Exercise 1-a Indicate the increase and decrease in each account by placing a check mark in Appropriate column. DEBIT CREDIT TRANSACTION 1. Capital is increased 2. Cash is increased 3. Cash is decreased 4. Capital s decreased 5. Equipment is increased 6. Service Income is increased 7. Expenses is increased 8. Accounts payable is increased 9. Accounts payable is decreased 10.Accounts receivable is decreased Exercise 1-b Answer the following items. Choose the correct answer from the list below;
Previous question
Answers
1-a:
DEBIT (+) CREDIT (-)
1. Capital is increased ✓
2. Cash is increased ✓
3. Cash is decreased ✓
4. Capital is decreased ✓
5. Equipment is increased ✓
6. Service Income is increased ✓
7. Expenses is increased ✓
8. Accounts payable is increased ✓
9. Accounts payable is decreased ✓
10. Accounts receivable is decreased ✓
1-b:
1. Which account is increased when the owner invests more money in the business?
Answer: Capital
2. Which account is decreased when the owner takes money out of the business for personal use?
Answer: Capital
3. Which account is increased when the business receives cash from a customer?
Answer: Cash
4. Which account is decreased when the business pays cash for rent?
Answer: Cash
5. Which account is increased when the business purchases new equipment?
Answer: Equipment
6. Which account is increased when the business provides services to a customer and receives payment later?
Answer: Accounts receivable
7. Which account is increased when the business pays for advertising?
Answer: Expenses
8. Which account is increased when the business buys supplies on credit?
Answer: Accounts payable
9. Which account is decreased when the business pays off a supplier's invoice?
Answer: Accounts payable
10. Which account is decreased when the business receives payment from a customer who had previously purchased on credit?
Answer: Accounts receivable
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Related Questions
multiple choice-- economics
Entrepreneurs do all of the following EXCEPT ...
Come up with new ideas about what, how, when, and where to produce
Own all the other resources
Organize labor, land, and capital
Bear risk from business decisions
Answers
Entrepreneurs do all of the following except own all the other resources. Thus, the correct answer is option B.
Who are Entrepreneurs ?An entrepreneur is someone who has an idea and tries to develop a good product or service that others will purchase, together with a business to help them in their endeavour. An entrepreneur is seen as a visionary or an innovator since they take on the majority of the risk and responsibility for their new company.
An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods. An entrepreneur plans for labour, capital, and resources.
Therefore, Own all the other resources is not a role of an entrepreneur.
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i will give $1000 to someone that can help me with this. and im being serious
Answers
Answer:
shell say to get your team together and lead if can do it do it, if you cant, don't
Explanation: you're the team leader you're supposed to be able to make decisions even the hard ones
A proposed project has fixed costs of $76,000 per year. The operating cash flow at 9,200 units is $108,700. Ignore the effect of taxes. a. What is the degree of operating leverage? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b.If units sold rise from 9,200 to 10,000, what will be the new operating cash flow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the new degree of operating leverage? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) a. DOL b. New OCF c. New DOL
Answers
a. Degree of Operating Leverage is -46.71 or -46.72 (rounded to 3 decimal places)
b. The new operating cash flow (New OCF) can be 1,087,000
c. The degree of operating leverage decreases as units sold increase.
a. The degree of operating leverage (DOL) is calculated by dividing the change in operating income by the change in units sold.
Operating Income Change = Operating Cash Flow Change - Fixed Costs Change
Operating Cash Flow Change = New OCF - Old OCF
New OCF = 108,700 - 76,000 = 32,700
Old OCF = 0
Fixed Costs Change = 76,000 - 0 = 76,000
Operating Income Change = 32,700 - 76,000 = -43,300
Degree of Operating Leverage = Change in Operating Income / Change in Units Sold
= -43,300 / 9,200 = -46.71 or -46.72 (rounded to 3 decimal places)
b. The new operating cash flow (New OCF) can be calculated by multiplying the units sold by the operating cash flow per unit (OCF/unit).
New OCF = Units Sold x OCF/Unit
New OCF = 10,000 x 108.70
=1,087,000
c. The new degree of operating leverage (New DOL) can be calculated by dividing the change in operating income by the change in units sold.
Operating Income Change = New OCF - Old OCF
= 1,087,000−32,700
=754,300
Degree of Operating Leverage = Change in Operating Income / Change in Units Sold:
754,300/10,000
=75.43 or $75.44 (rounded to 3 decimal places)
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The federal reserve can affect you through
Answers
As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to influence the availability and cost of credit in the economy.
T or F The 179 deduction can exceed 1,020,000 in 2019 if the taxpayer has a 179 amount that exceeded the taxable income limitation in the prior year
2: Alicia was involved in an automobile accident in 2019. Her car was used 60% for business and 40% for personal use. The car had originally cost $40,000. At the time of the accident, the car was worth $20,000 and Alicia had taken $8,000 of depreciation. The car was totally destroyed and Alicia had let her car insurance expire. If Alicia’s AGI is $50,000 (before considering the loss), determine her itemized deduction for the casualty loss. a: $34,000; $0 b: $50,000; $0 c: $34,000; $4,500 d: $26,000; $5,700 e: none of these
Answers
Answer:
1. False
2. c: $34,000; $4,500
Explanation:
1. The given statement is false
As for the 179 deduction, the maximum amount allowed is $1,000,000 and it cannot be greater than this in any of the case
2. Particulars Business Personal
Cost $24,000 $16,000
($40,000 × 60%) ($40,000 × 40%)
Less: depreciation -$8,000 $0
Basis $16,000 $16,000
Fair market value $12,000 $8,000
Loss: $16,000 $8,000
AGI before loss $50,000
Less: Business loss -$16,000
AGI $34,000
Personal casuality loss $8,000
Less: $100 floor -$100
ANd 10% of AGI -$3400
Deduction itemized $4,500
Hence, the correct option is c.
place rock unit events in order.
3. (Note: The surface is not a layer. It is ground-level, complete with happy little trees.) \( \mathrm{A} 3 \) Homework \( - \) Unanswered Place the rock units events in order from oldest on bottom t
Answers
To place the rock unit events in order from oldest to youngest, we need to consider the principle of superposition, which states that in an undisturbed sequence of rock layers.
1. Homework: This event is the most recent one as it is mentioned last in the given list.2. A3: This event is mentioned before Homework, suggesting that it occurred earlier than Homework.3. Unanswered: This event is mentioned before A3, indicating that it happened before A3.Therefore, the correct order from oldest to youngest is: Unanswered → A3 → Homework.we need to consider the principle of superposition, which states that in an undisturbed sequence of rock layers, the youngest rocks are on top, while the oldest rocks are at the bottom.
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jones buys a lot that has no access by way of a public road. he can gain access to his land by way of his neighbor's land that has public road access select one: a. only if the grantor of the property caused the lot to be landlocked. b. only if his neighbor agrees to give him an easement. c. only by establishing an easement by prescription. d. either if the grantor of the property caused the lot to be landlocked or if his neighbor agrees to give him an easement.
Answers
Jones can access his land through a neighbor's public road access if the grantor caused the lot to be landlocked or if the neighbor agrees to grant an easement. so the correct answer is an option (d).
In this scenario, Jones's lot has no access by way of a public road. However, he can still gain access to his land by utilizing his neighbor's land which has public road access.
There are two possible ways for Jones to achieve this.
Firstly, if the grantor of the property intentionally caused the lot to be landlocked, Jones may have legal recourse to obtain an easement.
This could be due to an oversight or intentional action by the grantor that prevents Jones from accessing his land. In such cases, Jones may be entitled to an easement to gain access through his neighbor's land.
Secondly, if Jones's neighbor agrees to provide him with an easement, granting him permission to use their land for access, Jones can also gain access to his lot.
This would require the neighbor's consent and the establishment of a legally binding easement agreement.
Therefore, the correct option is d: either if the grantor of the property caused the lot to be landlocked or if his neighbor agrees to give him an easement.
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The _____ is a production period long enough for the firm to adjust the
quantities of all its ________, including capital.
Answers
Answer:
long run, productive resources
viktor is a shop owner. regardless of how much merchandise he sells, he must pay the rent each month as well as his employees' salaries. because these costs remain constant and are not dependent on the amount of merchandise viktor sells, they are referred to as . multiple choice question. inventory costs variable costs fixed costs costs of doing business stable costs
Answers
Given that the costs that Viktor has remains as constants and they are dependent on what he sells, they are referred to as fixed costs.
What is meant by fixed costs?
Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing a good or providing a service. Fixed costs are therefore regarded as indirect costs.
Property taxes, rent, salary, and the cost of benefits for non-sales and management staff are examples of fixed costs. They are one of the three categories of expenses that most companies face. Costs that are changeable or semi-variable are the others.
On a company's income statement, indirect costs typically show up simultaneously as fixed and semi-variable costs.
It is crucial for business owners to comprehend the charges they face so they may successfully manage their spending. Higher sales and manufacturing numbers typically result in this.
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Scenario: NewTel, Inc.
NewTel is a telephone company with a policy of filling positions internally, through promotions, rather than hiring from outside. Until recently, the company had a strong engineering focus and tended to promote people into senior executive positions from the engineering areas. Consequently, almost all of the company’s 14 senior executives joined the company over 20 years ago in junior engineering positions. There is increasing pressure on NewTel to become more marketing and service-oriented. As a result, four people were hired last year from consumer products and retail firms to fill new senior executive positions in marketing and service management. The external hires were necessary because current employees were not sufficiently qualified. Now there are signs of tension among senior executives, particularly during budget deliberations where there is limited discretionary spending on new corporate activities. The four new hires have been frustrated in their attempts to have the company put more money into marketing and customer services instead of technology investment. The conflict episodes are viewed by both sides as personal attacks rather than attempts to resolve the problem.
The four new hires’ attempt to have the company put more money into marketing and customer services instead of technology investment. This is mainly an example of conflict due to:
A. role ambiguity.
B. lack of communication.
C. sequential task interdependence.
D. overt behaviors.
E. goal incompatibility.
Answers
Answer:
E. goal incompatibility.
Explanation:
Analyzing the scenario above, it is possible to see that the cause of the conflict is due to incompatibility of goals, that is, there are different objectives and goals between the teams and organizational departments, which causes a lack of consensus that culminates in the conflict.
This is a negative situation for the company, which is a set of systems that must operate in favor of the same objectives and goals. in order to listen to all the parties involved, and then start from a principle where everyone feels heard and integrated in the development of organizational goals, creating an environment of trust and positive relationship in the company.
How has the Internet changed entertainment marketing?
Answers
Explanation:
The evolution of the internet has made it possible for artists to target and grow fan followings all over the world. This means that the typical type of venue has also shifted. Instead of targeting one city or area, artists can advertise their new releases, concerts, and merchandise via social media posts.
state law of diminishing returns
Answers
Answer:
see below
Explanation:
The law of diminishing marginal returns indicates that in every production process, adding one more input while holding the others constant will result in the overall decrease in output.
According to this law, adding one more production unit diminishes the marginal returns, and the average production cost increases. Marginal returns refer to the benefits associated with the production of an extra unit.
The gain derived from the use of more input while keeping all other factor constant decreases as production increases. For example, employing more workers while all other variables remain constant will result in reduced labor productivity.
hail deposited in a long narrow band is known as a: select one: a. hail line. b. hail streak. c. squall line. d. ice line. e. hail front.
Answers
The hail deposited in a long narrow band is known as (b). hail streak is correct option.
A large cumulus cloud that is warm. A hail streak is a long, thin band of hail that has been deposited.A type of solid precipitation is hail. N Despite frequent confusion, it is separate from ice pellets (American English "sleet"). It is made of of hailstones, which are small balls or irrational chunks of ice. Ice pellets typically fall under cold conditions, whereas the growth of hail is significantly slowed down during freezing surface temperatures. In contrast to other types of water ice precipitation, such snow, which is composed of rime ice, ice pellets, which are smaller and translucent, and graupel, which is comprised of rime ice,
Therefore the correct option is (b).
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a proof of the equality of debits and credits in a general ledger.
Answers
Correct reply is A trial balance is a proof of the equality of debits and credit in a established ledger.
To take a look at the arithmetical accuracy of books of account, path stability is prepared. Both the aspects of trial stability i.e. debit and credit score need to have the equal total. This equality proves that the books are arithmetical correct. Trial stability can be organized on a ordinary intervals.
Where do debits equal credits?For each and every transaction, a debit is recorded with a corresponding credit. Multiple money owed can be affected by way of a single transaction, however there need to be at least two bills concerned and debits will always equal credits.
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Fixed costs are £26,000 per year, and variable costs include wages at £10 per
unit, raw materials at £12 per unit and delivery/packaging at £3 per unit. It is expected that a business will make and sell 750 units during the year, with
a selling price of £26.
Answers
Answer:
Net loss -£25,250
Explanation:
The computation of the profit is shown below:
Sales (750 units × £26) £19,500
Less: Variable cost (750 units × £25) £18,750
Contribution margin £750
Less: Fixed cost £26,000
Net loss -£25,250
The £25 could be calculated below:
= £10 + £12 + £3
= £25
Basically applied the above format
The veterinary assistants at a large veterinary practice alternate between working at the reception desk, working in the lab and X-ray department, and assisting the vets during office visits with patients. This is a type ofjob enrichment.job rotation.job enlargement.job re-design.
Answers
Option b: A veterinary assistant in a large veterinary clinic is a kind of job rotation, working alternately in the reception, examination room, and x-ray departments to assist veterinarians in visiting patients.
Job rotation is the frequent rotation of all employees to different positions so that they can experience different departments of the company and develop their skills. Job rotation is another way to break up boring tasks. Job rotation promotes employee flexibility, reduces employee turnover, and helps employees reduce manual stress.
A rotating task atmosphere can encourage new thoughts and ideas about the work of an organization and improve employee satisfaction. In order to better serve the company and its employees, many companies choose to implement job rotation programs. Job rotation is not a perfect solution and can be harmful in some cases. Businesses should be aware of some shortcomings in order to reduce program risk.
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caleb, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. caleb later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies
Answers
Caleb is happy with his success, but he wants to stay small because if he decides to add new products, small companies can move more quickly and start more readily.
What do you mean by products?
The thing that is being sold is called a product. An object or a service can both be considered products. It could appear in the form of anything physical, digital, or cybernetic. Every good has a price, and every good has costs attached to it. The price that can be paid is influenced by the market, the quality, the marketing, and the target market.
What does "product" signify in terms of commerce?
In business, a product is an item or service that you might offer to clients. These products could be material (like clothing or furniture) or immaterial (like computer software). A business is referred to as a product business if product sales account for the majority of its revenue.
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If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?
Answers
Answer:
By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.
Explanation:
With specific reference to the case study, describe some of the soft skills needed at university and in the workplace
Answers
Answer:
Soft skills are personal qualities and attributes that are not related to specific knowledge or technical skills, but rather to the way a person interacts with others and approaches tasks and challenges. Some examples of common soft skills that may be important at university and in the workplace include:
Communication skills: The ability to express oneself clearly and effectively, both in written and oral form, is important at university and in the workplace. This includes being able to listen actively and understand others' perspectives, as well as being able to articulate one's own ideas and opinions.
Collaboration skills: The ability to work well with others is important in both educational and professional settings. This includes being able to contribute effectively to group projects and discussions, as well as being able to resolve conflicts and negotiate solutions with others.
Problem-solving skills: The ability to think critically and creatively, and to come up with effective solutions to problems, is important in both academic and professional contexts. This includes being able to identify and analyze problems, generate and evaluate potential solutions, and implement and follow through on the chosen solution.
Time management skills: The ability to manage one's time effectively is important in both academic and professional settings. This includes being able to prioritize tasks, set and meet deadlines, and manage workload effectively.
Interpersonal skills: The ability to build and maintain positive relationships with others is important in both educational and professional contexts. This includes being able to work well with a diverse range of people, being able to empathize with others, and being able to handle difficult situations and conflicts in a professional manner.
A critique of modernization theory suggests that neocolonialism causes underdevelopment, and that poor countries stay underdeveloped because the global economic system extracts and transfers ________ to developed nations. a. resources b. energy c. people d. culture
Answers
Answer:
a. resources
Explanation:
Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.
Migration selectivity can be defined as the likelihood or tendency that a subset (part) of a group of people are going to move (migrate) out of a particular geographical location or area.
Some of the factors that influence migration selectivity are income level, age, education, gender etc.
A critique of modernization theory suggests that neocolonialism causes underdevelopment, and that poor countries stay underdeveloped because the global economic system extracts and transfers resources to developed nations.
Poor countries stay underdeveloped because the global economic system extracts and transfers resources to developed nations.
The answer to this question is option a. A lot of countries are blessed with a lot of natural resources yet they remain very poor and dependent on other first world nations.
Neo colonialism means that some of these nations are still heavily influenced by the nations that they are highly dependent on.
The continent of Africa is blessed with a lot of natural resources. Crude oil for instance, but most of these resources are transported abroad and the continent remains underdeveloped.
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Your friend is starting a new position within your place of employment and has a couple of questions. She wants to know what to expect and how your organization uses teamwork to build positive relationships. In this assignment, you will give your friend some ideas of what to expect by outlining the following aspects of your workplace:
Explain the role of the human resource department and how they can help you.
Define the role of a mentor.
Describe the ways in which you can work together with a mentor to overcome challenges in the new position.
Provide a description of a mentor from your life and how you used teamwork to solve problems.
Answers
In our organization, the Human Resources (HR) department serves as a valuable resource for employees, and a mentor plays a critical role in guiding and assisting you in your career. Collaboration with a mentor can help overcome challenges and enhance teamwork, as I have personally experienced.
The HR department oversees matters related to employees, including recruitment, benefits, training, employee relations, and compliance with labor laws. They're the go-to for questions about company policies, your rights as an employee, and any issues you may face at work. A mentor, on the other hand, is an experienced individual who provides guidance, support, and constructive feedback to help you navigate your career path. Working closely with a mentor can help you tackle challenges in the new position, as they provide insights and advice, and share their experience. For example, in my own career, I've had a mentor who encouraged collaborative problem-solving. We'd regularly brainstorm and discuss issues, fostering a sense of teamwork that made overcoming challenges much easier.
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Everything else equal, and under normal business confidence, a decrease in the federal funds rate will tend to...
A. increase aggregate demand
B. decrease aggregate demand
C. increase investment
D. both a and c
Answers
Option D is correct. both a and c. A decrease in the federal funds rate tends to have two main effects: it can increase aggregate demand and increase investment.
Increase in Aggregate Demand:
When the federal funds rate decreases, it becomes cheaper for banks to borrow money from the Federal Reserve. This reduction in borrowing costs encourages banks to increase lending to consumers and businesses. As a result, individuals and companies have easier access to credit, which leads to increased spending and investment. This boost in spending and investment contributes to an increase in aggregate demand, as more money is circulating in the economy.
Increase in Investment:
Lower interest rates reduce the cost of borrowing for businesses, making it more affordable for them to finance new investments. When the federal funds rate decreases, it typically leads to lower interest rates in the broader economy. This makes borrowing for capital investments, such as equipment, machinery, and expansion projects, more attractive to businesses. As a result, businesses are more likely to increase their investment activities, which stimulates economic growth and can have a positive impact on productivity and employment.
Under normal business confidence, a decrease in the federal funds rate tends to have two positive effects: it increases aggregate demand by stimulating spending and it increases investment by reducing the cost of borrowing for businesses. Therefore, the correct answer is D. both a and c.
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Let's say that you have put $1,000 in your savings account at a local financial institution, and an employee of the banks tells you that the bank does not have the money you deposited in its vault (or anywhere else) in the bank.
1. Could the employee be correct and, if so, then where is the money that you deposited into your savings account?
2. Should you be worried about getting your deposit back from the bank? Why or why not?
Answers
While it is highly unlikely, it is technically possible for the bank to not have the money you deposited in its vault or accounts due to operational errors or fraudulent behavior.
How can it be explained in detail?If the bank does not have the funds, this may be a sign of serious problems with the institution's management, such as theft, poor management, or insolvency. In this situation, it's crucial to get in touch with the bank's customer service right away to look into the situation and take the necessary precautions to safeguard your funds.
Federal deposit insurance, which ensures that your deposits up to $250,000 per depositor per insured bank are safe and secure, protects you as a depositor. Deposits in the majority of American banks and savings institutions are covered by the Federal Deposit Insurance Corporation (FDIC).
Because of this, you need not worry about losing your money even if the bank does not have your deposit.
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The entries that transfer the balances of all temporary accounts to retained earnings are referred to as.
Answers
Answer: closing entries
Explanation:
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Which email message has a negative tone? (NEEDED SOON!!)
a. “We will see you next week.”
b. “How was your birthday?”
c. “There’s nothing we can do about it.”
d. “I hope you are feeling better soon.”
Answers
“There’s nothing we can do about it”
A,B and D have a positive tone.
But C sounds kinda mean
When the price of a pepsi is $1.00 and the price of a coke is $0.60, the vending machine sells _____ cans of coke.
Answers
If the price of Pepsi is $1.00 and the price of Coke is $0.60, the vending machine would sell 60 cans of Coke and 40 cans of Pepsi, assuming consumers have no preference for either brand and are solely basing their decision on price.
Assuming that the consumers have no preference for either Pepsi or Coke and are solely basing their decision on price, we can calculate the number of cans of Coke that the vending machine would sell using basic principles of supply and demand.
If Pepsi costs $1.00 and Coke costs $0.60, then Coke is the cheaper option. This means that there will likely be a greater demand for Coke, as consumers are more likely to choose the cheaper option.
However, the vending machine only has a limited supply of both products. To find the equilibrium point, we need to determine at what point the demand for Coke will equal the supply.
If we assume that the demand for Pepsi is constant, then we can set the demand for Coke equal to the supply:
Demand for Coke = Supply of Coke
Let's say that the vending machine has a total of 100 cans of soda. If we represent the number of cans of Coke sold as x, then the number of cans of Pepsi sold would be 100 - x.
So, if the price of Coke is $0.60, the demand for Coke would be higher than Pepsi, and let's assume that 60 cans of Coke would be sold (x = 60). Therefore, the number of cans of Pepsi sold would be 100 - 60 = 40.
In summary, if the price of Pepsi is $1.00 and the price of Coke is $0.60, the vending machine would sell 60 cans of Coke and 40 cans of Pepsi, assuming consumers have no preference for either brand and are solely basing their decision on price.
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A company's pr efforts are often aimed at doing what? a. getting publicity. b. reducing press releases. c. getting more ads. d. comparing ad prices. please select the best answer from the choices provided a b c d
Answers
Answer:
b. reducing press releases
Explanation:
Press releases can be negative a lot of the time, so the PR works to reduce the negativity brought by the press about the company.
Determine the price elasticity of demand? Use those determinants and your own reasoning in judging whether demand for each of the following products is probably elastic or inelastic: (a) bottled water; (b) toothpaste; (c) Crest toothpaste; (d) ketchup; (e) diamond bracelets; (f) Microsoft's Windows operating system.
Answers
(a) Bottled water: Inelastic demand due to low price sensitivity and necessity.
(b) Toothpaste: Inelastic demand due to limited substitutes and essential nature.
(c) Crest toothpaste: Demand may be inelastic or relatively elastic depending on brand loyalty and substitute availability.
(d) Ketchup: Inelastic demand due to low price sensitivity and limited substitutes.
(e) Diamond bracelets: Elastic demand due to luxury nature and availability of substitutes.
(f) Microsoft's Windows operating system: Inelastic demand due to high dependence and limited substitutes.
The price elasticity of demand measures the responsiveness of the quantity demanded of a product to changes in its price. Elastic demand means that a small change in price leads to a relatively larger change in quantity demanded, indicating high price sensitivity. Inelastic demand, on the other hand, means that a change in price has a relatively smaller impact on quantity demanded, indicating low price sensitivity.
(a) Bottled water: The demand for bottled water is likely to be **inelastic**. While there may be some price sensitivity among consumers, the necessity and relatively low price of bottled water make it less responsive to price changes. People are likely to continue purchasing bottled water even if the price increases slightly.
(b) Toothpaste: The demand for toothpaste is usually **inelastic**. Toothpaste is considered a daily essential item for oral hygiene, and consumers tend to have limited substitutes or alternatives. As a result, the demand for toothpaste is less responsive to price changes.
(c) Crest toothpaste: The demand for a specific brand of toothpaste, like Crest, may be **inelastic** or **relatively elastic** depending on factors such as brand loyalty and availability of substitutes. If consumers have strong brand loyalty or perceive Crest as having unique qualities, they may be less price-sensitive. However, if there are comparable alternatives available, the demand may exhibit higher elasticity.
(d) Ketchup: The demand for ketchup is likely to be **inelastic**. Ketchup is a condiment with relatively low price and a strong association with certain foods. Consumers may have limited substitutes and a preference for specific brands, making them less responsive to price changes.
(e) Diamond bracelets: The demand for diamond bracelets is likely to be **elastic**. Diamond bracelets are considered luxury items, and consumers have a wide range of substitutes and alternatives in the luxury jewelry market. As the price of diamond bracelets increases, consumers may be more likely to reduce their quantity demanded or seek alternative luxury items.
(f) Microsoft's Windows operating system: The demand for Microsoft's Windows operating system is typically **inelastic**. Windows is a widely used operating system in the computer industry, and consumers may have a high degree of dependence on it for their software and hardware compatibility. The switching costs and limited availability of direct substitutes make the demand for Windows less responsive to price changes.
It's important to note that these determinations are based on general assumptions and individual circumstances may vary.
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1. Waves are created when a source of energy causes a _____.
Answers
Answer:
Waves are created when a source of energy causes a medium to vibrate. A vibration is a repeated back-and-forth or up-and-down motion. This motion is the source of the wave. Waves are classified according to how they move.
Explanation: