62.09 is the present value of a $100 lump sum to be received in five years if the opportunity cost rate is 10 percent.
Present value (PV), also known as present discounted value, is the worth of a projected income stream computed as of the valuation date in economics and finance. Because money has the ability to generate interest, the present value is normally less than the future value, unless interest rates are zero or negative, in which case the present value is equal to or greater than the future value.
The expression "a dollar now is worth more than a dollar tomorrow" can be used to indicate time value. 'Worth more' in this context suggests that its value is greater than tomorrow's. Present value and future value computations are used to value loans, mortgages, annuities, sinking funds, perpetuities, bonds, and other assets.
Present Value of $ 100 to be received in 5 yrs:
Present value = 100*(1/(1.10^5)
Present value = 62.09213
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you are the senior hr director at dynamo industries, a medium-sized manufacturer of small electrical motors. the firm employs 9800 people and has plants in st. paul, atlanta, and little rock. the company needs to hire a new chief executive officer (ceo), as the current ceo is on medical leave with plans to retire. what selection tools will you use for selecting the replacement ceo and why? how will you make a final decision of who to hire? be sure to consider validity, utility, and legal considerations when explaining the rationale for your choices.
As the senior HR director at Dynamo Industries, selecting a new CEO is a critical decision that will impact the future success of the company. To ensure the best selection, I would use a combination of selection tools that are valid, have high utility, and are legally defensible.
A rigorous, systematic interview procedure would be a crucial tool to use. A varied group of interviewers, including members of the board, senior executives, and managers from various functional divisions of the organization, should be involved in the interview process. The interview questions should be tailored to the exact competences, skills, and experience required for the CEO role, as well as the corporate culture and values. The interview should be geared to evaluate the candidate's abilities to lead, communicate effectively, make strategic decisions, manage change, and create connections with important stakeholders.
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somerset leasing received $38,400 for 12 months' rent in advance. how should somerset record this transaction?
Somerset should record this transaction as debit cash $38,400.
What is a transaction?A transaction is a fundamental concept in business and finance that refers to the exchange of goods, services, or money between two or more parties. In a transaction, each party has something of value that they wish to exchange with the other party. The exchange can be in the form of a sale, purchase, transfer, or agreement to do something in exchange for something else. Transactions are usually recorded and tracked to ensure accuracy and accountability. They can take many forms, such as cash transactions, credit card transactions, wire transfers, or electronic payments. In the world of finance, transactions are critical for keeping track of money flows and maintaining financial records. Accurate recording and tracking of transactions are essential for businesses, governments, and individuals to ensure financial transparency, compliance with regulations, and smooth financial operations.
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if the federal reserve wishes to use monetary policy to reinforce congress' fiscal policy changes, it should
If the Federal Reserve wishes to use monetary policy to reinforce Congress' fiscal policy changes, it should increase the money supply when government spending is increased.
Fiscal policy refers to the use of government spending and fiscal policy to affect economic conditions, especially macroeconomic conditions. These include/contain aggregate demand for goods and services, employment, inflation and economic growth.
During a recession, governments can lower/reduce tax rates or increase spending to stimulate demand and boost economic activity. Conversely, you can raise/increase interest rates to combat inflation or cut spending to cool the economy.
Fiscal policy is often contrasted with monetary policy enacted by central bankers rather than elected government officials. Fiscal policy refers to the use of government spending and taxation to influence economic conditions.
Fiscal policy is largely/mostly based on the ideas of British economist John Maynard Keynes.
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what is the aim of producing good and services for firms in: a market economy
Answer:
In a market economy, the primary aim of producing goods and services is to make a profit. Firms compete with each other to sell their products to consumers, and the competition drives prices down and improves the quality of the goods and services being offered. By producing goods and services that people are willing to buy, firms can earn profits, which they can then reinvest in their operations to continue growing and improving their business.
In this type of economic system, consumers ultimately determine what goods and services are produced, as they vote with their dollars by choosing which products to buy. This results in a focus on producing what people want, rather than what is deemed important by a central authority.
Additionally, producing goods and services can also create jobs and contribute to the overall growth and development of the economy. By meeting the needs and desires of consumers, firms can help improve the standard of living for individuals and communities.
What is the first step of the selection process?
The first step of the selection process is typically to review the job application or resume to determine if the candidate meets the minimum qualifications for the position. This step is also known as the initial screening.
Which five stages of the choosing procedure are there?Open the demand, screen the applicants, interview the prospects, choose the best, and make the offer are the five distinct stages of the hiring process that recruiters can help hiring managers with.
What is the method of selection?The selection procedure refers to choosing the best applicant with the necessary skills and qualities to fill the position in the business. The selection procedure is a complicated one that takes a long time. There are several steps before the choice is made.
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jack retired five years ago and now lives on a fixed-income annuity and a small savings account that pays him 1% interest on the balance. the current inflation rate is 1.7%. 2. jill has worked at her current position without a raise for 4 years. because inflation has risen 5% over the course of the 4 years, she has struggled to pay day-to-day living expenses and her house payment. she asked her employer for a raise and he gave her a 6% raise because she is such a good worker. 3. wendy manages a bank in the local area. the previous manager made several fixed-rate loans to customers at low interest rates to bring in new depositors. inflation is now rising at 3% per year. 4. leia just read that the national debt owed by the federal government is at an all-time high. (explain any possible impact on the federal government from unexpected inflation.)
Inflation can have significant effects on individuals, businesses, and the economy as a whole.
Inflation is eroding the purchasing power of Jack's fixed-income annuity and his savings account. The real value of his income and savings will decrease as the cost of living increases. Therefore, he may have to adjust his spending habits to maintain his standard of living.Jill's purchasing power has been eroded by inflation over the past four years. Even with a 6% raise, she may still struggle to maintain her standard of living if inflation continues to rise. If her raise is not at least equal to the rate of inflation, she will effectively receive a pay cut.Wendy's bank may be impacted by unexpected inflation if the fixed-rate loans it made become less profitable. If the inflation rate rises higher than the interest rate on the loans, the bank's profits on the loans will decrease. Additionally, the bank may experience a decrease in demand for new loans, as borrowers may be hesitant to take on new debt in a high-inflation environment.The impact of unexpected inflation on the federal government can be significant. If the inflation rate is higher than expected, the real value of the government's debt will decrease.To learn more about Inflation please click on below link.
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a researcher discovers that, in the labor market, black people face discrimination, but black men are much more likely to face discrimination than black women. what concept does this highlight?
A researcher discovers that, in the labor market, black people face discrimination, but black men are much more likely to face discrimination than black women. The concept this highlight is Intersectionality.
The act of establishing unjustifiable, biased differences between people based on the groups, classes, or other categories to which they belong or are thought to belong is referred to as discrimination. Individuals may face discrimination based on their color, gender, age, religion, handicap, or sexual orientation, among other factors.
Discrimination happens most often when individuals or groups are unfairly treated worse than other people because of their real or perceived membership in specific groups or social categories. It entails excluding members of one group from chances or advantages enjoyed by members of another group.
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selected financial information for greek food producers is presented in the following table (000s omitted). beginning raw materials inventory $500 ending raw materials inventory $200 direct labor $260 operating expenses $720 purchases of direct materials $590 beginning work in process inventory $330 ending work in process inventory $680 sales revenue $4800 manufacturing overhead $820 beginning finished goods inventory $290 ending finished goods inventory $340 what was the cost of direct materials used?
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, which is the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two).
Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance.
(Beginning raw materials inventory
+
Purchases of direct materials
+
Direct labor
+
Manufacturing overhead
+
Beginning work in process inventory
+
Beginning finished goods inventory)
-
(Ending raw materials inventory
+
Ending work in process inventory
+
Ending finished goods inventory)
=
Cost of goods sold
($500+ $590+ $260+ $820+ $330+ $290) - ($200+ $680+ $340)
= $1570
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assume that suvs are normal goods. data shows that household income increased in 2021, and the chip shortage has decreased the supply of cars and suvs. as a result, you can expect
We can anticipate that the price of cars has gone higher due to the chip scarcity, which has reduced the Supply of cars.
Supply: What Is It?A basic economic notion of supply refers to the total amount of a given commodity or service that is made available to consumers. When shown as a graph, supply can refer to the amount that is offered at a set price or the quantity that is offered over a range of prices.
Does greater supply equate to lower prices?When demand is constant, there is a inverse correlation between supply and the cost of products and services. Prices tend to drop to a lower price level and a greater equilibrium quantity of goods and services if supply in goods and services increases while demand stays the same.
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A _____ centralizes its management and other decisions in the home country.A) global companyB) glocal companyC) multidomestic corporationD) transnational organizationE) borderless organization
A multidomestic corporation centralizes its management and other decisions in the home country.
A multidomestic corporation is a type of multinational corporation that operates in multiple countries and customizes its products, services, and business strategies to meet the specific needs and preferences of each local market. In other words, a multidomestic corporation decentralizes its operations and decision-making authority to its subsidiaries in each country, allowing them to adapt to the local environment and culture. This approach allows the corporation to be more responsive to local market conditions and gain a competitive advantage over companies that use a standardized global approach. However, it can also lead to inefficiencies and duplication of effort across different markets.
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BIG TEST NEED HELP
Environmental sustainability is ensuring that our natural resources can be used _______.
a. next year
b. for the next five years
c. short term
d. indefinitely
trio company reports the following information for its first year of operations. direct materials $ 11 per unit direct labor $ 15 per unit variable overhead $ 5 per unit fixed overhead $ 284,200 per year units produced 20,300 units units sold 17,000 units ending finished goods inventory 3,300 units 1. compute the product cost per unit using absorption costing. 2. determine the cost of ending finished goods inventory using absorption costing. 3. determine the cost of goods sold using absorption costing.
the cost of finishing concluded absorption costing is $4,090. To calculate the product cost per unit using absorption costing, we must include all variable and fixed production expenses.
is: Direct materials + direct labor + variable overhead + (number of units produced) = $11 + $15 + $5 + ($284,200 20,300) = $11 + $15 + $5 + $14 = $45 per unit. As a result, considering absorption costs, the product cost per unit is $45. To calculate the cost of terminating finished goods inventory using absorption costing, multiply the product cost per unit by the number of units in the inventory Ending completed goods inventory cost = product cost per unit x number of units in inventory = $45 x 3,300 = $148,500 As a result, the cost of finishing concluded To calculate the product cost per unit using absorption costing, we must include all variable and fixed production expenses. The entire cost of production per unit is Direct materials + direct labor + variable overhead + (number of units produced) = $11 + $15 + $5 + ($284,200 20,300) = $11 + $15 + $5 + $14 = $45 per unit. As a result, considering absorption costs, the product cost per unit is $45. To calculate the cost of terminating finished goods inventory using absorption costing, multiply the product cost per unit by the number of units in the inventory. Ending completed goods inventory cost = product cost per unit x number of units in inventory = $45 x 3,300 = $148,500 As a result, the cost of finishing concluded absorption costing is $4,090.
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an increase in the wealth of consumers will likely cause price level and unemployment to change in which of the following ways? price level / unemployment a. increase / increase b. increase / decrease c. increase / stay the same d. decrease / increase e. decrease / decrease a option a b option b c option c d option d e option e
The correct answer is Option B: increase in wealth of consumers is likely to cause an increase in the price level and a decrease in unemployment.
When consumers have more wealth, they tend to spend more money, which can lead to an increase in demand for goods and services. This increase in demand can cause prices to rise as businesses try to keep up with demand. At the same time, increased consumer spending can also create job opportunities, which can lead to a decrease in unemployment. Thus, an increase in consumer wealth is likely to cause an increase in the price level and a decrease in unemployment, making Option B the correct answer.
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what did the waiter say when the customer asked what is this insect in my soup
Answer:
The waiter might say something like, "I'm sorry sir/ma'am, let me take care of that right away. I'll bring you a fresh bowl of soup." or "Oh no, I apologize. I'll remove the insect and bring you a new bowl immediately." The main objective of the waiter would be to quickly rectify the situation and make the customer happy.
Explanation:
to provide low-cost housing to the unemployed, a city has a policy of leasing empty city-owned buildings to social agencies that promise to convert or rehabilitate the buildings into habitable, low-cost apartments and to
Low cost housing reduces construction costs through the use of locally available materials without compromising structural strength, performance and longevity. Plaintiffs are likely to win. The First Amendment prohibits laws that establish religion.
Government action that does not involve sectarian preferences should be subject to the founding clause if it has a secular purpose and its primary effect neither promotes nor impedes religion and does not require undue government involvement in religion.
Since there is considerable interdependence between the church and the city, the actions of the church are considered here as actions of the state. It seems to me that there is no worldly purpose in asking renters to declare their faith in God. Moreover, its main effect is probably to promote religion. Therefore, the act of the church is held to violate the founding article.
The U.S. Department of Housing and Urban Development (HUD) recognized this opportunity after Hurricane Sandy and required federally funded reconstruction to meet green and healthy housing standards (details below). increase). However, the housing sector also faces many disaster-related challenges. After disasters, threats to the health of Amendment need to be mitigated, and displaced persons and homeless people need immediate access to temporary shelters that provide safe haven and shelter while their homes are rebuilt.
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The complete question is:
To provide low-cost housing to the unemployed, a city has a policy of leasing empty city-owned buildings to social agencies that promise to convert or rehabilitate the buildings into habitable, low-cost apartments and to pay the city 10% of any net profit made from rentals. A church entered into the agreement and converted one of the city's abandoned office buildings into 50 small low-cost apartments. The lease agreement used by the church provides, among other things, that the lessee must affirm a belief in God. The lease agreement was submitted to the city for approval prior to its use by the church made the apartments available for rent, the plaintiff, an avowed atheist, applied to lease a unit. The plaintiff's application was denied for the sole reason that the plaintiff refused to affirm a belief in God. If the plaintiff brings suit against the church on the ground that the required affirmation of a belief in God violates the plaintiff's constitutional rights, who will likely prevail?
when employees become disenchanted with a major change, supervisors should: group of answer choices ignore them neutralize their opposition and acknowledge their concerns transfer them confront them
When employees become disenchanted with a major change, supervisors should: neutralize their opposition and acknowledge their concerns i.e. Option 2
A supervisor or lead, (otherwise called foreman, chief, regulator, facilitator, screen, region facilitator, line director or some of the time gaffer) is the working title of a lower-level administration position that is fundamentally founded on power over labourers or a workplace. A supervisor can likewise be one of the most senior in the staff at the work environment, for example, a teacher who supervises a PhD paper. Oversight, then again, can be performed by individuals without this conventional title, for instance by guardians. The term boss itself can be utilized to allude to any workforce who have this errand as an aspect of their responsibilities portrayal.
A worker is a boss on the off chance that they have the power and position to do the accompanying activities (as per the Ontario Service of Work):
Give directions and additional orders to subordinates.
Be considered answerable for the work and activities of different representatives.
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Complete Question -
when employees become disenchanted with a major change, supervisors should: have a group of answer choices
ignore them neutralize their opposition and acknowledge their concerns transfer them confront themWhat type of unemployment is created by a recession ?
Periods of slow economic growth characterized crises can lead recessions .Cyclical unemployment may occur after an economic downturn in consumer demand for products & services steadily declines.
How was cyclical unemployment, and why does it manifest itself?When construction employees were laid off in the Great Recession due to the financial crisis in 2008, this was a case of cyclical unemployment. Due to the faltering housing market, there was a sharp decline in the building of new homes, which increased the cyclical unemployment rate for construction employees.
What is the root cause of cyclical unemployment?Why does unemployment cycle? People cut back on their spending during recessions, which leads to cyclical unemployment. Production declines as a result of decreased demand for goods and services. Layoffs occur as a result of decreased revenue and staffing requirements for business operations.
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raising the minimum wage increases the rate of unemployment. positive or normative?
The statement "raising the minimum wage increases the rate of unemployment" is a normative statement. Normative statements are statements that express a value judgement or an opinion about what ought to be or what should be.
They are subjective and cannot be proven true or false. On the other hand, positive statements are statements that can be tested and verified. They describe what is and are based on facts and evidence. So, the statement about minimum wage and unemployment is a normative statement because it is expressing an opinion about what the effect of raising the minimum wage will be.
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which country is relatively capital abundant? which country is relatively labor abundant? suppose that good r is labor intensive relative to good t. which country will have comparative advantage in the production of r? how do you know this? what will happen to wage rates and returns to capital in each country?
The country with the most capital abundant is the United States, whereas the country with the most labor is Canada. The absolute labor endowment of Canada should be noted.
Will a nation with a surplus of labor export products that require a lot of labor?A nation with an abundance of capital will export the capital-intensive good, according to the Heckscher-Ohlin (H-O) theorem. The labor-intensive commodity will also be exported from the nation with a surplus of workers. Each nation exports the products that it makes comparatively better than the other nation.
India – a country with high capital intensity?The authors cite tight labor regulations, credit policies, and capital subsidies for technology development as reasons why capital-intensive methods of production are used in India, a nation with a large labor pool.
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____________. consumers demand different amounts at every price, causing the demand curve to shift to the left or the right.
Change in Demand is the consumers demand different amounts at every price, causing the demand curve to shift to the left or the right.
What factors influence demand?Changes in customer income, consumer preferences, the price of related goods, demographics, customer expectations, and advertising and marketing are all factors that can cause a change in demand. In general, an increase in consumer income leads to an increase in demand for ordinary goods, whereas a decrease in income can lead to a decrease in consumption. Changes in consumer preferences or demographics can also have an impact on the demand for specific goods and services. Demand can be influenced by the price of related goods such as substitutes and complements. Finally, advertising and marketing have the ability to influence consumer perceptions and generate demand for new or existing products.
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a(n) difference in cash occurs when a company records a transaction either before or after the bank records the same transaction.
The difference in cash that occurs when a company records a transaction either before or after the bank records the same transaction is known as a "bank reconciliation difference."
What is the bank reconciliation difference?When a company records a transaction, such as a check payment or a deposit, it records it in its own books, which may not necessarily match the timing of the transaction being processed by the bank. The timing difference between the company's records and the bank's records can result in a difference in the company's cash balance.
For example, if a company writes a check for $1,000 and records the payment in its books, but the bank has not yet processed the check, the company's cash balance will be overstated by $1,000. Conversely, if the bank has processed the check but the company has not yet recorded it in its books, the company's cash balance will be understated by $1,000.
To reconcile these differences, a company can perform a bank reconciliation, which is the process of comparing the company's records to the bank's records and identifying any differences. The company can then adjust its records to reflect the correct cash balance.
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Where does the Profit go when
closing entries?
A. Retained Earnings
B. Revenue
C. The Income Summary
D. Cash
Answer:
The profit goes to the Retained Earnings account when closing entries are made.
Explanation:
assuming that this is a closed economy with no crowding out, which of the following best describes the impact that a$100$100dollar sign, 100 billion increase in government spending will have on this economy?
Option a) Aggregate demand and real output will eventually increase by only $400 billion, and the price level will increase.
Gross domestic product is the monetary value of all finished goods and services produced within a country over a specified period of time.
GDP can be calculated in three ways using expenditure, production or income, and can be adjusted for inflation and population for greater insight.
GDP provides a snapshot of a country's economy. It is used to estimate the size of the economy and its growth rate.
Real GDP takes into account the effects of inflation, but nominal one/GDP does not.
Despite its limitations, GDP is an important/pious tool to guide policy makers, investors and businesses in making strategic decisions.
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Complete question:
An economy is currently producing real GDP that is $500 billion more than it's full employment output. It is also experiencing an undesirable amount of inflation. Its marginal propensity to consume is 0.750.750, point, 75.
Assuming that this is a closed economy with no crowding out, which of the following best describes the impact that a $100 billion increase in government spending will have on this economy?
a) Aggregate demand and real output will eventually increase by only $400 billion, and the price level will increase
b) Aggregate demand and real output will eventually increase by only $300 billion, and the price level will increase
c) Aggregate demand and real output will eventually increase by only $100 billion, and the price level will increase
the amount of investment in an economy exceeds the amount of savings during a recession. true or false
This statement is False. During a recession, the amount of investment in the economy usually falls below the amount of savings.
This is because businesses are cutting back on investment spending, households are saving more as a precaution, and banks and other lenders are reluctant to lend money. As a result, businesses have less access to capital and are less willing to invest in new projects. This leads to a decrease in investment, which is usually less than the amount of savings. As a result, the economy does not grow and economic activity declines. This is typical during a recession and is one of the main factors that contribute to an economic downturn.
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All of the following tests are included in the ethical decision-making metric except
Multiple Choice
the admired observer test.
the legality test.
the moral mentor test.
the publicity test.
the transparency test.
The tests are included in the ethical decision-making metric except the publicity test. Thus, option (d) is correct.
What is ethical?
A person who follows moral standards is referred to as “ethical.” The ethical aids us in determining what is good and wrong. An ethical person is one who is honest, true, values, honor, choice, and fairness.
According to the ethical decision-making, was the based on the individual as well as the working place. The ethical decision-making are not to he considers as the publicity test because as the public would view a decision.
As a result, the significance of the ethical are the aforementioned. Therefore, option (d) is correct.
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serious violations of the real estate license laws typically result in which disciplinary action or actions?
Disciplinary action or license suspension or revocation for serious violations of real estate license laws are typical.
What’s the Difference Between a Suspended and Revoked License?The "points" system for obtaining a driver's license in North Carolina will soon become familiar to drivers who have received a few tickets or been in a car accident. You will begin to hear about either a license suspension or revocation if you have multiple driving violations. Reckless or irresponsible driving results in either of these penalties.
When your license is suspended, you lose your right to drive for a short time. If you meet certain conditions, you might be able to get your license back.
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Price of Video Game Quantity Supplied
of Video Games Quantity Demanded
of Video Games
$50
0
500
$75
50
325
$100
200
200
$150
250
100
$200
400
0
In the supply-and-demand schedule shown above, at a price of $150, the quantity supplied of video games is _____ and the quantity demanded of video games is _____.
50, 325
250, 100
200, 200
Note that the equilibrium price as depicted in the supply-and-demand schedule for video games is $ 100.
What is the rationale for the above response?To determine the optimal price for this task, one must first grasp the Law of Supply and Demand and its mechanics.
The supply of an item or service generates demand for the good or service, according to the Law of Supply and Demand.
In this example, the growth of the video game market increases demand for video games. Demand and supply interact according to price, which is how the law works. When the price is high, the demand is low and the supply is plenty. If the price is cheap, the amount given is small, but the quantity sought is large.
This makes perfect sense when you consider that the buyer wants to pay the least amount feasible for a product, while the provider wants to earn the most amount possible.
In this situation, price is the adjustment vector that causes demand and supply to interact. There will come a moment when demand and supply are equal, which means that the number of video game customers will be the same as the number of video games sold. At this time, we say that the market is in equilibrium, and the price is the equilibrium price.
It occurs in this exercise when the quantity asked equals the quantity delivered, both in 200. The equilibrium price at that time is $100.
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1) Estimate the market share. Complete the chart for the juice & smoothie category, round
to two decimal points. Add relevant dollar signs and percentages.
Company
Booster Juice
Smoothie King
Happy Planet
Maui Wow
Industry Total
$ Sales
(000s)
$500
$295
$200
$5
$1,000
2020
$ Market Share
(%)
50%
29.5%
20%
0.5%
100.0%
$ Sales
(000s)
$615
$325
$240
$20
$1,200
2021
$ Market
Share (%)
51.25%
27.08%
20%
1.67%
100.0%
4
1. Outline 4 things that you observe from these numbers.
Change 2020 vs. 2021
Sales $ %
change
+23.0%
+10.17%
+20.0%
+300%
56.17%
SOM point
change
1.25 DD
-2.42pp
0 Do
1.17pp
2. Write one SMART objective that might be included in the 2021 marketing plan for
Booster Juice.
Answer:
1. Four observations from the numbers:
a. Booster Juice has the highest market share in both 2020 and 2021, with a slightly lower share in 2021 compared to 2020.
b. Smoothie King has the second-highest market share in 2020, but its share has decreased in 2021.
c. Happy Planet has a constant market share of 20% in both years.
d. Maui Wow has the smallest market share in 2020 but has increased significantly in 2021, with a 300% increase in sales.
2. SMART objective for Booster Juice in the 2021 marketing plan:
Increase Booster Juice's market share by 1.5 percentage points (pp) to reach 52.75% of the juice and smoothie category in the next 12 months. This objective is SMART as it is specific, measurable, achievable, relevant, and time-bound.
How can your money personality affect your ability to save?
Investors and savers may overlap in personality traits when it comes to managing household money.
What impact does your money personality have?
Money personalities influence how we behave when making financial decisions and how we spend, save, and invest. Successful people come in a variety of shapes and sizes, but one thing they all have in common is that they are aware of their own financial personalities.
Money personalities shape how we act when making financial decisions, as well as how we spend, save, and invest. Successful people come in all shapes and sizes, but they all have one thing in common: they are aware of their own financial personalities.
Therefore, Big spenders and shoppers often have similar habits, but big spenders tend not to worry about debt, and shoppers may spend more time hunting for bargains.
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3. a marxist solution to economic crisis of overproduction would be: group of answer choices a socialist economy with government ownership of banks and businesses since economic instability is based on the exploitation of workers and reinvestment of profits. allowing business to go bust since to clear the ground for new firms and technology. laissez-faire or free market policies since the economy will tend towards full employment on its own. government stabilization through changing spending, taxes, and interest rates.
According to Marxist theory, the economic crisis of capitalism arises. This crisis occurs when capitalists produce more goods than the market can absorb.
Out of the answer choices provided, the closest option to a Marxist solution to economic crisis of overproduction would be a socialist economy with government ownership of banks and businesses, since this would allow for greater democratic control over the economy and ensure that resources are allocated in the interest of the broader community rather than for the benefit of a small capitalist class. This would also allow for the reinvestment of profits in socially useful sectors, rather than solely for the purpose of generating profit for the owners.
Allowing businesses to go bust would not be a viable solution according to a Marxist perspective, as this would lead to further unemployment and a greater concentration of capital in the hands of the remaining capitalists. Similarly, laissez-faire or free market policies would not address the underlying contradictions of capitalism that lead to economic crises of overproduction.
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