Answers
A movement along the supply curve represents a change in quantity supplied in response to a change in price. The correct answer is option B, "shift of; movement along."
A shift of the supply curve indicates a change in supply, which can be caused by factors such as changes in production costs, technology, or the number of suppliers. On the other hand, a movement along the supply curve represents a change in the quantity supplied, which is caused by a change in the price of the good or service. In summary, a shift of the supply curve represents a change in supply, while a movement along the supply curve represents a change in the quantity supplied.
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Related Questions
The following balances were extracted from the books of VE Enterprise on 31 December 2021.
Particular RM RM
Capital 50,000
Motor vehicles 90,000
Fixtures & fittings 48,500
Inventory as at 1 January 2021 32,200
Allowance for doubtful debts 500
Accumulated depreciations as at 1 January 2021:
Motor vehicles 16,000
Fixtures & fittings 10,400
3% fixed deposit 30,000
4% bank loan 50,000
Sales 199,070
Purchases 73,500
Sales returns 2,050
Purchases returns 2,120
Discount allowed 2,550
Discount received 2,830
Account receivables 37,700
Account payables 48,650
Carriage inwards 3,570
Interest received 450
Commission received 2,600
Salaries 16,100
Electricity bills 5,400
Custom duty on purchases 3,000
Insurances 450
Maintenance expenses 3,300
Drawing 2,300
Cash in hand 6,800
Cash at bank 25,200
Additional information:
1. Inventory as at 31 December 2021 18,180
2. Depreciation for the year ended 31 December 2021 has yet to be provided as follows:
a. Fixtures & fittings: 10% using straight line method
b. Motor vehicles:15% using reducing balance method.
3. Electricity bills was paid in advanced by RM500. Meanwhile RM400 commission are not
received yet.
4. One of the customers Amri Sport Enterprise was declare bankrupt and unable to pay the
debt amount RM700
5. The provision for doubtful debts is to be adjusted to 5% based on remaining account
receivables
6. Salaries are accrued by RM140.
3
7. ‘Purchases’ include goods valued at RM1,040 that were withdrawn by Azwin for her own
personal use.
Required:
a) Prepare Income Statement for the year ended 31 December 2021
(15 marks)
b) Prepare Statement of Financial Position as at 31 December 2021
Answers
a. The Income Statement for the year ended 31 December 2021 is RM80,360.
b. The Statement of Financial Position as at 31 December 2021 is RM206,645.
a) Income Statement for the year ended 31 December 2021:
Sales: RM199,070
Less: Sales returns: RM2,050
Net Sales: RM197,020
Cost of Goods Sold:
Opening Inventory: RM32,200
Purchases: RM73,500
Less: Purchases returns: RM2,120
Add: Carriage inwards: RM3,570
Goods Available for Sale: RM107,150
Less: Closing Inventory: RM18,180
Cost of Goods Sold: RM88,970
Gross Profit: RM197,020 - RM88,970 = RM108,050
Operating Expenses:
Discount allowed: RM2,550
Salaries: RM16,100 + RM140 = RM16,240
Electricity bills: RM5,400 - RM500 = RM4,900
Custom duty on purchases: RM3,000
Insurances: RM450
Maintenance expenses: RM3,300
Total Operating Expenses: RM30,340
Net Profit before Non-operating Items:
Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710
Non-operating Items:
Interest received: RM450
Commission received: RM2,600 - RM400 = RM2,200
Total Non-operating Items: RM2,650
Net Profit before Tax:
Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360
b) Statement of Financial Position as at 31 December 2021:
Assets:
Non-current Assets:
Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500
Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650
Total Non-current Assets: RM120,150
Current Assets:
Inventory: RM18,180
Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815
Prepaid electricity bills: RM500
Cash in hand: RM6,800
Cash at bank: RM25,200
Total Current Assets: RM86,495
Total Assets: RM206,645
Liabilities and Equity:
Equity:
Capital: RM50,000
Retained Earnings: RM80,360
Total Equity: RM130,360
Current Liabilities:
Account payables: RM48,650
Bank loan: RM50,000
Total Current Liabilities: RM98,650
Total Liabilities and Equity: RM206,645
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1. Demand-pull inflation may be caused by:
Answers
Answer:
Demand-pull inflation can be caused by an expanding economy, increased government spending, or overseas growth.
Explanation:
QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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why does the united states operate under a dual banking system?
Answers
Answer: Under the dual banking system in the United States, banks are afforded a choice in primary regulator and under which laws they will be chartered: state or federal. The coexistence of these two parallel systems allows for healthy market competition.
As a result of the country's dual banking system, banks have the option of choosing either a state or federal legislation as their principal regulator and the laws under which they would be chartered.
What is the system?A system is a group of moving or interrelated elements that act according to a set of rules to form a unified whole. A system, surrounded and influenced by its situation, is described by its boundaries, structure, and function and shown in its functioning. Systems are the subjects of study of systems theory and other schemes sciences.
These two parallel systems coexisting promote healthy market competitiveness.When banks under federal and state supervision coexist, the system is referred to as a dual banking system.
Because banks frequently failed in the past owing to a lack of controls and capital under a central banking system, the United States now runs on this structure.
Therefore, system, banks have the option of choosing either a state or federal legislation
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price an investor pays to purchase outstanding bond
Answers
The price an investor pays to purchase an outstanding bond is typically referred to as the "purchase price" or "transaction price." This price is determined by various factors, including the bond's face value, coupon rate, current market interest rates, and the remaining time to maturity.
When a bond is traded on the secondary market, its price may differ from its face value. If the bond's coupon rate is higher than the prevailing market interest rate, the bond may be sold at a premium, meaning the purchase price will be higher than the face value. Conversely, if the coupon rate is lower than the market interest rate, the bond may be sold at a discount, and the purchase price will be lower than the face value.
The purchase price of a bond is influenced by supply and demand dynamics, credit rating changes, economic conditions, and investor sentiment. It is important for investors to consider these factors when determining the price they are willing to pay for an outstanding bond in order to achieve their desired yield or return on investment.
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Al Darby wants to withdraw $21300 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 11% compounded annually?
Answers
Answer:
PV= $78,722.61
Explanation:
Giving the following information:
Annual pay= $21,300
Interest rate= 11%
Number of periods= 5 years
First, we need to calculate the future value of the payments:
FV= {A*[(1+i)^n-1]}/i
A= annual pay
FV= {21,300*[(1.11^5) - 1]} / 0.11
FV= $132,652.17
Now, the initial deposit:
PV= FV/(1+i)^n
PV= 132,652.17/1.11^5
PV= $78,722.61
Prove:
Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]
Annual withdraw= (78,722.61*0.11) / [1 - (1.11^-5)
Annual withdraw= $21,300
5. Suppose economies A and B have the same initial level of GDP per capita at $15,000, and each economy begins with a constant growth rate of 1 percent per year. (Neither country has good institutions for economic growth at first.) Then Country A enters an era of political stability, establishes property rights, and installs incentives for entrepreneurship. Country A's economic growth rate consequently improves to 5 percent. Assuming population growth rates remain unaffected, how much longer will it take Country B to double its per capita GDP level compared to Country A? (If your answer is 5 year, please enter 5)
Answers
Answer:
56
Explanation:
The rule of 70 can be used to determine the amount of years it would take the GDP of a country to double given its growth rate
Number o year for GDP to double = 70 / growth rate of country
for country A = 70 / 5 = 14 years
for country B = 70 / 1 = 70 years
70 years - 14 years = 56 years
NBM common stock recently paid annual dividend in the amount of $2.25 per share. The analyst’s estimate of the firm’s growth forecast over the next 4 years is 18.00% and over 3 years after that of 16.5%. You expect the firm to slow down in the long run and estimate the long-term growth rate after 7 years to be 6.5%. If the required rate of return on the stock is 11%, what is your estimate of the stock price?
Answers
Using the dividend discount model with given growth rates and required rate of return, the estimated stock price for NBM common stock is calculated by discounting future dividends, resulting in the stock price.
To estimate the stock price of NBM common stock, we can use the dividend discount model (DDM) which calculates the present value of future dividends.
First, let's calculate the dividends for the next 7 years:
Year 1: $2.25 (given)
Year 2: $2.25 * (1 + 18%) = $2.655
Year 3: $2.655 * (1 + 18%) = $3.1399
Year 4: $3.1399 * (1 + 18%) = $3.7029
Year 5: $3.7029 * (1 + 16.5%) = $4.3177
Year 6: $4.3177 * (1 + 16.5%) = $5.0273
Year 7: $5.0273 * (1 + 6.5%) = $5.3485
Next, let's calculate the present value of these dividends using the required rate of return of 11%:
PV = D1 / (1 + r) + D2 / (1 + r)^2 + ... + D7 / (1 + r)^7
PV = $2.25 / (1 + 0.11) + $2.655 / (1 + 0.11)^2 + $3.1399 / (1 + 0.11)^3 + $3.7029 / (1 + 0.11)^4 + $4.3177 / (1 + 0.11)^5 + $5.0273 / (1 + 0.11)^6 + $5.3485 / (1 + 0.11)^7
Finally, summing up the present values, we can estimate the stock price:
Stock Price = PV
Calculating this equation will give the estimated stock price of NBM common stock.
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Question 4 of 20
Which of the following describes the Railway Labor Act of 1926?
OA. Removed barriers on workers to organizing labor unions and
enacting strikes
B. Enacted laws to prevent union leaders from misusing union
members' dues and fees
OC. Established the rights of most workers to take part in collective
bargaining
OD. Guaranteed the rights of workers to organize unions in the
transportation industry
SUBMIT
Answers
Removed barriers on workers to organizing labor unions and enacting strikes of the following describes the Railway Labor Act of 1926..
The correct option is A.
What is labour law ?Labor law is a broad field of law that regulates issues including employment, compensation, working conditions, trade unions, and labour relations. The phrase encompasses both social security and disability insurance in its broadest sense.
How are workers and employers protected by labour laws?The goals of labour law include redressing the power disparity between employees and employers, preventing wrongful termination of employees, establishing and maintaining procedures that acknowledge employees as "equal" stakeholders in discussions about working conditions, etc.
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Assume that you and your classmates are board members of a child care and education center for 60 preschool children located in a community center building. They had asked you to set up the program four years ago. Now the community center director feels he needs your space for additional adult activities during the day. You need to move out of the building in 30 days. What will you do? Consider all the options, and then make a plan.
Answers
The best plan for you would be to write to the education board regarding the issues that you are facing.
What are the functions of the local education board?The education board in a local area can help to do the following
Employ a school superintendentdevelop school policiesDevelop curriculumTake care of all issues that have to do with facilities.Hence the best thing would be to let them know of the issues you are facing in order to determine the best help necessary.
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Question 8 of 10
Which of the following responses is the most ethical way to deal with a
problem?
A. Hire a public relations firm to deal with the media fallout.
B. Consider what effects your actions would have over the long term
if they were discovered.
C. Discover who was responsible and terminate their relationship
with the company.
D. Assume that the customer is always right.
Answers
Answer:
B
Explanation:
If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.
Out of the choices provided above, it can be concluded to state that considering the effects of one's actions over a long term discovery is one of the ideal responses, and an ethical way to deal with a problem. Therefore, the option B holds true.
What is the significance of an ethical problem?An ethical problem can be referred to or considered as one of the most critical concern for the smooth functioning of a working organization. It is needed to be dealt in an effective way using relevant solutions that can derive positive outputs for the organization.
The consequences of a problem may be ambiguous in nature, and thus, it becomes important to review them well by taking the effects of actions into consideration, and what influence they could have on the organization in the longer run.
Therefore, the option B holds true and states regarding the significance of an ethical problem.
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Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
Answers
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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WBS for the knowledge area of Human/Resource Management for a low-cost housing project
Answers
Here's an example of a WBS for the knowledge area of Human/Resource Management for a low-cost housing project:
The wbs for a knowledge area of Human/Resource Management for a low-cost housing projectHuman/Resource Management
1.1 Staffing Plan
1.1.1 Define project roles and responsibilities
1.1.2 Identify required staffing resources
1.1.3 Determine the project team structure
1.1.4 Develop a staffing plan and budget
1.2 Recruitment and Selection
1.2.1 Create job descriptions and specifications
1.2.2 Advertise and promote job openings
1.2.3 Review resumes and conduct initial screenings
1.2.4 Conduct interviews and select candidates
1.2.5 Perform background checks and reference checks
1.2.6 Extend job offers and negotiate terms
1.3 Training and Development
1.3.1 Assess training needs for project team members
1.3.2 Develop a training plan and schedule
1.3.3 Conduct training sessions and workshops
1.3.4 Provide on-the-job training and mentoring
1.3.5 Evaluate training effectiveness and adjust as needed
1.4 Performance Management
1.4.1 Set performance expectations and goals
1.4.2 Monitor and assess individual and team performance
1.4.3 Provide feedback and coaching to improve performance
1.4.4 Conduct performance appraisals and evaluations
1.4.5 Identify and address performance issues or conflicts
1.5 Resource Allocation
1.5.1 Identify project resource requirements
1.5.2 Allocate resources based on project needs
1.5.3 Monitor resource utilization and availability
1.5.4 Optimize resource allocation to meet project objectives
1.6 Stakeholder Management
1.6.1 Identify project stakeholders and their interests
1.6.2 Develop a stakeholder engagement plan
1.6.3 Communicate and manage stakeholder expectations
1.6.4 Address stakeholder concerns and resolve conflicts
1.6.5 Maintain positive relationships with stakeholders
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Cobe Company has already manufactured 23,000 units of Product A at a cost of $30 per unit. The 23,000 units can be sold at this stage for $450,000. Alternatively, the units can be further processed at a $250,000 total additional cost and be converted into 5,900 units of Product B and 11,400 units of Product C. Per unit selling price for Product B is $109 and for Product C is $54. 1. Prepare an analysis that shows whether the 23,000 units of Product A should be processed further or not.
Answers
Answer:
Net advantage from further processing $558,700
Explanation:
A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .
$
Sales revenue after the split-off point
Product B ( 5,900 ×109) 643,100
Product C (11,400× $54) 615,600
Sales revenue at the split-off point 450,000
Additional sales revenue 808,700
Further processing cost (250,000)
Net advantage from further processing 558,700
Note that all costs incurred up to the split-off points are irrelevant i.e $30 per unit to produce product A. Whether or not the products are processed further they would be incurred. As such, they would not be considered in the analysis.
The least expensive type of marketing research method is a(n)
Answers
Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Sales $ 71,000 Accounts receivable increase $ 6,000 Expenses: Inventory decrease 4,000 Cost of goods sold 38,000 Salaries payable increase 900 Salaries expense 11,000 Depreciation expense 6,000 Net income $ 16,000 Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
Answers
Answer:
Net Cash provided by Operating Activities $20,900.00
Explanation:
Cash Flows from Operating Activities
Net Income $16,000.00
Adjustments to reconcile Net Income:
+ Depreciation expenses.
$6,000.00
- Increase in Accounts receivables.
($6,000.00)
+Decrease in Inventory
$4,000.00
+Increase in Salaries Payable.
$900.00
Net Cash provided by Operating Activities $20,900.00
mary a second year college student wants to earn extra pocket money.she is good with making hamburgers,so she is considering opening up a hamburger stall on weekends at the local flea market near the campus
Answers
The answer is , since we know that each hamburger costs R5 to make, and Mary would like to sell her double cheeseburgers at the same price as her major competitor, R15 each.
What to do-
In order to cover her costs, she needs to sell enough hamburgers to generate R2000 in revenue. Since each hamburger is sold for R15, this means she needs to sell 133.33 hamburgers per day:
R2000 ÷ R15/hamburger = 133.33 hamburgers/day.
It is good to note that she needs to sell more hamburgers than her competitors, to generate the same amount of money while having additional costs.
What does a company' revenue mean?Revenue for a company is its gross income before deducting any costs. Revenue is the financial benefit from sales and/or services provided and is defined by profits and total earnings.
Difference between revenue and profit?Profit refers to net income after deducting expenditures from earnings, whereas revenue refers to income produced via company activities.
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The monthly demand for a part is 1,500 units.
(a) EOQ, (b) annual holding cost, (c) annual order cost, and (d) annual total inventory cost.
Answers
Explanation:
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Target market demographics can help you determine which ____________________ would be most effective for marketing.
A) business card fonts
B) social media platforms
C) style of flyers
Answers
Target market demographics can help you determine which social media platforms would be most effective for marketing. Thus, the correct answer is option B.
A target market is a group of people who have been selected as the most likely potential purchasers for a product based on factors such as age, income, and lifestyle.
When a company creates, packages, and advertises its product, identifying the target market is an important element of the decision-making process and helpful in marketing. Everyone who can be defined as belonging to a given age group, income level, gender, occupation, and education level is included in the target market demographics.
Therefore, the appropriate answer is option B.
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what are other business functions get more of importance. why
Answers
What is installment debt?
Answers
no se inglés mano / I don't know English, I'm from Mexico
Answer:an installment is a loan that is repaid in regular installments.
Explanation:meaning of installment a sum of money due as one of several equal payments of something
Nonrational decision-making models, such as ________, describe how managers
sometimes make decisions
Answers
Jason is shopping at Hollister. Hollister has a sale: spend $100 saves 10%. If Jason buys clothes that costs $100, how much will he pay after he receives the discount? Jason is shopping at Hollister. Hollister has a sale: spend $100 saves 10%. If Jason buys clothes that costs $100, how much will he pay after he receives the discount?
Answers
Answer:
$90
Explanation:
Hollister has an offer of 10% savings for every purchase.
Jason buys clothes for $100. His savings will be 10% of $100
=10/100 x100
=0.1 x 100
=$10
Jason will pay
=$100 - $10
=$90
Jason will pay $90
finance and financial planning professionals have to work with clients on a (what) basis?
monthly
daily
weekly or
rare
Answers
Monthly customer interaction is necessary for those in finance and financial planning. As a result, choice (A) is right.
According to common use, a financial planning is a thorough assessment of a person's present financial situation and anticipated future financial status that uses current known variables to forecast future earnings, asset values, and withdrawal schedules.
A budget that organizes a person's finances is frequently included in this, as well as perhaps a list of actions or precise objectives for interaction future spending and saving.
This plan divides up future income into several categories of costs, such rent or utilities, while also setting aside a portion for both short- and long-term savings.
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Identify different ways of interpreting the Constitution. (Site 1)
Answers
Answer:
1. Living Constitution: Many authors claims that law can be interpreted on this way , which is to believe that Constitution has many meanings and that changes with the contemporary societies , when found main constitutional phrases to interpret.
Originalism: On this kind of interpretation, many authors says that Constitution and all its statements have to be interpreted on the way that originally all the people at the time did back in 1776.
Textualism: Here several authors claims that no one can give other meaning that one that stands in the statement on the law. Its a formalism form of interpretation and the main interpretation is based on the meaning of the legal text.
Purposive Approach: Many Authors like Aharon Barak claims that common law courts can interpret a statute, part of a statute, or a clause of a constitution within the context of the law's purpose.
Strict Constructionism: Strict constructionism claims that has to give a narrow, or strict, interpretation to a legal text, like the U.S. Constitution to any judge. It means that a judge can interpret a text ONLY as it is written.
2.It is called a "living document " because no law can be passed that would contradict its principles but it also allows for changes.A living document is a document that can be changed as new things come up.
3.The Constitution has laid out four paths for amendments.ratification by state legislatures. They describe the path that has been used for most amendments.
Explanation:
Answer:1. Living Constitution: Many authors claims that law can be interpreted on this way , which is to believe that Constitution has many meanings and that changes with the contemporary societies , when found main constitutional phrases to interpret.
Originalism: On this kind of interpretation, many authors says that Constitution and all its statements have to be interpreted on the way that originally all the people at the time did back in 1776.
Textualism: Here several authors claims that no one can give other meaning that one that stands in the statement on the law. Its a formalism form of interpretation and the main interpretation is based on the meaning of the legal text.
Explanation:
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Buy US Passport, Buy EU Passport, Buy Canadian Passport, Buy Australian Passport.
For more information, visit https://www.passportexpeditenetwork.com/
Answers
What is the deference between research and report
Answers
can a ledger be prepared manually or by computer?
Answers
Drawing the Form – Get pen and paper, start drawing the ledger account.
Posting transactions from journal to respective ledger account.
Folioing – Put the page number for a journal entry on the ledger account’s folio column.
Casting – Separating debit and credit amount.
Balancing – find the difference between debit and credit to get debit or credit balance of the account.
Taxes that include Social Security and Medicare withholdings.
Answers
You buy a hula hoop at Wal-Mart. Does it Count towards GDP?
If yes, Which component of GDP is it?
If no, why is it not counted?
Answers
Answer:
If you buy a hula hoop at Wal-Mart, it would count towards GDP. It would be counted as a part of the consumption component of GDP since it is a final good purchased by a consumer.
GDP stands for Gross Domestic Product, which is the monetary value of all final goods and services produced within a country's borders in a specific time period. The hula hoop is a final good since it is purchased by the end consumer for their own use and is not used as an input in the production of another good. As such, its purchase would contribute to the consumption component of GDP.
However, if the hula hoop is produced and sold in another country, it would not be included in the GDP of the country where it was purchased. Additionally, if the hula hoop is purchased in a second-hand market, it would not be included in GDP since it is not a newly produced good.
Explanation:
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