The impact of each transaction and the resulting balances:
-Transaction 1: Opened a business bank account with a deposit of $75,000 in exchange for common stock.
Effect: Cash increases by $75,000 and Common Stock increases by $75,000.
Balances: Cash $75,000, Common Stock $75,000
-Transaction 2: Purchased office supplies on account, $2,200.
Effect: Office Supplies increases by $2,200 and Accounts Payable increases by $2,200.
Balances: Cash $75,000, Common Stock $75,000, Office Supplies $2,200, Accounts Supplies $2,200, Accounts Payable $2,200
-Transaction 3: Received cash from fees earned for managing rental property, $19,500.
Effect: Cash purchased by $19,500 and Service Revenue increases by $19,500.
Balances: Cash $94,500, Common Stock $75,000, Office Supplies $2,200, Accounts Payable $2,200, Service Revenue $19,500
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page(s) 143-144 5.6. what effects do price floors have on economic activity? why might politicians in a state or city enact a nonbinding minimum wage? reason to enact nonbinding minimum wage it leads employers to create better working conditions out of fear that a binding law may soon be imposed. press space to open it allows politicians to claim credit for enacting policies that help workers without increasing unemployment. press space to open it works to reduce the existing unemployment rate. press space to open not a reason to enact nonbinding minimum wage
The effects that price floors have on economic activity is that price floors stop a price from dropping below a specific markdown.
Why does economics care about price floors?
Price floor stop a price from dropping below a specific range. Quantum handed will exceed volume needed when a price floor is set above the equilibrium price, leading to redundant force or over-pluses. Price ceilings and floors frequently have unforeseen effects.
There are various negative implications of a price floor set above the market equilibrium price. Customers discover that the same product now costs more money. As a result, people cut back on their spending and choose for alternatives.
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a business associate agreement must be signed when doing business with an external entity (ex: vendor, contractor, temporary staffing services).
Answer:
I believe it's Contractor
Explanation:
A firm earns normal profit:a. when economic profit equals explicit costs.b. when accounting profit equals implicit costs.c. when accounting profit equals explicit costs.d. when economic profit equals implicit costs.e. explicit costs equal implicit costs.
A firm earns normal profit when accounting profit equals implicit costs.
What is the normal profit of a firm?When the difference between a company's total revenue and its combined explicit and implicit expenses is equal to zero, it is said to be operating at normal profit.In order for a business to be justified, it must have a normal profit, which happens when all revenues and expenses are equal. It comprises the potential costs of passing up the next best option as well as the implicit and explicit prices.When average cost is equal to average revenue or when total cost equals total revenue, a business is said to be operating normally.Capital Used X Normal Rate of Return/100 equals Normal Profit.To learn more about normal profit refer to:
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Selling is completely related to creating ______, which is the total benefit that a seller's products and services provide to a buyer.
Selling is completely related to creating Value which is the total benefit that a seller's products and services provide to a buyer. Selling is the act of giving or transferring something in return for cash.
Any transaction in which cash is exchanged for a product or service is a sale. The vendor tries to "sell" the buyer on the advantages of their offer during a sales negotiation. Selling is a transaction in which a product or service is traded for cash. It also describes the method of influencing an individual or group to make a purchase. Your selling efforts should be concentrated on explaining the benefits to the customer if you're trying to sell a good or service. really well-liked and that has sold a huge amount of copies: She recently published a best-selling memoir. She is a best-selling author, which means that her works sell in significant quantities.
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The FOMC has increased from 2% to 6% what they consider a rate of inflation that is consistent with the dual mandate of the Federal Reserve. True False
The FOMC raised the rate of inflation that they see as being in line with the Federal Reserve's dual mission from 2% to 6%. This statement is false.
The FOMC (Federal Open Market Committee) is the monetary policy-making body of the Federal Reserve, which sets the federal funds rate and has the authority to influence other interest rates in the economy.
The FOMC does not have a specific inflation target rate, but rather a 2% inflation target as measured by the PCE (Personal Consumption Expenditures) price index over the longer run. The FOMC's target is not a hard and fast rule, but rather an objective or a longer-run goal that the committee is attempting to achieve.
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consider the market for arugula, a normal good. which of the following changes would result in an increase in both the equilibrium price and the equilibrium quantity of arugula?
An increase in the population would result in an increase in both equilibrium price and equilibrium quantity of arugula.
What is equilibrium price?To reach equilibrium, which results in stable price, market supply and demand must be balanced against one another. In general, prices fall during times of excess supply, which raises demand, while prices rise during times of shortage, which lowers demand. The balanced impact of supply and demand results in an equilibrium condition. Price equilibrium occurs when supply and demand are equal. When a major index experiences a period of consolidation or sideways motion, it can be argued that the forces of supply and demand are comparatively equal and the market is in an equilibrium. Researchers have shown that prices often fluctuate in close proximity to the equilibrium levels.
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prepare the income statement. fill in the blue shaded areas using a formula that references the account balances at the end of the month in the enteranswers1 tab.
Income Statement: For the Month Ended December 31, 2020. The Net Income is $1,500
What is Income?Income is the amount of money or its equivalent received during a period of time in exchange for labor, services, capital, or other resources. Income can come from wages, salaries, self-employment, investments, business profits, pensions, government benefits, and many other sources. Income is essential in maintaining a normal life and can be used to purchase goods and services, invest, save, and pay off debt. Income is a key factor in determining a person's or family's economic status.
Revenues:
Sales Revenue $21,000
Expenses:
Cost of Goods Sold $15,000
Gross Profit $6,000
Selling and Administrative Expenses $4,000
Operating Income $2,000
Other Income (Expense):
Interest Expense $(500)
Net Income $1,500
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According to the study cited in the text, what are the three largest gaps in career readiness employers see in college students applying for employment?
diversity and inclusion
written communication
critical/analytical thinking
organizing/evaluating information
motivation to learn
According to studies cited in the text, the three biggest gaps in career readiness employers see in college students applying for employment are information planning/assessment, written communication, and critical/analytical thinking. Here options B, D, and E is the correct answer.
These skills are considered essential for success in the workplace and are often identified as areas in which college graduates struggle.
Employers often report that college graduates have difficulty effectively planning, assessing, and organizing information, expressing themselves clearly in writing, and lacking the critical thinking and problem-solving skills necessary to excel in the workplace.
They also report that many college graduates struggle to effectively organize, evaluate and use the information to make decisions.
Complete question:
According to the study cited in the text, what are the three largest gaps in career readiness employers see in college students applying for employment?
A - diversity and inclusion
B - written communication
C - critical/analytical thinking
D - organizing/evaluating information
E - motivation to learn
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Which of the following are fair and equitable methods for the assignment of options contracts by a brokerage firm to a customer? LIFO. FIFO. Random. To the customer with the largest open position in that option. A) II and IV. B) I, II, III and IV. C) I and III. D) II and III.
The correct response is B) I, II, III and IV. LIFO. FIFO. Random. Fair and equitable approaches include assigning options contracts by a brokerage firm to a customer who has the largest open position in that option.
Greek weekly free-press/city guide LIFO is distributed at a few locations in Thessaloniki and Athens by DYO DEKA. Its inaugural issue was released in December of the same year that it was founded by journalist Stathis Tsagkarousianos. Initially showcasing the magazine's content, LIFO.gr has evolved into a gateway that offers news, features on current events, culture, a city guide, local news, and videos. On December 1, 2005, the inaugural edition was released in Athens and Thessaloniki. For the initial few issues, the term ATHINA was incorporated into the logo. Being a free city guide, it highlighted anything noteworthy taking place in the Greek capital and featured reviews and interviews.
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Select all that apply Which of the following items are needed to calculate MACRS depreciation for an asset? (Check all that apply.)O Asset's condition or age O Asset's depreciable basis O Date placed in service O Applicable recovery period O Applicable depreciation convention O Applicable depreciation method O Asset's expected usefulness
1)Applicable recovery period,(2) The applicable depreciation convention,(3) The asset's depreciable basis,(4) Depreciation method applicable and (5) Date of service
These are required in order to evaluate an asset's MACRS decline in the value.
How does MACRS depreciation work?
You can accomplish this by employing the MACRS depreciation equations:
Cost x (1 / Useful Life) x Depreciation Method x Depreciation Convention = First Year Depreciation.
Depreciation in Subsequent Years = (Cost - Depreciation in Previous Years) x (1 / Recovery Period) x Depreciation Method.
How does MACRS devaluation are including?
Computer equipment, office supplies, motorcars, fence posts, farm equipment, thoroughbreds, and other investments can indeed be depreciated using MACRS. The IRS enables firms to depreciate property positioned in customer experience after 1986 using MACRS.
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Fiat money O is worthless O may be used as a medium of exchange, but is not legal tender O refers to highly liquid assets that do not serve as the medium of exchange. O None of these.
"Fiat money," or currency issued by the government, does not have a physical backing like gold.
Central banks that use fiat money have more control over the economy because they can control how much money is printed. The dollar is just one of many modern paper currencies that are fiat currencies.
Option D is correct.
What is monetary fiat?Economists divide money into three categories: commodity money, fiat money, and bank money. Commodity money is a good that is used as money's value. Gold coins are one type of commodity money. "Fake money," or currency issued by the government, does not have a physical backing like gold.
Why do we employ fiat currency?Fiat money, on the other hand, is based on the creditworthiness of the government that issuing it. In the past, currencies were backed by tangible assets like silver and gold. As an alternative to representative and commodity money, fiat currency, whose value is determined by supply and demand,
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7.35 for the data in the excel file graduate school survey, perform a chi-square test for independence to determine if plans to attend graduate school are independent of gender.
This problem can be solved by performing a chi-square test of independence on the provided data array to test independence between the two categories.
What is a school survey?
It is a form of evaluation or scaling based on subjective values. Refers to the laws and administrative practices of an educational institution and the academic performance of its students. It aims to assess all conditions and performance in the school system. It is a form of assessment or scaling based on subjective values. It deals with the administrative regulations and practices of an educational institution and the academic performance of its students. It is designed to assess all conditions and performance in the school system.
The Education Survey allows you to collect feedback and opinions from students and teachers and then use those results for continuous improvement in a range of educational areas.
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Which of the following statements about product plant strategy are true?
a. Entire products or product lines are produced at in separate plants.
b. It can result in economies of scale, reducing costs.
c. It can result in significant transportation savings because products are produced close to their final destination.
d. Product components are delivered from other manufacturing plants for final assembly.
Answer: it's A: entire products or product lines are produced at separate plants.
Which usually goes for a business person who approaches difficult conversations in a timely, honest, and considerate manner?
Face-to-face communication is the ability to see another person's face during a conversation.
It is an opportunity to exchange more than words, as both the speaker and the listener can observe and adapt based on their body language and expressions. This two-way communication draws everyone involved into a deeper and more meaningful conversation. This is ideal for solving problems, bringing clarity, and building camaraderie and stronger relationships. And now, thanks to technology, they don't have to be in the same physical space.
This kind of communication is one of the most effective ways to ensure that important information reaches your employees. By participating in person (even via video), you show your audience that you care and that the topic you're talking about is worth your time and theirs. Yes, your focus will grab people's attention and increase the likelihood that your message will be heard.
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Exhibit 26-1 (1) Units of Factor X; (2) Quantity of Output; (3) Product Price; (4) Marginal Revenue Product 0; 0; $8; __ 1: 20: $8; (A) 2; 37; $8; (B)3; 47; $8; (C)4; 53; $8; (D)Refer to Exhibit 26-1. For this firm, the demand curve for factor X is a. upward-sloping b. vertical c. There is not enough information given to determine the shape of the factor X demand curve d. horizontal e. downward-sloping
For this firm, the demand curve for factor X is downward-sloping .
What is downward-sloping?Descriptions of slopes that are downhill. adjective. quite sharply sloping downward. synonyms include declivitous and downward falling. descending or downhillAs previously mentioned, a demand curve often has a decreasing slope. This idea is supported by the demand curves for the most, if not all, items. There may be a few unique instances of items with upward-sloping demand curves. A Giffen good is a product with an upward-sloping demand curve.Longer-term bonds have greater yields than short-term ones in upward-sloping curves, which are also referred to as normal yield curves. Inverted (downward-sloping) curves indicate economic recession whereas normal curves indicate economic expansion.
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which of the following factors related to an interest group's organizational environment can increase its success?
A lack of competition from opposing interest groups, Highly skilled leadership within the group itself .
What is a crucial element of interest groups' success?
Access to government officials is essential to interest groups' success. Interest groups and their representatives work to develop enduring relationships with lawmakers and other government representatives in order to obtain such access.
What benefit do interest groups provide?
Advocacy, policy development, and membership support are the three fundamental tasks performed by interest groups. Size, activity level, and financial resources of the group.
Smaller groups are more likely to succeed than larger ones, despite the fact that more intensity and financial resources are to a group's favor.
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melanie bolar (62) will use the single filing status. her adjusted gross income during the year was $35,000. this is the amount she entered on her form 1040, line 11. she would like to itemize deductions when she files her 2021 federal form 1040 if it will result in a more favorable tax outcome.
Reason for every expenditure:
1) Hotel stay-Most extreme sum taken into consideration in the stay is $50 for an evening
2) Non-hospital meals- Consumption for dinners is just permitted if there should be an occurrence of emergency clinics or comparative establishments.
3) Travel - Consumption permitted in the event of movement according to IRS 2021 is 16 pennies for every mile.
4) Health care coverage expense - The sum spent for health care coverage charge can be guaranteed as a derivation.
5) Remedies Sum spent on solutions is taken into account for allowance
6) Co-Pays to specialists Permitted according to IRS.
7) New glasses-According to IRS, the use made for glasses is permitted.
8) Essential dental administrations According to IRS, dental administrations are considered derivation and incorporate X-beams, fillings, supports, extractions, false teeth, and other dental diseases.
All out derivation = $(50+ (500*16) + 2200 +1300+350+300+600) = $4,880
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This question is not complete , here I am attaching the complete question:
Melanie Bolar (62) will use the single filing status. Her adjusted gross income during the year was $35,000. This is the amount she entered on her Form 1040, line 11. She would like to itemize deductions when she files her 2021 federal Form 1040 if it will result in a more favorable tax outcome.
To seek relief from a medical condition during the year, Melanie traveled to a clinic in another state. She incurred the following trip-related expenses:
$90 for a room in a hotel near the clinic (one night).
$85 for non-hospital meals while she was away from home.
Mileage. Melanie drove her own vehicle, and the round-trip distance was 500 miles.
Melanie is not eligible for employer-sponsored health insurance. In addition to the travel expenses, Melanie incurred the following non-trip related, out-of-pocket medical expenses:
$2,200 net out-of-pocket for health insurance premiums (paid with after-tax dollars).
$1,300 for prescriptions.
$350 in co-pays to her doctor.
$300 for new glasses.
$600 for basic dental services, including x-rays and exams.
A. What amount should she enter for the total of her medical and dental expenses?
$2,680
$2,805
$4,880
$5,005
based on exhibit 7-7 what would be the monthly mortgage payments for each of the following situations
These would be the monthly mortgage payments based on the exhibit 7-7 for the following situations.
a. $1,192.84 (8.43x1415)
b. $1,368.28 (6.32x2165)
c. $1,251.60 (7.45x168)
A mortgage is a kind of loan used to acquire or maintain real estate similar as a house, land, or other types of property. The borrower promises to pay the lender over time, generally in the form of a series of yearly payments divided into principle and interest. The property is also used to secure the loan. Borrowers must apply for a mortgage through their preferred lender and fulfill colorful criteria, including minimal credit scores and down payments. Before they reach the ending step, mortgage operations go through a rigorous underwriting procedure. Mortgage kinds differ depending on the borrower's conditions, similar as conventional and fixed- rate loans. individualities and associations use mortgages to buy real estate without having to pay the whole purchase price up front. The borrower repays the loan plus interest over a certain number of times until they acquire the property free and clear.
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an overview and summary of the marketing plan. it should cover what is going to be discussed in greater detail later in the plan
An overview and summary of the marketing plan. it should cover what is going to be discussed in greater detail later in the plan--- True
What exactly is a brief outline of a marketing strategy?
A company's marketing strategy is outlined in great detail in its marketing plan. The plan identifies the target market, the brand's or product's value proposition, the campaigns that will be launched, and the metrics that will be used to evaluate the success of marketing efforts.
What does a marketing strategy do?Your company's strategy for expanding sales and acquiring new customers is laid out in a marketing plan. However, it also serves as a method for precisely evaluating the success of your marketing efforts thus far.
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in a market economy, most choices about production and consumption are made by which of the following?
Most choices about production and consumption are made by various individuals and firms in a market economy.
A market economy is an economic system in which the interactions of a country's individual residents and enterprises determine economic choices and the price of products and services. There may be some government interference or central planning, but this word typically refers to a more market-oriented economy in general. Market economies use supply and demand dynamics to establish the proper prices and quantities for the majority of commodities and services in the economy. Entrepreneurs gather production elements (land, labor, and capital) and combine them with workers and financial backers to generate goods and services for customers or other firms to purchase. Buyers and sellers willingly agree on the parameters of these transactions based on consumer preferences for specific commodities and the income that businesses expect to make on their investments.
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multiple choice question a company issues $100,000 of 6%, 10-year bonds dated january 1 that pay interest semiannually on june 30 and december 31 each year. if the issuer accepts $103,000 for the bonds, the issuer will record the sale with a (debit/credit) to bond payable in the amount of amount of _______.
Multiple choice question.
debit; $103,000
debit; $100,000
credit; $100,000
credit; $103,000
Option 3rd is correct. If the provider accepts $103,000 for the bonds, the provider will report the sale with a (debit/credit) to bond payable in the quantity of quantity of credit $100,000.
When the marketplace price is 10%, a corporation issues $100,000 of 6%, 10-12 months bonds dated 30 June, that mature on December 31, and pay hobby semiannually. When the bonds mature, the provider information its price of important with a (debit/credit) Credit to Cash in the quantity of $100,000.
If the settlement price is much less than the marketplace price, the bond will promote at an quantity much less than face (that is called a discount). If the settlement price is extra than the marketplace price, the bond will promote at an quantity extra than face (that is called a premium).
A be aware payable is much like a bond payable however is typically transacted with a unmarried lender inclusive of a bank.
The stake that a person has in a corporation refers to how many of it they very own. If you very own a 10% stake in a corporation really well worth $100,000, your stake is really well worth $10,000. If that corporation doubles in value, your stake remains the same (10%), however it's miles now really well worth two times as much, as well, $20,000.
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T/F : one consequence of the paradox of voting is that whoever sets the agenda of a vote could practically predetermine the results of the vote.
This announcement is True.
The paradox of voting, additionally called Downs' paradox, is that for a rational, self-interested voter, the fees of balloting will generally exceed the anticipated benefits.
How does it create the "paradox of voting"?Despite the reality that the probability of casting a decisive vote is nearly zero, human beings still incur prices to forged a vote.
What is majority vote casting paradox?The Condorcet paradox (also known as the vote casting paradox or the paradox of voting) in social desire idea is a situation stated by the Marquis de Condorcet in the late 18th century, in which collective preferences can be cyclic, even if the preferences of man or woman voters are now not cyclic.
A paradox is a announcement that contradicts itself. For example, the assertion “I am no longer lying” is a paradox due to the fact it means one cannot be telling the truth whilst saying they are no longer lying. The word derives from two Greek words which means “contrary to belief”.
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https://brainly.com/question/28347885#SPJ4The owner of a local restaurant wants to implement job enlargement in his restaurant. To do so, he would probably ________.change the staff’s schedules when a number of servers contract the fluallow the staff to decide their own schedules by filling in time slots on a rosterallow the chefs at the various stations to decide on the specials for the dayallow servers to rotate functions on a daily basis, performing greeting, serving, and cleaning functions on consecutive days
The proprietor of a nearby restaurant wants to increase employment there. In order to accomplish this, he most likely would permit servers to alternate daily between tasks like serving and greeting.
By altering the division of labor, job enlargement involves adding more distinct duties to a specific job. The premise behind job expansion is that diversifying a worker's duties will decrease boredom and weariness and maybe enhance incentive to perform well, enhancing both the number and quality of goods and services offered.
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ricardo uses his personal vehicle in his sole proprietorship. he keeps no records of any kind regarding his business use of the car and doesn't really know for certain when and where he used the automobile for business. which of the following is correct?
Juan cannot deduct any vehicle expenses because he has no record of his expenses
What is sole proprietorship?A sole proprietorship is a form of business that is owned and controlled by one person.The person enjoys the profit alone and bears the risk alone as well.
Since we are given the information that he keeps no records of any kind regarding his business use of the car and doesn't really know for certain when and where he used the automobile for business, this means that Juan cannot deduct any vehicle expenses because he has no record of his expenses.
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choose the statement about the impact of an invasive species that is not true. a. humans can be exposed to unknown pathogens. b. the health of an ecosystem often improves. c. invasive species can take over forests or croplands.
d. native species can be displaced or killed.
Untrue impact of an invading species is (B) that ecosystem health frequently improves.
An introduced species that overpopulates and damages its new environment is referred to as an invasive or alien species. Invasive species have a negative impact on ecosystems and bioregions, harming the environment, the economy, and/or the ecology. Any non-native species that significantly alters or disrupts the ecosystems it colonises is considered an invasive species, also known as an imported species, alien species, or exotic species. Such species may migrate naturally to new locations, but they are frequently brought in by the activity of other species.
Invasive species include the Burmese python in the United States. Southeast Asia is home to this enormous constrictor snake, which may reach lengths of more than 23 feet.
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A _____ is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer. A_____ in scope than a value chain. vis ______ A customer benefit package is defined as a(n)_____ conceptualize and visualize goods and services by thinking _____ The CBP is a way to about how goods and services are bundled and configured together.
The answer is Value chain; Supply chain; Narrower; set of tangible and intangible features that customers recognize, pay for, use, or experience; broadly.
A Value chain is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer. A Supply chain is narrower in scope than a value chain. A customer benefit package is defined as a(n) set of tangible and intangible features that customers recognize, pay for, use, conceptualize and visualize goods and services by thinking broadly The CBP is a way to about how goods and services are bundled and configured together.
The CBP is a way to identify the value chains in which a company operates. The value chain can be broken down into five stages:
The first stage is raw materials procurement. This is where companies identify the resources they need to produce their product. They then identify the suppliers who can provide these resources at a lower cost.
The next stage is manufacturing. This is where the raw materials are processed and made into a final product. The next stage is distribution and marketing. This is where the final product is sold to the customer. The last stage is sales and marketing. This is where the customer pays for the final product.
Question:
A __________________ is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer. A _____________ is ___________ in scope than a value chain. A customer benefit package is defined as a(n)___________conceptualize and visualize goods and services by thinking ____________ The CBP is a way to about how goods and services are bundled and configured together.
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Your friend is starting a new company and wants your help since you are taking Managerial Accounting. The item they want to sell they are estimating will cost $40 and sell for $50. There are similar items on the market that sell for $52. (Answer each separately and do not paraphrase/quote from the book and have complete sentences. You are graded based on your first response.)1. What costing questions should be asked before making a decision about producing the product for sale based on what you learned in chapter 6 (focus on this chapter please)? Provide at least 4 questions and why the information would be helpful.2 What would you recommend and why?
Your friend is starting a new company and wants your help since you are taking Managerial Accounting...The following are some costing questions that should be considered before making a decision about producing the product for sale based on what I learned:
The following are some costing questions that should be considered before making a decision about producing the product for sale based on what I learned:What are the variable costs associated with producing the item? Having this information would help determine the break-even point and the minimum price at which the product would need to be sold to make a profit.What are the fixed costs associated with producing the item? This information would help determine the total cost of production and the minimum price at which the product would need to be sold to cover all costs.What is the capacity utilization for the production of the item? Knowing this would help determine if the company has the capacity to produce the item without incurring additional fixed costs.What is the pricing strategy for similar products on the market? Having this information would help determine if the product can be competitively priced and still make a profit.Based on the information provided, I would recommend not producing the product for sale. The estimated cost of $40 and the selling price of $50 is less than the price of similar items on the market, which are being sold for $52. It's unlikely that the company would be able to make a profit by selling the item at that price.
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15. Which statement best describes a production possibilities curve (PPC) with a straight line?
OAPPC with a straight line indicates that the production is under increasing costs.
OAPPC with a straight line indicates that units A and B are producing too many units.
OAPPC with a straight line indicates that for every unit A or B relinquishes, no additional units can be produced.
OAPPC with a straight line indicates that for every unit A or B relinquishes, an additional unit of an opposing good is produced.
best describes a production possibilities curve (PPC) with a straight line A PPC with a straight line indicates that the production is under increasing costs
What is production possibilities curve (PPC)?Given the available resources and technology, the production possibilities curve (PPC) is a graph that displays all the possible output combinations. Things that alter an economy's output, like as technological advancements, resource changes, increases in education or training (this is what we refer to as "human capital"), and adjustments to the labor force, are what generate shifts in the production possibilities curve. The production possibilities curve depicts the maximum output for two items under resource constraints. Additionally, it shows the opportunity cost of resource allocation choices.Changes in the overall number of production elements that are accessible or technological improvements can cause the PPF to migrate outward or inward. The economy can generate more items at any point along the frontier if the overall number of production components, such as labor or capital, grows.To learn more about production possibilities curve refer to:
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given this multiple-line chart, find the total number of chairs and sofas sold during june. (note: all sales numbers are plotted to the nearest 10 units.)
The Multiple-line chart is explaining about the sales of sofas and chairs.
It is given that the chairs sold during June are 220 and the sofas sold are at 200.
In the beginning, the sales of chairs are higher than the sales of the sofa, after April the sales of chairs decreased with an increase in the sales of sofas.
Later between April to May we can see an intersection of two lines then there occurred the sale difference Between May to June.
One more intersection of lines led the sales of chairs to go up and allowed the sofa sales to go down. At the end occurred the sales of chairs increased, and sofa sales decreased in June.
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when a change in the supply and demand occur within a market, the effect on the new equilibrium market price or quantity can be determined. however, without information on the relative size of these shifts, both price and quantity cannot be determined. match the supply and demand changes to the outcome that is known about the new equilibrium in the market for pizza, where pizza is a normal good and cheese and dough are inputs. consumer income falls; pizza dough decreases in price consumer income rises; pizza dough decreases in price consumer income rises; cheese increases in price consumer income falls; cheese increases in price
Although ⇒ affair increases; price uncertain When advanced consumer income results in advanced prices, the drop in the price of inputs results in lower prices.
So that both result in advanced consumers. When consumer income falls, pizza dough decreases in price. Coming ⇒ price diminishments; affair uncertain When both affect in lower prices also falling consumer income results in lower affair drop in the price of inputs results in an advanced affair.
When consumer income falls, rubbish increases in price, now, ⇒ affair diminishments; price uncertain When both lower affair also falling consumer income decreases price also increase in the price of inputs increases the price So that, consumer income rises; rubbish increases in price Now ⇒ price increases; affair uncertain also both increase price When rising consumer income increase affair When an increase in the price of inputs decreases affair.
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