when buyer and seller trade to the market equilibrium quantity, they a. maximize the difference between consumer and producer surplus. b. minimize the sum of consumer and producer surplus. c. minimize deadweight loss. d. maximize deadweight loss.
Answers
When buyer and seller trade to the market equilibrium quantity, they minimize deadweight loss.
What is market equilibrium?When the market's supply and demand are balanced, a market is said to be in equilibrium. When an item or service's supply and demand are balanced in the market, its price is said to be at equilibrium. If the quantity demanded and the quantity provided are equal at the market price, the market is in equilibrium. The price at which the quantity supplied and demanded are equal is known as the equilibrium price or market clearing price, and the quantity that corresponds to that price is known as the equilibrium quantity.At the equilibrium price, there is neither a scarcity nor an excess of the good because buyers and sellers are both willing to purchase the same amount. Sellers can sell the quantity they want to sell at the market price, and buyers can purchase the quantity they want to purchase at the market price.
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Related Questions
Prepare a monthly and yearly budget for Bill and Maura Jones based on the following information. They plan
on putting $50 into a college fund.
Net paychecks total = $1,555 monthly
Average monthly expenses:
Rent
$450
Utilities
$ 80
Gasoline
$ 70
Insurance
$ 90
Clothing
$ 50
Groceries
$300
Car payment $190
Car Maintenance
$ 50
Telephone
$ 25
Entertainment and Recreation $100
Gifts and donations $ 10
Personal care
$ 25
Miscellaneous $ 50
Savings - To be determined
Answers
Answer:
it is c on usa
Explanation:
The Jones have monthly income of $ 3,110, expenses of $ 1,540, and savings of $ 1,570. In turn, the Jones have annual income of $ 37,320, expenses of $ 18,480, and savings of $ 18,840.
To establish an annual and monthly budget for the Jones, taking into account the expenses raised, the following calculation must be performed:
All the expenses must be added, and thus the monthly budget is obtained. It must be multiplied by 12 to obtain the annual budget. 50 + 450 + 80 + 70 + 90 + 50 + 300 + 190 + 50 + 25 + 100 + 10 + 25 + 50 = X 1,540 = X 1,555 x 2 = 3,110 3,110 - 1,540 = 1,570
Thus, the Jones have monthly income of $ 3,110, expenses of $ 1,540, and savings of $ 1,570.
3,110 x 12 = 37,320 1,540 x 12 = 18,480 1,570 x 12 = 18,840
In turn, the Jones have annual income of $ 37,320, expenses of $ 18,480, and savings of $ 18,840.
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One of the major trends in the lodging sector is that organizations are becoming more international.
O False
O True
Mark this and return
Save and Exit
Nex
Subm
Answers
QUESTION 1 of 10: True or False: Letting employees fail actually contributes to the success of the business.
a) True
b) False
Answers
Answer:
True
Explanation:
By failing you learn from your mistakes, and it's just overall good to fail, the more you fail the more you learn and learn not to repeat it.
Why do we record Direct deposits into the CPJ
Answers
Explanation:
Because those payments are done for creditors, repayment of loans and other expenses
URGENT- FINANCIAL MATH.One of the variable expenses that Roxy knows she’ll need to include in her budget is utilities. She decides to review her utility costs for the past year. Assuming the cost for utilities is the same in her new apartment, how much should Roxy budget each month for utilities this year? Explain your reasoning.
Answers
Answer:
Roxy should budget 2165. per year. So maybe a monthly of 144 for the average of the total. For the year I added all the months together and then monthly I added them together and then divided the total by 12 and the average is 144 a month.
Explanation:
If you add them all together that is the total. I hope this helps. But the utilities could be different where she is going.
Contact a few information systems professionals and ask them what types of operating systems they use in their organizations. (Alternatively, you may browse through articles in business periodicals for the same information.) Fill in the table with information about the operating systems used in four different organizations. Also, give reasons for each company’s choice of operating systems.
Answers
An operating system (OS) is indeed the mechanism that manages all those other application components in a computer after being installed into the system first by a boot program.
What is an Operating System?An operating system consists of system software that regulates the hardware, software, and resources of a computer.
A group of software applications that coordinate the activities of computer systems is referred to as an "operating system." It serves as a link at the point where humans and machines interact.
Essential features for controlling devices linked to a computer are provided by operating systems. These processes include managing storage devices, processing inlet, and outlet requests, and allocating memory. A keyboard, mouse, printer, or whatever other connected device could be this one.
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(ANSWER PROVIDED) Under what circumstances would it be appropriate and legal to turn down a qualified job candidate based on a disability?
done
A.
When required accommodations would be very expensive or difficult to provide
close
B.
It is never appropriate or legal to turn a job applicant down because of a disability.
C.
When a disability makes it difficult to use a standard telephone
D.
When the disabled individual is either blind or deaf
*
*
ANSWER: A. When required accommodations would be very expensive or difficult to provide
Answers
Under the circumstances that would be appropriate and legal to turn down a qualified job candidate based on a disability is:A. When required accommodations would be very expensive or difficult to provide.
What is disability?Disability occur when a part or some part of a person body is not functioning or not functioning properly. Example of disability is when a person cannot see, cannot hear, cannot walk which inturn tend to make it difficult for the person to engage in some certain activities that non disability people can do.
A qualified job candidate who is disabled may be legally turn down when the employer does not have required capacity to accommodate the person or when the accommodations would be very expensive or difficult to provide.
Therefore the correct option is A.
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Answer: A
Explanation: I j took test
Susan invested $50,000 and Bill invested $150,000. Why did Susan have a higher balance at the age of 65?
Answers
The reason Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
What is an Investment?An investment refers to an act of dedicating an asset for the hope of attaining an increase in value over a period of time.
In this case, even with lower investment value, Susan will be able to have higher balance because she invested for longer period than Bills.
In conclusion, Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
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According to classical theory, national income depends on ______, while keynes proposed that ______ determined the level of national income.
Answers
In a closed economy, the Keynesian-cross analysis's equilibrium condition is that income must equal the total of government spending, investment, and consumption.
Interest rates in the economy are impacted by monetary policy changes. Interest rate changes have an impact on inflation and economic activity. Unexpected inventory investments are bad. When businesses encounter unanticipated inventory accumulation, they typically: cut production and lay off employees keynes. According to the government-purchases multiplier, there will be a change of $1 in government purchases, plus any further changes. When the Fed modifies its monetary policy, the aggregate demand curve may be shifted. The money supply curve moves to the right as the money supply rises. The interest rate decreases in the absence of a shift in the money demand curve. Demand for products and services rises when interest rates decline. According to the Keynesian model, the change in output has no impact on export. Either a change in the income of the rest of the world or a change in the exchange rate has an impact on export. The economy will be in balance when the aggregate expenditure line reaches the 45-degree line. It is the only location along the aggregate expenditure line where total spending on aggregate demand and total production are equal. Interest rates and the amount of money in circulation are inversely related. A bigger money supply results in lower market interest rates, which reduces the cost of borrowing for consumers. In contrast, lower money supply tends to result in higher market interest rates, increasing the cost of borrowing for consumers income.
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revenue should be recognized when the seller satisfies its performance obligation(s) to its customers. what is the accounting issue if the revenue recognition rule is not followed?
Answers
The best alternative is A and B. net income can be overstated or understated for the period The profits statement might no longer report the accomplishments of the period.
In stylish usage, sales are the whole amount of earnings by using using the sale of products or services associated with the employer's operations. sales profits are income acquired from selling gadgets or services over a time body. Tax revenue is earnings that a government receives from taxpayers. Fundraising sales are profits received thru a charity from donors and so forth. to in addition its social capabilities.
In greater formal utilization, sales is a calculation or estimation of periodic income based totally on a particular famous accounting exercise or the suggestions established by way of a government or authorities organization. two not unusual accounting techniques, coins foundation accounting and accrual basis accounting do now not use the same method for measuring revenue. businesses that offer shares available on the market to the public are usually required with the useful resource of regulation to document income based on generally traditional accounting ideas or on worldwide monetary Reporting requirements.
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Complete Question:
Revenue should be recognized when the seller satisfies its performance obligation (s) to its customers. What is the accounting issue if the revenue recognition rule is not followed? (Select all that apply)
A). Net income may be overstated or understated for the period
B). The income statement would not report the accomplishments of the period
C). Cash flows would be distorted for the period
D). Total assets will be overstated for the period
The larger the investment you make, the easier it will be to
Question 8 options:
get money from other sources.
guarantee cash flow.
buy insurance.
streamline your products.
Answers
Answer:
get money from other sources
(Zaxbys)
select all the salads that are made with regular zalad base x (check all that apply).
Answer choices:fried caesar, buffalo blue, grilled caesar, blackened blue, grilled house, grilled cobb, fried house, fried cobb
Answers
Answer:
Fried Caesar, grilled Caesar, Buffalo blue, fried cobb
Explanation:
Salads are made with various vegetables and meat base. The regular salad is green salad which is most commonly used. There are many benefits of having salad with meal. Many people do not like vegetables so they add little meat with salad to consume it. Most regular salad base are fried Caesar and fried cobb.
In the bcg matrix, ________ are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
Answers
In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
What is the bcg matrix?This is the term that is used to refer to the way that the products of a business is analyzed. The reason why this is done is so that it would be able to aid in the strategic planning of the business. It helps in the assessment of the current state of the product line that the business owns.
Hence we can conclude that In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
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Most credit cards have a ______ grace period from the date of the bill to make payments. A) 1- to 15-day. B) 5- to 20-day. C) 21 to 25-day. D) 31- to 35-day.
Answers
Most credit cards have a 21 to 25-day grace period from the date of the bill to make payments.
The correct option is C.
A credit card is a payment card that is issued to clients so they can pay a merchant depending on the debt they have racked up for goods and services. The card issuer sets up a revolving account and provides the cardholder with a line of credit they may use to borrow money to make purchases or obtain a cash advance.
A grace period is the interval of time between the end of a billing cycle and the due date for payment. We will not be charged interest throughout this period if we pay our loan in full by the due date. Credit card merchants are not required to provide a grace period.
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journal entries
sold goods costing Rs. 15000 for Rs.5000 profit
Answers
Answer:
sales cr profit cash dr
______ involves building relationships and sharing information with colleagues who can help managers achieve the items on their agendas.
Answers
Answer:
networking
Explanation:
Networking can be understood as a network of relationships that an individual builds through their professional life, and which can be very beneficial for sharing information and communications relevant to the business, as well as other professional issues, such as aiming for a new job vacancy, achieve professional promotion, etc.
Building a positive relationship with co-workers will always be beneficial in a worker's life, because through interpersonal relationships you can become a reference through your professional achievements, which can open doors and bring prominence to your career.
CASE 2 A local supermarket had been charging $2.50 a pound for eggplant and selling 190 pounds a week. When it reduced the price to $2.00, eggplant sales rise to 200 pounds a week. A. Calculate the price elasticity of demand for eggplant. (7points)
Answers
The price elasticity of demand for eggplant is approximately -0.2311
To calculate the price elasticity of demand for eggplant we are able to use the formulation:
Price Elasticity of demand = ((Q2 - Q1) / ((Q1 + Q2) / 2)) / ((P2 - P1) / ((P1 + P2) / 2))
Wherein:
Q1 = initial quantity demanded Q2 = New quantity demanded P1 = initial rate P2 = New priceThe use of the given values we will plug them into the formulation:
Price Elasticity of demand = ((200 - 190) / ((190 + 200) / 2)) / (($2.00 - $2.50) / (($2.50 + $2.00) / 2))
Calculating the numerator first:
((200 - 190) / ((190 + 200) / 2)) = 10 / 195 = 0.0513
Calculating the denominator:
(($2.00 - $2.50) / (($2.50 + $2.00) / 2)) = (-$0.50) / $2.25 = -zero.2222
Now divide the numerator by way of the denominator:
0.0513 / -0.2222 ≈ -0.2311
The price elasticity of demand for eggplant is approximately -0.2311.
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In each of the following cases justify whether or not the expenditure should be capitalized: (a) A new engine is fitted to a machine, which will increase its production capacity from 100,000 units a year to 140,000 units a year. (b) Replacement of rotting windows in the head office. (c) Replacement of an aircraft engine every five years.
Answers
(a) The expenditure on fitting a new engine to a machine should be capitalized. The reason for capitalization is that the new engine will increase the production capacity of the machine.
By increasing the production capacity, the machine's future economic benefits are enhanced, leading to increased revenue generation and improved long-term productivity. Therefore, the expenditure meets the criteria for capitalization as it enhances the machine's future earning potential.
(b) The expenditure on replacing rotting windows in the head office should be expensed rather than capitalized. This is because the replacement of rotting windows is considered a maintenance expense. It does not increase the future economic benefits or extend the useful life of the head office building. Instead, it is necessary for maintaining the existing condition of the building and ensuring the safety and functionality of the windows. Such expenses are typically recognized as expenses in the period they occur rather than being capitalized.
(c) The expenditure on replacing an aircraft engine every five years should be capitalized. The reason for capitalization is that the replacement of an aircraft engine is considered a significant improvement that extends the useful life and enhances the performance of the aircraft. The new engine will provide increased reliability, improved fuel efficiency, and compliance with updated regulations. These enhancements contribute to the future economic benefits and increased value of the aircraft. Therefore, the expenditure should be capitalized as it adds value to the asset and increases its future earning potential.
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"COMPUTER SHOP"
Management Theory
Management Plan/Sustainability Plan
Answers
The computer store may embrace TQM as its management philosophy (TQM). TQM is a management strategy that places an emphasis on enhancing the quality of products and services continuously.
Does TQM involve ongoing improvement? Why?TQM is centred on enhancing organisational processes continuously to produce high-quality goods and services. Doing things correctly the first time and every time is TQM's ideal objective. The final arbiter of quality is the consumer. Quality cannot be raised without suffering considerable production losses.
Whole quality management definition TQM as a method of management?Total Quality Management (TQM) is a management paradigm based on the idea that by having all of an organization's members, from entry-level employees to its highest ranking executives
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Explain five importance of transport to a business man
Answers
Movement of goods, easy movement of labor, price hike control, profit maximization, and assistance in mass production are the five important of transport to a businessman.
What exactly is transportation?The movement of humans, animals, and goods from one location to another is known as transportation (in British English) or transportation (in American English). In other words, transport is defined as a specific movement of an organism or thing from point A (a location in space) to point B.
Air, land (rail and road), water, cable, pipeline, and space are all modes of transportation. The field is divided into three sections: infrastructure, vehicles, and operations. Transport allows people to trade with one another, which is necessary for civilizations to develop.
Fixed infrastructure includes roads, railways, airways, waterways, canals, and pipelines, as well as terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals can be used for both passenger and cargo interchange and maintenance.
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Write the definition in your own words
Profit:
_________________________________________________________________________________________________________
Revenue:
_________________________________________________________________________________________________________
Expenses:
_________________________________________________________________________________________________________
Net Income:
_________________________________________________________________________________________________________
Net Loss:
Answers
In accounting, profit, revenue, expenses, and net income/loss are integral and they are defined as:
Profit - returns on revenue after expenses. Revenue - returns from selling goods or providing services. Expenses - costs incurred to run business. Net income = profit acquired after taxation. Net loss - losses when expenses are more than revenue. What comprises the Income Statement?The Income statement includes the revenue which is the amount of sales or services provided by the company in a period.
The costs of running the company (expenses) are deducted from the revenue to find the profit. This can also be called the net income.
A net loss comes about when the expenses are more than revenue and this is not an ideal situation for companies.
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Which of the following is an example of an advertisement?
A.
A company newsletter
B.
A billboard
C.
A press release
D.
A news article about the company
Answers
Answer: B
Explanation:
just did it
A Billboard is an example of an advertisement. Option (b) is the correct answer to the question.
What is an Advertisement?Advertising is a type of communication that is intended to encourage an audience to do something, usually in relation to a commercial offering, like a good or a service that is being sold.
A billboard is a sizable outdoor advertising structure that is generally seen in high-traffic places, such as beside busy roadways. In the UK and many other countries, it is also known as hoarding. Large advertisements are shown on billboards for cars and pedestrians to see. Normally, businesses utilize billboards to promote new items or to strengthen their existing brands.
The largest ordinary-sized billboards command high-density consumer exposure and are typically found on major highways, expressways, or main arterial. Due to their size and the fact that they enable creative "customization" through extensions and embellishments, these provide the most visibility.
Therefore, Option (b) is correct.
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Discuss two accounting principles that are, in
your opinion, the most important and form the
foundation of modern-day accounting. Explain
the reasons for your choices.
Answers
Answer:
Revenue Principle and Cost Principle
Explanation:
Revenue principle defines a point in time when bookkeepers may record a transaction as revenue on the books. This principle states that revenue for the business is earned and recorded at the point of sale.
Cost Principle states that you should use the historical cost of an item in the books, not the resell cost.
Answer:
Matching principle because it is an accounting principle for recording revenues and expenses. It requires that a business records expenses alongside revenues earned.
Disclosure principle because increased transparency in the corporations' operations and management makes it easier for investors to make informed decisions. It also cuts down on the possibility of manipulation or misuse of investors' funds.
which of the following is the correct word phrase of "4b+10"?
A. four added to 10
B. the product of four and B added to 10
C. the sum of 4 and B plus 10
D. the product of four and B subtracted to 10
Answers
4b can be interpreted as 4 multiples by b. B is a variable in this expression. Plus 10. So it would the product of four and B added to 10.
Why are home equity loans attractive today? How do some banks tie home equity loans to a customer’s credit card? How did the credit crisis and subprime problems of 2008–2009 change the attractiveness of home equity loans? How might this change in the future?
Answers
Home equity loans can be attractive today for several reasons. Firstly, they allow homeowners to access a significant amount of funds by leveraging the equity they have built up in their homes.
Some banks tie home equity loans to a customer's credit card by offering a home equity line of credit (HELOC) that is linked to a credit card. This allows customers to access funds from their home equity line of credit using their credit card. The credit card acts as a convenient tool to access the available credit line when needed. However, it's important to note that this arrangement can increase the risk of accumulating high-interest debt if not managed responsibly.
The credit crisis and subprime problems of 2008-2009 had a significant impact on the attractiveness of home equity loans. The housing market collapse and subsequent economic downturn resulted in a decrease in home values and an increase in foreclosures. As a result, banks became more cautious and tightened their lending standards. Many homeowners experienced a decline in home equity, making it difficult to qualify for home equity loans. The overall instability in the housing market and lending industry made home equity loans less attractive for both borrowers and lenders.
In the future, the attractiveness of home equity loans may depend on various factors. Economic conditions, housing market trends, and regulatory changes can impact the availability and terms of home equity loans. Additionally, changes in consumer preferences and alternative borrowing options may influence the demand for home equity loans. It's essential to closely monitor these factors to assess the future attractiveness of home equity loans.
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Assignment Content
Nen Company uses a perpetual inventory system. During May, the following transactions and events occurred.
May 13 Sold 12 motors at a cost of $40 each to Slater Brothers Supply Company, terms 1/10, n/30. The motors cost Nen $25
each.
May 16 Two defective motors were returned to Nen.
May 23 Received payment in full from Slater Brothers.
Instructions
Journalize the May transactions for Nen Company (seller) assuming that Nen uses a perpetual inventory system. You may omit explanations.
Answers
The journal entry of Nen Company(seller) using perpetual inventory system are:-
May 13 Account Receivable 480
Sales Revenue 480
Cost of goods sold 300
Inventory 300
May 16 Sales Return and Allowance 80
Account Receivable 80
Inventory 50
Cost of goods sold 50
May 23 Cash 396
Sales Discount 4
Account Receivable 400
Perpetual inventory system is a method of inventory management that involves tracking the inventory levels of a company in real-time. This means that the inventory levels are continuously updated as goods are received or sold, allowing businesses to have a more accurate and up-to-date understanding of their inventory levels.
In above case the Sales discount is calculated as $400*0.1=4 and Account Receivable is calculated as $480-$80=400
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Scenario You have worked at your current employer for 5 years. Recently your company merged with a much larger Boston accounting firm to improve efficiencies, increase revenues, cut costs and adopt best practices in the industry. After the merger, you find yourself on a team with four other individuals that you have never met. Each individual is from a different department: auditing, tax, corporate governance, legal and insurance. The purpose of your team is to reduce the number of employees in your department. Why is the change needed?
Answers
Answer:
In order to restructure the organization under the new Management.
Explanation:
Remember, we are told that a merger had occurred with a larger company with the sole aim of improving efficiencies, increasing revenues, cut costs and adopt best practices in the industry.
Thus, as at part of achieving the merger objectives of cutting cost, such change in the number of employees in each of those departments are necessary. For example, if the company spends $50,000 on employee remuneration prior to the merger, by reducing the amount of employees they are more likely to reduce cost.
What is significance of evaluating PeCS of a successfull entrepreneur? What insights can you draw from this activity?
Answers
Answer:
It is very important to assess one's personal entrepreneurial competencies (PECs) in order to know the strengths and weaknesses of the entrepreneur. In that manner, the entrepreneur can design a plan to compensate for his weaknesses and develop his strength in order to deliver the excellency that was expected of him.
What are the job roles on offer in the picture?
Will be grateful for any replies, thanks!
Answers
Answer:developer and a program assistant
Explanation:
Which of the following does NOT explain why many people are not living on a budget?
People do not balance their checkbook on a monthly basis.
People find spending money a hobby and form of entertainment.
Or government is not modeling good budgeting skills.
People are unable to earn enough money to meet their financial obligations.
Answers
Answer:
People do not balance their checkbook on a monthly basis.
Explanation:
I just took the test