The aggregate production plan specifies which end product is to be made, how many are required, and when they need to be completed.
Manufacturing is the process of mixing numerous material inputs and immaterial inputs in order to make something for intake. it's far the act of creating an output, an amazing or service which has cost and contributes to the application of people.
Production is the method of turning raw substances or inputs into finished items or merchandise in a manufacturing system. In different phrases, it means the creation of something from basic inputs.
Being made. subsequent 12 months's car models are already in manufacturing. The sequel to the movie is in manufacturing.
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