The price of a product increases by 15 nd its price elasticity of demand is 3. what is the change in quantity demanded?

$1,900.07 are your monthly mortgage payments. As the interest rate on the loan is 6.01 percent compounded monthly and the loan is for 20 years.

An interest rate is a fee that a lender assesses to a borrower; it is calculated as a percentage of the principal, or the loaned amount. The annual percentage rate, or APR, is typically used to express the interest rate on a loan.

For instance, a person's repayment to the lender will be $105 if person borrow $100 at 5% interest. Lender will profit by $5. The interestd rate is calculated.

Thus, it is $1,900.07.

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A $135 petty cash fund has cash of $28 and receipts of $110. the journal entry to replenish the account would include a Credit to cash over and Short of $3.

Cash Over and Short Account is a record in the general ledger. The record stores the sum by which the genuine completion cash balance varies from the outset book equilibrium of money available, give or take any recorded money exchanges during the period.

A firm ought to note occasions of money fluctuations in a solitary, effectively open record. This cash over-account ought to be named a pay proclamation account, not a business ledger because the recorded mistakes can increment or diminish an organization's benefits on its pay explanation.

A Petty Cash Fund is a limited quantity of organization cash, frequently kept closed, to pay for minor or coincidental costs, for example, office supplies or representative repayments.

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Company decides not to implement security procedures because employees refuse to comply it anyway. this is an example of Acceptance risk also known as risk retention.

The risk of acceptance usually occurs when a business or individual acknowledges the potential loss from a risk. A risk is not enough to avoid spending money. It is also known as "risk retention". These kind of risk management commonly found in investment fields or business.  Small risk do not have ability to catastrophic or way too expensive. They are worth accepting and acknowledgment problems. This tool is very valuable. Risk acceptance is the self insurance form. These helps to avoid risk easily.

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Generally, any countries that is experiencing balance-of-payments deficits can obtain short-term loans from the International Monetary Fund.

The Financial body is established to promote trade amongst member nations by eliminating and fostering financial cooperation. The International Monetary Fund makes a short-term loans to member countries that have balance of payment deficits and provides foreign currency to member nations. This body is the closest thing the world has to an international central bank.

As a country with a balance of payments deficit tells that its imports more goods, services & capital than it exports which might make it borrow from other countries to pay for its imports, then, the International Monetary Fund can provide a short term funding to stabilize the deficit.

Therefore, any countries that is experiencing balance-of-payments deficits can obtain short-term loans from the International Monetary Fund.

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The weighted average cost of capital for a firm is also dependent upon the firm's:  tax rate.

Business capital generally includes financial assets held by a company that can be used to drive growth and build financial stability. Capital and cash are not the same. Capital can be more powerful than cash because it can be used to produce something and generate income (such as investments).

Equity refers to the company's assets and cash. Capital can be cash, machinery, accounts receivable, real estate, or housing. Equity can also reflect the capital acquired in the company or the wealth of the company's owners. Capital is defined as the most significant or serious associated with wealth, the seat of government or the death penalty. Capital examples are the most important qualities employers look for in prospective employees. Quality of capital. An example of capital is an investment. investment.

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The term mixed production plan directs to a sales and operations plan that differs both production and inventory levels to create the most effective plan.

The result of the production planning process is a document called a production plan that outlines how production processes will be carried out. It outlines the equipment, raw materials, and labor resources that will be required as well as the production schedule that will be adhered to. Production planning is the organisation of the manufacturing and production processes within a business or sector. To service various clients, it makes use of resource allocation for personnel activities, materials, and manufacturing capacity.

Both inventory and staff levels are subject to fluctuate during the planning horizon in a mixed strategy. The "chase" and "level" methods are therefore combined. If the expenses of keeping inventory and adjusting the workforce level are somewhat high, this will be a smart strategy. Typically, aggregate planning is done for a period of 12 months.

Employing temporary labor, letting staff go for a set amount of time, or cross-training personnel are a few examples of aggregate planning. This serves as a useful benchmark for assessing resource use and implementation.

Hence, The term mixed production plan directs to a sales and operations plan that differs both production and inventory levels to create the most effective plan.

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A local sporting goods store offers 30% off the local high school spirit wear during homecoming week, promotion is the correct answer

The use of promotion as a marketing tool helps suppliers and buyers communicate with one another. By doing this, the vendor seeks to persuade and influence customers to purchase their goods or services. It helps to inform consumers about the company, its goods, and its services.

Marketing promotion is characterised as a kind of interaction between a buyer and a seller in which a buyer persuades his or her audience to purchase the things being offered. The major goals of promotion are to build brand loyalty, interest in the product or service, and sales.

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The obstacle is that It is often difficult and sometimes impossible to perform experiments in economics.

What is economics?

Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are very important in the society.

The fundamental reason because of which, this obstacle come is because it is exceedingly challenging to assert that an occurrence is the result of just one cause in economics, just like in any other social science. In most cases, there are numerous causes, and vice versa, a single cause might result in a number of consequences.

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The psychological influences that are known to have an effect on the reason why people carry out purchase decisions are:

The term purchase decision has to do with all of the decisions that are known to affect the ways' that humans would have to carry out the buying and other purchase of goods and services. The purchase decisions may have to do with all that has to do with buying minor goods that are as little as a pair of slippers and the major goods that would require better planning such as the purchase of a house.

Hence we can say that The psychologial influences that are knwon to have an effect on the reason why people carry out purchase decisions are:

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Complete question

Which of the following are considered psychological influences on the purchase decision process? (Check all that apply.)

Value, beliefs, and attitudes

Learning

Yes, the statement stands True. A business firm may have to comply with the laws of any jurisdiction in which it actively targets customers. Business law, often known as commercial law or mercantile law, is the body of regulations controlling inter-person interactions in commercial concerns, whether established by convention, agreement, national or international legislation.

In India, company law governs all laws and regulations, from a company's incorporation to its dissolution. It refers to and relates to the legal regulations that govern business and trade in both the public and private sectors.

Business law covers a wide range of topics, including the establishment of new businesses and any problems that can occur during operation. These topics include tax law, contracts, intellectual property, real estate, sales, employment, and more.

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An increase in inventories will increase the Investment expenditures component of gross domestic product

This is further explained below.

Generally, The total monetary worth of all completed products and services produced inside a nation over a certain time period is referred to as the country's gross domestic product (GDP).

The GDP gives a snapshot of a country's economy, which may be used to determine the size of an economy as well as its growth rate.

In conclusion, An increase in inventories will result in a rise in the component of gross domestic product that measures investment expenditures.

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Distressed sums up Miss Hepzibah Pyncheon's feelings toward servicing her first client the best.

Being very stressed out or having trouble.

She could not have been interested since she was not wondering anything, and she could not have been eager because she was not waiting for anything or anyone.

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The statement that the WTO was formed by countries that conduct the majority of international trade is TRUE.

The World Trade Organization (WTO) was established by 123 nations around the world in 1994 with the signing of the Marrakesh Agreement.

The World Trade Organization was able to become so influential in regulating trade because these 123 nations were the major players in international trade.

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the fact that there are only two goods produced in this theoretical economy, when, in reality, economies produce many more types of goods, means this model is generally useless.

This statement is false.

Scientists generally make assumptions in their models to simplify the complex world which they are trying to describe. Making these simplifying assumptions allows the  scientists to focus on the most important components of the topic of study.

Economists also make simplifying assumptions in all  the economic models in order to focus on the most important economic variables in a any given situation.

In this case, although much of the practical application of the production possibilities frontier model is lost when only two goods are allowed.

This simple PPF model can also  be used to model important economic concepts, such as the opportunity cost, efficiency, feasibility, and technological change.

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As an example of the expansion of global marketing, Oreos can be found in more than 100 countries

Selling a product abroad is only one aspect of global marketing. Instead, it encompasses every step of organizing, creating, distributing, and advertising a company's goods on a global scale. With the growth of the Internet, even small firms may now contact customers throughout the globe. Large corporations frequently maintain offices in the foreign nations they market to.

Even if a business decides against going global, it might still have to compete with foreign firms doing so at home. Due to the competition, most businesses now consider having an international presence to be almost necessary.

For goods with widespread consumer demand, like food and automobiles, global marketing is especially crucial. As a result, a beverage firm is more likely to be present in more markets than, for example, a wooden toy company; nevertheless, even a wooden toy company may find niche markets in various parts of the world.

Thus Global Marketing blurs the physical boundaries and helps the sellers to connect to potential buyers.

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The managerial role depicted by Airbus' decision to dismiss the employees is disturbance handler.

Disturbance handler refers to a person who needs managers to make judgments on unpredictably disruptive events under high pressure that are out of their control and coordination. Managers must resolve problems among their subordinates as well as those between their department and other departments, for instance.

A manager's main responsibility is to develop a full proof plan to achieve the goals and the objectives of the organization. Setting deadlines and performance requirements is also necessary. This calls for the allocating of personnel resources, assigning and dividing tasks, and delegating and distributing duties.

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Although most money market securities are of low risk, they are not risk-free.The statement is true.

The money market is referred to as a market that enables short-term investment for the individual. Large quantities of very short-term debt instruments, such as unsecured reserves or commercial paper, are bought and sold in this process.

Money market securities are of low risk as they received protection and safety from the Federal Deposit Insurance Corporation (FDIC) at banks which reflects that funds invested in this market can never lose their worth and seek stability.

Therefore, the statement is True.

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Although a company's advertising is focused on its target audience, its overall marketing initiatives are directed towards its target market.

Advertising is a type of marketing communication that uses an overtly commercial, impersonal message to sell or promote a good, service, or concept. Businesses who want to advertise their goods or services are often the sponsors of advertising. Public relations and advertising are distinct from one another because in advertising, the message is funded and controlled by the advertiser. Advertising is spread by a variety of mass media, including new media like search results, blogs, social media, websites, or text messaging as well as conventional media like newspapers, magazines, television, radio, outdoor advertising, or direct mail.

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Advertising is geared toward a company's target audience,, but its overall marketing activities are geared toward its target market. Advertising is a marketing strategy that involves paying for advertising space to promote a product, service, or cause. Advertisements, or ads for short, are the real commercial messaging.

The advertising's purpose is to contact those who are most likely to be willing to pay for a company's products or services and persuade them to buy. These are some examples of advertisements: Print advertising includes advertisements in newspapers, periodicals, and brochures, among other things. Broadcast advertising includes television and the radio commercials.

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Businesses differ from nonprofit organizations in that a business's focus is on Profit.

What is non-profit organization

A nonprofit organization (NPO), often referred to as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity set up and run for a group's, the public's, or social good as opposed to a business that operates to make money for its owners. The non-distribution constraint applies to nonprofits, which means that any surplus funds must be used to further their mission rather than being distributed to other parties. Many organizations, including some political ones, educational institutions, professional associations, religious institutions, social clubs, and consumer cooperatives, are nonprofit.

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The difference between the entries to record depreciation on office equipment and depreciation on factory equipment is that one: debits Depreciation expense, while the other debits MOH

What is difference between depreciation of office equipment and factory equipment?

It should be noted that factory equipment is asset that is used in the factory, which means that its depreciation should be shown under the manufacturing overhead(MOH) even though does not reflect directly in the goods manufactured, needs to be incurred to in course of manufacturing.

However, for the depreciation on office equipment which is an administrative asset, the accumulated depreciation on office equipment is credited(a contra account in the balance sheet) such that the depreciation expense is debited in the income statement, in essence, one relates to production and the other to administration.

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TRUE, It is safe to assume that fraud has not occurred if one or more elements of the fraud triangle cannot be observed.

A triangle is a polygon with three edges and three vertices. it's far one of the fundamental shapes in geometry. A triangle with vertices A, B, and C is denoted triangle ABC. In Euclidean geometry, any three points, while non-collinear, determine a unique triangle and simultaneously, a completely unique plane.

Triangles are shapes with 3 sides. There are different names for the sorts of triangles. A triangle's type depends at the length of its sides and the size of its angles (corners). There are three styles of triangle based at the period of the perimeters: equilateral, isosceles, and scalene.

In Geometry, a triangle is a 3-sided polygon that consists of 3 edges and 3 vertices. The maximum crucial property of a triangle is that the sum of the internal angles of a triangle is equal to one hundred eighty tiers. This property is known as attitude sum property of triangle.

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In this case, we have had a change in Supply and the quantity demanded.

As the price of chicken feed rise, supply will grow. But demand will drop. In contrast, if the price falls, supply is constrained and demand is increased. According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases.

According to the law of supply, on the other hand, higher prices tend to increase an economic good's supply while lower ones tend to reduce it.The intersection of the supply and demand curves, which balances supply and demand, is a graphic representation of the market-clearing price.

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The process of analyzing the tasks necessary for the production of a product describes workflow design.

A workflow diagram, commonly referred to as a workflow, is a visual representation of the business process. The process demonstrates step-by-step how your job is accomplished from beginning to end using standardized symbols and forms. It also indicates who is in charge of the job at each stage of the process.

A thorough workflow analysis must be completed before designing a workflow because it can reveal any potential flaws. You may define, standardize, and pinpoint crucial sections of your process with the use of workflow analysis.

Workflows are also helpful for fostering more cohesion across various departments and for aiding staff in understanding their jobs and the sequence in which tasks must be done. Workflows are utilized in a wide range of industries nowadays and are simpler to construct than ever before. They were originally employed in the manufacturing sector.

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Consumer cost is everything a consumer must surrender to obtain the benefits of possessing or using the product.

Consumer cost is a variable or a concept that entirely encompasses the price of the commodity along with the purchase costs, use costs, and post-use costs.  Purchase costs comprise the cost of finding the product, garnering information about it, and the expenses incurred in obtaining the information. Use costs are the costs incurred on goods that require resources. Post-use costs denote the costs for collecting, storing, and disposing of the product once the item has been discarded.

Price is only one component of the total cost a consumer has to endure. The consumer has to cover the additional costs of transportation, usage, and disposal of the product. All these costs together constitute the consumer cost.

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An extremely large number of vendors, each of whom makes a comparable or same product, make up a competitive market.

The total of all these unique outputs, which each provider produces as a small portion of the market as a whole, represents the production of that industry.

A market that has just one supplier is considered a monopolist at the other extreme. Examples include the fact that the National Hockey League is the only provider of top-notch professional hockey matches in North America, Hydro Quebec is the province of Quebec's sole electricity supplier, and Via Rail is the only provider of passenger rail services between Windsor, Ontario, and the city of Quebec.

Equilibrium: What Is It?

When market supply and demand are in balance, prices become steady. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or under supply raises prices, which decreases demand.

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Depending on the business and industry, corporate social responsibility

social responsibility is a broad term that can take many different shapes. Businesses can build their brands while contributing to society through CSR initiatives, charity, and volunteer work. However, before a company can be considered socially responsible, it must first be held accountable to itself and its shareholders. Companies that implement CSR initiatives frequently expand to the point where they can support the community. Therefore, CSR is often a technique that big businesses use. After all, a company has a greater need to provide an example of moral conduct for its associates, rivals, and industry the more visible and successful it becomes.

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The mean of the data set in the question is 34.0

We have to find the midpoint of the classes

this would be gotten by the addition of the first and the last numbers divided by 2.

This would be seen in the following way

0 + 11 / 2 = 5.5

12 + 23 / 2 = 17.5

24 + 35 / 2 = 29.5

36 + 47 / 2 = 41.5

48 + 59 / 2 = 53.5

Next we have to multiply the midpoints by the given frequencies in the table

The frequencies * midpoint are

6 * 5.5 = 33

10 * 17.5 = 175

5 * 29.5 = 147.5

14 *41.5 = 581

13 * 53.5 = 695.5

Then the summations of the frequency is

6 + 10 + 5 + 14 + 13 = 48

The summation of the table above would be

33 + 175 + 147.5 + 581 + 695.5 = 1632

The mean would be 1632 / 48 = 34.0

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'A shortage is when the quantity demanded is greater than the quantity supplied at a specific price.

Quantity demanded is a term used in economics to describe the total amount of goods or services sought by consumers over a period of time. It depends on the price of the goods or services in the market whether the market is in equilibrium or not.

Demand is the quantity of goods or services that consumers are willing and able to purchase at a given price over a given period of time. Quantity demanded is the amount of goods or services that people buy at a particular price at a particular time.

Demand is the number of consumers willing and able to purchase a product at various prices over a period of time. Demand for goods refers to consumers' desire to purchase goods and their willingness and ability to pay for them.

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A fall in the average price of exports will basically worsen the terms of trade or with other things unchanged, a rise in the average price of imports.

The terms of trade will not be improved by this event; on the contrary, they will be made worse.

A rise in the average price of imports or a decline in the average price of exports make it impossible to increase the frontier of production possibilities.

Additionally, if other factors remain the same, the production possibilities frontier won't contract if exports average prices decline while import average prices increase.

All other things being equal, determining a set of equilibria enables one to forecast how much a nation will import at various international prices as well as how much it will export in excess of its domestic consumption at various international prices.

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A group of persons that carry out the same tasks or adhere to the same protocols is referred to as: Process (work)

division of labor

It is defined as the partition of a work process into a number of tasks, each of which is carried out by a different individual or group of individuals. It is one of the fundamental organizational principles of the assembly line and is most frequently used in mass production systems.

Eliminating needless motion and limiting the handling of various instruments and parts are two benefits of breaking work down into simple repetitive operations. Because of the resulting decrease in manufacturing time and the opportunity to replace experienced workers with less-paid unskilled ones, production costs are reduced, making the finished product less expensive.

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