Products related in such a way that an increase in the price of one reduces the demand for the other are Complements.
What are Complements?
A good that complements another by adding value to it is called a complementary good. They are therefore two products that the consumer utilizes in tandem.
Taking cereal and milk or a DVD and a DVD player as examples. When a complementary good is necessary, as, with gasoline and an automobile, that situation arises. A supplementary good, however, might enhance the value of the first product. Take pancakes and maple syrup as one example.
A good is considered complementary if its usage is connected to that of an associated or paired item. If using more of good A necessitates using more of good B, then two goods (A and B) are complimentary.
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A _____________ _____________ is a listing of the general ledger accounts along with the dollar balances contained therein.
A Trial balance is a listing of the general ledger accounts along with the dollar balances contained therein.
What is trial balance in accounting?
A trial balance is a financial report showing the closing balances of all accounts in the general ledger at a point in time. Creating an attempt balance is the first step in closing the books at the end of an accounting period.
Why is balance important?
Trial balances are won't to prepare balance sheets and other financial statements and are an important document for auditors. an attempt balance is done to check that the debit and credit column totals of the general ledger accounts match each other, which helps spot any accounting errors.
Why balance is used?
The main purpose of a trial balance is to ensure that the list of credit and debit entries in a general ledger are mathematically correct.
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If you work in a ____________ culture, you need to make sure that the values of the employees are aligned with those of the company and that there are clear agreements and processes in place. Always make objective decisions and explain, where necessary, on what they are based.
Alex invested $30,000 in cash in his business. how will this entry be posted in the ledger accounts?
Alex invested $30,000 in cash in his business, which will be posted to
the debit side of the Cash account.
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
To Common stock A/c $30,000
(Being the cash is invested)
We simply debited the cash account and credited the capital account for $30,000 so that the correct posting can be done.
So while preparing the ledger accounts we post the amount to the debit side of the cash account and credit side of the common stock account.
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True or false: this indicates that there is excess capacity in the market for bats.
The given statement is true. A trait of natural monopolies or monopolistic competition is excess capacity.
Why do monopolies have excess capacity?According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service. When one firm and its product control an entire sector of the economy, there is little to no competition and customers are forced to buy the particular products or service from the one company.
A trait of natural monopolies or monopolistic competition is excess capacity. It might occur because businesses have to make lumpy or indivisible investments to boost capacity as demand rises. A market is a setting where two or more parties exchange products, services, and information. A market is ideally a place where two or more people can do business. Seller and buyer are the two parties involved in a transaction.
The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
Hence, The given statement is true.
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Imprimo, inc. , produces two types of ink-jet printers: business and home. Imprimo uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year
Manufacturing overhead is applied to work-in-process inventories at a predetermined overhead rate. Before the period starts, the predetermined overhead rate is calculated.
1. How is the predetermined overhead rate calculated?
= Expected Activity / Estimated Overhead
= $1,862,000 / 49,000
= $38 per hour of direct work
The overhead being used is:
For a business printer, multiply 12,000 by $38 to get $456,000
37,000 times $38 equals 1,406,000 for a home printer.
2. The per-unit overhead expense:
For a business printer, the cost per unit is $19 ($456,000 / 24,000).
$1,406,000 / 185,000 for a home printer equals $7.60 per unit.
3. 24,000 hours of direct labour were used by the home printer.
Earlier, a home printer used 12,000 hours of labour.
So Should be a difference in labour hours equals 24,000 minus 12,000 hours.
= 12,000 hours
Additionally, the overhead rate per direct labour hour is $38.
The profitability of this product line declines as overhead costs increase.
= 12,000 hours * $38
= $456,000
Complete question: Transcribed image text: Imprimo, Inc., produces two types of ink-jet printers: business and home. Imprimo uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year: Estimated overhead 1,862,000 Expected activity 49,000 Actual activity (direct labor hours): Business printer 12,000 Home printer 37,000 Units produced: Business printer 24,000 Home printer 185,000 1. Calculate the predetermined plantwide overhead rate, using direct labor hours. per hour Calculate the applied overhead for each product, using direct labor hours. Applied overhead Business Home 2.
Calculate the overhead cost per unit for each product. If required, round your answers to the nearest cent. Overhead Cost Business per unit Home per unit 3. What if the home printer business used 24,000 hours (to produce 24,000 units) instead of 12,000 hours (total expected hours remain the same)? Calculate the effect on the profitability of this product line if all 24,000 units are sold. Profits would by $\$$
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What financial statements can be found in a firm's annual report? what checks exist to ensure the accuracy of these statements?
The balance sheet, income statement, statement of cash flows, and statement of shareholder's equity are among the financial statements that can be included in a company's annual report that complies with IFRS.
The checks that exist to ensure the accuracy of these statements is:
When preparing their reports, public firms are required to adhere to a standardized set of guidelines and a standard structure.An impartial third party, referred to as an auditor, is appointed by corporations to review the yearly financial statements, confirm that they are prepared by GAAP, and provide supporting documentation for the accuracy of the information.The Sarbanes-Oxley Act mandates that in addition to the auditor's role in analyzing the financial statements, the CEO and CFO both individually attest to the veracity of the financial statements provided to shareholders and sign a statement to that effect.What is an Annual Report?The annual financial report, sometimes known as the annual report or just the annual report, is an audited account of the health and performance of a corporation or mutual fund. It is presented annually to shareholders as a kind of openness. Accounting documents are completely accessible to investors and the general public so they can learn more about the state, worth, and potential of the business.To learn more about annual reports, refer to:
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The individual accounts in a general ledger are frequently assigned a number according to the _____________ _____________ _____________ .
The individual accounts during a general ledger are frequently assigned a number according to the chart of accounts.
What is the meaning of chart of accounts?
A chart of accounts (COA) may be a financial, organizational tool that gives an index of every account in an accounting system. This provides an insight into all the financial transactions of the corporate . Here, an account may be a unique record for each type of asset, liability, equity, revenue and expense.
Why may be a Chart of Accounts so important?
it's important because it is designed as a way to separate expenditures, revenue, assets, and liabilities, so a business can have a transparent understanding and view of their overall financial health.
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How do top managers best demonstrate a commitment to ethical business practices?
By adopting and enforcing written codes of ethics. This is how top managers best demonstrate a commitment to ethical business practices.
A enterprise is defined as a business enterprise or enterprising entity engaged in business, commercial, or expert activities. corporations may be for-profit entities or non-income businesses. commercial enterprise sorts variety from limited liability corporations to sole proprietorships, agencies, and partnerships.
Business improves the first rate of existence in two methods. first of all, it gives items and provider to the human beings required for their leisure, consolation, and fitness. Secondly, a enterprise offers employment opportunities to the humans by means of which they are able to generate income and enhance the excellent of lifestyles.
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If a country's annual imports are $320 billion and its exports are $280 billion, the difference between the two is known as its:_______
If a country's annual imports are $320 billion and its exports are $280 billion, the difference between the two is known as its: balance of trade.
The types of trade.Basically, trade can be categorized into two (2) main groups and these include the following;
ImportExportWhat is a balance of trade?In Economics, a balance of trade can be defined as a measure of the difference between merchandise imports and exports out of a country, as well as a country's international trade in goods.
This ultimately implies that, balance of trade is a measure of the difference between the monetary value of the import and export of goods of a country over a specific period of time.
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Assume no bonds were retired during 2012. what was the positive cash flow associated with the long-term debt for cleft company in 2012?
Assume no bonds were retired during 2012. $3,000 was the positive cash flow associated with the long-term debt for the cleft company in 2012.
A company, abbreviated as co., is a felony entity representing an association of human beings, whether or not herbal, prison or a combination of each, with a selected goal. organization contributors percentage a commonplace cause and unite to attain specific, declared desires.
A business enterprise is a criminal entity shaped via a collection of people to have interaction in and function a enterprise—industrial or industrial—organisation. An employer can be prepared in various methods for tax and financial legal responsibility purposes relying at the company law of its jurisdiction.
It's a complicated business shape, with higher set-up and administrative prices due to extra reporting necessities and better-level felony responsibilities.
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In june 2019, dropbox announced that they were increasing storage limits on some premium accounts to 3 terabytes, at no additional costs. this likely has the effect of (choose two):______.
Dropbox stated in June 2019 that some premium customers would receive a free increase in storage capacity to 3 terabytes. This most likely has the result of : 1. lessening the risk of new access. 2. increasing the cost of switching for present consumers.
Dropbox stated in June 2019 that some premium customers would receive a free increase in storage capacity to 3 terabytes. This most likely has the result of : 1. lessening the risk of new access. 2. increasing the cost of switching for present consumers.
Dropbox creates a unique folder on the user's computer to house all of the user's data in one location. The content of these folders is synced with Dropbox's servers and other computers and devices on which the user has installed Dropbox, keeping the same files current on all of the devices.
Using a freemium business model, Dropbox provides customers with a free account with a predetermined amount of storage, with premium subscriptions offering more space and more features. Users of Dropbox Basic receive two gigabytes of free storage. In addition to mobile apps for iOS, Android, and Windows Phone devices, Dropbox provides desktop applications for computers running Microsoft Windows, Apple macOS, and Linux.
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A marketing mix that is ________ to provide a good, service, or idea to prospective buyers is known as a marketing program. multiple choice question. deconstructed compressed segmented integrated
A marketing mix that is integrated to provide a good, service, or idea to prospective buyers is known as a marketing program.
The four Ps stand for the important elements that need to be carefully considered and put into action in order to adequately advertise a product or service. The items on this list are product, price, location, and promotion.
The four Ps also go by the moniker of the marketing mix. They cover a wide range of factors that are taken into consideration when marketing a product, such as what consumers want, how the good or service satisfies or does not satisfy those wants, how the good or service is perceived in society, how it differentiates itself from the competition, and how the company that makes it engages with its customers.
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Lucinda runs the advertising department for a local newspaper. An internal error resulted in all ads for the sunday edition running in black and white, not the full-color advertising paid for by clients. The newspapers have already been delivered. What should lucinda keep in mind as she writes to the affected advertisers?.
Lucinda should keep in mind that the clients will react in different ways to the mail, and she should be able to take the blame as she writes to the affected advertisers.
What is advertisement?Advertisement involves creating an awareness regarding a product.
It means making people know about a product to promote effective sales. A client could be a company or individual who wants his or her company advertised.
When an error occur internally the advertisement department should be ready to hold the result and present possible alternative or solution as the case may be.
Therefore, Lucinda should keep in mind that the clients will react in different ways to the mail, and she should be able to take the blame as she writes to the affected advertisers.
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How do profit pressures influence the news media? do you think nonprofit journalism is, or can be, significantly different from for-profit journalism?
For news media, profit pressures can actually dictate in such a way that they would actually be motivated in spreading false news just for sensation purposes so that more views can be achieved and more profit can be earned from it and this can result in negative publicity or spreading false news to the people which might be mishaps.
Then the true sense of journalism would diminish whereas nonprofit journalism might be different in this case because they are not motivated by profits or political pressures where the main aim for them is to understand the news properly and make it available for the people and they are the ones who actually hold the true values of journalism all in all and that is the reason why there is a significant difference between profit and nonprofit journalism.
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An example of inventory holding cost is the cost of moving goods to temporary storage after receipt from a supplier. group of answer choices
a. true
b. false
The price of transferring items to temporary storage after receiving them from a supplier is an illustration of an inventory holding cost. The assertion is false.
What Is Inventory Carrying Cost?
The term "stock carrying value," regularly referred to as "carrying fees," refers to all industrial expenses associated with holding and storing unsold gadgets.The complete cost of maintaining unsold merchandise in inventory includes all garage-associated expenses.the whole covers warehousing expenses in addition to intangibles like depreciation and misplaced opportunity value.typically, a business enterprise's sporting costs for inventory range from 20% to 30% of its total inventory prices.sporting fees for inventory are frequently known as "retaining costs." there's a carrying fee technique for calculating the full, however accountants also are in price of tracking all associated costs: To estimate the wearing costs of the stock, divide the entire stock value by means of four.To know more about Inventory carrying cost visit:
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Price controls generally serve a positive economic function, as they compensate for the market’s inability to regulate wages in certain sectors of the economy. True or false?.
False, Price controls do not serve a positive economic function.
Price controls, like laws requiring a minimum wage, are rarely the win-win scenarios that lawmakers frequently claim they are.
Price Controls: Government regulations on wages, prices, or their rates of change are known as price controls. Such restrictions can be imposed by the government on a variety of products and services or, more frequently, on a market for a particular good.
Example of Price Control:
Prices on drugs (to make medication and health care more affordable), rent control (where governments impose a maximum amount of rent that a property owner can charge and the limit on how much rent can be increased each year), and minimum wages are some of the most popular examples of price controls (the lowest possible wage a company can pay its employees).
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When eaton worked with the university of notre dame on its new engineering building to improve its energy efficiency and earn leed credits, both actors were working together for the first time. Therefore, the university’s buying situation can be classified as a ________.
When Eaton worked with the university of Notre dame on its new engineering building to improve its energy efficiency and earn leed credits, both actors were working together for the first time. Therefore, the university’s buying situation can be classified as a derived demand.
Notre Dame could be a good place to figure for. They need great benefits. lots of job opportunities for anyone with no experience. Appreciate the love and support they offer back to the staff. 81% of job seekers rate their interview experience at University of Notre Dame as positive.
Candidates give a median difficulty score of two.5 out of 5 (where 5 is that the highest level of difficulty) for his or her interview at University of Notre Dame. The University of Notre Dame is the nation's leading Catholic research university, providing a particular voice in instruction that's directly rigorously intellectual, unapologetically moral in orientation, and firmly embracing a service ethos.
The University of Notre Dame, having high acceptance rates and graduation rates, high rankings and lots of prestigious alumni remains NOT a league school. The league schools are a consortium of eight private universities based within the northeast region of the US. The academics at Notre Dame are very tough, especially within the engineering and science fields.
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Owen cartwright has joined a real estate syndicate that bought an office building in downtown orlando, florida. what type of investment does he hold?
Owen cartwright holds gold bullion coins investment.
A bullion coin is a coin struck from subtle precious steel (bullion) and saved as a shop of cost or an investment rather than utilized in commerce.
A bullion coin is outstanding by an express statement of weight (or mass) and fineness on the coin; this is because the load and composition of cash meant for criminal smooth is unique in the coinage legal guidelines of the issuing state, and consequently there may be no want for an express assertion at the coins themselves.
The United Kingdom defines funding cash more especially as coins that have been minted after 1800, have a purity of now not less than 900 thousandths, and are, or had been, prison smooth in their country of beginning. Below u.s. law, "cash" that fail the remaining of these requirements are not coins at all, and every day is advertised as "rounds" as an alternative.
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People/organizations who give out money to companies and businesses are called:
Those who give out money to companies and businesses are called investors. Hence, Option C is correct.
Who are investors?When former businesses require monetary support, it is not possible to raise money on an individual basis. Sometimes it is kind of family support that one gets to expand the business, but if we want to extend their project, they need money from outsiders.
These are called investors, who land the money to the companies of business so that they can share the profit and become partners in them as well and make more money from it.
Thus, Option C is correct.
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The complete question has been attached in text form:
People/organizations who give out money to companies and businesses are called:
Group of answer choices
A). researchers.
B). analysts.
C). investors.
D). employees.
Suppose+you+will+receive+$714+each+month+for+the+next+6+years.+how+much+is+this+cash+flow+stream+worth+to+you+today+if+your+discount+rate+is+12.0%?+round+to+the+nearest+dollar.
For the following six years, you will receive $714 each month. If your discount rate is 12.0%, the cash flow stream's value to you today will be $36,522.
Monthly amount $ 714.00
Frequency 12
Year 6
Rate of interest 12%
Present worth $ 36,521.38
Monthly amount 714
Frequency 12
Year 6
Rate of interest 0.12
Present worth = PV(B4/B2,B3*B2,B1)
= $36,522
A company, institution, or person's cash flow is the change in their available cash. The phrase is used in finance to refer to the quantity of money (currency) that is produced or utilized in a specific amount of time. For conducting financial research and managing a firm, there are numerous different types of CF.
It's critical to comprehend each form of cash flow because there are many different ones. Make sure to specify which form of cash flow is meant when someone uses the word "CF." CF might refer to any of the types listed below.
So, For the following six years, you will receive $714 each month. If your discount rate is 12.0%, the cash flow stream's value to you today will be $36,522.
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When considering decision alternatives, only relevant costs are included when using the?
When considering decision alternatives, only relevant costs are included using the differential cost approach.
The cost of two potential decisions or a change in production level is referred to as a differential cost.
What is differential cost?
Differential costs are changes in costs that may result from several factors, including an increase or decrease in output, changes in sales volume, alternative manufacturing methods, decisions to make or not make purchases, changes in product mix, etc. Therefore, a different line of action leads to differential cost.The cost difference that results from, for instance, replacing labor with machines with two different courses of action will be the differential cost.If a change in cost results from a shift in the level of activity, the differential cost is known as an incremental cost when output increases and a decremental cost when output decreases.Differential costs are sometimes considered to be incremental or marginal expenses. However, this is untrue. The absorption or entire costing method is used to determine expenses in differential cost analysis, whereas the marginal costing method only considers variable costs and leaves out fixed costs.To learn more about differential cost visit:https://brainly.com/question/28062205
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Suppose that owners refill their pet's prescription every month. if the government eliminates all taxes on pet medications, who will benefit more?
Suppose that owners refill their pet's prescription every month. if the government eliminates all taxes on pet medications, pet owners would receive most of the tax savings
Savings are the cash that are left over after subtracting a person's consumption costs from their available income during a given time frame. The sum of an individual's or family's savings is what remains after all obligations and debts have been paid. Since there is no risk of losing the money, but they also have very low returns, cash or its counterparts (such as bank deposits) are used to keep savings. Through investing, savings can grow, but doing so requires placing money at risk. Savings are the funds that are still available after expenses have been paid. Savings can be made for a number of life goals, including retirement or a child's education expenses.
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A $1.000 par value bond with a 12.68 percent coupon rate, currently selling for $995, has a current yield of:_________
The current yield will be 126.8/995 = 12.74%
What is the Current yield?The annual return on an investment (interest or dividends) is calculated by dividing it by the security's current market value. Instead, then focusing on a bond's face value, this metric looks at its current price.
The return an investor would anticipate making if they bought and held the bond for a year is represented by the current yield.
The return an investor earns if he retains a bond to maturity, however, is not represented by the current yield.
Bond investments, which are securities that are issued to an investor at a par value of $1,000, are the assets to which current yield is most frequently applied.
Bonds are traded between investors, and each bond has a coupon amount of interest that is printed on the bond certificate.
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All of the following are not-for-profits except ________.
a. irs
b. dmv
c. ups
d. u.s. postal service
DMV is the correct answer.
What are not-for-profits?
In contrast to an entity that operates as a business to make a profit for its owners, a nonprofit organization (NPO), also referred to as a non-business entity, not-for-profit organization, or nonprofit institution is a legal entity organized and run by a collective, public, or social benefit.
The non-distribution constraint applies to nonprofits, which means that any surplus funds must be used to further their mission rather than being distributed to other parties.
Many organizations, including some political ones, educational institutions, professional associations, religious institutions, social clubs, and consumer cooperatives, are nonprofit.
Government approval is required for nonprofit organizations to be tax-exempt, however, some may also be eligible for tax-deductible donations.
However, an organization can incorporate as a nonprofit organization even if it does not have tax-exempt status.
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Assessment+of+a+40-year-old+patient+reveals+respiratory+distress,+tachycardia,+audible+expiratory+wheezing,+and+an+oxygen+saturation+of+88%.+the+emt+should+suspect:__________
The EMT should suspect diffuse bronchoconstriction.
What is bronchoconstriction?The smooth muscles of the bronchus contract when there is bronchoconstriction. The passageway that carries air to and from the lungs is called a bronchus. The bronchus narrows as a result of this muscular contraction, limiting the volume of air that can enter and exit the lungs.Usually, bronchoconstriction is a symptom of lung conditions such as asthma, emphysema, and others. However, even those without any lung conditions can experience bronchoconstriction when engaging in strenuous activity.Airway remodeling may also result from bronchoconstriction. When a disorder like bronchoconstriction alters the pattern of the airways, thickens them, or increases the amount of mucus they produce, this is known as airway remodeling.
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What is the total order price for each order listed in northwind's database?
a. include the customer id and shipping
b. name for each order and sort
c. the output by customer id
Name each order and sort the total order price for each order listed in north wind's database.
SELECT orders. order ID, sum(Unit Price*Quantity) 'Total Order'
from Orders, [Order Details]
where
orders. order ID=[Order Details].ordering
group by orders. order ID; joins the orders from the two tables [Order Details] based on the order ID and returns the results.
A database is an organized collection of data. They support electronic storage and manipulation of data. Databases facilitate data management. Let's look at a database example. Online phone books use databases to store information about people, phone numbers, and other contact information.
Databases are used to store, maintain, and access data.
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Carrie, age 17, is selling the house that she inherited from her grandparents. george has agreed to buy the property, and both have signed a purchase agreement. what is the status of this contract?
17-year-old Carrie is putting her grandparents' house up for sale. George has agreed to purchase the home, and they have both signed a purchase contract. This contract is voidable by Carrie, but not by George, because Carrie can back out of it because she is not of legal age.
A formal agreement between two parties that is voidable can no longer be enforced for a variety of legal reasons.
A voidable contract is initially viewed as legitimate and binding but may be revoked by one party if it is shown to contain flaws. The agreement is nonetheless enforceable and legal if a party with the authority to reject it choose not to do so notwithstanding the flaw.
Agreeing to a voidable contract in a which one party fails to identify the misrepresentation or fraud perpetrated by the other party typically only has a negative impact on that party.
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If fixed costs are $245,000, the unit selling price is $117, and the unit variable costs are $73, the break-even sales (units) is:________
If fixed costs are $245,000, the unit selling price is $117, and the unit variable costs are $73, the break-even sales (units) is: 5.697.67 units.
What is a fixed cost?Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services the company produces. They frequently occur again and again, like monthly rent or interest payments. These expenses are often capital expenses as well.Costs that are fixed are those that don't change based on volume. Most fixed costs are expenses that depend more on time than on how much your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs.Rent and mortgage payments are two examples of fixed expenses. Auto loans. Additional loan paymentsTotal production costs — (Variable cost per unit multiplied by the number of units produced) = Fixed costs.Explanation:
Contribution margin per unit = Unit Selling Price - Unit Variable Cost
= $116 - $78
= $43 per unit
Break even point = Fixed Costs / Contribution margin per unit
= $245,000 / $38
= 5.697.67 units
Hence, the statement is not correct because break even unit sales is not equal to 5.697.67 units.
If fixed costs are $245,000, the unit selling price is $117, and the unit variable costs are $73, the break-even sales (units) is: 5.697.67 units.
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As a result of the shift, what will happen to price and quantity will:_______
a. increase
b. decrease
c. remain the same
Answer:
The answer is A, Increase
Customers are invited to participate in an online survey of their satisfaction with service. they are offered a $5 gift card for completing the survey. results of this survey may be biased because?
Customers are invited to participate in an online survey of their satisfaction with service. Results of this survey may be biased because people who respond to surveys may be different.
A customer is a character or enterprise that purchases another agency's items or offerings. clients are essential due to the fact they drive sales; with out them, organizations can not live on.
The consumer is the recipient of a good, carrier, product or an concept - obtained from a vendor, supplier, or provider through a financial transaction or alternate for cash or a few different precious attention.
A consumer has an immediate dating with the seller. though both terms may be used interchangeably, they're very distinctive.
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