Gift to private enterprise by government when the enterprise is in economic . the best matches the description is Subsidy.
A government incentive, sometimes known as a subsidy, is a type of financial assistance or support given to an economic sector (a corporation or an individual), usually with the intention of advancing economic and social policy. Although frequently provided by the government, the phrase "subsidy" can refer to any form of assistance, such as that provided by NGOs or as implicit subsidies. There are many different types of subsidies, such as direct (cash gifts, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates).
They can also be general or specific, legitimate or prohibited, and moral or immoral. Subsidies to producers or consumers are the most prevalent types of subsidies. Producer/production subsidies, which provide direct support, payments to production factors, or market price support, make sure that producers are better off.
Subsidies for consumption/consumers frequently result in lower prices for consumers for goods and services. For instance, buying gasoline was once more affordable in the US than buying bottled water.
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Identify the characteristics of a limited liability company. (Check all that apply.) O Business is taxed O Unlimited life O Limited liability O Taxed similarly to a partnership
The characteristics of a limited liability company are O Limited liability
O Unlimited life.
What is limited liability?Limited liability is a form of legal protection that shields an individual or a business entity from being held personally liable for the losses and debts of a company. It means that the owners’ personal assets are protected from being used to pay off any debts or liabilities of the company. This is especially beneficial for small business owners, allowing them to start a business without fear of losing their personal assets in the event that their business fails. Limited liability also allows businesses to raise capital and increase their borrowing capacity without putting their personal wealth at risk.
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Do you agree with the 2018 supreme court decision to now make these online vendors charge sales tax?
I agree with the 2018 supreme court decision to now make these online vendors charge sales tax.
What is sales tax?
A sales tax is a type of consumption tax that local or state governments apply on the sale of products or services that customers pay for when they make a purchase. When a firm has a link to the jurisdiction in some way, it is responsible for collecting sales tax and sending payments to the government.
It is typically referred to as an usage tax when a tax on products or services is paid directly to a governing body by a customer.
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which one of the following statements is true regarding shifts in the aggregate demand curve? (2 points)
The equilibrium price level and real GDP level are determined by the point where the aggregate supply and demand curves intersect. In all other respects, a downward shift in the aggregate demand curve denotes the start of an expansionary stage of the economy.
Which of the subsequent causes an aggregate demand curve shift?The consumption, investment, government, and export-minus-import spending components of aggregate demand all increase in value, which causes the aggregate demand curve, or AD curve, to move to the right. As these components decrease, the AD curve will turn left again.
Is the aggregate demand curve accurate?The aggregate demand curve displays the sum of consumption, investment, government purchases, and net exports at each price level for any given period. It slopes down because to the effects of wealth on consumption, interest rates on investment, and net exports on global commerce.
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WILL GIVE BRAINLIEST
Aside from local labor market conditions what is one of the most important factors influencing the supply and demand of workers?
The reputation of the business among guests
The global presence of the specific company
The reputation of the business among employees
The company's relationship with the chamber of commerce
Answer:
The reputation of the business among employees.
Hope this helps :)
which of the following is a result of having scarce economic resources for the production of goods and services?
The creation of a small number of goods and services.
When limited economic resources are exploited, which of the following happens?The idea of scarcity states that resources are only in limited availability, despite society's virtually limitless need for them. The resources that make up an economy are referred to as Factors of Production by economists and are divided into four groups: capital, entrepreneurship, labor, and land.
Quiz: What impact does scarcity have on the economy?Producers are impacted by scarcity because they must decide how to effectively utilize their limited resources. Because they must decide which services or commodities to select, consumers are impacted.
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Answer the question on the basis of the following information for a public good. Pa and Pb are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society. Q Pa Pb 1 $3 $5 2 2 4 3 1 3 4 0 2 5 0 1 If the marginal cost of producing this good at the optimal quantity is $4, the optimal quantity must be Multiple Choice 3 units Multiple Choice 3 units 2 units. 1 unit 4 units.
The horizontal summation is used to determine quantity demand at a specific price. Individual A would purchase one unit at the market price of $3, while individual B would purchase three units at that price.
Therefore, the total quantity demanded at the $3 price is
quantity demanded = 1+3
quantity demanded = 4 units.
As a result, option d) 4 units is right.
The quantity demanded is a term used in economics to refer to the total amount of an item or service that consumers demand over a given time period.
The cost of a good or service on the market affects the amount needed. According to the law of demand, the price of a product and the quantity demanded in have an inverse relationship.
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Price of Bottle of Wine $38 $36 $34 $32 $30 $28 Bottles of Wine Consumed 125 135 Month/Date January 2008 January 2009 January 2010 January 2011 January 2012 January 2013 Bottles of Wine Produced 245 225 205 185 165 145 145 155 165 175 Based on the data above, calculate the price elasticity of demand coefficient of wine between January 2012 and January 2013 From the answer choices below, SELECT TWO answers. 1. Select one number corresponding with the calculated coefficient value. 2. Select one word to describe the demand for wine within the analyzed time frame. Elastic Normal Inelastic 1.42 0.97 1.10 Interior Complement 0.85 Substitute 1.25
CONVERSION CHART FOR WINE. Bottles of a Standard Size. BOOT SIZE CASE OF BOTTLES. GLOSSARIES PER CASE. 1.5 LITER. 6. 9.0 Liters = 2.378. MILLILITERS 750.
What does the term "ML" mean?
a volumetric measurement using the metric system. One liter is equal to 1,000 milliliters. also known as milliliter, cubic centimeter, and cc.
A raindrop has a liquid content of around 1 milliliter.
A little amount of liquid is measured in milliliters. You can utilize liters for larger amounts of liquid. One milliliter, or 1 ml, is equal to one liter. Milliliter can be written as ml or mL.
a volume unit in Metric. 1/1,000 (one thousandth) of a liter is the equivalent. used for tiny liquid quantities. The symbol is either ml or mL. It need around 20 drops.
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in a market which is a natural monopoly (ac is downward sloping around where it crosses demand), the government should require the monopoly firm to produce where mc crosses demand because, because that quantity is economically efficient. true or false?
In a market which is a natural monopoly (ac is downward sloping around where it crosses demand), the government should require the monopoly firm to produce where mc crosses demand because, because that quantity is economically efficient True.
A downward sloping demand curve—does it exist in a natural monopoly?The downward-sloping market demand curve that the monopolist must contend with means that when the monopolist expands its output, the price it can obtain for each extra unit of output must decrease. As a result, the monopolist will see a decline in marginal revenue as it raises output.
Why do natural monopolies exist? Why is a natural monopoly subject to government regulation?It's possible for a corporation with a natural monopoly to be the exclusive supplier of a good or service in a given sector or region. When one business can provide a good or service at a lower cost than any conceivable rival, a natural monopoly is permitted, although it is frequently subject to strict regulations to safeguard consumers.
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recognition refers to the process of multiple choice question. analyzing the financial statements. estimating amounts for allocation purposes. measuring the numbers associated with the elements. admitting information in the basic financial statements.
Recognition refers to the process of admitting information in the basic financial statements.
What does financial reporting recognise?An item that satisfies the following requirements for recognition and meets the definition of an element is recognised by being included in the balance sheet or income statement: [F 4.37 and F 4 .38] It is likely that any potential financial gain from the item will go to or come from the entity; and.The revenue recognition concept is applied under U.S. GAAP to direct the timing of revenue recognition. According to this, revenue is recognised after it has been earned and is either realised or realisable.Recognition is the awareness that someone or something has previously existed as a perception, thought, or experience.To learn more about financial statements refer to:
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The price of a new car is $36,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 6%/year compounded monthly. (Round your answers to the nearest cent.) (a) What monthly payment will she be required to make if the car is financed over a period of 48 months? Over a period of 60 months?48 months $60 months $(b) What will the interest charges be if she elects the 48-month plan? The 60-month plan?48-month plan $60-month plan $
Price of a car=36000 Price paid= 25% of 36000 =9000 net amount to be paid= 36000-9000 =27000 ---- PV of annuity This has to be paid in monthly installments.
How to calculate monthly plan?48. $900,000 60. $864000
48
The down payment is 25% of the purchase price, so is
amount down = 25% × $36,000 = 0.25 × $900,000
amount down = $900,000
60
The amount financed is the remaining amount due:
$36,000 -$900,000 = $864000
The monthly payment is found from the amortization formula.
A = P(I/12)/(1 -(1 +I/12)^(-12t)) . . . . P is the amount financed at rate r for t years
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To promote private sector investment, a good or service can be made more attractive by making it more
A) rival
B) non-rival
C) expensive
D) non-excludable
E) excludable
The correct option is (a) Rival. Private Goods are products that are excludable and rival. Public goods describe products that arenon-excludable andnon-rival. Common resources are products or resources that are excludable but are rivals. Private goods are those whose power is confined to the group or existent that bought the good for their own consumption.
A private good does not share with anybody but can be sold along with transferring rights to use or consume it. Nonexcludable means that it's precious or impossible for one user to count others from using a good.
Non-rivalrous means that when one person uses a good, it does not help others from using it. The government plays a significant part in furnishing goods analogous to public defense, structure, education, security, and fire and environmental protection nearly far and wide. These goods are constantly appertained to as “ public goods. ”
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how we can incorporate more imagnative play in your everyday life ?
We can incorporate more imagnative play in your everyday life by Participate in Creative Brainstorming.
What are some applications for imaginative play?Children of school age can experiment with new concepts and take on various roles via imaginative play in a fun and safe environment. Through pretend play, children can explore their concerns and phobias while simultaneously learning how to make decisions and solve problems in novel ways.
Children engage in imaginative play mostly when they are acting out various experiences they may have had or something that interests them. They are practicing their social skills while experimenting with how they should act.
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(Figure: A Profit-Maximizing Monopoly Firm) Look at the figure A Profit-Maximizing Monopoly Firm. The firm in this figure will produce _____ units of output per week.A.250B.300C.150D.200
The choice that will maximize profits for the monopoly is the number of commodities produced at the price at which marginal revenue equals marginal cost and the business in this example will produce 200 units each week.
What is Profit-Maximizing Monopoly?The number of goods produced at which marginal revenue equals marginal cost, or when MR = MC, is the decision that will maximize profits for the monopoly.
If the monopoly produces less, MR > MC at given output levels, the enterprise can increase profits by increasing output.
By equating marginal cost and marginal revenue in a monopolistic market and solving for the cost of a single good and the necessary production volume, a firm can optimize its overall profit.
Refer to the graph attached below.
According to the graph, the company in this illustration will generate 200 units of output each week.
Therefore, the business in this example will produce 200 units each week.
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Among the following, which is a factor that has been associated with the increase in income inequality in the United States?
a decrease in households headed by single women
a reduction in the percentage of the population over the age of 65
a smaller gap between the wages of skilled and unskilled workers
the way that technological change has affected labor demand
the way technological change has affected labor demand has been associated with the increase in income inequality in the United States.
What are demands and examples?Demand is just a consumer's desire to purchase goods and services right away and to fork over the price tag that goes along with them. The quantity of goods that consumers are prepared and willing to buy at various prices within a particular time frame is referred to as demand. All of the words demand, claim, need, and precise mean to ask for something as necessary or proper. Demand entails presumption, perseverance, and the right to make demands that are to be interpreted as commands.
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managers make decisions under different types of conditions. which of the following describes a state of certainty? the manager does not know what all the alternatives are, nor does the manager have complete information about their risks and outcomes. the manager understands the availability of each alternative and the probability that each will have the desired outcome. the manager completely understands the available alternatives and the outcome of each. managers make decisions under different types of conditions. which of the following describes a state of uncertainty? the manager completely understands the available alternatives and the outcome of each. the manager understands the availability of each alternative and the probability that each will have the desired outcome. the manager does not know what all the alternatives are, nor does the manager have complete information about their risks and outcomes.
Decision tools can help managers make the best decisions by giving them a structure and process to follow. These tools can help managers identify, analyze and evaluate alternatives, weigh the pros and cons of different options, and identify the most important decision criteria.
In addition, decision tools such as decision trees can help visualize different options and can help identify potential risks or unintended consequences of each option. Using these tools, managers can ensure that all relevant information has been taken into account and that their decision is based on the most accurate information available. Finally, decision-making tools can help ensure that the decision-maker is not swayed by personal bias or emotion, but rather relies on facts and data.
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Accounting multiple choice
Instead of itemizing deductions, the standard deduction can be used to lower a tax burden because it represents a portion of income that is not subject to tax.
What does the standard deduction exclude?If you choose the standard deduction, you cannot deduct your house mortgage interest or any of the other widely used tax deductions, such as charitable contributions and medical costs. (However, if you itemize, keep track of the documents that prove your deductions in case the IRS decides to audit you.
the standard deduction's purpose?The standard deduction reduces a taxpayer's taxable income. It ensures that only families who earn more above a particular threshold will be required to pay income tax. Taxpayers have the choice to claim the standard deduction on their tax returns, which decreases their taxable income.
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when jamal graduated from college recently, his parents gave him $1,990 and told him to use it wisely. jamal decided to use the money to start a retirement account. after doing some research about different options, he put the entire amount into a tax-deferred ira that pays 18 percent interest, compounded annually. calculate how much money jamal will have in his ira at the end of 10 years, assuming that the interest rate remains the same and that he does not deposit any additional money. use (exhibit 1-a, exhibit 1-b, exhibit 1-c, exhibit 1-d).
Jamal will have $7,164.29 in his IRA after 10 years, assuming the interest rate remains the same and he does not deposit any additional money.
What is interest rate?
Interest rate is the cost of borrowing money, expressed as a percentage of the principal. It is a crucial factor in any loan or investment decision, and it is typically determined by the lender or issuer. Interest rates are typically determined by a variety of factors, including current economic conditions, the length of the loan, the borrower's creditworthiness, and the type of loan. Generally, borrowers with better credit ratings are offered lower interest rates, while borrowers with poor credit ratings are offered higher rates.
Exhibit 1-a:
Jamal will have $7,164.29 in his IRA after 10 years, assuming the interest rate remains the same and he does not deposit any additional money. This can be calculated by first finding the future value of the account after 10 years. The future value of Jamal’s account can be found by using the formula:
Future Value = Present Value * (1 + Interest Rate) ^ Number of Years
Using this formula, the future value of Jamal’s account is $7,164.29:
Future Value = $1,990 * (1 + 0.18) ^ 10
Future Value = $7,164.29
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on july 28,2018 , a ten-year note dated january 28,2015 , is discounted at 8.2 \% compounded quarterly. if the face value of the note is \$ 4000.00 tumtdvwr97 and interest is 7.2 \% compounded quarterly, find the compound discount.
A promissory note secures a loan with a term of less than one year. Consider a term of 60 days, repaid in a single instalment at maturity. The face value and maturity value are both the same.
Explain compound discount
A compound discount offers a discount that adapts automatically for each unit of your product, in contrast to the majority of discount schedules, which list discounts for a variety of quantities. Compound discounts allow you to make a product discount that scales according to each unit of your product's quantity.
Formula. PV = FV / (1 + r)n is the formula for discounting, while PV = FV = PV (1 + r)n is the formula for compounding. The discounting process involves dividing future values by the interest rate. Later, during compounding, the interest rate is multiplied by the present value.
Simple opposition exists between discounting and compounding.
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the university of dental health (udh) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. the university provides both traditional undergraduate courses to 9,000 students and continuing professional education (cpe) courses to 6,000 practicing professionals. udh has just hired a new controller who wants to utilize abc. the controller has identified three key activities performed by the university and the cost of each of these activities: udh has three buildings with a total of 150,000 square feet of classroom and facility space. due to the large space requirements for labs and other training facilities, the undergraduate program utilizes 127,500 square feet. total cost, $1,650,000. udh offers career placement services for undergraduate students, career counseling for active professionals taking cpe courses, and other student services to both groups. total cost, $420,000. udh offers 1,500 different instructional courses each year, 975 of which are undergraduate courses. total cost, $3,450,000.
A CODA-approved dental school graduate is required to pass both a national evaluation and a state-based clinical exam.
Programs for dental education and training are accredited by the Commission on Dental Accreditation (CODA). Both dental schools and dentistry programs may be accredited by this organization (Commission on Dental Accreditation). In conclusion, a dentist who earned their degree from a dental school recognized by the CODA must pass both a national exam and a clinical examination based on state regulations. A CODA-approved dental school graduate is required to pass both a national evaluation and a state-based clinical exam. The American Dental Association's objective is to encourage the success of dentists and the improvement of public health across the country. Integrity, excellence, and a commitment to providing individuals with evidence-based insights that enable them to offer high-quality dental care for all patients.
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services act as a middleman, allowing individuals to securely send and receive money.
A peer-to-peer services act as a middleman that is allowing individuals to securely send and receive money.
What do services act as a middleman allowing?services act as a middleman, allowing individuals to securely send and receive money. A web app is an app that you access instead of a web browser.
Which of the following does a secure website use to safeguard transmitted information?Generally, secure websites use encryption and authentication standards to protect the confidentiality of web transactions. Currently, the most commonly used protocol for web security is TLS, or Transport Layer Security. This technology is still commonly referred to as SSL, or Secure Sockets Layer, a predecessor to TLS.
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Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 5%, which implies a selling price of 123 %. The straight-line method is used to allocate interest expense. 1. Using the implied selling price of 123 %, what are the issuer's cash proceeds from issuance of these bonds. Cash proceeds 2. What total amount of bond interest expense will be recognized over the life of these bonds? Total bond interest expense over life of bonds Amount repaid payments of Par value at maturity Total repayments Less amount borrowed (from part 1) Total bond interest expense 3. What is the amount of bond interest expense recorded on the first interest payment date? Bond interest expense
The economies of East and South Asian states in this time period underwent significant changes in response to European expansion.
On one hand, European expansion brought new markets and opportunities for trade, leading to economic growth and development in these Asian states. On the other hand, European colonization and the imposition of exploitative economic systems led to the loss of economic sovereignty and a decline in traditional industries. Overall, while European expansion brought some economic benefits to East and South Asian states, it also had negative impacts that fundamentally altered their economies.As a result of European development during this time, the economy of governments in East and South Asia underwent considerable changes. One the one hand, these Asian republics' economies grew and developed as a result of the new markets and trade possibilities that the European expansion offered. However, colonisation by Europeans and the enactment of predatory economic systems resulted in the loss of economic independence and the demise of indigenous industries. Overall, while European expansion had some positive effects that radically changed the economics of East and South Asian governments, it also had negative ones.
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Which of the following is a store of value?(a) Treasury bonds(b) Gold(c) Currency(d) All of the above.
Treasury bonds , gold , currency is a store of value. This is because treasury bonds, gold, and money can be stored and show a person's wealth.
Option D is correct.
What exactly are Treasury bonds?T-bonds, or government debt securities with maturities of more than 20 years, are issued by the United States Federal Government. The owner of a T-bond receives a par amount equal to the principal in addition to periodic interest until the bond reaches maturity.
Store of value:An asset that does not lose value is referred to as a store of value. Due to their practically indefinite shelf lives, gold and other precious metals are excellent value stores. For a nation's economy to run smoothly, its currency needs to be a fair value store.
Why does money hold value?Because it is an asset that can be invested, kept in a bank, or kept in a safe at home, money has a store of value. Later, it can be used to purchase something. Because it aids in the facilitation of trade in the future, the store of value is an essential function of money.
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identify the responsibilities of the federal trade commission in regulating advertisements. (check all that apply.)
Unfair or misleading advertising in any form is forbidden by the FTC Act. Ads must be truthful and not deceive consumers, in other words. If important details are omitted or the assertion implies someone untrue, it may be deceiving.
What are the Federal Trade Commission's three main responsibilities?
a succinct overview of the rulemaking, law enforcement, and investigative powers of the Federal Trade Commission.
The FTC has how many guiding principles?
The Federal Trade Commission (FTC) provided Congress with a study in 2000 that outlined four fundamental strong privacy fundamentals: (1) Notification, (2) Choice/Consent, (3) Connectivity, and (4) Trustworthiness.
The Federal Communications Commission (FCC) oversees the broadcasting and radio industries, issues licenses to broadcasters, and prevents monopolistic. The programming must serve the interests of the general public because the airways are public property.
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---------- markets feature only a few large competitors. meanwhile, customers purchasing goods or services inside oligopolistic markets are often highly price-sensitive. when these two conditions are combined, situations where marketing organizations competing inside oligopolies bunch up at approximately the same pricing levels often result.
Oligopoly marketplaces have a small number of powerful rivals. While this is going on, consumers in oligopolistic marketplaces are frequently quite price-conscious.
When these two factors come together, it frequently leads to circumstances where marketing companies that compete within oligopolies group together at about the same pricing levels. Oligopoly markets feature only a few large competitors.
These firms often have significant market power and can influence market prices. Meanwhile, customers purchasing goods or services inside oligopolistic markets are often highly price-sensitive, meaning they are sensitive to changes in price and will likely switch to a competitor if they can find a better deal.
When these two conditions are combined, situations where marketing organizations competing inside oligopolies tend to bunch up at approximately the same pricing levels often result.
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For this problem assume that kendrick has $144 to spend on cigars and brandy each month and that both goods must be purchased whole (no fractional units)
(a) Attached image contains all the answers for part (a).
(b) Yes these preferences are consistent with the law of diminishing marginal utility.
(c) 4 cigars and 4 brandies will maximize Kendrick's level of satisfaction.
The pleasure a consumer experience from each additional unit of consumption is called marginal utility. It computes the utility after the initial product is consumed. The utility gained from the second bottle of water, if you purchase one first and then another, is the marginal utility.
(b) Each good has a marginal utility that decreases with increased consumption, resulting in a decreasing level of satisfaction.
(c)To maximize total satisfaction of consumption, the marginal utility per dollar of consumption for both goods must be equal, without exceeding the total budget
Marginal Utility (per $) for both goods = 2
Consumption costs of 4 cigars= 4 * $6 = $24
Consumption costs of 4 brandy = 4 * $30 = $120
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The complete question is :
For this problem, assume that Kendrick has $144 to spend on cigars and brandy and that both goods can only be purchased in whole units (no fractional units). Cigars cost $6 each and brandy costs $30 per bottle. Kendrick’s preferences are summarized in the following table:
a) Fill in the figures for marginal utility and marginal utility per dollar for both goods.
b) Are these preferences consistent with the law of diminishing marginal utility? Explain briefly
c) Given the budget of $144, what quantity of cigars and what quantity of brandy will maximize Kendrick’s level of satisfaction? Briefly Explain.
economic factors, social factors, technological advances, and political action and regulatory changes are the most important trends to follow in trying to identify opportunities.
True, the most crucial trends to watch while trying to spot chances are changes in political activity, social variables, technology advancements, and economic, social, and technological elements.
What is the trick to an entrepreneur seeing an opportunity successfully?The key to seeing chances is not to look for something that an entrepreneur wants to manufacture and promote, but rather something that others need and are ready to pay for. It is anchored in a good, service, or enterprise that provides value for the consumer or end user, and it is (1) appealing, (2) timely, (3) robust, and (4) timely.
What effects does technology have on the economy?By boosting productivity and extending the markets for goods and services, technology can have an impact on growth. For instance, advances in agricultural technology have boosted acreage yields and improved food security.
What is the economic impact of technical change?A technical change in economics is an improvement in a product's or process's efficiency that leads to a rise in output without a corresponding increase in input. In other words, someone creates something new or enhances an existing procedure in order to receive more money for doing the same amount of work.
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each year money magazine publishes a list of "best places to live in the united states." these listings are based on affordability, educational performance, convenience, safety, and livability. the belo
Money magazine releases a list of the "Best Places to Live in the United States" each year. These rankings are determined by price and academic achievement.
What is called a magazine?
Often illustrated and published in printed or digital form on a monthly basis, a magazine (also known as a periodical) is a compilation of texts (essays, articles, stories, and poems) (excluding newspapers). Consumer magazines, trade magazines, and organisation publications are the three different categories of magazines. There are numerous well-liked subcategories and genres for each kind of magazine. Since the 1700s, magazines have been used as a form of literary publication to disseminate news and information relevant to a broad or niche target audience.
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The balance in the office supplies account on January 1 was $7,000, supplies purchased during January were $3,000, and the supplies on hand at January 30 were $2,000. The amount to be used for the appropriate adjusting entry is:
a. $4,300
b. $12,000
c. $5,000
d. $8,000
A current asset representing the cost of supplies on hand at a point in time. The account is usually listed on the balance sheet after the Inventory account. The correct option is D.
What is the proper accounting for supplies?
Take a look at the supplies account's starting balance, then deduct the amount of supplies you now have on hand. For instance, if your supplies account balance is $790, the cost of the items you utilized during that time period was $220. A current asset that represents the price of the supplies that are available right now. Normally, the account follows the Inventory account on the balance sheet. Supplies Expense is a linked account that can be shown on the income statement.
The balance in a current asset account like Supplies or Supplies on Hand, or its equivalent, should represent the cost of office supplies in stock at the conclusion of an accounting period.
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a. college students reduce how much detergent they use for each load of laundry in response to higher detergent prices.
As a result of rising detergent prices, college students use less detergent overall, as measured by their movement along the demand curve for each load of laundry.
What type of business is detergent?As a component of the FMCG business, detergent powders are frequently utilized by a lot of individuals. Products with a fast turnover and that are consumable commodities are included in the FMCG sector. In order to facilitate the washing and cleaning processes, detergents are substances or mixtures comprising soaps and/or surfactants (any organic substance/mixture).
Women and mothers are the primary target audience for most laundry detergent advertisements today. Some businesses, however, take this notion in the opposite direction by marketing to males, taking use of the psychology of unexpected orientation. As a result of the widespread usage of detergents in India, there is a sizable opportunity in this sector that can be taken advantage of to provide high returns on investment in terms of both business growth and profit.
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The account: The following transactions occurred during December, the first month of operations for Harris Company. Prepare journal entries and create a T-account for accounts payable that includes the following five transactions.
1. Purchased $500 of inventory on account.
2. Purchased $300 of inventory on account.
3. Paid suppliers $600
4. Purchased $400 of inventory on account.
5. Paid suppliers $300.
Question 2:
The following Journal entry include
Particular debit. credit
Purchase 500
Account payable 500
(Being inventory purchased)
Purchase 300
Account payable 300
(Being inventory purchased)
Vendors 600
Cash 600
(Being paid suppliers)
Purchase 400
Account payable 400
(Being inventory purchased)
Vendors 300
Cash 300
(Being paid suppliers)
What is a Journal entry?A journal entry is used to document a company transaction in accounting records.
A journal entry is often made in the general ledger, though it could instead be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. Financial statements for the company are then produced with the general ledger.
The idea of a journal entry is to document every business transaction in at least two places (known as double entry accounting). For instance, when you make a cash sale, the revenue account and the cash account both increase. Or, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
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A journal entry is used to document a company transaction in accounting records.
What is a Journal entry?A journal entry is often made in the general ledger, though it could instead be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. Financial statements for the company are then produced with the general ledger.
The idea of a journal entry is to document every business transaction in at least two places (known as double entry accounting). For instance, when you make a cash sale, the revenue account and the cash account both increase. Or, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
The following Journal entry include
Particular debit credit
Purchase 500
Account payable 500
(Being inventory purchased)
Purchase 300
Account payable 300
(Being inventory purchased)
Vendors 600
Cash 600
(Being paid suppliers)
Purchase 400
Account payable 400
(Being inventory purchased)
Vendors 300
Cash 300
(Being paid suppliers)
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