The values of economic surplus is computed by remove in the actual selling price from the market price and the price a consumer is willing to pay.
What is economic surplus?
Economic surplus occurs when both consumer and producers are both benefiting from surplus.
This period they are both happy and satisfied.
Therefore, It is computed by remove in the actual selling price from the market price and the price a consumer is willing to pay.
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2. Which type of customer do business marketers NOT serve
The business marketers do not serve consumers who purchase products and services for their end-use.
Who are business marketers?These are entities that sell products/services to other companies that resell or uses them to support their works.
Hence, these business marketers do not serve consumers who purchase products and services for their end-use but they serve other business organizations.
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Whether supplier-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of a. whether the profits of suppliers are relatively high or low. b. the average number of suppliers that each seller/industry member purchases from. c. how aggressively rival industry members are trying to differentiate their products. d. whether demand for supplier products is high and they are in short supply. e. whether the prices of the items being furnished by the suppliers are rising or falling.
The supplier-seller relationships can bring about competitive pressure, which is determined by whether demand for supplier products is high or are not much available.
What are competitive pressures?competitive pressure are those pressures that are been faced by a company from their competitors in the market.
When the demand for supplier products is high, then there is a strong source of competitive pressure.
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suppose a small economy produces only the three goods listed in the the table above. what is the value of gdp in this economy?
Suppose a small economy produces only the three goods listed in the table below, the value of GDP in this economy is $27,000.
What is GDP?GDP means Gross Domestic Product.
The GDP shows the monetary value of all finished goods and services produced in a country during a specific period.
Data and Calculations:GDP Table
Product Price Quantity Total Value
Shovels $20 40 $800
Books 50 500 $25,000
Pizzas 10 120 $1,200
Total GDP = $27,000
Thus, suppose a small economy produces only the three goods listed in the table below, the value of GDP in this economy is $27,000.
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_____ is the most common, real-world method of estimating projects. Group of answer choices Delphi Technique Time Boxing Bottom-Up Estimating Guesstimating Top-Down Estimating
Bottom-Up Estimating is the most common, real-world method of estimating projects. Option c is correct.
What is the bottom up estimating technique?This is the term that is used to refer to the estimation of work by making use of the details that are the possible least.
This method is known to be the most common method that is made use of while going through real world projects.
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Tony is giving a presentation about needed repairs to the exterior of the small condo building where he lives. He is speaking to other residents at a meeting in the building. In introducing his presentation, he notes how the building's appearance can directly affect the property value of each of their condos. How has Tony gained interest for his presentation
Tony has been able to gain the interest of his audience for his presentation by relating the topic to the audience.
What method did Tony use to gain attention?It is a fact that people would be more likely to listen to you if what you're telling them affects them directly.
Tony took advantage of this by talking about how his presentation affects the property value of his audience which led to them being more attentive.
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which of the following is the best example of a law
A You can spend more money than you earn
B teachers must retire at age 65
C you should not make promises you can't keep
D you may not ask an interviewee if he or she is married or has children
You may not ask an interviewee if he or she is married or has children is the best example of a law.
Thus, the correct option is D.
What is a law?The exact meaning of law is up for debate, but it is generally understood to be a set of regulations that are made and enforced by social or governmental institutions to control behavior. It has been called both a science and the practice of justice in diverse contexts.
A law society is an organization of attorneys having the authority to regulate the education, certification, and behaviour of attorneys. Where there is a distinction between barristers and solicitors, the law societies govern solicitors and a separate bar council regulates barristers.
Federal laws are measures that have been approved by both houses of Congress, have the president's signature, have overridden the president's veto, or have otherwise been given the go-ahead to become law. In the United States Code, individual laws, sometimes known as acts, are organized by subject.
The legislation has several objectives. Establishing norms, upholding order, settling conflicts, and defending liberties and rights are the four basic ones.
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If the mortgage loan is 80% of the appraised value of a house, and the interest rate of 8% amounts to $460 interest for the first month, then what is the appraised value of the house?
The appraised value of the house is after calculating interest and the value is $86,250.
What is appraised value?A qualified appraiser or valuer's assessment of the assessed value of the real property is what is meant by an appraised value or mortgage valuation. It is typically utilized as a pre-qualification criterion and risk-based pricing component in connection with a financial institution's issuance of mortgage loans.
Calculation of appraised value of the house:
First, calculate the yearly interest. $5,520 in interest total every year ($460 x 12). Take a loan for $69,000 at an interest rate of.08 on $5,520. Next, subtract $86,250 from $69,000 to get the appraised value.Hence, the total appraisal value is $86,250.
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In enterprise systems, supply chain management is tied to the conversion of ______ to finished product
In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.
What are raw materials?This are materials that are used in production process to manufacture a product.
Raw materials are often transformed to finished product that is purchased by consumers.
Supply chain monitor the activity of converting raw material to finished product.
Therefore, In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.
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During the current year, a company had sales on account of $264,000, cash sales of $108,000, and collections on account of $168,000. In addition, the company collected $2,900 from a customer whose account the company had written off as uncollectible in the prior year. As a result of these transactions, the current year's change in the accounts receivable balance is a Group of answer choices
As a result of these transactions, the current year's change in the accounts receivable balance is an increase of $96,000.
What is the accounts receivable balance?The accounts receivable balance is the difference between credit sales and cash collections on account, including other relevant adjustments.
The accounts receivable balance is one of the items of the current assets in the balance sheet.
Data and Calculations:Credit Sales = $264,000
Cash Sales = $108,000
Collections on account = $168,000
Change in accounts receivable balance = $96,000 ($264,000 - $168,000)
Thus, as a result of these transactions, the current year's change in the accounts receivable balance is an increase of $96,000.
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norma inc. uses the perpetual inventory system. when the company records a sale, it should make entries to:
The fact that Norma Inc. uses a perpetual inventory system means that when a sale is recorded, the company should:
b. decrease an asset and increase an expense.c. increase an asset and increase revenue.What happens when a sale is made?The revenue account should be increased because a sale brings money into the business. Cash or Account Receivables should also increase depending on is the sale was a cash or credit sale.
Cost of goods sold would increase as well and it is an expense. The asset of inventory would decrease to show that there is less inventory on account of the sale.
Options for this question are:
a. decrease an asset and decrease revenue
b. decrease an asset and increase an expense
c. increase an asset and increase revenue
d. increase an asset and decrease an expense
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the primary reason that governments tax economic activity is:
The primary reason why the government taxes economic activities is to generate revenue in order to pay for services rendered t the citizens.
What is Tax?Tax is a mandatory financial charge or levy imposed on taxpayers by a governmental organization in order to generate revenue to fund government spending.
Taxes are imposed on economic activities primarily to generate revenue for the government and fund government spending. Thes taxes are used to build infrastructures and pay workers.
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Maricel’s new job with the federal government provides a comfortable and stable income. She would like to buy a new car now that she has a job; however, maricel hesitates to purchase a new car because she is concerned about how poor economic conditions may affect her position in the future. Maricel lacks _______.
Answer:
Willingness to spend
Maricel now has a new job and has a steady income flow as well. She wants to buy a new car, but is concerned abou how economic conditions may affect her position in the future. Nobody can predict the future, and she has no evidence that there will be poor economic conditions in the future, but is still concerned. This is because she lacks Willingness to Spend.
Which type of market is the one in which a person buys stock in the fast-food company that makes their favorite breakfast sandwich?
a. Product market
b. Factor market
c. Financial market
d.Closed market
Answer:
C. Financial market
Explanation:
Anything that has to do with stocks is part of the Financial Market.
Answer: C: Financial Market
Explanation:
Question 1 the process in itil where changes are released to an it environment is called what?
A Release Management means the process in ITIL where changes are released to an IT environment.
What is a Release Management?This management in ITIL focuses primarily on the quality and customer experience while also promoting cost-effective business practice.
Hence, this management is the the process in ITIL where changes are released to an IT environment.
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During delivery of a 2023 ariya equipped with propilot assist 2. 0, what should you point out to your customers about the turn signal stalk?.
As a sales person, one should point out the benefits of the of the car to the customers..
What should you point out to your customers about the turn signal stalk?This is a business question that relates to how you wan to market the benefits of a product to your clients. In this case the Product is the SUV - Ariya by Nissan.
The focus should be on the benefits of the Turn Signal Stalk to the customers not on the technology involved in the process.
That way, you customers can connect more with what they stand to get rather than how you created the utility.
The Turn Signal Stalk is a button that makes it easy to navigate the vehicle. Pushing it up is for a right turn, while pushing it down is for a left.
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Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be ______ than they would otherwise be. This results in consumers buying ______ output.Multiple choice question.
Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be higher than they would otherwise be. This results in consumers buying less
What are barriers to trade?
Barriers to trade refers as certain hurdles which restrict an individual or organisation to practice trade activity effectively. These barriers can be regulatory barriers, physical barriers and so on.
These trade barriers are launched to support small-scale business and introducing jobs in the industries to prevent unemployment.
These trade barriers results in high prices in the market due to reduce amount output supplied by foreign companies. This will result in less buying behaviour by consumer.
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_______________ is the value of the best alternative given up when a choice is made.
Answer:
Opportunity costs
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a good marketer can identify potential opportunities by paying close attention to environmental ________; it is important to continuously monitor the business environment in which a company operates.
Paying close attention to environmental factors leads to potential opportunities for a good marketer. Such factors include market competition, consumer demand, etc.
What are the factors affecting marketer success?
The followings are factors affecting marketer success:
Economic EnvironmentMarket CompetitionLegal EnvironmentDemographic FactorsThus, there are many other factors that good marketers need to focus on so that they can identify potential opportunities.
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A good marketer can identify potential opportunities by paying close attention to environmental factors it is important to continuously monitor the business environment in which a company operates.
What is business environment?Business Environment can be referred to as the collection of all internal as well as external factors that can affect the business.
These factors could be:
employees customers needs expectations supply and demandRead more on business environment here:
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beginning inventory plus net purchases is:
Answer:
merchandise available for sale , also known as cost of goods available for sale
Explanation:
you can use this formula to understand better :
Cost of Goods Available for sale = Opening Saleable Inventory + Finished Goods Produced during the period + Any Merchandise Acquired during the period.
Hope this helps...
Beginning inventory plus net purchases provides the available inventory for sale or also known as the cost of goods available for sale.
If the cost of goods available for sale is deducted from closing inventory then it will provide the cost of goods sold during the period.
Inventory is the current asset for a company
What is Inventory?
Inventory is the sum of products that are manufactured by an organization to be sold to consumer at a market price.
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You own land worth $44,000 and your building has a replacement cost of $160,000. What would be the value of the property if the appraiser used depreciation of 30 percent
The value of the property after the depreciation of 30% is $156,000.
What is depreciation?An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.
Calculation for the value of property after depreciation:
The added value of the land is $44,000.
The replacement cost of the building is $160,000.
There is a depreciation of 30% of $160,000.
(30×160,000)/100 = 48,000
$160,000 replaced cost - depreciation of $48,000 = $112,000.
The total cost = $112,000 + $44,000
= $156,000
Therefore, the total value of the property after 30% depreciation is $156,000.
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Diamond Line is a distributor of everything a florist needs to create a beautiful arrangement except the flowers. It sells to 10,000 flower and gift shops and 3,000 supermarkets nationwide. Each florist is called on four times a month, and each supermarket is called on twice a month. A sales call to a florist takes one hour, and a sales call to a supermarket takes two hours of selling time. An average salesperson spends 1,000 hours per year making sales calls. Calculate the number of salespeople Diamond Line needs to cover its account base for a year.
184 salespeople are needed to cover its account base of a year.
What is a sales call?A sales call is, at its most basic, a discussion between a salesman and a potential customer regarding the acquisition of a good or service. These calls, which are typically performed in person or over the video, have a number of different components, including the rep's initial agenda-setting, the product pitch, a demo, prospect objections and the rep's responses, negotiation, and the outlining of the next steps. A sales representative should aim to end each sales contact with a verbal commitment to buy from the prospect.Solution -Florist = 10,000. Each is called 4 times a month for 1 hour.
Supermarket = 3,000. Each is called 2 times a month for 2 hours.
The average salesperson spends 1,000 hours making sales per year.
The number of salespeople needed will be calculated as follows:
Florist = [tex]4 * 4 * 10,000 = 160,000[/tex]
Supermarket = [tex]2 * 4 * 3,000 = 24,000[/tex]
Florist + supermarket / average time of salesperson
[tex]\frac{160,000+24,000}{1,000} = 184[/tex]
Therefore, 184 salespeople are needed to cover its account base of a year.
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Studio Films is considering the purchase of some new film equipment that costs $150,000. It has a 5 year useful life with no salvage value. The new equipment is expected to increase revenues by $115,000 annually. Annual incremental cash operating expenses are expected to be $40,000. The simple rate of return of the equipment is
The simple rate of return to Studio Films on its film equipment based on its cost will be 30%.
What is the simple rate of return?Find the annual income:
=Revenue - Expenses - Depreciation
= 115,000 - 40,000 (150,000 / 5 years)
= $45,000
The simple rate of return is:
= 45,000 / 150,000 cost
= 30%
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Product differentiation by incumbents acts as an industry entry barrier because: new entrants will not have the technological capability to differentiate their products. incumbents will take legal action if new entrants do not differentiate their products. it helps a firm to derive greater economies of scale. new entrants will have to spend heavily to overcome existing customer loyalties.
Product differentiation by incumbents acts as an industry entry barrier because (D) new entrants will have to spend heavily to overcome existing customer loyalties.
What is product differentiation?A marketing tactic called "product differentiation" aims to set a company's goods or services apart from those of its rivals. Identifying and articulating a product or company's distinctive traits while stressing the key distinctions between that product or company and its rivals are necessary for successful product differentiation. Creating a compelling value proposition and product differentiation work hand in hand in order to make a product or service appealing to a target market or audience.If done well, product differentiation can give the seller of the product a competitive edge and ultimately increase brand recognition. The quickest high-speed Internet service or the most fuel-efficient electric car on the market are two examples of distinct products.Therefore, product differentiation by incumbents acts as an industry entry barrier because (D) new entrants will have to spend heavily to overcome existing customer loyalties.
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You work at an agency and one of your clients wants to track performance by product category (ex: apparel) and gender. They already passed the optional and required attributes for apparel in the product feed. How could they achieve granular reporting
The inference is that they can achieve granular reporting by minimizing the time used.
What is an inference?An inference is the conclusion deduced based on the information given in a sentence.
In this case, the inference is that they can achieve granular reporting by minimizing the time used.
This relates to the minimum time intervals at which then data will be reported.
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Tammie was communicating to her employees the proper way to handle abuse in the workplace. one individual kept interjecting comments while tammie was speaking. this behavior is known as ______ and can be a serious barrier to effective communication.
The behavior of Tammie when he was talking to employees and one individual kept interjecting comments is known as interruption and can be a serious barrier to effective communication.
What is an effective communication?An effective communication is one whereby the speaker as well as the audience is able to communicate the message in an effective way.
It involves the audience to be able to receive the message the is been pass across without any barrier between the speaker and the audience.
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When changes occur because of stock receipts and disbursements, scrap losses, wrong parts and canceled orders, the real-time file capturing these changes is called the Multiple choice question. bill-of-material file. peg record file. inventory transactions file. inventory backlog file.
Changes in stock receipts and disbursements as well as canceled orders, are captured by the inventory transactions file.
What does the inventory transactions file do?
It is used to record entries that have to do with the inventory of a company such as stock disbursements for sale.
Other entries relating to inventory that it manages include canceled orders and stock receipts when initially purchased or transferred.
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Linking executive pay to stock price can have the unintended result of rewarding: Multiple Choice ethical behaviour. unethical behaviour. investing in new technology.
Linking executive pay to stock price can have the unintended result of rewarding unethical behavior. option b is correct.
What are unethical behaviors?This is a term that is used to refer to the set of behaviors that are carried out in the corporate setting which go against the norms of the organization.
Doing such a linking has a way of rewarding the unethical behavior of the people in the work place.
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According to the law governing mortgage loan brokers, what is the maximum commission Broker Dan can charge for securing a $15,000 second mortgage for a period of 4 years?
From the law on the mortgage brokers, the maximum commission that is charged would be 10 percent of the principal loan because the loan ahs a period of more than 3 years.
Who is a mortgage broker?This is the term that is used to refer to the intermediary or the middle man that brings mortgage borrowers and lenders together.
The fee or the commission that they have to earn based on the fact that is for 4 years would be 10 percent.
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24. Megan plans the facility layout of her new shop that would sell a variety of healthcare industry machines. She arranges the machines in a way that the machines are grouped according to their functions. Which of the following types of facility layouts has Megan used in her shop? a. A process layout b. A product layout c. A cellular layout d. A fixed-position layout ANSWER: a
Based on the fact that Megan arranged the machines according to their functions, this is A. Process layout.
What is a process layout?This is a way of arranging a shop or factory where machines and equipment are arranged according to their function.
Megan arranged her machines according to how they function so that she can be able to move from one station to another. This is therefore a process layout.
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Any model is based on making assumptions because
Generally, the economic model is based on making assumptions because of an inability to analyze economic issue unless the complexity is reduced and the models have to be simplified to make it useful.
What is an economic model?This refers to a simplified description of reality that is designed to yield hypotheses about economic behavior that can be tested.
However, this economic model is based on making assumptions because of an inability to analyze economic issue unless the complexity is reduced and the models have to be simplified to make it useful.
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