The inventory methods apply to both perpetual and periodic inventory systems. Specific identification, weighted average cost, LIFO and FIFO are generally accepted costing methods. The inventory costing methods determine the amount of the debit to Cost of Goods Sold and credit to inventory are true.
The stock strategies practice to each perpetual and periodic stock systems. The stock costing strategies decide the quantity of the debit to Cost of Goods Sold and credit score to Inventory. Specific identification, weighted common fee, LIFO and FIFO are commonly familiar costing strategies.
Overstating the finishing stock will have an effect on a business's earnings statement. The overstated finishing stock will lessen the fee of the products offered withinside the equal amount, which decreases the cost related to the earnings statement.
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the tax system is used to reduce income inequality through the use of taxes. regressive proportional efficiency offset progressive
The regressive proportional efficiency tax system is used to reduce income inequality through the use of taxes.
In contrast to proportional taxes, regressive and progressive taxes have differing effects on high- and low-income earners. Regressive taxes, such as property taxes, progressive taxes, like the federal income tax in the United States, and proportional taxes, like occupational taxes, are all examples of taxes. Lower-income people are more negatively impacted by regressive taxation than wealthier people. Low-, middle-, and high-income earners are impacted by the proportional tax, commonly known as a flat tax. No matter what their income is, they all pay the same tax rate.
Higher-income earners are more financially impacted by a progressive tax than low-income earners because both the tax rate and the tax burden rise as a taxpayer's income does. In the United States, progressive taxes include those on investment income and estates.
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scite industries purchased a corner lot in five years ago at a cost of $640 thousand. the lot was recently appraised at $806 thousand. at the time of the purchase, the company spent $56 thousand to grade the lot and another $10 thousand to build a small building on the lot to house a parking lot attendant who has overseen the use of the lot for daily commuter parking. the company now wants to build a new retail store on the site. the building cost is estimated at $1.31 million. what amount should be used as the initial cash flow for this building project?
1,820,000 is the amount that should be used as the initial cash flow for this building project.
Initial cash flow = building cost + opportunity cost of land = 1,150,000 + 670000 = 1,820,000.
A cash flow is a real or imagined flow of money. Typically, payments that are projected to occur in the future, are thus unknown, and as a result, calls for cash flow forecasting are referred to as "cash flows." A "cash flow" is, in the strictest meaning, a payment made in money, typically from one central bank account to another.
Cash flow from operations includes expenses incurred as part of routine business operations. Rent, utilities, payroll, and the cost of goods sold are a few examples of these cash outflows. Cash outflows can vary significantly when a business relies heavily on the seasonal cycle.
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what are ""off balance sheet"" transactions? what is ""mark to market accounting"" why are these significant in the context of enron?
Enron Scandal
The corporation was able to create the appearance of higher current earnings by writing unrealized future gains from some trading contracts into current income statements using mark-to-market accounting.
What Enron accounting controversy occurred?The Enron Scandal involves Enron misleading the regulators by using phony holdings and off-the-books accounting techniques. In order to conceal its toxic assets and enormous debts from investors and creditors, the corporation used special purpose companies.
How did the Enron scandal affect corporate governance?Other additional compliance procedures were brought forth by the Enron scandal. The Financial Accounting Standards Board (FASB) also significantly increased its standards for moral behavior. Additionally, corporate boards of directors developed greater independence, keeping an eye on the audit firms and swiftly removing subpar managers.
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trinity needs to write up a report on native wildlife in her texan town for her work at a real estate company. what is her best first step?
As part of her job at a real estate company, Trinity is required to write a report on the local wildlife in her Texas town. what should she do first? She needs to learn who she is.
How should a formal report be reviewed and revised?Some reports would need additional legal examination, as was noted at the beginning of this section. The best approach to guarantee a professional paper is to have a group of people read it independently while noting modifications, errors, and queries along the way.
Which recommendations for preparing a progress report should you heed?What suggestions are there for preparing a progress report? Describe the work that is currently being done, including the people, things, processes, and places. Give the anticipated completion date of the project at the start of the report. Describe the issues at hand, but stay away from talking about potential issues.
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martin enterprises needs someone to supply it with 125,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you've decided to bid on the contract.it will cost you $910,000 to install the equipment necessary to start production; you'll depreciate this cost straight-line to zero over the project's life. you estimate that, in five years, this equipment can be salvaged for $85,000. your fixed production costs will be $485,000 per year, and your variable production costs should be $17.35 per carton. you also need an initial investment in net working capital of$90,000. if your tax rate is 21 percent and you require a return of 12 percent on your investment, what bid price should you submit?
For given project of 125000 cartoons, the minimum bid price to be offered by Martin where the net present value (NPV) would be zero is $23.40 per cartoon.
What do you understand by Bid Price?A bid price is the amount that someone is willing to pay for a security, asset, commodity, service, or contract, project among other things. In a lot of markets and places, it is referred to as a "bid."
Under capital budgeting, Bid price is a break even price where the present value of all cash inflows will be equal to present value of outflow. Thus the NPV will be zero.
Compute the Bid price by the use of present value annuity factor i.e. discounting rate 12% (assume after tax):
Present Value of Outflows = Present Value of Inflows.
Where NPV = 0.
For better understanding refer the tabular presentation in the attachment. where Bid price put at $23.40
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which legally required form divulges information about financial advisors? a. form dav b. form avd c. form adv d. form dva please select the best answer from the choices provided
The standard form used by investment advisers to register with the SEC and state securities regulators is called Form ADV.
Who needs to submit a Form ADV?
Both exempt reporting advisers and advisers who must register with the SEC must submit Form ADV. The data provided on this form is kept by the SEC and made available to the general public. Forms with missing information may be returned by the SEC.
What does the accounting abbreviation ADV mean?Deductions for business income can take many different forms. A stated dollar deductible only has to be considered once. A Waiting Period deductible calls for dexterity. To correctly implement an Average Daily Value (ADV) deduction, it is necessary to be aware of its elements and considerations.
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f public utilities are a natural monopoly, what would be the danger in splitting them into a number of separate competing firms?
Separating them has the risk of forcing businesses to shoulder the expenditures, as well as having an influence on roadways.
This is a kind of monopoly that arises from the unique situation that only one company can effectively serve a given region due to high initial costs. An organization with a natural monopoly may be the only supplier or only product or service in an industry.
Utilities are an example of a natural monopoly because these monopolies enabled a single company to offer a product or service at a lower cost than potential competitors. Utilities are often referred to as part of a type of competitive system known as a natural monopoly. A utility is an organization that maintains the infrastructure of a public service. Utilities are subject to public control and regulation, from local community-based groups to statewide government monopolies.
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question 1 suppose that as a project manager, you assign tasks to the team members who can best complete them. what project management value does this represent?
The team members who can best complete It stands for the project manager's value of Prioritization in project management. Project operation is the process of organising a platoon's efforts to complete.
All design objectives within the available restrictions. The design attestation, which is prepared the beginning of the development process, typically contains a description of this information. Time, money, and a compass are the main restrictions. Optimizing the distribution of necessary inputs and using them on meet-defined objects is the secondary problem.The goal of design operation is to provide a comprehensive design that satisfies the goals of the client. In many instances, the optimal design operation also involves reshaping or reformulating the client's brief to more effectively fulfil the client's objectives. Once the customer's items are set up without difficulty.
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which of the following groups gain from international trade? i. producers of exported goods ii. domestic consumers of imported goods iii. workers in exporting firms
Producers of exporting items are one group that benefits from international commerce.
What advantages are there in global trade?Through trade, countries can expand their markets and obtain goods and services that might not otherwise be available locally. Due to increased worldwide trade, market competition has intensified. In the end, this results in more aggressive pricing, which drives down the price of the finished good for the consumer.
Who benefits from international trade?Thanks to international trade, consumers and countries can purchase goods and services that are either unavailable or more expensive to produce outside of their own boundaries. Just visit your local electronics or grocery store to observe the results of global trade.
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write a program that calculates the balance of a savings account at the end of a period of time. it
A program that calculates the balance of a savings account at the end of a period of time can be given as follows:
#include <iostream>
#include <fstream>
using namespace std;
int main() {
// Definitions
double annualInterest; // The annual interest rate
double balance; // The account balance
int months; // Total number of months
double totalDeposit = 0.0; // Total deposited value
double totalWithdraw = 0.0; // Total withdrawn value
double earnedInterest= 0.0; // The earned amount
double deposited; // Monthly deposited value
double withdrawn; // Monthly withdrawn value
// Get the initial required data.
cout<<"Please enter the annual interest rate,\n";
cout<<" Interest rate: ";
cin >>annualInterest;
cout<<"--------------------------------------------\n";
cout<<"Please enter the starting balance,\n";
do{
cout<<"[the number could not be negative]\n";
cout<<"Starting Balance: ";
cin >>balance;
}while(balance<0);
cout<<"--------------------------------------------\n";
cout<<"Please enter the number of months,\n";
do{
cout<<"[the number could not be less than 0]\n";
cout<<"Number of months: ";
cin >>months;
}while(months<0);
// Iterated Loop to get all the months data.
for(int month=1; month <= months; month++){
// Get the deposited value during that month.
cout<<"Enter the deposited value during month "
<<month<<",\n";
do{
cout<<"[the value could not be less than 0]\n";
cout<<" Deposited value: ";
cin >>deposited;
}while(deposited<0);
totalDeposit += deposited;
balance += deposited;
// Get the withdrawn value during that month.
cout<<"Enter the withdrawn value during month "
<<month<<",\n";
do{
cout<<"[the value could not be less than 0]\n";
cout<<" Withdrawn value: ";
cin >>withdrawn;
}while(withdrawn<0);
totalWithdraw += withdrawn;
balance -= withdrawn;
// Negative balance close the program.
if(balance < 0){
cout<<"Sorry, the account has been closed due to\n";
cout<<"the negative balance.\n";
break;
// Calculate value due to the interest rate.
}
else {
earnedInterest += (annualInterest/12) * balance;
// monthly interest rate
balance += (annualInterest/12) * balance;
}
}
// Display the statistics,
ofstream file;
file.open ("Report written to Report.txt");
file << "Report written to Report.txt\n";
file.close();
cout<<"The ending balance: "<<balance<<std::endl;
cout<<" Total deposited: "<< totalDeposit<<std::endl;
cout<<" Total withdrawals: "<< totalWithdraw<<std::endl;
cout<<" Earned interest: "<< earnedInterest<<std::endl;
cout<<"============================================\n";
return 0;
}
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Suppose that the required reserve ratio is 20%. If Saanvi deposits $4,000 in cash in her checking account, and her bank lends $1,000 to Freda, the money supply initially:
decreases by $4,000.
remains the same.
increases by $1,000.
increases by $4,100.
The money supply initially Since Saanvl deposits the $4,000, the starting amount of money available is unchanged.The funds were simply changed from cash to cash deposits at the bank once Saanvl placed them. The correct is increase by $4,100.
There is initially no change in the money supply because both of these items are regarded as components of it.In macroeconomics, the term "money supply" refers to the total amount of currency that the general public is holding at any given time. There are several ways to describe "money," but the most popular ones are demand deposits and legal tender in circulation.The total amount of money (cash, coins, and bank account balances) in circulation is known as the "money supply." A collection of secure assets that people and companies can use to make payments or hold as short-term investments is commonly understood as the money supply.Considering that a 20% reserve ratio is needed. Money supply is calculated as follows if Saanvi transfers $4,000 in cash into her checking account and her bank lends Freda $1,000: = $4000 + (20% x $1000) = $4000 + $100 - $4100.
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what is the purpose of fha? to loan money for first mortgages to loan money for second mortgages to act as an insurance company of first mortgages to loan money in areas of high risk
The purpose of FHA is to act as an insurance company of first mortgages.
A house mortgage that is guaranteed by the government and provided by a bank or other lender that has been approved by the Federal Housing Administration (FHA) is known as an FHA loan. FHA loans allow applicants with lower credit ratings than is often necessary and offer smaller minimum down payments than many commercial loans.
The FHA loan is intended to assist families with low to moderate incomes in becoming homeowners. They are especially well-liked by first-time homebuyers. Its main goals were to raise housing standards and conditions, offer a system for mutual mortgage insurance, and lessen the number of family homes that went into default.
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Manufacturing Cycle Efficiency (MCE) is computed as: Throughput Time Delivery Cycle Time. Process Time Delivery Cycle Time. Value-Added Time Throughput Time. Value-Added Time Delivery-Cycle Time.
Manufacturing Cycle Efficiency (MCE) is computed as: Value-Added Time Throughput Time.
The amount of production time spent on activities that provide value is measured by manufacturing cycle efficiency. With the use of this knowledge, a company may eliminate non-value-added tasks and cut the time it takes to produce a good, lowering expenses.
Subtract the value-added production time from the total cycle time to determine cycle efficiency. As a point of reference, Total Cycle Time is the total of all processes involved in producing a unit from beginning to end.
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question content area top part 1 it costs c dollars each to manufacture and distribute backpacks. if the backpacks sell at x dollars each, the number sold is given by , where a and b are positive constants. what selling price will bring a maximum profit?
Direct financial reward
The normal salary is raised from its current level to a percentage level that is similar to inflation level when it is adjusted for inflation in order to keep up with market inflation.This can be determined clearly by looking at the actual payments made to the employees, which must include their direct cash compensation. This is due to the fact that in order to determine how much a worker may buy during inflation, one must first determine the value of the currency in his possession, which is essentially the utility.
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Large firms may create a secure website known as a ____________ to link to suppliers and key business partners.
To connect with suppliers and important business partners, large companies could establish a private industrial network, a secure website.
How is a privately held exchange?Private exchanges are run and owned by a single business. The owner only transacts on the exchange with dependable suppliers and clients to exchange data. Buyers may consolidate and control purchasing through preferred suppliers thanks to those exchanges.
Who is in charge of the Internet's network?The Internet is not controlled by a single person, business, institution, or authority. It is a widely dispersed network made up of numerous voluntarily linked autonomous networks. It runs without a central governing body, with each constituent network establishing and enforcing its own rules.
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1. identify the relevance of the data given in the exercise to the decision about what to do with the obsolete parts.
The relevance of the data given in the exercise to the decision about what to do with the obsolete parts:
The importance of Decision lies in the way it allows you in choosing from various options. earlier than you make a decision, there is a need to gather all available information and weigh its professionals and cons. its miles vital to focus on steps that can help in taking the right selections.
1A) Decision regarding the relevance or irrelevance of data
Decision
Current sales value for unmodified parts Relevant
Sales value for modified parts Relevant
Modification costs Relevant
Current book value of inventory Irrelevant
1B) Calculate the benefit under each alternative for disposing of obsolete parts.
Benefit if parts are sold without modification $7,100
Net benefit if parts are sold after being modified = $21300-$9900 $11,400
1C) How should the obsolete parts be disposed of?
How should the obsolete parts be disposed of?
It should be sold after modification
Parts should be sold after modification as it will generate extra benefits without modification net benefit is $7100 and after modification net benefit is $11400.
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under which of the following circumstances should a company accrue for the loss related to an unsettled lawsuit?
Obligations relating to product warranties are instances for the loss related to an unsettled lawsuit associated with an unresolved case.
What are two loss contingencies that are virtually always accrued ?The manufacturer's warranties on the products and cash refunds are two loss contingencies that are virtually always accrued. Warranties entail expenses, and based on prior experience, precise and reasonable estimations of the overall liability for a time are typically feasible.
What distinguishes a loss contingency?When a loss is susceptible to a fair calculation and its likelihood is plausible, a loss contingency is recognized. Remote contingencies can be completely excluded from financial statements, while reasonably likely losses are simply mentioned in the notes.
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which department in a company would be primarily responsible for developing the ideas and strategies behind a csr program?
The ideas and strategies behind a csr program Stakeholders are any people or organisations that are affected by a project, initiative, policy, or organisation, whether favourably or adversely.
They may be internal (people inside your business) or external (persons outside your organisation). Users, Providers, Influencers, and Governance, or Pig, is an acronym that makes it simple to remember these four categories of stakeholders.The main responsibility of a stakeholder is to bring their knowledge and perspective to a project in order to aid the business in achieving its strategic goals. The success of a project depends on their support. Stakeholders are any persons or organisations who have an interest in the company's success. Since an organization's authenticity is determined by how well it meets the requirements of its stakeholders.
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adr adr drop zone empty. cross-rate cross-rate drop zone empty. eurobond eurobond drop zone empty. eurocurrency eurocurrency drop zone empty. the implicit exchange rate between two currencies quoted in a third currency money deposited in a financial center outside of the country with the involved currency a bond issued in multiple countries but denominated in a single currency a security issued in the us that represents shares of a foreign stock need help? review these concept resources.
ADR drop region empty cross-rate move-fee drop quarter empty. eurobond Eurobond drop sector empty.the united states dollar.
The cross rate needs to same as the ratio of the 2 corresponding pairs, consequently, EUR/GBP = EUR/USD divided with the aid of GBP/USD, much like GBP/CHF = GBP/USD x USD/CHF. The fundamental system usually works like this: A/B ÷ C/B = A/C.
A cross-rate is a forex market quote between currencies (not regarding the U.S. dollar) that are then each valued in opposition to a 3rd foreign money. If used as a base currency, the U.S. dollar is constantly visible to expect the value of one.
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which document do property managers and the owners they represent sign to formalize the relationship?
A legally binding contract between a landlord and a property management firm is known as a property management agreement. Usually, the landlord has one or more properties that they would like managed by professionals.
What is normally included by a property management agreement?Rent collection, bill payment, evictions, tenant screening, advertising unoccupied units, continuous building exterior and landscaping care, and creating tenancy or lease agreements are typically included in full-service property management. The goal of a property management agreement is to establish a legally binding instrument that spells out the landlord's and property management company's rights and obligations.
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Which of the following is an assumption underlying an upward-sloping short-run aggregate supply curve?
answer choices
O The economy is experiencing high inflation.
O The economy is at full employment.
O National income is fixed.
O Wages are sticky.
O The velocity of money is constant.
Wages are sticky is an assumption underlying an upward-sloping short-run aggregate supply curve. Hence, option D is the correct answer.
A bigger amount of real GDP is created at every price level if the aggregate supply curve, also known as the short-run aggregate supply or SRAS, shifts to the right. Lower real GDP is created at every price level if the aggregate supply curve shifts to the left.
Because the quantity supplied rises when the price rises, the aggregate supply curve in the short run has an upward slope. Businesses only have one fixed factor of production in the short term (usually capital ). The output and real GDP increase at a given price as the curve moves outward.
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true or false: markets and private ownership of property create incentives to work hard and can contribute to growth in an economy.
Markets and private ownership of property create incentives to work hard and can contribute to growth in an economy. This statement is true.
Why does private property promote economic development?Private property refers to real estate that is owned by individuals or entities other than the government. Private property can include land, structures, items, and intellectual property (copyright, patent, trademark, and trade secrets).
Socialism, capitalism, and communism Because private property consists of things of value that people have the freedom to possess, use, and sell, it is crucial to our capitalist society. As a result, people have control over productive resources.
Private property encourages efficiency by providing the resource owner with an incentive to increase the value of their holdings. The more trading power a resource gives its owner, the more valuable it is.
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The cash flow statement should be evaluated by examining the cash flow pattern ______.
The cash flow statement should be evaluated by examining the cash flow pattern of the subtotals for the three sections of the statement.
What is Cash Flow Statement?
The movement of cash and cash equivalents that enter and exit a company is summarized in the cash flow statement (CFS), a financial statement. The CFS evaluates a company's ability to generate enough cash to cover its debt payments and fund its operating expenses. This is how well a company manages its cash position. The CFS is one of the three primary financial statements that works in conjunction with the income statement and balance sheet.
Cash from operating activities, investment activities, and financing activities makes up the bulk of the CFS.
There are two ways to figure out cash flow: the direct method and the indirect method.
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a fence must be built to enclose a rectangular area of 20,000square feet. fencing material costs $4.00 per foot for the twosides facing north and south and $8.00 per foot for the other twosides. find the cost of the least expensive fence. you must showyour work.
Its least expensive fence is $3200 in price. You must exhibit your work.
What does "expensive" really mean?Anything that is expensive is high in price or expensive in general. Most frequently, expensive refers to exceedingly expensive products like luxury automobiles. However, it also has the potential to describe items which price of cost is just excessive in comparison to other things. As an illustration, I enjoy it, but the price is just too high.
Could I say less expensive?It is not essential to add "more" because "better" is already comparative. Only comparative adjectives with two or more syllables are used with the prefix "more." Compared to confectionery, cream is a bit more pricey. Compared to the sweets, the chocolate is far more expensive.
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Two automotive technicians have the same amount of schooling and work experience, but earn different wages. The first works the day shift for an auto manufacturer factory for an annual wage of $51,000 per year, and the second works the night shift for the same company for an annual wage of $62,000 per year.
Compensating differential is why the two automotive technicians have same amount of schooling and work experience but earn different wages.
What is compensating differential?A compensating differential, which is also known as a compensating salary differential or an equalizing difference, is the additional revenue that a worker must be granted in comparison to other tasks that worker may undertake to encourage them to accept a particular unfavorable employment. The compensating differential for a job that is particularly desirable or offers unique benefits can also be mentioned, but in this case the differential would be negative, meaning that a particular worker would be willing to accept a lower salary for a job that is particularly desirable in comparison to other jobs. In order to examine issues like the danger of future unemployment, the risk of injury, and the risk of risky sexual activity, compensating differentials has been employed.
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Sara withdraws $1,000 from her savings account at the lucky s&l, keeps $50 in cash, and deposits the balance in her checking account at the bank of illinois. What is the immediate change in m1 and m2?.
There will be a increase in m1 and no change in m2 when Sara withdraws $1,000 from her savings account at the lucky s&l, keeps $50 in cash, and deposits the balance in her checking account at the bank.
What functions do banks have?It is a bank's responsibility to collect public deposits and lend those deposits to support the expansion of business, trade, industry, and agriculture. Bank receives higher rates of interest from depositors on loans and advances than it does on deposits.
How are banks able to make money?Like any other profit-driven business, banks charge for the financial goods and services they provide. The two main products that make banks profitable are interest on loans and service fees.
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the minimum efficient scale is part 2 a. the level of operation where long run average costs are lowest. b. the level of output where diminishing returns have not set in yet. c. the plant size that yields the most profit. d. the smallest output level where the firm finally reaches productive efficiency.
The minimum efficient scale is, "the level of operation where long run average costs are lowest."
The minimum effective scale of production, or MES, is the lowest point on the cost curve where a business may create its goods so that its long-term average cost is reduced over time.
When fewer units are produced by the firm, the cost per unit (average) would be high due to the fixed cost, but when more units are produced, the fixed cost would be spread over a greater number of units, and the average cost per unit would decrease. This efficient scale of operation can be calculated by equating marginal cost with average cost.
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which activity might a brand manager track if the desired result is to increase awareness with the customer?
The most efficient method for gaining customers' trust and familiarity is through word-of-mouth marketing.
In marketing, what does word-of-mouth mean?
A strategy for naturally generating product or company-related conversations and recommendations is known as word of mouth marketing.This kind of marketing essentially aims to get people talking about your brand, product, or company.
What are some examples of word-of-mouth marketing?
Social media reviews and recommendations, talking to friends and family about products or services, and leaving reviews on websites are all examples of word-of-mouth marketing.
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Record issuance of an additional 2,100 shares of $1 par value common stock for $42,000.
The record for the issuance of 2,100 shares of $1 par value common stock for $42,000 is :
Date Account title Debit Credit
XX - XXXX Cash $ 42, 000
Common stock $ 2, 100
Additional Paid in capital $ 39, 900
How to record stock issuance ?The amount of cash that is received from the issuance of the stock would go to the cash account as a debit and in this case that amount is the $ 42, 000 the stock was issued for.
The amount to be credited to the common stock account would be:
= Number of common stock x Par value
= 2, 100 x 1
= $2, 100
The Additional paid in capital would be :
= 42, 000 - 2, 100
= $ 39, 900
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Table 10-3. Refer to Table 10-3. Taking into account private and external benefits, the total surplus to society at the socially efficient quantity is
$62.50
At the socially efficient quantity, the total societal surplus is $62.50.
Community surplus is also referred to as social surplus or society surplus. It is the sum of the consumer and producer surpluses in a market at a given price and quantity.
The level of consumer and producer surplus is maximized at a free market equilibrium price. This is also known as the allocative efficiency point. There is no other price and output combination that could increase community surplus in the absence of a change (shift) in demand and/or supply. When the community surplus is maximized, the allocation of scarce resources is optimized.
Economists distinguish between private and external costs. Private costs are those borne by the company that manufactures the product. Someone who is not involved in the transaction bears the external costs. The distinction between private and external benefits is made in the same way.
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