The amount of a product or service that people will buy at a certain price is known as the demand.
What is demand?Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame. Demand is based on preferences and tastes, which can be explained in terms of the price, advantages, profit, and other factors.
According to the law of demand, if a product's price increases while other parameters remain the same, the quantity required of the product decreases. In other words, if the price of the good rises, the total amount of demand falls. The reason for this is that if customers' opportunity costs rise, they may choose to buy something else instead or decide not to buy it at all. Really intriguing ideas are the law of demand and its exceptions.
What is price?Customers exchange value or money for a certain item that will suit their requirements and wants, and this transaction is known as price. The exchanged value that a customer makes in exchange for an offering is measured by its price. Offerings in the marketplace can be dispersed among clients using prices as an economic mechanism. They also serve as indicators of how much demand there is for an offering as well as how much supply there is. A product's price reflects the total worth of the offering, which includes the value of all the raw materials and labor used to create the offering. The cost of a service takes into account all factors that contribute to its uniqueness.
Prices are governed by the rule of supply and demand. In other words, it increases or decreases until the quantity given and demanded are equal. The equilibrium price is where we find ourselves. A product's price increases when demand exceeds supply, making it available to only those purchasers who are willing and able to purchase it. The increase continues until supply and demand reach balance.
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You have $400,000 to donate to your college. The college's discount rate is 7%. You donate the money today, but you ask the college to delay the scholarship payment so that the first scholarship payment is made 10 years from today. How large will the annual payment be?
Based on the information given the annual payment will be $51,476.86.
Annual scholarship paymentUsing this formula
Annual payment=[Principal×(1+Discount rate)]×Discount rate
Let plug in the formula
Annual payment = [$400,000×(1+0.07)^9]×0.07
[$400,000×(1.07)^9]×7%
Annual payment= $735,383.68×0.07
Annual payment= $51,476.86
Inconclusion the annual payment will be $51,476.86.
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A two-party check is made payable to:
a. both the patient and the provider
b. both the provider and the payer
c. both the patient and the payer
d. two different payers
Answer:
https://quiz let.co m/96700748/chapter-4-flash-cards/
Explanation:
Link above provides answers
( Don't copy paraprashe)
Answer:
[A] both the patient and the provider
Explanation:
Table 101.22
Production Capability
Containers of Laptops Containers of Synthetic Grass
390 containers/unit
125 containers/unit
China has 1200
production units:
Australia has 1200
production units:
150 containers/unit
100 containers/unit
Refer to Table 101.22 If each country specialises in their production with China producing only laptops and Australia producing
only synthetic grass, at a trading rate of two laptops per synthetic grass, how many synthetic grass and laptops will be
available to be consumed in China if they trade 170,000 laptops to Australia?
O a. 298,000 laptops and 85,000 synthetic grass
Ob 29.800 laptops and 8,500 synthetic grass
c. There is not enough information to answer this question.
O d. 300,000 laptops and 618,000 synthetic grass
Next page
At a trading rate of two laptops per synthetic grass, the number of synthetic grass and laptops that will be available to be consumed in China, if they trade 170,000 laptops to Australia is a. 298,000 laptops and 85,000 synthetic grass.
What is the trading rate?The trading rate is the exchange rate that is used by two countries to exchange goods and services based on the value of their currencies.
In this case, the agreed trading or exchange rate between China's Laptops and Australia's Synthetic Grass is two laptops per synthetic grass.
Data and Calculations:Table 101.22
Production Capability Containers of Containers of
Laptops Synthetic Grass
China's production 390 containers/unit 125 containers/unit
China has 1,200 units 234,000 75,000
(390 x 1,200/2) (125 x 1,200/2)
Australia's production 150 containers/unit 100 containers/unit
Australia has 1,200 units 90,000 60,000
(150 x 1,200/2) (100 x 1,200/2)
Production with specialization:
China produces Laptops only 468,000 (1,200 x 390) 0
Australia will produce Grass only 120,0000 (1,200 x 100)
Trade Exchange (170,000) (85,000) (170,000/2)
Available for consumption after trade 298,000 35,000
(468,000 - 170,000) (120,000 - 85,000)
Thus, at a trading rate of two laptops per synthetic grass, the number of synthetic grass and laptops that will be available to be consumed in China, if they trade 170,000 laptops to Australia is a. 298,000 laptops and 85,000 synthetic grass.
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What role will sustainability methods and techniques in the area of Manufacturing for companies in the future?
Answer:
Sustainable manufacturing aims to produce goods with minimum use of energy and natural resources, maximum profit, while ensuring societal health and safety throughout the product life cycle.
Explanation:
define career progression
Answer:
career progression is that it's the act of moving forward in your career. You may hear people talking about “climbing the ladder” at work, however progressing in your career doesn't always mean getting a promotion or securing a more highly paid role
Wolverine and Spartan root beer are the best root beers according to the Root Beer Review. There is
also the generic store brand root beer - People's Choice brand- that is also sold where Gertrude
shops. Suppose that there is a recession. Gertrude's employer cuts her hours and, as a result, her
weekly pay declines. What will this do to her demand for generic root beer? Draw a graph of the
generic root beer market and explain what happened and why.
Answer:
Following the concept of inferior and normal goods, Gertrude's demand for generic brand root beer would increase.
Explanation:
During a recession as she has less income available. This typically moves demand away from normal goods (wolverine and spartan) and towards inferior goods (generic brand).
What is business studies
Answer:
Business Sciences is a career focused on the study of corporations. ... Business sciences encompass various fields of study such as economics, finance, accounting, law, and even computer science, in this case, applied to business.Explanation:
Long live Mexico
Answer:
The study of economics and management, especially as an educational topic.
Explanation:
Pear Company plans to develop a shopping center. The following amounts were spent: Acquisition of land $16,000 Surveys and legal fees 600 Land clearing 400 Fencing 4000 Install lighting and signage 1660 What amount should be recorded as the cost of the land in the company's books
Answer: $22,660
Explanation: GAAP says that all cost incurred to bring the asset ready for its intended use can be capitalized. In this case, all cost are acceptable as they are needed to bring the land ready for use.
Owner's equity/capital is the obligation of the business to its owner
A. True
B. False
the obligation of the business to its owner is true
A baseball player is offered a 5-year contract that pays him the following amounts: Year 1: $1.40 million Year 2: $1.51 million Year 3: $2.25 million Year 4: $2.59 million Year 5: $3.17 million Under the terms of the agreement all payments are made at the end of each year. Instead of accepting the contract, the baseball player asks his agent to negotiate a contract that has a present value of $1.54 million more than that which has been offered. Moreover, the player wants to receive his payments in the form of a 5-year ANNUITY DUE. All cash flows are discounted at 10.00 percent. If the team were to agree to the player's terms, what would be the player's annual salary (in millions of dollars)
The player's annual salary (in millions of dollars), using the present value calculations, is $1.89743 million.
What is the present value?The present value of the player's future cash flows (salaries) is the current value or the value in today's dollars. It is computed by discounting the future values at the appropriate discount rate.
The present value can be computed using the Present Value formula, an online finance calculator, or the PV factor table.
Formula
PV = FV \frac{1}{(1+r)^{n}}
Where:
PV = present value
FV = future value
r = rate of return
{n} = number of periods
Data and Calculations:Discount rate = 10%
Period of salary = 5 years
Period Cash Flows PV Factor Present Value
Year 1: $1.40 million 0.909 $1,272,600 ($1.4 x 0.909)
Year 2: $1.51 million 0.826 1,247,260 ($1.51 x 0.826)
Year 3: $2.25 million 0.751 1,689,750 ($2.25 x 0.751)
Year 4: $2.59 million 0.683 1,768,970 ($2.59 x 0.683)
Year 5: $3.17 million 0.621 1,968,570 ($3.17 x 0.621)
Additional present value required 1,540,000
Total present value = $9,287,150
Annual salary (in millions of dollars) = $1.89743 million ($9,287,150/5).
Thus, the player's annual salary (in millions of dollars) is $1.89743 million.
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After luke tries to understand wang-li's family situation, wang-li shares his concerns about his ability to complete his work responsibilities. Then luke asks questions and listens carefully to further understand wang-li's worries about the work. Luke learns that wang-li is especially worried because his family has invested so much into his career success. Which element of eq is most displayed in this case?
The element of eq that is most displayed in this case is: Empathy.
What is Empathy?Empathy is the quality of putting ourselves in the shoes of others. An empathetic person seeks to understand the situation of others.
Luke displayed empathy when he tried to understand Wang-li's family situation. An empathetic person listens and understands.
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The demand curve has what kind of slope?
Answer:
Downward slope.
Explanation:
The demand curve has a downward slope, representing the negative relationship between a product's price and quantity demanded.
In what ways would research (gathering information) have helped the founders of MyEvent move beyond their original wedding platform and remain relevant in the rapidly changing world of Internet businesses?
Research work enables one to know just the needs of one's customers and to meet their demands.
Researching for any events brings one to the fore or know or comprehend the nature of the customers which helps one to serve them better.
Effects of ResearchIn this world where change is constant, researching helps to understand the dynamics of the customer. Knowledge on the modern technology and lifestyle will definitely assist in serving better and ensure being in the market. It updates one's job to meet the needs of the customers.
In conclusion, to be relevant in this changing world, one needs to research into the nature of one's customer in order to serve them better and also be in Vogue.
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Martin has a controlling interest in Rowen's outstanding stock. At the current year-end, the following information has been accumulated for these two companies:
Separate Operating Income Dividends Paid
Martin $565,000 $105,000
(includes a $162,000 net gross profit in intra-entity ending inventory)
Rowen 300,000 75,000
Martin uses the initial value method to account for the investment in Rowen. The separate operating income figures just presented include neither dividend nor other investment income. The effective tax rate for both companies is 21 percent.
Required:
a. Assume that Martin owns 100 percent of Rowen's voting stock and is filing a consolidated tax return. What income tax amount does this affiliated group pay for the current period?
b. Assume that Martin owns 92 percent of Rowen's voting stock and is filing a consolidated tax return. What amount of income taxes does this affiliated group pay for the current period?
c. Assume that Martin owns 65 percent of Rowen's voting stock, but the companies elect to file separate tax returns. What is the total amount of income taxes that these two companies pay for the current period?
a. The income tax amount that the affiliated group (Martin owning 100% of Rowen) would pay for the current period is $147,630.
Income tax = $147,630 ($565,000 - $162,000 + $300,000) x 21%
b. The income tax amount that the affiliated group (Martin owning 92% of Rowen) would pay for the current period is $150,352.
Income tax = $150,352 ($565,000 + $300,000 - $149,040) x 21%
c. The income tax amount that the affiliated group (Martin owning 65% of Rowen) would pay for the current period is $159,537.
Income tax = $159,537 ($565,000 + $300,000 - $105,300) x 21%
What is intra-entity profit?An intra-entity profit arises when profits have not been unrealized because the assets are not consumed by or sold to any outside party. Such profits must be eliminated from the consolidated tax returns and financial statements.
Data and Calculations:Separate Dividends
Operating Income Paid
Martin $565,000 $105,000
(includes a $162,000 net gross profit in intra-entity ending inventory)
Rowen 300,000 75,000
Income tax rate = 21%
Intra-entity gross profit to be eliminated:
a. 100% ownership = $162,000
b. 92% ownership = $149,040 ($162,000 x 92%)
c. 65% ownership = $105,300 ($162,000 x 65%)
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Krista Lee can purchase a service contract for all of her major appliances for $180 a year. If the appliances are expected to last for 10 years and she earns 5 percent on her savings, what would be the future value of the amount Krista will pay for the service contract
The future value of the amount Krista will pay for the service contract is: $2,264.
Future valueUsing this formula
FV=Annual payment × Future value annuity factor
Where:
Annual payment =$180
Future value annuity factor=(10 years;5%)=12.5779
Let plug in the formula
FV=$180× (10 years;5%)
FV=$270 × 12.5779
FV=$2,264
Inconclusion the future value of the amount Krista will pay for the service contract is: $2,264.
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Consumer Protection Acts on Marketing Functions
Answer:
Marketing must not be misleading or deceptive, for example, suppliers must not: give untrue characteristics about themselves, or their goods or services; or. ... A supplier must advertise goods or services only if they are available and can be supplied.
An expense resulting from failing to take advantage of cash discounts when using the net method of recording purchases is called: Discounts earned. Purchases discounts. Discounts lost. Sales refund payable. Sales discounts.
The account that an expense is recorded in when a cash discount is not taken advantage of is known as Discounts lost.
What is the Discounts lost account?It is an account found in the general ledger that shows the amount that a company lost when it failed to pay within a certain period that would have allowed it to take advantage of discounts offered.
As it is an expense account, its normal balance will be a debit and will increase when discounts are lost.
In conclusion, option C is correct.
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John works in a medium sized office. Last year, the company hired Jane as John's new supervisor. Jane's management style includes berating her employees in front of the other office workers when something is not completed to her specifications. Over the year, John has been singled out by Jane more and more often and it has become a daily occurrence. John has been putting in extra effort in order to reduce the public humiliation being inflicted upon him, but he has been becoming ill more often than usual. According to General Adaptation Syndrome, which stage is John currently in
According to the General Adaptation Syndrome (GAS), John is currently in the third stage, which is exhaustion.
What is the General Adaptation SyndromeThe General Adaptation Syndrome states that the body goes through three stages of alarm, resistance, and exhaustion when it is exposed to any kind of stress, whether positive or negative.
At the exhaustion stage, if John does not resolve the stressors, perhaps by confronting Jane in a polite manner, it can lead to the development of physical and mental health problems.
Thus, John is currently in the exhaustion stage of the General Adaptation Syndrome.
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It costs about USD $640 to extract 1 troy ounce of Nevada gold from the mine. So how much does it cost to mine and extract the gold from 1 short ton of the Nevada ore
It would costs about USD $18,666,880 to extract 1 short ton of Nevada gold
EquationAn equation is used to show the relationship between two or more numbers and variables.
29167 troy ounce = 1 short ton
Since It costs about USD $640 to extract 1 troy ounce of Nevada gold, hence for one short ton:
Cost of extracting one short ton = $460 * 29167 = $18,666,880
It would costs about USD $18,666,880 to extract 1 short ton of Nevada gold
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The inventory costing method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also follows the actual flow of goods for most businesses is: Multiple Choice FIFO. Weighted average. LIFO. Specific identification. Lower of cost or market.
The inventory costing method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost is FIFO.
What is FIFO?
FIFO means first in, first out. It is an inventory cost method that assigns the cost of goods sold to the inventory that is first purchased. Ending inventory which is recorded in the balance sheet is made up of the inventory purchased the latest.
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The adjusted basis of an asset is: Multiple Choice The cost basis less any accumulated depreciation. The cost of the asset. The fair market value of the asset. The trade-in value of the asset.
Answer: The cost basis less any accumulated depreciation
Explanation: the adjusted basis of an asset is the cost less any accumulated depreciation. For example, a firm purchase an asset for $100,000. If has a 10 year useful life depreciated using the straight line method. So, the yearly depreciation is $10,000 per year. After 5 years, the adjusted basis of the asset would be $50,000 [100,000 - (5 x 10,000)].
The methods and rules the Federal Reserve uses to ensure the safety of your money is called _____.
monetary policy
interest rate
money supply
reserve ratio
Answer:
monetary policy
Explanation:
it produces economic growth
Which tool in Access will give you a detailed report showing the most accurate and complete picture of employee attendance grouped by days of the week over the past year
The tool in that will give me a detailed report showing the most accurate employee attendance at a time is Report Wizard.
What is Report Wizard?Report Wizard can be regarded as a tool which guides an individuals when going through the process of creating complex reports.
Report Wizard can help to know employee presence in days of the week over the past year.
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definition of medium term plans
ACTIVITY 3 TOTAL:86 3.1 Distinguish between BEE and BBBEE.
A company makes bikes from recycled metal. For a recent job lot of 200 bikes, the company incurred direct materials costs of $6,000 and direct labor costs of $2,000. Factory overhead applied to this job is $9,000. What is the cost per bike
Based on the number of bikes produced and the costs incurred, the cost per bike would be $85 per bike.
First find the total cost of producing all the bikes.
Total cost of production= Direct materials + Direct labor + Factory overhead
= 6,000 + 2,000 + 9,000
= $17,000
What is the cost per Bike?= Total cost of production / Number of bikes
= 17,000 / 200
= 85 bikes
In conclusion, it was $85 per bike.
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what is breakeven in dollars and units
Answer:
Explanation:
Break even point in accounting and economics is the point at which the total cost of producing goods and total revenue are equal i.e the point a business does not experience either loss or gain.
Break even Analysis is basically used in determining the number of units or dollars of revenue needed to cover total costs.
from the above analysis we are asked to find breakeven in dollars and units.
to find Breakeven in units = FIXED COSTS / (SALES PRICE PER UNIT - VARIABLE COSTS PER UNITS)
fixed costs remains the same = $27, 136
the company enacted 10% increase in the
new sales price per unit will be ( 100 + 10% = 110% 1.1
( 1.1 x 130 ) = 141.
new variable price per unit = ( 1.1 x 98) = 107.8
breakeven in units = 27,136 / ($141 - $107.8)
27,136/ 33.2 = $817.349 , to nearest whole number = 817.35
breakeven in dollars = Fixed price / Contribution Margin
since, 10% increment has been enacted, our contribution margin would change too.
we then calculate contribution margin with the formula
(Sale price per dollar– Variable costs per dollar)
sale price = 1.1 x 124800 = 137,800
variable cost per dollar = 1.1 x 94080 = 103,488
contribution margin = 137800 - 103488 = 34,312.
break even in dollar = fixed price / contribution margin
27136/ 34312 = $0.790
Which would be considered part of an employee’s salary?
amount of taxes that will be deducted each pay check
amount an employee can expect to earn in gratuities from customers
amount of money the employee will earn each month
amount of matching funds the employer will pay to a retirement account
Answer:
Amount of money the employee will earn each month.
How was the statis decisis doctrine used in case with digital enterprises
Answer:
that is the answer
look at it
Explanation:
please follow
A bank account pays interest at a nominal annual rate of 8.4%, compounded monthly. The account initially contains $100 and no new deposits are made, but any interest earned is kept in the account. To the nearest cent, what is the balance in the account after six years? (A) $108.73
Answer:
The ballance after six years will be $108.72 when rounded off to the nearest cent