Which factor would cause an increase in the supply of a good? a. expectations of future price increases b. a fall in the price of the good c. input prices rising d. an increase in the number of sellers

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Answer 1

Expectations of future input increases factor would cause an increase in the supply of a good .

What does the supply curve mean?

An illustration of the relationship between a change in the cost of a commodity or service and the volume that a seller supplies is called a supply curve.

                             The horizontal x-axis displays the quantity supplied, while the vertical y-axis displays the price. Typically, a supply curve depicts the relationship between the quantity of goods produced and the price.

What factors lead to a rise in supply?

If the cost of manufacturing is reduced, there will be more profit at a given price, which will encourage manufacturers to create more. More being produced at every price will cause the supply curve to slant to the right, increasing supply.

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Related Questions

How do companies regulate trade?

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Answer:

Explanation: Protective tariffs, import quotas, trade embargoes, and voluntarily restrained exports are the four primary categories. The protective tariff, which is a levy on imported goods, is the most prevalent kind of trade barrier. Tariffs are used by nations to increase income and shield home sectors against international imports that are more affordable.

which one is not correct regarding dell strategy to take direct customer order via phone/internet? question 4 options: building this direct channel required an investment because of the added functions dell must perform. a large part of that cost can be attributed to information the company can respond more quickly to changes in consumer needs. dell can then modify its product offerings to meet these new needs dell is a high responsive company and this responsiveness due to it costs it a lot comparing to other competitors who has the same level of responsiveness dell is able to view the actual consumer demand much sooner than most pc manufacturers.

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The last option is the correct solution to this question here. Dell is able to view the actual consumer demand much sooner than most PC manufacturers.

Dell is one of those manufacturers that sells it's PC's directly to it's end customers but a lot of other companies sell their components through resellers.

American-based technology corporation Dell Inc. It creates, markets, fixes, and supports computers as well as associated goods and services. The parent business of Dell, Dell Technologies, owns Dell.

Dell Inc., originally PC's Limited (1984–88) and Dell Computer Corporation (1988–2003), is a multinational corporation that creates, develops, and produces personal computers (PCs) and a range of associated goods. The business is a major PC provider in the world. The headquarters of Dell are in Round Rock, Texas.

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college tuition: if the student does not live in-state, which symbol in the flowchart should you use to follow the decision symbol? what processes should be in it? diamond: statediscount

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If the student does not live in state we should use the arrow which are the flow lines, to follow the decision symbol in the flow chart.  

If the student has gotten a scholarship and is living outside of the state then the fees should be less than what he or she usually had to pay.

Similarly, if the student hasn't gotten a scholarship and is living out of state, then the fees again should be less than that what had to be paid.

A diagram that depicts a workflow or process is called a flowchart. Another definition of a flowchart is a diagrammatic description of an algorithm or a step-by-step process for solving a problem. The flowchart displays the stages as a series of boxes of varying sizes, with arrows joining the boxes in the correct order.

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What is a relationship formed by a number of independent business owners who join together?

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A franchise is a relationship formed by a number of independent business owners who come together to manufacture and distribute a product or service. Franchising is often used to rapidly expand a business while allowing franchisees to benefit from the franchisor's success.

It is a form of business organization in which the business owner, referred to as the franchisee, pays a fee to the franchisor in exchange for the right to use the franchisor's business model, trademarks and other intellectual property. The franchisee also receives ongoing support from the franchisor such as marketing, training and access to a network of other franchisees.

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The high-low method can be used to estimate the cost equation using just________

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The high-low method can be used to estimate the cost equation using just two points.

What is cost?

Cost, in popular usage, is the financial worth of the goods and services that producers and consumers purchase. The cost price, in accordance with fundamental economic discernment, is an estimation of the substitute opportunities forgone in choosing one good or pursuit over another.

What is the definition of average cost?

Average cost, also known as unit cost, in economics is calculated by dividing the total cost by the quantity of items produced. Additionally, it is the same as the total of average fixed expenses + average variable costs. The time period under consideration may have an impact on average expenses. Average prices are a key element of supply and demand that have an impact on the supply curve.

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19. the work breakdown structure is subdivided into smaller components called: a. work packages b. milestones c. deliverables d. tasks

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The correct option is A, Work packages. A Work Breakdown Structure (WBS) is a tool used to break down a project into smaller, more manageable components. These components are called work packages and represent specific deliverables of the project.

Milestones are also included in the WBS and are used to measure progress and achievements throughout the project. Outputs are the products, services or results that the project produces and are usually the main focus. Finally, tasks are the individual activities that must be performed to complete each work package and deliverable.

Tasks are the smallest elements of the WBS and are usually assigned to a specific person or group. In a nutshell, a WBS is a tool used to break down a project into smaller components such as work packages, milestones, deliverables, and tasks so that it can be more effectively managed and organized.

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which aspects are considered to run a grill factory mention them
hopeu give answers ​

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The product design and the development are considered to run a grill factory

What is considered to run a grill factory?

To run a grill factory, various aspects need to be considered, including:

Product design and development: This includes determining the types of grills that will be manufactured, as well as researching and developing new and innovative designs that meet customer needs and preferences.

Raw materials: The selection of raw materials is critical, as they will determine the quality, durability, and cost of the final product. Factors such as the type of metal used, the thickness of the metal, and the coating applied will all impact the final product.

Manufacturing processes: The factory will need to have the necessary machinery, tools, and equipment to manufacture the grills, including cutting, bending, welding, and finishing equipment.

Quality control: Quality control measures will need to be put in place to ensure that each grill produced meets the required standards and specifications. This may include regular inspections, testing, and measurements.

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duke co. reported cost of goods sold of $270,000 for the current year. additional information is as follows: december 31 january 1 inventory $60,000 $45,000 accounts payable 26,000 39,000 if duke uses the direct method, what amount should duke report as cash paid to suppliers in its current year statement of cash flows? $268,000 $272,000 $242,000 $298,000

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There is no correct answer mentioned in the options. Duke Co. should report $283,000 as cash paid to suppliers in its current year statement of cash flows. This is the correct answer.

To calculate the cash paid to suppliers using the direct method, we need to determine the change in accounts payable during the year.

The change in accounts payable is calculated as:

Accounts payable at the beginning of the year - Accounts payable at the end of the year

= $39,000 - $26,000

= $13,000 decrease in accounts payable

A decrease in accounts payable indicates that cash was paid to suppliers, so we need to add this decrease to the cost of goods sold to get the cash paid to suppliers.

Cash paid to suppliers = Cost of goods sold + Decrease in accounts payable

= $270,000 + $13,000

= $283,000

Therefore, Duke Co. should report $283,000 as cash paid to suppliers in its current year statement of cash flows, which is not among the answer choices provided.

So, none of the options provided is correct.

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ted is the owner and chief executive officer of a business. he recently began an advertising campaign to promote a new product that is regulated by state law. the law is somewhat unclear. before launching the campaign, he researched the relevant law and consulted with his attorney in an effort to comply with the law. nevertheless, the attorney general of his state has filed a lawsuit against him for deceptive advertising. ted's best defense is that: a. he acted in good faith by conducting due diligence and acting accordingly, under an unclear law. b. the law is unfair. c. his attorney was incompetent and he should not be held liable for bad advice. d. his firm made a profit on the product which shows that consumers were happy with their purchase.

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Ted's best defense would be a) that he acted in good faith by conducting due diligence and acting accordingly under an unclear law.

This defence would contend that Ted did not behave fraudulently and made a sincere effort to follow the law. Arguments that the law is unjust, the attorney was ineffective, or the product was lucrative are not acceptable forms of defence since they do not address the crucial issue of whether Ted followed the law in his advertising effort. An integrated marketing communication is made up of a sequence of advertising communications that all have the same idea and topic (IMC). An IMC is a platform where a collection of individuals may amalgamate their views, ideas, and ideologies into a sizable media base.

An advertising strategy is the culmination of a business's outreach initiatives to increase brand recognition and boost sales.

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which two of the following are essential characteristics of a global organization?multiple select question.import from more than one countryhave high levels of ethnic diversity among employees in domestic operationsoperate in more than one countrycompete in more than one country

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Competing in more than one country and operating in more than one country are essential characteristics of a global organisation.

In the world of banking and investing, a global firm is one that has a dominant headquarters but has large assets and facilities spread across several nations. The laws of the nation where a global corporation is incorporated regulate it. Across governmental boundaries, a global firm links its personnel, resources, and opportunities. A multinational firm may be more aware of local prospects and more exposed to risks due to its greater investment in its foreign operations. For instance, a company conducting business in Africa might find itself juggling both its business operations and the effects of a local Ebola outbreak. Born-global businesses start exporting their goods or services a few years after their establishment and may export 25% of their total sales.

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a lead capacity strategy has the advantage of: group of answer choices ensuring adequate capacity during all types of growth. a reduced risk of overbuilding. the ability to put off large investments as long as possible. greater productivity due to high utilization levels.

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A lead capacity strategy has the advantage of Ensuring adequate capacity during all types of growth.

So, the option A is the correct option.

Organizations should ensure that adequate capacity is available during all types of growth by monitoring their current usage, estimating their future capacity needs, and taking steps to ensure that they can meet these needs. This may involve expanding their existing infrastructure, investing in new hardware or software, or outsourcing certain services. Additionally, organizations should ensure they have the necessary personnel and resources to manage any changes or expansions that are required.

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The complete question is:

A lead capacity strategy has the advantage of:

A) group of answer choices ensuring adequate capacity during all types of growth.

B) a reduced risk of overbuilding.

C)the ability to put off large investments as long as possible.

D)greater productivity due to high utilization levels.

ssuming costs remain unchanged, in order for julius tower to break even: a. how many hotel room nights need to be booked per month at $150 per room night? b. what sales price per room night needs to be charged for 16,000 room nights per month?

Answers

The total expenditures and the contribution margin per hotel room night must be known in order to calculate the number of hotel room nights required for Julius Tower to break even each month.

How can it be calculated in detail?

These are the formulas for calculating the contribution margin per room night:

Contribution margin is calculated as Sales Price per Night less Variable Costs per Night.

Contribution margin: $75 minus $150

$75 is the contribution margin.

In order to achieve break-even, the overall contribution margin must match the total fixed costs:

All fixed costs divided by the contribution margin is the break-even point.

$50k / $75 = break-even point

667 hotel nights a month are needed to break even.

For Julius Tower to break even, at least 667 hotel room nights must be reserved each month at a rate of $150 per night.

b. We may apply the same technique as previously, but arrange it to solve for the sales price per room night, to calculate the sales price per room night required to break even when 16,000 room nights are booked every month:

Sales price each night is equal to the sum of the contribution margin and the variable costs per night.

$75 plus ($50,000 divided by 16,000) is the sales price per night.

Nightly rate for sales is $78.125.

Julius Tower must thus charge at least $78.125 per room night when 16,000 hotel nights are reserved each month in order to break even.

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a _______________ leader attempts to empower group members and shares power with them in working toward making critical decisionsTransformationalAutopilotIndependenceInovation

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A transformational leader tries to give group members more authority and shares that power with them in order to encourage critical thinking.

What accomplishes a transformational leader?

A leadership style known as transformational leadership affects both social systems and individual behaviour. In its optimal state, it brings about significant and constructive change in the following with the ultimate objective of transforming followers into leaders. The four characteristics of transformational leadership—idealized influence, inspirational motivation, intellectual stimulation, and individualised consideration—enable leaders to motivate followers to achieve more by focusing on their ideals and assisting in their alignment. It is simple for the followers to trust and believe in a transformational leader. This is also known as charisma, because displaying a charismatic personality has been shown to persuade followers to emulate their leader.

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Initial Franchise Fee vs Royalty Fee: What's The Difference?

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The royalty is compensation for using the franchisor's brand and intellectual property, unlike a franchise fee, which is intended to be a cost centre for franchisors. Additionally, it covers the expenditures of continued education, business support and coaching, and innovation.

What is the definition of "compensation"?

A monetary payment made to a person in exchange for their services is sometimes referred to as compensation. At work, employees receive compensation. In addition to commission and other bonuses or advantages related to the specific employee's function, it also includes pay or earnings. It might boost output, raise job satisfaction, and help fill unfilled positions. The compensation of an employee includes pay, vacation time, sick leave, health insurance, and bonuses. Other incentives like a business car, free parking, free or reduced meals, travel expenses, etc. are also offered.

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rankine company estimates its bad debt expense by aging its accounts receivable and applying percentages to various age groups of the accounts. rankine calculated a total of $4,000 in possible credit losses as of december 31. accounts receivable has a balance of $128,000 and the allowance for doubtful accounts has a credit balance of $500 before adjustment at december 31. what is the amount of the december 31 adjustment to provide for credit losses? $answer what is the net amount of accounts receivable that should be included in current assets?

Answers

The net amount of accounts receivable that should be included in current assets is $124,500.

To determine the amount of the December 31 adjustment to provide for credit losses, we need to compare the existing allowance for doubtful accounts balance to the estimated credit losses as of December 31.

The total estimated credit losses as of December 31 are $4,000. We need to calculate the required balance for the allowance for doubtful accounts, which is the difference between the estimated credit losses and the existing credit balance of the allowance account.

Required balance for the allowance for doubtful accounts = Estimated credit losses - Existing credit balance of the allowance account

= $4,000 - $500

= $3,500

Therefore, the December 31 adjustment to provide for credit losses is $3,500.

To calculate the net amount of accounts receivable that should be included in current assets, we need to subtract the allowance for doubtful accounts from the balance of accounts receivable.

Net amount of accounts receivable = Accounts receivable - Allowance for doubtful accounts

= $128,000 - $3,500

= $124,500

Therefore, the net amount of accounts receivable that should be included in current assets is $124,500.

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managers at the tycho manufacturing are engaged in a complex process of revising their organization's mission and goals and developing corporate strategy, marketing objectives, marketing strategy, and, eventually, a marketing plan. this process is called

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Managers at the Tycho Corporation are engaged in a complex process of revising their organization's mission and goals and developing corporate strategy, marketing objectives, marketing strategy, and, eventually, a marketing plan. This process is called strategic planning.

Strategic planning is the process through which an organization defines its strategy or direction and decides how to allocate its resources to achieve strategic goals. Additionally, it may include control systems for directing strategy execution. The objective of strategic planning is to establish general goals for your company and create a plan to attain them. It entails taking a step back from your day-to-day operations and asking yourself where your company is heading and what its priorities should be.

A business strategy, one of the most popular instances of strategic planning, is intended to improve income and brand recognition. There are several methods to capitalize on growth prospects, ranging from new goods and quality advancements to aggressive marketing and sales strategies.

Managers at the Tycho Corporation are engaged in a complex process of revising their organization's mission and goals and developing corporate strategy, marketing objectives, marketing strategy, and, eventually, a marketing plan. This process is called

a) marketing planning.b) strategic planning.c) marketing strategy.d) corporate strategy.e) strategic business planning.

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T/F: Net operating income computed using absorption costing will always be greater than net operating income computed using variable costing.

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The statement net operating income computed using absorption costing will always be greater than net operating income computed using variable costing is true.

Net operating income determined by absorption costing will never exceed net operating income determined by variable costing. Despite the fixed manufacturing overhead, absorption costing net operating income is higher when inventory rises than variable costing net income.

Deferred in the balance sheet's inventory account. No change in inventories occurs when the number of units produced and sold equals one another. If production outpaces sales, absorption income generates a higher profit than variable net operating. Which decreased cost of goods sold for the current period and consequently increased profit.

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What occurs during the process optimization step of business process management?
Multiple Choice
a. Analysts use flowcharts and other tools to depict workflow.
b. Managers adapt (modify) the process to enhance process performance.
c. The business process execution language engine is run.
d. Managers track the individual components of the process as well as the process as a whole.

Answers

Managers adapt (modify) the process to enhance process performance.

What is business process management?

According to Gartner, business process management (BPM) is the use of techniques to model, analyse, measure, enhance, and optimise company strategy and processes. Although task and project management are frequently mistaken with it, its focus is wider than these related subjects. When compared to BPM, task management concentrates on the overall end-to-end process. Project management relates to a single scope of work, whereas BPM is primarily concerned with repeating processes. Organizations may optimise their whole processes through continual process reengineering, which will boost efficiency and result in cost savings. This idea is not brand-new; BPM approaches include six sigma and lean concepts.

by including tools for decision management, activity monitoring, and sophisticated analytics.

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13. capm and expected return. suppose that the treasury bill rate is 6% rather than the 1% value assumed in table 12.2. use the betas in table 12.2 to answer the following questions. (lo12-2) a. given the assumed risk premium of 7%, how does this change your estimate of the expected rate of return on the market portfolio? b. using your answer to part (a), calculate the expected return on the stocks in table 12.2. c. suppose instead that you continued to assume that the expected return on the market remained at 8% now what would be the expected return on each stock? d. compare your expected returns in part (c) to those in table 12.2. which stocks have a higher expected return? which lower? if you neglect to adjust the forecast of the market return to the change in the risk-free rate, how are your estimates of expected return likely to be biased?

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A change in the risk-free rate affects the expected return on the market portfolio, and hence the expected return for each stock, as calculated using the CAPM model.

a. Assuming the risk premium remains at 7%, an increase in the risk-free rate to 6% from 1% reduces the expected rate of return on the market portfolio from 8% to 7%.

b. Using the new expected return on the market portfolio, the expected return for each stock can be calculated using the CAPM formula.

c. If the expected return on the market remains at 8%, the expected return for each stock would be higher than the ones calculated in Table 12.2.

d. Comparing the expected returns in part (c) to Table 12.2, stocks with a beta higher than 1 have a higher expected return, and those with a beta lower than 1 have a lower expected return. Neglecting to adjust the forecast of the market return to the change in the risk-free rate is likely to bias the estimates of expected return.

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based on table 5-14 annual demand at coolwipes and table 5-15 transportation costs per unit, without using excel solver, can you recommend in what cities should the new plant(s) be built for wipes or ointment? please explain your reasons. what is the annual cost, including fixed costs, variable costs, and transportation costs, of serving the entire nation from chicago? what is the minimal annual cost and in what cities should the plant(s) be built and what product lines should be included? assume that the chicago plant will be maintained at its current capacity. what is the minimal annual cost if chicago does not need to stay open?

Answers

To determine the optimal plant locations, one can use a network optimization model.

This model takes into account the demand for the products, the transportation costs between the potential plant locations and the demand points, as well as the fixed costs associated with building and operating the plants. By solving this optimization model, the optimal plant locations and the associated costs can be determined. Assuming that the demand and transportation costs are the same across the nation, the annual cost of serving the entire nation from Chicago would depend on the fixed and variable costs associated with producing the products in Chicago, as well as the transportation costs to the demand points. These costs can be estimated based on the production and transportation data provided in the tables. To determine the minimal annual cost and the optimal plant locations, one can solve the network optimization model. The model will identify the optimal locations to build the plants, the products to produce at each plant, and the associated costs, including fixed costs, variable costs, and transportation costs. If Chicago does not need to stay open, the minimal annual cost will depend on the costs associated with building and operating the new plants, as well as the transportation costs to the demand points. Again, the network optimization model can be used to identify the optimal plant locations and associated costs.

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you buy a 20-year bond with a coupon rate of 9.6% that has a yield to maturity of 10.6%. (assume a face value of $1,000 and semiannual coupon payments.) six months later, the yield to maturity is 11.6%. what is your return over the 6 months?

Answers

The return over the 6 months is -4.45%. This means that the bond has decreased in value over the 6 months, and the investor has incurred a loss.

To calculate the return over the 6 months, we need to find the price of the bond at the beginning and end of the period. The price of a bond can be calculated using the following formula:

Price = C x (1 - (1 + r)^(-n)) / r + F / (1 + r)^n

where:

C = the semi-annual coupon payment

r = the semi-annual yield to maturity

n = the number of semi-annual periods (in this case, 40)

F = the face value of the bond

Using this formula, we can calculate the price of the bond at the beginning of the period:

C = 0.096 x 1000 / 2 = $48

r = 0.106 / 2 = 0.053

n = 20 x 2 = 40

F = 1000

Price at beginning of period = 48 x (1 - (1 + 0.053)^(-40)) / 0.053 + 1000 / (1 + 0.053)^40 = $834.71

We can then calculate the price of the bond at the end of the period using the same formula, but with a yield to maturity of 11.6%:

C = 0.096 x 1000 / 2

= $48

r = 0.116 / 2 = 0.058

n = 20 x 2 = 40

F = 1000

Price at end of period = 48 x (1 - (1 + 0.058)^(-40)) / 0.058 + 1000 / (1 + 0.058)^40 = $795.62

The return over the 6 months is then calculated as follows:

Return = (Ending price - Beginning price + Total coupon payments) / Beginning price

Total coupon payments = 48 x 2

= $96

Return = (795.62 - 834.71 + 96) / 834.71

= -0.0445 or -4.45%

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if nicolai earns an 12 percent after-tax rate of return, $8,000 today would be worth how much to nicolai in five years? use future value of $1.

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Future Value of $8,000 today would be worth $14,098.40 to Nicolai in five years if he earns a 12 per cent after-tax rate of return.

To calculate the future value of $1, we use the formula:

FV = PV x (1 + r)^n

where FV is the future value, PV is the present value, r is the rate of return, and n is the number of periods.

In this case, Nicolai earns a 12 per cent after-tax rate of return, which we can assume is the annual rate of return. The future value of $1 in five years with a 12% annual rate of return can be found using the following formula:

FV = $1 x (1 + 0.12)^5

FV = $1.7623 (rounded to four decimal places)

To find the future value of $8,000, we multiply the present value by the future value factor:

FV = $8,000 x 1.7623

FV = $14,098.40

Therefore, $8,000 today would be worth $14,098.40 to Nicolai in five years if he earns a 12 per cent after-tax rate of return.

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The world flow of foreign direct investment between 1990 and 2017 increased 600 percent. If a company decides to establish a new operation in a foreign country, that company has engaged in Multiple Choice - greenfield investment - an acquisition - a franchise artangement
- a licencing arrangement

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The world flow of foreign direct investment between 1990 and 2017 increased 600 percent. If a company decides to establish a new operation in a foreign country, that company has engaged in "greenfield investment". The correct option is A.

The greenfield investment is the type of investment in which the foreign direct investment that parent company makes the subsidiary in the different company building its operations from the ground rise.

The benefits of Foreign Direct Investment (FDI) is  Capital inflows create higher output and jobs,  Capital inflows which can help the  finance of  a current account deficit and Long-term capital inflows are more sustainable than short-term portfolio inflows.

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The practice of businesses paying bloggers to write positive comments about the business is called ______.

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The practice of businesses paying bloggers to write positive comments about the business is called  Paid endorsement or sponsored content.

Sponsored content is top-notch content that support pays a distributor to make and disseminate. A kind of local promoting is steady with the encompassing substance on a website page.

All in all, supported content is a promotion that seems as though it should be there - it seems like a characteristic fit for a stage, rather than an obtrusive commercial. At its centre, supported content is straightforward: Two brands structure a supported substance organization - the promoter pays for the substance, and another brand, virtual entertainment powerhouse, or distributer shares it.

As a matter of fact, supported content is easy to such an extent that it's been around for north of 100 years. Also, it began with soap operas.

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the mountain springs water company has two departments, purifying and bottling. the bottling department had 2,790 liters in beginning work in process inventory (30% complete). during the period 61,170 liters were completed. the ending work in process was 5,860 liters (70% completed). all inventories are costed by the first-in, first-out method. what is the total equivalent units for direct materials (using the fifo method) if materials were added at the beginning of the process?

Answers

We must add the equivalent units for direct materials for the units finished and in the ending work in progress inventory in order to get the total equivalent units for direct materials using the FIFO approach.

The cost of goods sold (COGS) and the value of inventory are tracked using the first-in, first-out (FIFO) approach of inventory valuation. According to FIFO, the cost of goods sold is calculated using the cost of the oldest inventory since the first products bought or manufactured are also the first ones to be utilised or sold. This results in a more realistic picture of current inventory expenses since it leaves the newest inventory to be utilised or sold at the conclusion of the accounting period. FIFO is a widely established accounting technique that may be utilised for both completed items and raw materials, making it useful in a wide range of sectors.

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jackie purchased a condominium, a private entity. when she bought it, she realized the homeowner's association had a variety of rules and regulations that she would need to follow. one regulation was that no children were allowed to live in the complex. two years after buying the condominium, jackie gave birth to a child. she was immediately served with papers notifying her to move out of the complex. discuss the constitutionality of the homeowner association's action. do not discuss fair housing laws.

Answers

Jackie was educated preceding purchase of the condo of all principles and regulations and agreed to them. The "no youngster" rule was not enacted after her purchase.

She is obligated to keep the guidelines and has no safeguard for not doing as such.

A Condominium is a private property and not the Government one. Constitution gives insurance to Government not the private parties. Jakie is adult and already knew the principles and regulation of condominium. She shouldn't have baby and presently assuming she has baby so she has to leave the condominium.

The action of property holder's association is not the Government one so Jakie cannot be furnished with any constitutional action.

Jakie has to get out from the condo and on the off chance that she wants, she can employ a lawyer and document a case. She has to pay the lawyer as this case is not a contingency case.

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on february 1, a customer's account balance of $4,100 was deemed to be uncollectible. what entry should be recorded on february 1 to record the write-off assuming the company uses the allowance method?

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On February 1, a customer's account balance of $4,100 was deemed to be uncollectible. Debit Allowance for Doubtful Accounts $2,300 and credit Accounts Receivable $2,300.

If a certain customer's accounts receivable is recognized as uncollectible, the amount is written off by deleting it from Accounts Receivable.

Only balance sheet accounts are affected by the entry to write off a bad account: a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable.

Because this write-off is "covered" by earlier adjusting entries for expected bad debts expenditure, no expense or loss is indicated on the income statement.

Let's take a look at an example of a write-off. On June 3, a customer purchases $1,400 in products from Gem Merchandising Co. on credit. On August 24, the same customer alerts Gem Merchandising Co. of its bankruptcy filing.

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if quantity demanded responds substantially to a relatively small change in price, demand is: group of answer choices price-elastic. price-inelastic. positively sloped. insensitive to changes in price.

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If quantity demanded responds substantially to a relatively small change in price, demand is price elasticity

The price elasticity of demand is the ratio of a product's percentage change in quantity demanded to its percentage change in price. It is a price-based indicator of how responsive client demand is for a product. In general, the absolute value of the number is more than one for a relatively inelastic product and less than one for a very elastic one. Markets are often relatively elastic, which means that modest price changes induce substantial changes in demand. Businesses utilize price elasticity to assess their market performance and alter their prices accordingly.

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which ethical approach typically focuses on the attainment of fair and equitable distribution of economic

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The Justice theory is an ethical approach that proposes that decision makers be fair, honest and impartial in sharing costs and benefits.

Justice Theory aims to achieve an equitable distribution of economic goods and services. A just distribution is a distribution that is considered fair and equitable.

Justice as an ethical approach is that all people in society are treated equally, regardless of rank, position, class, creed or race. This is also referred to as the fairness approach in economic ethics theories.

This approach states that those who perform well should be rewarded according to their performance. Favoritism should not be encouraged within the organization.

The four components of organizational justice are:

distributive, procedural, interpersonal, and informational.

The research also emphasizes the importance of affect and emotion in assessing the validity of a situation and behavioral and attitudinal responses to a situation.

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Roberto can read for the next hour or watch tv. He chooses to read. It follows that a. The foregone benefits of reading are roberto's opportunity cost of watching tv. B. Roberto's opportunity cost of reading is zero. C. Roberto's opportunity cost of reading is negative. D. The foregone benefits of watching tv are roberto's opportunity cost of reading

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In the given situation (D) reading represents a greater opportunity cost for Roberto than watching television.

What are the opportunity cost and the foregone benefits?

The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory.

More precisely, it means you forfeit the chance to engage in a different activity if you choose one activity (for instance, an investment).

This benefit you forgo can be considered a cost to you associated with making your decision; in the study of economics, this cost is known as an opportunity cost.

The gain foregone in relation to the alternative choice when a decision is taken is what is known as opportunity cost.

Therefore, in the given situation (D) reading represents a greater opportunity cost for Roberto than watching television.

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