The marginal seller is the seller who
a. cannot compete with the other sellers in the market.
b. would leave the market first if the price were any lower.
c. can produce at the lowest cost.
d. has the largest producer surplus."

Answers

Answer 1

Answer:

b. would leave the market first if the price were any lower.

Explanation:

In the market, the producer always sells more than the economic cost ( raw materials and labor cost) that he bears during production. The marginal seller means that the seller earns zero economic profit ( producer surplus) i.e. an economic cost equals the selling price. So if the price falls then the marginal seller would leave the market first because he will be indifferent when earns the zero economic profit but when the price falls he would leave the market.


Related Questions

The responsibility report of Alejandro Garcia, the manager of one of the divisions of an auto parts manufacturing company, includes profits as well as return on investment and residual income. Alejandro is most likely the manager of a(n)_________.A. revenue center B. investment center C. cost center D. profit center

Answers

Answer:

B. investment center

Explanation:

Investment center is a business unit which contributes directly to the profitability of company using the capital the company provided.

Therefore, Alejandro is most likely the manager of a investment center.

Gary invested $1,000 in large U.S. stocks. This investment earned 15.05 percent in 2012, 33.35 percent in 2013, 11.50 percent in 2014, and 2.10 percent in 2015. What return did he earn in the average year during the 2012–2015 period?

Answers

Answer:

The answer is: Average return Gary earned is 14.97%.

Explanation:

Please find the below for detailed explanation and calculations:

The total increase of Gary's investment in large U.S. stocks from 2012 to 2015 is calculated as : (1+15.05%) x (1+33.35%) x (1+11.50%) + (1+ 2.10%) = 1.747 times. That is, he will get 1,000 x 1.747 = $1,747 at the end of 2015.

The average return of Gary's investment in large U.S. stocks from 2012 to 2015 ( 4 year period) is: [ (The fourth root of 1.747) - 1] x 100% =14.97%.

Bonita Industries wishes to issue $6900000 (par value) of its 7%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 12%. Using the interest factors below, compute the amount that Bonita will realize from the sale (issuance) of the bonds.

Answers

Answer:

The amount that Bonita will realize from the sale is  $4,950,673.06  

Explanation:

Hi, first, we need to find the amount to be paid by the bond (coupon), that is 7%*$6,900,000=$483,000. Now, we can use the following formula.

[tex]Price=\frac{Coupon((1+YTM)^{n}-1) }{YTM(1+YTM)^{n} } +\frac{FaceValue}{(1+YTM)^{n} }[/tex]

Where:

YTM = 0.12

n = 10

Face Value = $6,900,000

Coupon = $483,000

Price = what Bonita

Therefore:

[tex]Price=\frac{483,000((1+0.12)^{10}-1) }{0.12(1+0.12)^{10} } +\frac{6,900,000}{(1+0.12)^{10} }=4,950,673.06[/tex]

Best of luck.

If your content is focused on the different solutions to your buyer persona’s problem, where would that content fit into the buyer’s journey?A. AwarenessB. ConsiderationC. DecisionD. All of the above

Answers

Answer:

The answer is letter B

Explanation:

It would fit into the Consideration.

At the BMW plant in Spartanburg, South Carolina, rather than use a typical order-to-delivery process, it has suppliers deliver parts every four hours when the plant is in operation. BMW uses a ________ inventory control system.

Answers

Answer: JIT

Explanation:

The JIT inventory control system is one of the type of management strategy that hold the sufficient inventories for maximize the demand of the market.

The JIT inventory control system is also known as time inventory as it overall reduce the inventory amount in the business.

The main purpose of using the JIT inventory control system is that it improve the quality and productivity. This system is the the most cost-effective technique for holing the stocks.      

Therefore, JIT is the correct answer.

Anthony is in his senior year of college. He spends time creating a LinkedIn page so recruiters can more easily find him. He also goes to the university sponsored meet the firms" nights to become more acquainted with people in the corporate world. In this scenario, Anthony is investing in his"

Answers

Answer:

social capital

Explanation:

Social capital refers to your social relationships and the factors that may affect how you are perceived by your social group and how you interact with them.

In this case, since Anthony is about to graduate he wants to know some potential recruiters and/or fellow coworkers. When you graduate your world changes and the organization that you will work for becomes a very important part of your social environment and people have to learn to deal with the benefits and problems that come with such an important change.  

Kinsi Corporation manufactures three different products. All five of these products must pass through a stamping machine in its fabrication department. This machine is Kinsi's constrained resource. Kinsi would make the most profit if it produces the product that:

A. uses the lowest number of stamping machine hours.
B. generates the highest contribution margin per unit.
C. uses the highest number of stamping machine hours.
D. generates the highest contribution margin per stamping machine hour.

Answers

Answer:

D.

Explanation:

Based on the information provided within the question it can be said that the Kinsi would make the most profit if it produces the product that generates the highest contribution margin per stamping machine hour. In other words producing products that provide higher profits after discounting all the costs associated with production, for every machine hour of stamping.

A company wants to determine its reorder point (R). Demand is variable and the company wants to build a safety stock into R. If the average daily demand is 12, the lead time is 5 days, the desired z value is 1.96, and the standard deviation of usage during lead time is 3, which of the following is the desired value of R?

Answers

Answer:

66 units

Explanation:

Now lets do it part by part shall we,

(12 x 5) + (3 x 1.96)

12 x 5 = 60

3 x 1.96 = 5.88

Now to add it all up

60 + 5.88 = 65.88 = 66

Final answer:

The reorder point (R) is calculated using the formula R = Average daily demand x Lead time + Desired z value x Standard deviation of usage during lead time. Given an average daily demand of 12, a lead time of 5 days, a desired z value of 1.96, and a standard deviation of usage during lead time of 3, the reorder point equals about 66 units when rounded up to the nearest whole number.

Explanation:

The reorder point (R) of a company is calculated when the average daily demand, the lead time, the desired z value, and the standard deviation of usage during the lead time are known. The formula to calculate this is:

R = (Average daily demand x Lead time) + (Desired z value x Standard deviation of usage during lead time)

Using the values given: R = (12 units/day x 5 days) + (1.96 z value x 3 units) = 60 units + 5.88 units = 65.88 units

Therefore, the company's desired reorder point (R), including a safety stock, would approximately be 66 units when rounded up to the nearest whole number.

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Which of the following changes would bring the U.S. capital stock, currently below the Golden Rule level, closer to the steady-state, consumption-maximizing level?
- increasing the population growth rate
- increasing the saving rate
- increasing the rate of capital depreciation
- increasing the rate of technological progress

Answers

Answer:

The answer is increasing the saving rate

Explanation:

Increasing the saving rate.

A business practice associated with globalization involves businesses moving manufacturing and service centers to countries where labor is cheap. This practice is commonly known as:
A. Relocation
B. Restructuring
C. Economizing
D. Outsourcing

Answers

Answer:

Outsourcing.

Explanation:

Outsourcing is a process to get the work done from a foreign supplier at a cheaper rate without or minimum compromising on the quality of work. Outsourcing is done by companies of those countries, where labour rate is high or scarcity of labour in the national market. It also diverse the culture of companies. Work which are outsourced to other countries are mainly non fundamental and its role is to provide support to the core company.

The ________ method is simple to use and helps management think about the relationships between promotion spending, selling price, and profit per unit. It wrongly views sales as the cause of promotion rather than the result.

Answers

Answer:

Percentage-of-sales

Explanation:

The percentage of sales method is money related evaluating technique that organisations use to anticipate their business development on a yearly premise. They utilise this data to anticipate the measure of financing they have to gain to help achieve their objective. The key segment of this methodology is the development in organisation deals. This method is beneficial for the management to understand price, and profit evaluations.

_____, a type of transit advertising, are printed on high-grade cardboard and often varnished for weather resistance. They are most widely used on the side, rear, and front of a bus.

Answers

Answer: Outside Posters

Explanation:

OUTSIDE POSTERS is a type of transit advertising, that are printed on high-grade cardboard and often varnished for weather resistance. They are most widely used on the side, rear, and front of a bus.

The outside posters are well suited for external use and are easy to see as the characters of the write up are very visible. The outside posters are targeted at the consumers of the product as they are on their daily move.

What can serve as search engines, site reminders, or personal surfing assistants? a. Shopping and information agents b. Data-mining agents c. Heuristic-data agents d. Monitoring and surveillance agents

Answers

Answer:

The correct answer is A. Shopping and information agents

Explanation:

When a customer needs to acquire goods in the market, he needs the best information regarding those goods. That will allow you to optimize your purchases and act with good judgment.

If it is a minor purchase, the customer can do a market study. But when they are imported products, or when it comes to foreign trade operations, it is when it is more advisable to go to these professionals.

A purchasing agent acquires supplies and goods of all kinds for its customers, which can be individuals or companies. These clients need the goods to be able to develop their economic activity, but they are not aware of the market in a broad sense. That is why they resort to the figure of the purchasing agent, to do that work for him.

To carry out their functions, purchasing agents follow several steps:

First they evaluate all the possible suppliers, investigating their degree of reliability and seriousness in the commercial relations.They contact them, negotiating quantities and prices, to get the best possible product, at the best price. Sometimes they request a sample of the product, to present it to the customer. This will determine if it suits your needs or not. Manage the entire purchase chain, solving any problems that may arise, until the final delivery of the product takes place

Final answer:

Shopping and information agents act as search engines, site reminders, or personal surfing assistants, providing helpful online services to users.

Explanation:

Tools that can serve as search engines, site reminders, or personal surfing assistants are commonly referred to as shopping and information agents. These agents use software programs to help users find information online, keep track of websites for changes, and provide personalized services based on the user's browsing habits or preferences.

For example, a shopping agent might track the price of a product across different websites and notify the user when the price drops. This kind of technology is an integral part of the user experience on the web, and understanding how users interact with these tools is essential in the field of human factors psychology.

Daniel shares the details of a recent enjoyable trip to friends. The trip was arranged by a travel firm, and he recommends to his friends that they contact the same travel firm, noting the firm offers customized packages. Identify the media that best represents the communication by Daniel.

Answers

Answer:

earned media

Explanation:

Earned media is free publicity for a company. Since the company provided such a good service to Daniel, he is willing to tell his friends to use that same company when they plan a trip. Before we used to call this word of mouth publicity but since people now are more involved with social media than actual personal relations, the term has changed to earned media or online word of mouth.

This type of publicity is by far the most effective since Daniel's friends know that he is being sincere and that he probably had a very good time during his trip. No type of paid advertisement can match that.

Final answer:

The question primarily delves into the types of media used for communication. In Daniel's case, he either uses interpersonal (oral) communication or digital media, depending on the medium he uses to share his travel experience. His interaction also indirectly plays a role in advertising the travel firm's services.

Explanation:

In the context of Daniel sharing the details of his enjoyable trip arranged by a travel firm with his friends, the media that represents his communication could be considered as oral communication or interpersonal communication. Here, Daniel uses direct, face-to-face conversation to share his experience and recommendation. However, if Daniel opts to share this information over digital platforms such as social media, it could also be classified as digital media in the form of social networking.

It is also interesting to note that while the conversation seems informal and personal, it indirectly serves as a form of advertising for the travel firm and promotes their customized packages. This aligns with the concept of word-of-mouth marketing increasingly acknowledged in the business and media fields.

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Customer Insights, Inc. operates a facility that recruits 8 to 10 consumers and screens them on criteria such as relevance to the target segment or usage in a product category. What type of research is Customer Insights, Inc. engaging in?A. focus groupsB. copy testingC. online surveysD. sampling

Answers

Answer:

A) Focus groups

Explanation:

A focus group is a specific type of sample. The population sampled is not randomly selected, but conveniently selected. This means, that the participants of the focus group are picked specifically for qualities that the company seeks to evaluate.

In this example, the focus group size ranges from 8 to 10 participants, and each participant is selected depending on whether he or she has a relevant charateristic related to the target market or not.

For example, if the company sells golf clubs, the focus group will probably skew male, older, higher income, and most importantly: golf enthusiast.

Chan has been happily married to Mei Lin for the last five years and is very secure in their relationship. Over the last year, he has worked very hard to try to get a bonus and recognition from his job. According to Maslow, Chan has achieved the love level and is attempting to reach the _____ level.

Answers

Final answer:

According to Maslow's hierarchy of needs, Chan has achieved the love level and is now attempting to reach the respect level so the blank will be filled with the word respect.

Explanation:

According to Maslow's hierarchy of needs, the love level represents the need for belongingness and intimate relationships. Chan has achieved this level by being happily married to Mei Lin for the last five years. Now, he is attempting to reach the respect level, which refers to understanding another person's full potential and the realization of that potential.  It may be expressed in various ways, such as becoming an ideal husband, ideal parent, or in many other ways.

A company purchased manufacturing equipment 5 years ago for $50,000. Accumulated depreciation is currently $45,000 and the remaining useful life is 3 years. The equipment incurs annual operating costs of $30,000. The company is considering replacing the equipment. The new equipment will cost $75,000, have a useful life of 3 years, and is more efficient and, therefore, only costs $10,000 to operate each year. The vendor is willing to accept the old equipment with a trade-in allowance of $10,000. The company should

Answers

Answer:

The company should keep their old equipment because if they buy the new equipment their cash flow will decrease by $5,000

Explanation:

If the company keeps the old equipment their costs will be:

$30,000 x 3 years = $90,000

total costs =  $90,000

If the company buys the new equipment their costs will be:

equipment cost = $75,000 - $10,000 = $65,000

$10,000 x 3 years = $30,000

total costs =  $95,000

The Company should not replace the old equipment due to the decrease in net income of the amount of $5,000.

Total decrease in net income

Reduction in costs=(30,000-10,000)×3 years

Reduction in costs= $20,000 x 3 years

Reduction in cost= $60,000.

Total decrease in net income=($75,000) + 10,000 + 60,000

Total decrease in net income= ($5,000)

Based on the above calculation the Company should not replace the old equipment.

Inconclusion the Company should not replace the old equipment due to the decrease in net income of the amount of $5,000.

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If a prospective buyer intends to occupy a single-family home as a residence, the agent should realize this fact could have a direct bearing on_______________.

Answers

Answer:

damages, should the buyer default.

Explanation:

Prospective buyer is the one who intends to buy.

Agent is the one who provides the facility of making the deal feasible, for buyer as by providing options to buy, and finding deals within the reasonable price range.

In any case if the buyer makes any kind of default there will be damages which the agent will bear.

Thus, while making the deal the agent shall realize that these things can happen.

The ______ approach gives upper management a quick but thorough view of the organization via four indicators:
customer satisfaction,
internal processes,
innovation and improvement activities,
and financial measures.

Answers

Answer: Balanced scorecard

Explanation:

The balanced scorecard is referred to as the strategy administration management method. It is also known to be a semi structured report. It is foremost utilized by the employees i.e. managers of the organization in order to keep the records of implementation and enforcement of the activities, which are undertaken by their employees within the authority and control , so as to monitor the circumstances arising from this.

W. L. Gore is the company that created Gore-Tex among many other innovative products. W.L.Gore employees (known as associates) don’t have titles or bosses in the traditional sense. Instead, associates make commitments to work on projects that they believe are most worthy of their time. At W.L. Gore, few leaders are appointed; leaders simply emerge as needed by the other employees or the project itself. The Gore company more than likely adheres to the ____ theory of leadership.
a.Contingency
b.Normative
c.Strategic
d.Trait
e.Visionary

Answers

Answer:

a.Contingency

Explanation:

The Contingency theory of leadership is a theory that establishes that a leader is successful when the style used fits the situation. This theory states that the best leadership style is the one that best adapts to the context. So, the Gore company more than likely adheres to the contingency theory of leadership because their leaders are not chosen but emerge according to the project they are working on and by other employees.

The Gore company more than likely adheres to the Contingency theory of leadership. Hence the correct option is a.

W.L. Gore's approach to leadership aligns with the contingency theory. This theory emphasizes that effective leadership is contingent upon various factors, such as the specific situation, the nature of the task, and the characteristics of the followers. In the case of W.L. Gore, the absence of traditional titles and bosses reflects a flexible and situational leadership model.

Associates at Gore make commitments to projects based on their perceived value and relevance rather than following a predetermined hierarchical structure. This flexible and adaptive leadership approach allows leaders to emerge organically as needed, adapting to the dynamic nature of projects and employee expertise. The contingency theory recognizes the importance of tailoring leadership styles to fit the specific context and needs of the organization, which is evident in W.L. Gore's unique leadership philosophy. Hence the correct option is a.

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Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,000 units to 1,700 units. The tax decreases consumer surplus by $3,000 and decreases producer surplus by $4,400. The deadweight loss of the tax is
a. $200.
b. $400.
c. $600.
d. $1,200.

Answers

Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

= [tex]\frac{1}{2}[/tex] × Tax × (Original equilibrium quantity - New equilibrium quantity)

on substituting the respective values, we get

Deadweight loss = [tex]\frac{1}{2}[/tex] × 4 × (2,000 - 1,700)

or

Deadweight loss =  2 × (3)  = $600

Hence,

the correct answer is option (c) $600

The deadweight loss of the tax is $600. The correct answer is option c. $600.

Step 1

The deadweight loss (DWL) of a tax is the loss of economic efficiency that occurs when the tax causes the equilibrium quantity of a good to be reduced. The DWL can be calculated using the formula for the area of a triangle:

[tex]\[ \text{DWL} = \frac{1}{2} \times \text{Tax per unit} \times \text{Reduction in quantity} \][/tex]

Given:

- Tax per unit: $4

- Reduction in quantity: [tex]\( 2,000 - 1,700 = 300 \)[/tex]

Step 2

Calculation:

[tex]\[ \text{DWL} = \frac{1}{2} \times 4 \times 300 \][/tex]

[tex]\[ \text{DWL} = \frac{1}{2} \times 1,200 \][/tex]

[tex]\[ \text{DWL} = 600 \][/tex]

The deadweight loss represents the lost economic welfare due to the tax. It is calculated as half the product of the tax per unit and the reduction in the equilibrium quantity of the good. This calculation accounts for the area of the triangle formed by the reduction in quantity and the tax imposed.

Anderson Corporation has purchased a group of assets for $ 15,600. The assets and their relative market values are listed below.
Land: $7,400
Equipment: $2,600
Building: $3,400
Which of the following amounts would be debited to the Land​ account? (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
A: $4,467
B: $2,964
C: $3,900
D: $8,580

Answers

Answer:

D: $8,580

Explanation:

Land = $7,400*$ 15,600/13400

         = $8,580

Therefore, The amounts would be debited to the Land​ account is $8,580.

Final answer:

To determine the debit amount to the Land account when several assets are acquired for a lump sum, you need to proportionally distribute the total purchase price between the assets based on their market values. In this case, by proportionally distributing the $15,600 purchase price, we get a debit amount for the Land account of $8,615.

Explanation:

The key to solving this problem involves understanding proportionate distribution. When several assets are acquired for a lump sum, we divide the cost of each asset according to its market value. Here are the key steps:



Calculate the total market value of all assets, which is $7,400 (land) + $2,600 (equipment) + $3,400 (building) = $13,400.

Next, find the proportion of the market value of land to the total market value, which is $7,400 (land) / $13,400 (total) = 0.55223880597.

Lastly, apply this proportion to the purchase price to identify the amount debited to the Land account, which is $15,600 (total purchase price) * 0.55223880597 (proportion) = $8,614.92. After rounding to the nearest dollar, we get $8,615.



Unfortunately, none of the provided options matches this calculation. The answer is $8,615.

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In a garments factory, a part requires 0.10 hours of labor per unit in Work Center B and 1 hour of setup time. The planned order release (order size) for a week is 2000 units.
Which of the following is the capacity requirement for a week at Work Center B?
a. 101b. 151c. 201d. 251

Answers

Answer:

201 hours.

Explanation:

Given: Order size of work for a week is 2000 units.

          Setup time is 1 hour.

Now, lets calculate the capacity requirement for a week at work centre B.

Formula; Capacity= [tex][set\ up\ time+(labour\ per\ unit \times total\ unit\ of\ work)][/tex]

Substitute the value in the formula.

⇒Capacity= [tex][1+ (0.10 \times 2000)][/tex]

⇒ Capacity= [tex][1+(200)] = 201\ hours[/tex]

201 hours is the capacity requirement for a week at work centre B.

Which of the following best describes a fundamental assumption when monetary policy is used to influence the economy?
A. Financial markets are efficient.
B. Money is not neutral in the short run.
C. Official rates do not affect exchange rates.

Answers

Answer: Option B

                                           

Explanation: In simple words, money neutrality refers to the theory that states change in the stock of money will only result in change in nominal variables such as prices, wages etc and will have no impact on real variables such as employment, real GDP etc.

As we know that monetary policy is implemented usually in situation of inflation and deflation. Thus, it will be no use to implement it to position macroeconomic factors such as employment etc if the money is neutral in short run.

You are evaluating a project that will cost $500,000, but is expected to produce cash flows of $125,000 per year for 10 years, with the first cash flow in one year. Your cost of capital is 11% and your company’s preferred payback period is three years or less.
1. What is the payback period of this project?
2. Should you take the project if you want to increase the value of the company?

Answers

Answer:

1. 4 years

2. No

Explanation:

Payback period calculates the amount of time to recoup the total investment made on a project. It calculates how long the cash flows generated from a project would cover the cost of the project.

The cost of the project is $500,000

Cash flows are $125,000 per year for 10 years.

In the first year, the cost of the project is reduced by $125,000 and becomes $375,000.

In the second year, the cost of the project is reduced by $125,000 and becomes $250,000.

In the third year, the cost of the project is reduced by $125,000 and becomes $125,000.

In the fourth year, the cost of the project is reduced by $125,000 and becomes $0.

The cost of the project is totally recouped in the 4th year. therefore, the payback period is 4 years.

But the company has a preferred payback period of 3 years ,therefore , the firm won't undertake the project because the payback period is more than 3 years.

Final answer:

The project has a payback period of 4 years, which is longer than the company's preferred 3 years. However, the decision to proceed with the project should also be based on the positives NPV to determine if it will increase the value of the company.

Explanation:

Calculating the Payback Period

The payback period refers to the time it takes for an investment to generate an amount of money equal to the cost of the investment itself. To calculate the payback period for the given project, you divide the initial investment ($500,000) by the annual cash flow ($125,000). This results in a payback period of 4 years (500,000 / 125,000 = 4).

Value Increase for the Company

Whether or not to undertake the project requires consideration beyond just the payback period. While the company's preferred payback period is three years or less, you should also consider other factors like the overall profitability and the net present value (NPV) of the cash flows when deciding if this project will increase the value of the company. Since the cost of capital is 11%, this can be viewed as the discount rate for computing the NPV.

In this case, the NPV is calculated by discounting each of the annual cash flows and the final salvage value at an 11% discount rate and subtracting the initial investment. If the NPV is positive, it means the project is expected to generate value over and above the cost of capital.

Charlotte and Regina are opening a new business venture to sell gourmet cupcakes. One of the important characteristics in starting a limited liability company is:
a. limited liability for members.
b. the amount of start-up capital required.
c. choosing the name.
d. the number of shareholders.

Answers

Answer:

a. limited liability for members.

Explanation:

One of the important if not the most important characteristics in starting a limited liability company is limited liability for members, since the whole company structure revolves around this aspect. This refers to the shareholders being responsible for any debt incurred by the company, but only to the extent of their company shares.

Which of the following best defines the term commodity? a. A physical object we find, grow, or make to meet our needs and those of others. b. An activity that benefits people, such as health care, education, and entertainment. c. An economic system which adheres to the principles of socialism. d. A benefit given to those who participate in the capitalist market.

Answers

Answer: A physical object we find, grow, or make to meet our needs and those of others.

Explanation: A commodity is an object that possesses a certain form of value, it can be used to meet an immediate need of a person.

It can be grown or produced to meet the specified needed requirements of the particular need it solves.

Final answer:

The term 'commodity' is used by economists to define any physical object we find, grow, or make that meets our needs or the needs of others.

Explanation:

In answering the question, which of the following best defines the term commodity, let's start with the fact that economists use the term commodity to refer to a physical object that we find, grow, or make to meet our needs and those of others. This term can certainly include things like the food you eat or the home you live in, typically identified as private goods.The term 'commodity' is used by economists to define any physical object we find, grow, or make that meets our needs or the needs of others. For instance, a farmer who grows corn owns that corn, and since only a finite amount of corn exists, others may want to trade their goods for it if their own food supplies begin to dwindle which contributes to the commodity market.

Further, we see commodities prominently in industrial societies where people buy, consume, and own an extraordinary amount of stuff. Companies produce and market a wide range of commodities, often attaching special meanings to them.

So, considering the options provided, the best answer would be: A commodity is 'A physical object we find, grow, or make to meet our needs and those of others'.

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Hale Company sells merchandise on account for $1,000 to Long Company with credit terms of 2/10, n/30. Long Company returns $200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?a. $784b. $780c. $980d. $800

Answers

Answer:

Amount of Check = $784

so correct option is a. $784

Explanation:

given data

Merchandise on account = $1,000

Long Company returns  = $200

credit terms =  2/10

n/30

to find out

What is the amount of the check

solution

we know here that Total Merchandise will be

Total Merchandise = Merchandise on account  - returns   ....................1

Total Merchandise = $1000 - $200

Total Merchandise = $800

and

discount will be here

Discount = 0.02  ×  800

returns = $16

so

Amount of Check will be as

Amount of Check = Total Merchandise - Discount   ...................2

put here value

Amount of Check = Total Merchandise - Discount  

Amount of Check = $800 - $16

Amount of Check = $784

so correct option is a. $784

When a dividend is not declared on preferred stock, and the common share­holders cannot receive a dividend until all past and current dividends are paid to the preferred shareholders, the preferred stock is:

Answers

Answer:

cumulative.

Explanation:

Cumulative preferred stock is defined as a type of stock that states that if any dividend payments have been missed the first payment of the owed dividends must be done to cumulative preferred shareholders in first instance

The role making phase of development is a two-way exchange between the boss and the subordinate and is characterized by negotiation.a. true.b. false.

Answers

Answer:

True

Explanation:

Role making is developing a trust in between the manager and that of a new employee or team member. This basically moves in the direction that the manager expects the new employee to perform good as initially he has some new talent and caliber.

This involves the exchange of knowledge and information in between the boss and his subordinate about the work agenda and the performance desired. This reflects a negotiation.

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