When a state places an excise tax on a product with relatively elastic demand, the supply curve will shift to the left, indicating a decrease in supply.
The imposition of an excise tax on a product with relatively elastic demand would cause the supply curve to shift to the left, decrease the equilibrium output, and increase the equilibrium price. What is the excise tax? An excise tax is a tax that is imposed by the government on specific goods or services. Excise taxes are imposed on goods and services that are considered harmful to public health or that are consumed by wealthy people. They're sometimes known as "luxury taxes." An excise tax can be included in the price of the good or service or charged separately. Types of demand The degree of price responsiveness of a commodity is determined by the elasticity of demand. Elastic demand is a scenario in which the quantity of demand for a commodity is extremely responsive to a change in price, whereas inelastic demand is a scenario in which the quantity of demand for a commodity is relatively unresponsive to a change in price. What happens to the supply curve and the equilibrium price and output when the state imposes an excise tax on a product with relatively elastic demand? The imposition of an excise tax on a product with relatively elastic demand would cause the supply curve to shift to the left. This shift occurs because when a tax is imposed on a commodity, the cost of production of that commodity rises. As a result, the cost of production for the seller rises, which means that they will offer fewer goods at the same price as before the tax. This would cause the equilibrium output to decrease and the equilibrium price to increase. The following is a summary of the effects of the excise tax on the supply curve and equilibrium output and price: The supply curve shifts left. Equilibrium output decreases. Equilibrium price increases.
Visit here to learn more about excise tax:
https://brainly.com/question/22358769
#SPJ11
comparative advantage a. is also known as relative efficiency b. can lead to trade even in the face of absolute efficiency c. exists when one party can produce a good or service at a lower opportunity cost than another party d. all of the options
Comparative advantage, also known as relative efficiency, can lead to trade even in the face of perfect efficiency and exists when one party can produce a good or service at a lower opportunity cost than another party. Here option D is the correct answer.
The concept of comparative advantage states that trade between two parties can still be beneficial, even if one party is more efficient in producing all goods or services than the other. The comparative advantage arises when one party can produce a good or service at a lower opportunity cost than another party.
Opportunity cost refers to the value of the next best alternative forgone to produce something. Comparative advantage is a result of differences in relative efficiency rather than absolute efficiency.
It is possible for a party to have an absolute advantage in producing all goods or services, but still benefit from trade by focusing on the goods or services they can produce at a lower opportunity cost. In this way, trade can lead to mutual gain for both parties.
To learn more about comparative advantage
https://brainly.com/question/14668211
#SPJ4
which of the following affects the supply of the u.s. dollar in the foreign exchange market? exports from the united states increase due to depreciation of the u.s. dollar u.s. citizens invest in foreign firms and assets demand for imports from abroad by u.s. citizens
The increase in exports from the United States due to depreciation of the U.S. dollar affects the supply of the U.S. dollar in the foreign exchange market.
The foreign exchange market, also known as the Forex or FX market, is a global market where different currencies are exchanged.
It is the largest financial market in the world, with a daily trading volume exceeding $5 trillion.
When a country exports goods or services, it means they are sending them to another country.
This helps to balance trade by allowing businesses in one country to sell to customers in another country.
If the United States increases its exports due to the depreciation of the U.S. dollar, this leads to an increase in the supply of U.S. dollars in the foreign exchange market.
Therefore, this statement has an impact on the supply of the U.S. dollar in the foreign exchange market.
Learn more about foreign exchange market.
https://brainly.com/question/24276072
#SPJ11
under federal tax laws what is the tax treatment for an employer providing $50 000 of a contributory
Under federal tax laws, the tax treatment for an employer providing $50,000 of a contributory group term life plan is that the premiums paid by the employer are considered tax-deductible expenses for the employer, while the premiums paid by employees are considered taxable income for the employees.
What is a contributory group term life plan?Contributory group term life insurance is a type of insurance policy that is generally offered by employers to their employees as part of their benefits package. Employees who want to participate in the program must pay a portion of the premium, and the employer covers the rest.
The amount of coverage provided by the plan is usually a multiple of the employee's salary. Group term life insurance plans are a popular type of employee benefit because they provide basic coverage at an affordable cost, and they are relatively easy to administer.
To know more about term life, refer here
https://brainly.com/question/27910991#
#SPJ11
Complete Question:
Under federal tax laws, what is the tax treatment for an employer providing $50,000 of a contributory group term life plan to all its eligible employees?
which of the following statements about mercantilism is accurate? a. mercantilism advocates for a state to intervene in the economy only when crises arise. b. mercantilism directs the economy toward certain industries and away from others. c. mercantilism includes a greater role for the state in economic policy than communism. d. mercantilism mandates that unemployment should be accepted as inevitable.
The accurate statement about mercantilism is: Mercantilism directs the economy toward certain industries and away from others. The correct answer is option b.
What is mercantilism?Mercantilism is an economic philosophy that emerged in Europe in the late sixteenth century and reached its peak in the eighteenth century.
Its underlying principle was that a nation's wealth and power were determined by its trade balance, and its goal was to achieve a favorable trade balance in which the value of exports was greater than the value of imports.
The idea of mercantilism is often linked to a country's desire to hoard gold and silver reserves in order to become more economically and politically powerful.
Mercantilism stresses the importance of expanding a country's exports while limiting imports, usually through the use of tariffs and subsidies.
How did mercantilism function?To achieve a favorable balance of trade, mercantilist governments utilized policies such as trade restrictions, subsidies, and monopolies to direct their economies towards specific industries and away from others.
Governments also often promoted the growth of their domestic industries and protected them from foreign competition through tariffs or other barriers.
The correct answer is option b.
To know more about mercantilism refer to-
brainly.com/question/30627832#
#SPJ11
a company purchased a $30,000 piece of equipment by paying $10,000 cash and issuing a notes payable for the unpaid balance. this transaction required a
A company purchased a $30,000 piece of equipment by paying $10,000 cash and issuing a notes payable for the unpaid balance. this transaction required a debit to Equipment of $30,000 ,credit to Cash of $10,000 ,credit to Notes Payable of $20,000
The transaction of a company purchasing a $30,000 piece of equipment by paying $10,000 cash and issuing a notes payable for the unpaid balance would require the following accounting entries:
Debit the Equipment account for $30,000 to record the cost of the equipment.
Credit the Cash account for $10,000 to record the amount paid in cash.
Credit the Notes Payable account for $20,000 to record the amount owed on the note.
The Notes Payable account represents the unpaid balance of the equipment cost that the company has promised to pay at a future date, typically with interest.
This transaction would affect the balance sheet by increasing the company's assets (Equipment) and liabilities (Notes Payable), while decreasing the cash balance. It is important for companies to properly account for their purchases of equipment and other assets to ensure the accuracy and reliability of their financial statements.
Learn more about company purchased
https://brainly.com/question/2816770
#SPJ4
which of the following quantities decrease in response to a tax on a good? group of answer choices the equilibrium quantity in the market for the good, the effective price of the good paid by buyers, and consumer surplus the equilibrium quantity in the market for the good, producer surplus, and the well-being of buyers of the good the effective price received by sellers of the good, the wedge between the effective price paid by buyers and the effective price received by sellers, and consumer surplus it depends on whether the tax is levied on buyers or on sellers.
The quantities decrease in response to a tax on a good are b. the equilibrium quantity in the market for the good, producer surplus, and the well-being of buyers of the good
The market equilibrium quantity of a commodity typically declines when a tax is placed on it because the tax raises the cost of manufacturing and drives up consumer prices. This causes both supply and demand for the product to decline, which lowers the equilibrium amount. With the imposition of a tax, the producer surplus the difference between price at which producers are ready to offer a product and the price they actually receive usually declines.
The levy raises manufacturing costs, which lowers producers' profit margins. However, based on the size of the levy and the price elasticity of demand, consumers' well-being may go up or down. The buyers may end up spending a higher price if the tax is tiny and the demand for the product is price inelastic, which lowers their well-being.
Complete Quetion:
Which of the following quantities decrease in response to a tax on a good?
a. the equilibrium quantity in the market for the good, the effective price of the good paid by buyers,
and consumer surplus
b. the equilibrium quantity in the market for the good, producer surplus, and the well-being of buyers of the good
c. the effective price received by sellers of the good, the wedge between the effective price paid by buyers and the effective price received by sellers, and consumer surplus
d. None of the above is necessarily correct unless we know whether the tax is levied on buyers or on sellers.
Read more about equilibrium on:
https://brainly.com/question/26075805
#SPJ4
navarro, incorporated, plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. the bonds will have a ytm of 5.49 percent and mature in 25 years. if we assume semiannual compounding, at what price will the bonds sell?
The bonds will sell for $232.84, assuming semiannual compounding, a $1,000 nominal value, a 5.49% YTM, and a 25-year expiration.
Par value = $1000
YTM of bonds = 5.49%
Time period = 25 years
To calculate the price of the zero coupon bonds, we can use the formula:
Price = [tex]Face Value / (1 + YTM/2)^(2 x Number of years to maturity)[/tex]
Substituting the values -
Price = [tex]1000 / (1 + 0.0549/2)^(2 x 25)[/tex]
= 232.84
Therefore, the bonds will sell for $232.84 if Navarro, Incorporated plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project, assuming semiannual compounding.
Read more about bonds on:
brainly.com/question/30204448
#SPJ4
assume a member of canon corporation's board of directors also serves on the boards of other camera manufacturers, such as nikon and fuji. this pattern would illustrate the operation of . an oligopoly a plutocracy an oligarchy an interlocking directorate
If a member of board of directors for Canon also happens to serve on the board for directors for other manufactures like Nikon and Fuji then this illustrates the operation an interlocking directorate.
The correct option is option d.
Interlocking directorates is basically defined as a business practice in which a member of a particular company's board of directors also happen to serve on the board of another company or within the management of another company.
The interlocking directorates are not illegal under the antitrust legislation but this is as long as the corporations which are involved do not happen to compete with each other and therefore interlocking directorates do not prevent a particular board director from serving on the board of a client as well.
Hence, the correct option is option d.
To know more about interlocking directorate
https://brainly.com/question/8467990
#SPJ4
taylor systems has just issued preferred stock. the stock has an 8% annual dividend and a $100 par value and was sold for $99.50 per share. calculate the cost of preferred stock. 8% 10% 7% 9%
Cost of preferred stock for Taylor Systems with an 8% annual dividend and a $100 par value is 8.04%.
The expense of favored stock is the pace of return that an organization should pay to its favored investors. It very well may be determined by partitioning the yearly profit by the net returns of the stock issue. On account of Taylor Frameworks, the expense of favored stock with a 8% yearly profit and $100 standard worth, and sold for $99.50 per share, is 8.04%.
To compute the expense of favored stock at various required paces of return, we can utilize a similar recipe, yet with various net returns. At a 10% required pace of return, the expense of favored stock would be 8.42%, at a 7% required pace of return, the expense of favored stock would be 7.77%, and at a 9% required pace of return, the expense of favored stock would be 8.19%.
Generally speaking, the expense of favored stock for Taylor Frameworks is impacted by the necessary pace of return, as well as any buoyancy costs, which were not referenced in the inquiry. This expense of capital is significant for organizations to consider while deciding their funding systems, as it influences the general expense of capital and the return expected by financial backers.
To learn more about annual dividend of stocks, refer:
https://brainly.com/question/30011953
#SPJ4
The complete question is:
What is the cost of preferred stock for Taylor Systems if it has just issued preferred stock with an 8% annual dividend, $100 par value, and was sold for $99.50 per share? What is the cost of preferred stock assuming different required rates of return, such as 10%, 7%, and 9%?
the multiplier model multiplies the effect of initial changes in autonomous expenditures, but it can also be a model of dampened fluctuations because
The multiplier model amplifies initial changes in spending but may experience diminishing returns due to various factors, making it a model of dampened fluctuations.
The multiplier model takes into account the effects of induced changes in expenditures, which can either amplify or dampen the fluctuations in the economy. When there is an initial increase in autonomous expenditures, such as government spending or investment, it leads to an increase in income and consumption, which in turn leads to further increases in income and consumption through the multiplier effect.
However, as income and consumption increase, the effect of the multiplier may begin to diminish due to factors such as inflation, interest rates, and external shocks. As a result, the multiplier model can be seen as a model of dampened fluctuations, as the effects of the initial changes in autonomous expenditures may be tempered by other economic factors.
Learn more about diminishing returns :
https://brainly.com/question/30761694
#SPJ4
daniel, thomas, and lucas are partners in a law firm under a typical partnership agreement in which each owns an equal share of the business. thomas dies suddenly of a heart attack. what will most likely become of the partnership?
If one partner of a typical partnership agreement dies, the partnership may dissolve or continue depending on the terms of the partnership agreement and applicable state law.
In this scenario, since the partnership agreement states that each partner owns an equal share of the business, it is likely that the partnership will continue.
The remaining partners, Daniel and Lucas, may have the option to buy out Thomas's share of the business from his estate or from his heirs if he had a will. If Daniel and Lucas do not wish to continue the partnership, they may also have the option to dissolve the partnership and distribute the assets accordingly.
It is important to note that state laws vary regarding partnership dissolution and distribution of assets. It is advisable for the remaining partners to consult with a lawyer to understand their legal obligations and options in this situation.
Learn more about partnership agreement
https://brainly.com/question/27245732
#SPJ4
in order to avoid hiring individuals with violent tendencies, the organization's screening process should include
In order to avoid hiring individuals with violent tendencies, the organization's screening process should include Routine Polygraph Test.
All applicants should undergo routine polygraph testing as a tried-and-true method of eliminating those with violent inclinations. It is advised that you teach your staff how to spot the warning signals of impending violence. The best way to explain a polygraph test is as a scientific diagnostic of the psychological, physiological, and emotional changes that are brought about when a person is investigated.
A polygraph, which is sometimes misunderstood as a lie detector exam, is a device or process that detects and records a number of physiological indications, including blood pressure, pulse, respiration, and skin conductivity, while a person is asked and responds to a series of questions. The theory behind the use of the routine polygraph is that answers that are intentionally misleading will result in physiological reactions that can be distinguished from those that are intentionally honest.
Learn more about Polygraph Test here:
https://brainly.com/question/29351700
#SPJ4
mel's art studio was moving and sold furniture that was no longer needed for cash. the entry would include:
The entry to record the sale of furniture for cash in Mel's Art Studio would be:
Debit Cash (or Bank) account for the amount of cash received from the sale of furniture.
Credit Furniture account for the original cost of the furniture sold. This will reduce the balance of the Furniture account and reflect the fact that the furniture is no longer owned by the business.
If there is a difference between the amount received from the sale and the original cost of the furniture, you would also need to record a gain or loss on the sale of furniture.
If the amount received is greater than the original cost, record a credit to the Gain on Sale of Furniture account for the difference.
If the amount received is less than the original cost, record a debit to the Loss on Sale of Furniture account for the difference.
The final entry would be:
Debit Cash (or Bank) account for the amount of cash received from the sale of furniture.
Credit Furniture account for the original cost of the furniture sold.
Credit Gain on Sale of Furniture account for any gain on the sale.
Debit Loss on Sale of Furniture account for any loss on the sale.
learn more about gain here:
https://brainly.com/question/20599569
#SPJ1
if in some year nominal gdp was $10 trillion and real gdp was $4 trillion, what was the gdp deflator? question 15 options: 25. 40. 250. 400.
The GDP deflator is 250.
The GDP deflator is a measure of the level of inflation in an economy. It is calculated by comparing the nominal Gross Domestic Product (GDP) to the real GDP, which is adjusted for inflation. The formula to calculate the GDP deflator is as follows:
GDP deflator = (Nominal GDP / Real GDP) × 100
In this case, the Nominal GDP is $10 trillion and the Real GDP is $4 trillion. Using the formula above, we can calculate the GDP deflator as follows:
GDP deflator = (10 / 4) × 100 = 250
Therefore, the GDP deflator is 250. This means that the overall level of prices in the economy has increased by 150% (250 - 100) since the base year used to calculate the real GDP.
This could be due to a variety of factors, such as an increase in the money supply, a rise in production costs, or changes in consumer demand.
It is important to monitor changes in the GDP deflator as a high level of inflation can have significant impacts on the economy, such as reducing the purchasing power of individuals and businesses, increasing interest rates, and reducing economic growth.
By calculating the GDP deflator, policymakers and analysts can gain insights into the overall health of the economy and make informed decisions about monetary and fiscal policy.
To learn more about inflation, refer below:
https://brainly.com/question/30112292
#SPJ11
mo will receive a perpetuity of $15,000 per year forever, while curly will receive the same annual payment for the next 30 years. if the interest rate is 5.9 percent, how much more are mo's payments worth?
If the interest rate is 5.9 percent, Mo's payments are worth $43,562.72 more than Curly's payments.
To determine how much more Mo's payments are worth compared to Curly's, we need to calculate the present value of both of their payments and find the difference.
1. Calculate the present value of Mo's perpetuity:
Mo will receive a perpetuity of $15,000 per year forever. To calculate the present value of a perpetuity, we can use the formula:
Present Value of Perpetuity = (Annual Payment) / (Interest Rate)
PV_Mo = $15,000 / 0.059
PV_Mo = $254,237.29
2. Calculate the present value of Curly's payments:
Curly will receive the same annual payment of $15,000 for the next 30 years. To calculate the present value of an annuity, we can use the formula:
Present Value of Annuity = (Annual Payment) * (1 - (1 + Interest Rate)^(-n)) / (Interest Rate)
PV_Curly = $15,000 * (1 - (1 + 0.059)^(-30)) / 0.059
PV_Curly = $15,000 * (1 - 0.16986) / 0.059
PV_Curly = $15,000 * (0.83014) / 0.059
PV_Curly = $210,674.57
3. Find the difference between Mo's and Curly's present values:
Difference = PV_Mo - PV_Curly
Difference = $254,237.29 - $210,674.57
Difference = $43,562.72
For more about payments:
https://brainly.com/question/15136793
#SPJ11
the difference between the actual amount paid and the standard price paid to purchase an overhead item is called a
Price variance refers to the discrepancy between the final price paid and the normal price for an overhead item.
Any difference between the advertised price and the POS price, whether intentional or accidental, is referred to as a price discrepancy.
Price variance is calculated by multiplying the number of actual units purchased by the actual unit cost of the item less the standard cost. Pricing variation is a key consideration when creating a budget.
The variable overhead spending variance, also referred to as the variable overhead spending variance, is calculated by multiplying the number of units of the basis of allocation by the difference between the actual overhead rate and the standard overhead rate (such as hours worked or machine hours used).
Read more about purchase price at
https://brainly.com/question/16906163
#SPJ4
what is meant by the incidence of a tax? legislation requiring that workers be paid at least the stated minimum hourly rate of pay. the way the burden of a tax is distributed among economic consumers and producers. a decline in price that eliminates the surplus. markets for illegal drugs with no dispute resolution between buyers and sellers.
The incidence of a tax refers to the way the burden of a tax is distributed among economic consumers and producers.
In other words, it is the study of who ultimately bears the cost of a tax when it is levied by the government.
Tax incidence can be classified into two categories: statutory incidence and economic incidence.
Statutory incidence refers to the legal responsibility for paying the tax, which is usually determined by the legislation.
For example, a government might impose a sales tax on businesses, making them legally responsible for collecting and remitting the tax to the government.
Economic incidence, on the other hand, is concerned with the actual burden of the tax, considering the shifts in supply and demand.
When a tax is imposed, it affects the market equilibrium, leading to changes in prices, quantities, and the overall welfare of consumers and producers.
The economic incidence of a tax can be different from the statutory incidence, as the burden might be partially or entirely passed on to other market participants.
For instance, when a sales tax is imposed on a good, producers might increase the price of the good, passing some or all of the tax burden to consumers.
The extent to which the tax burden is shifted depends on the price elasticities of supply and demand for the good. If the demand is inelastic, consumers will bear a larger share of the tax burden, while if the supply is inelastic, producers will bear a larger share.
In conclusion, the incidence of a tax is the distribution of the tax burden among economic consumers and producers.
It can be analyzed in terms of statutory incidence, which is the legal responsibility for paying the tax, and economic incidence, which is the actual burden of the tax when considering market adjustments due to the tax.
Understanding the incidence of a tax is crucial for policymakers to ensure that taxes are applied fairly and effectively.
To know more about incidence of a tax here
https://brainly.com/question/14836195
#SPJ11
a complete list of all materials needed to produce a specified quantity of material in discreet and repetitive manufacturing is called a
The complete list of all materials needed to produce a specified quantity of material in discrete and repetitive manufacturing is called a Bill of Materials (BOM).
It is a detailed document that lists all the raw materials, sub-assemblies, and parts required to manufacture a finished product. The BOM provides a comprehensive list of all the materials, quantities, and unit costs required for each component or sub-assembly of the final product.
In discrete manufacturing, products are manufactured as distinct units, such as machines, appliances, or electronics.
The BOM is an essential document that guides the production process, ensuring that all necessary materials are available, and the production is efficient and cost-effective.
In repetitive manufacturing, products are manufactured in large quantities, typically using a production line. The BOM is used to set up the production line, and the quantities required for each component are calculated based on the production volume.
Overall, the BOM is a crucial document in discrete and repetitive manufacturing. It helps ensure that the right materials are available at the right time and in the right quantities, enabling efficient production and minimizing waste. The BOM is also useful for cost estimation, inventory management, and quality control.
To learn more about manufacturing click on,
https://brainly.com/question/28617157
#SPJ4
what is the value of company x stock if the dividend next year will be $3 and is expected to grow at a rate of 4% forever if your required return is 9.84%
the value of Company X's stock is approximately $51.37.
The value of Company X's stock can be calculated using the Dividend Discount Model (DDM), which is given by the formula:
Stock Value = (D1) / (required return rate - growth rate)
Where D1 is the dividend expected next year, In this case, the dividend (D1) is $3, the growth rate is 4%, and the required return rate is 9.84%. Plugging these values into the formula:
Stock Value = ($3) / (9.84% - 4%)
Stock Value = $3 / 0.0584
Stock Value ≈ $51.37
Therefore, the value of Company X's stock is approximately $51.37.
The value of company X's stock with a dividend of $3 next year that is expected to grow at a rate of 4% forever is $42.86 with a required return of 9.84%. Explanation: The formula to calculate the value of a stock is as follows: P₀ = D₁/(r-g)Where P₀ = current value of the stockD1 = the dividend paid next year; R = the required rate of return; G = the growth rate. Substitute the values of the variables given in the question: P0 = 3/(0.0984-0.04)P0 = $42.86 Therefore, the value of company X's stock with a dividend of $3 next year that is expected to grow at a rate of 4% forever is $42.86 with a required return of 9.84%.
Visit here to learn more about stock:
https://brainly.com/question/28663581
#SPJ11
what are the two means by which jobs are fitted to people? (choose every correct answer.) multiple select question. job elimination job enlargement job equalization job enrichment
The two means by which jobs are fitted to people are: Job Enlargement, Job Enrichment
Job Elimination and Job Equalization are not means by which jobs are fitted to people, so they are not correct answers to this question. Job Enlargement refers to expanding the responsibilities of a job to include additional tasks at the same level of skill and responsibility. This can increase job satisfaction by giving employees a greater variety of tasks to perform, which can help prevent boredom and reduce the monotony of performing the same tasks repeatedly. Job Enrichment refers to increasing the level of responsibility and complexity of a job by adding tasks that require higher levels of skill and responsibility. This can lead to increased job satisfaction by giving employees a greater sense of achievement and accomplishment.
Therefore, the correct answer to this question is: Job Enlargement and Job Enrichment.
To learn more about Job Enrichment here:
https://brainly.com/question/14840026
#SPJ1
a firm incurs $40,000 in interest expenses each year. if the tax rate of the firm is 30%, what is the effective after-tax interest rate expense for the firm?
The effective after-tax interest rate expense for the firm is 28%. This is because the interest expense of $40,000 is tax-deductible, meaning that the company can reduce its taxable income by that amount. With a tax rate of 30%, the tax savings from the deduction is $12,000 ($40,000 x 0.30).
Therefore, the net cost of the interest expense is $28,000 ($40,000 - $12,000). To calculate the effective after-tax interest rate expense, we divide the net cost of the interest expense by the original interest expense: $28,000 / $40,000 = 0.7 or 70%. Subtracting this result from 100%, we get the effective after-tax interest rate expense of 28%.
To know more about tax-deductible, here
brainly.com/question/27051230
#SPJ4
which of the following statements regarding franchises are true? multiple select question. brand labels are trademarks that cannot be franchised. franchises have a 15 year legal life as defined by federal law. franchises may be issued by the federal government. franchises may be issued by private businesses.
In a franchise arrangement, a franchisee grants the franchisor the right to sell the franchisor's products and use its name.
A franchise is a company whose owner licenses its operations as well as its products, branding, and knowledge in return for a franchise fee. The organization that grants licenses to franchisees is referred to as the franchisor. The Franchise Regulation mandates that franchisors provide prospective franchisees with key operational information. The recurring royalties that are paid to franchisors depend on the industry and might range from 4.6% to 12.5%. In effect, the franchisee purchases the right to operate a business under the franchisor's recognizable brand and business model. These could cover guidelines for the use of the company's intellectual property, support and training for the franchisee, rules for marketing and advertising, and requirements for the quality of the provided goods and services, among other things.
To learn more about franchise refer here:
https://brainly.com/question/29845631
#SPJ1
would a pizza restaurant use a fixed-order quantity or period system for fresh dough (purchased from a bakery on contract)? what would be the advantages and disadvantages of each in this situation?
A pizza restaurant could use either a fixed-order quantity or a period system for fresh dough purchased from a bakery on contract. This is related to inventory management, specifically the decision.
A fixed-order quantity system would involve ordering a specific amount of dough each time the inventory level reaches a certain point. This approach would ensure that the restaurant always has a set amount of dough on hand, but it may result in increased storage costs for excess dough.
A period system would involve ordering a fixed amount of dough on a regular schedule, such as weekly or biweekly. This approach would help to reduce storage costs and ensure that the restaurant always has fresh dough on hand, but it may result in stockouts if demand fluctuates unexpectedly.
Advantages of a fixed-order quantity system include:
1. Consistent inventory levels: The restaurant can maintain a consistent inventory level, which can help with planning and budgeting.
2. Reduced waste: Ordering a specific amount of dough can help to reduce waste and storage costs, as the restaurant only orders what it needs.
Disadvantages of a fixed-order quantity system include:
1. Increased storage costs: The restaurant may need to invest in additional storage space to accommodate excess dough, which can increase costs.
2. Stockouts: If demand unexpectedly increases, the restaurant may run out of dough before the next scheduled order.
Advantages of a period system include:
1. Reduced storage costs: The restaurant can order fresh dough on a regular schedule, which can help to reduce storage costs.
2. Always fresh: The restaurant can ensure that it always has fresh dough on hand, which can help to maintain the quality of the product.
Disadvantages of a period system include:
1. Stockouts: If demand fluctuates unexpectedly, the restaurant may run out of dough before the next scheduled order.
2. Inconsistent inventory levels: The amount of dough on hand may fluctuate from week to week, which can make planning and budgeting more difficult.
Learn more about inventory management at
brainly.com/question/30592021
#SPJ4
a paper-and-pencil or verbal exercise that measures a job applicant's technical understanding and problem-solving ability is a(n) .
A paper-and-pencil or verbal exercise that measures a job applicant's technical understanding and problem-solving ability is commonly known as a technical aptitude test.
It is a type of assessment used by employers to evaluate a candidate's ability to understand and apply technical concepts related to a specific job or field.
Technical aptitude tests can take various forms, including written tests, computer-based assessments, or practical demonstrations. These tests typically cover topics such as math, science, engineering, and technology, and may involve problem-solving scenarios, logic puzzles, or technical questions related to the job.
Employers use technical aptitude tests to ensure that candidates have the necessary technical knowledge and skills to perform the job successfully. These tests are especially common in technical and engineering fields, where job requirements may include specialized knowledge and expertise.
Overall, technical aptitude tests are an essential tool for employers to evaluate a candidate's technical understanding and problem-solving ability, ensuring that they have the necessary skills and knowledge to perform the job at a high level.
To learn more about applicants click on,
https://brainly.com/question/15084942
#SPJ4
the government imposes a law requiring that buyers and sellers trade at a minimum of $6 per unit. the equilibrium price before this intervention is $8 per unit. this law is an example of an group of answer choices
A government-imposed legislation mandates that traders must exchange goods for a minimum of $6 per unit. Prior to this intervention, the equilibrium price is $8 per unit. This law is an illustration of a useless price floor.
The term "legislation" describes the procedure by which a legislative body creates and enacts laws. The words used in the bill to communicate the values, judgments, and intentions of the proposal are important to consider during the legislative process, which involves assessing, modifying, and voting on new proposals. A legislative, senate, or other comparable governing body may enroll, enact, or publish laws as a process or as a result. A piece of legislation may be referred to as a bill before it is enacted and may be commonly referred to it as "legislation" while it is still being examined to distinguish it from other activity. Regulation, authorization, outlawment, provision of (funds), penalty, grant, proclamation, or restriction are just a few of the many purposes that legislation may serve.
Learn more about legislation here
https://brainly.com/question/27893557
#SPJ4
which of the following are qualities of a non-profit corporation? (choose 2 answers.) it does not provide dividends to shareholders. it provides minimal dividends to company shareholders. its goal is to not earn a profit. its goal is to earn a profit.
The qualities of a non-profit corporation are: It does not provide dividends to shareholders. Its goal is to not earn a profit. Option (1,3)
A non-profit corporation is a type of organization that is formed for a specific purpose, such as charitable, educational, or religious purposes, rather than for the purpose of earning profits. Non-profit corporations are generally exempt from paying taxes on the income they receive, and they typically use the funds they raise to further their stated mission or purpose.
Non-profit corporations may have members or shareholders, but these individuals do not receive dividends or profits from the organization. Instead, any excess funds are reinvested back into the organization to further its goals.
Learn more about non-profit corporation
https://brainly.com/question/25250906
#SPJ4
Full Question: which of the following are qualities of a non-profit corporation? (choose 2 answers.)
it does not provide dividends to shareholders. it provides minimal dividends to company shareholders. its goal is to not earn a profit. its goal is to earn a profit.the simple form of an annualized interest rate is called the annual percentage rate (apr). the effective annual rate (ear) is a
The effective annual rate (EAR) is a more comprehensive measure of interest that takes into account compounding.
While the APR only considers the stated interest rate, the EAR reflects the impact of compounding on the effective interest rate. The EAR represents the actual annual rate of interest earned or paid on an investment or loan, including the effect of compounding.
It takes into account the frequency of compounding, which could be daily, weekly, monthly, quarterly, or annually, and provides a more accurate measure of the true cost or yield of an investment or loan over a given period.
To learn more about effective annual rate, visit here
https://brainly.com/question/5442201
#SPJ4
The simple form of an annualized interest rate is called the annual percentage rate (apr). Find the effective annual rate (ear)?
the marketing of products to ultimate consumers through face-to-face sales presentations either at home or the workplace is called
The marketing of products to ultimate consumers through face-to-face sales presentations either at home or the workplace is called direct selling. option (A) is correct.
Direct selling, otherwise called one individual to the next retail, is a plan of action where individuals sell items straightforwardly to others. Direct offering alludes to selling items straightforwardly to the purchaser in a non-retail climate.
In a direct sales model, a brand communicates with clients right away. An illustration of an immediate merchant is Boeing. The organization offers its items straightforwardly to likely clients - aircraft. This exceptionally designated and customized approach can assist with developing your business in a savvy way.
Therefore, option (A) is correct.
Learn more about marketing:
https://brainly.com/question/30505783
#SPJ4
This question is not complete, Here I am attaching the complete question:
The marketing of products to ultimate consumers through face-to-face sales presentations either at home or the workplace is called________.
(A) direct selling
(B) indirect selling
(C) price sensitivity
hua's firm does not allow a manager to make more than three times what the manager's lowest paid direct report earns. which type of pay decision is this?
The manager's lowest paid direct wages subordinate cannot earn more than three times the manager's salary, according to Hua's company policy. This is a particular kind of compensation choice. Option 1 is Correct.
A compensation structure, sometimes referred to as a "pay structure" or "salary structure," is the method you use to decide how much each person in your business is paid. It takes into account details like merit, the duration of employment, and industry minimums and maximums.
The difference in pay between workers with comparable talents in various locales or industry is referred to as a wage discrepancy. It may also be used to describe the disparity in pay between workers in the same sector who possess different skill sets. Option 1 is Correct.
Learn more about Wages Visit: brainly.com/question/29758961
#SPJ4
Correct Question:
Hua's firm does not allow a manager to make more than three times what the manager's lowest paid direct report earns. Which type of pay decision is this?
1. Wage structure
2. Individual wage
3. Wage level
4. Benefit level
what element improves appraisals by using impartial performance evaluation? boss rating errors subjective measures objective measures
Objective measures can improve appraisals by using impartial performance evaluation. Objective measures are quantifiable and verifiable performance indicators that provide a clear, measurable standard against which employee performance can be evaluated.
This type of performance evaluation eliminates the subjectivity and bias that can occur in other methods such as boss rating or subjective measures. Objective measures can include metrics such as sales volume, production output, customer satisfaction ratings, or error rates, and are often based on specific goals and objectives set for the employee. By using objective measures, managers can provide more accurate and fair appraisals of employee performance, which can lead to increased employee motivation and satisfaction, as well as better overall organizational performance.
Learn more about impartial ,
https://brainly.com/question/855257
#SPJ4