I would expect supply to play a more significant role in determining the price of a basic necessity.
Why would supply play a more significant role in determining the price of a basic necessity?
A basic necessity is a good that is needed by the population. For example, food is needed for survival. As a result, the demand for a basic necessity is usually inelastic. This means that the quantity demanded is not sensitive to price changes.
This means that supply would play a more significant role in determining the price of a basic necessity because of the inelasticity of demand for basic necessities.
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A product has a selling price of $10 per unit, variable expenses of $6 per unit and total fixed costs of $35,000. If 10,000 units are sold, net operating income will be $.
If 10,000 units are sold, net operating income will be $5,000.
Net operating incomeUsing this formula
Net operating income =[(Selling price-Variables expenses)×Units sold]-Total fixed costs
Let plug in the formula
Net operating income=[($10-$6)x10000] - $35000
Net operating income =($4×10,000)-$35,000
Net operating income =$40,000-$35,000
Net operating income =$5,000
Inconclusion if 10,000 units are sold, net operating income will be $5,000.
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What does the Beginning Balance column in the Trial Balance View in the Prep for taxes tool indicate
The beginning balance column in the tool indicates the balance in the clients account.
What is the prep for taxes tool?This is an online tool that helps with the reviews of the account of a client online through the help of one dashboard.
The tool is also known to have a close resemblance to the trial balance.
These kind of tools are useful to theclient for their tax preparation.
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The cost of the business process is the sum of the cost of the inputs and the ________.
Answer:
I believe the answer for your question is A, Cost of the activities. Hope this helped!
________ at IKEA include cost-consciousness, constant desire for renewal, and accepting and delegating responsibility.
Ikea has core business values such as consciousness, constant desire for renewal, and accepting and delegating responsibility.
What are the core values in a company?The fundamental values of a company are the purposes that guide the attitudes of all members of the company. Additionally, these values are related to the common objectives, mission and vision of a company.
In the case of Ikea, it is a company that emerged in Sweden that has led the market for the sale of furniture and other household items that has stood out for its business values.
Among the most outstanding values of Ikea are:
TogethernessCaring for people and planetCost-consciousnessSimplicityRenew and improveDifferent with a meaningGive and take responsibilityLead by exampleNote: This question is incomplete because the options are missing. Here are the options:
A. Core values.
B. Missions.
C. Strategies.
D. Competencies.
E. Competitive Advantages.
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As Lily files her taxes, she learns that her federal total tax due ends up being $206. According to her Federal income tax withheld, how much of a tax refund can she expect back?
The tax refund that Lily can expect to get back from the tax authorities will be $15.80.
What is a tax?A tax simply means the compulsory levy that's paid by the people and companies to the government.
In this case, the tax refund that Lily can expect back will be:
= 7.65% × $206
= $15.80
In conclusion, the correct option is $15.80.
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Using the same brand name for different products is an application of which concept from behavioral learning theory?.
Using the same brand name for different products is an application of behavioral learning theory known as stimulus generalization.
What is Stimulus generalization?This is defined as the ability to behave in a new situation which has been learned in other similar situations.
The use of the same brand name for a different product depicts the concept of the theory which is referred to as stimulus generalization.
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Claton Industries has revenues of $128,000 for 2020. Their operating expenses are $80,000, and the income tax is $12,000. What is the net income for this company
Based on the information given the net income for this company is $36,000.
Net incomeUsing this formula
Net income=Revenues-Expenses
Where:
Revenues=$128,000
Expenses=$80,000+$12,000=$92,000
Let plug in the formula
Net income=$128,000-$92,000
Net income=$36,000
Inconclusion the net income for this company is $36,000.
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The inflation rate:___________
a. calculates the percentage change in the overall price level.
b. describes the amount an economy can grow if the factors of production are used efficiently.
c. measures the rate of increase in the cost of imported goods.
d. cannot be accurately measured with the CPI.
The inflation rate measures the rate of increase in the cost of imported goods.
What is an inflation rate?The general price increase of particular goods and services over a predetermined period is measured by the inflation rate. Inflation is often measured and reported as a percentage and can be a sign of a deterioration in a country's currency's value or purchasing power.The inflation rate is typically calculated using the inflation rate formula:(B - A)/A x 100 where A is the starting number and B is the ending number.**Therefore, the correct answer is option (c)
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In a sole proprietorship, the profits earned by the business are:_________
a) taxed as income for the business, but exempt from the personal income tax paid by the owner.
b) taxed at the lowest corporate rate.
c) the property of the owner, except for taxes owed to the government.
d) tax-free if the appropriate exemption is filed with the local government.
In a sole proprietorship, the profits earned by the business are the property of the owner, except for taxes owed to the government.
What is a sole proprietorship?A sole proprietorship is a type of business that is owned by only one person.
What are the characteristics of a sole proprietorship?It is owned by one personThe business has unlimited liabilityThe business usually lacks continuity. This type of business usually ceases to exist when the owner diesThe business is usually not separated from the ownerTo learn more about sole proprietorship, please check: https://brainly.com/question/15132409
Did anyone do business igcse paper 2 2020 may june?
Answer:what grade are you in maybe i can help you
Explanation:what’s the question.
All of the following are covered under the Securities Exchange Act of 1934 EXCEPT: A Registration of new issues B Stabilization of new issues C Registration of exchanges D Registration of broker/dealers
Answer:
A Registration of new issues
Explanation:
Owen makes $25,000 a year. He has just inherited $100,000 dollars. Owen owes 25,000 and has 25,000 in savings. What is his wealth
Based on the given scenario Owen wealth is $100,000.
What is wealth?Wealth simply means to have enough cash either at hand or in bank or to be in possession of large amount of money or to have valuable assets that can be converted into cash.
Based on the given scenario the amount that was inherited by Owen which is the sum of $100,000 will be Owen wealth.
Inconclusion Owen wealth is $100,000.
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how a commitment to a decision could assist a school leaver to adapt to the change of entrepreneurship?
The commitment to a decision could assist the schooler leaver to adapt to the change of entrepreneurship by enabling them to remain focused.
What is entrepreneurship?Entrepreneurship refers to the ownership of a business. The entrepreneur is an innovative and insightful person who starts a business to enjoy the advantages accruing from entrepreneurship, including independence.
Thus, the entrepreneur, who wants to reap the profits after bearing some risks, needs to remain focused.
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Which of the following tips can hurt your cash flow?
A. Increase your sales.
B. Pay your bills early.
C. Keep a cash reserve.
D. Offer credit only to low risk borrowers
Answer:
D. Offer credit only to low risk borrowers
Operational decisions are considered to be structured decisions. True false.
Answer:
True
Explanation:
Because they are not just decisions that are just taken easily
Annika is the manager of an auto parts manufacturing facility in a developing country. This facility does not meet the acceptable standards of the manufacturing facility based in her home nation. She knows that demanding a better facility will raise the cost of the auto parts that are mainly exported to other less-developed countries. However, she also realizes that by not demanding a better facility, the employees who work there are prone to serious health issues. This scenario represents
The scenarios represent the case of Business ethics and dilemmas
What is Business ethics?Business ethics refers to the standards and values of an organization. It defines what is morally right from what is wrong in business.
According to Annika, she is in between doing what is right or what is wrong. dilemmas
She must make decisions that will put her workers in serious health issues and at the same time, she must ensure the facility meets the acceptable standard laid down.
Therefore we can conclude that the scenarios represent the case of Business ethics and dilemmas
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Damien, an HR manager at Guidelines Inc., is preparing for a 5 percent increase in the production labor force next year. To do this, he needs to determine what the current number of production employees is and how the number is likely to change by the end of the year. To help with this analysis, Damien should use a
The best analysis that Damien can used to determine the current number of production employees and how the number is likely to change is the transitional matrix.
What is the transitional matrix?A transitional matrix refers to an square matrix analysis tool that gives the probabilities of different states or condition going from one to another.
In conclusion, the transitional matrix will allows Damien to determine the current number of production employees and how the number is likely to change through probability analysis.
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Combining the razor-razor-blade model and the subscription model means that telecom providers make their money through lengthy service plans, which in turn means that it is crucial that they keep their ______ rate, or the proportion of subscribers who leave, down. Multiple choice question. agency scorecard freemium churn
When razor-razor-blade model and the subscription model is been combined, it explains that telecom providers keeps their churn rate as they make their money through lengthy service plans.
What is razor and blades business model ?The razor and blades business model serves as a model which explains selling of an item at a low price so as to increase sales of a complementary good.
This also helps telecom providers with their proportion of subscribers
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If the Treasury uses a relatively large proportion of ________ debt to finance a budget deficit, this would place ________ pressure on long-term yields.
a. long-term; downward
b. long-term; upward
c. short-term; upward
Answer:
Long-term; Upward
Explanation:
Assumed that you need to supply a school canteen of bottled mineral water, 500 ml with a cost of P6.50/bottle, how do you determine the price per bottle? Explain your answer by showing your computation
Based on the cost of the bottle, the price of the bottle can be determined by a markup percentage.
What is a markup percentage?In order to determine the price of the bottle, you should use a markup percentage which will be based on your required profit level.
For instance, if you want to make a 40% profit on the cost then use a 40% markup to find the price as:
= Cost of bottle + (Cost of bottle x 40%)
Solving gives:
= 6.50 + (6.50 x 40%)
= $9.10
In conclusion, use a markup percentage.
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Challenges faced by companies working with younger workers include creating stimulating work environments, offering reasonable work schedules, designing projects based on team work, and providing opportunities for ______.
The challenges faced by companies working with younger workers include providing opportunities for positive feedback.
What is positive feedback?This is the skill that is used in business to help motivate workers, boost people's confidence and also show that you value their input.
Positive feedback is very important in organizations given that it helps workers to be at their best.
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Beatrice, a sales manager at Nelson Electronics, put in place a generous commission plan for her sales staff: the more they sell, the more they earn. This commission plan is designed to fulfill her salespeople's drive to ______.
The value that Beatrice is trying to fulfill using the commission plan that is found in her salespeople is the drive to Acquire.
What is the drive to acquire?It is a human value that drives our need to gain more resources to better our lives.
Beatrice is trying to use that to the company's advantage by essentially telling her salespeople that the more they sell for the company, the more resources (pay) they can acquire.
In conclusion, this is the drive to acquire.
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Strategic positioning attempts to achieve sustainable competitive advantage by ______. Multiple choice question. preserving what is distinctive about a company performing similar activities as those of rivals and in similar ways changing key aspects of a company's identity creating a meaningful mission statement
The manager is handling the case as an
Organisational opportunity
Option A
Organisational opportunityGenerally,Organisational opportunities that have favorable external factors that would give an organization the advantage over there competitors
Therefore, how I think the manager is handling the case is by seeing it as Organisational opportunity
Option A
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When automakers offer special price reductions on all their automobiles during holiday shopping seasons, they are using the _____ strategy.
What is the least liquid current asset for a company?.
Issued by corporations, these financial instruments give their holders a class ownership in a company. They are riskier than bonds but less risky than the general class of ownership.
How are delivery drivers able to meet the delivery timelines selected by customers when purchasing products?.
Delivery drivers are able to meet the delivery timelines selected by customers when purchasing products by using : A GPS to avoid traffic delays.
What is product delivery?Product delivery refers to the process of moving goods and services from one place to another. This process entails getting the goods produced either to a place where they will be sold or to final consumers.
The use of GPS enable us delivery drivers avoid traffic delays by informing them ahead where there are traffic.
Hence, delivery drivers are able to meet the delivery timelines selected by customers when purchasing products by using a GPS to avoid traffic delays.
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According to the national communication association, which skill is considered the most valuable by employers?.
Explanation:
Listening. Being a good listener is one of the best ways to be a good communicator. ...
Nonverbal Communication. ...
Clarity and Concision. ...
Friendliness. ...
Confidence.
Empathy. ...
Open-Mindedness. ...
Respect
According to the national communication association, communication skills are the one that is considered the most valuable by the employers. Therefore, the option B holds true.
What is the significance of communication skills?Communication skills can be referred to or considered as the skills that help in determining and showcasing the level of proficiency that an individual has while being involved in a communication in a professional environment.
When employers are looking for suitable candidates, communication skills of the applicants are given the top priority in order to determine the capabilities of a person as an ideal and a potential employee to the company.
Therefore, the option B holds true and states regarding the significance of communication skills.
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The missing choices to the incomplete question have been added below for better reference.
A. Verbal
B. Communication
C. Linguistic
D. All of these
he earliest known domesticated wheat, barley, and rice crops are thought to have originated in Asia about Group of answer choices 1.1 million years ago. 10 million years ago. 10,000 years ago. 100,000 years ago. 1,000 years ago.
Answer:
10,000 years ago
Explanation: The earliest known domesticated wheat, barley, and rice crops are thought to have originated in Asia about: 10,000 years ago.
A ______ is a relatively rare market situation in which average total cost is minimized when only one firm produces the good.
Answer: A natural monopoly is the answer.
Hope this helps!