When revenue is greater than total expenses, resulting in a net income, the income summary account has a credit balance.
Net income is reported when a company's income exceeds its expenses. If its costs are greater than its income, a net loss is reported. If the company's revenue exceeds its expenses, the closing journal debits the revenue summary and credits the retained earnings.
In the event of a period loss, you must credit your income collection account and withdraw any retained earnings. Net profit represents the difference between gross income and total expenditure, while net loss represents the excess of expenditure over income. Nominal accounts are used to track financial transactions over a period of time.
Learn more about Net income here:- https://brainly.com/question/28390284
#SPJ4
the baldwin company will increase its automation for the boat product by 2.0. assuming no further change in capacity, how much will this investment in automation cost?
The Baldwin company will increase automation for the product by 2.0, the cost of the automation is going to be $10,800,000
Now, According to the question:
How to solve for the automation cost?
We have the following details to answer the question with.
Material cost is 14.04
The current automation is 7 percent
The cost of labor is 6.95
Next sound capacity is 1,350
Automation increase = 2% + 7% = 9%
Cost to increase automation =
Capacity * 4 (new automation - old automation)
1350 * 4(9-7)
= 10800
An input of 1 is given as 1000.
Therefore the automation cost is 10800 * 1000
= $10800000
Learn more about Automation cost at:
https://brainly.com/question/17097858
#SPJ4
the rules of action or guidelines that ensure uniformity of pricing decisions within a retail operation are know as the retailer's pricing:
The retailer's pricing policies are the set of rules or directives that guarantee consistency in pricing choices within a retail business.
Consumers ultimately pay the retail price to buy an item. The retail price you establish for a product must contain your cost of goods plus a profit-making markup in order for you to break even. Pricing is important because it determines how much value you and your consumers place on your products. Customers can determine whether an item is worthwhile of their time and money by looking at the tangible pricing point. the cost of products purchased by customers in stores: The majority of the sneakers cost more than $100 at retail. One of the three most common pricing models is cost-based or cost-plus pricing. Pricing is influenced by the market. Prices are based on value.
Learn more about retailer's pricing from
brainly.com/question/29771618
#SPJ4
the following data relate to direct materials costs for february: materials cost per yard: standard, $2.00; actual, $2.10 standard yards per unit: standard, 4.5 yards; actual, 4.75 yards units of production: 9,500 calculate the direct materials quantity variance.
The direct materials quantity variance is $937.50.
This is calculated by multiplying the difference in standard and actual yards per unit (4.75-4.5) by the number of units of production (9,500) and the standard materials cost per yard ($2.00).
The formula is (4.75-4.5) x 9,500 x $2.00 = $937.50.
Quantity variance is the difference between the actual quantity of an item and the standard quantity of an item that is allowed.
It is often used in cost accounting to measure the efficiency of production by comparing the actual quantity produced to the expected or standard quantity.
Cost accounting is the recording of all the costs incurred in a business in a way that can be used to improve its management.
To know more about accounting here
https://brainly.com/question/14286839
#SPJ4
in order to most profitably engage in price discrimination, a firm will lower the price for consumers whose demand is _____ and raise the price for consumers whose demand is ______.
In order to most profitably engage in price discrimination, a firm will lower the price for consumers whose demand is inelastic and raise the price for consumers whose demand is elastic.
The interaction of a market's supply and demand factors determines price. The desire of consumers and producers to engage in purchasing and selling is represented by demand and supply. When buyers and sellers can agree on a price, a product exchange takes place.
According to the theory of price determination in microeconomics, the connection between producer supply and consumer demand at any given instant determines the price of a certain commodity or service. Prices ought to increase when demand outpaces supply and decrease when supply outpaces demand.
Know more about the price determination at: https://brainly.com/question/15155462
#SPJ4
does each of the following government activities promote competition or limit monopoly power by regulating markets? place each in the correct category.a. Directing local cable companies to reduce Internet fees for rural consumers companies rate increases b. Breaking up Standard Oil into smaller companiesc. Forcing a municipal water company to limit rate increases d. Limiting content on public airwaves e. Preventing the merger of two pharmaceutical companieson 1. Regulating markets 2. Promoting Competition
Directing local cable companies to reduce Internet fees for rural consumer companies rate increases by Promoting Competition. Directing local cable companies to reduce Internet fees for rural consumer companies rate increases by Regulating markets. In these ways, government activities promote competition or limit monopoly power by regulating markets.
What are the Regulating markets?A controlled market, also known as a coordinated market, is a hypothetical one in which the government and other organizations control the market, supply and demand dynamics, and to some extent, market behavior.
A Regulating market that is regulated is one that has some amount of control and supervision from governmental entities, or, less frequently, from business or labor unions. The government frequently decides who may enter the marketplace and what prices companies may charge. This is known as market regulation.
The benefits of a Regulating market are as follows: It guards the security of customers. It safeguards both the environment and the public's health and safety. It watches for the economy's stability.
Learn more about the Regulating markets here:
https://brainly.com/question/29540053
#SPJ1
a key feature of group medical expense plans is the employee being required to pay a percentage of covered expenses in excess of the deductible. this feature is:
a key feature of group medical expense plans is the employee being required to pay a percentage of covered expenses in excess of the deductible. this feature is Coinsurance.
The amount that an insured must pay toward a covered claim after the deductible has been met is known as coinsurance. This amount is typically represented as a fixed percentage. It is normal in medical coverage. Coinsurance provisions are also included in some property insurance policies. In this instance, the amount of coverage for a structure that the property owner must purchase is known as the coinsurance.
In health insurance and some property insurance policies, coinsurance is common.
The percentage that an insured person pays toward a covered expense or service after the policy deductible has been met is known as coinsurance in health insurance.
The 80/20 split is one of the most typical coinsurance breakdowns: The insured receives 20% of the payment, while the insurer receives 80%.
Similar to copayments, coinsurances are based on a percentage of the total cost, whereas copays require the insured to pay a predetermined amount at the time of service.
A home must be insured for a percentage of its total cash or replacement value under a property insurance policy's coinsurance clause.
To know more about Coinsurance visit
brainly.com/question/12104973
#SPJ4
a project has the activity duration and cost information indicated in the table where all times are in weeks. there is a penalty of $5,000 per week for every week the project extends beyond 45 weeks. what is the lowest total cost for completing this project?
Finishing this job could cost as low as $222,000 in total. If the project is finished in 45 weeks, the final cost will be $400,000. If the project is completed in 46 weeks, the overall cost will be $405,000. The project is finished in 45 weeks, which has the lowest overall cost.
This project can be finished for as little as $222,000 overall. This is so that there is no penalty if the project is finished in 45 weeks. A $5,000 fine is imposed if the project is finished in less than 46 weeks. Thus, completing the project in 45 weeks results in the lowest overall cost. Examining the costs associated with each action is one method to approach this. The first activity will cost $40,000 to complete. The second activity will cost $60,000 to complete. The third activity will set you back $80,000. The fourth action will set you back $100,000. The sixth activity will set you back $120,000. The project will cost $400,000 in total. The overall cost, if the project takes 45 weeks to complete, is $400,000. The whole expense is $405,000 if the project is finished in 46 weeks. Thus, completing the project in 45 weeks results in the lowest overall cost.
To know more about Cost, refer to this link:
https://brainly.com/question/20534030
#SPJ4
About what percentage of the variation in worker wages can be attributed to such measurable explanatory factors?
Studies performed by labor economists find that less than 50% of wage dispersion can be explained by measurable factors. Some of the measurable factors typically used include years of experience, age, and race.
Economists observe the manufacturing and distribution of sources, items, and services by amassing and analyzing records, gaining knowledge of developments, and evaluating monetary issues. An economist is someone who studies the reasoning in the back of choices human beings make and is interested in using records to reinforce income, create higher public policy or behavior studies.
The countrywide common earnings for economists is $one hundred and one,813 in line with year , but the revenue you may earn relies upon on factors like your training, experience level and organization. some geographical areas also pay economists more than others. right here are the common salaries for an economist through the kingdom, beginning with the best. accumulating statistics from a couple of sources, gathering and analysing massive quantities of data from assets which include authorities figures, courses, net-based totally studies and industry surveys. discovering and know-how economic models and tendencies.
Learn more about economists here: https://brainly.com/question/28811787
#SPJ4
what are the interest cost and the total amount due on a six-month loan of $1,500 at 11.1 percent simple annual interest?
The total interest a borrower will pay over the course of the debt is called the interest cost. In this case interest cost will be 83.25.
The total interest a borrower will pay over the course of the debt is called the interest cost. Interest costs should be reduced through negative points and refunds. A loan analysis should also take opportunity costs, tax advantages, and closing fees into account in addition to interest charges. Mortgages, student, vehicle, and credit card loans are just a few of the consumer financial responsibilities that involve interest costs. Corporate borrowings such as commercial paper, revolving lines of credit, long-term bank loans, bonds, and lease costs are all heavily influenced by interest charges, which are another significant factor to take into account.
By multiplying the principal loan amount by the interest rate and the loan duration, you may find your total interest.
In this case interest cost can be calculated:
- I = Prt
- I = (1500)(.111)(6/12) = 83.25
- Total Cost = Down Payment + Principal Borrowed + Interest
- Total Cost = 0 + 1500 + 83.25 =1583.25
Know more about interest:
https://brainly.com/question/6864390
#SPJ4
martin co. had net income of $70,000 during the year. depreciation expense was $10,000. the following information is available: accounts receivable increase $20,000 equipment gain on sale increase 10,000 nontrade notes payable increase 50,000 prepaid insurance increase 40,000 accounts payable increase 30,000 what amount should martin report as net cash provided by operating activities in its statement of cash flows for the year?
The $40,000 quantity should martin document as net money provided by means of working things to do in its declaration of money flows for the year.
Explanation,
Net Income – 70,000
Less Account Recievable – (20,000)
Less Gain – (10,000)
Less Prepaid – (40,000)
Add Account Payable – 30,000
Add Depreciation – 10,000
Equals: $40,000
What is Depreciation Expense?Depreciation fee is that component of a constant asset that has been viewed bump off in the contemporary period. This amount is then charged to expense. The intent of this cost is to regularly limit the carrying quantity of fixed belongings as their cost is consumed over time.
How do you calculate depreciation expense?Tracking the depreciation rate of an asset is vital for reporting purposes due to the fact it spreads the price of the asset over the time it is in use. The simplest way to calculate this cost is to use the straight-line method. The method for this is (cost of asset minus salvage value) divided by way of beneficial life.
Learn more about depreciation expense here:
https://brainly.com/question/28108679#SPJ4revenues are recorded when: a) the company signs a contract. b)work is begun on the job. c) cash is received from the customer. d) the work is completed on the job, whether or not the cash is received.
Revenues are recorded when d) the work is completed on the job, whether or not the cash is received.
Revenues and income are each true signs and symptoms of your enterprise, however, they're not interchangeable terms. each constitutes a critical manner to recognize your enterprise. revenue describes earnings generated via commercial enterprise operations, even as income describes internet profits after deducting prices from income.
Sales and gains both sound like precise news, and they are. but revenues are increases in property resulting from what an enterprise is inside the business to do. gains are will increase in belongings from out-of-the-regular sports. The technical time period is from peripheral activities, this is, sports now not significant to the commercial enterprise.
Learn more about Revenues here https://brainly.com/question/23706629
#SPJ4
An important reason why the Federal Reserve would not want to keep interest rates at 0% forever is that: a) it restricts the money supply, making it harder for banks to lend money. b) it limits the ability of the Fed to use expansionary monetary policy when the next recession occurs. c) it makes borrowing for homes and major purchases more expensive. d) it raises the possibility of higher unemployment because lower interest rates slow economic growth.
An important reason why the Federal Reserve would not want to keep interest rates at 0% forever is that it limits the ability of the Fed to use expansionary monetary policy when the next recession occurs.
A macroeconomic monetary strategy known as an expansionary monetary policy seeks to speed up the rate of monetary expansion in order to promote the expansion of a domestic economy. More money must be available to promote economic growth. The influx of cash encourages company capital expenditures as well as consumer consumption.
The United States of America's central banking system is called the Federal Reserve System. In the Federal Reserve Act, Congress outlined three main goals for monetary policy: increasing employment, maintaining price stability, and lowering long-term interest rates. After dividends on member banks' capital investments are paid and an account surplus is maintained, the federal government gets all of the system's yearly revenues.
Learn more about Interest Rate here:
https://brainly.com/question/28499836
#SPJ4
supershop, a 450-store supermarket chain, just ordered 90,000 cases of a new product from smyrl company, a relatively unknown regional manufacturer. the regular selling price per case is $24, but supershop received a 15 percent discount off the regular case price. this discount is called a(n) .
This discount is called a trade discount. A trade discount is referred to as a discount offered by the seller to the customer when goods are purchased.
The amount by which a manufacturer lowers the retail price of a product when it sells to a reseller rather than to the final consumer is known as a trade discount. In order to make a profit on the difference between the price at which the manufacturer initially sold the goods to the reseller and the price at which it ultimately sells the product to the final customer, the reseller then assesses the full retail price to its clients. If the reseller wants to increase market share or get rid of surplus inventory, selling at a discount is a frequent practice. However, the reseller is not required to resell at the suggested retail price.
Know more about trade discount here:
https://brainly.com/question/23246426
#SPJ4
george is a clerk in a hardware store. when an african-american comes into the store, george provides closer monitoring because he believes that african-americans will steal his merchandise. this unequal treatment that george applies to african american customers is an example of .
The unequal treatment that George applies to African American customers can be regarded as an ideal example of racial discrimination.
Racial discrimination can be referred to or considered as a practice of discriminating or differentiating the behavior between two different individuals or groups based on the differences in their races. Usually, African American people have a history of being the victims of socially and racially discriminated in the American society. This has been the biggest issues of the American culture for the past few centuries.
Learn more about racial discrimination here:
https://brainly.com/question/23186993
#SPJ4
nikita enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and selling for $952. at this price, the bonds yield 6.1 percent. what must the coupon rate be on the bonds? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The coupon rate on bonds is 53.2%.
The coupon rate is the annual income that a bondholder can expect to receive while holding the bond. It is calculated upon bond issuance by dividing the total yearly payments by the par value of the bond. When a bond is bought, its yield to maturity and coupon rate are equal.
Rate = 6.1%
8 years' worth of payment intervals.
PV = $952 in retail value
$1,000 face value is the FV.
When using Excel to locate the payment, we will obtain PMT = 53.25.
As a result, the payment will be 53.24, with the following coupon rate:
Face Value PMT = 53.22/1,000 = 53.2 percent
Bonds' coupon rate is 53.2%.
Learn more about coupon rates visit:
brainly.com/question/27123871
#SPJ4
Is a checking account a deposit account?
You can deposit and withdraw money fast using a checking account, a form of deposit account that can be created at a bank or credit union.
From a deposit account, which is a bank account kept by a financial institution, a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts, or any of the various kinds of accounts listed below. The balance that results from a transaction involving a deposit account is recorded as a liability of the bank and represents the amount that the bank owes the client. In other terms, a bank and a customer have a debtor and creditor relationship. Some banks charge fees for transactions made on a customer's account. Additionally, some banks offer their customers interest on their account balances.
Learn more about deposits from
brainly.com/question/1752098
#SPJ4
New classical economists believe that an increase in deficit financing by the government will
New classical economists believe that increase in deficit financing by government will Increase savings and fail to stimulate the economy
New classical economists typically believe that an increase in deficit financing by the government, also known as expansionary fiscal policy, will not stimulate the economy. According to the new classical economic theory, increases in government spending financed by borrowing will not increase aggregate demand and economic growth.
Instead, the increased government borrowing will lead to higher interest rates, reducing the private sector investment and ultimately offset the effects of the increased government spending. New classical economists argue that in order for expansionary fiscal policy to be effective, it must be accompanied by a corresponding reduction in taxes, which will increase disposable income and stimulate consumer spending and the economy as a whole.
Read more about classical economists on:
https://brainly.com/question/20081534
#SPJ4
which statement is true of incentives? multiple choice question. they are directly linked to the expenditures incurred to set up a subunit, such as a global product division. they are not tied to the performance metrics used for output controls. many employees receive incentives in the form of weekly salary. they refer to the devices used to reward appropriate employee behavior.
They are not tied to performance metrics used for output controls is true of the incentives.
What is a performance metric?Performance measurement is one type of which includes performance indicators or key performance indicators (KPI). Success is occasionally characterized in terms of advancing toward strategic goals, although it is frequently only the repeated, periodic achievement of various levels of operational goals. Determining what is vital to the organization is therefore a key component of selecting the appropriate KPIs. The selection of performance indicators is correlated with numerous approaches to examine the current state of the business and its core activities since it is necessary to grasp what is important well. Performance indicators are frequently linked with "performance improvement" programs as a result of how frequently these assessments identify prospective changes. Using a management framework, such as the balanced scorecard, is a widely popular method of choosing KPIs.
To learn more about performance metric, visit:
https://brainly.com/question/29455694
#SPJ4
explain the benefits and challenges of connecting with an event venue or entertainment properties in building a brand.
It allows your company to communicate with customers on a more personal level by showcasing your lifestyle, values, and ideals. These kinds of emotional ties will eventually aid in fostering brand loyalty benefits.
Planning an event: Challenges-Budgeting Issues Budgeting is one of the biggest problems that event planners have. Understaffing Issues, Choosing the Best Location, Technological Difficulties, Keeping Track of the Event Planning Process, Lack of Backup Plan for Bad Weather, Inexperienced Event Planners, Time Management. An event can be planned for a variety of goals, including to spread awareness, educate, promote, raise money, and amuse attendees. Every one of them has advantages. An event that is well-planned can make a significant difference in terms of visibility and goodwill. Brand recognition will be created by properly performed entertainment marketing, which will then monetize that interest. In fact, entertainment marketing attempts to generate revenue, for instance by encouraging consumers to buy a pizza brand that is promoted in a movie.
Learn more about benefits from
brainly.com/question/25890153
#SPJ4
What are the 3 types of accounts?
Real, personal, and nominal accounts are three different types of accounts used in accounting.
The two subcategories of real account are then determined: tangible real account and intangible real account. Personal accounts also come in three major subtypes: Natural, Representative, and Artificial. An account is a unique header used in accounting to classify comparable transactions. It is kept in a tabular T-shape format with many columns that contain matching transactions that are recorded concurrently. Real, Personal, and Nominal accounts are the three types of accounts in accounting that follow the conventional methodology. They are journalized in accordance with the fundamentals of accounting.
Learn more about account from
brainly.com/question/25787382
#SPJ4
What are the similarities between market economy and command economy?
The similarities between the market economy and the command economy includes,
Rational behaviors of producers and consumers;Similar financial goals;Optimum utilization of resources; andMoney and laborA command economy can be referred to or considered as an economy wherein the control of economic operations is in the hands of central government. Industrial ownership is also in the hands of the government. Whereas, a market economy is the one wherein private ownership of the industries within an economy is minimal.
Learn more about a command economy here:
https://brainly.com/question/13719381
#SPJ4
what is the magicband? what technology is inside it and what does it do? how do the bands benefit the customer experience? what benefits does disney realize from the system?
Magic Bands enable Disney to offer each visitor a streamlined and tailored experience. An RFID chip and long-range radio sensors are embedded into each band, enabling Disney to follow visitors around the park.
What kind of technologies does the Magic Band employ?
The Walt Disney World Resort uses plastic bracelets called Magic Bands and Magic Bands 2 that have RFID radios within. The Magic Bands are the key to the My Magic+ experience and give users a method to connect to data.
Throughout your holiday, you may travel lighter thanks to your Magic Band. Open your hotel room in the Disney Resort and shop for supplies. By enabling unique surprises that are tailored just for you all across the Walt Disney World Resort, Magic Bands provide a little bit of enchantment to your trip.
To know more about RFID chip click here
brainly.com/question/13030146
#SPJ4
linda has never worked as a manager before, but she was just promoted to a directorial position at her firm. she just had her first conversation with hr to strategize around how she can both reward her employees and also combat the negative effects of stress for her team. she is considering offering benefits in the form of _________ and __________ in order to keep her team positive and productive.
Linda has never worked as a manager before, but she was just promoted to a directorial position at her firm. she just had her first conversation with HR to strategize around how she can both reward her employees and also combat the negative effects of stress for her team. She is considering offering benefits in the form of flexible scheduling and leisure time in order to keep her team positive and productive.
By promoting fixed scheduling, Linda, as a manager, is making sure that all her employees are punctual to work and also there is no stress of work. She wants her team to work on flexible timings and also have leisure time.
Research has shown that when employees are made to work according to timings that are flexible to them and also are given leisure time to relax, they feel productive enough to work better. Employees who work on flexible timings have leisure time to themselves have increased positivity and hence work better.
To learn more about employees, click here:
https://brainly.com/question/27953070
#SPJ4
felix and oscar are roommates. oscar is messy and felix plans to move out unless they can come to an agreement. the roommates can only reach a private solution if oscar compensates felix for being messy. t or f
The given statement felix and oscar are roommates. oscar is messy and felix plans to move out unless they can come to an agreement is false.
The act or condition of making up for someone's loss, damage, or injury by providing the harmed person with a suitable benefit. Other examples of compensation include paying someone for their work.
Cost savings refers to the benefit realized from taking actions to reduce an organization's overall asset expenditure, which directly affects its bottom line. Among the cost-cutting strategies are productivity improvements and lower supply purchase costs. One of the most crucial commercial operations that may create or destroy a relationship is compensation.
Whether Felix pays Oscar to clean up after him or if Oscar pays Felix to make up for his mistake is irrelevant. Either approach might solve the problem, as long as living together saves more money than the private solution costs for each party involved and it is implemented.
Learn more about Compensation here:
https://brainly.com/question/13755469
#SPJ4
as the secondary market for loans has become active, banks are more able to satisfy their liquidity needs with a proportion of loans while achieving profitability. group of answer choices higher; higher lower; lower higher; lower lower; higher
As the secondary market for loans has become active, banks are more able to satisfy their liquidity needs with a higher proportion of loans while achieving higher profitability.
A mortgage is the lending of cash by using one or more people, agencies, or other entities to other people, corporations, etc. The recipient incurs a debt and is usually liable to pay hobby on that debt till it is repaid as well as to pay off the most important amount borrowed
A loan is a shape of debt incurred by an man or woman or other entity. The lender—normally a company, monetary organization, or authorities—advances a amount of money to the borrower. In return, the borrower consents to a sure set of terms which includes any finance charges, interest, repayment date, and other conditions.
Learn more about loans here:https://brainly.com/question/26011426
#SPJ4
If the economy is currently in short-run equilibrium at point a, what type of monetary policy would be most effective to bring the economy back to long-run equilibrium?
a) expansionary monetary policy to shift AD to the right
b) expansionary monetary policy to shift SRAS to the right
c) contractionary monetary policy to shift AD to the right
d) contractionary monetary policy to shift SRAS to the right
When the economy is currently in short-run equilibrium at point a, the type of monetary policy which would be most effective to bring the economy back to long-run equilibrium is expansionary monetary policy to shift AD to the right. The correct answer is A.
What are short-run and long-run equilibrium?Short-run equilibrium is when the aggregate amount of output is the same as the aggregate amount of demand. An economy is in short-run equilibrium when some factors of production are fixed and some are variable. Output can be raised only by raising the application of the variable factor. In the short run, the scale of production stays constant.
Long-run equilibrium is when prices adjust to changes in the market and the economy functions at its full potential. In the long run, a firm reaches equilibrium when it adjusts its plant/s to produce output at the minimum point of their long-run Average Cost (AC) curve. This curve is tangential to the market price described demand curve.
Learn more about short-run and long-run equilibrium at: https://brainly.com/question/16778362
#SPJ4
in a rising interest rate environment, how would bond values change over time? as a bond investor, what measures would you take to manage rate risk?
Investors should think about smaller duration bonds in a rising interest rate environment since when interest rates rise, the yield on the bond will also rise.
What impact do rising interest rates have on bonds?Bond prices and interest rates go hand in hand. Bond prices often decline as borrowing costs increase (when interest rates rise), and vice versa.The price of the bonds will decrease as they react to increased interest rates. Because corporate earnings, which are what typically drives the stock market, are negatively impacted when the Fed raises rates, stock prices may decline.Existing bonds lose value as interest rates increase due to the inverse connection between bond prices and interest rates. Investors should think about smaller duration bonds (maturities with 5 years or less) in a rising interest rate environment since when interest rates rise, the yield on the bond will also rise.To learn more about interest rates refer to:
https://brainly.com/question/25816355
#SPJ4
When considering perfect competition, the absence of entry barriers implies that:a, no firm can enter the industryb. it costs $0 to start a new business in perfectly competitive marketsc. all firms will earn economic profitd. firms can enter and leave the industry without serious impediments
Option (d), the absence of entry barriers suggests that businesses can enter and leave the industry without significant obstacles when considering perfect competition.
Are there impediments to entrance in a perfect market?There are no entrance barriers in a market with perfect competition. In a market where there is full competition and comparable or identical products are produced, businesses cannot control pricing. Therefore, companies are unable to employ strategic entrance barriers.
When thinking about perfect competition, the absence of entrance obstacles means that.Due to the absence of entry barriers, perfectly competitive enterprises are only capable of producing zero long-term economic profits. If short-term economic earnings are strong, that is a sign that new enterprises should enter the sector.
A corporation can either produce zero economic profits, economic losses, or positive economic profits in the short run if there are no barriers to market entry. The price is the same as the median total cost when the company is earning no economic profit.
Learn more about perfect competition: https://brainly.com/question/28325480
#SPJ4
in a deflationary market, in order to win the trust of consumers, it is essential for a company to question 11 options: 1) engage in forfaiting agreements with consumers. 2) spend more on advertising and stall the production of products. 3) allow prices to escalate and target the price insensitive segment of the market. 4) keep prices low and raise brand value. 5) form a cartel to control the dynamics of the market.
A corporation must spend more on advertising and put a hold on product creation in a deflationary market if it hopes to win customers' trust. Option (2).
When deciding where to sell your product, two important elements to consider are your product and your market. If you follow all the requirements, you might be able to sell your goods directly to consumers through door-to-door sales, farmers' markets, fairs, festivals, and even online. Taking dried fruit as an example, it is possible to purchase it safely and legally online. However, meat products cannot be offered online unless they are produced in a facility that has undergone inspection by the U.S. Department of Agriculture and are preserved against spoiling.
As an alternative, you might sell your goods through huge grocery chains, neighborhood grocers, specialty stores, brokers, or eateries. Although direct selling may not require a significant financial outlay, it does demand a significant amount of time and effort to close a deal—two resources that may be in limited supply if you are also manufacturing and packaging your own goods. Brokerage and shelf-space costs are typically higher with indirect selling. You can focus on enhancing your items and developing new ones by paying others to represent your product to potential wholesale clients.
Learn more about deflationary visit this link : brainly.com/question/13562161
#SPJ4
companies in which there is little pressure to reduce costs or adjust for local responsiveness and where most decisions are made using the home country's frame of reference have adopted which type of staffing policy?
Ethnocentric is the type of staffing policy of adopted by companies in which there is little pressure to reduce costs or adjust for local responsiveness and where most decisions are made using the home country's frame of reference.
It is an approach where main decision are made on the home country frame and domestic strategies are assumed to be superior, therefore it put less pressure on costs and adjust for local responsiveness.
In the ethnocentric approach, key positions in the organization are occupied by employees from their home country. All management decisions or missions, visions and goals are set by the multinational company at its headquarters and must be adhered to by the host company.
For example, if you are a manager in a foreign country, you can Transfer one of her existing employees who is a permanent resident of her home country.
To learn more about Ethnocentric, refer:
https://brainly.com/question/14700248
#SPJ4