Firms in perfectly competitive markets are considered price takers because they do not set the price of their goods and services.
What is a price taker?This refers to a supplier who does not set the price at which they sell their own goods and services but rather takes the price set by the market.
Perfectly competitive markets are like this because suppliers have to face a lot of competition.
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What is not true about dod travel policy?
What is not true about dod travel policy is: An AO can approve payment for items not addressed by the JTR.
DoD travel policyDoD which full meaning is Department of Defense travel policy is a policy that tend to payback the expense incurred when a staff travel due to official assignment.
Based on the policy an AO cannot approve expenses reimbursement for things that are not address by the JTR.
Therefore the statement is false.
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Sunk costs are costs that ____. Multiple choice question. will not contribute to profits in the long run even if a project is accepted have already occurred and are not affected by accepting or rejecting a project relate to other projects of the firm cannot be measured
A sunk cost is a cost that have already occurred and are not affected by accepting or rejecting.
What is a sunk cost?These refer to costs that the business has already incurred and so cannot recuperate regardless of whether they accept a project or not.
They therefore have no say on a project's acceptance and should not be included in any project analysis.
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g The international Fisher effect: Group of answer choices is an example of absolute PPP focuses on changes over time in the relative price of traded baskets of goods and services between two countries none of the answers is correct is the difference in nominal interest rates across countries reflecting the difference in expected rates of inflation in those countries explains how the financial market prices one country's currency in terms of another's
The international Fisher effect is the difference in nominal interest rates across countries reflecting the difference in expected rates of inflation in those countries.
What does the Fisher effect show?It shows that the nominal rate of interest in a nation usually follows the inflation rate because an inflation-adjusted rate needs to be formed.
This then leads to a change in exchange rates between countries because the difference in nominal rates shows the difference in inflation which is what devalues or appreciates a currency.
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Which feature is used to summarize data from multiple worksheets but does not require that the data be in the same location on every worksheet?
Consolidate data from each worksheet into a single worksheet to summarize and report results from several worksheets.
What is worksheet?
A group of cells arranged into rows and columns is referred to as a "worksheet" in Excel documents.
Data consolidation makes it possible to combine the information from various worksheets into one master worksheet.
In other words, the Data Consolidation function compiles information from a number of worksheets or workbooks into a single worksheet that you can quickly update.
As a result, data consolidation is summarizing data from multiple worksheets.
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Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discounted at 8% was $58,000. Ten annual lease payments of $8,000 are due each year beginning July 1, 2021. Smith Co. had constructed the equipment recently for $53,000, and its retail fair value was $58,000. What amount of interest revenue from the lease should Smith Co. report in its December 31, 2021, income statement
Smith Co. should report $4,900 amount of interest revenue from the lease in its December 31, 2021, income statement.
What is interest revenue?Interest revenue is the earnings that an entity receives from any investments it makes, or on debt it owns.
Explanation:- 6 month depreciation expense on leased equipment (July 1 to Dec 31) = Fair value of equipment / Estimated useful life *6/12
= $58,000/10 *6/12
= $2,900
Interest expense up to Dec 31, 2021 = (Total present value of lease payment - Lease payment on July1, 2021) *8% *6/12
= ($58,000 - $8,000) * 8% * 6/12
= $2,000
Hence, the total decrease in earnings in income statement would be $4,900( 2,900 depreciation + 2,000 interest expenses)
Therefore, the answer is $4,900.
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How does risk management differ from quality managemtn
A risk management differs from quality management because the risk management identifies areas of operational and financial loss.
What is a risk management?This refers to the layer of protection at the beginning of the process to identify hazards before production even begins.
What is quality management?This is the section involved in overseeing all activities that must be accomplished to maintain a desired level of excellence in a firm.
In conclusion, the risk management differs from quality management because the risk management identifies areas of operational and financial loss.
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Consumers usually buy a(n) _____ only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility
Consumers usually buy a shopping product only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility
Who are consumers?Consumer are individual or group of people who are willing to pay for a particular products or services they need.
Consumer often go around to compare prices and custom relations after which they decide who to buy from.
Therefore, Consumers usually buy a shopping product only after comparing several brands or stores on style, practicality, price, and lifestyle compatibility
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In order for a loan to come within the scope of the truth in lending act, the credit or loan must _____.
For a loan to be within the scope of the Truth in Lending Act, it needs to be $25,000 or less. Unless secured by a mortgage on real easte.
What does the Truth in Lending Act do?It is a federal act that was passed to stop creditors from using the lack of knowledge of debtors to make them heavily indebted by offering huge loans.
As a result of that act, loans now have to be $25,000 or less unless there is a mortgage on a real estate property that the creditor can use to recoup the loan in case of a default.
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The amount of a product an organization expects to sell during a certain period of time, based on a specified level of marketing effort, is called a:.
A sales forecast is the volume of merchandise that an organization anticipates selling over a given period of time, based on a predetermined level of marketing activity.
What exactly do you mean by marketing?
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing.
Sales forecasting is the act of determining how much a sales unit—which can be a single salesperson, a sales team, or an entire company—will sell over the course of the upcoming week, month, quarter, or year.
Thus, organizing expectations for sales during a given period of time refers to the sales forecasts.
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Which type of decision maker over-analyzes a given piece of information?
Agonizer is the type of decision maker over-analyzes a given piece of information.
What is decision in the organization?Decision is the important factor in the organization as the organization go on the decision take the people work in a firm. The decision can make or break the company and the good decision always beneficial for the company.
The options are missing in the question
A. Mystic
B. Agonizer
C. Submissive
D. Fatalist
Thus, option B is correct.
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A disadvantage of extending credit to customers is that the cost may ______ the additional sales revenue received through credit transactions.
Answer:
Exceed is the answer
Fixed expenses are $531,000 per month. The company is currently selling 4,000 units per month. The marketing manager would like to cut the selling price by $14 and increase the advertising budget by $35,000 per month. The marketing manager predicts that these two changes would increase monthly sales by 500 units. What
The overall effect on the company's monthly net operating income of this change is A. decrease of $18,000.
What is break-even analysis?The break-even analysis is an accounting tool to determine the point at which cost and income are equal and there is neither profit nor loss.
Using the break-even technique, companies can evaluate production and sales decisions to arrive at optimal decisions.
Data and Calculations:Fixed costs per month = $531,000
Sales units per month = 4,000 units
Reduction in selling price = $14
New selling price = $186 ($200 - $14)
New fixed costs = $566,000 ($531,000 + $35,000)
News Sales units per month = 4,500 units (4,000 + 500)
New Contribution margin per unit = $146 ($186 - $40)
New Contribution margin ratio = 78.5% ($146/$186 x 100)
Determination of Change in Net Operating Income:Old New Difference
Total Contribution $640,000 $657,000 $17,000
($160 x 4,000) ($146 x 4,500)
Fixed costs 531,000 566,000 -$35,000
Net operating income $109,000 $91,000 -$18,000
Question Completion with Answer Options:Data concerning Pellegren Corporation's single product appear below:
Per Unit Percent of Sales
Selling price $200 100%
Variable expenses 40 20%
Contribution margin $160 80%
What should be the overall effect on the company's monthly net operating income of this change?
A. decrease of $18,000
B. increase of $38,000
C. decrease of $38,000
D. increase of $58,000
Thus, the overall effect on the company's monthly net operating income of this change is A. decrease of $18,000.
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a a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.
It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.
What is competitive market?A perfect competitive market has a straight line graph on the demand of goods and services this means that the goods are sold at the market price. Monopoly market price are not regulated hence the curve is not straight.
Therefore, It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.
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identify the functions of an enhancer in transcription.
We can actually deduce here that the functions of an enhancer in transcription is:
A cis-regulatory element that regulates gene transcription in specific tissues or cells.Regulates transcription by catalyzing the formation of an enhanceosome, activating transcription.What is an enhancer?An enhancer in genetics refers to be a region of DNA that actually increases the chances of a transcription of a gene to occur. They are proteinous and usually referred to as transcription factors.
We can see here that the above are identified as functions of an enhancer in transcription.
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Cheng is a district manager for a health insurance company. recent reports indicated that cheng's district was not performing as well as other districts in his region. cheng thinks he has been a poor leader and blames himself for the decline in performance in his district. cheng's view of the situation is an example of:_________.
a) tolerance of failure.
b) low self-esteem.
c) need for affiliation.
d) external locus of control.
e) internal locus of control.
(B) is correct i.e. low of self esteem.
Self esteem means confidence in oneself, its overall your opinion what to do, what is your interest, what do you think about your abilities, & what are you limitations.District Manager, this is such a renowned position which requires a lot of self- confidence, good communication, leadership and many more. Here Cheng's point of view is very negative, he is full of low confidence in himself , don't have patience and leadership quality so that he can manage the situation in the district. From my point of view blaming yourself can't be the solution of it.Cheng's should have that much confidence in himself than only he can manage the situation & can bring his district over the other.Learn more about this here-
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How could U.S. currency lose value?
A.) is torn or dirty . B.)
It lacks the new security features.
C.)Too many legal bills are printed and in circulation. D.)Too many people are counterfeiting print money and using it.
Answer:
C.) Too many legal bills are printed and in circulation
Explanation:
If more money was printed there would be an artificial overabundance of money, but the supply of goods would not increase. This would lead to inflation which would lower the currency value.
Answer: Too many legal bills are printed and in circulation.
Explanation:
Moringa products corporation had common stock of $820,000 and retained earnings of $1,250,000 on january 1. during the year, $75,000 of common stock was issued. dividends of $48,000 were paid. for the year ended december 31, moringa reported a net income of $287,500. what is the retained earnings balance on december 31
Based on the beginning retained earnings balance and the net income as well as dividends, the retained earnings balance will be $1,585,500.
How much are retained earnings on Dec. 31?This can be found as:
= Beginning retained earnings + Net income + dividends paid
Solving gives:
= 1,250,000 + 287,500 + 48,000
= $1,585,500
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Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows:
Inventory Purchases Sales
Dec. 1 310 units at $88 Dec. 10 144 units at $90 Dec. 12 240 units
Dec. 20 240 units at $96 Dec. 14 166 units
Dec. 31 200 units
Assume that the business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit.
Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.
The cost of sales and the inventory balance at the given dates are:
Date Cost of sales Inventory Balance
Dec 12 $21,120 214
Dec 14 $14,800 48
Dec 31 $22,752 14
What is FIFO?FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold.
The items sold on Dec 12 would be taken from the beginning inventory.
Inventory left = (310 - 240) + 144 = 214
Cost of goods sold = 88 x 240 = $21,120
The items sold on Dec 14 would be taken from the beginning inventory and the items bought on Dec 10.
Inventory left = 214 - 166 = 48
Cost of goods sold = (88 x 70) + [(166 - 70) x 90] =
6160 +8640 = $14,800
The items sold on Dec 31 would be taken from the inventory purchase on Dec 10 and 20.
Inventory left = (48 + 240) - 200 = 88
Cost of good sold = (48 x 90) + [(240 - 48) x 96) =
4320 + 18,432 = $22,752
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what are examples of government legislation designed to protect the consumer? (choose every correct answer.)
Some examples of government legislation in the united states which is aimed at protecting consumers include the following.
Federal Food, Drug, and Cosmetic Act,Fair Debt Collection Practices Act the Fair Credit Reporting Act Truth in Lending Act Fair Credit Billing ActThe Gramm–Leach–Bliley ActHow does Government protect Consumers?Government provide legislation which helps in protecting consumers and their right.
These legislation ensures that producers and manufacturers do not exploit the consumers for lack of options.
The government does this by enacting laws that guarantees consumer protection thereby regulating the excesses in the market.
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what do i say to "tell me about yourself" in a job interview
(20 pts)
Answer:
1- Mention past experiences and proven successes as they relate to the position. ...
2- Consider how your current job relates to the job you're applying for. ...
3- Focus on strengths and abilities that you can support with examples. ...
4- Highlight your personality to break the ice.
Explanation:
Blank include long term investments such as real estate and retirement savings
A capital market is the market that include long term investments such as real estate and retirement savings.
What is a capital market?This refers to financial system that is particularly concerned with raising capital by dealing in shares, bonds, and other long-term investments.
Hence, because real estate and retirement savings forms part of long-term investments, they are part of capital market.
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Answer: Nonliquid assets
Explanation:
_______________ is the value of the best alternative given up when a choice is made.
Answer:
Opportunity costs
Hope it helps!
A decision that involves doing a little more or a little less of something is called a:.
Answer:
Marginal decision.
The purpose of requirements structuring is to: A. enable the analysts to gather information on what the system should do from as many sources as possible. B. enable the analysts to identify several feasible alternatives. C. enable the large amount of information gathered during requirements determination to be organized. D. enable the analysts to develop a baseline project plan quickly. E. collect information about the information systems that are currently in use.
The purpose of requirements structuring is option (c) i.e, to enable a large amount of information gathered during requirements determination to be organized.
What is requirements determination?Requirements In order to determine what the requirements are, how the system operates, and where improvements could be made, information must be gathered about the current system and studied. can include specific issues or characteristics as well as specifications for a new system.
The two contemporary strategies for determining needs, JAD and prototyping, were created and are based on the earlier conventional techniques.
Important Activities in Need Determination:
The system is being examined, and its attributes are being recorded for future research.At the core of system analysis, fact-finding methods, prototyping, and computer-aided tools are used to record and describe system features.To know more about requirements determination refer to: https://brainly.com/question/27992359
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Costs and price differences among competing companies can have origins in activities performed by a. the company's internally performed activities (its own value chain) compared to the cost structure of the internally performed activities of rival companies. b. value chains of the company's suppliers. c. value chains of a company's distributors and retail dealers and forward channel allies. d. the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies. e. whether the company has a longer or shorter value chain than its close rivals.
Costs and price differences among competing companies can have origins in activities performed by the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies.
What is value chain?Value chain is a process in which a company analyzes and examine its activities to find the competitive advantage to add value to its products and services.
Hence, costs and price differences among competing companies can have origins in activities performed by the company's internally performed activities (its own value chain), but also on costs in the value chain of its suppliers and distribution channel allies.
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the ______ is characterized by a commitment to equal opportunities in hiring and promotions, and does not directly link a work group’s productivity or success with diversity.
Discrimination-and-Fairness Perspective is characterized by a commitment to equal opportunities in hiring and promotions, and does not directly link a work group’s productivity or success with diversity.
What is the Discrimination-and-Fairness Perspective?This is the concept or terminology that is based on the fact that people are the same basically and have to treated the same way in their work places.
This perspective has to do with the fact that and that all forms of differences or awareness has to be reduced to a great minimum.
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Managing the Economy with Monetary Policy In this exercise you will be evaluating the economic condition of the country and making decisions in order to keep the economy level. The amount of money in circulation has a tremendous effect on the economy and inflation. Imagine if you found $100,000 in cash floating around your front yard. What would you do with it
The inference if one finds $100,000 in cash floating around your front yard is to take it to the police.
What is an inference?It should be noted that an inference simply means the conclusion that can be deduced based on the information given in a literary work.
In this case, the inference if one finds $100,000 in cash floating around your front yard is to take it to the police. This is essential to locate the owner.
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At which of the levels of market efficiency does the efficient market hypothesis support the technical analysis approach to future share price determination?
The efficient market hypothesis supports the technical analysis approach to future share price determination at Neither weak nor semi-strong efficiency.
What is Market Efficiency?
Market efficiency is the degree to which the market prices reflect all available information. It can also be known as an efficient-market hypothesis.
When an efficient market supports the technical analysis approach, it would be at neither weak nor semi-strong efficiency when determining the future price.
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Explains why it may take up to two years for a currency depreciation to make significant reductions in a nation’s trade deficit
It may take up to two years for currency depreciation to make significant reductions in a nation’s trade deficit. This is further explained below.
What is currency depreciation?Generally, Depreciation occurs when a currency's exchange rate declines in relation to other currencies.
In conclusion, Currency depreciation may have a major impact on a country's trade imbalance, but it may take up to two years to see those results.
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irs guidelines require specific information to substantiate deductible automobile expenses. which 3 items are included in the substantiation requirements?
The three items that are included in the substantiation requirements are:
Date Placed in ServiceThe total mileage; andVehicle Type.What is IRS guidelines?Internal Revenue Service Guidelines are guidelines that individuals and corporates must follow in order to be compliant with the requirements of the IRS.
Thus, it is correct to indicate that according to the IRS Guidelines, the three items that are included in the substantiation requirements are:
Date Placed in ServiceThe total mileage; andVehicle Type.Learn more about substantiation requirements at:
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