The total revenue collected by profit-maximizing single-price monopolist is not 9000.
Who is a monopolist?An entity that completely dominates the market for a specific item or service is known as a monopolist. Because they provide them more power, monopolists are likely to support policies that benefit monopolies. Because there are no competing products, a monopolist has little motivation to develop their product. They are motivated by maintaining the monopoly, not anything else. When a single supplier of a given good or service emerges as a monopolist, a monopoly has formed. A monopsony, on the other hand, is when only one entity has the authority to make purchases of goods or services. It also differs from an oligopoly, in which a small number of sellers control a market.
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according to fiedler, the extent to which the work of subordinates is clear so that they know what to do and how to do it is known as:
Power distance is the right response to the following query.A concept known as “power distance” shows how those who disagree with a specific society see subservient/superior relationships between persons in positions of power, such as the degree to which those.
who have never held positions of authority concur that power is unequally distributed. It’s one of the elements in Hofstede’s description of social factors. Collectivism, patriotism, the ambiguity rejection coefficient, and the long-term vision are among the additional factors.According to Hofstede, power distance refers to how readily employees accept a hierarchical structure in a company.Hofstede essentially examined culture and came up with six distinct aspects that a culture might have. People who adhere to specific cultural systems and hierarchies are said to have a power distance. Like in an organisation, if power distance is higher, employees will tend to follow and obey hierarchy very strictly, and there will be a lot of support from top-level management, decisions will be made from the top even without taking lower-level consideration. If power distance is higher in a culture, people will be much divided into castes based on power, authority, and money.
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In an interview, you were asked to explain the steps involved in a successful authentication by a radius server. How should you answer?.
The RADIUS server gets the user credentials from the message and looks for a match in a user database. If the user name and password match an entry in the database, the RADIUS server can get additional information about the user from the user database. it also checks to see whether it has an access policy or a profile in its configuration that matches all the information it has about the user. If such a policy exists, the server sends a response.
A RADIUS Server supports a ramification of strategies to authenticate a consumer. RADIUS Server authentication and authorization pass hand in hand and commonly start whilst a person attempts to connect with the RADIUS patron through the usage of a username and password.
A RADIUS Server is a background procedure that runs on a UNIX or home windows server. It helps you to hold personal profiles in a vital database. subsequently, when you have a RADIUS Server, you have got manipulate over who can connect to your network. A RADIUS consumer (or network gets entry to Server) is a networking tool (like a VPN concentrator, router, or transfer) this is used to authenticate customers.
RADIUS Servers also are used for accounting functions. RADIUS accounting collects information for community tracking, billing, or statistical functions. The accounting method usually begins whilst the user is granted get entry to the RADIUS Server. but, RADIUS accounting also can be used independently of RADIUS authentication and authorization.
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Corporate strategy helps managers understand which strategy question?
a. How should the firm compete?
b. How should the firm expand?
c. Where should the firm expand?
d. How can the firm buy out a competitor?
e. Where should the firm compete?
Corporate strategy helps managers understand
e. Where should the firm compete?
Market economies must incorporate competition. Different businesses are free to use various methods to draw clients, including value, convenience, and price. Depending on the product and market structure, the type of competition will vary. For instance, price will be important in a market where there are numerous vendors selling potatoes. To find the best deal, consumers will comparison shop. Price is only one of many considerations for a service like a meal at a restaurant, though. Businesses in this situation will be looking for customers based on factors like food quality, the environment, and a convenient location.
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what attracts you to a career in investment management and what do you feel you will bring to the role?*
Broad career options attract me to investment management and the experience and exposure to financial modeling
being affected by something or having an experience is a fact or condition: exposure, the state of being exposed to something cold/heat exposure infection or danger exposure. exposure of children to violence on television. By saying such things in public, he puts himself at risk of being mocked. An asset or item purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's value over time. When a person buys a product as an investment, they don't intend to use it right away; instead, they plan to use it to make money later on. When you purchase a product at a lower cost and sell it for a higher one, investing is successful.
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The organizational structure and locus of decision making in multinational corporations are determined by a number of factors. Which of the following is NOT one of those factors?
a.The degree of involvement in international operations
b.The demographic characteristics of customers in each region
c.The business in which the firm is engaged
d.The human resource capability of the firm
The demographic characteristics of customers in each region [OPTION B] are not one of the factors of organizational structure and locus of decision-making in MNCs.
What are demographic characteristics?it is statistics that describe population groups and their characteristics. Demographic data refers to statistically expressed socioeconomic information such as employment, education, income, marriage rates, birth rates, and death rates.Governments, businesses, and non-governmental organizations use demographic data to learn population characteristics for many purposes, including policymaking and economic market research.Examples of demographic characteristicsmartial statusincome leveleducationhealthsizeageracegenderreligionnationalitylearn more about demographic characteristics
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when firms in monopolistic competition earn positive economic profits, how will additional firms react?
Long-term, the monopolistic competitor's strong economic earnings will spur a response from both inside and outside companies.
A form of imperfect competition known as monopolistic competition involves numerous producers vying for customers while offering goods that are distinct from one another and, therefore, cannot be fully substituted. total control over something, especially over a business area, or the attempt to do so in order to prevent others from having any share: She didn't think the penalty was enough of a deterrent for large producers to engage in monopolistic behavior. Monopolistic behavior against the business is alleged. Monopoly is cited. Monopolistic competition, which lies between a monopoly and perfect competition and combines aspects of both, includes business with comparable but distinct product offerings. Industries with monopolistic competition include those in the food service, beauty care, home goods, and apparel sectors. Large economies of scale are possible when there are monopolies.
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Apple has a first-mover with many of its products, which means that apple is able to.
Apple is widely known for being a first mover with many of its products. This means that Apple is able to "preempt rivals and capture demand".
Understanding the First-Mover StrategyA first mover is a company or business that achieves a competitive advantage by being the first to bring a product or service to market. Being the first to enter a market typically enables the company to establish strong brand awareness and customer loyalty before rivals join the arena. What distinguishes Apple as a first mover? Apple redefined the smartphone by inventing a simple and elegant method to interact with it. They accomplished something no one else in the industry had done before: they eliminated the hardware keyboard and replaced it with a touchscreen.
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during interviews for a sales position, the interviewer asks each candidate to imagine a situation where a customer emails to report that products were damaged during delivery from the company. the interviewer then asks each candidate what they would do to handle this situation. this is an example of a(n)
The given situation is an example of a situational interview.
What is the situational interview?These interviews resemble behavioral interview questions in that they ask hypothetical questions about the future, whereas behavioral interview questions focus on the past.During situational interviews, hiring managers ask prospective workers to describe how they would handle a typical job difficulty, such as working with a challenging coworker or dealing with a disgruntled client.Tell me about a time when you had to cooperate with a challenging coworker. We had to collaborate with another coder who frequently grumbled about our projects. We invested the effort to find out about his personal life.Therefore, the given situation is an example of a situational interview.
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Do Nothing Policy posits that the best policy is for the government to do nothing, i.e leave people alone to purse their self interest as they define it. In the case of the US/Mexico used car markets, the Mexican government violated The Do Nothing Policy by interfering in the free market for used cars. Regulating and taxing the import of used cars prevented Americans and Mexicans from engaging in mutually beneficial voluntary exchange. NAFTA, by removing the regulations and taxes shifted from a Do Something to a Do Nothing Policy. The effect of NAFTA was This was accomplished without coercion, financial incentives, or moral persuasion but by simply leaving people alone to pursue their selfinterest as they define it, i.e. allowing the free market to operate. In this case, it meant US car owners selling their cars in Mexico because they could get a price. Mexican consumers enriched themselves because the price of used cars in Mexico Both Mexicans and Americans were better off after the shift to a free market. This is similar to wealth creation that occurs when people specialize according to comparative advantage and exchange because
The Do Nothing Policy is when government does not intervene in regular workings of a situation under their jurisdiction and is sure that left people will do.
What is Do Nothing?Do Nothing denotes that the incumbent won't hunt down the rival or engage in predatory behavior. Depending on how the ownership lottery in time 1 turns out, either the present manager M 1 or the competing manager M 2 will handle the assets independently if the incumbent chooses to do nothing or if predation fails. It is undoubtedly ex ante optimum for the incumbent to select a debt level sufficiently high within the range of financial postures that induce do-nothing in order to avoid inadvertently driving up asset prices in secondary asset markets by making unsuccessful offers for entrant assets. Therefore, any ex ante ideal posture causing inaction must include D D(l), as this reduces willingness-to-pay.
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consider the following financial information for toyota motor corporation stock. ford motor company is a competitor and has a book value per share of $9.05. if ford has the same price-to-book ratio as toyota, what is the value of ford stock?
if ford has the same price-to-book ratio as toyota, the value of ford stock book value per share"$9.65"
Calculation Price to book value is calculated as follows: Market price per share / Book value per share = "$9.65". Market price per share = $9.05 / 1.0658 Market price per share Market price per share = 1.0658 Market price per shareTake into account the stock data below for Toyota Motor Corporation. A rival with a $9.05 book value per share is Ford Motor Company. What is the value of Ford stock if it has the same price-to-book ratio as Toyota? Nissan Motor Company A share of stock costs $136.28. Shares earned: $12.29 Ratio of price to book: 1.0658 $9.65 $9.05 $10.05 $14.19 A business known as the South Sea Company was established in 1711 to conduct commercial trade between Great Britain and South America. Even though the company didn't actually turn a profit, its share price increased significantly and quickly. The share price eventually dropped and went back to what it was when it was first sold. Risk is described in this scenario. liquidity danger.
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the controversial practice that treats a range of scores as being similar and thus allows employers to give preference to underrepresented groups within these similar scores is known as
Banding is a contentious technique that treats a range of scores as being comparable, enabling employers to give priority to underrepresented groups within these comparable scores.
Which validity metric is based on demonstrating a strong association between test results and ratings of work performance?The degree to which a score on a scale or test predicts scores on a criterion measure is known as predictive validity in psychometrics. The relationship between test results and, for instance, supervisor performance ratings demonstrates, for instance, the validity of a cognitive test for job performance.
What selection-related behavior would be prohibited by the Equal Employment Opportunity laws?It is against the law to discriminate against a person (applicant or employee) on the basis of their race, color, religion, sex (including gender identity, sexual orientation, or pregnancy), national origin, age (40 or older), disability, or genetic information, according to the EEOC's enforcement of the law.
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which is true about the measure of risk?
The measure of risk standard deviation is a metric used to describe how much the values of a dependent variable for particular data points deviate from the average value.
The dependent variable must reflect the net benefit of an expected outcome in order for standard deviation to be an effective risk indicator. Such a function is frequently referred to as a "utility function".
A utility function and a data point's more easily quantifiable attribute frequently differ greatly.
When a person examines an investment that could yield $10 million or $20 million, for instance, the latter result is not twice as excellent as the former, but just roughly equal, because $10 million will be more than enough to "live happily ever after,"
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the fordney-mccumber tariff of 1922 a. was created to lure europeans to commercialize in the united states. b. raised tariffs on agricultural goods. c. raised tariffs on all imported goods. d. was supported by american diplomats. e. promoted free trade.
Answer (c) is the right choice. The Fordney-McCumber Tariff of 1922 increased import duties on all products.
What exactly is the 1922 Fordney-McCumber Tariff?In order to safeguard farms and factories, the Fordney-McCumber Tariff of 1922 increased American duties on a variety of imported goods. By passing the tax and encouraging international trade by making sizable loans to Europe, the US Congress demonstrated its support for business.
What negative effects did the Fordney-McCumber Tariff have?The Fordney-McCumber Tariff of 1922 was designed to hasten the postwar economy's recovery. Its increased tariffs on agricultural imports really lost American farmers a lot of money in the already-weak European markets.
What effects did the Hawley Smoot and Fordney-McCumber tariffs have?The Smoot-Hawley Tariff Act, passed in June 1930, increased the country's already high import taxes on foreign manufactured goods and agricultural products by roughly 20%. Prior to the Fordney-McCumber Act of 1922, the typical import duty on foreign goods was roughly 40%.
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on april 1st, bob the builder entered into a contract of one-month duration to build a barn for nolan. bob is guaranteed to receive a base fee of $4,900 for his services in addition to a bonus depending on when the project is completed. nolan created incentives for bob to finish the barn as soon as he can without jeopardizing the structural integrity of the barn. nolan offered to pay an additional 25% of the base fee if the project finished 2 weeks early and 15% if the project finished a week early. the probability of finishing 2 weeks early is 20% and the probability of finishing a week early is 60%. what is the expected transaction price with variable consideration estimated as the expected value?
Any remuneration you give an employee over and beyond their base hourly rate or salary is known as additional pay.
How to calculate the additional pay?This is a succinct summary of the query:
Duration Pay Probability
Normal $4,900 1
finish 2 wks early 25% more 25% or 0.25
finish 1 wk early 20% more 55% or 0.55
At Normal Duration,
Total Pay = Pay x Probability = $4,900 x 1 = $4900
At finish 2 wks early (25% variable consideration),
Additional pay = $4,900 x 25%
= $4,900 x 0.25
= $1,225.
Total pay (at 25% probability) =$4,900 x 0.25 = $1,225
At finish 1 wk early (20% variable consideration)
Additional pay = $4,900 x 20%
= $4,900 x 0.20
= $980.
Total pay (at 60% probability) = $4,900 x 0.6 = $2940
At finish (10% variable consideration)
Additional pay = $4,900 x 60%
= $4900x 0.1
= $490
Total pay (at 0% probability) = $490 x 0 = $0
Hence,
the expected transaction price with the variable consideration estimated as the expected value
Grand total = $4900+ $980+ $2940+ 0 = 8820.
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IM TIMED!!!Understanding and documenting the criteria before beginning work toward a goal is necessary to ensure the
goal is.
measurable
attainable
specific
relevant
To Understanding and documenting the criteria before beginning work toward a goal is necessary to ensure the relevant. Any communicable material used to describe, clarify, or provide instructions regarding certain characteristics of a thing.
A system, or a procedure, such as its components, assembly, installation, maintenance, and use, is considered documenting. documentation criteria protecting sensitive data and making available to interested parties thorough records of workplace activities. The routine of keeping correct records offers a reachable, manageable foundation for dealing with problems. By encouraging knowledge sharing, documentation helps your team learn how procedures work and what typical project outcomes look like.
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which of the following is applied when an american tourist exchanges dollars for the immediate receipt of japanese yen at a tokyo bank?
The forward market is used when two parties agree to exchange currencies at a future date. In this case, the tourist is agreeing to exchange their dollars for yen at a future date.
What is applied when an American tourist exchanges dollars for the immediate receipt of Japanese yen at a Tokyo bank?The tourist is using the forward market.When an American tourist exchanges dollars for the immediate receipt of Japanese yen at a Tokyo bank, they are using the forward market. The forward market is used when two parties agree to exchange currencies at a future date. In this case, the tourist is agreeing to exchange their dollars for yen at a future date.
This is beneficial for the tourist because it allows them to lock in a rate now, even though they will not be receiving the yen until a later date. This can help to protect the tourist from any potential currency fluctuations that may occur between now and when they actually receive the yen.
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matt and meg comer are married and file a joint tax return. they do not have any children. matt works as a history professor at a local university and earns a salary of $67,400. meg works part time at the same university. she earns $35,800 a year. the couple does not itemize deductions. other than salary, the comers' only other source of income is from the disposition of various capital assets (mostly stocks).
Married submitting mutually is a filing status for married couples, allowing them to file joint tax returns.
When submitting taxes underneath married filing together status, a married couple can document their respective incomes, deductions, credits, and exemptions on the same tax return.
How does a joint tax return work?Joint filers file their income, deductions and credits on the identical federal return — even if solely one partner had earnings in the tax year. Both spouses will also list dependents on that joint return, both Social Security numbers will show up on the return, and each should sign it to use the joint status.
Advantages of filing jointlyJoint filers get hold of one of the biggest popular deductions each year, allowing them to deduct a significant amount of earnings when calculating taxable income. Couples who file together can typically qualify for multiple tax credit such as the: Earned Income Tax Credit.
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https://brainly.com/question/9213178#SPJ4field underwriting by a producer
Field underwriting is the initial judgment an insurance agent or producer makes regarding a potential client's capacity to satisfy the underwriting requirements of the insurer.
The producer is in the position to learn details that underwriters and other participants further up the chain would not be aware of because he is the only person in the insurance sales process who has a close relationship with the client. The producer is more likely to know the client personally, giving them a deeper understanding of their personal and professional reputations as well as other personal details. The producer can also help the underwriters choose better risks, increase the efficiency and speed of the underwriting process, and set realistic expectations for their clients by using appropriate field underwriting techniques.
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Full question: Explain what is field underwriting by a producer?
which health insurance policy pays benefits only when you are hospitalized, but pays these benefits in cash which you can use for medical, nonmedical, or supplementary expenses?
Hospital indemnity pays benefits only when you are hospitalized, but pays these benefits in cash which you can use for medical, nonmedical or supplementary expenses.
You can get hospital indemnity insurance in conjunction with your health insurance coverage. Similar to other insurance, you pay a monthly premium, and if you end up needing hospitalization, you receive a set benefit amount given directly to you to help with costs.
A hospital indemnity coverage benefit could be used for anything like deductibles, coinsurance, transportation, prescriptions, rehabilitation and home care expenses are covered. Additionally, you can utilize the funds to cover some costs incurred while you're recovering, like food and child care.
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which of the following best describes the deductions independent contractors may claim for valid business expenses?multiple choicefor agi deductionsfrom agi deductionsfrom agi deductions limited to income from the business activitiesfor agi deductions limited to income from the business activities
For AGI deductions best describes deductions independent contractors may claim for the valid business expenses.
What is AGI?Federal income taxes are computed using a person's adjusted gross income (AGI), which is calculated as their total taxable income less specific deductions. Taxable income is calculated by deducting personal exemptions and itemized deductions from AGI. For the majority of individual tax purposes, AGI is more significant than gross income. The cost of the sold asset is subtracted from the sales price of the goods or other item to determine gross income. It also covers dividends, interest, business income, rental income, and all other types of income in addition to salary. Adjusted gross income is defined as gross income less business or rental activity deductions and 21 additional specific items. Some deductions are limited based on a portion of AGI.
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acen is a computer software development company in the united states. acen and other companies in the industry are pressing the federal government for immigration laws that allow for a greater supply of foreign-born workers. what is the main reason these companies cite for that effort?
Due to the data that can be gathered, tracking software and cookies are problematic. The Wire Tap Act's Title III permits use by local, state, and federal law enforcement.
Why do global corporations employ workers from other nations?Hiring individuals from other cultures enables your business to learn about and get past cultural barriers like slang and etiquette. Additionally, hiring people from outside might assist you in overcoming language obstacles, which is essential when entering new markets.
What is the key justification for companies sending work abroad?Outsourcing jobs makes American businesses more competitive in the world market. They are able to sell to foreign markets through their international branches. By employing in developing countries with poorer standards of living, they keep labor prices down. As a result, their items that they ship back to the United
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the condition in which the expected return on a security equals its required return, and there is no pressure on its price to change.
The condition in Equilibrium the expected return on a security equals its required return, and there is no pressure on its price to change.
What is the expected return at equilibrium?
Return percentage The anticipated return is equivalent to the market interest rate.Actual Value The present value of the predicted future payments is the same as the asset's price.When should the required return equal the expected return?
Assuming equal expectations, they (the two returns) must be equal in equilibrium. When calculating fair market value, the expected and necessary returns are the same (as opposed to investment value to a specific investor). The implied IRR that results from the expected cash flows is not an "expected return."Learn more about equilibrium expected return
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sinclair fabrication bought four machine lathes, which is a machine that is primarily used for shaping metal or wood, for which it paid $200,000 each. of which type of business product are these machine lathes?
The machine lathes bought by Sinclair fabrication are major equipment type of business product.
What are business products?Business products are useful concept, approach, piece of knowledge, product, or service that fills a need or satisfies a need. It has both concrete and abstract qualities (benefits, features, functions, uses) that a seller can offer a buyer in exchange for their money. There are six different categories of commercial goods, including large machinery, small machinery, component parts, processed goods, supplies, and commercial services.
Business products are the items that businesses sell to generate revenue. Business items, in other words, are the things and services that people wish to purchase in order to outfit their homes, operate their own enterprises, sate their needs for supplies in their churches, schools, stadiums, and factories, as well as generally keep the world moving ahead.
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Ariba Coffee Company roasts and packs coffee beans. The process begins by placingcoffee beans into the
Roasting Department. From the Roasting Department, coffee beansare thentransferred to the Packing
Department. The following is a partial work inprocess account of the Roasting Department at March 31, 2020:
ACCOUNT Work in Process—Roasting Department
A production report is important because it informs managers about the number of units produced in each department and the pertinent costs that were incurred during the production process.
The area of accounting known as cost accounting examines a company's cost structure. This division is responsible for compiling information on the costs associated with the organization's operations and allocating those costs to various goods and services.
The production report is a crucial document that gives managers important details about the number of units produced in each department and the pertinent costs incurred during the production process.
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COMPLETE QUESTION:
Cost of Production Report
Ariba Highland Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffee beans are then transferred to the Packing Department. The following is a partial work-in-process account of the Roasting Department on July 31:
ACCOUNT Work in Process—Roasting Department ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
July 1 Bal., 6,100 units, 2/5 completed 20,496
31 Direct materials, 244,000 units 756,400 776,896
31 Direct labor 155,900 932,796
31 Factory overhead 38,964 971,760
31 Goods transferred, 245,000 units ?
31 Bal., ? units, 1/5 completed ?
Required:
1. Prepare a cost of production report, and identify the missing amounts for the Work in Process—Roasting Department. If an amount is zero, enter "0". When computing cost per equivalent unit, round to two decimal places.
Ariba Highland Coffee Company
Cost of Production Report-Roasting Department
For the Month Ending July 31
Unit Information
Units charged to production:
Inventory in process, July 1
Received from materials storeroom
Total units accounted for by the Roasting Department
Units to be assigned costs:
Equivalent Units
Whole Units Direct Materials Conversion
Inventory in process, July 1
Started and completed in July
Transferred to Packing Department in July
Inventory in process, July 31
Total units to be assigned costs
Cost Information
Costs per equivalent unit:
Direct Materials Conversion
Total costs for July in Roasting Department $ $
Total equivalent units
Cost per equivalent unit $ $
Costs charged to production:
Direct Materials Conversion Total
Inventory in process, July 1 $
Costs incurred in July
Total costs accounted for by the Roasting Department $
Cost allocated to completed and partially completed units:
Inventory in process, July 1 balance $
To complete inventory in the process, July 1 $ $
Cost of completed July 1 work in process $
Started and completed in July
Transferred to Packing Department in July $
Inventory in process, July 31
Total costs assigned by the Roasting Department $
2. Assuming that the July 1 work-in-process inventory includes $18,300 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between June and July. If required, round your answers to the nearest cent.
Increase or Decrease Amount
Change in direct materials cost per equivalent unit $
Change in conversion cost per equivalent unit $
irrelevant costs include . multiple select question. sunk costs future costs that differ between alternatives future costs that do not differ between alternatives all fixed costs
Sunk expenses and inescapable costs are examples of irrelevant costs. Sunk costs are historical expenses that the company has already incurred or paid for and which won't be impacted by actions made in the future. Costs that the business will bear regardless of its choice are those that cannot be avoided.
Sunk expenses are among the useless costs. future expenses that are consistent across all options. Expenses that have been incurred but cannot be recovered are known as sunken costs. It shouldn't be taken into account when choosing future actions. It is a pointless expense.
Relevant costs include future expenses that don't change depending on the choice. Sunk costs are not important when making decisions because they were already incurred. However, not all unnecessary expenses are sunk costs.
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An import quota does which of the following?
a. decreases the price of the imported goods to consumers
b. increases the price of the domestic goods to consumers
c. redistributes income away from domestic producers of those products toward domestic producers of exports
d. both a) and c)
Answer:
B. increase the price of the domestic good a to consumers
Hence, the correct option is (b.) Increases the price of domestic goods for consumers.
What is import quota?An import quota is a sort of trade restriction that establishes a physical limit on the amount of an item that may be imported into a nation over a specific time period. Quotas, like other trade restrictions, are generally implemented to benefit the economy's producers of an item. The quota share is a predetermined quantity or percentage of the total quota allotted to each individual company.
An import quota is a cap on the overall amount of imports that can enter a country in a specific time period. It is a non-tariff obstacle. A quota restricts supply, causing prices to rise. For example, China has a limit of 300,000 tonnes per year on Cambodian rice exports.
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using the midpoint method, when income equals $7,500, what is the price elasticity of demand between $16 and $20?
when income equals $7,500, what is the price elasticity of demand between $16 and $20 is 1.80
The ratio of the percentage change in quantity demanded to the percentage change in price is known as the price elasticity of demand. The price elasticity of demand is often negative since the demand curve has a downward slope. The percentage change in quantity divided by the percentage change in price is used to compute the price elasticity of demand. The Midpoint Method's benefit is that it yields the same elasticity between two price points whether there is an increase in price or a decrease in price. This is so because the calculation employs the same basis in both scenarios—the average quantity and average price.
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which type of consumer product is often very expensive, purchased infrequently, and takes an extensive amount of purchase decision time?
The appropriate word to use in place of the missing word is speciality. A specialised product is one that a customer would not accept as a substitute.
These are goods that customers would actively seek out due to their unique qualities or the brand name itself Products that fulfil a consumer’s wishes or needs are known as consumer goods. There might be both economical and practical as well as pricey and rarely bought.Consumer goods are finished products that are sold to customers to use. It is typically not employed as a tool for expanding economic productivity.While certain consumer items are perishable and expiration dates and must be used quickly, others are durable and can last for three years or longer.Finally, depending on how frequently they are used, consumer goods can be divided into various groups based on customer behaviour.
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A purely competitive industry has a very ______ number of sellers, whereas the other three market structures reflect a progressively ______ or ______ number of sellers.
A purely competitive industry has a very large number of sellers, whereas the other three market structures reflect a progressively smaller or decreasing number of sellers.
What are the two methods a firm engaged in pure competition can use to identify the output level at which it will make the most money or suffer the least losses?
The level of output at which a competitive firm will earn maximum profits or least losses can be determined using two complementing methods. In the first, total revenue and total costs are compared; in the second, marginal revenue and marginal costs are compared.
Firms engaged in pure competition act as price takers and base decisions on marginal costs. A seller who must accept the market price in order to sell their goods is known as a price taker.
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many consumers are willing to pay $100 for a perfume that contains $10 worth of scent because the perfume is from a well-known brand. what kind of pricing is the company depending on?
The sort of pricing enterprise is relying on is the option B) They use the fee as a hallmark of first-class.
The required details for pricing in given paragraph
Pricing is the procedure wherein a commercial enterprise units the fee at which it's going to promote its merchandise and services, and can be a part of the commercial enterprise's advertising plan. In placing charges, the commercial enterprise will recall the fee at which it is able to collect the goods, the production price, the marketplace, competition, marketplace condition, brand, and first-class of product. Pricing is a essential component of product management and is one in all the 4 Ps of the advertising mix, the opposite 3 elements being product, advertising, and place. Price is the best sales producing detail among the 4 Ps, the relaxation being price centers. However, the opposite Ps of advertising will make contributions to decreasing fee elasticity and so permit fee will increase to pressure more sales and profits.
Pricing may be a guide or automated procedure of making use of charges to buy and income orders, primarily based totally on elements such as: a set amount, amount break, advertising or income campaign, particular supplier quote, fee winning on entry, cargo or bill date, aggregate of a couple of orders or lines, and lots of others.
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Complete question
Many consumers are willing to pay $100 for a perfume that contains $10 worth of scent because the perfume is from a well-known brand. What does this image pricing suggest about these consumers?
A) They process prices from left to right.
B) They use the price as an indicator of quality.
C) They are rounding up the price.
D) They are remembering an external frame of reference.
E) They are breaking the price into smaller units.