Explain how and why governments may want to regulate the price setting of a natural monopoly.
E. when the price of sunscreen is in the range of $14.00 per bottle to $12.00 per bottle, demand is:
When the price of sunscreen is in the range of $14.00 per bottle to $12.00 per bottle, the demand is likely to be lower. This is because as the price of a product increases, the quantity demanded typically decreases. Therefore, demand for sunscreen is likely to decrease when its price is between $14.00 and $12.00 per bottle.
Explanation:In economics, when the price of sunscreen is in the range of $14.00 per bottle to $12.00 per bottle, the demand is likely to be lower. This is because as the price of a product increases, the quantity demanded typically decreases, assuming all other factors remain constant. This phenomenon is explained by the law of demand.
For example, if the price of sunscreen is $14.00 per bottle, fewer people may be willing or able to purchase it compared to when the price is $12.00 per bottle. This decrease in demand can be represented graphically by a downward-sloping demand curve.
Therefore, demand for sunscreen is likely to decrease when its price is between $14.00 and $12.00 per bottle.
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Mark was recording accounting transactions when he came across a non-standard transaction type. however, based on his knowledge of accounting practices, he was able to come up with a reasonable solution for recording the transaction. this is an example of using a(n)
The way he was able to come up with a reasonable solution in the transactions is because he had used a conceptual framework in which had helped him in having to formulate and solve new problems and solutions that has been given.
In analyzing the income statement of Bob Company, cost of goods sold decreased from 2013 to 2014 by 8.2%. The cost of goods sold was $19,000 in 2014. What was the cost of goods sold to nearest dollar in 2013?
Major tire inc.'s manufacturing plant in charleston, south carolina was destroyed when hurricane hazel hit the coast. the company officially closed the facility after reviewing the damage and terminated all 500 workers. the company did not give the employees 60 days' notice, and thus, it is liable under the worker adjustment and retraining notification act.
a. True
b. False
Where subjective measures of performance are necessary, companies should rely on multiple sources of information?
A rock star intentionally sets her ticket prices below what would be necessary to sell out her shows. how might this be justified by a manager whose goal is to maximize long-term profit?
The rock star's manager may justify setting ticket prices below what is necessary to sell out shows as a strategy to maximize long-term profit by considering the concept of price elasticity of demand.
Explanation:The rock star's manager may justify setting ticket prices below what is necessary to sell out shows as a strategy to maximize long-term profit by considering the concept of price elasticity of demand. Price elasticity of demand measures how responsive the quantity of a product demanded is to a change in its price. If demand for the rock star's shows is highly elastic, meaning that a small change in price leads to a large change in demand, then setting lower ticket prices may attract more fans and increase overall revenue by encouraging them to spend more on other items like recordings and merchandise. By adopting this strategy, the manager seeks to prioritize building a loyal fan base that will continue to support the rock star's career over the long term.
Rebecca, a department manager, has been dealing with two workers in her department who do not get along. due to family problems for both employees, today they had a loud argument in the break room. rebecca is meeting with both to resolve the issues. which managerial role is rebecca playing?
If you were looking to start a business in florida, what would be the top 5 "useful" websites to utilize
A 6-month put option on makler corp.'s stock has a strike price of $45 and sells in the market for $8.90. makler's current stock price is $41. what is the exercise value of the option?
At the deli jennifer bought spicy turkey and provolone cheese. the turkey costs $6.32 per pound and the cheese costs $4.27 per pound. in total, she bought 3.2 pounds and the price was $17.56. how many pounds of each did she buy?
A negative response that passively allows conditions to worsen (chronic absenteeism or lateness, reduced effort, and increased error rate) is a condition normally associated with subordinates rather than management personnel. the hr director is attempting to minimize the negative ramifications of this response, known as ________. in concert with this goal of reducing the negative, she is also striving to increase ________, which generally results in employees going beyond the normal expectations of their jobs.
Since the late 1970s Organizational citizenship behavior has been studied. A person's unpaid assurance within an organization or company that is not part of his or her prescribed tasks is an organizational citizenship behavior.
Jim is designing a blog that will act as a central hub for the multiple threads of his company's social media program. jim is designing the blog for ______________.
The usage of the blog that Jim is designed is mainly for anchoring the presence of the social media. As Jim’s design is considered to be a central hub that will be of benefit of the social media program that Jim is assigned to or created.
suggest any two alternative external dispute resolution mechanisms which unions and management could adopt to resolve their workplace conflicts. Illustrate your discussion with relevant examples.
According to linda hill’s study, after six months as a manager, most of the new managers typically believe that their job is to:
To better meet corporate goals this year, donna, a ceo, is encouraging her managers to focus on the major functions of management, which include ______.
Harry is a salesperson for luxa, a car company. during sales dialogues with potential customers, harry usually talks about luxa being a premium car company that is extremely popular among the wealthiest people in the world. harry does this to:
G according to the neoclassical theory of distribution, the real wage earned by any worker equals that worker's marginal productivity. let's use this insight to examine the incomes of two groups of workers: farmers and barbers.
a. over the past century, the productivity of farmers has risen substantially because of technological progress. according to the neo-classical theory, what should have happened to their real wage?
b. in what units is the real wage discussed in part (a) measured?
c. over the same period, the productivity of barbers has remained constant. what should have happened to their real wage?
d. in what units is the real wage in part (c) measured?
e. suppose workers can move freely between being farmers and being barbers. what does this mobility imply for the wages of farmers and barbers?
Final answer:
The neoclassical theory indicates that farmers' real wages should have increased with their productivity rise, whereas barbers' wages would remain constant due to stable productivity. Real wages are assessed through purchasing power. The possibility of workers moving between being farmers and barbers suggests that wages between these occupations would tend to equalize over time.
Explanation:
According to the neoclassical theory of distribution, the real wage of any worker corresponds to that worker's marginal productivity. This concept provides valuable insights into the dynamics of income for different professions under varying conditions of productivity.
Given the substantial rise in farmers' productivity due to technological progress, their real wage should have increased, as per the neo-classical theory.The real wage from part (a) is usually measured in terms of purchasing power, essentially how much goods or services a worker's income can buy.Since the productivity of barbers has remained constant over the same period, their real wage should have stayed similarly constant, assuming all other factors remained unchanged.The real wage in part (c) is measured in the same units as in part (a), focusing on the purchasing power relative to an unchanged productivity level.Free mobility between the professions of farming and barbering implies that the wages for these jobs would tend to equalize over time. This is because workers would move from lower-paid work toward higher-paid work until the supply and demand for workers in each profession balance out, normalizing the wages across both professions.
If you are a project manager and have the choice of forming your core team either before or after charter approval, which would you do and why?
should color and design be used in emails
Answer: yes, but only sparingly, to emphasize a point.
Explanation:
College students often buy cheap pizza because it is more affordable. suppose after graduating, college students find high-paying jobs. the demand for cheap pizza will likely:
Baylor service corp. redeemed $1,000 of gift cards that customers used to pay for services that were performed by the company. the related adjusting entry would include a debit to:
The correct accounting entry for Baylor Service Corp. when redeeming gift cards is a debit to Unearned Revenue and a credit to Service Revenue, reflecting the earned revenue for services now performed. Option c is correct.
When Baylor Service Corp. redeems gift cards, the accounting entry should reflect the recognition of revenue for services performed that were previously recorded as a liability. Since the revenue has now been earned, the appropriate entry would be a debit to Unearned Revenue and a credit to Service Revenue.
This reflects the transition from a liability to earned revenue, adhering to the matching principle of GAAP, where revenues are matched with the expenses incurred to generate them. The expenses related to the service, such as staff time and supplies, should have been recorded as they were incurred, to match with the service revenue being recognized.
If we consider a different scenario where Treehouse delivers a service for $1,000 paid in cash, the journal entry would be a debit to Cash and a credit to Service Revenue. The revenue is recognized immediately as the service is provided and payment is received.
Complete question as follows:
Baylor Service Corp. redeemed $1,000 of gift cards that customers used to pay for services that were performed by the company. The related adjusting entry would include a debit to:
a. Cash and a credit to Service Revenue.
b. Cash and a credit to Unearned Revenue.
c. Unearned Revenue and a credit to Service Revenue.
d. Accounts Receivable and a credit to Service Revenue.
Identify and summarize five major laws that deal with equal employment opportunity.
Five major laws related to equal employment opportunity include The Civil Rights Act of 1964 (Title VII), The Age Discrimination in Employment Act, The Americans with Disabilities Act, The Equal Pay Act of 1963, and The Genetic Information Nondiscrimination Act, which collectively prohibit employment discrimination on various bases.
Explanation:Major Laws Dealing with Equal Employment Opportunity
Several major laws address equal employment opportunity and aim to prevent discrimination in the workplace. Below is a summary of five such laws:
The Civil Rights Act of 1964 (Title VII): This foundational law prohibits discrimination in all aspects of employment, including hiring, firing, and promotions, based on race, color, religion, sex, or national origin.The Age Discrimination in Employment Act of 1967 (ADEA): Prohibits employment discrimination against individuals 40 years of age or older.The Americans with Disabilities Act of 1990 (ADA): Prohibits discrimination against individuals with disabilities in job application procedures, hiring, firing, advancement, compensation, training, and other terms, conditions, and privileges of employment.The Equal Pay Act of 1963: Requires that men and women be given equal pay for equal work in the same establishment.The Genetic Information Nondiscrimination Act of 2008 (GINA): Prohibits discrimination on the basis of genetic information with respect to health insurance and employment.Each of these laws is enforced by the Equal Employment Opportunity Commission (EEOC), which has the responsibility to investigate complaints of discrimination, mediate disputes, and, if necessary, bring litigation against employers to enforce these laws.
A toll bridge charges $1.00 for passenger cars and $2.50 for other vehicles. suppose that during daytime hours, 65% of all vehicles are passenger cars. if 20 vehicles cross the bridge during a particular daytime period, what is the resulting expected toll revenue?
Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is charged with $120,000 of direct materials costs and $180,000 of manufacturing overhead. the total manufacturing costs for job no. 190 is
Total manufacturing costs include the sum of materials costs, labor costs, and overhead costs. Here, materials costs are $120,000 and overhead costs are $180,000, totaling $300,000. For a complete total, the direct labor cost is needed.
Explanation:The Henson company calculates overhead costs as 120% of direct labor cost. However, in your question, you've provided the overhead cost directly but haven't specified the direct labor cost. The total manufacturing costs are typically computed as the sum of materials costs, labor costs, and overhead costs. In job no. 190, you've specified direct materials costs as $120,000 and manufacturing overhead as $180,000. To accurately calculate the total manufacturing cost, the direct labor cost would be needed. Based on the details given, we only have the materials and overhead costs which total to $300,000 ($120,000 + $180,000). The direct labor cost is required to arrive at the definitive total.
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Tops burger, a ________ based in amarillo, texas, has restaurants in 25 countries. multinational organization foreign firm conglomerate multinational corporation foreign partner
Maria is worried about the representativeness of her study. she is conducting interviews, but each one seems to last at least 3 hours. given that she has one month to collect her data, what strategy might she use to increase her sample size?
Lin corporation has a single product whose selling price is $120 and whose variable expense is $80 per unit. the company's monthly fixed expense is $50,000. 6.value: 10.00 pointsrequired information required: 1. using the equation method, determine for the unit sales that are required to earn a target profit of $10,000. hintsreferencesebook & resources hint #1 check my work 7.value: 10.00 pointsrequired information 2. using the formula method, determine for the unit sales that are required to earn a target profit of $15,000.
Profit is termed as the revenue that is earned by the firm after availing of the products or the goods and services to the customers. It is the total sum of the money that is acquired on the completion of the accomplishment of the goals of the supply met in the market.
Lin Corporation has a single product whose selling price = $120
variable expense = $80 per unit.
The company's monthly fixed expense = $50,000
1. Using the equation method, unit sales is required to earn a target profit =$10,000
Sales = Variable expenses + Fixed expenses + Profit
$120Q = $80Q + $50,000 + $10000
$40Q = $60000
[tex]Q = \frac{\$60,000}{\$40 }[/tex]
Q =1500
Units 2. Using the format method, unit sales earn a target profit = $15,000 Sales =[tex]\frac{50000+15000}{120-80} = 1625 units.[/tex]
Mauro Products distributes a single product, a woven basket whose selling prices = $15
variable expense = $12 per unit.
The company's monthly fixed expense = $4,200.
1. Solve for the company's breakeven point in unit sales using the equation method.
Sales = Variable expenses + Fixed expenses + Profit
$15Q = $12Q + $4,200 + $0
$3Q = $4200
[tex]Q = \frac{\$4200}{\$3}[/tex]
Q =1400
Units 2. Solve for the companies breakeven point in sales dollars using the equation method and the CM ratio.
X = 0.8X + 4,200 + $0 0.2X = $4200
[tex]X = \frac{\$4200}{0.2 }[/tex]
X = $21,000
CM ratio method
BEP = fixed cost /Sales-Variable cost /Sales = [tex]\frac{ 4200}{15}-\frac{12}{15} = \$21000[/tex]
3. Solve for the company's breakeven point in unit sales using the format method [tex]\frac{4200}{15-12}= 1400 units.[/tex]
4. Solve for the company's breakeven point in sales dollars using the format method and the cm ratio.
BEP = fixed cost /1-Variable cost / Selling price = 4200/1-12/15 = $21000 CM ratio method BEP = fixed cost /Sales-Variable cost /Sales = 4200/15-12/15 = $21000
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What was quipe industries’ cash flow from operations for the year ending june 30, 2014?
Who should be involved in a requirements review? draw a process model showing how a requirements review might be organized?
The key stakeholders involved in a requirements review are the project team, client representatives, and subject matter experts. The process model involves preparation, review, discussion, documentation, and approval.
Explanation:In a requirements review, the key stakeholders who should be involved are those who have a vested interest in the project's success. This typically includes the project team, representatives from the client or end users, and subject matter experts. The purpose of the review is to ensure that the requirements are clear, complete, and feasible.
A process model for organizing a requirements review can involve the following steps:
Preparation: Collect all the requirements documents and distribute them to the review participants.Review: The participants analyze the requirements, identify any ambiguities or inconsistencies, and provide feedback.Discussion: Hold meetings or workshops to discuss the feedback, clarify requirements, and resolve any issues or concerns.Documentation: Document the review findings, including any changes or updates to the requirements.Approval: Obtain approval from the key stakeholders on the revised requirements.Learn more about Requirements Review here:https://brainly.com/question/5614574
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