This means that $21.00 per unit is the weighted average cost structure for such inventory purchases.
How do you track purchases of inventory?Take the example of a $1,000 credit purchase of inventory. For a $1,000 increase, debit your inventory account. In order to prove that you owe $1,000, credit your Payables account next. The credit reduces the balance of your Cash account because it is an asset as well.
How are inventory purchases accounted for?An organization's inventory purchases are tracked in the purchasing account, which is an account in the general ledger. A periodic system uses this account to determine how much inventory is available for purchase.
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to what extent have the seven principles of supply chain management remained current? what are some of the major changes that have occurred since they were first developed?
The seven principles of supply chain management have remained current, but some changes have occurred due to advancements in technology, globalization, and increasing customer demands for sustainability and transparency in supply chain operations.
The seven principles of supply chain management were first introduced by David Anderson, Frank Britt, and Donavon Favre in 1997. These principles include customer focus, continuous improvement, strategic alignment, integration, information sharing, supplier partnerships, and network-based. While these principles are still relevant, advancements in technology have led to increased automation, digitization, and the use of data analytics in supply chain management.
Globalization has also led to complex supply chain networks with more players involved, and the increasing demand for sustainability and transparency has resulted in a greater focus on ethical sourcing and supply chain visibility.
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gaap requires that inventory be shown on the balance sheet at its cost (the price paid) regardless of its current value. this statement is
GAAP requires that inventory be shown on the balance sheet at its cost (the price paid) regardless of its current value. This statement is TRUE.
What is GAAP?
GAAP, also known as Generally Accepted Accounting Principles, is a set of standards and practices that companies use to prepare and present their financial statements. To ensure that financial reporting is consistent, reliable, and accurate, GAAP provides guidance on how to record and report various financial transactions, including inventory.
GAAP requires that inventory be shown on the balance sheet at its cost (the price paid) regardless of its current value. This is because the historical cost of inventory is considered to be a more objective and reliable measure of value than its current market value, which may be affected by factors such as supply and demand, seasonality, and other external factors.
By recording inventory at its cost, companies can ensure that their financial statements accurately reflect their financial position and performance over time. In conclusion, it is true that GAAP requires inventory to be shown on the balance sheet at its cost (the price paid) regardless of its current value.
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question content area debt securities include amon stock b.preferred stock c.notes and bonds d.all of these choices
Content area debt securities include all of these choices like common stock, preferred stock, notes and bonds.
What are debt securities?Debt securities are debt instruments or financial obligations that enable the owner to obtain interest income and repayment of the principal at maturity. There are a variety of debt securities available on the market that can be used to diversify your investment portfolio. Bonds, notes, and certificates of deposit (CDs) are examples of debt securities.
Preferred and common shares are examples of equity securities, which are ownership positions in a firm's assets and earnings. When a corporation requires capital, it can issue debt or equity securities to raise it.
What are the types of debt securities?Bonds, notes, and bills of exchange are examples of debt securities that are typically used by businesses and governments to finance their operations.
Some other types of debt securities include:
Corporate bonds, Municipal bonds, Government bonds, Treasury bills, Eurobonds, Convertible bonds, Callable bonds, High-yield bonds, Bearer bonds, Credit-linked notes, Asset-backed securities.
Debt securities are a popular type of investment because they provide a guaranteed stream of revenue. Because they provide a fixed rate of return, they are often more secure than equity securities, but they also offer lower returns in comparison.
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consider the following credit card: card apr compounding a 6.2200% annual b 6.0583% daily c 6.1277% quarterly d 6.1204% monthly which one would you choose? card c correct! card a card d card b
In the following question, option C: card apr compounding a 6.2200% annual b 6.0583% daily c 6.1277% quarterly d 6.1204% monthly, The answer is a credit card with an APR of "6.1277%"
which one would you choose? The credit card with an APR of 6.1277% quarterly would be preferred among the credit cards listed above.
What is APR?APR (Annual Percentage Rate) is the yearly interest rate on credit cards or loans, including any fees or extra costs.
APR is a way to compare the overall cost of borrowing money among different lenders. Card APR Compounding 6.2200% Annual b 6.0583% Daily 6.1277% Quarterly 6.1204% Monthly
Which APR is most preferred and why? The credit card with an APR of 6.1277% quarterly would be preferred among the credit cards listed above. This is because the quarterly compounding frequency (four times per year) provides the cardholder with more time to pay off the balance with lower interest charges.
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when a company performs a value creation activity in a region that is optimal for that activity, wherever in the world that might be, it is trying to capitalize on: economies of scope. the transnational strategy. location economies. its localization strategy. negative feedback loops.
when a company performs a value creation activity in a region that is optimal for that activity, wherever in the world that might be, it is trying to capitalize on location economies.
What is location economies?Different countries have different cultural, economic, legal and natural aspects. These differences directly affect the production costs of many commodities. Companies travel the world to find and operate the best settings for their goods. Producing your goods in optimal settings can give you a further advantage in production costs over your competitors. This is known as location economics. Trade barriers and transportation costs are also among the most important factors that should be investigated in detail before undertaking such activities.
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sales plan formulation, sales plan implementation, and salesforce evaluation are the three functions of
Sales plan formulation, sales plan implementation, and salesforce evaluation are the three functions of the sales management process.
Sales management refers to the management of an organization's sales activities, which include setting sales targets, managing salespeople, and forecasting sales, among other things. Sales management is critical for an organization's success because sales revenue is frequently a significant source of income.
Sales plan formulation is the process of determining the optimal sales strategy for an organization. This stage may involve identifying the target market, determining the appropriate pricing, and assessing the competition. A well-crafted sales plan will set the foundation for a successful sales strategy.
The second step in the sales management process is sales plan implementation, which is the process of executing the sales plan. The sales team is responsible for ensuring that sales objectives are achieved by engaging with potential customers and closing deals. A successful sales plan implementation should result in an increase in sales revenue.
Salesforce evaluation is the process of assessing the performance of a sales team. Salesforce evaluation enables sales managers to identify areas of improvement, develop strategies to address underperformance, and recognize top performers. Regular evaluations assist in the maintenance of a high-performing sales team.
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many employees at abc trucking are greatly influenced by sarah ross, the ceo, and have become fanatically devoted to her. the type of leadership style that best describes sarah ross is
The type of leadership style that best describes Sarah Ross, the CEO of ABC Trucking, is transformational leadership.
Transformational leadership is the kind of leadership style that is best suited for a CEO or a leader of a company that wants to inspire followers to follow their vision. This style of leadership promotes innovation and creativity among employees, empowers them to make decisions on their own, and motivates them to work towards achieving a common goal.
In transformational leadership, a leader inspires and empowers employees to develop their skills, abilities, and potential, creating a sense of meaning and purpose in the work they do. The leader works to achieve the company's goals by motivating employees to work towards achieving the vision of the company.
The employees at ABC Trucking are greatly influenced by Sarah Ross, the CEO, and have become fanatically devoted to her. This kind of devotion can only be achieved through transformational leadership, where employees are inspired to follow their leader's vision and work towards achieving the company's goals.
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like disney, comcast also owns media outlets and movie studios, as does time warner. as they pursue corporate-level strategies, these firms need to be aware that they experience what type of competition, which probably pushes them to seek increased diversification? a. vertical competition b. horizontal competition c. multipoint competition d. synergistic competition
Horizontal competition is the kind of rivalry that most likely drives businesses to seek more diversity. Therefore, choice (B) is right.
Businesses refers to the activity of earning a livelihood or earning money by creating, purchasing, and reselling goods and services.
Furthermore, it refers to "any activity or enterprise undertaken for profit.
The owner of the business is responsible and liable for any obligations made by the business since despite having a business name, they are one and the same. If the company accrues competition debts, the creditors may seize the owner's personal property.
Corporate tax rates cannot be applied to a firm structure. All profits earned by the business are subject to personal taxation by the owner.
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if real gdp is $15 trillion and the population is 300 million, then real gdp per capita is . multiple choice question. $4,500,000 $50 $50,000 $5,000
$50,000 is the appropriate response when real gdp is $15 trillion and the population is 300 million.
What is per capita real GDP?A measure of a nation's economic output that takes into account its population is called per capita real GDP. It is calculated by dividing the population of a nation by its total real GDP. The value of all goods and services produced by a nation in a given year is measured by its real GDP, which is adjusted for inflation. We can estimate the nation's average economic output per person by dividing real GDP by the population.
With a population of 300 million and a real GDP of $15 trillion, we can determine the real GDP per capita as follows:
Real GDP / Population equals real GDP per person.
Real GDP divided by 300 million people equals $15 trillion.
Real GDP per person equals $50,000.
Therefore, choice (c) $50,000 is the appropriate response.
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what are the main purposes of metrics during the final step of the marketing planning process? (choose every correct answer.) multiple select question. to consider how best to position the firm to explain why things happened to predict what will happen to understand the needs of a market segment
The main purposes of metrics during the final step of the marketing planning process is to predict what will happen to understand the needs of a market segment (option d).
Marketing metrics play a crucial role in the final step of the marketing planning process. Metrics are a set of quantitative and qualitative measurements used to evaluate and track the performance of marketing initiatives.
To understand the needs of a market segment, Marketing metrics help in understanding the needs and preferences of the target audience. By analyzing customer data, marketers can gain valuable insights into customer behavior, preferences, and needs. This information can then be used to tailor marketing strategies to better meet the needs of the target audience.
So, the correct option is (d).
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T/F,Companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance.
The given statement "companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance." is true because cultural values and ability to perform in the market can have a significant impact on a company's success.
Cultural values, such as transparency, mutual respect, and diversity, can have a significant impact on a company's bottom line. When employees share the same values, they are more likely to work together cohesively, reducing conflict and misunderstandings.
A company's success also depends on its ability to perform in the market. Managers should pay attention to business performance, which is the degree of effectiveness with which a company uses its resources to produce goods and services. Companies that perform well are often those that develop innovative products, adapt to changes in the market, and make the most efficient use of their resources.
Therefore, in today's volatile world, companies that succeed are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance.
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did the u.s. supreme court rule that the koke company of america infringed on coca-cola's trademark by using the name koke?
Yes. The US supreme court rule that the koke company of America infringed on Coca-Cola's trademark by using the name koke.
A trademark is a type of intellectual property that consists of recognizable symbols, designs, or expressions that identify products or services from a particular source and distinguish them from others. A trademark owner can be an individual, business organization, or legal entity. Trademarks can appear on packaging, labels, coupons, or on the product itself. Trademarks used to identify the Services are sometimes called service marks.
The first Trademark Act was passed in 1266 during the reign of Henry III. It was enacted in England and required all bakers to use a distinctive mark on the bread they sold. The first modern trademark law emerged in the late 19th century. In 1857, France enacted the world's first comprehensive trademark system. His 1938 Trade Marks Act of the United Kingdom changed the system to allow registration based on "intent to use" and created a trial-based process for creating an application publication system.
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comm 3067 organizational charts and written documentation are outcomes of which school of thought? contingency/situational school human resources classical and bureaucratic school/scientific management human relations
Organizational charts and written documentation are outcomes of the classical and bureaucratic school/scientific management.
Classical and bureaucratic school/scientific management is a management theory that focuses on identifying the most efficient way to execute tasks and functions within an organization. Organizational charts and written documentation are a few of the outcomes of the classical and bureaucratic school/scientific management. The classical and bureaucratic school/scientific management theorists believed in the power of standardization to increase organizational efficiency.
The classical and bureaucratic school/scientific management was developed during the Industrial Revolution, which took place between the 18th and 19th centuries.The major theorists of the classical and bureaucratic school/scientific management include Frederick Winslow Taylor and Henri Fayol. Both of these theorists believed that the primary goal of any organization was to maximize efficiency, and that this could be achieved by standardizing procedures, breaking down tasks into smaller, more manageable parts, and analyzing workflows to identify areas that could be improved.
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goodman corporation has the contribution margin of $50,000 and net operating income of $10,000. the degree of operating leverage is: goodman corporation has the contribution margin of $50,000 and net operating income of $10,000. the degree of operating leverage is: 3 2.67 5 2
Goodman Corporation's operational leverage is 5. A DOL of 5 means that the company's net profit will change by 5% for every 1% change in sales revenue.
What is operating leverage?A income statement operating profit (NOI) sensitivity to changes in sales revenue is measured by the degree of operational leverage (DOL). It is determined by dividing the percent change in sales revenue by the percentage change in NOI.
The following formula can be used to get the DOL using the contribution margin (CM):
CM = DOL / NOI
The contribution margin in this instance is $50,000 while the net operating profit is $10,000. The DOL is thus:
As a result, Goodman Corporation's operational leverage is 5. A DOL of 5 means that the company's net profit will change by 5% for every 1% change in sales revenue.
DOL = $50,000 / $10,000 = 5
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the lippie company, a profit-maximizing firm producing chapstick, is in a perfectly competitive chapstick market. assume the lippie company employs a fixed number of employees and rents a machine for a variable number of hours from a perfectly competitive market.
The Lippie Company, a profit-maximizing firm producing chapstick, operates in a perfectly competitive chapstick market: They employ a fixed number of employees and rent a machine for a variable number of hours from a perfectly competitive market.
Since The Lippie Company is a perfectly competitive firm, it will take the market price as given and produce at the quantity where P=MC.The Lippie Company employs a fixed number of employees and rents a machine for a variable number of hours. Since it is in a perfectly competitive market, the price it has to pay for each input is given. To maximize profit, The Lippie Company should choose the combination of inputs that minimizes its total cost of producing a given level of output. This will occur where the marginal product of labor (MPL) divided by the wage rate (W) equals the marginal product of capital (MPK) divided by the rental rate of capital (R).This is known as the input combination rule for profit-maximizing firms.
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determine whether there is a specific market price above which demand is zero or price per unit is unbounded. write the maximum possible market price, using dollars per unit as the units of measure for input. (if the price per unit is unbounded, enter unbounded.)
Without more information on the product and the market, it is impossible to determine if there is a specific market price above which demand is zero or if the price per unit is unbounded.
In some markets, there may be a price point above which demand drops to zero because customers are not willing to pay that much for the product. In other markets, demand may continue even as prices increase, indicating an unbounded price per unit.
Without additional context, it is impossible to determine whether there is a maximum possible market price for the product in question or if the price per unit is unbounded.
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diana is retiring today at age 66 and expects to live to age 82. she has $136,000 in her retirement savings account. she is somewhat conservative with her money and expects to earn 6 percent during her retirement years. how much can she withdraw from her retirement savings each month if she plans to spend her last penny on the morning of her death? group of answer choices $919.46 $1,103.56 $909.92 $1,416.08 $847.78
The amount that Diana can withdraw from her retirement savings each month if she plans to spend her last penny on the morning of her death is $1,103.56. Option B is the correct answer.
To determine the amount of money that Diana can withdraw from her retirement savings each month if she plans to spend her last penny on the morning of her death, we will use the formula:
PV = [tex]\[Pmt\times \left[ \frac{\left( 1-{{\left( 1+i \right)}^{-n}} \right)}{i} \right]\][/tex]
where
PV = present value
Pmt = payment amount
i = interest rate
n = number of periods
First, we will calculate the value of PV. Here, PV is $136,000 as that is the present value of her savings.
Next, we need to determine the interest rate. Since Diana expects to earn 6% on her retirement savings during her retirement years, the interest rate will be 0.06.
Finally, we need to calculate the value of n. The number of periods will be 16 (i.e., the number of years between the time she retires at age 66 and the time she expects to die at age 82).
Substituting the values into the formula, we get:
136,000 = [tex]\[Pmt\times \left[ \frac{\left( 1-{{\left( 1+0.06 \right)}^{-16}} \right)}{0.06} \right]\][/tex]
Pmt = $1,103.56
Therefore, Diana can withdraw $1,103.56 from her retirement savings account each month if she plans to spend her last penny on the morning of her death. Option B is the correct answer.
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true or false: it is free for a company to raise money through retained earnings, because retained earnings represent money that is left over after di
True. Retained earnings are the portion of profits that are not paid out to shareholders as dividends, but are instead reinvested back into the business.
Retained earnings are an important aspect of a company's financial statements, as they provide insight into the company's financial strength and stability.
Retained earnings represent the portion of a company's profits that are not distributed as dividends to shareholders but rather kept within the company to be reinvested in the business or used to pay off debt or make other strategic investments.
This means that retained earnings can be a cost-effective way for a company to raise money, as they do not require the payment of dividends to shareholders or the sale of additional shares of stock. As a result, companies can use retained earnings to finance growth and expansion without incurring additional costs or diluting the ownership of existing shareholders.
The complete question is:
True or False: It is free for a company to raise money through retained earnings, because retained earnings represent money that is left over after dividends are paid out to shareholders.
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a property that produces a level of noi of $200,000 per year is expected to be sold in year 5 for $2,000,000. if the property was purchased for $2,000,000, what percent of the irr can be attributed to the operating income only?
The percentage of the IRR that can be attributed to operating income is approximately 37.91%.
To calculate the percentage of IRR that can be attributed to operating income, we can use the formula:
⇒ Percentage of IRR that can be attributed to operating income = Present value of operating income / Initial investment x 100
Using the information provided, we can assume that the initial investment is $2,000,000 and that the net operating income (NOI) is $200,000 per year. Assuming a discount rate of 10%, we can calculate the present value of the operating income for each year using a financial calculator or spreadsheet software. Adding up the present values of the operating income for each year, we get a total present value of approximately $758,157.35.
Plugging in the values to the formula, we get:
⇒ Percentage of IRR that can be attributed to operating income = $758,157.35 / $2,000,000 x 100 = 37.91%
Therefore, approximately 37.91% of the IRR can be attributed to the operating income, while the remaining portion of the IRR is attributed to the sale of the property.
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what is the current trend in measuring the effectiveness of corporate ethics and compliance programs?
The current trend in measuring the effectiveness of corporate ethics and compliance programs is through the use of data analytics.
Data analytics involves the use of software and other tools to analyze large amounts of data to identify patterns, trends, and other insights that can be used to improve corporate ethics and compliance programs.
This can help identify areas of non-compliance and unethical behavior and can provide insights into the effectiveness of training programs and other initiatives aimed at improving corporate ethics and compliance.
Data analytics can also be used to identify areas where additional resources may be needed to improve the effectiveness of ethics and compliance programs.
It is an important tool for measuring the effectiveness of corporate ethics and compliance programs and is likely to become increasingly important as companies seek to improve their ethical performance in response to increasing stakeholder demands for transparency and accountability.
Therefore, the current trend in measuring the effectiveness of corporate ethics and compliance programs is through the use of data analytics.
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a customer who is retired wants to select an investemetn that is liquid, marketable, and that provides regular income. the best choice would
Treasury Notes is the appropriate response. A Treasury note, sometimes known as a "T-note," is a marketable form of U.S. government debt with a fixed interest rate and a maturity of two to ten years.
Should I purchase Treasury bonds?For investors seeking security and an interest rate that is fixed and paid semi-annually until the bond matures, Treasury bonds can be a wise investment. An investment portfolio's asset allocation includes bonds as a key component.
Provide a liquid investment example?A liquid investment is one that can be quickly turned into cash without significantly depreciating in value. Cash, money market funds, and stock in publicly traded corporations that trade often on a reputable stock exchange are all examples of liquid investments.
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The complete question is below :-
A customer who is retired wants to select an investment that is liquid, marketable, and that provides regular income. The BEST choice would be to recommend:
A. Treasury Bills
B. Treasury Notes
C. Preferred Stock
D. Certificates of Deposit
for which product would luis be most likely to ask a coworker or family member about their purchase of the same product to gain information on the service's credence properties?
Luis would be most likely to ask a coworker or family member about their purchase of "physician's services" to gain information on the service's credence properties.
Physician's services are considered credence goods, which means that it is difficult for consumers to evaluate the quality of the service even after it has been consumed. As a result, consumers often rely on the opinions of others who have already used the service to make informed decisions.
Since physician's services are usually associated with health concerns and can have significant consequences, it is understandable that Luis would seek the opinions of others to gain more insight into the quality and effectiveness of the service before making a decision.
This question should be provided as:
Luis needs a service provider he can trust. For which of the following products would Luis be most likely to ask a coworker or family member about his or her purchase of the same product to gain information on the service's credence properties?Learn more about Credence attributes https://brainly.com/question/13793972
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the national football league players association agreed to a salary cap. this is an example of how the
The National Football League Players Association (NFLPA) agreeing to a salary cap is an example of collective bargaining. Collective bargaining is the process of negotiations between an employer and a group of employees to determine wages, benefits, working conditions, and other aspects of the employment relationship.
The NFLPA is a labor union that represents professional football players in the National Football League. They negotiate and enforce a collective bargaining agreement (CBA) that governs wages, hours, benefits, and other terms of employment. This means teams can’t outbid each other for the best players, and that players can’t ask for exorbitant salaries.
The NFLPA agreeing to a salary cap is an example of collective bargaining, which is a key tool used by unions to ensure fair treatment and wages for their members. By negotiating a salary cap, the NFLPA was able to create a financially stable system that allows teams to compete without putting them in financial jeopardy.
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the bookkeeper for company wrote a check for to pay for furnace maintenance. the check was incorrectly recorded in the general journal as . the entry to correct this error would be
The entry to correct the incorrectly recorded check in the general journal is a debit to Cash and a credit to the expense account that the check was meant to pay.
The entry to correct this error in the general journal would be to debit the account Furnace Maintenance and credit the account Cash for the amount of the check. HTML Version: The entry to correct this error in the general journal would be to debit the account Furnace Maintenance and credit the account Cash for the amount of the check.
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zeneration electronics inc. produces and sells consumer electronics. the exceptional microprocessors created by the company enhance its strong resource immobility. in light of the resource-based view of competitive advantage, what does this situation imply?zeneration electronics inc. produces and sells consumer electronics. the exceptional microprocessors created by the company enhance its strong resource immobility. in light of the resource-based view of competitive advantage, what does this situation imply?
In light of the resource-based view of competitive advantage, the situation described implies that Zeneration Electronics Inc. has a sustainable competitive advantage over its competitors.
The resource-based view of competitive advantage suggests that firms can gain and sustain a competitive advantage by possessing resources and capabilities that are valuable, rare, difficult to imitate, and non-substitutable. In this case, Zeneration Electronics Inc. has created exceptional microprocessors, which are a valuable and rare resource.
Furthermore, the strong resource immobility of the company suggests that its competitors may find it difficult to replicate this resource, which makes it difficult to imitate. Finally, the fact that the microprocessors are exceptional implies that they are non-substitutable.
Therefore, Zeneration Electronics Inc. possesses a valuable and rare resource that is difficult to imitate or substitute, which gives it a sustainable competitive advantage over its competitors. This advantage is likely to last as long as the company continues to maintain its strong resource immobility and innovation capabilities.
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long-run diseconomies of scale exist over the range of output for which the long-run average cost curve is
Long-run diseconomies of scale exist over the range of output for which the long-run average cost curve is rising.
What is long-run diseconomies?
Diseconomies of scale happen when a company grows so much that the cost of production per unit rises. In the long run, diseconomies of scale arise.
These occur when a company expands beyond the optimum scale of production, and its long-run average costs rise. When companies reach their optimal size, economies of scale set in, and long-run average costs begin to fall.
The costs of inputs, which have an effect on the company's long-run average cost, contribute to long-run diseconomies of scale. The long-run average cost curve shows how the minimum cost per unit varies as a result of changes in output.
In the long run, a firm has enough time to change all of its inputs, such as labour and capital, as well as expand or contract its output. Long-run diseconomies of scale exist over the range of output for which the long-run average cost curve is rising.
The reason behind this is that as a firm expands its output beyond its optimum level, it incurs additional costs per unit of output because the long-run average cost of production begins to rise.
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the economic theory that emphasizes the role of difficulties in coordinating economic affairs as a cause of economic fluctuations is known as
The economic theory that emphasizes the role of difficulties in coordinating economic affairs as a cause of economic fluctuations is known as "coordination failure theory".
Coordination failure theory, also known as coordination games, emphasizes the difficulties in coordinating economic affairs as a cause of economic fluctuations. It was introduced to the modern literature of macroeconomics by Thomas Schelling and Robert Aumann, and it is part of the general class of equilibrium selection problems.
The concept of coordination failure is centered on the idea of multiple equilibria, each with the potential to emerge in the economy, some of which are desirable and some of which are not.
In coordination failure theory, the fundamental problem is that of reaching coordination in situations where the economy is stuck in an unfavorable equilibrium or multiple equilibria. The theory of coordination failure has many possible applications, such as wage-setting, fiscal and monetary policy, and exchange rates.
It can help explain why economies are prone to experiencing fluctuations, crises, and stagnation in some cases.
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konan, inc. needs to determine its inventory value. the following information pertains to the individual products in ending inventory: product cost replacement cost selling price cost of completion normal profit l-19 $ 40 $ 38 $ 50 $ 2 $ 11 m-23 52 40 60 10 8 n-05 20 24 30 2 6 assuming konan uses the lifo method for costing its inventory, the maximum limit for market value of product l-19 is: multiple choice $37. $38. $48. $50.
The write-down of the inventory value based on the lower cost or net realizable value for item M-23 is $2 multiplied by the number of units of M-23 in inventory is $50. (option d).
In the case of Konan Inc., they need to determine if the net realizable value of item M-23 is lower than its cost. Net realizable value is the estimated selling price of inventory, minus the costs associated with selling the inventory.
Based on the given information, the cost of M-23 is $52, and its selling price is $60, while the costs to sell it are $10. Therefore, the net realizable value of M-23 is $60 - $10 = $50.
However, the problem only asks for the write-down of the inventory value for item M-23, not the entire inventory.
Then the correct option is (d).
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Tthe ____ mostive encourages entrepreneurs to start businesses, expand existing onem create new products or improve existing ones, and/or improve production processes to use resources efficiently.
The positive motive encourages entrepreneurs to start businesses, expand existing one create new products or improve existing ones, and/or improve production processes to use resources efficiently.
What is innovation?Innovation refers to a process of creating something new that has value. It is the creation of something new, different, and unique that benefits the consumer, society, and the economy. Innovation can be something new that has never been seen before, or it can be something that already exists but is improved in some way or is made better. Innovation can be applied to products, processes, and services.Innovation and entrepreneurshipInnovation and entrepreneurship are closely linked. The concept of entrepreneurship involves identifying opportunities and creating new ventures.
Innovation is a necessary condition for entrepreneurship, as it involves developing new ideas and technologies that can be used to create new products, processes, and services. Innovation is often the driving force behind the success of new ventures, as it provides a competitive edge that can help to differentiate products and services from those of competitors.
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all of the following about nonalcoholic beverages are true except: question 24 options: 1) fair trade ensures that buyers are not being overcharged by suppliers on their coffee purchases. 2) when purchasing postmix nonalcoholic beverage products, the buyer anticipates some ap cost savings because he or she is using product concentrates. 3) standing orders for nonalcoholic beverages are delivered by route sales people. 4) coffee is best stored under refrigeration or in the freezer.
All of the following about nonalcoholic beverages are true except fair trade ensures that buyers are not being overcharged by suppliers on their coffee purchases.
What is Fair Trade?Fair Trade is a movement that aims to improve the circumstances of small producers and workers in developing nations. The goal of fair trade is to alleviate poverty and encourage more equitable and sustainable development through global trade that promotes worker rights, sustainable farming, and environmentally sustainable practices.
Fair trade ensures that the buyers are not being overcharged by suppliers on their coffee purchases. So, this statement is false.
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