As the supply of compact disc players has increased over the years and the price of compact disc players has dropped, the _____.
a. demand for compact disc players has increased.
b. demand for compact disc players has decreased.
c. quantity demanded of compact disc players has increased.
d. quantity demanded of compact disc players has decreased.
Answers
Answer:
The correct answer is option c.
Explanation:
An increase in the supply of compact disc players would cause the supply curve to shift to the right. This rightward shift in the supply curve would cause the price of compact discs to decline.
At lower prices, the consumers are consuming more of compact disc players. The quantity demanded of players has increased.
This is also evident through the given figure.
Final answer:
The correct answer is c. the quantity demanded of compact disc players has increased, reflecting the effect of increased supply and reduced prices on the number of units purchased, rather than an overall change in consumer demand.
Explanation:
Given the increase in the supply of compact disc players and the resulting drop in price, the correct answer is c. the quantity demanded of compact disc players has increased. This is because when the supply of a product increases and its price goes down, more of the products are purchased at the lower price, reflecting an increase in quantity demanded, not necessarily an increase in demand itself. Demand refers to the willingness and ability of consumers to purchase a quantity of a good at a variety of prices. Quantity demanded specifically refers to the number of units demanded at a particular price.
Using the model of demand and supply, the fall in the price of a common household item like digital cameras due to increased supply leads to an increase in the quantity demanded. For example, the increased use of digital cameras for various purposes, alongside rising incomes, can also shift the demand curve to the right, potentially increasing the quantity demanded further. Nevertheless, when we observe a fall in equilibrium price and an increase in equilibrium quantity, it is clear that the increase in supply has been more significant than any increase in demand.
Related Questions
Jamie is looking for a new job. She used to be the top sales representative for the region and was expecting to be promoted. However, one of the regional manager's golfing buddies was promoted to district manager instead. Jamie's dissatisfaction with her current job stems from a breakdown in the ________ relationship.A) effort-performance.B) effort-satisfaction.C) performance-reward,D) rewards-personal goals.E) personal goal-self actualization
Answers
Answer:
C) performance-reward
Explanation:
EXPECTANCY THEORY -
According to this theory , it argument regarding the tendency to act in a particular way is dependent on the strength of the expectation .
This theory focus on three major relationships , i.e. ,
Effort-performance relationship Performance - reward relationship Rewards - personal goals relationshipPerformance - reward relationship -
It is the degree to which the particular person believes , as performing at the particular level will lead to the desired expectations or outcomes of the employer .
Hence , from the question information ,
The correct term for the given statement is Performance - reward relationship .
If a physical count of inventory indicates that the Merchandise Inventory account is overstated, an adjusting entry is required to record the difference. Assume a perpetual inventory system is used.
True or False?
Answers
Answer:
The correct answer is True.
Explanation:
Once you count all the products in the inventory once a year, you may have decided to count some products more frequently, perhaps because they are more valuable or because they fluctuate very quickly and form a large part of the business. To this end, you can assign special count periods to those items. For more information, see Perform the cyclic count.
If it is necessary to adjust the recorded inventory quantities, for counting or other reasons, you can use a product journal to change the inventory accounting entries without recording business transactions. Alternatively, you can adjust a single item on the item card.
If you need to change the attributes of the product accounting entries, you can use the product reclassification journal. Typical attributes to reclassify include dimensions and campaign codes, although it also performs "system transfers" by reclassifying location and warehouse codes. Special steps apply when you want to reclassify serial or lot numbers, and their expiration dates.
Items for which prices are comparatively stable and likely to be quoted on a list-price-less-discounts basis are called:
Group of answer choices sensitive commodities.
raw materials.
special items.
standard production items.
small value items.
Answers
Answer: The correct answer is "standard production items".
Explanation: Items for which prices are comparatively stable and likely to be quoted on a list-price-less-discounts basis are called: standard production items.
These standard production items are those that are obtained from countless sources in an easy way, generally the prices of these items are obtained from online catalogs and although prices may vary it is rare since they are quite moderate.
Zara is the publisher of "Luxe Ladies Magazine," which is a publication targeted to Millennial and Gen Z women. Because it is a small, new publication, some of the larger bookstores, convenience stores, and newsstands are not agreeing to distribute the magazine. Zara is very concerned by this trend, because she believes that her publication, like most magazines, needs ____________ distribution in order to succeed.
Answers
Answer:
Intensive.
Explanation:
An intense distribution marketing strategy is one that helps an organization sell its products or services at a large number of points of sale, so that it is easy to reach its potential audience. Generally in this strategy of intense distribution the points of sale are chosen in locations with easy access where there is a lot of people, such as supermarkets, drugstores and gas stations.
Answer:
Intensive distribution
Explanation:
Intensive distribution refers to trying to sell a product or service using the largest possible number of outlets. For example, convenience goods are intensively distributed, e.g. cold drinks, candy, magazines, etc.
The idea behind intensive distribution is that the products are widely available and consumers can buy them very easily and with minimal effort.
Darren is the supervisor in a manufacturing facility that produces desks and chairs. Control of quality and output is his responsibility. To ensure that he is following the controlling process, after measuring the performance of his employees, he must _____, and then take any corrective action necessary.
compare measured performance to standardscreate the standardsmake changes to the organizationimplement influencing methodsidentify profitability standards
Answers
Answer:
compare measured performance to standards
Explanation:
Darren is in charge of quality control and that requires him to inspect, test and measure a sample unit of the products manufactured and compare it against the standard. He must check that the sample unit complies with all the specifications necessary for desks and chairs.
Brad and Kate received $9,500 for rent from Mike and Janet, who are renting their home in Santa Ana, California. Brad and Kate did not use this property for personal use. The rent covers eight months from August 1 of the current year to March 31 of the following year. The amount also includes a security deposit of $1,500. How much should Brad and Kate report as rental income in the current tax year?
a. $1,500
b. $5,000
c. $8,000
d. $9,500
Answers
Answer:
c. $8,000
Explanation:
The security deposit is usually refundable and NOT part of the rental income and, therefore, it should be deducted from the total amount received when reporting rental income for the tax year.
Thus, Brad and Kate should report $8,000 as rental income in the current tax year.
Jonas enters into an oral contract with Chelsea to lease his house to her for $100,000. Chelsea pays him $100,000 and moves in. A month later, Jonas learns that his state requires contracts for the lease of goods with payments of $1,000 or more to be in writing. Which of the following options does either party have?
Answers
Answer:
Both parties have to continue with the contract since it cannot be rescinded because it has already been executed, Chelsea is living in the house and Jonas received the money. Since they probably will need a written contract for tax purposes, they can sign a contract with the same terms.
Which of the following statements is true?
a A negative balance on the financial account is a financial account surplus.
b A positive balance on financial account is a financial account deficit.
c A positive balance on the financial account means a positive balance on the current account.
d A negative balance on the financial account means a negative balance on the current account.
e A positive balance on the financial account is a financial account surplus.
Answers
Final answer:
The correct statement is that a negative balance on the financial account is a financial account surplus.
Explanation:
The correct statement is a) A negative balance on the financial account is a financial account surplus.
A negative balance on the financial account means that a country is a net lender to the rest of the world, indicating a surplus. Conversely, a positive balance on the financial account means a country is a net borrower from the rest of the world, indicating a deficit.
The current account balance is different from the financial account balance and measures the trade balance, including the balance of goods, services, and income flows. The two balances can have opposite signs.
Suppose that last month, 1.00 U.S. dollar could purchase 0.75 euros, but this month it can purchase only 0.70 euros.
What do we say is happening to the value of the U.S. dollar and the euro?
Answers
Answer:
The value of dollar has depreciated while that of euro has appreciated.
Explanation:
The exchange rate for a currency is the rate at which it can be exchanged for another currency. It is the rate at which one currency can purchase another currency. If in the previous month the US dollar can purchase 0.75 euros then its exchange rate is $1 = 0.75 euros.
If this month a dollar can purchase only 0.70 euros, it implies that the euro is becoming expensive and the value of US dollars is decreasing.
In other words, we can say that US dollars are depreciating and euros is appreciating.
Money is
a. valuable because it is backed by gold.
b. whatever is generally accepted in exchange for goods and services.
c. anything that is a liability of a commercial bank
d. an object to be consumed.
Answers
Answer:
a)
Explanation:
money is a valuable because it is backed by gold
The Tragedy of the Commons will be evident when a growing number of sheep grazing on the town commons leads to the destruction of the grazing resource. To correct this problem, the town could _____.
a. allow individual shepherds to choose their own flock sizes.
b. internalize the externality by subsidizing the production of sheep's wool.
c. auction off a limited number of sheep-grazing permits.
d. wait until the market corrects the problem.
Answers
The town could auction off a limited number of sheep-grazing permits to solve the problem.
What is a Tragedy of the Commons?This refers to a situation where people with free access to a public resource acts in their own interest and deplete such resource.
In order to prevent these commons tragedy, there will be need for the town officials to auction off a limited number of sheep-grazing permits to solve the problem.
Therefore, the Option C is correct.
Read more about Tragedy of the Commons
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At the supermarket checkout line, you place a bar between your groceries and the groceries of a person behind you, which is an example of __________.
a. central markers
b. land markers
c. space markers
d. boundary markers
Answers
Answer:
Letter d is correct. Boundary markers.
Explanation:
Boundary markers are physical markers to identify boundaries, the alteration or the beginning of a boundary. They emerged as a form of social hierarchy to declare boundaries over a land space.
There are several types of boundary markers, they can be described as pillars, obelisks, corners and contour trees. The purpose of these boundary markers is according to Josiah Ober "a way to impose human, cultural and social meanings on a once undifferentiated natural environment."
Cargo, such as trucks, that cannot be containerized because it is too large and won't fit in a traditional container or because it exceeds the maximum weight of a container load is called_______
A. loose cargo
B. LCL cargo
C. breakbulk cargo
D. moderated cargo
E. project cargo
Answers
Answer:
C. breakbulk cargo
Explanation:
Based on the information provided within the question it can be said that this type of cargo is called breakbulk cargo. Like mentioned in the question, this type simply refers to general cargo that does not fit into traditional shipping containers or cargo bins, or exceeds the weight maximum for containers and must be shipped separately. Such cargo can include oversized vehicles, boats, cranes, turbine blades, ship propellers, generators, or even large engines.
C. breakbulk cargo
heh hope i helped
Spielberg Inc. signed a $170,000 noninterest-bearing note due in five years from a production company eager to do business. Comparable borrowings have carried an 11% interest rate. What is the value of this debt at its inception?
A. $210,900B. $190,000C. $112,755D. $101,582
Answers
Answer:
$100,890
Explanation:
To determine the value of the debt we must calculate the present value of the note:
present value = future value of the note / (1 + interest rate)⁵
present value = $170,000 / (1 + 11%)⁵ = $170,000 / 1.11⁵ = $170,000 / 1.685
present value = $100,890
Recently, a high-level manager at Trophy Trinkets noted a rise in customer satisfaction complaints. This rise is inconsistent with Trophy's goals in this area. This manager has identified a(n):_________
a. need for change.
b. swot analysis.
c. environmental opportunity.
d. behavioral occurrence.
e. critical incident.
Answers
Answer:
a. need for change.
Explanation:
Based on the information provided within the question it can be said that the manager has identified a need for change. This is because since the complaints are going against what Trophy Trinkets has set as goals, then they need to make specific changes in the area of customer service in order to address the complaints, as well as prevent new complaints from coming in. This would allow Trophy Trinkets to hopefully meet their goals.
A single parcel is valued at $450,000. Zoning allows it to be subdivided into 8 lots and it is estimated that each lot could sell for $50,000. Site development costs (sewer, grading, road, etc.) would cost $50,000. What is the highest and best use?
Answers
Answer:
Selling the single parcel without dividing it into lots
Explanation:
There are three possible uses for the parcel: selling the parcel, selling the lots without development, and selling the lots with development.
Selling the parcel would earn $450,000
Selling the lots without incurring in development costs:
8 lots x $50,000 selling price per lot = $400,000
Selling the lots while incurring in development costs:
$400,000 - $50,000 = $350,000.
Therefore, the best option is to sell the single parcel, without dividing it into lots.
Which of the following describes the products and services of companies that are price-setters?
A. They tend to be unique.
B. They are priced by managers using a target-costing emphasis.
C. They tend to be commodities.
D. They tend to have a lot of competitors.
Answers
Final answer:
Price-setters generally provide unique products and services, enabling them to have control over their pricing strategies, as opposed to being dictated by market forces. Thus, the correct answer is that price-setters' products and services tend to be unique.
Explanation:
Companies that are price-setters typically offer products and services that are unique, allowing them to set prices comparatively higher than in a perfectly competitive market. These companies have market power, potentially due to factors such as economies of scale, high barriers to entry, or owning exclusive resources. As a result, price-setters can charge more than their marginal cost, unlike in pure competition where firms are price-takers and products tend to be commoditized with little differentiation.
In the context of the given options, price-setters are associated with the following characteristics:
They tend to offer products that are unique.They price their products with an emphasis on targeting cost plus a desired profit margin, rather than being guided strictly by market prices.They are not generally operating in markets with a large number of competitors offering indistinguishable products.Hence, the correct answer is A. They tend to be unique.
George's firm contracts to provide risk management services for a wide range of smaller companies that cannot provide the service for themselves. One of George's responsibilities at the end of each month is to review the threats encountered by the companies and put them into the appropriate categories.
Answers
Answer:
Extortion
Explanation:
Here is the complete paragraph
George's firm contracts to provide risk management services for a wide range of smaller companies that cannot provide the service for themselves. One of George's responsibilities at the end of each month is to review the threats encountered by the companies and put them into the appropriate categories.
One of his firm's clients details an incident in which a hacker — a former employee — thieved trade secrets from the client and threatened to release them to the competition if he was not paid. In which of the following categories should George place this incident?
On March 1, Green went to Easy Car Sales to buy a car. Green spoke to a salesperson and agreed to buy a car that Easy had in its showroom. On March 5, Green made a $500 down payment and signed a security agreement to secure the payment of the balance of the purchase price. On March 10, Green picked up the car. On March 15, Easy filed the security agreement. On what date did Easy’s security interest attach?
a. March 1.
b. March 5.
c. March 10.
d. March 15
Answers
Answer:
C: March 10
Explanation:
In this scenario he signed the security agreement on the 5th of March, picked up the car on the 10th of March, and filed the security agreement on the 15th of March.
Even though he signed the agreement on the 5th of March (which would be believed is the day that the security interest is attached), he only took it into his possession on the 10th. Only once you take the car into your possession does the security interest attach, since it is no longer in the possession of the car dealer.
Final answer:
The security interest of Easy Car Sales attached on c. March 10 when Green made the down payment and signed the security agreement.
Explanation:
The security interest of Easy Car Sales attached on March 5. This is the date when Green made a $500 down payment and signed the security agreement to secure the payment of the balance of the purchase price. The security interest attaches when the debtor signs the security agreement, which occurred on March 5 in this case.
He signed the agreement on March 5th, which is thought to be the date the security interest is attached, but he didn't actually take possession of it until March 10th. Since the car is no longer in the car dealer's ownership, the security interest only becomes attached when you have the vehicle.
An organization may convert from an old system to a new system by choosing to run both the old and new systems at the same time until the new system is fully accepted. This is known as __________.
Answers
Answer:list
Explanation:
Q 11.19: Clayworks Corporation issued 300,000 shares of $5 par value common stock for $26 per share. During that year, the corporation sustained a net loss of $80,000. The year-end balance sheet would show
Answers
Answer:
The amount which the year end balance sheet will show Common stock of $1,500,000
Explanation:
As the corporation issued the 30,000 shares at the rate of $5 par value. So, the common stock is of:
= Number of shares × Price per share
where
Number of shares is 300,000
Price per share is $5
So, putting the values in the above:
= 300,000 × $5
= $1,500,000
Carlyle Corporation reported net income of $360,000 and paid dividends of $125,000 on its common stock and $50,000 on its preferred stock. Common stockholders’ equity was $1,600,000 at the start of the year and $2,000,000 at the end of the year. Total assets were $2,200,000 at the start of the year and $2,600,000 at the end of the year. What is the company’s payout ratio? Group of answer choices
Answers
Answer:
0.347
Explanation:
Data provided in the question:
Net income = $360,000
Dividends paid on common stock = $125,000
Dividends paid on preferred stock = $50,000
Common stockholders’ equity at the start of the year = $1,600,000
Common stockholders’ equity at the end of the year = $2,000,000
Now,
Payout ratio
= ( cash dividends declared to common stockholders ) ÷ ( Net income )
= $125,000 ÷ $360,000
= 0.347
Suppose Juniper Natural Dyes, Inc., had sales of $ 220 comma 000 and estimated refund liability of $ 16 comma 000. Cost of goods sold was $ 110 comma 000. How much gross profit did Juniper Natural Dyes, Inc., report?
Answers
Answer:
$94,000
Explanation:
Given:
Sales = $220,000
Sales return (refund liability) = $16,000
Cost of goods sold = $110,000
Now,
Net sales = Sales - Sales return
Net sales = $220,000 - $16,000
Net sales = $204,000
Gross profit can be calculated as:
Gross profit = Net sales - Cost of goods sold
Gross profit = $204,000 - $110,000
Gross profit = $94,000
In terms of innovation streams, what ____ occurred when customers purchased flat-screen computer monitors to replace the older, bulkier monitors.
Answers
Answer:
Technological substitution.
Explanation:
Technological substitution is basically the substitute to another option product of technology.
Richard Anderson, an entrepreneur residing in Arizona, noticed that many of his friends and neighbors complained of the intense heat during the summer months. In order to make the heat more bearable, Anderson developed and marketed a simple cooling system that sprayed a fine mist of water into the air. The system attached easily to patio roofs, backyard fences, and even golf carts. Since introducing the product on the market, Anderson has discovered that relatively large changes in the price of the system lead to relatively small changes in demand for his product. The demand for Anderson's product is:
Answers
Answer:
Inelastic
Explanation:
When the price elasticity of demand (PED) is lower than 1, the demand is said to be inelastic. This means that a 1% increase in the price of a good or service will result in a proportionally smaller reduction of the quantity demanded. The formula for calculating price elasticity of demand is:
PED = % of change in quantity / % of change in price
For example, if the price of gasoline increases by 5% but the quantity demanded for gasoline decreases only by 2%, the PED = 2% / 5% = 0.4, therefore the demand for gasoline is inelastic.
LO 3 Chad's Chocolates is considering the purchase of a new candy press. The machine under consideration costs $17,550 and would generate $2,650 in annual savings of direct labor costs over its 20-year life. At the end of 20 years, the press could be sold for $500. Chad's required rate of return is 16%. What is the machine's net present value?
A) $1,813
B) $(1,813)
C) $(1,839)
D) $(1,339)
Answers
Answer:
B) $(1,813)
Explanation:
Initial investment = 17,550
Annual cashflows = 2,650
Terminal Cashflow = 500
You can solve for NPV using financial calculator with the following inputs;
CF0= -17,550
C01 = 2,650
F01 (Frequency) = 19
C02 = 2,650 + 500 = 3,150
I=16%
Net present value; NPV = -1,812.879 or -1,813 rounded off to the nearest whole number.
The pizza delivery industry is monopolistically competitive. Little Joe's Pizzeria raises its prices by 10%, but all the other pizzerias in town keep their prices the same. Which of the following is most likely to occur?
a) Little Joe's Pizzeria will not be able to sell any pizzas, since it was the only firm to raise its price
b) Little Joe's Pizzeria profits will increase
c) Little Joe's Pizzeria will lose some of its customers
d) the number of customers served by Little Joe's Pizzeria will increase
Answers
Answer:
Option (C) is correct.
Explanation:
It was given that pizza industry is under the conditions of monopolistically competitive industry. The firms under monopolistic competitive industry are selling the similar products but these products are not perfect substitutes and the decision made by one firm do not affect directly the decision made by other firms in the industry.
Little Joe's raises the prices by 10%, so as a result demand for his pizza decreases because some of the individuals won't be able to afford that price. Hence, Little Joe's Pizzeria will lose some of its customers.
Final answer:
In a monopolistically competitive market like pizza delivery, Little Joe's Pizzeria will likely lose some of its customers if it raises its prices by 10% while competitors maintain their prices.
Explanation:
In a monopolistically competitive industry like pizza delivery, where Little Joe's Pizzeria operates, firms have some market power due to product differentiation, but there are many close substitutes available. If Little Joe's Pizzeria decides to raise its prices by 10% while all other pizzerias keep their prices the same, it's most likely that Little Joe's Pizzeria will lose some of its customers to competitors.
This outcome is because customers can easily switch to other pizzerias that offer similar products at a lower price. The loss of customers would occur even with differentiated products, as price differences are significant enough to drive consumers to look for alternatives. This tendency aligns with the concept of a firm's perceived demand curve in monopolistic competition, which is downward sloping—indicating that as prices increase, quantity demanded decreases.
When the Writers Guild of America went on strike in 2007-2008, the union and studios met with a third party who helped continue negotiations and made suggestions for resolving the issues. While the union and studios benefited from considering the suggestions, they were not bound to follow them. This form of negotiation is called
Answers
Answer:
mediation
Explanation:
The Writers Guild of America and the film studios used a mediator when they started their negotiations. The mediator is an impartial third party that is present during the negotiations and tries to help both parties reach an agreement or settlement. The decisions taken by the mediator are not mutually binding so any party can accept or reject them. A mediator only helps to solve the problem, offers possible solutions, but shouldn't decide anything.
In order for the decisions taken by the third to be binding, the third party must be an arbitrator. In an arbitration process all parties involved must accept the decision of the arbitrator.
The following selected data are from a recent statement of cash flows: Net cash flow from operating activities $35,000 Net cash flow used for investing activities (20,000) Net cash flow from financing activities 60,000 Ending cash balance 100,000 What was the beginning cash balance? a.$75,000 b.$(25,000) c.$65,000 d.$25,000
Answers
Answer:
d.$25,000
Explanation:
Amount ($)
Cash provided by operating activities 35,000
Cash used by investing activities (20,000)
Cash used by financing activities 60,000
Net Increase (Decrease) in cash balance (a) 75,000
Cash at the beginning of the year (c=b-a) 25,000
Cash at the end of the year (b) 100,000
The beginning cash balance is $25,000
Mansfield Pharmaceuticals markets Zipro, an antibiotic. The firm has fixed costs of $1,000,000 and variable costs of $2 per bottle of 50 tablets priced at $10 per bottle. What is the break-even volume?
Answers
Answer:
Break-even volume is 125,000 bottles
Explanation:
The formula for break-even quantity (BEQ) is given by:
BEQ = FC / (P - VC)
Where:
FC = fixed costP = priceVC = variable costPlug in the numbers we got
BEQ = 1,000,000 / (10 - 2) = 125,000
So to break even Mansfield Pharmaceuticals needs to sell 125,000 bottles of Zipro