Diminishing marginal benefit means when one good is consumed continuously then marginal benefit derived from each successive unit keeps on decreasing. It means marginal benefit derived is less than the previous item.
The "law of Diminishing Marginal " states that for any good or carrier, the marginal utility of that good or service decreases as the quantity of the coolest will increase, ceteris paribus. In different words, total utility will increase more and more slowly as the amount consumed will increase.
Diminishing marginal software refers back to the phenomenon that every extra unit of benefit leads to an ever-smaller increase in subjective value. as an example, three bites of candy are better than bites, however the 20th chew does no longer add plenty to the revel in past the nineteenth (and will even make it worse).
The law of diminishing marginal application says that the marginal software from each additional unit declines as intake will increase.
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ruritania's economy has been enjoying positive but slowing growth. the ministry of economics is considering various policy measures. place each option in the appropriate column according to whether it will most likely lead ruritania on a business cycle path towards continued growth or into a recession. increasing taxes would lead to increasing government spending would lead to increasing the federal budget surplus would lead to decreasing taxes would lead to increasing the federal budget deficit would lead to decreasing government spending would lead to
Growth in the economy:
decreasing taxes
increasing government expenditure
increasing the federal budget deficit
All these will increase the growth of the economy because the demand in the market will increase and that will increase economic activity and business growth too.
Slowing down the economy:
Decreasing the government expenditure
increasing the taxes
increasing the federal budget surplus,
All this will decrease the demand and economic activity in the market.
A market is defined as the aggregate of all buyers and sellers in the region or regions under consideration. A region can be a globe, country, region, state, or city. The value, cost, and price of traded items are governed by the forces of supply and demand in the market.
Activities in the market economy are unplanned. It is determined by the demand and supply of goods and services rather than being organized by a central authority. The US, UK, and Japan are examples of market economies.
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most economists believe that classical theory describes the world in the short run but not in the long run. a. true b. false
Most economists believe that classical theory describes the world in the short run but not in the long run. - false
A principle is a rational form of summary considering a phenomenon, or the results of such questioning. The system of contemplative and rational thinking is regularly associated with such approaches as observational observe or research. Theories may be scientific, belong to a non-medical discipline, or no area at all. relying at the context, a idea's assertions may, for instance, include generalized explanations of the way nature works. The phrase has its roots in ancient Greek, however in modern use it has taken on numerous related meanings.
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Life insurance is when a person joins a risk-sharing group known as an insurance company and purchases a contract also called an insurance ___.
policy
Life insurance is when a person joins a risk-sharing group and purchases a contract also called an insurance policy
A contract between an insurance policyholder and an insurance company in which the insurer agrees to pay a quantity of money in exchange for a premium upon the demise of an insured person or after a specific amount of time is known as life insurance. When a person joins a risk-sharing organization called an insurance company and purchases a contract also known as an insurance policy, they are said to be purchasing life insurance.
In the event of a person's death, life insurance payouts may help replace their income. This indicates that the beneficiaries may employ the funds to assist in paying for necessities like a mortgage or their children's college tuition. It can also be used to settle debts like unpaid credit card balances or a revolving auto loan.
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maryland broker joseph tells his client that a property is zoned as residential, even though he knows it's zoned as commercial. this violation is an example of .
Maryland broker joseph tells his client that a property is zoned as residential, even though he knows it's zoned as commercial. this violation is an example of substantial and willful misrepresentation.
Misrepresentation is a ground for contract breach regardless of the amount of the transaction because it solely pertains to statements of fact and excludes expressions of opinion or prediction.
False assertions of fact that affect another party's choice regarding a contract and, in some situations, give rise to a claim for damages are known as misrepresentations.
Innocent, negligent, and fraudulent misrepresentations are the three types, and each has a unique set of punishments.
Misrepresentation in real estate is the term used to describe a falsehood or deliberate fabrication that affects the market value of a house or other piece of property. One frequent example of this is the inaccurate depiction of a property's square footage.
In the given situation, Maryland broker Joseph is willingly telling his client a wrong fact which is affecting the market value of the land, hence the violation done by Broker Joseph is substantial and willful misrepresentation.
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ariana is the type of manager who completely focuses on efficiency, and he assumes workers are rational. ariana is probably applying the ________ viewpoint.
Ariana is the type of manager who completely focuses on efficiency, and he assumes workers are rational. Ariana is probably applying the classical viewpoint.
Efficiency is the capacity to accomplish goals or obtain desired results without squandering time, money, resources, energy, or effort. It is the ability to complete activities successfully and efficiently in a more general sense. In more mathematical or scientific terms, it refers to the level of performance that uses the fewest inputs to provide the greatest quantity of output. It frequently particularly refers to the ability of a particular application of effort to deliver a particular output with the least amount of waste, expense, or superfluous work. Efficiency covers a wide range of inputs and outputs across numerous disciplines and sectors.
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developing a mitigation plan for possible disruption scenarios is part of which continuity planning step?
The Evaluate Continuity Planning step includes creating a corrective action report that evaluates effective mitigation actions.
A mitigation action is a specific action, project, activity, or process undertaken to reduce or eliminate the long-term risk to people and property posed by hazards and their consequences. Implementing mitigation measures contributes to the plan's mission and goals.
Risk mitigation is the practice of minimising the impact of potential risks by devising a strategy to manage, eliminate, or limit setbacks to the greatest extent possible.Management will monitor progress and determine whether any actions, if any, need to be modified following the creation and implementation of the plan.
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Upscale retailers, such as Nordstrom, feature customer service as theirsignificant point of difference and use that difference to compete with lessexpensive stores. This is known as ___________ competition.a) target forcingb) upscalec) point-of-differenced) nonprice
This is known as nonprice competition. The correct answer is option (d).
What is non-price competition?In non-price competition, a company strives to differentiate its product or service from competing items on the basis of features like design and workmanship," according to a marketing strategy. Because it occurs between two or more producers who sell goods & services at the same prices but strive to expand their respective market shares by non-price factors like marketing strategies and higher quality, it frequently happens in imperfectly competitive markets.
Companies that rely on non-price competitiveness use promotional expenditures including marketing campaigns, brand management charges, advertising, sales staff, promote sales, free gifts, and complimentary delivery services instead of engaging in price wars with their rivals.
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Assume Durango Co. has sales of $100,000 for the month of November. The company expects sales to grow 10% each month. Durango Co. collects 60% of sales in the month of sale and 40% in the month after sale. What should Durango Co. project for cash collections in December?
$106,000--December sales = $110,000 (November sales of $100,000 X 1.1) Cash Collections for December:
November sales $100,000 X 0.4 = $40,000 December sales = $110,000 X 0.6 = $66,000
Total Collections = $40,000 + $66,000= $106,000
How do sales work?Sales are activities involved in selling or the quantity of products that are sold within a specified time frame. It is also seen as a sale when a service is provided for a fee. As a result of an acquisition, appropriation, requisition, or direct contact with the customer at the point of sale, the seller or provider of the goods or services completes a transaction. The transfer of title (property or ownership) of the object occurs, and the price is settled once a price has been agreed upon for which the transfer of ownership will take place. The sale is often executed by the seller rather than the buyer, and it is sometimes done before the buyer needs to make a payment.
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sandy and jim are trying to decide on whether to buy cash-value life insurance. one factor that makes them weary of cash-value life insurance is
These policies are relatively expensive, Cash value life insurance is a type of permanent life insurance that includes a cash value savings component and lasts for the entirety of the policy holder's life.
Is cash value life insurance a wise financial decision?Financial advisors do not advise investing in cash-value life insurance unless you have prepared for emergencies and other urgent needs, have maxed out contributions to tax-advantaged retirement accounts, such as IRAs and 401(k)s, and are willing to commit to a policy for the long term.
What happens if you withdraw life insurance's cash value?The policy will be canceled if all funds are withdrawn. While taking money out of the policy may make sense in some situations, it may reduce the benefit that is provided to your dependents after you pass away. Also possible is a surprise tax charge.
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jounralize and post closing entries and complete the closing process list all debit entries before credit entries credit account titles are authomatically indented when the amount is entered
Preparing closing entries, which involves journalizing and uploading the entries to the ledger, is the eighth phase in the accounting cycle. During closure, there are four entries. To the Income Summary account, the initial entry cancels revenue accounts.
What order should the steps for closing an account be taken in?Following is the basic order of closing entries: Clear the balances in the revenue accounts by debiting each revenue account and crediting the income summary account. To eliminate the balances in all expenditure accounts, credit all expense, accounts and debit the revenue summary account.
A journal entry debiting all revenue accounts and crediting the income summary is used to accomplish this. The same procedure is then used to calculate expenditures. Crediting the expense accounts and debiting the income summaries closes out all expenditures.
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as country incomes rises, what would you generally expect to happen to the burden of noncommunicable diseases as a share of the total disease burden?
As the country incomes rises, we would want to expect that the burden of noncommunicable diseases as a share of the total disease burden should go down.
What is a Noncommunicable diseases?A noncommunicable diseases means the group of conditions that are not mainly caused by an acute infection which often result in long-term health consequences and often create a need for long-term treatment and care. This type of diseases includes heart disease, stroke, cancer, diabetes and chronic lung disease which are collectively responsible for 74% of all deaths worldwide.
When a country incomes rises, the quality of life and standard of living should increases, hence, the burden of noncommunicable diseases is expected to go down.
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kay, an art collector, promised hammer, an art student, that if hammer could obtain certain rare artifacts within 2 weeks, kay would pay for hammer’s postgraduate education. at considerable effort and expense, hammer obtained the specified artifacts within the 2-week period. when hammer requested payment, kay refused. kay claimed that there was no consideration for the promise. hammer would prevail against kay based on
Hammer will prevail on unilateral contract which explicitly states that payment will only be provided in exchange for performance on the promise by one side.
What are the attributes of a unilateral contract?One side, known as the offeror, makes an offer in a unilateral contract. It could be a deal made to everyone or just one individual. This kind of agreement isn't based on a promise; rather, it calls on the offeree—someone who has consented to act in accordance with the agreement—to carry out an action that the offeror demands.
What distinguishes bilateral agreements from unilateral agreements, and what are some examples of each?Bilateral and unilateral agreements are both justiciable in court. A unilateral agreement, for instance, becomes enforceable once the promisor's demand for the conduct is undertaken. A bilateral contract is binding on both parties from the start and is immediately enforceable.
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able plastics, an injection-molding firm, has negotiated a contract with a national chain of department stores. plastic pencil boxes are to be produced for a 2-year period. if the firm invests $62,000 for special removal equipment to unload the completed pencil boxes from the molding machine, one machine operator can be eliminated saving $32,000 per year. the removal equipment has no salvage value and is not expected to be used after the 2-year production contract is completed. the equipment would be serviceable for about 15 years. what is the payback period? should able plastics buy the removal equipment?
For a period of two years, plastic pencil cases are to be produced. If the business spends $62,000 on specialized removal tools to unload.
What material do pencil cases contain?To be created is an image for plastic pencil boxes.
The most typical pencil casing is thin wood, which is permanently bonded to the core and has a section that is often hexagonal but can occasionally be cylindrical or triangular.
Where was the pencil case made?Verona Pearl Amoth , an American stationery expert , first invented the mass-produced, modern pencil case in 1946. But Lothar von Faber, a well-known German pencil maker, is credited with creating the first pencil case in the 1880s.
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Exempting things such as groceries and clothing from sales tax is an attempt by states to make sale tax less ______.
Exempting things such as groceries and clothing from sales tax is an attempt by states to make sale tax less regressive.
Regression (psychology), is a protecting response to some unaccepted impulses. Nodal regression, is the motion of the nodes of an object in orbit, within the contrary route to the motion of the object.
The act of going back to a previous region or kingdom; return or reversion. retrogradation; retrogression. Biology. reversion to an earlier or less superior nation or form or to a common or standard type.
"Regression" comes from "regress" which in flip comes from the Latin "regresses" - to go back (to something). In that sense, regression is the method that allows "to head back" from messy, hard-to-interpret records, to a clearer and extra meaningful model.
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during bruce company’s first year of operations, the company purchased $3,400 of supplies. at year-end, a physical count of the supplies on hand revealed that $1,375 of unused supplies were available for future use. how will the related adjusting entry affect the company’s financial statements?
Adjusting entry affect the company’s financial statements is ( $3400 - $ 1375 = $2025) .so answer of given question is $2025.
How Do Financial Statements Work?Financial statements are written records that outline a company's operations as well as its financial success. Government organizations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment. The balance sheet, income statement, cash flow statement, and statement of changes in equity are the four basic financial statements used by for-profit organizations. Nonprofit organizations employ a comparable but distinct set of financial statements.
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your client is concerned about the high costs of ongoing mortality and expense involved in some variable annuity contracts, to help minimize the mortality and expense charges, you recommend a -shares, b-shares, c-shares, l-shares
This rule's objective is to safeguard consumers and promote financial stability by setting rules for the disclosure of specific minimum information concerning annuity contracts.
What do the terms mortality and expenditure charge and annuity mean?Investors in annuities and other insurance company-offered products are subject to a cost known as a mortality and expense risk charge. It pays the insurer any damages it could incur as a result of unforeseen circumstances.
What bears the expense of the death benefit of a variable annuity?Each variable annuity includes a Mortality and Expense fee (M&E) that is used to pay for the death benefit. 1.25% of the account value is the standard M&E fee. According to the insurance provider and the product, the fee may, of course, be more or lower.
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while contracting with celebrities to endorse the company’s brand adds to the competitive power of its product offering vis-a-vis the offerings of rivals, one of the big risks in trying to outbid rivals to win celebrity endorsements is:
While contracting with celebrities to endorse the company’s brand adds to the competitive power of its product offering vis-a-vis the offerings of rivals, one of the big risks in trying to outbid rivals to win celebrity endorsements is: that it is hard to come up with a reliable estimate of the size of the sales volume/revenue/ profit payoff associated with signing a celebrity and thus avoid bidding more than the celebrity’s endorsement is worth”.
What is meant by celebrity endorsements?A celebrity's fame and reputation are used to promote a brand or product through celebrity endorsement, sometimes referred to as celebrity branding or celebrity advertising. Nonprofit groups that exploit a celebrity's fame to promote a cause or collect money for it are examples of other use cases.
H.E.R. promoting L'Oreal Paris' hair and makeup products through commercials and other marketing materials is an example of a celebrity endorsement.
While hiring celebrities to promote a company's brand increases its product's competitiveness against that of competitors, one of the major hazards of trying to outbid competitors for celebrity endorsements is that it is difficult to develop a solid assessment
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which characteristic of the fraud triangle often stems from a lack of internal controls within an organization?
Answer: The answer is Opportunity
Explanation: Hope this was helpful
which of these is a measure summarizing the overall past performance of an investment? select one: a. dollar return b. percentage return c. average return d. market return
The measure that best summarize the overall past performance of an investment is an average return. The Option C is correct.
What is an average return?In finance, an average return refers to the mathematical average of a series of returns generated over a specified period of time. It is calculated the same way that a simple average is calculated for any set of numbers but the numbers are added together into a single sum, then the sum is divided by the count of the numbers in the set.
In essence, the average return tells an investor about the returns for a stock or security have been in the past or what the returns of a portfolio of companies are.
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Stock in Cheezy-Poofs Manufacturing is currently priced at $65 per share. A call option with a $65 strike and 90 days to maturity is quoted at $3.25. Compare the percentage gains and losses from a $21,125 investment in the stock versus the option in 90 days for stock prices of $55, $65, and $75. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Leave no cells blank - be certain to enter "0" and select "None" wherever required. Input all amounts as positive values. Omit the "%" sign in your response.)
Options % Gain/Loss Stock % Gain/Loss
$55 $65 $75
The percentage gains and losses from a $21,125 investment in the stock versus the option in 90 days for stock prices of $55, $65, and $75
If you buy stock, your investment's % return is only the stock's percentage change between now and 90 days from now.
Return on investment equals (60 - 65) / 65, = -7.69% when the price is 60 in 90 days. ROI equals (65 - 65) / 65, = 0% when the price is 65 in 90 days.
If you decide to buy a call option in this scenario, your investment profit would be equal to the option's payoff less its 3.25 purchase price.
Price reaches 60 in 90 days, the option is not exercised, and the net profit is equal to 0 - 3.25, or -3.25. ROI is equal to -3.25 / 3.25, which is 100%. The price drops to 65 in 90 days, the option is not exercised, and the result is a net loss of -3.25 percent. ROI is equal to -3.25 / 3.25, which is 100%.
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based on this information alone, what are the amounts of total liabilities that would appear on riley's december 31 balance sheets for year 1 and year 2, respectively?
B) $37,890 and $0.are the amounts of total liabilities that would appear on riley's december 31 balance sheets for year 1 and year 2, respectively.
What do you mean by liabilities?Liability typically denotes your responsibility for something, but it can also imply that you owe someone money or services. A homeowner's tax obligation, for instance, may be the amount of property taxes due to the city or the amount of income tax due to the federal government. Equity reflects the ownership position that shareholders have in a firm, whereas liabilities are the debts or obligations that a corporation owes to other parties. This is the main distinction between equity and liabilities. Liabilities are subtracted from assets to calculate equity.
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The power supply unit converts power from a low DC current to a higher AC current.
A. True
B. False
Answer: False
Explanation:
Explanation:
false. power supply supplies power but does not convert current.
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Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data: Process Type Annualized Fixed Cost of Plant and Equip. Variable Costs Labor Material Energy Mass Customization $1,260,000 30 18 12 Intermittent $1,000,000 24 26 20 Repetitive $1,625,000 28 15 12 Continuous $1,960,000 25 15 10 Metters Cabinets projects an annual demand of 24,000 units for the Maxistand. The maxistand will sell for $120 per unit. a)Which process type will maximize the annual profit from producing the Maxistand? b)What is the value of this annual profit?
The amount of money made from the end of the period is called net profit.It is calculated by dividing the total amount spent on costs by the total amount sold.The variable and fixed costs of a product or period of time make up the total costs.
Mass customization costs $60, plus $18 and $12.
How does net profit work?The amount your business makes after deducting all operating, interest, and tax costs over a given time period is called net profit.You will need to know a company's gross profit in order to arrive at this value.
How is net profit calculated?
Gross profit minus operating costs and taxes is net profit.It can also be thought of as total income less all costs.
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true or false: when a company enters a market on a large scale, it would be common for potential competitors to decide against entering that market.
The assertion is accurate.
What is the phrase used when a business enters a market before its rivals?A first mover is a service or product that, by being the first to market with a product or service, acquires a competitive advantage. Being the first usually allows a business to build significant brand awareness and customer loyalty before rivals enter the market.
What is the process of a business entering a new market called?When a business enters a market where competing or similar products already exist, this is known as market penetration. Getting the clients of your rivals is one approach to do this (part of their market share).
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what skills, qualities, and qualifications should applicants highlight in their résumés for the technical trainer position? check all that apply. accounting and bookkeeping experience curriculum design experience technology and software training experience master’s degree in instructional design public relations and marketing expertise
The skills, qualities and qualifications that an applicants must highlight in their résumés for the technical trainer position includes:
B. experience curriculum designC. experience technology and softwareD. training experienceE. master’s degree in instructional designF. public relations and marketing expertiseWhat is the role of technical trainer?Most time, the role of a technical trainers is to develop curriculums that are designed to promote computer literacy within companies. A technical trainers will often devise such programs based on the existing skill sets and duties of employees.
Some of the responsibility of a technical trainer in a firm includes:
Identifying role of computers in employees' day-to-day work.Formulating skills alignment tests to establish a baseline for each employee.Detecting of common skills shortages and creating training plan to address these.Preparing of requisite manuals and handouts ahead of training sessions.Conducting training to promote employees' computer skills.Recording attendance at and engagement in classes.Conducting assessments to confirm whether employees' computer skills have improved.Read more about technical trainer
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knowledge check in 1994 mexican peso decliend against us dollar during so called tequila crisis what exacerbating facot did the mexico
During the infamous "Tequila Crisis" of 1994, the Mexican peso lost value in comparison to the American dollar. What had the 2002 Argentine crisis in common with Mexico's "Tequila Crisis" as an aggravating factor? Both nations owed significant amounts of money in dollars.
What does the quizlet for the Big Mac index show?Currencies might be regarded too highly or too lowly. It substitutes the cost of a large mac in the United States with the cost of a big mac elsewhere in the world.
What three outcomes did the Mexican Revolution have?The Mexican Revolution led to the adoption of the 1917 Constitution, which established the separation of church and state, government ownership of the subsurface, communal organizations' ownership of land, and the right of workers to organize.
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A company sold a delivery truck for $3200 that had originally cost $40000, and had a book value of $4000. Which of the following is the correct reporting of the respective amounts? a. $3200 as an investing cash flow on the statement of cash flows, and $800 as a loss on the income statement b. $4000 as an investing cash flow on the statement of cash flows, and $3200 as a gain on the income statement c. $800 as an investing cash flow on the statement of cash flows, and $3200 as a gain on the income statement d. $3200 as an operating cash flow on the statement of cash flows, and $40000 as a loss on the income statement
As a loss on the income statement $800
The given company sold a delivery truck for $3200 having an original cost of $40,000 and a book value of $4000
Book value of the truck
$4,000
(-) Sale proceeds
$3,200
Loss on sale of truck
$800
The purchase or sale of a fixed asset like property, plant, or equipment would be an investing activity.
In the given case, the sale of a delivery truck is an investing activity and is recorded in investing cash flow of the cash flow statement and loss is recognized in the income statement
Hence, $3200 as an Investing cash flow on the statement of cash flows and $800 as a loss on the income statement
$3200 as an Investing cash flow on the statement of cash flows and $800 as a loss on the income statement.
An income statement shows the income, expenses, and profitability of a company for a specified period. It is also sometimes referred to as the income statement (P&L) statement or income statement. Income from the sale of products or services. Expenditure to generate revenue and manage the business.
An income statement is a financial statement that shows a company's income and expenses. It also shows whether a company is making a profit or losing money over a period of time. The income statement, along with the balance sheet and cash flow statement, help you understand the financial position of your business.
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which of the following is not an example of an automatic stabilizer? a. the increase in unemployment insurance payments during a recession b. the increase in welfare payments during a recession c. the reduction in income tax revenues during a recession d. the passage of a stimulus package to respond to a recession e. all of these are automatic stabilizers.
The option that is not an example of an automatic stabilizer is a. the increase in unemployment insurance payments during a recession
What is meant by automatic stabilizer?Automatic stabilizers can be described as the mechanisms that is been built into government budgets, without any vote from legislators, that increase spending or decrease taxes when the economy slows.
It should be noted that the economic stabilizer, which can be practiced by institutions and practices in an economy and it serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available .
In conclusion, the automatic stabilizers can be perceived as the features of the structure of modern government budgets which can be felt in the area of the income taxes and welfare spending.
Therefiore, option A is correct.
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Which two channels are examples of physical sales channels?
a)Auction marketplaces
b)General marketplaces
c)Wholesalers
d) Retail stores
Answer: retail stores and general marketplaces
Explanation:
Answer:
retail stores
Explanation:
which type or types of inventory timing system requires the user to record two journal entries every time a sale is made.
According to the claim, a perpetual inventory timing system necessitates that the user enter two journal entries for each transaction.
What are commercial sales?Business Sales refers to the in-home sale of Company Products by the Company or its Affiliates. Business Sales refers to sales made while conducting business, and (ii) GAAP must be followed when determining whether a corporate sale has already been completed before or after the closing.
What is a job in sales?Presenting and marketing products and services prospective potential consumers is a part of the sales profession. You are frequently responsible for generating leads and hitting sales goals when working in sales.
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