The quantity supplied of milk exceeds the quantity demanded.
If supply and demand are in balance, the equilibrium price occurs in economics. This indicates that for this cost, the manufacturer can create the same quantity of a good (supply) that consumers may purchase (demand). Supply and demand converge as a result. Furthermore, both buyers and sellers gain at this point. In addition, the concept of the equilibrium price is the reverse of that of disequilibrium, where supply and demand are not equal. A market-clearing price, often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal. The manufacturer or vendor is free to transfer as many units as they like, and the consumer is free to access as many units as they like.
To know more about equilibrium price refer to https://brainly.com/question/17193674
#SPJ4
If auditors determine the client has committed an illegal act, they would be most likely to withdraw from the engagement when the:______
If auditors determine the client has committed an illegal act, they would be most likely to withdraw from the engagement when the Management fails to take appropriate corrective action.
What is an illegal act?Acts that are prohibited. Any conduct or set of activities that could result in a sentence of more than one year in prison if prosecuted as a crime are considered illegal acts. This exclusion is applicable regardless of whether criminal charges are brought, whether they are brought and brought to trial, or whether they result in a conviction or a sentence of imprisonment for a time longer than one year.
It is not necessary to provide proof beyond a reasonable doubt. If the Injury or Sickness was caused by a domestic violence incident or a medical condition (including both physical and mental health conditions), this exclusion does not apply.
To know more about illegal acts, visit: https://brainly.com/question/14093740
#SPJ4
QUESTION 8 of 10: What is a focus group?
what's a focus group, well it's a group that focus
As of december 31, $400 of revenues related to goods or services provided during the period were not collected nor recorded. what adjusting entry is necessary at the end of the period?
In Receivable account relation to products or services delivered during the period, $400 in revenues were not collected nor recognized as of December 31. If an adjusting entry is required at the end of the quarter, should the Service Revenue account be increased by $400 as well as the Accounts Receivable account by $400.
The amount of money owed to a business for delivered or used but unpaid goods or services is known as Receivable account. The balance sheet classifies accounts receivable as a current asset. Any money owing by clients for purchases done using credit is known as Receivable account.
Receivable account is the term used to describe any unpaid invoices or cash that customers owe a business. The term describes accounts that a company is entitled to since it has provided a good or service. Accounts receivable, also known as receivables, are a type of line of credit that a business extends to its customers, and its terms typically call for payments to be made within a short time frame. Usually, it varies from a few days to a fiscal or yearly year.
Because there is a legal need that the customer pay the debt, businesses include Receivable account as an asset on their balance sheets.
Learn more about Receivable account here
https://brainly.com/question/24261944
#SPJ4
When an underlying policy doesn't cover a particular loss, the umbrella will drop down and cover the entire loss, after payment by the insured of a? a copayment b premium c commission
The umbrella will drop down and cover the entire loss, after payment by the insured of a Retention.
A retention is a sum paid by the insured before the insurer's duty to pay kicks in, much like a deductible.
How Umbrella Insurance Works?Although the likelihood that you will lose a case for a sum greater than what your current insurance will cover is remote, you run the risk of losing all of your money if it ever happens. The goal of umbrella insurance is to prevent you from ever experiencing that nightmare. We'll examine this additional liability coverage in more detail below, including how an umbrella policy functions, who needs one, how much it costs, and what it won't cover.
A type of personal liability insurance known as umbrella insurance covers claims that go over and beyond the limits of a typical homeowner's, auto, or watercraft policy.
To learn more about Umbrella Insurance from given link
https://brainly.com/question/19155601
#SPJ4
Factors of production are? scarce in every society. scarce only in advanced countries. scarce only in the poorest countries of the world. unlimited in quantity.
Factors of production are scarce in every society.
What are the factors of production?Factors of production are the resources that are used in the production of goods and services. Factors of production are scarce and this is why it is important to use them in the activities that would maximise their use.
There are four factors of production in economics. They include - land, labor, capital and entrepreneurship.
Land includes all the natural resources that are used to produce goods and services e.g. gold mine. Labor is the human effort that is exerted in the production of goods and services. Capital includes machinery and man made resources used in production. An entrepreneur is a person who combines the other factors of production together
To learn more about factors of production, please check: brainly.com/question/12342608
#SPJ1
An increase in business taxes causes a(n) ______ in supply and will ______ production costs.
Answer:
An increase in business taxes causes a lower in supply and will highly production costs
When backed by buying power, wants become needs.
a. true
b. false
False. A “need” is a service or a product that will satisfy the basic requirements of the consumers in a market. A “want” is a request that is directed towards a specific product/service.
A “demand” can be e require defined as some specific product or service which the buyer is willing to buy and has the purchasing power/buying power to pay for.
When backed by buying power, “wants” may become “demands” but they do not become “needs”. Demand can be defined as a human want that is also backed by buying power. A demand may include a basic necessity (such as food) or may also include a luxury item (like an expensive automobile or car). In the latter case, the “want” is a demand but it is not a need or necessity.
Therefore, when a consumer wants something, it may not become his/her need even when it has the buying power to purchase. Buying power is the capacity of a consumer to purchase a service or a product. It can also be defined as the amount of money that a group or a person has available for making an expenditure or a purchase.
Learn more about specific product here:
https://brainly.com/question/25646504
#SPJ1
A path through a project network must reach every node. true false
A path through a project network must reach every node
This above statement is an Incorrect statement, therefore the correct option is False
What is Project Network?
A project network is a graph that displays the actions, lengths of time, and dependencies among your project's tasks. You should become familiar with network diagrams, often known as the project schedule network diagram, whether you're a project manager or a team member. A project network diagram is a crucial tool since it aids teams in visualizing the tasks that must be carried out throughout the course of a project. It also offers crucial context, such as task duration, order, and dependency. A project network (or project activity network) is a graphical representation that demonstrates the order in which the project's terminal pieces must be finished. It is quite similar to a flow chart. Each terminal element in the work breakdown structure indicates an activity related to a work package at the base level (WBS).
To learn more about Project Network
https://brainly.com/question/14805534
#SPJ4
How can a country achieve higher levels of competition and a variety of products in an industry with only one or two domestic firms producing a good?
Through promoting intra-industry trade, a country can increase levels of competition and the range of products produced in an industry with only one or two local enterprises producing a good. International trade for goods produced by the same business is known as intra-industry trade.
According to the idea of economies of scale, production costs often decrease as output scale increases. When it makes it possible for one or two large producers to supply the entire country, it becomes particularly important to international trade. A way to maintain consumer choice and competition while combining economies of scale-driven lower average manufacturing costs is through international trade.
#SPJ4
(8446) what is the means by which the faa notifies aircraft owners and other interested persons of unsafe conditions and prescribes the condition under which the product may continue to be operated?
Air Worthiness Directives is the FAA notifies aircraft owners and other interested persons of unsafe conditions and prescribes the condition under which the product may continue to be operated.
#SPJ4
Consumer goods producers tried to avoid the destructive forces of competition by forming loose affiliations with their rivals, a process known as:_________
Consumer goods producers tried to avoid the destructive forces of competition by forming loose affiliations with their rivals, a process known as horizontal combination
What is horizontal combination?
Acquisition of a company that produces or provides comparable goods or services and operates at the same level of the value chain as the target company is known as horizontal integration. As opposed to vertical integration, which involves businesses expanding into activities upstream or downstream that are at various stages of production,
Horizontal integration is a business technique that can help companies grow their market or enter new markets, strengthen market power over distributors and suppliers, improve product differentiation, and provide economies of scale. Two companies may be able to generate more income through a merger than they could have done separately.
Learn more about horizontal integration
https://brainly.com/question/1807854
#SPJ4
Systems that have continual interaction with their environment are known as _____ systems.
Answer:
Open
Explanation:
If the accounts receivable ending balance is greater than its beginning balance, then its debits were ______ than its credits during the period.
If the accounts receivable ending balance is greater than its beginning balance, then its debits were greater than its credits during the period.
What is accounts receivable?Accounts receivable is a balance sheet account that is used to record services rendered or goods sold for which payment have not be made for them.
Accounts receivable is an asset for the company due to the fact that it is a legal obligation for payment to be made for services rendered. Accounts receivable is also considered to be a liquid asset.
When payments are received for services rendered or goods sold. the amount is subtracted from the accounts receivable account. When ending balance of the accounts receivable is greater than the beginning balance, it means that there is an increase in the amount of outstanding payments.
To learn more about account receivable, please check: https://brainly.com/question/13166196
#SPJ1
Assume that a 4 percent increase in income across the economy produces an 8 percent increase in the quantity demanded of good x. the coefficient of income elasticity of demand is:________
Assume that a 4 percent increase in income across the economy produces an 8 percent increase in the quantity demanded of good x. the coefficient of income elasticity of demand is 2 , hence positive.
It is calculated as follows:
Percentage increase in quantity demanded = 8
Percentage increase in income = 4
Income elasticity of demand= Percentage change in quantity demanded/Percentage change in income .
= 8/4
= 2
When coefficient is positive it means it is a normal good.
Income elasticity of demand refers to the percentage change in quantity demanded due to percentage change in income.
It helps in predict the impact of business cycle on sale.
To know more about income elasticity of demand:
https://brainly.com/question/15313354
#SPJ4
Which hypothesis of mechanism of coral boring was supported by the investigation?
The hypothesis of mechanism of coral boring was supported by the investigation is Acid secretion.
What is Acid secretion?Acid secretion serves as a mechanism that is been initiated by food, however this could come from taste of food effects vagal stimulation which could occur from the gastrin-secreting G cells.
This can be found in the distal one third (antrum) of the stomach, The hypothesis of mechanism of coral boring was supported by the investigation is Acid secretion.
Find out more on Acid secretion at https://brainly.com/question/2288474
#SPJ1
Economists use the term ______ to refer to a situation in which the market on its own fails to produce an efficient allocation of resources.
Market failure refers to the inefficient distribution of items and services in the free market.
Market failure happens when persons performing in rational self-interest produce a less than greatest or economically inefficient outcome. Market failure can occur in explicit markets the place items and offerings are bought and offered outright, which are notion of as standard markets
What are the consequences of market failure?Market dominance with the aid of monopolies can lead to under-production and higher fees than would exist below conditions of competition, inflicting purchaser welfare to be damaged. Factor immobility motives unemployment and a loss of productive efficiency.
Learn more about market failure here:
https://brainly.com/question/18958169#SPJ4Diners corporation files a lawsuit against eateries, inc. during the trial, the attorney for eateries, inc. questions the plaintiff's witness, josh. this is:________
If Diners corporation files a lawsuit against eateries, inc. during the trial, the attorney for eateries, inc. questions the plaintiff's witness, josh. this is: Direct examination.
What is direct examination?Direct examination can be defined as the process in which a witness is been questioned or ask a question and this question may be ask by either the lawyer or party.
The attorney is doing what is called direct examination by questioning the plaintiff's witness, josh.
Therefore If Diners corporation files a lawsuit against eateries, inc. during the trial, the attorney for eateries, inc. questions the plaintiff's witness, josh. this is: Direct examination.
Learn more about direct examination here:https://brainly.com/question/13030738
#SPJ1
What a tragedy that in the twilight of her life the unfortunate woman should be _______ of all her loved ones! *
What a tragedy that in the twilight of her life the unfortunate woman should be bereft of all her loved ones!
What is the inflammatory incident in Twilight?Twilight's Inciting Incident: Bella has already met Edward. This leads up to the inciting happening where Edward saves Bella from being killed in a parking lot. She gets her first glance of his powers and is set on her path of learning more about him.
Why is it named Twilight?
The word twilight was on a list of “words with atmosphere” that I sent her. Though these words were meant to be utilized in combination with something else, the word twilight stood out to both of us. We determined to try it out, and, after a little adjustment time, it began to work for both of us.
To learn more about twilight, refer
https://brainly.com/question/12678094
#SPJ4
A restaurant's rent is scheduled to increase by 7.1% next year. If the current monthly rent is $2,780, the new rent will be:________
a. $2,613
b. $2,945
c. $2,919
The new rent will be $2,977
Given, The rent for a restaurant is expected to rise by 7.1% in 2019 and the if the existing rate is $2,780 per month.
$2,780 + 7.1% (197.38)
$2780 +0.071 x 197.38
= $2,977
In simple words , "rent" can be defined as the portion of the produce that is is paid to the landowner in exchange for using his products and services. But rent has occasionally been defined differently in economics. Rent thus only relates to making payments for production elements with an inelastic supply. For instance, it is the cost associated with using land.
To learn more about Rent here
https://brainly.com/question/22333666
#SPJ4
An information ______ policy contains general principles regarding information privacy. nonrepudiation publicity privacy redundancy
An information privacy policy contains general principles regarding information privacy.
What is privacy policy?Privacy policy is a policy that tend to states that confidential or sensitives information should not be disclose.
This implies that customers data or information should not be disclose unless access or permission is giving to disclose the information.
Therefore an information privacy policy contains general principles regarding information privacy.
Learn more about privacy policy here:https://brainly.com/question/13335106
#SPJ1
Multiple choice question which entity does not market to the other entity?
a. businesses to customers
b. customers to businesses
c. wholesalers to retailers
d. manufacturers to retailers
The entity that does not market to the other entity is: b. customers to businesses.
Who is a customer?A customer can be defined as someone that buy goods and service from a company, wholesalers or retailers.
A businesses to customers, a wholesalers to retailers and manufacturers to retailers are the three business entity than can tend to market to other entity.
Customer to businesses can not market to the other entity because they are the buyers.
Therefore the entity that does not market to the other entity is: b. customers to businesses.
Learn more about who is a customer here:https://brainly.com/question/26313265
#SPJ1
Which career professional would work at a publishing company? radio mechanic fine artist musician prepress technician
Answer:
D
Explanation:
prepress technician
Edgn2022
If nominal gdp in 2006 for the united states was $13,377.2 billion and real gdp in 2006 (using 2005 as the base year) was $12,958.5 billion, how much inflation was there between 2005 and 2006?
$13,377.2 billion ÷ $12,958.5 billion) × 100 = 103.2 the importance of the GDP deflator between 2005 and 2006.
How do you find real GDP from nominal GDP and inflation?In general, calculating real GDP is accomplished by separating nominal GDP from the GDP deflator (R). For example, if an economy's prices have risen by 1% since the base year, the deflating digit is 1.01. If nominal GDP was $1 million, then actual GDP is estimated as $1,000,000 / 1.01, or $990,099.
Nominal GDP is derived by bearing the current year's quantity output by the current market cost.
To learn more about Nominal GDP visit the link
https://brainly.com/question/15171681
#SPJ4
What is another name for a back door that was accidentally left in a product by the manufacturer?
A maintenance hook is another name for a back door that was accidentally left in a product by the manufacturer.
A manufacturer is someone or employer that produces finished goods from uncooked substances through the usage of diverse gear, equipment, and processes, and then sells the goods to purchasers, wholesalers, distributors, retailers, or to different manufacturers for the manufacturing of extra complicated goods.
A manufacturer is any business that produces completed items from raw substances. They promote those items to consumers, wholesalers, distributors, shops, and different manufacturers trying to create greater complicated gadgets. producers usually stick with one sort of product.
Definition of a manufacturer is a business or person that produces items. The enterprise that makes a selected brand of shoes is an example of the manufacturer of the sneakers
Learn more about manufacturer here:https://brainly.com/question/25790358
#SPJ4
The ________ refers to the medium that carries the message for a firm, such as a salesperson, advertising media, or public relations tools.
The channel of communication refers to the medium that carries the message for a firm, such as a salesperson, advertising media, or public relations tools.
What is Advertising media?
The term "advertising media" refers to a broad range of promotional outlets. Brands connect with potential consumers via a variety of advertising platforms. Utilizing the best channel may boost revenue and build enduring relationships with customers. Each brand must prioritize advertising media. Between a brand and its customers, each channel serves as a middleman. Discovering the ideal channel enables firms to successfully market their goods, explain their worth, and preserve reliable connections with the target market.
Learn more about Advertising media here:
https://brainly.com/question/14324528
#SPJ4
After entering a transaction into the accounting equation, an increase in total assets can be accompanied by a(n) ________(increase/decrease) in total liabilities or (equity/assets) .
After entering a transaction into the accounting equation, an increase in total assets can be accompanied by increase in total liabilities or equity.
What is accounting equation?The accounting equation can be described as the formula which help in showing the sum of a company's liabilities as well as the shareholders' equity and how they can be equated to total assets.
Therefore, in this case, After entering a transaction into the accounting equation, an increase in total assets can be accompanied by increase in total liabilities or equity.
Find out more on accounting equation at https://brainly.com/question/24401217
#SPJ1
Self-concept is a major step in the consumer's decision process.
a. true
b. false
Our overall perception of who we are, including our physical, emotional, social, spiritual, and other characteristics, is known as our self-concept (Neill, 2005).
What is Self-Concept?
As we develop, we build and control our self-concept based on the knowledge we have about ourselves. It has many dimensions and can be divided into these particular components. The person's self-perception, encompassing what they believe about their qualities and what they are as a person. the entirety of a person's thoughts and emotions with regard to himself as a subject.
Two interrelated marketing concepts are buyer perception and buyer self-concept. People purchase goods and brands because doing so enables them to boast about their use of such goods and brands. Buyer Perception in the Market - The buyer's perception of himself or herself in specific market elements is influenced by:
- External factors
- The whole market in question
- How the customer sees themselves in relation to a specific market category.
Buyer Self Concept: It's crucial to consider the variables that influence consumer behavior. What determines the buyer's "self idea" is:
- The buyer's emotional state
- The buyer's ideal self or situation
- The customer 'exposed' as he or she would prefer to be perceived by the world
- The buyer's purposefully concealed personality.
To learn more about Self-Concept from the given link.
https://brainly.com/question/890495
#SPJ4
The difference between a company's assets and its liabilities, or net assets is: multiple choice expense. revenue. net income. net loss. equity.
The difference between a company's assets and its liabilities, or net assets is: Equity.
Equity, also known as shareholders' equity or owners' equity for privately held businesses, is the sum of money that would remain in the hands of a company's shareholders in the event that all of its assets were sold off and its liabilities were fully settled. It is the worth of company sales less any obligations owing by the company that were not transferred with the sale in the case of an acquisition.Additionally, a company's book value may be represented through shareholder equity. Equity may occasionally be given in exchange for cash. Additionally, it symbolizes the proportionate ownership of a company's shares.One of the most frequently used pieces of information used by analysts to evaluate companies is equity, which can be found on a company's balance sheet.The value that would be restored to a company's shareholders if all of its assets were sold and all of its obligations were settled is known as equity.We can also think of equity as a degree of residual ownership in a corporation or asset after deducting all debts linked with that asset.On a company's balance sheet, equity is the ownership interest of the shareholders. When calculating numerous important financial ratios, including ROE, equity is calculated as total assets minus total liabilities for a corporation.Another meaning of the word The value that would be restored to a company's shareholders if all of its assets were sold and all of its obligations were settled is known as equity.We can also think of equity as a degree of residual ownership in a corporation or asset after deducting all debts linked with that asset.On a company's balance sheet, equity is the ownership interest of the shareholders. When calculating numerous important financial ratios, including ROE, equity is calculated as total assets minus total liabilities for a corporation.Another meaning of the word equity is "the worth of a homeowner's property (net of debt)". equity is "the worth of a homeowner's property (net of debt)".To learn more about equity visit:https://brainly.com/question/1957305
#SPJ4
If ece's stock is currently trading at $24.00 and ece has 25 million shares outstanding, then ece's market-to-book ratio is closest to:_____.
If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding, then ECE's market-to-book ratio is closest to 4%
The term "stock" refers to the holder's interest in one or more businesses. A single share of ownership in a firm is referred to as a "share" in contrast. For instance, if X has stock investments, X may have a portfolio of shares from many firms.What are the 4 different stock types?Here are four stock categories that every shrewd investor need to have for a well-rounded portfolio.
escalating stocks These are the shares you purchase in lieu of dividends with an eye toward capital growth.New issues, defensive equities, dividend-paying or yield stocks, etc.To Learn more about Stocks and Shares, Click the links.
https://brainly.com/question/13219963
https://brainly.com/question/14497997
#SPJ4
What can cause the market supply curve for wireless ear buds to shift leftward (a decrease in supply)?
An increase in the price of the plastic used to make the wireless earbuds can make the supply curve to shift left.
What is the supply curve?This is the curve that is used to tell us of the amount of goods that the producers would be able to make available for the market at a given price.
This is shown in the fact that the increase in the raw materials for production may cause the production to fall. Hence the produces would have less to supply for the market. Therefore, an increase in the price of the plastic used to make the wireless earbuds can make the supply curve to shift left.
Read more on market supply curve here: https://brainly.com/question/26430220
#SPJ1
