The network connecting the various components of the value chain and coordinating materials, data, and funds from the initial raw material supplier to the final customer is referred to as the supply chain.
What is value chain?
From a product's initial design to its delivery to a customer, there are a number of sequential steps that make up a value chain. The supply chain identifies every stage of production, including the sourcing, production, and marketing phases, where value is added. A business analyses its value chain by analysing the specific processes involved in each stage of its operations. A value-chain analysis' goal is to boost production efficiency in order for a business can provide the most value for the least amount of money.
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nike sells golf clubs, swim wear, as well as footballs. however, nike is best known for its performance in designing and marketing of athletic shoes. this is known as nike's
This is known as Nike's core competency when Nike sells golf clubs, swim wear, as well as footballs. However, Nike is best known for its performance in shoes.
A Core Competency is a deep proficiency that allows a business to provide customers with unique value. It represents a company's collective learning, particularly how to co - ordinate varied production skills and combine various technologies. It is defined as "a coordinated combination of multiple resources and skills that distinguishes a firm in the marketplace" and is thus the foundation of a company's performance.
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congratulations! you just won the lottery for $3.75 million. you are given the option of receiving $1.8 million now or you can receive $150,000 at the end of every year for 25 years. if you can earn 5% interest on your investments annually, what is the value of the annuity option?
The value of the annuity option is $507,953.24 if $150,000 can be received at the end of every year for 25 years with a 5% interest annually.
The value of the annuity option of the lottery in which $150,000 can be taken at the end of every year with a 5% interest can be calculated using the compound interest formula as follows;
A = P (1 + r/n)^nt
Here A represents the final amount, P represents the initial principal balance, r illustrates the interest rate, n represents the number of times interest is applied per time period and t means the number of time periods elapsed.
Substituting the values in this equation;
A = 150,000 (1 + 0.05/1)^25(1)
A = 150,000 (1 + 0.05)^25
A = 150,000 (1.05)^25
A = 507,953.24
Hence, the value of the annuity option is calculated to be $507,953.24
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a friend wants to learn how the unemployment rate is calculated and how inflation is measured. he asks you which economics course to take and you advise him to enroll in group of answer choices either micro- or macroeconomics. they both concentrate equally on those issues.
A. Macroeconomics will be the course opted to learn about unemployment rate and inflation in country.
The study of macroeconomics examines factors that have an impact on the overall economy, such as inflation, unemployment, price levels, economic growth, economic decline, and their interactions.
In macroeconomics the unemployment rate is the proportion of grown ups who are in the labour force but do not have work, not the percentage of the adult population as a whole: Unemployment rate = Unemployed people/Total labour force 100
A macroeconomic measure called inflation shows how quickly prices for goods and services are increasing overall. In the end, it demonstrates the rupee's declining purchasing power. It is quantified in percentage terms. This percentage represents the change from the prior period, either upward or downward.
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Complete Question: A friend wants to learn how the unemployment rate is calculated and how inflation is measured. He asks you which economics course to take and you advise him to enroll in?
a. microeconomics.
b. either micro- or macroeconomics. They both concentrate equally on those issues.
c. macroeconomics.
d. financial accounting because economics doesn't address those topics in its courses
the audit report is important to the audit opinion formulation process since it communicates relevant information to the financial statement users, both internal and external, resulting from the audit.
It is TRUE that the audit report is important to the audit opinion formulation process since it communicates relevant information to the financial statement users, both internal and external, resulting from the audit.
A company's financial statements must adhere to generally accepted accounting standards (GAAP) and be free of major misstatements to be included in an auditor's report, which is a written letter from the auditor expressing their view.Usually, the company's annual report is released along with the report of the independent and external audit. The importance of the auditor's report stems from the fact that before making a loan to a firm, banks and creditors want an audit of its financial accounts.A report that is unqualified indicates that there may be problems whereas a report that is clean indicates that the organization followed accounting rules.An unfavorable report implies that the financial statements may have been inconsistent, inaccurate, or out of compliance with GAAP.Learn more about Audit report, here
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(this might sound like a silly question)
How have stuffed animals changed our lives? (make our lives better)
Having stuffed animals have indeed changed human lives and made them better by providing them with a sense of comfort and security.
What are the benefits of stuffed animals?Stuffed animals seem to have become an integral part of the lives of children as they are seen as companions and playthings by these children to keep from being bored and to have another source of friendship.
Stuffed animals are not limited to helping children alone however, because there are adults who enjoy having the company of stuffed animals for a variety of reasons ranging from cuddling to proof of affection from a loved one.
Some might think that it is silly to assume that stuffed animals have made human life better but they would be wrong. Research has shown that people who use stuffed animals feel a sense of comfort and safety when they are around these animals which is hugely important.
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The firm – stop producing additional units. If marginal product is – , the firm should continue production if it can sell the output for more than the – costs.
The firm should not necessarily stop producing additional units. If the marginal product is still high, the firm should continue production if it can sell the output for more than the input costs.
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. The change in output that results from using one extra unit of a certain input, given that the quantities of other inputs are held constant, is known as the marginal product or marginal physical productivity of an input.
The relationship between marginal cost and the marginal product is inverse: as one goes up, the other automatically goes down accordingly, and vice versa. The law of diminishing returns, a key idea in economics, can be used to explain the connection between marginal cost and marginal product.
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This positioning strategy highlights product use, as well as the exclusive services associated with that product, that competing products do not offer. True or false?.
It is a true statement that in application as competitive advantage, the positioning strategy highlights product use and exclusive services associated with that product that competing products do not offer.
What is known as Positioning Strategy?As most consumers would say that an innovative products, competitive pricing and excellent service are synonymous with these companies, then, an important step in developing key operational strategies depends upon how a company positions itself in the marketplace.
Basically, a positioning strategy refers to when a company chooses one or two important key areas to concentrate on and excels in those areas. This strategy often focuses on how it will compete in the market. So, an effective positioning strategy is expected to considers the strengths and weaknesses of the organization, the needs of the customers and market and the position of competitors.
In conclusion, the main purpose of a positioning strategy in marketing is that it allows a firm to spotlight specific areas where they can outshine and beat their competition.
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a price ceiling is a government-mandated group of answer choices minimum price below which legal trades cannot be made. maximum price above which legal trades cannot be made. minimum price above which legal trades cannot be made. maximum price below which legal trades cannot be made.
A price ceiling is a government-mandated maximum price above which legal trades cannot be made.
What is price ceiling?A price ceiling is a cap placed on the amount that can be charged for a good, service, or commodity by the government or another organization. The stated purpose of price caps is to shield customers from circumstances that would make items too expensive.
In New York City, for instance, officials establish price caps, or maximum rent rates, on each housing unit based on its maintenance and running costs. Until they reach that ceiling, the landlord may raise rent by 7.5% every two years to meet costs.
A price can't increase above a specific point because to price ceilings. When a price ceiling is set below the equilibrium price, supply will exceed demand, leading to shortages or excess demand. Prices are protected from falling below predetermined levels by price floors.
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pine corporation provides $1,000 of services on account with terms 2/10, n/30. if the customer takes the discount and pays within 10 days, pine will receive
Pine corporation provides $1,000 of services on account with terms 2/10, n/30. if the customer takes the discount and pays within 10 days, pine will receive 980.
Services (business), an aggregation of a service engagement with one or more services acts between two or more service systems creating service outcomesService (economics), the non-material equivalent of a good in economics and marketing, within a service–product continuumService economy, which increases the integration of services in other sectors of the economyService sector, the traditional tertiary sector of the economy,
discounts, allowances, and lower base prices for products and services. Discounting is a financial technique that allows a debtor to provide a creditor the right to postpone payment. Delay discounting is the reduction in perceived value of receiving a good later than when it is initially desired.
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this year luke has calculated his gross tax liability at $1,800. luke is entitled to a $2,400 nonrefundable personal tax credit, a $1,500 business tax credit, and a $600 refundable personal tax credit. in addition, luke has had $2,300 of income taxes withheld from his salary. what is luke'
Luke determined that his total tax obligation was $1,800. Luke can claim a $1,500 company tax credit, a $600 refundable personal tax credit. $600.00 is Luke's non-refundable credit (1800-2400).
Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures. Around 3000–2800 BC, Ancient Egypt experienced the first recorded taxation.
Laws have been established to penalize late payments as well as tax evasion and resistance. Direct taxes and indirect taxes can be paid in cash or in the work equivalent.
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the national institute of cancer used fmri brain imaging to decide which potential anti-smoking advertising campaign elicited the largest amount of brain activity. this is an example of which type of marketing research?
The national institute of cancer used firm brain imaging to decide which potential anti-smoking advertising campaign elicited the largest amount of brain activity Neuromarketing.
The very last step is to document the marketplace study's findings to folks who want the records to make decisions. The findings must be offered in a understandable layout so they may be effectively used withinside the anti-smoking advertising campaign and decision-making process.
The most important benefit of number one records is that they'll solution a selected studies query that secondary records cannot solution. Primary records are modern-day, and the supply of records is known. Observational records: watching humans and asking them questions (questionnaire records) are the 2 main methods to accumulate new or number one records for an advertising study.
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junhua is in charge of maintaining all the computers in the organization. additionally, whenever an employee has a problem with their computer, they call junhua. what type of power does junhua have in this organization?
Junhua has expert power in this organization. Expert power is a form of personal power, which implies that anyone, regardless of position, can cultivate it.
These types of power are frequently confused. Expert power is derived from experience or expertise, but role is frequently used as a proxy for expertise.
Expertise is a valuable asset to have. It provides managers with a strong power structure from which they can confidently manage people. In order to effectively lead people, professor of management Gary A. Yukl believes that expert power is more essential than reward-based or coercive power.
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What type of decision-support system analysis attempts to predict the impact of changes in the assumptions, that is, the input data, on the proposed solution?.
Sensitivity analysis support systems analysis attempts to predict the impact of modifications in the expectations, that is, the input data, on the suggested solution.
Systems analysis is the practice of watching systems for development or troubleshooting needs. It is used in the information technology field where the structure and design of computer-based systems call for a specific study. Systems analysis in IT can, among other things, examine how a software package or product is implemented by end users, examine source code in-depth to define the software development methodologies, or conduct feasibility studies and other types of research to support the use and creation of software products. Professionals that specialize in systems analysis are frequently asked to evaluate systems critically and suggest redesigns or modifications as needed.
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suppose marcy's medical machines operates in a perfectly competitive market and is producing its profit-maximizing level of output. suppose further that at this level of production its average total cost is $1500, average variable cost is $800, and its price is $1300. at this point in time, marcy should
Marcy's medical machines operates in a perfectly competitive market and the level of production its average total cost is $1500, average variable cost is $800, and its price is $1300. So that, Marcy should maintain her current level of production since she is earning a positive economic profit.
Level of production can be defined as the amount that is produced. Level of production is a way of classifying production. The amount of level production of a country is affected by the extent to which a country is able to exploit the resources available and the resources available.
Level of production can be divided into 4 types, such as:
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on september 1, your calendar year company rents a machine to another firm for $24,000 a year. if, at year-end, $15,000 has been received and recorded in rent revenue, what adjusting entry do you record at year-end?
Rent revenue 7,000
Unearned rent revenue of 7,000, is the adjusting entry record at year-end.
Sales and earnings are both nicely signs and symptoms for your commercial enterprise, however, they're now not interchangeable terms. each constitutes a crucial manner to apprehend your business. income describes profits generated through company operations, at the same time as income describes net income after deducting costs from income.
In accounting, revenue is the general amount of profits generated with the resource of the sale of goods and offerings related to the primary operations of the agency. commercial enterprise sales can also be referred to as income or as turnover.
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A home country wants to limit outward fdi flow. What policy should the country implement?.
Taxing domestic companies' overseas earnings at a greater rate than their domestic earnings is a home-country policy meant to restrict outbound FDI movement.
Taxing domestic companies' overseas earnings at a greater rate than their domestic earnings is a home-country policy meant to restrict outbound FDI movement. A local company will invest less abroad if its international earnings are taxed more heavily than its home earnings. They'll cut back on their FDI abroad. This will reduce the flow of FDI abroad.
A foreign enterprise or project that receives a foreign direct investment domestic (FDI) from a foreign investor, business, or government.
The phrase is typically used to indicate a commercial move to buy a sizable portion of a foreign company or to expand operations to a new domestic area. Typically, the phrase is not used to refer to a single stock investment in a foreign company. Because it establishes strong, long-lasting ties between economies, FDI is a crucial component of global economic integration.
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Answer:
Explanation:
Based on observations of what actually goes on in organization enacted values and norms are exhibited by employees
Values are something which hold importance in someone's life. These guide behaviour and help in making ethical decisions. Norms are rules that determine and regulate appropriate behaviour within the organization. Enacted values are the guidelines and norms that are actually followed by the organization’s employees on a daily basis.
Examples of enacted values and norms include accountability, honesty etc.
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an impact that the changing industry boundaries have had is that: owners of companies can now define boundaries. there is an increase in the number of competitors within an industry. technological changes do not affect companies anymore. the pattern of customer needs does not affect companies anymore. the number of product substitutes available for customers has reduced.
The main impact that the changing industry boundaries have had is that there is an increase in the number of competitors within an industry.
What is an industry boundaries?Basically, we can define an industry boundaries simply through the products and services they offer. For instance, the airline industry is the only industry that provides air transportation from one place to another and movie theaters show films.
In marketing, the need to understand the definition of industry boundaries is important because its helps the firm to better understand who its competitors are, the firm competitive advantages, disadvantages & those of its competitors, customers & their requirements, suppliers, implications of disruptive technologies and applicable rules for its market.
Therefore, the Option B is correct.
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what are the risks of partnering? select all that apply. group of answer choices slower time-to-market incompatible cultures loss of intellectual property, particularly trade secrets loss of autonomy and control lack of attention in managing the relationship
The risks of partnering are Loss of autonomy and control, Lack of attention in managing the relationship, Incompatible cultures, Loss of intellectual property, particularly trade secrets.
Any procedure or technique used by a firm that is often kept a secret from the public is considered a trade secret. Trade secret information is often the result of internal research and development and provides the company with a competitive edge over its rivals.
A corporation must make a reasonable attempt to keep the knowledge hidden from the public in order for it to be legally regarded as a trade secret in the United States. Additionally, the information must have informational value and intrinsic economic value. A company's intellectual property includes its trade secrets. A trade secret is not known to the general public, unlike a patent.
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The __________ view is that fdi has both benefits and costs. Fdi can benefit a host country by bringing capital, skills, technology, and jobs, but those benefits come at a cost.
The pragmatic nationalist view is that fid has both benefits and costs. Fid can benefit a host country by bringing capital, skills, technology, and jobs, but those benefits come at a cost.
What is the radical FDI perspective?According to the radical viewpoint, multinational corporations serve as imperialist instruments for exploitation of host nations. This viewpoint holds that no nation should accept FDI. By the end of the 1990s, the radical viewpoint had virtually disappeared due to the fall of communism.
What are the advantages and disadvantages of FDI to host nations?Employment growth and economic expansion.
Develop human resources.
3. Development in Regressive Areas
offering of finances and technology
Exports are increasing.
Rate of exchange stability.
Economic Development Stimulus.
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parkway void co. issued 14-year bonds two years ago at a coupon rate of 8.7 percent. the bonds make semiannual payments. if these bonds currently sell for 111 percent of par value, what is the ytm? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The annual return an investor will receive throughout the remaining term of the bond is expressed as a percentage and is referred to as the yield to maturity. It is determined by taking into account the cash flows that the bond will generate over its remaining life.
YTM = 4 % + 1 , 130.06 − $ 1 , 010 / $ 1 , 130.06 − $ 986.84 × (5%-4%)
4.83 percent per six months
Annual percentage is 9.66% (4.83% x 2)
The term "yield to maturity" means what?
Yield to maturity (YTM) is the overall rate of return a bond will have earned once it has paid all interest and repaid the principal. YTM is basically the internal rate of return (IRR) on a bond if held until maturity.
A bond with a 5% YTM should provide an annual return of 5% if kept until its maturity date.
Yield to maturity (YTM) is the overall interest rate that an investor earns on a bond when they purchase it at market value and hold it until it matures. It is, mathematically speaking, the discount rate at which the total of all upcoming cash flows—including principle repayment and coupon payments—equals the bond's price.
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zelda wants to move into a subdivision with her giraffe. which of the following would determine whether or not she could move into a home and keep her giraffe on the property? select one: a. police power because the police determine which pets are allowed in residential properties. b. building codes. c. urban planning with a restriction on regulating pets. d. zoning ordinances.
Zoning regulations, or option (d), is the answer that is right. Zoning ordinances because they frequently stipulate what kinds of animals are permitted in residential areas.
Zoning Ordinance: What Is It?An regulation known as a zoning code specifies the permitted uses for real estate within particular geographic zones. The applicability of particular geographic zones for residential or commercial uses is specified in zoning rules.
limits imposed by structural factors, such as building height and scale. For instance, a neighborhood may allow shopping but not big-box retailers. Height restrictions are also typical. This could enable a neighborhood to achieve a manageable density without using up the area's infrastructure and greenspace excessively.
What are municipal zoning laws supposed to control?Local laws govern how property is used and developed. The zoning code establishes the permitted uses for each of the land use districts or "zones" that the zoning maps that split the city or county into show.
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the following information is available: units in process, jan. 1 (60 percent converted) 2,000 units units in process, jan. 31 (30 percent converted) 1,000 units units started during the month 7,500 units total conversion costs accounted for during the month $237,600 materials are added at the beginning of the process. what is the cost per equivalent unit for conversion in jan. using the weighted average method?
The cost per equivalent unit for conversion in Jan. using the weighted average method is $30.
Under weighted average method,
Beginning inventory 2,000
Units started during the month 7,500
Ending inventory -1,000
Units completed and transferred out 8,500
ConversionUnits completed and transferred out 8,500
Ending work in process [1,000 x 30%] 300
Total equivalent units 8,800
ConversionCosts incurred $264,000
÷ Total equivalent units 8,800
= Cost per equivalent unit $30
Understanding the value of partially finished products to a corporation is done using the notion of equivalent units of production. They are helpful for process costing, or the study of cash flow in the production process.The amount of labour put into a specific quantity of physical goods is measured in equivalent units. You may easily determine equivalent units by multiplying the quantity of physical goods by the amount of work done on them.Learn more about Equivalent units, here
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shakira starts selling various homemade crafts in her front yard each saturday morning. she can not afford an attorney and so she does not prepare any paperwork. shakira's business is most likely a(n):
Shakira's business is most likely an: Sole Proprietorship
What is a Sole proprietorship?
Sole proprietorship is when a single person carries out the business on his own risk . He as an entrepreneur bears all loss and profit of the business and holds unlimited liability.
What is the main purpose of sole proprietorship?The main advantage of a sole proprietorship are the pass-through tax advantage, the easily creation, and the low fees for creation and maintenance. With a sole proprietorship, you don't requires to fill out a large amount of paperwork, like registering with your state.
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denise works for a cell phone company that provides almost 50% of wireless service in the country, and only 3 other companies are competing with them for customers. what degree of competition describes the wireless industry? group of answer choices
Answer:
The degree of competition that describes the wireless industry is oligopolies.
Explanation:
Telecommunication services lie under oligopolies. Oligopolies are basically a degree of competition that contains a small number of sellers, offering the same service. This results in small competition and one can dominate the industry easily.
Just like as Denise works for a cell phone company that provides 50% of wireless service in the country and only has 3 competitors in the market offering the same wireless service. Thus it lies under the characteristic of oligopolies.
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a. a public good is multiple choice 1 nonrival but excludable. rival but nonexcludable. rival and excludable. nonrival and nonexcludable. b. public goods are not privately provided because multiple choice 2 when goods are nonexcludable, there is too much competition for firms to earn a profit. when goods are nonrival, there is too much competition for firms to earn a profit. when goods are nonexcludable, those purchasing the good could allow others the use without requiring compensation. when goods are nonrival, those purchasing the good could allow others the use without requiring compensation.
A public good is both non rival and non excludable, because when goods are nonrival, there is too much competition for firms to earn a profit.
What are public good?Public good can be described as the commodity or service which can be access by all the member of the society in general, it can be seen as a those goods that are been provided by the government as a result of the money that is been generated by through the tax that is been collected from the member of the public.
It should be noted that when a good is been considered as nonrival goods then the goods can be seen as a result of the competition in the industry from those firms because they want to make so much profit hence the name non rival goods.
Therefore, option A is correct and option second option is correct.
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machines are good at low-skill, repetitive jobs, and at high-speed, extremely precise jobs. in both cases they work better than humans. this efficiency leads to a more prosperous and progressive world for everyone.
Robotic elements of human nature are replaced by machines, making people more human. Machines are good at low-skill, repetitive activities as well as high-speed, incredibly precise ones.
The end effectors, sensors, and Robotic elements are among the parts of most robots that may be changed by the operator. Batteries will require regular replacement for mobile robots. Robot arm mounts and mounting systems for fastening sensors are crucial robot accessories. It's also possible to swap out the robot's vision system. Of course, there are low-skill numerous additional smaller components as well, such as LED screens and keypads. It is outside the scope of this article to list them all.
You can get prices on robotic parts via HowToRobot. A list of more than 16,000 robotics vendors can be found on HowToRobot. This allows you to get a list of all the products that are low-skill offered. The specific parts that are best for your Robotic elements can be chosen by you. Additionally, you can assess the cost-effectiveness of rival items.
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The complete question is
Machines are good at low-skill, repetitive jobs, and at high-speed, extremely precise jobs. In both cases they work better than humans. This efficiency leads to a more prosperous and progressive world for everyone.
a price floor attempts to keep prices . select one: a. lower than the equilibrium price. b. at the equilibrium price. c. higher than the equilibrium price. d. constantly adjusting to quickly reach equilibrium
higher than the equilibrium price. Support price or minimum price is also called floor price, minimum support price is a law or regulation with holds the market price above the equilibrium price or higher than the equilibrium price.
In economics, economic equilibrium is a state of affairs wherein economic forces consisting of supply and demand are balanced and in the absence of external impacts, the (equilibrium) values of monetary variables will no longer trade. For example, in the fashionable textual content ideal opposition, equilibrium takes place at the point at which the amount demanded and quantity supplied are identical. Marketplace equilibrium in this example is a situation wherein a market fee is installed thru competition such that the amount of products or services sought with the aid of shoppers is identical to the number of products or offerings produced via dealers. This fee is frequently referred to as the aggressive charge or marketplace clearing rate and will tend not to exchange until the call for or supply changes and the amount is called the "competitive quantity" or market clearing quantity.
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the multiplier applied to earnings per share to determine current value of the common stock. multiple choice question. price-earnings ratio liquidity ratio return on capital earnings per share
Price-earnings ratio is the multiplier used to multiply earnings per share in order to calculate the common stock's current worth.
The price-to-earnings ratio evaluates the current share price in relation to the company's earnings per share (EPS). Other names for the price-to-earnings ratio include the price multiple and the earnings multiple.
Investors and analysts use Price-earnings ratio to evaluate a company's shares fairly in an apples-to-apples comparison. A company's performance can also be evaluated against its prior performance, and aggregate markets can common stock's be contrasted with one another or through time.
One of the methods that analysts and investors most frequently use to assess a stock's relative value is the price-to-earnings ratio (P/E). The P/E ratio aids in identifying common stock's an undervalued or expensive stock. The P/E ratio of a firm may also be compared to those of similar companies' equities or to the market as a whole, such as the S&P 500 Index.
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on april 1, year 1, maine corporation paid $10,100 cash in advance for a one-year lease on an office building. assume that maine records the prepaid rent as an asset and that the books are closed on december 31.
The payment for one-year lease and the related adjusting entry in order to recognize rent expense in an accounting equation is shown below.
Maine Corporation
The Accounting equation for the year of 2016 is shown
Event Cash Prepaid rent = Common stock
Retained earnings
Paid rent in advance ($10,100) $10,100 =
Adjusted rent expenses ($8,383) = ($8,383)
Total ($10,100) $1,717 = $8,383
Shown below is the calculation of adjusted rent expense -
The adjusted rent expenses = The prepaid rent × No. of months /Total months in a year.
= $10,100 × 10 / 12
=$8,383
Hence, so the adjusted rent expenses are $8,383.
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a tariff is a: limit on the quantity of a good that can be exported. tax on imported products. tax on exported products. limit on the quantity of a good that can be imported.
A tariff is a tax on imported products Option(b) is correct. Tariffs are among the most broadly utilized instruments of protectionism, alongside import and commodity shares.
What is a Tariff?A Tariff is a tax forced by the public authority of a nation or by a supranational association on imports or products of merchandise.
Other than being a wellspring of income for the public authority, import obligations can likewise be a type of guideline of unfamiliar exchange and strategy that taxes unfamiliar items to support or protect homegrown industry.
Tariffs can be fixed (a steady total for each unit of imported products or a level of the cost) or variable (the sum fluctuates as per the cost). Taxing imports implies individuals are less inclined to get them as they become more costly.
Therefore Option(b) is correct.
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