The transactions can be recorded assuming $1 par value and $1 stated value separately for each month. This can be done by recording common stock and additional pay and subtracting both the values.
Let us understand the concept first.
What is stated value?
When a stock has no par value, an amount is assigned for internal accounting purposes to a corporation's stock. This value is stated value, typically between $0.01 and $1.00. The stated value has no relation to market price.
What is Par value?
Par value of shares is the face value of a stock stated in the corporate charter.
Preparation of the journal entry to Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock can be done as:
For every month we record the common stock(suppose x) and additional pay(suppose y)Now we subtract common stock from additional pay (y – x) separately for each monthAnd the result will be recorded as transaction.This is the proper way to maintain and record the transactions.
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They help to provide goods and services to the people. one advantage of government involvement in the economy is to try to keep things fair and unemployment low.
Governments maintain competition, offer public products and services, allocate income, account for externalities, and fix the economy in addition to providing the legal and social framework.
What goods and services does the government provide and how?The benefits of a command economy include low levels of income inequality and unemployment as well as the shared goal of displacing profit with equality as the main driving force behind production. Lack of competition, which can result in a lack of innovation, and inefficiency are disadvantages of command economies.
Almost everywhere, the government has a significant impact on the provision of services including environmental and fire prevention, transportation, education, and national defense. They are commonly referred to as "public utilities."
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some trends in today's workplace include an emphasis on teamwork, an increase in telecommuting, and .
some trends in today's workplace include an emphasis on teamwork, an increase in telecommuting, and an increase in evolving communication technologies
What is telecommuting?The term "remote work" refers to employment arrangements in which employees do not commute to a central place of employment, such as an office building, warehouse, or retail store. It is also referred to as "work from home" (WFH), "work from anywhere," "telework," "remote job," "mobile work," and "distance work." As an alternative, work can be done at home in a study, a tiny office or home office, or even a telecenter. A distributed corporation is one that employs only remote work from every employee.
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Segmenting dimensions that help marketing managers decide whether to include a customer type in a product-market are called ______ dimensions.
Segmenting dimensions that help marketing managers decide whether to include a customer type in a product market are called qualifying dimensions.
what is the qualifying dimension?qualifying dimension is the dimensions that are relevant to counting a client sort in a product market. Determining dimensions are the measurements that affect the customer's purchase of a particular item or brand in a product market, e.g. cost. more Sophisticated Segmentation Methods.
Qualifying dimensions are those core features decided to be essential for all segments of a market. Determining measurements are those features particular to each market portion. Assume a company needs to offer an unused natural cotton t-shirt to buyers. The core highlights or qualifying dimensions for all fragments will incorporate the use of natural cotton fabric within the fabricating preparation, comfort, and durability.
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_______ is required when operating a jointer
Safety glasses is required when operating a jointer.
How do you stay safe when using a jointer?Your question is incomplete so I will give a general overview of the question to help you understand the concept.
When using a jointer, it is important that you wear safety glasses to avoid anything getting into your eyes. A face shield is also recommended.
You should also wear something to protect your hearing from the noise that the jointer would be making which can be quite loud and damaging in the long term is care is not taking.
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demand is said to be when the quantity demanded changes at the same proportion as the price.
Demand is said to be when the quantity demanded changes at the same proportion as the price is unitary elasticity.
Demand is an economic concept that pertains to a customer's choice to purchase goods and offerings and willingness to pay a specific charge for them. An growth inside the charge of an awesome or provider has a tendency to decrease the quantity demanded.
Supply and demand determine the fee of products and portions Produced and consumed. Customers might also exhaust the to be had deliver of a good by buying a given appropriate or carrier at a excessive extent. This ends in an growth in call for. As demand will increase, the available deliver additionally decreases.
Demand for a services or products offers the firm the possibility to develop the commercial enterprise, hiring extra employees and growing capability to healthy the call for. However, oversupply and occasional demand forces businesses to contract, laying off team of workers and last factories.
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The consumption category includes all purchases by ________ with the exception of ________.
'The consumption category includes all purchases by with the exception of new houses.
Consumption is the act of using resources to meet current needs and desires. This is in contrast to investments, which represent expenditures to generate future income. Consumption is an important concept in economics and is also studied in many other social sciences.
To consume means to use, buy or eat something. If you don't reduce your energy use, you'll run out of fuel. Conspicuous consumption means buying something to show off. Consume is related to verb consumption. This means eating, consuming or buying.
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When the probabilities of alternative outcomes cannot be determined and future outcomes are unknown, there exists?
When the probabilities of alternative outcomes cannot be determined and future outcomes are unknown, there exists : uncertainty.
What do you mean by alternative outcome?Alternative outcomes are alternative or additional ways of going about something. This could include different routes you might take to achieve your goal, different possible solutions to a problem, or other courses of action.
When it comes to success, having multiple options is always advantageous because it gives you more flexibility in how you go about achieving your goals. It can also help prevent any setbacks that may occur along the way and give you more flexibility when making decisions.
By using alternative outcomes as part of your decision-making process, you will be better equipped to find the best course of action for yourself and your team.
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corporation began the year with cash of $142,000 and land that cost $25,000. during the year thompson earned service revenue of $270,000 and had the following expenses: salaries, $175,000; rent, $81,000; and utilities, $28,000. at year-end thompson's cash balance was down to $16,000. how much net income (or net loss) did thompson experience for the year?
The net loss is $14000 Thompson had experienced at the the end of year .The total net income is $1,53,000.
How much is net income?The income of a person or business after deducting costs, allowances, and taxes is referred to as net financial gain.
Net in business is what remains after deducting all costs, including salary and wages, the cost of goods and raw materials, and taxes. Profits for persons are the takings after deducting taxes, insurance, and pension contributions. Profits should ideally be higher than prices to indicate a healthy financial situation.
To calculate net income, start with gross income, which is the whole amount of money produced. Then, subtract charges like taxes and interest payments.
The amount that an individual really receives from their paycheck each month—as opposed to the gross amount they are paid before payroll deductions—is known as their net income. Other kinds of income, such as Social Security benefits, side jobs, or investment income, may boost your net income.
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If i wanted to find out if certain people in an office building serve as information hubs to their respective departments, i should consider using this type of analysis.
If i wanted to find out if certain people in an office building serve as information hubs to their respective departments, i should consider using social network analysis.
Why is Network Analysis used?
Network analysis is useful for many real-world application problems. It aids us in developing a thorough grasp of the structure of a relationship in social networks, the structure or process of change in natural phenomena, and even the analysis of biological systems of organisms.
Let us utilise the network of social media users as an example once more. Analyzing this network aids in determining the most influential individual or people in an organisation.
1)Defining user group characteristics
2)Prediction of appropriate goods for users
3)Identifying CM targets, and so forth.
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Assume that maxine decides that she needs a wardrobe update. what would you feel is an appropriate amount of business clothing for maxine to own in order to succeed at her job?
Your after-tax income is the quantity you acquire after taxes are taken from your paycheck, inclusive of which includes national tax, local tax, and Medicare and Social Security tax. if you're a worker with a steady paycheck your after-tax earnings are simple to determine. If fitness care retirement contributions or other deductions are taken out of your paycheck, truly upload them again if you're self-hired, your after-tax income equals your gross income, minus your business expenses such
Because the value of your computer or airfare to meetings, minus the amount you put apart for taxes really is the million-greenback query. Any payment that you may forgo with the best minor inconvenience, like your cable invoice or your back-to-school apparel, is a need. Any charge that would critically affect your great of life, together with energy and prescription drugs, is a want.
Close relationships, more than cash or repute, are what preserve humans glad during their lives, the examine found out. the one's ties shield people from existence's discontents, help to postpone mental and physical decline, and are higher predictors of long and happy lives than social class, IQ, or maybe genes.
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session 02 featured cedric bandoh, who is a rising executive in supply chain management at hewlett packard. cedric described the reason(s) that hp recruits heavily from our bauer supply chain management majors as:
Many leaders at HP hold degrees from Bauer, including the VP of Procurement ("Buy" Function). Furthermore, our SCM majors gain the breadth and depth of knowledge within their classes that have shown to enable our alumni to be successful in their employment over time.
A supply chain is the network that links all of the individuals, companies, assets, actions, and tech involved in the production and sale of a product. Everything from the movement of raw materials from a supplier to a production to the ultimate distribution to the end customer is included in a supply chain.The process of organizing the multiple processes required to produce and deliver goods and services to a firm's clients is known as supply chain management. Supply chain activity includes design, farming, manufacturing, packing, and transportation.Thus this is the meaning of supply chain.
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housing is a good that tends to take up a substantial share of a consumer's spending. if the price of housing increases, this will result in: a the income effect increasing the quantity demanded of housing while the substitution effect is decreasing the quantity demanded of housing. b the income effect decreasing the quantity demanded of housing while the substitution effect is increasing the quantity demanded of housing. c the income effect having no effect on the quantity demanded of housing while the substitution effect is decreasing the quantity demanded of housing. d both an income and substitution effect to increase the quantity demanded of housing. e both an income and substitution effect to decrease the quantity demanded of housing.
Housing is a good that tends to take up a substantial share of a consumer's spending. if the price of housing increases, this will result in option(e) i.e, both an income and substitution effect to decrease the quantity demanded of housing.
The construction and designated use of homes or structures, either individually or collectively, for the purpose of shelter, is referred to as a housing or, more broadly, living spaces. Housing, whether it be a home or another type of habitation, lodging, or shelter, ensures that people of society have a place to live.
Additionally, adequate housing can promote labor mobility within an economy and aid in the economy's ability to absorb negative shocks. In other words, the health of the housing market directly affects the state of the economy as a whole. We also anticipate that housing markets will expand and deepen as economies flourish.
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If a university passed a rule stating that university students must live in university dormitories, what effect would this have on the price elasticity of demand for dorm space? how might this rule affect room rates?.
If a university passed a rule stating that university students must live in university dormitories then the price elasticity of demand would be more inelastic and room rates would increase.
If students are to be made mandatory to live in college dormitories then the price rates of the rooms would increase and there would be a huge inelasticity in the prices. As everyone would have to stay in the dorms they would be overcrowded than usual because usually dorms are for the people that have come from any other foreign city or country.
This will also lead to overpopulated living areas that would definitely make the students uncomfortable and hard to study.
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When short-term rates are higher than long-term rates, we say it is __________________.
We refer to a situation as downward sloping when short-term rates are higher than long-term rates.
Bonds with a ten-year maturity date are referred to as having long-term interest rates. The cost a lender must pay, the danger a borrower poses, and the reduction in capital value all have a significant impact on rates. Most of the time, long-term interest rates are composed of the average daily rates given as a percentage.
The cost that lenders charge for delaying consumption, the possibility that the borrower won't be able to return the capital, and the expected decline in the capital's real worth due to inflation throughout the course of the loan are the three key elements that affect long-term interest rates.
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type of value that recognizes the cost to replace the improvements but does not include the land value is the
Insurance Value is a type of value that recognizes the cost to replace the improvements but does not include the land value.
Insurance Value: It is the sum roughly equivalent to the insured property's real replacement cost. Making sure that an insurance policy effectively protects and covers the value of a property (in this case, a building) in the event of a partial or entire loss is a key principle used in Insurance Value.
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Evidence concerning the proper segregation of duties for receiving and depositing cash receipts ordinarily is obtained by?
Evidence concerning the proper segregation of duties for receiving and depositing cash receipts ordinarily is obtained by the auditor from observation.
The amount of money received during a transaction involving the transfer of cash or cash equivalents is acknowledged in writing on a cash receipt. The original copy of the cash receipt is provided to the buyer, and the seller keeps the backup copy for record-keeping purposes.
Cash receipts serve as the official record of each sale your company makes. A copy of the cash receipt is given to the consumer as proof of purchase, and a second copy is retained by the company that performed the sale.
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schrand aerobics, inc., rents studio space (including a sound system) and specializes in offering aerobics classes. on january 1, 2019, its beginning account balances are as follows: cash, $5,000; accounts receivable, $5,200; equipment, $0; notes payable, $2,500; accounts payable, $1,000; common stock, $5,500; retained earnings, $1,200; services revenue, $0; rent expense, $0; advertising expense, $0; wages expense, $0; utilities expense, $0; interest expense, $0.
Schrand Aerobics, Inc.
a. Journal Entries:
Debit Accounts Payable $600
Credit Cash $600
To record the payment of cash.
Debit Rent $3,600
Credit Cash $3,600
To record the payment of cash.
Debit Accounts Receivable $11,500
Credit Service Revenue $11,500
Record the billing of clients.
Debit Advertising $500
Credit Accounts Payable $500
To record advertising promotion
Debit Cash $10,000
Credit Accounts receivable $10,000
To record the receipt of cash.
Debit Wages $2,400
Credit Cash $2,400
To record the payment of cash
Debit Utilities $680
Credit Accounts Payable $680
To record utility expenses.
Debit Interest $20
Credit Cash $20
Record the payment of interest on notes payable.
Debit Retained Earnings $900
Credit Cash $900
To record the payment of dividends.
Debit Equipment $4,000
Credit Cash $4,000
To record the payment for the purchase of sound equipment.
b. T-Accounts:
Cash
Description Debit Credit Balance
Balance $5,000
Accounts payable $600 4,400
Rent 3,600 800
Accounts receivable 10,000 10,800
Wages 2,400 8,400
Interest 20 8,380
Dividend 900 7,480
Equipment 4,000 3,480
Accounts Receivable
Description Debit Credit Balance
Balance $5,200
Service Revenue 11,500 16,700
Cash 10,000 6,700
Equipment
Description Debit Credit Balance
Cash $4,000 $4,000
Notes Payable
Description Debit Credit Balance
Balance $2,500
Accounts Payable
Description Debit Credit Balance
Balance $1,000
Cash $600 400
Advertising $500 900
Utilities 680 1,580
Common Stock
Description Debit Credit Balance
Balance $5,500
Retained Earnings
Description Debit Credit Balance
Balance $1,200
Dividends $900 300
Services Revenue
Description Debit Credit Balance
Accounts receivable $11,500 $11,500
Rent Expense
Description Debit Credit Balance
Cash $3,600 $3,600
Advertising Expense
Description Debit Credit Balance
Accounts payable $500 $500
Wages Expense
Description Debit Credit Balance
Cash $2,400 $2,400
Utility Expense
Description Debit Credit Balance
Utilities payable $680 $680
Interest Expense
Description Debit Credit Balance
Cash $20 $20
Journal entries record the transactions initially with debit and credit to the accounts affected.
The T-accounts are the general ledger accounts where transactions are summarized and a balance for each account is obtained.
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in the process of market segmentation, which of the following is the step that comes after grouping customers with similar need sets?
Answer:
D
Explanation:
Most products in developed economies fulfill more than one need.
As sheet metal stock thickness increases the clearance between punch and die should:_________
The clearance between the punch and die should expand as the thickness of the sheet metal material does as well.
The thicknesses of sheet metal range from 0.5 mm to 6 mm. The metal plate is anything above that. The thin sheet metal is easy to fabricate and has a high degree of strength. For instance, a stainless steel sheet with a gauge of 14 is thicker than one with a gauge of 20. A lot of sheet metal producers use steel that is 8 gauge or thinner. Steel that is thicker than that is known as plate metal and is no longer referred to as sheet metal. Clearance is the additional space needed in the die's hole for the punch to fit through and puncture the material. To properly pierce a well-made hole, the punch and die must have the proper amount of clearance. A big burr on the die side and additional rollover distortion where the punch penetrates the material are the effects of excessive punch and die clearance. Therefore, the material's characteristics and thickness are the key determinants of the clearance value. The die clearance value increases with the material's hardness or thickness.
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For the fall semester, you had to pay a nonrefundable fee of $900 for your meal plan, which gives you up to 150 meals. if you eat 100 meals, your marginal cost of the 100th meal is?
If you eat 100 meals, your marginal cost of the 100th meal is $9.
Given,
Nonrefundable fee = $900
The number of meals that can be eaten with the meal plan = 150
The number of meals ate = 100
The marginal cost of the 100th meal is calculated below:
Marginal cost of a meal = Total amount paid for the semester meal plan / Total number of meals taken.
= $900/100
= $9
Hence, the marginal cost of the 100th meal is $9.
Marginal cost is referred to as the increase or decrease in the cost of producing one more unit or serving one more customer from the unit.
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cvs is the largest pharmacy retailer in the united states with more than 9,600 stores—to sustain its competitive advantage, it uses a strategy of locational excellence, which means it
With more than 9600 locations, CVS is the largest pharmacy retailer in the United States. To maintain its competitive advantage, it employs a locational excellence strategy here CVS is Conveniently Positioning itself in high-traffic areas.
More about Positioning:
Positioning is a term used to describe how a brand is perceived by consumers, how it stands out from that of competitors' products, and how it differs from the idea of brand awareness.
Companies can use the marketing mix to position their products or brands by emphasising their distinctive qualities (what their brand is, what it does, how it does it, etc.), or they can attempt to project the right image (cheap or expensive, utilitarian or luxurious, entry-level or high-end, etc.) through their branding strategies, it helps a company to build a competitive environment. It can be challenging to reposition a brand once it has established a solid position.
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If preliminary net income is defined as revenues - expenses based on the unadjusted trial balance, what is nicole's spa preliminary net income?
If preliminary net income is defined as revenues - charges based totally on the unadjusted trial stability, Nicole's spa initial internet profits: once the entirety is adjusted, you subtract charges, such as taxes, out of your gross profits to derive your internet earnings.
In business and accounting, net income is an entity's income minus the value of goods bought, prices, depreciation and amortization, hobby, and taxes for an accounting length. internet income refers to the quantity a person or commercial enterprise makes after deducting expenses, allowances and taxes. In commerce, internet income is what the enterprise has left over in spite of everything costs, along with salary and wages, cost of products or raw material and taxes.
To calculate net income, subtract your business charges from your total sales. This gives you a photo of your enterprise's profitability — this is, how lots you're incomes after paying to operate your commercial enterprise. net income is from time to time called net income, internet income, or “the lowest line.”
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Do-yun has just joined a law firm as its purchasing agent for all supplies, equipment, and service contracts. In his previous position at another company, do-yun could make decisions for any purchase up to $1 million; however, at the new law firm, he can only make decisions for purchases less than $500,000. Recently, do-yun has been working with a sales representative from a computer software firm on a contract for a new program to process the firm’s billing statements. Do-yun signs the contract, even though it is for $950,000. In this case, do-yun _______ part of the market for the software because _______.
The fill in the blanks is : is not and Do-yun does not have the authority to purchases
Service contracts are agreements between a consumer or client and the person or company providing the services. For instance, a working relationship between a contractor and a homeowner could be described in a service contract. Or, a formal agreement could be formed through a contract between a company and a high-ranking employee regarding that employee's pay and working conditions (i.e., the rules under which they are employed): The corporation has reduced service agreements for its executive directors to one year's notice. Service agreements ensure that your equipment is kept in good condition, minimizing future breakdowns and reducing the chance of rushing to schedule an emergency restoration after a power outage.
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a hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. in this example, the hedge fund is .
A hedge fund purchased credit score default swaps on securities it did no longer own as it believed that the securities have been probably to default. in this situation, the hedge fund is Speculating.
Securities are fungible and tradable financial instruments used to elevate capital in public and personal markets. There are mainly three sorts of securities: fairness—which provides ownership rights to holders; debt—essentially loans repaid with periodic payments; and hybrids—which integrate factors of debt and equity.
Security is a tradable financial asset. The term normally refers to any shape of the economic tool, however, its criminal definition varies by means of jurisdiction. shares, bonds, desired shares, and ETFs are some of the most not unusual examples of marketable securities. cash market instruments, futures, options, and hedge fund investments can also be marketable securities. stocks, bonds, desired stocks, and ETFs are many of the maximum commonplace examples of marketable securities. cash marketplace devices, futures, options, and hedge fund investments can also be marketable securities.
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the major forces in consumerism are individual consumer advocates and organizations, consumer education programs, and
The primary or major forces in consumerism are individual consumer advocates and organizations, consumer education programs, and consumer laws related thereto. Therefore, the option B holds true.
What is the significance of consumerism?Consumerism can be referred to or considered as a phenomenon wherein a person is bound to work towards the protection of the interests of consumers in an economy. The protection of consumer interests is provided under the consumer laws and regulations.
Therefore, option B holds true and states regarding the significance of consumerism.
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The missing options to the question have been added below for better reference.
A. consumer interests
B. Consumer laws
C. forces of demand and supply
D. All of these
What arguments can you give for supporting socialist organization of a family and a market-based organization of the economy?
In a socialist organization family, the governing body decides on economic operations while taking the requirements of the populace into account.
Market-based organizations are structures where economic activity is determined by market forces.
In a socialist organization, the family head determines who gets what, and needs are distributed based on their preferences. In light of the socialist organization family's focus on the welfare of its members, I would support it.
In a Market based organization, the market forces are taken into account by the board of directors when making decisions. Self-interest is the main issue here because many economists think that pursuing one's own interests might advance the national interest. The company, which is market-based, deals with own problems without considering others.
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british government 4% perpetuities once paid £4 interest each year forever. another bond, 2.5% perpetuities, paid £2.50 a year forever.
4% perpetuity paying £4 means Face value = £100
value of perpetuity = Cash flow/rate
Value at 6%= 4/0.06=£66.67
b) Value of 2.50 at 6%
=2.5/0.06=£41.67
What is perpetuity?
In the financial system, perpetuity refers to a circumstance in which a stream of cash flow payments lasts forever or is an unending annuity. Perpetuities are employed in valuation studies to determine a company's terminal value and the present value of its predicted future cash flow stream. A perpetuity is essentially a chain of cash flows that never stop.
Perpetuity's Finite Present Value
A perpetuity has an unlimited total value, but it has a finite current value. The discounted annuity value of each annuity is added up and decreased by each period until it approaches zero to get the present value of an endless stream of cash flows.
If a corporation keeps performing at the same rate, an analyst may calculate its precise worth using the finite present value of perpetuity.
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the shape of argentina's production possibilities frontier (ppf) should reflect the fact that as argentina produces more cars and fewer trucks, the opportunity cost of producing each additional car
Remember that the same set of resources can be used to make both tablets and smartphones. This means that if Argentina decides to create more smartphones and fewer tablets, the resources utilized to make the additional smartphones will be just as well suited to smartphone production as the resources presently employed in smartphone production. When a result, as more smartphones are created, the opportunity cost of generating each additional smartphone remains constant.
The opportunity cost of making cellphones is reflected in the curvature of bowed-out PPFs. Producing one additional tablet entails giving up fewer smartphones in flatter places. In hilly places, however, generating an additional tablet necessitates giving up more smartphones. In other words, as you move along the PPF, the opportunity cost of creating tablets changes.The opportunity cost of making tablets is constant in linear PPFs and is reflected in the slope of the PPF. If the PPF is flatter, creating an additional tablet necessitates the sacrifice of fewer cellphones. If the PPF is higher, creating an additional tablet necessitates the sacrifice of more cellphones.Because the opportunity cost of making additional tablets remains constant when more resources are allocated to tablet manufacture, the PPF must be linear in this scenario. As a result, Graph 1 best reflects Argentina's trade-off between generating tablets and smartphones.Thus, this is the meaning of Argentina's Production Possibilities frontier (PPF).
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If you compute the price elasticity of demand using a quantity of tickets from 1 to 8 and using a quantity of tickets from 1,000 to 8,000, the value of the price elasticity of demand is.
If you compute the price elasticity of demand using a number of tickets from 1 to 8 and using a number of tickets from 1,000 to 8,000, the value of the price elasticity of demand is the same because the percentage change in quantity will remain the same.
The relationship between the percentage change in a product's quantity demanded and the percentage change in price is known as price elasticity of demand. It helps economists comprehend how supply and demand shift in response to changes in a product's price.
Price elasticity quantifies how responsively a good's supply and demand are to changes in price. It is calculated by dividing by the percentage change in price the percentage change in quantity demanded—or delivered.
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Given an eoq model with shortages in which annual demand is 4200 units, co = $160, cc = $7 per unit per year, and cs = $25, what is the total annual shortage cost?
The total shortage cost is $296.75
The optimal order quantity to reduce inventory expenses, such as holding costs, shortage costs, and order costs is called an economic order quantity, or EOQ.
Q= 2DS/H
where:
Q=EOQ units
D=Demand in units (typically on an annual basis)
S=Order cost (per purchase order)
H=Holding costs (per unit, per year)
What Is Economic Order Quantity (EOQ)?
The best order amount for a corporation to minimise the overall costs associated with ordering, receiving, and retaining inventory is known as the economic order quantity (EOQ).The optimal circumstances for using the EOQ formula are those in which demand, ordering, and holding costs are stable across time.The assumption that the demand for the company's products will remain constant over time is one of the key limits of the economic order quantity.The EOQ formula's objective is to determine the ideal quantity of product units to order. If accomplished, a business can reduce the cost of purchasing, distributing, and storing units. Various production levels or order intervals can be determined using the EOQ formula, and businesses with extensive supply chains and significant variable costs employ an algorithm in their planning.To know more about EOQ example visit:
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