When the price elasticity coefficient is equal to infinity, the product exhibits perfectly elastic demand.
What is the price elasticity of demand?A measure of a product's change in consumption in response to a change in price is called price elasticity of demand. How responsive the amount wanted is to the price is determined by a good's price elasticity of demand (PED). Almost all items see a decline in demand when prices rise, but certain goods are more affected than others. The price elasticity gives the percentage change in the quantity needed when a price rises by 1% and all other variables stay the same. A 1% rise in price causes a 2% decrease in the amount sought if the elasticity is 2. Other elasticities are used to determine how much the quantity needed changes in relation to other factors.
To know more about the price elasticity of demand visit:- https://brainly.com/question/20630691
#SPJ4
Occur when the cash flow occurs after either the expense is incurred or the revenue is earned.
Answer: Accurals
Explanation:
A student who wants to transfer to a university and earn a bachelors of science degree must complete an associate of science degree at a community college. True or false
It is completely incorrect to state that a student who wants to transfer to a university and earn a bachelors of science degree must complete an associate of science degree at a community college. Therefore, the statement given above is false.
What is the significance of a bachelors degree?A bachelors degree can be referred to or considered as a degree that can be achieved by a student in his or her name by clearing and meeting the requirements for holding the degree as such. Bachelors degree can only be achieved by attending a bachelors college and course.
Therefore, the statement given above regarding the significance of a bachelors degree is false.
Learn more about bachelors degree here:
https://brainly.com/question/5709442
#SPJ4
A manufacturer has a monthly fixed cost of $100,000 and a production cost of $22 for each unit produced. the product sells for $25 per unit. find the break-even revenue.
A manufacturer has a monthly fixed cost of $100,000 and a unit manufacturing cost of $22. The product costs $25 per unit. The revenue required to break even is (100000/3,2500000/3)
What is Break-Even?
The point at which a small business makes a profit is called break-even. A small business's break-even quantity is the number of units it must sell to make back all of its expenses, whereas its break-even income is the amount of sales it must make to do so. An internal management accounting tool that establishes the connection between cost, volume, and profit is break-even analysis. Fixed costs divided by contribution margin ratio, which is equal to contribution margin divided by total revenue, equals break-even revenue. The difference between revenue and variable costs is the contribution margin. Rent, insurance, executive compensation, upkeep, and property taxes are examples of fixed costs. Even if a tiny business doesn't generate any money, it will still have certain fixed expenses.
To learn more about Break-Even
https://brainly.com/question/21137380
#SPJ4
Which type of revenue or gain is generally recognized with the passage of time? revenue from sales. gain or loss from disposition. long-term construction contracts. revenue from fees or services.
Long-term construction contracts type of revenue or gain is generally recognized with the passage of time long-term construction contracts
The definition of construction is the process of making something, the obsession with building, or the way something is put together. A construction example is creating and decorating a new ice cream parlor in a former shoe store. The construction industry is an important sector that contributes significantly to the economic growth of the country. The construction industry is an investment-oriented sector in which governments are showing great interest. The government contracts with the construction industry to build infrastructure in the health, transportation, and education sectors.
These are simple construction: Residential buildings such as single-family homes and apartment complexes. Commercial buildings such as offices and warehouses. Industrial facilities such as factories and large production facilities. Infrastructure projects such as roads, bridges, airports, and sewers.
Learn more about the construction here
https://brainly.com/question/25799760
#SPJ4
True or false: a shortage occurs when quantity supplied exceeds quantity demanded.
a shortage occurs when quantity supplied exceeds quantity demanded. The assertion is untrue.
What is scarcity?
When the amount required exceeds the amount supplied at the going rate, there is a shortage.
Three factors primarily contribute to shortages: rising demand, falling supply, and government action.
The term "scarcity" should not be confused with "shortage" as it is used in economics.
In a market that is operating normally, the quantity provided and the quantity sought are in equilibrium at a price determined by market forces. A shortage occurs when there is an imbalance between supply and demand for a good or service. The market is said to be in a condition of disequilibrium when this happens. This circumstance often only lasts a short while before the product is supplied and the market returns to normal.
to know more about shortage
https://brainly.com/question/1451952
#SPJ4
If the u.s. dollar is strong, what is the impact on trade between china and the u.s.?
The U.S. dollar will be able to purchase more Chinese items for less money if it is strong in relation to Chinese currencies. More Chinese goods will be imported into the American market as a result.
What is market?
The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
The term "market" is frequently used by businesspeople to refer to the associations of people or entities that make up the pool of present and potential consumers of their goods and services.
Therefore,
If the u.s. dollar is strong, what is the impact on trade between china and the u.s.?
The U.S. dollar will be able to purchase more Chinese items for less money if it is strong in relation to Chinese currencies. More Chinese goods will be imported into the American market as a result.
To learn more about market from the given link:
https://brainly.com/question/25754149
#SPJ4
Communism exhibits all the characteristics of a ______ system.
a) laissez-faire
b) command
c) mixed market
c. mixed market
Explanation:
Comumis exhibits all the characteristics of mixed market system
The seller has agreed to correct an inspection item before closing. the seller will pay the contractor before closing. how would this be recorded on the settlement statement?
The seller has agreed to correct an inspection item before closing. the seller will pay the contractor before closing. This would be recorded using POC.
A seller is an individual or organization that offers a product, service, or financial asset for purchase. Short selling involves borrowing unsecured securities in order to sell them, with the aim of buying them back at a lower price. The seller of the option is called the "writer" who collects the premium from the buyer.
A salesperson is a sales support person responsible for initiating sales conversations and facilitating the customer's sales experience. A salesperson helps the customer and then gives the best solution regarding the products being sold.
These three categories include professional salespeople, keen salespeople, and salespeople looking for a strategic partnership.
Learn more about seller here:https://brainly.com/question/28506317
#SPJ4
Stakeholder engagement should include both internal, as well as external, stakeholders and emphasize issues that directly affect corporate strategy.
a. true
b. false
The statement that, "Stakeholder engagement should include both internal, as well as external, stakeholders and emphasize issues that directly affect corporate strategy" is True.
What is Stakeholder engagement?Stakeholder engagement refers to a type of meeting that all the major players in an industry. Stakeholder engagement is designed to tackle the issues that directly affect the organization.
Stakeholders are expected to make their own input and be aware of any major changes that ought to be carried out in the interest of the organization. Since their funds are involved in the business, they ought to be aware of all important decisions.
Learn more about stakeholder engagement here:
https://brainly.com/question/4404879
#SPJ1
When conducting business in a market of comparative advantage, trading partners will realize:_____.
When conducting business in a market of comparative advantage, trading partners will realize "economies of scale."
What is Comparative advantage?
The ability of an economy to produce a certain good or service at a lower opportunity cost than its trading competitors is known as comparative advantage. The idea of comparative advantage shows how trade may be advantageous for individuals, nations, or companies. Comparative advantage in international trade refers to the goods that a nation can produce faster or cheaper than other nations. Even while this typically illustrates the advantages of trade, a number of modern economists now admit that relying solely on comparative advantages may lead to resource exploitation and depletion in a country.
To learn more about Comparative Advantages
https://brainly.com/question/14846093
#SPJ4
What is the financial impact on a company when a customer returns a product for a refund?
Since the corporation has previously accumulated for anticipated refunds and returns, there will be no impact on sales revenue.
What is Sales Revenue?Sales revenue is the money a business makes from selling products or offering services. Sales and revenue can, and frequently are, used interchangeably to refer to the same thing in accounting.
It is crucial to keep in mind that income is not necessarily the same as money received. Cash may be used to cover a portion of sales revenue, while methods like accounts receivable may be used to cover the remaining portion on credit.
Sales revenue can be represented on the income statement using either the total gross revenue or the total net revenue. All deductions for product returns, the potential for undelivered items, and the cost of bad debts, also known as uncollectible accounts receivables, are included in net revenue.
To know more about Sales Revenue, visit
https://brainly.com/question/21290956
#SPJ4
True or false: as food passes through our digestive tract, the amount of nutrients remaining as it reaches the large intestines is low.
It is a true statement that as food passes through our digestive tract, the amount of nutrients remaining as it reaches the large intestines is low.
What is the digestive system?It refers to one of the important body system that breaks down food into nutrients such as carbohydrates, fats, proteins. It allows absorption of nutrient into the bloodstream so the body can use them for energy, growth and repair.
The process is that as food passes through the GI tract, it mixes with digestive juices, causing large molecules of food to break down into smaller molecules. The body, then absorbs these smaller molecules through the walls of the small intestine into the bloodstream which delivers them to the rest of the body. However, the amount of nutrients remaining as it reaches the large intestines is low.
Read more about digestive system
brainly.com/question/1615825
#SPJ1
As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes:________
Marginal Utility is described in this example.
The additional pleasure a consumer has from owning one extra unit of an item or service is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that consumers will buy.
When the overall utility is increased by the consumption of an additional item, positive marginal utility occurs. On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit. To determine how consumer decisions are impacted by degrees of satisfaction, economists utilize the concept of marginal utility. The law of declining marginal utility is a principle that economists have also identified.
To learn more about Marginal Utility here
https://brainly.com/question/15561406
#SPJ4
Good friends nick, ricardo and lauren start a private accounting firm together which they manage and own jointly. their company may be set up as:_____.
A commercial relationship should be based on shared principles and objectives, just like any other kind of cooperation.
The formation of a corporate partnership has many benefits. It's a chance to pool resources, and that person probably possesses skill sets that you don't. The following six factors should be taken into account before selecting a business partner.
You must share beliefs and be committed to staying in touch despite the ups and downs of running your business.
Any business's primary objective is to make a profit, thus it's crucial to describe your financial management strategy. Although some people may find this difficult, it's crucial to discuss your financial beliefs right away.
At least one partner in a limited partnership is subject to limitless responsibility. Due to the other partner's limited liability, the firm cannot be linked to their personal assets. This kind of partnership is often chosen when both partners are involved in the business to varying degrees.
Each partner's financial commitment to the company is constrained in a limited liability partnership. Both parties will be best protected by this setup.
To learn more about Partnership Business from the given link.
https://brainly.com/question/15913927
#SPJ4
Answer: a partnership
Explanation:
A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits.
Sales of blank______ began to increase in the early 1970s as many cigarette smokers apparently began to look for alternatives that would reduce the risk of lung cancer.
Sales of Smokeless tobacco products began to increase in the early 1970s as many cigarette smokers apparently began to look for alternatives that would reduce the risk of lung cancer.
How smoking cigarettes can cause lung cancer?According to research, smoking results in cell alterations that lead to lung cancer. Numerous of the hundreds of compounds found in cigarette smoke are carcinogenic. Despite the fact that the human body can frequently detoxify and eliminate carcinogens, when it is unable to do so, residual carcinogens can cause the body's cells to mutate, occasionally resulting in the development of malignant cells. Healthy cells are able to recognize when to stop dividing because the normal cell healing process requires cells to divide continuously until all harm has been fixed. On the other hand, cells that have undergone malignant mutations lose the ability to know when to stop and will continue to divide and expand.
Not every cell mutation results in cancer. But the more smoke a person inhales, the more mutations they'll experience, and the more likely it is that one of those mutations will be malignant. As a result, the chance of developing cancer increases with the length and frequency of a person's smoking. Notably, despite the fact that carcinogens frequently harm lung cells, they can also enter the bloodstream and spread throughout the body, resulting in a variety of cancers.
To know more about cancer visit:-https://brainly.com/question/14945792
#SPJ4
Under a system of private property, could a 60-year-old owner of a tree farm benefit by planting and caring for a crop of douglas firs, most of which will not be ready to cut for 50 years?
Yes, as the trees develop and the harvest draws nearer, the farmer will gain from an increase in the value of the private property.
What do you mean by Private property?
Real estate that is owned by people or organisations other than the government is referred to as private property. Land, buildings, things, and intellectual property are all examples of private property (copyright, patent, trademark, and trade secrets). Private property is often given away, sold, or transferred with the owner's permission.
To learn more about Private property
https://brainly.com/question/5321219
#SPJ4
When goods are delivered to a buyer via a common carrier, such as a trucking line, it is known as ________.
When goods are delivered to a buyer via a common carrier, such as a trucking line, it is known as a common-carrier delivery contract.
What is a common carrier?A common carrier is a person or business that transports products or people on behalf of another person or business and is liable for any potential loss of the goods during the course of the transportation. In some civil law systems, a common carrier is referred to as a public carrier. A regulatory body that typically has been given "ministerial authority" by the legislation that created it issues a common carrier with a license or other authority to provide its services to the general public. As long as it stays within the parameters of the enabling legislation, the regulatory body is free to formulate, interpret, and enact regulations against the common carrier (subject to court review).
To learn more about the common carrier, visit:
https://brainly.com/question/14802178
#SPJ4
Which one of the following statements is correct? 1) total economic surplus is the difference between marginal benefits and marginal costs
When marginal benefits are equal to marginal costs, total economic surplus is maximized.
What in economics is a marginal benefit?
The most a consumer will spend on a supplemental commodity or service is what is known as the marginal benefit. The additional satisfaction a customer experiences while purchasing the extra commodity or service is also considered a marginal advantage.
How are marginal benefits determined?
Change in total cost/change in quantity is the formula used to calculate marginal cost. While "change in total benefit/change in quantity" is the formula used to calculate marginal benefit.
To know more about marginal benefits
https://brainly.com/question/8136407
#SPJ4
In an eoq model with variable demand, stockouts cannot occur.
a) true
b) false
False, In an EOQ model with variable demand, stockouts cannot occur.
Why do stockouts occur?An OOS event, commonly referred to as a stockout, happens when the inventory is exhausted. The most noticeable stockouts, also known as On Shelf Availability (OSA) problems, occur at the store level, though they can occur at any point along the supply chain. A lot of inventory management techniques, like safety stocks, have been developed to reduce the incidence of stockouts because they are typically viewed as issues that need to be rectified.
Overstocks occur when too much inventory is kept on hand; stockouts occur when there is not enough. A stockout often has two financial effects: first, the immediate opportunity loss brought on by fewer transactions, and second, the delayed market response as a result of aversion toward unreliable providers.
To know more about Stockouts visit:
https://brainly.com/question/28580429
#SPJ4
Before completing the physical examination, the nurse determines that the client is awake, alert, and oriented. this information would be important for which part of the general survey?
The crucial data for the survey is consciousness level.
The phrase "level of consciousness" refers to a person's awareness and comprehension of what is going on around them. The three main levels of awareness are as follows:
When a person is awake, conscious of their environment, and able to think, speak, move, and react normally, they are said to be conscious.
A person has decreased consciousness when they appear to be awake and aware of their environment but are not acting normally. When unconscious, a person might not respond to questions, look straight ahead, or make any facial expressions. Others could assume that the person is acting strange, dazed, or confused. The person might not remember what happened in the future. When someone is unconscious, they are not aware of what is happening and are unable to react appropriately to what is happening to them and those around them.
To learn more about Level of consciousness here
https://brainly.com/question/9790404
#SPJ4
In 2018, country a exported $84.9 billion and imported products valued at $74.69 billion. the difference between the dollar value of its exports and imports represents a:_________
Country A exported goods worth $84.9 billion in 2018 while importing goods worth $74.69 billion. the trade surplus is the difference between its imports and exports in dollars.
An economic indicator of a favorable trade balance is a trade surplus, which occurs when an economy's exports exceed its imports. The trade balance is calculated as Total Value of Exports minus Total Value of Imports. There is a trade surplus when the result of the computation above is positive. The trade balances on a monthly basis are being released by the US Bureau of Economic Analysis. An economy's employment and economic growth can be boosted by a trade surplus, but it can also result in higher prices and interest rates.
To learn more about Trade Surplus here
https://brainly.in/question/1845016
#SPJ4
If fixed costs are $400,000 and the unit contribution margin is $20, the amount of units that must be sold in order to have a zero profit is:_______
According to the question,
Breakeven point is defined as zero profit. Breakeven Point in Units = Contribution per Unit of Fixed Cost. Even if we sell 20,000 units, we will still make no money.
=$400,000 ÷ 20
=20,000 units
Even if we sell 20,000 units, we will still make no money.
Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are expenditures incurred by a corporation that are independent of the volume of goods or services the company produces.
They frequently occur again and again, like monthly rent or interest payments. These expenses are often capital expenses as well.
To Learn more about fixed costs, click the links.
https://brainly.com/question/17100497
https://brainly.com/question/17137250
#SPJ4
A ______ is a visual display of the essential information related to achieving a marketing objective.
A marketing dashboard means the visual display of the essential information related to achieving a marketing objective.
What is a marketing dashboard?This refers to the visual display of the most relevant information necessary to keep track of key marketing metrics and to achieve some more marketing objectives.
These dashboards can be used to track the performance of your business's online marketing activities and they lets one monitor campaigns and other digital marketing efforts in real-time.
In conclusion, it means the visual display of the essential information related to achieving a marketing objective.
Read more about marketing dashboard
brainly.com/question/17354284
#SPJ1
Suppose your marginal benefit of your first cup of coffee is $4, of your second is $3, and of your third is $2. if the price of coffee is $3, how many cups of coffee will you buy?
The price a customer is willing to pay to acquire an additional unit is referred to as the marginal benefit (each individual area). As a result, total benefit equals sum of marginal benefits. 2 cups
So, the correct answer is 2cup.
Marginal Benefit
Two indicators of how a product's price or value fluctuates are marginal benefit and marginal cost. While marginal cost has an influence on the producer, marginal benefit has an impact on the consumer. When creating, determining a product's price, and marketing it, businesses must take into account both ideas. A consumer's utmost willingness to pay for an additional commodity or service is known as the marginal benefit. With rising spending, the consumer's contentment tends to decline. The cost that is affected when a further unit of a good or service is produced is known as the marginal cost. Using an additional unit of an item or service results in a minor but quantifiable benefit for the consumer. As a consumer chooses to consume more of a single commodity, the marginal benefit typically decreases. Consider a consumer who buys a ring for her right hand. She spends $100 on the ideal accessory. She would not want to spend an additional $100 on a second ring because she does not need two rings. She might, however, be persuaded to spend $50 on that additional ring. For this consumer, the first ring's marginal benefit is $100 and the second ring's marginal benefit is $50.
To learn more about Marginal Benefit
https://brainly.com/question/8136407
#SPJ4
A project manager's referent power is described as persuading others based upon giving them something.
true/ false
False, Adopting clear ground rules that outline appropriate behaviour on the part of project team members can enhance collaboration, efficiency, and communication.
Who are the Potential customer?
A prospect is a common term used to describe a potential customer of a business.
It is a person who may be interested in the goods and services that the business provides but hasn't yet made a purchase. He therefore isn't a client. The term "potential customer" is extremely ambiguous; it could very well refer to someone who is familiar with the business and wants to purchase one of their products, or it could refer to someone who might be intrigued if they share a trait with the majority of the company's clients, such as practising the same profession.
To learn more about Potential customer
https://brainly.com/question/3053467
#SPJ4
Nder the flsa, what information concerning employees' wages must be maintained by the employer?
The wages of the employees are information are:
The payroll, the duration. The additions and the deductions from the employees' wages.The nature amount is the exempt pay.What is wages?
The amount paid by labor is referred to as "wages." The wages are paid on a daily, weekly, or according to the work basis. The wages are the expenses of the business.
The employer is responsible for keeping track of the employee's salary. The payroll is the employer. The employer is responsible for the additions and deductions from the employees' wages. The nature amount is the exempt pay.
Hence, the significance of the wages aforementioned.
Learn more about on wages, here:
https://brainly.com/question/13847060
#SPJ4
Financial analysts like to use the standard deviation as a measure of risk for a stock. the greater the deviation in a stock price over time, the more risky it is to invest in the stock. however, the average prices of some stocks are considerably higher than the average price of others, allowing for the potential of a greater standard deviation of price. for example, a standard deviation of $5.00 on a $10.00 stock is considerably different from a $5.00 standard deviation on a $40.00 stock. in this situation, a coefficient of variation might provide insight into risk. suppose stock x costs an average of $32.00 per share and showed a standard deviation of $3.15 for the past 60 days. suppose stock y costs an average of $83.00 per share and showed a standard deviation of $5.60 for the past 60 days. use the coefficient of variation to determine the variability for each stock.
The coefficient of variation of stock x is 9.84
The coefficient of variation of stock y is 6.22
What is coefficient of variation?
The coefficient of variation is a term used in statistics to show the spread of data points. The coefficient of variation shows the relationship between data points in terms of the dispersion or spread of the data. This relationship is of good help to investors while making decisions,
How to determine the variability of each stockcoefficient of variation of stock x is gotten by
( standard deviation of x / average of x ) * 100 / 1
= 3.15 / 32 * 100 / 1
= 0.0984 * 100
= 9.84
coefficient of variation of stock y is gotten by
( standard deviation of y / average of y ) * 100 / 1
= 5.16 / 83 * 100 / 1
= 0.0622 * 100
= 6.22
The coefficient of stock x is more than the coefficient of stock y. Therefore stock x has more variability than stock y
Read more on coefficients of variation here: https://brainly.com/question/19616808
#SPJ1
Which type of writing would you most likely observe in an email between an employee and his or her supervisor?
A formal writing is the type of writing you would most likely observe in an email between an employee and his or her supervisor.
What is a formal writing?It refers to the type of writing that is is written for an audience you do not know on a personal level, that is, it is often the main style in academic writing and is more complex than informal writing.
The characteristics of a formal writing includes a more complex structure, an objective approach, use of full words rather than contractions and writing in the third person. Hence, as the relationship between an employee and supervisor is formal, then, the formal writing is the type of writing you would most likely observe in an email between an employee and his or her supervisor.
Therefore, the Option C is correct.
Missing option "Colloquial,Casual,Formal, Informal"
Read more about formal writing
brainly.com/question/12723104
#SPJ1
Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is:_____.
Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is inverse .
What is Free Market System ?
In a free market, government involvement is absent, and the economic system is solely supported by voluntary transaction and the principles of supply and demand. The lack of coerced (forced) transactions or constraints on transactions is a fundamental aspect of free markets.
Traits that define a free market system of government :-
Prices are determined by supply and demand.Rights to private property.Participation is free.Economic Prosperity.More options for consumers and higher-quality goods.Honest Competition Economic Inequality Can Result From Economic Prosperity.Excessive production or waste of goods.To learn more about free market condition :
brainly.com/question/743151
#SPJ4
A+cpa+may+redesign+a+client's+payroll+system+and+charge+a+fee+calculated+as+25%+of+the+next+four+years'+cost+savings,+which+is+called+a(n):________
A CPA may redesign a client's payroll system+ and charge a fee calculated as 25% of the next four years' cost savings, which is called a(n) contingent.
A Certified Public Accountant (CPA) is a person who has attained professional qualifications through a combination of education, experience and licensing. A chartered accountant is not the same as an accountant. Accountants are typically professionals with bachelor's degrees in accounting. A CPA, or Chartered Accountant, is a professional who has obtained her CPA license through a combination of education, experience, and testing.
Certified Public Accountant (CPA) course is the premier credential for accounting education. Career possibilities for CPA are endless as you can work for a company, practice accounting, or work for an individual. For candidate resumes, CPA is a respectable credential
Learn more about CPA here:-https://brainly.com/question/24538077
#SPJ4
