The correct option is C) Signal to everyone in the system what goods are relatively more or less scarce.
In a price system, changes in prices signal to everyone in the system what goods are relatively more or less scarce. The price system is a mechanism for coordinating the actions of consumers and producers through prices.In a price system, changes in prices signal to everyone in the system what goods are relatively more or less scarce. Scarce goods command high prices and are produced more, while abundant goods command low prices and are produced less.
Prices are determined by supply and demand. When demand for a product is greater than the supply, prices increase, and when the supply is greater than the demand, prices decrease.
Prices provide an incentive for producers to allocate resources to the production of the goods that are in high demand. The price system also informs consumers of the relative prices of various goods and services, allowing them to make informed decisions about how to allocate their limited resources. Therefore, the correct answer is option C.
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what is the best crm strategy? create a differentiated approach based on clv. treat all customers equally.
The best CRM strategy depends on the specific business and its customers, so there is no one-size-fits-all answer. However, in general, creating a differentiated approach based on customer lifetime value (CLV) is likely to be more effective than treating all customers equally.
Customer lifetime value is the total amount of revenue a customer is expected to generate for a business over the course of their relationship. By identifying customers with high CLV, businesses can focus their resources on those customers who are most valuable and have the greatest potential for future revenue.
A differentiated approach based on CLV involves treating high-CLV customers differently from low-CLV customers. High-CLV customers may receive more personalized service, special offers, and preferential treatment. This approach can help to build long-term relationships with valuable customers and increase their loyalty to the business.
Treating all customers equally, on the other hand, may not be the most effective strategy for maximizing revenue and building customer loyalty. It could result in valuable customers feeling underappreciated and leaving for a competitor who offers a more personalized experience. Additionally, it could result in resources being wasted on low-CLV customers who are less likely to generate significant revenue.
In summary, a differentiated approach based on CLV is likely to be more effective than treating all customers equally in a CRM strategy. However, the specific approach will depend on the individual business and its customer base.
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how might you use your knowledge of taxes to make sound financial decisions?
Answer: If you know about taxes you can make better financial descisions because most descisions are made thru taxes. Taxes are numbers and stats that allow us to determine whether or not to buy something.
Explanation:
taxes also show how inflated a market is
Label each description according to whether it is referring to nominal GDP or real GDP.
1. A measure of an economy\'s output using current prices. - Nominal GDP
2. A measure of an economy\'s output using constant prices. - Real GDP
3. A measure of output that is adjusted for inflation. - Real GDP
4. A measure of output that is not adjusted for inflation. - Nominal GDP
Nominal GDP is a measure of an economy's output using current prices, meaning that it does not take into account the effects of inflation.
This makes it a less accurate measure of economic output than Real GDP, which measures output using constant prices and adjusts for the effects of inflation.
Real GDP is a better indicator of economic growth because it takes into account the changes in prices over time and gives a more accurate picture of economic output. This is why Real GDP is often used as the primary indicator of an economy's health.
Nominal GDP, on the other hand, is still useful for other purposes, such as comparing the size of different economies and measuring overall economic activity.
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Maverick Backpacks makes backpacks. They have a monthly fixed cost level of $50,000 and marginal costs of $3. 00 per backpack. They wholesale their backpacks for $10. 00 each. Calculate the breakeven point. What is their profitability at the following production levels: 5,000, 10,000 and 15,000 units per month?
The profitability at a production level of 5,000 backpacks per month is $15,000, at 10,000 backpacks per month is $20,000, and at 15,000 backpacks per month is $55,000.
To calculate the breakeven point, we need to find the production level at which the total revenue is equal to the total cost.
Let's denote the monthly production level by Q.
Total Revenue = Wholesale Price * Q = $10.00Q
Total Cost = Fixed Cost + Marginal Cost * Q = $50,000 + $3.00Q
At the breakeven point, Total Revenue = Total Cost. So we can set up the following equation
$10.00Q = $50,000 + $3.00Q
Solving for Q, we get
$7.00Q = $50,000
Q = 7,143 backpacks
Therefore, the breakeven point for Maverick Backpacks is 7,143 backpacks per month.
To calculate profitability at different production levels, we can use the following formula
Profit = Total Revenue - Total Cost
At a production level of 5,000 backpacks per month
Total Revenue = $10.00 * 5,000 = $50,000
Total Cost = $50,000 + $3.00 * 5,000 = $65,000
Profit = $50,000 - $65,000 = -$15,000
At a production level of 10,000 backpacks per month
Total Revenue = $10.00 * 10,000 = $100,000
Total Cost = $50,000 + $3.00 * 10,000 = $80,000
Profit = $100,000 - $80,000 = $20,000
At a production level of 15,000 backpacks per month
Total Revenue = $10.00 * 15,000 = $150,000
Total Cost = $50,000 + $3.00 * 15,000 = $95,000
Profit = $150,000 - $95,000 = $55,000
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What is the meaning of cash in the balance sheet?
Answer:
The cash balance reported on a balance sheet is the cash in your bank adjusted for payments and receipts that have not yet cleared. For example, writen but not cashed cheques, or recieved but not yet deposited cheques.
Explanation:
1. How does your credit score impact the personal loan options you have
available?
Answer:
idek
Explanation:
please help
Why is engaging communication a two-way process?
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpConvertible bonds are examples of "hybrid securities," but convertible preferred stock is not. Select one: A. True B. False If the risk-free rate is \( 6.25 \% \), the inflation premium is \( 2 \% \)
This statements is False. Convertible preferred stock is also considered a hybrid security as it possesses characteristics of both equity or debt instruments.
In the context of finance and investments, a security refers to a tradable financial instrument that holds some value and represents ownership or debt in a company or government entity. Securities can take various forms, including stocks, bonds, options, futures, and mutual funds. These instruments are bought and sold in financial markets and allow investors to participate in the growth or income generated by the underlying assets. Securities provide investors with opportunities for capital appreciation, income generation, diversification, and risk management in their investment portfolios.
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Cast Away Electronics paid a sum of $25,000 to an official of a foreign government to ensure that the company obtained exclusive preferential treatment for the plant it is building. The $25,000 can be classified as:____________
The payment by Cast Away Electronics to an official of a foreign government can be classified as a bribe.
Why is it a bribe?A bribe is a payment made by an entity to another entity in order to gain an unfair advantage or favor.
Cast Away Electronics wanted to gain an unfair advantage in the treatment of a plant and so paid a government official. This is therefore a bribe.
In conclusion, this is a bribe.
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The cpi is a measure of the overall cost of the goods and services bought by.
The cpi is a measure of the overall cost of the goods and services bought by a typical consumer.
What is the CPI?
The consumer price index is a measure of inflation. It measure the price changes of a basket of goods bought by consumers.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
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Based on the information given in the report, write a summary of
ways and strategic approach of Standard Chartered Bank to overcome
the pandemic situation.
CLO 1 : Discuss the core issues, key concept
Standard Chartered Bank adopted various ways to overcome the pandemic situation, such as offering relief measures to customers, accelerating digital banking, and implementing remote working.
Standard Chartered Bank has implemented various ways and a strategic approach to overcome the pandemic situation. The bank has extended support to customers by offering relief measures such as loan moratoriums, extended credit lines, and fee waivers to help mitigate the financial impact of the pandemic. They also accelerated their digital banking efforts and made significant investments in technology to enhance their online banking platforms and offer contactless services.
The bank also implemented remote working arrangements for employees to ensure their safety and enable them to work from home, which also ensured the continuation of essential services to customers. Standard Chartered Bank's approach of focusing on customers, technology, and safety allowed them to manage the challenges of the pandemic effectively.
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4. What is the law of demand?
Answer:
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility.
The Finishing Department hod 6,500 incomplete units in its beginning Work-in-process inventory which were 100% complete as to materials and 40% complete as to conversion costs. 18.000 unts were received from the previous department. The ending Work-in-Process inventory consisted of 3.500 units which were 50% complete as to materials and 40% complete as to conversion costs. The Finishing Department uses first.in, first-out (FIFO process costing How many units were started and completed during the period? Multiple Choice a. 24,500 b. 14,500 c. 15,000 d. 21,000
The units that were completed during the period is 21,000.
So, the answer is D.
Given Data:
In beginning Work-in-process (WIP) inventory = 6,500 units
18,000 unts were received from the previous department
Ending WIP = 3,500 units
Conversion cost = 40%
Materials cost = 100%
Using FIFO (First in first out) process costing, we have to determine the number of units started and completed during the period
.Now, the total number of units in beginning WIP and received from the previous department is:
Units transferred in from the previous department + Units already in Finishing Department's WIP inventory = 18,000 + 6,500 = 24,500 units
Thus, a total of 24,500 units were started during the period.
The units that were completed during the period is given by:
Units started during the period - Units in ending WIP inventory= 24,500 - 3,500 = 21,000 Units
Therefore, the correct answer is d. 21,000 units.
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The Corner Market has fixed costs of $1,600, depreciation of $1,200, a tax rate of 35%, and a cost of capital of 12%. Variable costs represent 67% of sales. What minimum level of sales must the market obtain to avoid a net loss on its income statement?
Answer:
$8,484.85
Explanation:
Fixed costs = $1,600
Depreciation = $1,200
Tax rate = 35%
Cost of capital = 12%
Variable costs = 67% of sales
Desired sales = (Fixed cost + Depreciation) / Contribution ratio
Desired sales = ($1,600 + $1,200) / (1 - 67%)
Desired sales = $2,800 / 0.33
Desired sales = 8484.84848485
Desired sales = $8,484.85
The minimum level of sales that Corner Market must obtain to avoid a net loss on its income statement is $8,484.85.
The rent that space in a property has the potential to generate in typical market conditions is called?
Market rent can fluctuate over time due to changing market conditions and factors affecting the local real estate market.
The rent that space in a property has the potential to generate in typical market conditions is called market rent.
Market rent refers to the amount of money that a landlord could expect to receive for leasing out their property or a specific space within it.
It is determined by various factors, such as location, size, condition, and demand for similar properties in the market.
Market rent is influenced by market forces, including supply and demand dynamics, economic conditions, and competition. Landlords often set their rental prices close to the market rent to attract tenants and ensure a fair return on their investment.
However, market rent can fluctuate over time due to changing market conditions and factors affecting the local real estate market.
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Maya is concerned about her credit problems and is worried
about the debt she's accumulated throughout college. Which
of the following strategies is the most advisable for Maya?
automatically apply for bankruptcy
immediately consolidate her loans
look for a reputable credit counselor
Answer:
C!
Explanation:
Debts are often referred to as money owed by individuals and they have no way to pay for it. The
best strategy that is the most advisable for Maya is to look for a reputable credit counselor
A credit counselor often tells an individual the right steps to take concerning any credit be it debt or any other things.If you can't make a payment or meet the options given, it is better to discuss payment options, contact your lenders to explain your situation or a credit counselor.
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Henry, a trainer at MyChem Inc., schedules training on handling hazardous chemicals for a group of newly hired employees. The training complies with OSHA regulations and is given to all employees upon hire along with periodic refreshers. The type of training described in this scenario is _____.
Answer:
Hazard Communication Standard (HCS) training program
Explanation:
The type of training described in this scenario is known as the Hazard Communication Standard (HCS) training program. This is a employee training program designed with the goal of explaining and reinforcing the written information regarding hazard labels and material safety data sheets, as well as how to behave around hazardous material and to apply this information to their workplace.
What is insurance and premium
Form of owner ship for a swimming pool repair
Answer:
Explanation: Swimming pool repair - it is likely this business would best be structured a corporation or a limited liability partnership
What is one major function of retail banks?
A. Keeping all deposits in reserve at all times
B. Offering loans that use car titles as collateral
C. Providing credit and debit cards to customers
D. Managing the payroll of major corporations
SUBMIT
Answer:
The role of retail banking is to help individual consumers manage their money, gain access to credit, and deposit their money in a secure way.
Explanation:
Providing credit and debit cards to customers is a major function of retail banks. Hence, the correct answer is option C.
What are retail banks?Retail banks are financial institutions that provide banking services to individuals and small businesses. These services include deposit accounts, such as savings and checking accounts, as well as loans, mortgages, credit and debit cards, and other financial products.
Providing credit and debit cards to customers is a major function of retail banks because it allows customers to make purchases without the need for cash and helps facilitate online and mobile payments. Credit and debit cards also generate revenue for retail banks through fees and interest charged on balances, making them an important source of income for banks.
Hence, providing credit and debit cards to customers is a major function of retail banks. Therefore, the correct answer is option C.
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#2- Almost all economic systems today are
Answer:
Most of the economic systems in the world today are mixed economies. These systems use a combination of government involvement and free markets. Throughout the world, there are different levels of government intervention in mixed economies.
The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
What is the difference between a total and a subtotal?
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
stockit, inc. issued 100,000 shares of the 1,000,000 shares authorized. stockit has repurchased 10,000 of its shares. the number of shares authorized represents the . (check all that apply.)
According to the question, the company have number of shares authorized represents the 1,000,000. At least one class of shares must exist.
What do you mean by the authorized share?Authorized capital refers to the most shares that a corporation is permitted to issue. The total amount of money that can be raised from the sale of those shares is capped by this, but the number of shares a corporation may issue is not restricted.
A company's authorized share structure identifies the many types, classes, and series of shares that it may issue.
Therefore, according to the question, the company have number of shares authorized represents the 1,000,000. At least one class of shares must exist.
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identify allowable combinations of quantum numbers for an electron. select all that apply
The allowable combinations of quantum numbers for an electron is:
A) n = 2, l = 1, ml = 0, ms = -1/2
B) n = 3, l = 1, ml = -1, ms = +1/2
D) n = 2, l = 0, ml = 0, ms = +1/2
The quantum numbers of an electron describe its energy level (n), orbital shape (l), orientation (ml), and spin (ms). The combination of quantum numbers must follow certain rules. In option A, the values are within the allowed range. In option B, the values are also valid. Option C has an ml value that exceeds the allowed range. Option D is valid since the values fall within the allowed ranges.
Therefore, options A, B, and D are the allowable combinations of quantum numbers for an electron.
""
identify allowable combinations of quantum numbers for an electron. select all that apply
A) n = 2, l = 1, ml = 0, ms = -1/2
B) n = 3, l = 1, ml = -1, ms = +1/2
C) n = 4, l = 2, ml = -2, ms = +1/2
D) n = 2, l = 0, ml = 0, ms = +1/2
""
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It is common practice among currency traders worldwide to both price and trade currencies against the U.S. dollar. Consider a currency dealer who makes a market in 5 currencies against the dollar. If he were to supply quotes for each currency in terms of all of the others, how many quotes would he have to provide?
A) 36.
B) 30.
C) 60.
D) 120.
E) none of the options.
How is days to collect accounts receivable determined? A) 365 days divided by accounts receivable turnover. B) Net sales divided by 365. C) Net sales divided by average net trade receivables. D) Accounts receivable turnover divided by 365 days.
Days to collect accounts receivable is determined by dividing the number of days in the accounting period by the accounts receivable turnover. Thus, option A) 365 days divided by accounts receivable turnover is the correct answer.
How is days to collect accounts receivable determined? Days to collect accounts receivable is calculated as follows: Days to collect accounts receivable = 365 days ÷ Accounts receivable turnover is the measure of how frequently accounts receivable are converted into cash.
It is calculated by dividing net credit sales by the average net accounts receivable during the accounting period. It is a ratio that measures the effectiveness of a company's credit and collection policies.
Days to collect accounts receivable is a measure of the average number of days it takes a company to collect its accounts receivable.
A lower number of days to collect accounts receivable is an indicator that the company is efficient in its collection procedures.
A high number of days to collect accounts receivable indicates a weak collection process, which may result in an increase in bad debt expense.
The days to collect accounts receivable is an important measure of a company's financial performance because it indicates how efficiently the company is managing its accounts receivable.
The faster a company collects its accounts receivable, the more cash it will have on hand to invest in its operations, pay its bills, or distribute to shareholders.
Therefore, it is essential for a company to manage its accounts receivable effectively, so it can have sufficient cash to meet its short-term obligations.
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3. Describe the ways in which the state intervened in the economy to impact South Korea’s
economic growth between 1963 and 1997? Why is this considered justified when markets
were less developed during the initial, catch up stages of development?
4. What trajectory did South Korea’s export-led industrialization strategy follow? What were
some of the incentives the government provided?
3. South Korea has demonstrated how state intervention could lead to economic growth. The state intervened in the economy in a number of ways. Firstly, the government has played a significant role in funding and promoting research and development in specific sectors through its development policies.
Secondly, the government has been instrumental in implementing reforms that have facilitated the growth of the private sector. Thirdly, the government has encouraged investment from foreign companies. Fourthly, the government has controlled the domestic economy by keeping inflation low, controlling currency values, and limiting the amount of foreign debt. Fifthly, the government has offered tax incentives, low-interest loans, and other financial support to businesses to encourage them to develop in specific sectors.
This is considered justified when markets were less developed during the initial, catch-up stages of development because markets were not strong enough to generate the necessary investment, innovation, and growth on their own. The state had to intervene to help build the foundations for the growth of the private sector.
4. South Korea's export-led industrialization strategy followed a unique trajectory. The country began by focusing on labour-intensive industries such as textiles and light manufacturing. As its economy developed, it shifted towards more capital-intensive industries such as steel, petrochemicals, and heavy machinery. It then moved to high-technology industries such as electronics, semiconductors, and biotechnology. This evolution was driven by the government's policies of investment in education, research, and development, and incentives for businesses to focus on the export market. Some of the incentives provided by the government include infrastructure development, tax incentives, low-interest loans, and export credit insurance. This strategy has been instrumental in South Korea's economic growth and has transformed the country from one of the world's poorest nations to a global economic powerhouse.
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According to Phelps, if unemployment falls below the equilibrium level, inflation tends to ________ of inflation ________ . Which of the following describes the outcome? a. No lower unemployment, but higher inflation b. Lower unemployment and no higher inflation c. Lower unemployment and lower Inflation d. Lower unemployment and higher inflation
According to Phelps, if unemployment falls below the equilibrium level, inflation tends to increase at an accelerating rate. This phenomenon is known as the Phillips Curve, which shows the inverse relationship between unemployment and inflation.
In the short run, an increase in demand for goods and services results in higher prices and hence higher inflation. This is because firms have limited capacity to produce and hire workers, so as demand increases, they have to raise prices to keep up with the demand. However, in the long run, wages and prices adjust to reflect the true level of economic growth and employment, resulting in a return to equilibrium levels. Therefore, the outcome of falling unemployment below the equilibrium level is lower unemployment and higher inflation, as the economy adjusts to the new demand for goods and services. This can be problematic if inflation continues to rise and erodes the purchasing power of consumers and causes economic instability.
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. Islamic banking involves:
a.
Prohibition of usury, gambling and gharar.
b.
Bank should be managed by Sharia’a scholars.
c.
Avoiding risky investing.
Islamic banking involves the prohibition of usury, gambling, and gharar, and it is guided by Sharia principles. (Option A)
Islamic banking operates in accordance with Islamic principles, which prohibit the charging or receiving of interest (usury), engaging in speculative or uncertain transactions (gharar), and participating in gambling activities. Instead, Islamic banks offer Sharia-compliant financial products and services that adhere to ethical and moral principles. Additionally, Islamic banks may have Sharia boards or committees comprised of Sharia scholars who provide guidance and ensure that the bank's operations comply with Islamic law. The focus is on promoting risk-sharing, avoiding unethical practices, and promoting socially responsible investments. This approach aligns with the principles of fairness, transparency, and social justice inherent in Islamic finance. By adhering to these principles, Islamic banking aims to provide financial services that are in line with religious beliefs and values.
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