FILL IN THE BLANK Please add the appropriate word or words to complete the sentences. 1. Price ceilings are governmental price that are set the market equilibrium price. 2. This kind of policy typically creates a(n) because the quantity demanded the quantity supplied. 3. Price floors are governmental price that are imposed the market equilibrium price. 4. This kind of policy usually generates a(n) in the market because the quantity exceeds the quantity . 5. Shortages and surpluses are reflected in inventories. Inventory is the raw material to goods or the stocks of finished goods that are ready to be sold. g
Answers
Answer:
1. Price ceilings are governmental price that are set below the market equilibrium price.
2. This kind of policy typically creates a shortage because the quantity demanded exceeds the quantity supplied.
3. Price floors are governmental price that are imposed above the market equilibrium price.
4. This kind of policy usually generates a surplus in the market because the quantity supplied exceeds the quantity demanded.
5. Shortages and surpluses are reflected in inventories. Inventory is the raw material which is processed to goods or the stocks of finished goods that are ready to be sold.
Explanation:
Price ceilings, as a part of the price control mechanisms, seem to benefit the consumers, while price floors are attempts to support suppliers and producers. While they roll back the excesses of market forces in determining the prices of goods and services, some unintended consequences, including allocative inefficiencies, usually arise from price ceilings and price floors. Therefore, they should be applied sparingly.
Related Questions
Employees of Farm work Monday through Friday and are paid every Friday for work done that week. The daily payroll is $1600, and the last payday was Friday, December 27 . What is the required adjusting journal entry, if any, on tuesday , December 31?
Answers
Based on the information provided, the last payday was on Friday, December 27. Since the employees work Monday through Friday and are paid every Friday for work done that week, it can be inferred that the payday includes the work done up until Friday, December 27.
Therefore, there is no required adjusting journal entry on Tuesday, December 31, because the payroll expense for the week ending on December 27 has already been accounted for and recorded.
If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
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The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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There is a natural progression from one statement to the next. The following boxes represent the four financial statements. The set of financial statements is prepared at the end of each accounting period to communicate information about the company’s operations during that period to its users. Use the selection lists to demonstrate your knowledge of the relationships between the statements. In the headings, you will need to select the appropriate statement name and time period.(Hint: Ask yourself if the statement covers a period of time or if it is a snapshot at a given point in time.) Then complete the blanks following the headings.)
Statement:
ABC Company This statement shows how profitable a company is. It is sometimes referred to as the profit and loss (P&L) statement.
This statement summarizes the_______ Which item from this financial statement appears on the next financial statement?
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Answer:
Income Statement:
ABC Company This statement shows how profitable a company is. It is sometimes referred to as the profit and loss (P&L) statement.
This statement summarizes the_revenue and expenses______ .
Which item from this financial statement appears on the next financial statement?
Net Income
Explanation:
For instance, Company XYZ reports the Net Income (net profit) from the Income Statement to the Statement of Retained Earnings. This second financial statement shows the distribution of profits to Company XYZ's stockholders. From this second statement, the company takes an item known as the Retained Earnings to the next statement called the Balance Sheet (a snapshot of financial position). The last statement usually prepared as part of financial reporting is the Statement of Cash Flows, which classifies the financial (cash) activities of the business into three: Operating, Investing, and Financing activities. The Statement of Cash Flows shows the cash inflows and outflows during a period.
What do major area of study mean
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Answer:
the main area of study is the majoryou focus on to get your degree. It will be your core classes and/or the requirements needed to get your degree.
A good or service intended primarily for use in producing other goods or services is a ____ product.
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In recording the acquisition cost of an entire business: goodwill is recorded as the excess of cost over the fair market value of identifiable net assets. assets are recorded at the seller's book values. goodwill, if it exists, is never recorded. goodwill is recorded as the excess of cost over the book value of identifiable net assets.
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Does Ghana have competitive advantage in telecommunication industry outline with Porter's five forces elements
Answers
Answer:
Explanation:) Does Ghana have a competitive advantage in the telecommunication industry? Your answer must include the following elements:
a) A clear outline of Porter’s five force framework with supporting references.
[10marks]
The main purpose of a cover letter is to:
a. Get hired for a position
b. Be called in for an interview
C. Let your friends know how your job search is going
d. Obtain references from your network
Please select the best answer from the choices provided
0000
ABCD
Answers
The main purpose of a cover letter is to:
b. Be called in for an interviewWhy write cover letter?The chief aim of any cover letter is to acquaint oneself to a prospective employer, furnishing an effective summarization of one's talents, credentials, and allurement to the particular job position.
This letter is generally provided in accompaniment with a resume whenever applying for a job opening. An effectively composed cover letter is meant to seize the employer's eyesight and emphasize why you are the ideal candidate for that post, striving towards ultimately inexorable landing of an interview.
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watch the video " the best stats youve ever seen " then answer the questions.
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Answer:
the evonimy did thi sna s ithat
Explanation:
What is installment debt?
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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
Alpha and Gamma are friends since their childhood. They have got whole of their education in every
school jointly. Recently, both of them have graduated from a local business school getting degrees in
business management. After this graduation, they decided to start a business of online car rental. For that
purpose, they got developed a mobile application named Carg that can be run on all Android and Apple
smart phones. Further, they shared their business plan with a professional promotor to setup a new
business entity. With all the necessary documentation, the new entity has been successfully registered on
5
th of January 2023 with the SECP as a limited liability company in the name of Alpha Limited. It was
registered with the capital of Rs. 500,000 divided into 25,000 ordinary shares of Rs. 20 each. On 20th of
January, the new company offered 15,000 shares at par to the general public. On 23rd of January, the
company’s bank informed it that application money on 14,500 shares has been received from the general
public in the company’s bank account. Alpha’s management allotted shares to all the applicants on 31st of
January, 2023.
You are required to identify the kinds of share capital presented in this case describing briefly the
each kind.
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In the given case, the following kinds of share capital are presented like Authorized Share Capital, Issued Share Capital, Subscribed Share Capital, Called-up Share Capital, Paid-up Share Capital.
1. Authorized Share Capital:
The authorized share capital refers to the maximum amount of capital that a company is authorized to issue to its shareholders. In this case, the authorized share capital of Alpha Limited is Rs. 500,000, which represents the total value of shares that the company is allowed to offer to the public.
2. Issued Share Capital:
The issued share capital represents the portion of the authorized share capital that the company has actually issued and allotted to shareholders. In this case, the company has issued 25,000 ordinary shares of Rs. 20 each, amounting to Rs. 500,000.
3. Subscribed Share Capital:
The subscribed share capital is the portion of the issued share capital for which shareholders have subscribed or applied. It represents the shares that have been allocated to specific individuals or entities. In this case, the company offered 15,000 shares to the general public, and the applicants subscribed for 14,500 shares by submitting their application and the corresponding application money.
4. Called-up Share Capital:
The called-up share capital refers to the portion of the subscribed share capital for which the company has made a call for payment. Once the shares are allotted, the company may require shareholders to pay the amount due on their shares. In this case, it is not explicitly mentioned whether a call was made or if any amount was due on the shares.
5. Paid-up Share Capital:
The paid-up share capital represents the amount that shareholders have actually paid on their shares. It is the portion of the called-up share capital that has been paid by the shareholders to the company. In this case, it is not mentioned whether the applicants have made the payment for the allotted shares, so the status of the paid-up share capital is unclear.
It's important to note that further details about the share capital structure and transactions, such as the timing and amount of payments, would provide a more comprehensive understanding of the company's share capital.
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In your opinion, what are the forms of institutional advertising that are suitable for banks in Palestine with examples. Why??
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Answer:
Institutional advertising for banks in Palestine should take into account the cultural sensibilities of the country.
As a muslim country, banks should take into account not only local Palestinian culture, but also general islamic culture when developing their advertising.
Palestine also has complex foreign relationships. Banks should also take this into account in order to create advertising that is effectively catered to the Palestinian people.
Apart from a job search, a also helps in job advancement.
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Apart from a job search, a job portfolio also helps in job advancement.
What is a job portfolio ?A job portfolio is a collection of documents and materials that demonstrate your skills, achievements, and experiences in your field of work. It can include items such as your resume, letters of recommendation, examples of your work, certificates and awards, and other relevant documents.
Having a well-organized and comprehensive job portfolio can help you stand out from other candidates when applying for promotions or new job opportunities. It can provide evidence of your abilities and accomplishments, and demonstrate to potential employers that you are a qualified and capable professional. Additionally, a job portfolio can help you to keep track of your career progress and achievements, and provide a reference for your own personal and professional development.
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Match the descriptions to the relevant theories and laws.
Okun's Law
stagflation
demand pull inflation
unemployment and inflation have an inverse relationship
unemployment and inflation can both be high at some point
Philip's Law
for every 1% decrease in unemployment rate, there is a 2% increase in GNP
too much money chasing too few goods
Answers
Okun's Law-for every 1% decrease in unemployment rate, there is a 2% increase in GNP. stagflation-unemployment and inflation can both be high at some point.
Stagflation is a condition in which there is a combination of slow economic development, rising prices, and rising unemployment. Although coexisting with poor economic development and high inflation is uncommon, it has happened before and many people think it might again.
Stagflation is a lethal combination that can cause an economic collapse where expenses and costs of living keep increasing. These kinds of economic crises are frequently brought on by significant changes in supply and loose monetary policy, and they continue longer than typical recessions because there is no permanent solution.
Thus, demand pull inflation-too much money chasing too few goods. Philip's Law-unemployment and inflation have an inverse relationship.
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which business function is concerned with delivering a product or service to customers?
Answers
Answer:
Production
Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers
"which of the following is a disadvantage of franchising?
Franchisors face tariff and nontariff barriers when trying to enter a market.
Franchisors face a loss of control when they sell businesses to franchisees who are thousands of miles away.
Franchisors face power struggles and a lack of leadership when trying to adapt the franchisee's management practices.
Franchisors can eventually become competitors, especially when a licensing agreement includes access to important technology or proprietary business knowledge."
Answers
A disadvantage of franchising is that the Franchisors face a loss of control when they sell businesses to franchisees who are thousands of miles away. The Option B is correct.
What is a franchising arrangement?It means a form of marketing and distribution in which the owner of a business system (franchisor) grants to an individual or group (franchisee) the right to run a business selling a product or providing a service using the franchisor's business system.
A franchisees are also given permission to use franchisor's branding, trademarks, and identifying marks under specified guidelines but it is important for anyone deciding to start a business by becoming a franchisee to remember that in franchising the franchisee is bound to a partnership agreement with the franchisor for a defined period.
The advantages of franchising in this context includes:
Franchisors face tariff and nontariff barriers when trying to enter a market.Franchisors face power struggles and a lack of leadership when trying to adapt the franchisee's management practices.Franchisors can eventually become competitors, especially when a licensing agreement includes access to important technology or proprietary business knowledge."Read more about franchising
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Why was Sony willing to raise the price of its Playstation 3 over Playstation 2, causing a lower number of sales
Answers
The reason why Sony raised their prices on the Playstation 3 was because c. Although consoles were significantly more expensive than traditional videogame consoles, Sony was willing to concede some ground in the PlayStation battle to win the Blu-ray war.
Why was this the case?At the time, Blu-Rays were still gaining popularity and Sony wanted to tap into that popularity to become a market leader.
The Playstation 3 was Blu-ray equipped so Sony raised prices on it because they knew that they would make back profits when more people started buying blu-ray.
In conclusion, option C is correct.
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On January 1,2017 mr kebede borrowed 10000 br from awash international bank s.c at 12% interest rate compound semi annually for 3 years? A.calculate the amount of interest payment ?
B. Pass the necessary journal entry to record the borrowing &payment ?
Answers
$600 is the amount of the interest. The journal entry will include cash and interest account.
The information provided:
Amount that is borrowed = $10000
The interest rate = 12%
The interest is calculated on a semi-annual basis for 3 years.
The amount of interest payment is
= 10000 × 19/100 × 3/6
= 600
The entry's creation date. The time frame within which the recording must be made. The person's name who made the entry. The journal entry will include borrowing & payment accounts of the same.
Cash a/c (Dr.) 600
To interest a/c (Cr.) 600
(The interest will be calculated and charged by the bank)
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The variables in a future value of an annuity problem include all of the following, except:
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All of the variables listed below, with the exception of "Present value" are present inside a future value about an annuity problem.
Define the term future value of an annuity?You need to know the annuity payment amount, the number of periods, and the expected rate of return in order to estimate the future value of such an annuity.
The future value of annuities due payment will typically be greater than future value about an annuity since they frequently require an additional compounding time.The following equation can be used to calculate an ordinary annuity's future value. (Unlike an annuity due, which pays interest just at beginning of the period, the ordinary annuity pay the interest just at end of the period.)P =PMT((1 + r)ⁿ - 1) / n
P = Future value of annuity.PMT = Each annuity paymentr = Interest rate n = Number of periods in which for payments.Thus, All of the variables listed below, with the exception of "Present value" are present inside a future value about an annuity problem.
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The complete question is-
The variables in a future value of an annuity problem include all of the following, except:
Time period
Interest rate
Future value
Present value
Payments
What is the primary reason for keeping money in the form of cash
Answers
Answer: To make transactions
Explanation:
Creative and innovative
Answers
A creative innovation is bringing about something unique and different.
What is creativity?Creativity is the ability to imagine something unique or new that have not been in existence.
It could also be a modification to what have been existing before.
Therefore, A creative innovation is bringing about something unique and different.
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Which of the following refers to the cost of the pure insurance coverage?
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The premium reflects the cost of obtaining insurance protection and allows the insurance company to cover potential losses, administer claims, and maintain profitability in the insurance industry.
The cost of the pure insurance coverage is referred to as the premium. The premium is the amount of money that an individual or entity pays to an insurance company in exchange for the transfer of risk and the coverage provided by an insurance policy. It represents the cost of obtaining insurance protection against potential losses or damages.
When calculating the premium, insurance companies consider various factors, including the type of insurance coverage, the level of risk associated with the insured entity or individual, the coverage limits, and the probability of a claim being made. Actuaries play a key role in determining the premium by analyzing statistical data, assessing risks, and calculating the expected losses and expenses associated with providing the insurance coverage.
The premium can be paid in different ways, such as annually, semi-annually, quarterly, or monthly, depending on the terms of the insurance policy and the agreement between the insured and the insurance company. The amount of the premium is typically based on the insurer's assessment of the risk involved and is adjusted accordingly.
It's important to note that the premium represents the cost of the insurance coverage itself and does not include additional fees or charges that may be associated with the policy, such as administrative fees or taxes. These additional costs are typically separate from the pure insurance coverage and may vary depending on the insurance company and the specific policy terms.
Overall, the premium reflects the cost of obtaining insurance protection and allows the insurance company to cover potential losses, administer claims, and maintain profitability in the insurance industry.
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a decrease in the demand for chocolate with no change in the supply of chocolate will create
Answers
Answer:
a decrease in the demand for chocolate with no change in the supply of chocolate will create more demand
Explanation:
The people want what they want and that's not going to change even if the product is low in stock.
The productivity of your store managers will not be affected by the part-time staff.
True
False
Answers
Seedi started a business to repair computers. The following transactions are given to you for the first month of the business. 01. Invested so.sh. 5,000 as the capital 02. Obtained a bank loan of so.sh. 2,000 03. Deposited so.sh. 100 in a fixed deposit account 04. Earned a cash income so.sh.so.sh. 600 from computer repairs 05. Paid so.sh. 100 as the monthly rent of the business 06. Geedi withdrew so.sh. 200 from the business for her private use 07. Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month. 09. Geedi invested an additional capital of so.sh. 500 10. Paid so.sh. 200 of the bank loan hove transactions to the accounting
Answers
Seedi started a business to repair computers. The journal entry for this transaction is:
Invested so.sh. 5,000 as the capital:
Debit Cash (Asset) so.sh. 5,000 Credit Capital (Owner's Equity) so.sh. 5,000.Obtained a bank loan of so.sh. 2,000:
Debit Cash (Asset) so.sh. 2,000 Credit Bank Loan (Liability) so.sh. 2,000.Deposited so.sh. 100 in a fixed deposit account:
Debit Cash (Asset) so.sh. 600 Credit Service Revenue (Revenue) so.sh. 600.The term journal entry was the first part of the Financial statement. The journal entry was the based on the debit and the credit record in the book entry. The Journal was the pro forma of the statement.
Earned a cash income so.sh.so.sh. 600 from computer repairs:
Debit Rent Expense (Expense) so.sh. 100 Credit Cash (Asset) so.sh. 100.Paid so.sh. 100 as the monthly rent of the business:
Debit Geedi's Withdrawals (Owner's Equity) so.sh. 200 Credit Cash (Asset) so.sh. 200.Geedi withdrew so.sh. 200 from the business for her private use:
Debit Equipment (Asset) so.sh. 100 Credit Cash (Asset) so.sh. 100.Purchased equipment at so.sh. 100. 08. Paid so.sh. 500 of the telephone bill of the month:
Debit Telephone Expense (Expense) so.sh. 500 Credit Cash (Asset) so.sh. 500.Geedi invested an additional capital of so.sh. 500 10.:
Debit Cash (Asset) so.sh. 500 Credit Capital (Owner's Equity) so.sh. 500.Paid so.sh. 200 of the bank loan hove transactions to the accounting:
Debit Bank Loan (Liability) so.sh. 200 Credit Cash (Asset) so.sh. 200.As a result, the significance of the journal entry for this transaction is the aforementioned.
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impact of TQM if poorly implemented by motor industry
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Total Quality Management (TQM) is a management approach that focuses on improving quality and efficiency within an organization. When implemented effectively, TQM can have numerous benefits for the motor industry, such as enhanced product quality, increased customer satisfaction, improved operational efficiency, and reduced costs. However, if TQM is poorly implemented, it can have several negative impacts on the motor industry.
One of the primary consequences of poor TQM implementation is a decline in product quality. TQM emphasizes the importance of rigorous quality control processes and continuous improvement. If these principles are not properly followed, it can result in the production of subpar vehicles that do not meet customer expectations. This can lead to reputational damage, decreased customer loyalty, and a decline in sales.
Furthermore, a poorly implemented TQM system may result in a lack of employee engagement and commitment. TQM requires active participation and involvement from all levels of the organization. If employees are not adequately trained or motivated to embrace TQM principles, the desired improvements in productivity and efficiency may not be achieved. This can lead to inefficiencies in production processes, increased waste, and higher costs.
Another negative impact of poor TQM implementation is a failure to address customer needs effectively. TQM places a strong emphasis on customer focus and understanding customer requirements. If the motor industry fails to effectively implement TQM, it may struggle to gather customer feedback, identify areas for improvement, and deliver vehicles that meet customer expectations. This can result in lost market share and decreased competitiveness in the industry.
In summary, poor implementation of TQM in the motor industry can lead to a decline in product quality, lack of employee engagement, and failure to meet customer needs. It is crucial for organizations in the motor industry to ensure proper planning, training, and commitment to TQM principles to reap its full benefits and avoid the negative consequences associated with its poor implementation.
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One reason why firms might want to pursue a strategic alliance strategy is to exploit
economies of scale. Exploiting economies of scale should reduce firm’s costs. Does this
mean that a firm pursuing an alliance strategy to exploit economies of scale is actually
pursuing a cost leadership strategy? Why or why not? Support your answer
Answers
So, a strategic alliance may benefit the combined group in two ways: one, it will enable them to target larger clients without facing significant rivalry
Economies of scale, which are commonly assessed by the quantity of product provided per unit of time, seem to be the cost savings that businesses gain as a result of the significant scale of the economy.
In order to lower manufacturing costs, economies of scale is the method of producing any good at a very high volume. Strategic alliances allow two businesses to more effectively merge their operations.
It will enable them to lower costs through economies of scale. Additional benefits of economies of scale include lower prices for goods or cost focus in the marketplace.
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Put the following hypothetical events, illustrating frictional unemployment, in chronological order. Start by clicking the first item in the sequence or dragging it here Drag the items below into the box above in the correct order, starting with the first item in the sequence. Burger chain A introduces a new product, the MegaBurger. Burger chain B lays off some of its workers. Burger chain A hires more workers as a result of increased demand for its products. At the same time, burger chain B begins to lose market share to burger chain A. Customer demand for burger chain A’s new burger is high. Unemployed burger chain workers are hired by burger chain A.
Answers
Answer:
1. Burger chain A introduces a new product, the MegaBurger.
2. Customer demand for burger chain A’s new burger is high.
3. Burger chain A hires more workers as a result of increased demand for its products. At the same time, burger chain B begins to lose market share to burger chain A.
4. Burger chain B lays off some of its workers.
5. Unemployed burger chain workers are hired by burger chain A.
Explanation:
Frictional unemployment is typically temporary. It is due to the time lag between a worker’s being laid off from one job and finding another one.
Miller Park Stadium Project Case Study
Answers
Answer:
what about it lol there's no question
Kensington Corp. reports net income of $280,000 for the year ended December 31, 2020. The company recorded an unrealized loss on available-for-sale debt securities of $15,000 (after tax) for the year ended December 31, 2020 and deferred the loss. The company declared dividends of $40,000 for the year and its tax rate is 25%. The December 31, 2019, balance in accumulated other comprehensive income is $18,000 (debit balance) and the balance in retained earnings is $100,000 (credit balance). What is the ending balance in accumulated other comprehensive income and retained earnings on December 31, 2020
Answers
Answer:
Kensington Corp.
Accumulated other Retained Earnings
comprehensive income
December 31, 2020 $33,000 (DR) $340,000 (CR)
Explanation:
a) Data and Calculations:
Tax rate = 25%
Accumulated other Retained Earnings
comprehensive income
December 31, 2019 $18,000 (DR) $100,000 (CR)
Net income for 2020 280,000
Unrealized loss for 2020 15,000
Dividends for 2020 (40,000)
December 31, 2020 $33,000 (DR) $340,000 (CR)