Answer:
Monopoly. A condition that has none of the requirements for a competitive market such as adequate competition, knowledge of prices and opportunities, mobility of resources, and competitive profits is called a(n)
Explanation:
Hope it helps
QUESTION 5 of 10: The first step in the marketing process is to:
Answer:
Understand the market place, which includes customer needs and wants.
The following events took place at a manufacturing company for the current year: (1) Purchased $95,000 in direct materials. (2) Incurred labor costs as follows: (a) direct, $56,000 and (b) indirect, $13,600. (3) Other manufacturing overhead was $107,000, excluding indirect labor. (4) Transferred 80% of the materials to the manufacturing assembly line. (5) Completed 65% of the Work-in-Process during the year. (6) Sold 85% of the completed goods. (7) There were no beginning inventories. What is the journal entry to record the direct labor costs for the period
The journal entry to record the direct labor costs includes a Debit to Work-In-Process Inventory and Credit to Wages Payable.
Basically, in manufacturing account, the Direct labor cost refers to the wages/salaries that are incurred in order to produce/provide goods or services to customers
In order to record the direct labor costs for a period, the journal entry will includes a Debit to Work-In-Process Inventory and Credit to Wages Payable.
in this question from Number 2, the incurred direct labor costs is $56,000. Therefore, there will be a Debit of 56,000 to Work-In-Process Inventory and Credit of $56,000 to Wages Payable.
Learn more about this here
brainly.com/question/18523444
to maximize economic surplus, keep increasing output as long as
Answer:Therefore, total surplus is maximized when the price equals the market equilibrium price. In competitive markets, only the most efficient producers will be able to produce a product for less than the market price. Hence, only those sellers will produce a product
Explanation: i no it
For augment economic surplus, continue to increment yield insofar as total surplus is expanded when the cost rises to the market harmony cost.
What is Economic Surplus?Economic surplus is determined by consolidating the surplus advantage that is capable by the two purchasers and makers in an economic exchange.
Surplus relates to products as well as to monetary components, like benefit, income, and capital. Albeit this probably won't give off an impression of being an issue, something like benefit surpluses prompts expanded charge rates, and that additional duty cash might have been contributed somewhere else.
A surplus of capital focuses to the way that the financial backer, entrepreneur, or pioneer put a lot of cash into the organization or task, considering squandered money to be a normal outcome. In economics, the idea of surplus is generally found in the term spending plan surplus. This ordinarily alludes to situations where state run administrations have supported all their set projects and have cash left over subsequently.
Therefore economies actually take a stab at an economic surplus because of the conviction that overflow is superior to shortage.
Learn more about Economic surplus here:
brainly.com/question/12953484
#SPJ2
sadiya, who owns a dance studio, consistently reminds her employees that dance lessons are a luxury for customers, so they should be both informative and fun. by making these statements, sadiya is
When Sadiya makes statements to her employees about the characteristics of dance classes, which should be informative and fun, she is explicitly stating values and norms preferred by her organization.
As the owner of the dance studio, she manages and coordinates her collaborators for the institution of organizational culture focused on the studio's vision, mission and values.
An organization focused on offering a differentiated and quality service to the customer will increase its value, positioning and competitiveness.
Therefore, through her services, Sadiya aims to generate value to her customers through informative and fun dance classes, increasing the loyalty and success of her business.
Learn more here:
https://brainly.com/question/10770331
why must a monopoly supply a good or service that has no close substitute
Answer:
Because a monopoly is when one person or buisness provides a good or service that people can't get anywhere else so they can continue to make money.
Explanation:
What type of organizational arrangement organizes employees by activity?
a. Hybrid
b. Matrix
c. Divisional
d. Functional
Answer:
What is c. Divisional
Explanation:
Divisional Structures. A divisional structure organizes a company's activities into geographical, products, markets or service groups.
the manager at creative minds inc. is distressed that employee absenteeism increased by 16% in the past year. how would you recommend the manager respond to this inside force?
I will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.
Today, the artificial intelligence is a modern technology which performs the function of employees more efficiently and effectively.
The artificial intelligence such as software package that perform a work process automatically does not makes mistakes and does not appear absent as place of work.
Therefore, i will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.
The option includes "a. Evaluate the HR practices to ensure they are generating the behaviors needed to accomplish strategic goals. b. Identify the frequently absent employees, and replace them with artificial intelligence c. Remind employees about how Creative Minds is genuinely connected to supporting youth art programs. d. Demonstrate how the firm is committed to simultaneously tackling global social issues and maximizing shareholder wealth."
Learn more about this here
brainly.com/question/14868014
Answer:
Identify the frequently absent employees, and replace them with artificial intelligence.
Explanation:
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $302,000 and in Allowance for Uncollectible Accounts of $940 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. Bad debt expense for the year should be:
Answer:
$5,230
Explanation:
Account receivable balance = $310,000
Credit balance in allowance for uncollectible accounts = $970
Given percentage = 2%
So by considering the above information, the bad debt expense is
= Account receivable balance × given percentage - credit balance in allowance for uncollectible accounts
= $310,000 × 2% - $970
= $6,200 - $970
= $5,230
to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.
When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage.
In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.
Competitive advantage of a firm entails an attribute which enables a company to outperform its competitors such as Increasing customer-base over other firms.
Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.
Learn more about this here
brainly.com/question/17869281
new haven products has used lifo inventory valuation for the life of the company. each year, their lifo reserve increases. what can be assumed about the prices of inventory?
It can be assumed that the prices of inventory is increasing.
The LIFO method is an inventory system where the inventory purchased last is assumed to be the first to be sold. Ending inventory would be made up of inventories that were first purchased.
The FIFO inventory is an inventory system where the first purchased inventory is assumed to be the first to be sold. Ending inventory consists of inventory that was purchased last.
The LIFO reserve is the difference between the FIFO inventory and the LIFO inventory.
LIFO reserve = (FIFO inventory) - (LIFO inventory).
A similar question was answered here: https://brainly.com/question/6222309?referrer=searchResults
If the incorporator makes a serious mistake in the process of incorporation the business, such as not filing the articles of incorporation with the secretary of state, the courts may still recognize the corporation as a(n) _______ corporation. Multiple Choice de facto executory implied de jure
A De facto corporation is a term used by courts to show the events in which a business organization that has failed in its effort to be a de jure corporation which is a corporation by law. but it will still be treated as a corporation. The courts may still recognize the corporation as a De facto corporation.
A De facto corporation is simply known as a type of corporation which is organized with beautiful compliance with the requirements of incorporation and allowed to stand and exercise the powers of a corporation until its existence is backed up by the State.It shows that there is an extent of legal recognition of a corporation, even if its articles of incorporation may not have been filed correctly.
Conclusively, A De facto corporation is one where parties who tried to establish it must act in hope and must be running their business as a corporation.
Learn more from
https://brainly.com/question/7181318
Did the baby bust period create an increased supply of workers
Answer:
easy answer :
yes
Explanation:
Henry is preparing to give a report on the coronavirus vaccine and is starting his research. What are the BEST possible sources for him to use in his research?
✅government websites and newspapers
- friends’ and parents’ opinions
- Twitter and Reddit
- advertisements
Answer:
government websites and newspapers or
advertisements
If a term in a contract is ambiguous, the court will consider the parties'
A. acceptance
B. intent
C. offer
D. consideration
Answer:
intent
Explanation:
optimistic people view challenges as opportunities to influence decisions.
Answer:true
Explanation:true
a lost check with a blank endorsement on it can be cashed by
Answer:
A Blank Endorsement is - an endorsement consisting only of the endorser's signature. * If the blank endorsed check is lost or stolen, the check can be cashed by anyone who has it, so only use it when it is ready to be directly cashed or deposited into the bank. SPECIAL ENDORSEMENT.
Explanation:
when a market allocation of resources maximizes the total surplus received by all members of society we say there is
Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.
Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency.Therefore, When there is an economy efficiency, there would be maximization of total surplus.
Learn more at:https://brainly.com/question/15520856?referrer=searchResults
Which points are most efficient for the utilization of resources on a production possibilities diagram?
A. points along the curve
B. points inside the curve
C. points at the two intercepts of the curve
D. points outside the curve
Answer- A. point along the curve
Which of the following statements demonstrates intrinsic motivation?
a.
I traveled to Mexico to learn about my family's history.
c.
I joined the science club to make my parents happy.
b.
I work extra hours at my boring job to make extra money.
d.
I help out at a bake sale, so that I may recieve a pie afterwards.
Answer:
A
Explanation:
Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
hope it helps
Fill in the blank. . Roughly ___ million trademarks are registered with the U.S. government.
A. 10
B. 12
C. 2
D. 5
Roughly 2 million trademarks are registered with the U.S. government.
What is a Registered Trademark?This refers to the intellectual property of an individual or business that is duly registered and bears a mark, sign or symbol.
Hence, we can see that according to the official count, there are about 1.9 million trademarks that are registered with the American government, and thus, when roughly stated, one can say that they are 2 million and option C is correct.
Read more about registered trademarks here:
https://brainly.com/question/17508035
#SPJ1
Why is it important for a company to have structure?:
Answer: Organizational structure provides guidance to all employees by laying out the official reporting relationships that govern the workflow of the company. A formal outline of a company's structure makes it easier to add new positions in the company, as well, providing a flexible and ready means for growth.
Explanation:
suppose the market for apples is perfectly competitive. the first graph depicts the supply and demand curves for the market for apples. the second graph represents an individual apple grower. graph the demand curve the individual grower faces by placing the endpoints of the firm demand curve in the correct locations.
A perfectly competitive market is a market where there are many buyers and sellers of identical goods. The price of a good is determined by market forces. This means that price is determined at the intersection of the demand curve and supply curve for a good.
If a seller attempts to set the price for his good, the demand for his good will fall to zero as consumers would patronise other sellers who sell identical goods at a cheaper price. This means that the demand for goods in a perfectly competitive firm is perfectly elastic. Thus, the demand curve is horizontal.
Please find attached a graph that contains the answer. To learn more, please check: https://brainly.com/question/22698976
2. Why do Americans worship, love and defend the ultra rich and other celebrities? Do you? Give an example.
I'd say Americans praise the higher-ups and celebrities because the 1% is apparently an inspiration to the middle class and the person or people they see on television is a reflection of what could've been.
That's my take on it.
P.S. sorry for not answering your "Do You?" question because it's not my opinion, it's yours.
"Plain" and "ordinary meaning" refer to
A. voidable contracts
B. void contracts
C. unenforceable contracts
D. contract interpretation
hope it helps
#carry on learning
Answer:
D. contract interpretation
Explanation:
I just took it
A farmer producing soybeans sells her product in a perfectly competitive market. The current market price of soybeans is $20 a bushel. If the farmer asks $21 per bushel for her soybeans, she will sell a. half of her crop. b. all she wants. c. zero. d. the amount that maximizes her profit
Answer: 41 Dolars
Explanation: easy
what is the meaning of statistics??
Explanation:
1 : a branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data. 2 : a collection of quantitative data.
Answer:
Statistics is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data.
in a private placement of bonds, bonds may be sold to
The bonds in private placement can only be sold to the pre-selected investors and institutions.
The private placement means an private alternative to the process of issuing bonds which are previously publicly offered for the purpose of raising capital for the corporation.
The Private placement involves the offers or sales of debt/equity securities between the issuer and selected investors.
Therefore, in conclusion, the bonds in private placement can only be sold to the pre-selected investors and institutions.
Learn more about Private placement here
brainly.com/question/15093634
Select the correct answer.
Which statement describes an advantage or benefit of market research?
A.
It guarantees a business’s success and profits.
B.
All its methods are inexpensive and easy to apply.
C.
It helps a business explore new opportunities in the market.
D.
It is necessary only in a business’s initial stages.
Answer:
c
Explanation: just did the test
A loss is when:
A. Revenue is greater than expenses.
B. Revenue is less than expenses.
C. Revenue is equal to expenses.
D. None of the above.
83°F Sunny
Answer:
a if revenue is greater the loss in money will deplinish