The deadweight loss will be the least when both demand and supply are inelastic.
The deadweight loss depends on both the inelasticity of supply and demand. The more the demand or supply is inelastic, the less will be the deadweight loss. The relation is inversely proportional.
The reason is that the quantity bought or sold varies less with the price. There would be no deadweight loss if demand and supply are perfectly inelastic.
As deadweight loss is directly proportional to the elasticity of supply and demand so it will increase if supply and demand become elastic.
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dell targets various market segments, such as college students, business professionals, and home users, and designs separate computer models that appeal to each market. this is an example of
If dell targets various market segments, such as college students, business professionals, and home users, and designs separate computer models that appeal to each market. this is an example of Differentiated marketing .
What is differentiated marketingDifferentiated marketing can be defined as a type of marketing strategy applied by companies in which the company tend to develop different marketing model based on each of their target market.
This scenario best illustrate differentiated marketing based on the fact that the company designs different computer models that will appeal each of their market
Therefore this is an example of differentiated marketing .
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a person can use the present value concept to calculate how much money he has to invest (today, tomorrow) in order to have a specific sum of money in the (present, future).
A person can use the present value concept to calculate how much money he has to invest today in order to have a specific sum of money in the future.
In the field of business, a present value concept is a topic that describes that the worth of the specific amount of money that we have today would not have the same worth in the future. By this concept, it makes us realize and calculate the amount of money we need to invest or save today in order for it to have a specific value in the future.
It is through the present value system that we can calculate what the specific value of a certain amount of money will have in the future.
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Even if you are not the boss of a company, as a manager you will be asked to specifically be in charge of which of the following
Even if you are not the head of a company, as a manager you will be asked to be specifically responsible for managing your team.
What is the role of a manager?This professional is responsible for managing, coordinating, commanding and controlling a team of people, helping to fulfill the actions that will lead an organization to achieve the objectives and goals as planned.
There are several types and levels of managerial function, which is an essential role to help with tasks, create strategies in addition to being a professional who assists in training, hiring new employees and organizing resources for the company to be successful.
Therefore, managerial roles are essential in a company to create an organizational culture that is focused on collaboration, productivity and motivation.
This is an incomplete question and the alternatives could not be found online, but based on the topic, the correct answer is:
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a monopolist has the following pricing and revenue structure. if the firm’s marginal cost per customer is $30, and the firm wants to follow the profit-maximizing rule, what would be the firm’s quantity of customers and price charged per customer? click or tap a choice to answer the question. the quantity of customers is 3,000, and the price is $30. the quantity of customers is 4,000, and the price is $30. the quantity of customers is 3,000, and the price is $70. the quantity of customers is 4,000, and the price is $60.
The quantity of customers is 4000, and the price is $30 if the firm’s marginal cost per customer is $30, and the firm wants to follow the profit-maximizing rule.
Assume the table depicting the pricing and revenue structure is provided.
When the Marginal Revenue = Marginal Cost, the profit for monopoly is maximized.
That is when additional expenses are offset by additional revenue.
When they have 4,000 customers, their Marginal Revenue per 1,000 customers is $30,000
Thus, the marginal revenue for each customer is $30,000/1,000 = $30.
Furthermore, because the marginal cost for each customer is $30:
The maximum profit will be according to the profit-maximizing rule-
MC $30 = MR $30
The profit maximization rule is denoted in economics as MC = MR
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Which of the following is typically not a feature of savings accounts?
Answers:
No checks
Earns interest
Withdrawal limits
A debit card
Answer: No checks is not a feature of savings account
Explanation: No checks is typically not a feature of savings account. On opening a savings account we do get a passbook and checkbook facility. Cheques are used for quick withdrawal of money or submission of funds
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According to the video, what qualities do Reporters and Correspondents need? Select four options.
ability to work under deadline pressure
patience
curiosity
a loud speaking voice
people skills
an understanding of politics
a flair for language
Four qualities that are needed by those who become Reporters and Correspondents are:
ability to work under deadline pressurecuriositypeople skillsa flair for languageWhat qualities are needed by reporters and correspondents?Reporters and correspondents are those people who have to travel around to report on current events around the world. They also have to be the ones to dig up the stories they report on sometimes, as well as research news events to make sure they are credible.
To be able to find these events, the quality of curiosity is needed as this would lead to the reporters looking for current events. People skills are then needed to dig deeper into events by talking to people who experience them.
A flair for language would allow reporters and correspondents to be able to properly report on news events and the ability to work under pressure ensures that current news events are reported on as fast as possible.
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Answer:
a c e g
1 3 5 7
what happens to the aggregate demand curve in each of the following situations and why?: a) the government implements a new tax credit for investment. b) an increase in prices causes interest rates to rise which decreases investment. c) the stock market crashes
New tax credit investment enhances aggregate demand. therefore aggregate demand shifts rightward.
b) Rising investment diminishes aggregate demand, lowering consumption. aggregate demand decreases.
c) When the stock market collapses, stock prices may fall, resulting in less demand and more supply, which lowers aggregate demand.
This is further explained below.
What is the demand curve?Generally, The demand curve shows how price affects quantity required over time. Price is usually on the left vertical axis and quantity requested on the horizontal.
Demand curves illustrate the amount requested at each price. Demand curves are graphical representations of demand schedules.
a) If there is an increase in the amount of investment that qualifies for the new tax credit, aggregate demand will go up. Consequently, the aggregate demand moved in the right direction.
b) There is a fall in aggregate demand as a result of a decline in investment brought on by an increase in investment, which in turn brings about a fall in consumption.
Therefore, there is a move toward a declining trend in aggregate demand.
c) When the stock market collapses, there is a probability that the price of stocks will decline. As a consequence, there will be less demand and more supply at the price, which will lead to less consumption, which will shift aggregate demand downwards, which will result in a decrease in aggregate demand.
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owen is exploring possible career pathways in logistics and transportation. he likes problem solving and is very passionate about helping to keep the planet safe. what career pathway might be a good fit for owen?
Owen is researching potential career paths in logistics and transportation. He enjoys problem solving and is deeply committed to helping to keep the planet safe. Distribution and Logistics could be a good career path for Owen.
What are the various career options?Knowledge-based, skill-based, entrepreneur-based, and freelance are the four types of career paths. Every career path requires a specific set of qualifications to help you do your job. Knowledge-based career paths allow you to apply what you've learned over time to your job. Career Pathways is a workforce development strategy used in the United States to assist workers in making the transition from education to and through the workforce. The National Career Clusters Framework classifies jobs into 16 groups based on shared skill sets, interests, abilities, and activities. Career pathways are sub-groupings of the clusters. The National Career Cluster Framework includes 79 career paths.To learn more about Career paths, refer to:
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Answer:
The answer is
Health, Safety, and Environmental Management
Explanation:
Other than I took the k12 Career test, we can know that this is the correct answer because, as we see in the passage Owen is very caring to the environment and life around him, and this is the only answer/option that includes that
Have a good day good luck on the rest of the quiz!!
a customer of juice store returned merchandise with a cost of $25 and a selling price of $40. juice store gave the customer a cash refund because the customer had previously paid their account in full. the journal entry to record the cash refund to the customer includes: multiple choice question. a debit to sales returns and allowances and a credit to cash for $40 a debit to sales returns and allowances and a credit to cash for $25 a credit to sales returns and allowances and a debit to cash for $25 a debit to merchandise inventory and a credit to cost of goods sold for $25
The journal entry to record the cash refund to the customer includes a debit to Sales Returns and Allowances and a credit to Cash for $40.
An item is returned to the seller by a customer or client as a sales return.
Refund policies are customizable by businesses. There are other options, such as allowing free returns within a set time limit, imposing a restocking cost, or only allowing returns with a receipt. A shop credit or exchange may be available from some businesses. Accountants can enter these transactions in a sales returns account after confirming a return complies with a company's policy.An allowance is a reserve set aside in anticipation of costs that will arise at a later time. By creating a reserve, a cost that would have otherwise been recognized in a later period is instead recognized sooner, into the present period.Learn more about Sales return, here
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drew suspects that his shift leader is stealing from the cash drawer at the end of his shift. they frequently work together and drew contemplates if he should report this incident. the reason for avoiding this conflict is
C. The potential for backlash
While this cannot be avoided, one of the reasons for avoiding this conflict is the possibility of backlash from the shift leader.
Conflicts in organizations also lead to disrespect and unnecessary tensions. Individuals gossip about others and pollute the environment; you may be an excellent performer and a diligent worker, but if you continue to backlash with your coworkers, you will undoubtedly earn a bad reputation.
When is it appropriate to avoid it:
When a problem is trivial and other problems are more important or pressing, devote your time and energy to the latter.When there is no opportunity to address the issue constructively, attempting to solve it will be futile and may worsen the situation.To learn more about backlash, refer:
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The complete question is:
Drew suspects that his shift leader is stealing from the cash drawer at the end of his shift. They frequently work together and Drew contemplates if he should report this incident. The reason for avoiding this conflict is
Multiple Choice
A. the possibility of a promotion.
B. he enjoys confrontation.
C. the potential for backlash.
D. he’ll have a better workplace relationship.
E. it will decrease his stress.
donna wants to buy a new coat. during the stage of the buyer decision process she will ask her friends to recommend stores that sell good quality winterwear clothing. she will also go through newspapers and magazines to look out for offers and sales on coats. group of answer choices information search
During the information search stage of the buyer decision process she will ask her friends to recommend stores that sell good quality winterwear clothing.
Consumers actively collect and use data from internal and/or external references to improve purchase decisions during the information search stage of the decision-making process. During the information stage, the buyer may look over options in person or consult online resources such as customer reviews. Your job as a brand is to provide potential customers with the information they require in the hopes that they will purchase your product or service.
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The question was incomplete. Check below the complete question.
donna wants to buy a new coat. during the stage of the buyer decision process she will ask her friends to recommend stores that sell good quality winterwear clothing. she will also go through newspapers and magazines to look out for offers and sales on coats what donna at the buyer decision process.
a. product evaluation
b. alternative evaluation
c. information search
d. need recognition
fantasy inc. is an apparel store. it has separate sections for casual wear, office wear, and party wear. it offers a broad selection of clothing across various price ranges to accommodate consumers at different income levels. in this way, fantasy caters to different socioeconomic groups. fantasy targets its market segments using as its base for product positioning.
If it offers a broad selection of clothing across various price ranges to accommodate consumers at different income levels. in this way, fantasy caters to different socioeconomic groups. fantasy targets its market segments using product user as its base for product positioning.
What is product repositioning?Product repositioning can be defined as a form of marketing techniques or marketing strategy in which a company tend to reposition their product so as to compete with others that offers the same products as theirs.
On the other hand product user are the end user of final user of a product. This scenario best illustrate what is called product repositioning because the company tend to have different selection of clothing with different price ranges so as to accommodate consumers at different income level which in turn will enables people to buy what the can afford.
Therefore we can conclude that the company is making use of product repositioning.
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Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.
Required based on this information alone ,the amount of net income earned during the month of july.6000 x .04 = 240
How Is Net Income Formula Defined?The net income formula is the difference between the total amount of revenue earned and the total amount of expenses. It is specified as:
Total revenue less total expenses equals net income.
What Is the General Formula for Net Income?The formula for calculating net income is as follows: net income = total revenue - total expenses.
How frequently should I estimate my net income?For the purpose of monitoring their performance and profit, many firms compute net income on a monthly, quarterly, and yearly basis.
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10. What's money used to start up a new small
business or help a business expand during a growth
period?
You look for seed finance from angel investors, then proceed to venture capitalists, and finally make an initial public offering, depending on the stage your business is in and its capacity to generate profits (IPO).
What Is Startup Capital?
The money a new business raises to cover its start-up expenses is referred to as startup capital. A strong business plan or a working prototype must be built by entrepreneurs seeking startup money in order to sell their concept.
Which funding options do small business owners frequently use?
When they are short on cash, small enterprises in the startup stage may employ debt finance or equity financing to raise money. One type of debt financing that small business entrepreneurs use is a bank loan. Allowing stakeholders to own a portion of the company is known as equity financing.
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jane, a researcher, measured the performance of two groups of employees. one group received low monetary incentives first and was later given high monetary incentives. the other group was given high monetary incentives first and was later given low monetary incentives. at each stage, the employees' performance was measured. this scenario exemplifies a(n)
The design group where at each stage, the employees' performance was measured, the scenario exemplifies A.independent groups design.
What is independent groups design?
The independent groups design can be described as the group whereby the design work is been worked upon base on different section where the sections are interrelated but can be segregated into different stages of the work.
In this case we can come into conclusion that the example from the question is base on independent stage because the employees' performance was measured differently in different stages which implies that one stage has a unique task that is been performed in it.
Therefore option A is correct.
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Check missing options:
A.independent groups design.
B. repeated measures design.
whole fruits market took the following actions to improve internal controls. for each of the following actions, select the internal control principle the company followed.
1) The registrar is not allowed to pay the company's suppliers.
-Separate bookkeeping from asset storage
2) Personal identity cards are used to restrict access only to authorized employees.
-Apply technology control
3) The employee requesting the purchase of the inventory cannot approve payment for the inventory.
-Sharing responsibility for related transactions
4) Each cashier is designated as a certain cash drawer and is fully responsible for the cash in that drawer.
-Assign responsibilities
5) Purchase an insurance policy (bond) against losses due to theft by the cashier.
-Insuring assets and tying up key employees
6) External auditors are hired regularly to evaluate internal control.
-Perform regular and independent reviews.
Internal control is a procedure, method, or system that is prepared and designed in such a way by the company in order to increase efficiency, maintain the accuracy of data for each account, enforce discipline, safeguard assets, as well as internal control over employees. Organizational theory and accounting itself states that internal control is a process that affects the performance of Human Resources, as well as information technology in helping companies achieve certain goals.
There is supervision, direction, and measurement of an organization's resources within the scope of internal control. If implemented effectively, the company is able to direct all operational activities and prevent misuse or fraud that crosses the line. Fraud can usually be in the form of fraud or fraud.
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imani (59) comes in to your office to have her return prepared. she states that she wants to use the head of household filing status and claim the earned income tax credit (eitc). she also tells you that her dependent child is her granddaughter, hannah (14), who currently lives with her. all of the following are appropriate questions to ask or actions to take except:
All of the following are appropriate questions to ask or actions to take except: Option C). Inform Cherylynn that she must provide you with documentation proving Alana lived with her before you can prepare the return.
What is Head of household filling status?Head of household refers to the filing status on tax returns that is used by unmarried taxpayers who support and house a qualifying person.
Head of household filers have a lower tax rate and higher standard deductions as compare to the single filers.
Basically, the head of household status has the benefit to claim a roughly 50% larger standard deduction than single filers.
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Complete question:- All of the following are appropriate questions to ask or actions to take EXCEPT:
A) Ask Cherylynn how long Alana has lived with her and inquire into the whereabouts of Alana's parents.
B) Ask Cherylynn who paid most of the expenses of maintaining her home.
C) Inform Cherylynn that she must provide you with documentation proving Alana lived with her before you can prepare the return.
D) Inquire whether the IRS has ever denied or reduced Cherylynn's EITC in a prior year
performance and cost dimensions of activities that are derived from business operations involving people, systems, routines, culture, and coordination that usually have a fairly important learning component are known as a.
Activities produced from company operations are characterized by their performance and cost parameters, or a. Analyzing the value chain.
The required details for value chain in given paragraph
Creating a product or providing a service involves a number of different business operations and procedures, which are defined by a value chain. It encompasses every phase of a product's lifecycle, from design to production to sale. Companies use value-chain analyses to look at each manufacturing stage, discover methods to improve the efficiency of the value chain and lower costs, and seek larger profit margins or a competitive edge.
To improve value for customers and generate greater profits, each activity in the chain is examined and adjusted to operate at peak levels.
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A certain country is most efficient in the production of cheese. Whose theory would state that because of this efficiency, the country should specialize in producing cheese because it has an absolute advantage?.
The theory of Comparative advantage should specialize in producing cheese because it has an absolute advantage. Comparative advantage portrays the financial truth of the work gains from exchange for people, firms, or countries, which emerge from contrasts in their element blessings or mechanical progress.
What is theory of Comparative advantage?In a Financial model, specialists enjoy a comparative upper hand over others in creating a specific decent on the off chance that they can deliver that great at a lower relative open door cost.
The outright advantage, looking at yield per time (work proficiency) or per amount of information material (money related effectiveness), is for the most part viewed as more natural, yet less precise as long as the open door expenses of delivering merchandise across nations differ, useful exchange is conceivable.
Therefore In the event that a far off nation can supply us with a product less expensive than we most definitely can make it better.
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suppose that guru and premier produce only beats and rhymes. guru can produce at most 400 beats or 1000 rhymes in a year. premier can produce at most 100 beats or 200 rhymes in a year. use the principle of comparative advantage (and maybe ppfs for the two musicians) to determine who should specialize in which activity.
Guru has an absolute advantage in producing both beats and rhymes, but should specialize in rhymes.
Specialization is the process of limiting the range of products produced. This is advantageous because certain persons perform specific occupations better than others, and create particular things more readily than other regions and individuals. The capacity of an economy to produce a certain item or service at a lower opportunity cost than its trade counterparts is known as comparative advantage. Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities.
These marketing initiatives frequently concentrate on the advantages and excellence of the product that may draw potential buyers. 400 beats or 1000 rhymes in a year are comparable. Whereaas, Premier can only create 100 beats or 200 rhymes each year at maximum. According to the theory of comparative advantage, Guru has a distinct edge in making rhythms and rhymes, but should focus on the latter.
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Cole just moved to a new neighborhood. He called the electric company to switch the utilities for his new home from the landlord to
himse Why would the electric company request a copy of Cole's credit report?
A. Cole had applied for one of the company's credit cards and they wanted to find out if he was a good borrower
B. They needed to decide whether to require Cole to provide a deposit.
C. The company does background checks on all potential employees.
D. Federal regulations require them to make that request whenever someone signs up.
its B they need to know whether or not he could provide a deposit
They needed to decide whether to require Cole to provide a deposit would the electric company request a copy of Cole's credit report. Thus, option (b) is correct.
What is company?
The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.
According to the electric company, was the request the copy of the Cole's credit report. It was the needed to decide the Cole to provide a deposit. The Cole was the deposits, of the electric company. It was the needed to the deposit of the report. The main reason was the Cole just the moved to a new neighborhood.
As a result, they needed to decide whether to require Cole to provide a deposit would the electric company request a copy of Cole's credit report. Therefore, option (b) is correct.
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during 2024, jacobsen wrote off $18,900 in receivables and recovered $6,900 that had been written off in prior years. jacobsen's december 31, 2023, allowance for uncollectible accounts was $44,500. using the balance sheet approach, what amount of allowance for uncollectible accounts should jacobsen report at december 31, 2024?
Using the balance sheet approach, $52,000 is amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2024
What is uncollectible accounts?Receivables, loans, or other debts that have essentially no chance of being paid are referred to as uncollectible accounts. A debt may become uncollectible for a number of reasons, such as the debtor's bankruptcy, an inability to locate the debtor, the debtor's fraud, or the absence of adequate documentation to support the existence of the debt.
We have given that:
The beginning balance of allowance for uncollectible amounts: $44,500$18,900 in receivables were written off (the balance increase)$6,900 in recovered the amount which were written off in 2019 (the balance decrease)Hence, the ending balance of allowance for uncollectible amounts should Jacobsen report at December 31, 2024 by using the balance sheet is
⇒$40,000+$18,000 -$6,000
⇒ $52,000
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in an effort to differentiate its offerings from its competitors, pegasus computers decided to add an extra usb port in all its laptops besides providing a free pair of delphi power bass headphones with every pegasus laptop. although the additional features increased the price of the laptops by $500, pegasus was confident that the strategy would help boost demand for its laptops substantially. this is an example of . good-value pricing markup pricing break-even pricing value-added pricing cost-based pricing
This is an example of value-added pricing. By examining production costs and profit alone, you cannot calculate the value-added price.
What is value-added pricing?Value-added pricing, sometimes referred to as value-based or customer worth-based pricing, is a method of determining prices for goods and services in accordance with the perceived value of the product by the customer. Premium airlines are a fantastic illustration of value-added pricing. Despite the fact that their airfares are significantly more expensive than those of low-cost carriers, travelers who opt to pay for them are prepared to bear the additional expense due to the excellent quality of their offerings.Businesses assess the perceived value to the customer and set prices appropriately rather than estimating production costs and imposing a conventional markup.Learn more about airlines here:
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at the beginning of the current year, a township formally adopted its budget and recorded it in the general ledger. budgeted revenues were $500,000 an
Items of income and expense are documented in nominal ledger accounts in accordance with established regulations, just as assets and liabilities.
In expense accounts, expenses are always recorded as debit entries, while income items are always recorded as credit entries.
A general ledger budget is what?
A general ledger budget is a strategy for your general ledger's income and spending accounts, often used to keep costs under control. Budgets for the general ledger can be entered for the entire company or per organization. General ledger budgets are entered using the General Ledger Budgeting form.
Which information is kept in the general ledger?
A general ledger is used in accounting to document all business activities. Transactional information is categorized into assets, liabilities, income, expenses, and owner's equity in a general ledger. The accountant creates the trial balance once each sub-ledger has been closed out.
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when quantity demanded has increased at every price, it might be because group of answer choices the costs incurred by sellers producing the good have decreased. the number of buyers in the market has decreased. the price of a complementary good has decreased. income has increased, and the good is an inferior good.
When a quantity demanded has increased at every price, it might be because the price of a complementary good has decreased.
What is a quantity demanded?Basically, in economics, a demand refers to the quantity of a good that consumers are willing and able to purchase at various prices during a given time. The term "quantity demanded" means the total amount of a good or service that the consumers demand over a given interval of time.
Most times, a quantity demanded depends on the price of a good or service regardless of whether that market is in equilibrium or not. In this context, when it increases at every price, it could be because the price of a complementary good has decreased.
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which "quality of service" dimension would you be assessing when asking the question, "how pleasing is the appearance of the physical facilities, equipment, personnel, and communication materials?"
Tangibles The "quality of service" dimension would be evaluated when the inquiry is posed.
The required details for Tangibles in given paragraph
You can physically touch something tangible. A rock is tangible, just like a shattered window is; if the rock is adjacent to the window, it can be tangible vandalism proof. When we remark that the tension in a room is tangible, we imply that we can almost physically feel it.
A tangible good is a physical item that you stock and ship to your customer, as the name suggests. A service is something you provide that isn't a tangible or digital good, like consulting or project labor.
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he expansion of health care coverage to include more uninsured persons creates both external costs and external benefits. a. indicate whether each of the following is a potential external benefit or a potential external cost by placing each item in the appropriate bin:
Expansion of health care coverage to include more uninsured persons creates both external costs and external benefits to improving health care
Why Do We Need to expansion of Health Care Costs?All people can have possibilities to live better, healthier lives thanks to advancements in health care. However, the U.S. health care spending growth rate continues to outpace economic expansion at an unsustainable rate. The single biggest concern threatening the country's long-term budgetary health is the rate of rise in health care costs. Increasing pressure to control health care costs necessitates that limited healthcare resources used equitably and judiciously. Healthcare expenditures must be correlated with high quality and efficiency in the delivery of services to improve health outcomes. This requires understanding the benefits and effectiveness of clinical procedures, recognizing the major drivers of health care costs, and identifying potential means for achieving savings.Everyone will have access to preventative care, which will reduce the prevalence of chronic illnesses that can be avoided. If someone has a disease, they will have access to education and rehabilitative care. The results for overall health will be better. A more productive workforce is one that is healthier.
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identify the scenarios as examples of elastic, inelastic, or unit elastic demand. a. when ruko, a device used to stream movies at home, increases prices by 51 percent, total revenue decreases by 59 percent. b. when cinema supreme decreases ticket prices by 19 percent, total revenue does not change. c. when bluebox, a streaming service for foreign television shows and movies, increases its prices by 59 percent, total revenue increases by 22 percent.
The first example shows that a 51% increase in price results in a 59% decrease in total revenues, indicating that demand is elastic.
Elastic demand is defined as a large change in quantity demanded as a result of a price change.
The second example shows that a 19% decrease in price results in no change in revenue (the demand increases by 19%), indicating that unit elastic demand exists.
The economic theory of unit elastic demand holds that a change in product price causes an equal and proportional change in the quantity demanded. In other words, the percentage change in demand equals the percentage change in price. Consider elastic demand on a unit-by-unit basis.
The third example shows that a 59 percent increase in price results in a 22 percent increase in total revenue (the demand decreases by 22 percent), indicating price inelastic demand.
An inelastic demand is one in which the change in quantity demanded as a result of a price change is small.
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assume the following information from a schedule of cost of goods manufactured: total manufacturing costs to account for $ 230,000 ending work in process inventory $ 22,000 what is the cost of goods manufactured?
The cost of products manufactured is $208,000 if the schedule of cost of goods manufactured is as follows: Ending work in process inventory is $ 22,000, and total manufacturing costs are $230,000.
Total manufacturing expenses
Add beginning WIP inventory and subtract ending WIP inventory to get the cost of goods manufactured for the year.
As a result, cost of items manufactured = 230000 – 22000 = $208000.
The total manufacturing cost is the sum of all the costs spent by a company's production process during a specific time frame. To ascertain a company's profitability, management and manufactured investors frequently compare it to all revenues.
Costs for direct labor, direct materials, and overhead are included in the TMC. The direct labor involved in producing a good or providing a service during a specific time period is referred to as the cost of direct labor. The cost of direct materials refers to the price of the manufactured supplies purchased during a specific time period to manufacture a good or provide a service. Costs known as "overhead" are those that aren't directly connected to the production of a good or providing a service, but nonetheless help the company turn a profit.
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fill in the blank: project managers should identify project stakeholders, communication methods, communication goals, and communication before creating a communication plan.
Project managers should identify project stakeholders, communication methods, Delivery methods, communication goals, and communication before creating a communication plan.
A project management communication plan identifies how crucial information could be communicated to stakeholders throughout the project.
It also determines who could be receiving the verbal exchange, how those human beings will acquire it, whilst they may acquire it, and the way often they have to anticipate to obtain that facts.
Identifying stakeholder permits for clean communications at some point of updates or project progress meetings.
Knowing who the stakeholders are and where they fit in the development and deployment phases of the project
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