adopting flexible manufacturing technology to produce a wide variety of end products results in

Answers

Answer 1

Adopting flexible manufacturing technology to produce a wide variety of end products results in increased efficiency and cost savings.

Flexible manufacturing technology is a system that allows for the production of a wide variety of end products without having to retool the entire manufacturing process. By adopting this technology, companies can increase their efficiency and reduce costs. With flexible manufacturing technology, companies can quickly adapt to changes in demand and produce new products without having to invest in expensive new equipment or processes.

This technology also allows for greater customization and faster product development, which can help companies stay ahead of their competitors. Ultimately, adopting flexible manufacturing technology can help companies stay competitive and improve their bottom line.

A production method known as a flexible manufacturing system, or FMS, is made to easily adjust to changes in the kind and quantity of the product being produced. Computerized systems and machines can be set up to handle changing levels of production and produce a variety of parts.

Know more about Flexible manufacturing, here:

https://brainly.com/question/32191668

#SPJ11


Related Questions

Price falls from $1.20 m to $1.00, and the quantity demanded rises from 90 units to 120 units. What is the coefficient of price elasticity of demand beyween the two prices? A. 64 8. 75 C. 1.57 D. 1.93

Answers

The given question is a numerical problem of price elasticity of demand. Here, we need to calculate the coefficient of price elasticity of demand between the two prices - 1.20 m and 1.00.

Quantity demanded is the total quantity of goods or services demanded at a certain price. The formula for price elasticity of demand is: PE D = \fr ac{\% change\ in\ quantity\ demanded}{\% change\ in\ price}Let us calculate the percentage change in price from 1.20 to 1.00:Percentage change in price =\ fr c {\1.20-\1.00}{\1.20}\times 100\%= 16.67%Now.

let us calculate the percentage change in quantity demanded from 90 units to 120 units:Percentage change in quantity demanded 100\%= 33.33%Substitute the values in the formula for price elasticity of demand{\% change\ in\ price= 2 the coefficient of price elasticity of demand between the two prices is 2. Hence, option D - 1.93 is incorrect. The correct option is option A - 64.

To know more about numerical visit:

https://brainly.com/question/32564818

#SPJ11

Sisman Bhd invested RM1,000,000 in purchasing ordinary shares as available for sale financial assets (AFS). It is proposed that on 1 February 2020, company purchases 100,000 ordinary shares of XNX Bhd for RM10.00 per share (including transaction cost). On 31 December 2020, Sisman Bhd is expected to receive a cash dividend of RM55,000 on its investment.
Prepare the journal entries for the available for sale financial asset.

Answers

To journalize the transactions related to Sisman Bhd's available for sale (AFS) financial asset, the following entries should be recorded:

1. On February 1, 2020, when Sisman Bhd purchased 100,000 ordinary shares of XNX Bhd:

Date: February 1, 2020

Debit: Available for Sale Financial Asset (Investment) - XNX Bhd (RM1,000,000)

Credit: Cash (Payment for Shares) (RM1,000,000)

2. On December 31, 2020, when Sisman Bhd receives the cash dividend from its investment:

Date: December 31, 2020

Debit: Cash (RM55,000)

Credit: Dividend Income (RM55,000)

Please note that these entries assume there are no other relevant transactions or adjustments for the AFS financial asset during the period. It's important to consider any additional information or specific instructions provided to ensure accurate recording of the journal entries.

For more about journal:

brainly.com/question/31718461

#SPJ11

Reproduce PSG Konsult vision/mission/strategic intent/purpose
statement and evaluate
its efficacy
**Note: the company may not necessarily have all of the above.
Provide whatever you can find

Answers

here is the vision/mission/strategic intent/purpose statement of PSG Konsult, along with an evaluation of its efficacy Vision: To be a leading provider of consulting services in Southern Africa.

Mission: To provide our clients with the insights and solutions they need to achieve their goals.

Strategic Intent: To differentiate ourselves from our competitors by offering a unique combination of consulting services, industry expertise, and thought leadership.

Purpose Statement: To make a positive difference in the lives of our clients and the communities in which we operate.

PSG Konsult's vision, mission, strategic intent, and purpose statement are all clear, concise, and aspirational. They provide a strong foundation for the company's growth and success.

The company's vision is to be a leading provider of consulting services in Southern Africa. This is a realistic and achievable goal, given the company's strong track record and commitment to excellence.

The company's mission is to provide its clients with the insights and solutions they need to achieve their goals. This mission is aligned with the company's vision and reflects its commitment to providing value to its clients.

The company's strategic intent is to differentiate itself from its competitors by offering a unique combination of consulting services, industry expertise, and thought leadership. This strategic intent is well-defined and provides a clear roadmap for the company's future growth.

The company's purpose statement is to make a positive difference in the lives of its clients and the communities in which it operates. This purpose statement is inspiring and reflects the company's commitment to social responsibility.

Overall, PSG Konsult's vision, mission, strategic intent, and purpose statement are all well-crafted and provide a strong foundation for the company's future success.

Here are some additional thoughts on the efficacy of PSG Konsult's vision/mission/strategic intent/purpose statement:

The vision is ambitious but achievable, and it provides a clear direction for the company.The mission is specific and measurable, and it ensures that the company is focused on its customers.The strategic intent is unique and differentiated, and it gives the company a competitive advantage.The purpose statement is inspiring and aspirational, and it helps to motivate employees and customers.Overall, PSG Konsult's vision/mission/strategic intent/purpose statement is a well-crafted document that provides a strong foundation for the company's future success.

To know more about company click here

brainly.com/question/30724092

#SPJ11

In your Workbook, write down the word or phrase that corresponds to each of the following definitions. A list of words and phrases is given below. A. A corporation that does not obtain its capital from the general public B. The true owners of a corporation C. A company which by law has an existence separate and distinct from its owners D. The restricted responsibility for the debts of a corporation E. Acertificate indicating how much ownership a person has in a corporation F. The group of shareholders who are elected to control the operations of the company G. A person who owns shares in a company H. An amount of earnings declared by the board of directors to be distrib- uted to the shareholders of a corporation in proportion to their holdings of shares I. The day on which the directors meet and vote for the dividend J. The day as of which it is determined who owns the company shares and therefore who is to receive the dividends

Answers

A. A corporation that does not obtain its capital from the general public: Close corporation.B. The true owners of a corporation: Shareholders.C.

A company which by law has an existence separate and distinct from its owners: Corporation.D. The restricted responsibility for the debts of a corporation: Limited liability.E. A certificate indicating how much ownership a person has in a corporation: Stock.F. The group of shareholders who are elected to control the operations of the company: Board of directors.G. A person who owns shares in a company: Shareholder.H. An amount of earnings declared by the board of directors to be distributed to the shareholders of a corporation in proportion to their holdings of shares: Dividend.I.

The day on which the directors meet and vote for the dividend: Declaration date.J. The day as of which it is determined who owns the company shares and therefore who is to receive the dividends: Record date.A corporation is a company that has a distinct and separate legal personality from its owners. One of the most common ways for a company to raise money is by issuing shares of stock. Each share of stock represents a proportional ownership interest in the company. Shareholders are the individuals or entities that own a corporation.Stock is a unit of ownership in a corporation.

Stocks represent claims on the company's earnings and assets. Shares of stock can be bought and sold, allowing investors to invest in a company's growth and profits. Shareholders are entitled to vote on corporate decisions, including the election of the board of directors.The board of directors is a group of individuals elected by shareholders to oversee the management of the corporation.

They make important decisions regarding the company's operations, including the declaration of dividends. A dividend is a payment made to shareholders out of the company's earnings. Dividends are usually paid in proportion to the number of shares owned by each shareholder. The declaration date is the date on which the board of directors declares that a dividend will be paid. The record date is the date on which the company determines who is entitled to receive the dividend.

To learn more about stock :

https://brainly.com/question/31940696

#SPJ11

"
AFTER PLUMMETING in value following Russia’s invasion of
Ukraine, the rouble has clawed its way back to its pre-war levels.
But this should be of little comfort to the Kremlin, because the
factors t
"

Answers

After declining in value due to Russia's invasion of Ukraine, the rouble has recovered to its pre-war levels. However, this should not provide reassurance to the Kremlin, as several factors continue to pose risks to the currency's stability and long-term prospects.

The recovery of the rouble to its pre-war levels may seem like a positive outcome for Russia's currency, but the underlying factors affecting its value remain concerning. Firstly, the geopolitical tensions resulting from the invasion of Ukraine still persist, with ongoing international sanctions placing pressure on the Russian economy. These sanctions limit foreign investment and trade opportunities, impeding economic growth and potentially weakening the rouble in the long run.

Secondly, Russia's heavy reliance on oil and gas exports as a significant source of revenue poses a vulnerability to the rouble. Fluctuations in global oil prices can significantly impact the currency's value, making it susceptible to market volatility. Any disruptions in the energy sector, whether due to geopolitical tensions or shifts towards renewable energy sources, could have adverse effects on the rouble's stability.

Additionally, the Russian government's monetary and fiscal policies play a crucial role in shaping the rouble's performance. Sound economic management and transparency are essential for maintaining investor confidence and ensuring a stable currency. Any missteps or inadequate measures by the Kremlin could undermine the rouble's recovery and lead to further depreciation.

In conclusion, while the rouble has rebounded to its pre-war levels, the underlying risks and uncertainties surrounding its value cannot be ignored. Ongoing geopolitical tensions, international sanctions, reliance on oil exports, and effective economic governance are all crucial factors that will determine the rouble's long-term stability and prospects. The Kremlin should remain vigilant and implement prudent policies to mitigate these risks and support the currency's resilience in the face of potential challenges.

Learn more about economic here: https://brainly.com/question/15265265

#SPJ11

The complete question is:

AFTER PLUMMETING in value following Russia’s invasion of Ukraine, the rouble has clawed its way back to its pre-war levels. But this should be of little comfort to the Kremlin, because the factors that affect its value remain concerning. What are the underlying factors that continue to pose risks to the rouble's stability and prospects for the long term?

A Production Possibilities Curve (frontier) shows the opportunity cost of producing a product in American dollars. True False

Answers

False. The Production Possibilities Curve (PPC) also known as the Production Possibility Frontier (PPF) does not show the opportunity cost of producing a product in American dollars.

It is a graphical representation of the concept of scarcity and opportunity cost, which analyzes the choices made between two products when resources are limited and there is a choice between two alternative uses of those resources.The PPC indicates the trade-offs a nation, an industry, or an individual must choose in the process of allocating limited resources to produce different goods and services. The PPC helps in demonstrating the limitations and trade-offs that arise from the choice of using the limited resources to produce one good over another.The slope of the PPC line represents the opportunity cost of producing one product over another. The opportunity cost is the cost of a foregone alternative, and it represents the sacrifices made when one alternative is chosen over another. The concept of the opportunity cost is about making the best use of scarce resources. The PPC helps to illustrate this concept and helps to inform decision-makers about the allocation of resources.

Learn more about opportunity cost  :

https://brainly.com/question/32971162

#SPJ11

Today's service sector represents Select one: O a. 25% of GDP O b. 18% of GDP O c. 53% of GDP Od. 64% of GDP

Answers

In summary, the service sector currently represents 53% of GDP, indicating its significant contribution to the overall economy.

The service sector is a broad category that includes various industries such as retail, healthcare, finance, transportation, entertainment, and hospitality.

It encompasses activities that are primarily focused on providing intangible goods or services to consumers or other businesses.

Over the years, the service sector has experienced substantial growth and has become a major driver of economic activity in many countries.

The 53% figure reflects the share of the service sector's contribution to the Gross Domestic Product (GDP), which measures the total value of goods and services produced within a country's borders.

This high percentage highlights the increasing importance of services in driving economic growth and employment opportunities.

It also indicates the shift in many economies from traditional manufacturing and agriculture sectors to more service-oriented industries.

Learn more about GDP here:

https://brainly.com/question/31197617

#SPJ11

you manage the website for your company. the web1 server hosts the website

Answers

The disk controller is the single point of failure for the website hosted on the Web1 server due to its sole presence in the configuration and performance.

As the website manager for your company, your website is hosted on the web server. The web1 server is the computer that stores and serves your website files upon request. It is connected to the internet and handles incoming web traffic. When users request web pages or resources, the server sends the data back to their computers for display in their web browsers. It is crucial to configure and optimize the web1 server for fast loading times and minimal downtime.

Learn more about performance  here:

https://brainly.com/question/14506325

#SPJ11

Complete Question:

You manage your company's website. The Web1 server hosts the website. This server has the following configuration:

*Dual core processor

*Dual power supplies

*RAID 5 volume

*One RAID controller

*Two 1000 Mbps network adapters

Which component is a single point of failure for the website?

For any given good, other things being the same, an decrease in the price of a substitute good will typically: a. Cause both the demand curve and the supply curve to shift to the left b. Cause the supply curve to shift to the left, thus creating a rise in the equilibrium price c. Cause the supply curve to shift to the left, thus creating a fall in the equilibrium price d. Cause the demand curve to shift to the left, thus creating a fall in the equilibrium price

Answers

The correct answer is c. Cause the supply curve to shift to the left, thus creating a fall in the equilibrium price.

When the price of a substitute good decreases, consumers will demand less of the original good and instead buy more of the substitute good, which will cause a decrease in the demand for the original good. As a result, the demand curve for the original good will shift to the left.

At the same time, producers of the substitute good will experience an increase in demand, causing them to produce more of the substitute good. This will increase the supply of the substitute good, causing the supply curve for the original good to shift to the left as well.

Since both the demand curve and the supply curve are shifting to the left, it can be concluded that the quantity demanded and supplied of the original good will decrease, leading to a fall in the equilibrium price.

Learn more about price from

https://brainly.com/question/26075805

#SPJ11

The use of a pull policy may require heavy expenditures for

Answers

A pull policy can lead to significant expenses. It refers to a system where resources are only obtained when needed, resulting in potential costs for retrieving or acquiring those resources.

This approach contrasts with a push policy, where resources are provided in advance. The pull policy's costs can include transportation, storage, and coordination expenses, as well as the risk of delays or shortages if resources are not readily available when requested.

A pull policy is an approach where resources are obtained or produced only when there is a demand for them. This means that resources are not pre-emptively supplied or stocked but are acquired as needed. While this approach can offer benefits such as reduced waste and increased efficiency, it can also lead to heavy expenditures.

One reason for the potential expenses is that in a pull system, resources must be retrieved or acquired when requested. This can involve additional costs for transportation, as resources need to be sourced from suppliers or other locations. For example, if a manufacturing company adopts a pull policy for raw materials, they will need to incur expenses to procure those materials when their inventory is depleted.

Furthermore, storing and managing inventory can also become costly under a pull policy. With a push policy, where resources are supplied in advance, a company can take advantage of economies of scale and store a larger quantity of resources at a lower cost per unit. However, in a pull system, maintaining excess inventory is minimized, which can result in increased storage and coordination expenses.

There is also a risk of delays or shortages when using a pull policy. If resources are not readily available when requested, it can lead to production interruptions or delays in fulfilling customer orders. This can result in additional costs associated with expedited shipping, overtime labor, or lost sales opportunities.

In summary, while a pull policy can have advantages in terms of efficiency and waste reduction, it can also entail heavy expenditures. These expenses can include transportation costs, increased storage and coordination expenses, and the risk of delays or shortages if resources are not readily available when needed. Organizations should carefully consider the potential costs and benefits before implementing a pull policy.

Learn more about policy here:

https://brainly.com/question/31951069

#SPJ11

On January 1, 2020, Martinez Animation sold a truck to Peete Finance for $41,000 and immediately leased it back. The truck was carried on Martinez’s books at $33,000. The term of the lease is 5 years, there is no bargain purchase option, and title does not transfer to Martinez at lease-end. The lease requires 5 equal rental payments of $9,210 at the end of each year (first payment on January 1, 2021). The appropriate rate of interest is 4%, the truck has a useful life of 5 years, with no expected residual value at the end of the lease term. Prepare Martinez’s 2020 journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.)

Answers

Martinez’s 2020 Journal Entries: Given, Martinez Animation sold a truck to Peete Finance for $41,000 and immediately leased it back. The truck was carried on Martinez’s books at $33,000.

The term of the lease is 5 years, there is no bargain purchase option, and title does not transfer to Martinez at lease-end. The lease requires 5 equal rental payments of $9,210 at the end of each year (first payment on January 1, 2021).

The appropriate rate of interest is 4%, the truck has a useful life of 5 years, with no expected residual value at the end of the lease term. To calculate Martinez’s journal entries for 2020, we need to find out the present value of the lease payments. Calculation of Present Value of Lease Payment:

As the carrying value of the truck on Martinez’s books was $33,000, there was a loss of $8,261.28 on the sale of the truck to Peete Finance.

The journal entry for the lease payment shows that Martinez debited lease receivable and credited lease revenue with $9,210 as it has not received the payment yet.

To know more about Animation visit:

https://brainly.com/question/29996953

#SPJ11

Monetary policy is set by the
Multiple Choice a.Regional Federal Reserve banks. b.Federal Advisory Council. c.Federal Open Market Committee. d.Board of Governors

Answers

Answer: C) Federal Open Market Committee.

Explanation: The Federal Open Market Committee is the committee that sets the Monetary Policy. Therefore Option C is the correct answer.

The term "monetary policy" refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals.

The Federal Open Market Committee is a committee under the Federal Reserve Board that is responsible for Monetary Policy.

To learn more about Federal Open Market Committee:

https://brainly.com/question/13794291

1- In what way is training on the job an investment in human capital?
2- Standardizing comparisons adjusts wage gaps for differences in skills and other characteristics across groups. Why is this method appropriate?
3-What makes it difficult for unions to succeed in the absence of any laws to help or to hinder unions? Identify several features from one or two laws or court rulings that helped unions overcome these difficulties.
4- We studied three measures of wage dispersion and two measures of wage asymmetry in the chapter. What are they?

Answers

Training on the job is an investment in human capital as it enhances an individual's knowledge, skills, and abilities, thereby increasing their productivity and potential for future earnings.

Standardizing comparisons is an appropriate method for adjusting wage gaps because it accounts for differences in skills and other relevant characteristics across groups. When comparing wages across different demographic groups, it is crucial to consider factors such as education, experience, job responsibilities, and other relevant attributes that may influence earning potential. By standardizing comparisons, these differences are taken into account, allowing for a fairer assessment of wage disparities. This method helps to identify and address potential discrimination or bias in compensation practices, ensuring that individuals are compensated based on their qualifications and job-related factors rather than arbitrary factors such as gender, race, or ethnicity. In the absence of laws to help or hinder unions, several difficulties arise that make it challenging for unions to succeed. Unions may face obstacles in organizing and collective bargaining, such as employer resistance, lack of access to workers, and limited bargaining power. However, certain laws or court rulings have helped unions overcome these difficulties. For example, the National Labor Relations Act (NLRA) in the United States grants employees the right to organize and engage in collective bargaining. It prohibits unfair labor practices by employers and establishes procedures for conducting union representation elections. Additionally, court rulings, such as the recognition of the "right to strike," have provided unions with a powerful tool to exert pressure and negotiate favorable terms with employers.

Learn more about human capital here:

https://brainly.com/question/1415400

#SPJ11

Toes produces sports socks. The company has fixed expenses of $85,000 and variable expenses of $1.20 per package. Compute the contribution margin per package and the contribution margin ratio. Begin by identifying the formula to compute the contribution margin per package. Then compute the contribution margin per package.

Answers

The contribution margin ratio is 80%. The contribution margin per package is $0.80 and the contribution margin ratio is 80%.

Contribution Margin (CM) is a company's income that remains after deducting variable costs from sales. Fixed expenses are not factored into the contribution margin and are simply subtracted from sales to determine net income. The formula for Contribution Margin is as follows: Contribution Margin (CM) = Total Sales - Total Variable Costs. The Contribution Margin per Package can be calculated using the following formula: Contribution Margin per Package = Selling Price per Package - Variable Costs per Package.

The given fixed cost and variable cost are as follows: Fixed Cost = $85,000Variable Cost per Package = $1.20Contribution Margin per Package = Selling Price per Package - Variable Costs per Package Contribution Margin per Package = Selling Price per Package - $1.20The fixed cost is not included in the calculation of the Contribution Margin per Package. Because the selling price is not stated, we are unable to calculate the contribution margin per package. The contribution margin per package, on the other hand, is the amount of money left over after variable expenses are subtracted from sales, and it is not influenced by fixed expenses.

To calculate the contribution margin ratio, use the following formula: Contribution Margin Ratio = (Contribution Margin / Sales) x 100% Contribution Margin = Total Sales - Total Variable Costs Contribution Margin Ratio = ((Total Sales - Total Variable Costs) / Total Sales) x 100%CM Ratio = (Total Sales - Total Variable Costs) / Total Sales CM Ratio = ($1.00 - $0.20) / $1.00CM Ratio = $0.80 / $1.00CM Ratio = 0.8 = 80%Therefore, the contribution margin ratio is 80%.

learn more about Margin

https://brainly.com/question/31963467

#SPJ11

"
Which of the following makes it relatively easier to imitate
resources?
Path dependence
Resource compression diseconomies
Visible assets
interconnected asset stocks
"

Answers

Visible assets make it relatively easier to imitate resources compared to other factors like path dependence, resource compression diseconomies, and interconnected asset stocks.

Visible assets refer to physical or tangible resources that can be easily observed and replicated by competitors. These assets include equipment, machinery, technology, and infrastructure that are visible and accessible to others. When these assets are easily visible, it becomes simpler for competitors to imitate them.

In the context of resource imitation, visibility plays a crucial role. When a resource is easily observable, competitors can study and analyze it more effectively. They can identify the components, processes, and functionalities associated with the visible asset, which allows them to replicate or reproduce it with relative ease.

Moreover, visible assets also provide a clear benchmark for competitors to aim for. When they can see the tangible resources that lead to a company's success, they can strive to acquire or replicate those resources in their own operations. This reduces the uncertainty and guesswork involved in imitating resources, as competitors have a tangible reference point to guide their efforts.

However, it is important to note that visibility alone is not the only factor that determines the ease of resource imitation. Other factors, such as complexity, proprietary knowledge, and intellectual property protection, also play significant roles. Nonetheless, when resources are visible, competitors have a higher chance of imitating them successfully.

Learn more about compression diseconomies

brainly.com/question/15710712

#SPJ11

From the following data for Country X, you are required to calculate:
i. GDP at market prices (6 marks)
ii. GDP at factor cost (2 marks)
iii. NNP (2 marks)
Total consumer expenditure 400 000
Government spending 148 000
Gross domestic capital formation 160 000
Value of physical increases in stock 8 000
Export of goods 72 000
Import of goods 68 520
Subsidies 5 560
Taxes on expenditure 6 960
Capital consumption 22 000
Income from abroad 31 600
Income paid abroad 29 600

Answers

The calculated values are:

i. GDP at market prices = 718,080

ii. GDP at factor cost = 716,680

iii. NNP = 696,680

To calculate the required values, we can use the following formulas:

i. GDP at market prices:

GDP at market prices = Total consumer expenditure + Government spending + Gross domestic capital formation + Value of physical increases in stock + Export of goods - Import of goods + Subsidies - Taxes on expenditure

GDP at market prices = 400,000 + 148,000 + 160,000 + 8,000 + 72,000 - 68,520 + 5,560 - 6,960

GDP at market prices = 718,080

ii. GDP at factor cost:

GDP at factor cost = GDP at market prices - Taxes on expenditure + Subsidies

GDP at factor cost = 718,080 - 6,960 + 5,560

GDP at factor cost = 716,680

iii. NNP (Net National Product):

NNP = GDP at factor cost - Capital consumption + Income from abroad - Income paid abroad

NNP = 716,680 - 22,000 + 31,600 - 29,600

NNP = 696,680

Therefore, the calculated values are:

i. GDP at market prices = 718,080

ii. GDP at factor cost = 716,680

iii. NNP = 696,680

Learn more about Gross domestic capital here:

https://brainly.com/question/1383764


#SPJ11

Research elasticity information for two particular goods: one with an elastic demand and one with an inelastic demand. Using the information of price elasticity, income elasticity and cross-price elasticity of demand you gather, predict changes in demand.
Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions.
Explain the importance of opportunity costs to decision making and how opportunity cost leads to international trade.
How better business decisions can benefit not just the producer but the consumer and society as a whole. Contrast the deontology and consequentialism approaches to ethics.
Pls help me answer all these questions and 1 introduction for these. Thanks so much

Answers

The ethical approaches of deontology and consequentialism, highlighting their differences in evaluating the morality of actions.

Introduction:

In this response, we will address several topics related to economics and decision making. We will explore elasticity and its impact on demand, discuss how marginal analysis leads to better pricing decisions, examine the importance of opportunity costs in decision making and its connection to international trade, and finally, compare the contrasting ethical approaches of deontology and consequentialism. Let's dive into each question.

1. Elasticity and Changes in Demand:

Price elasticity, income elasticity, and cross-price elasticity of demand provide insights into how changes in various factors affect demand for specific goods. For a good with **elastic demand**, a small change in price will result in a proportionately larger change in quantity demanded. This means that if the price of an elastic good decreases, the demand will increase significantly. On the other hand, for a good with **inelastic demand**, changes in price have a relatively smaller impact on the quantity demanded. Thus, if the price of an inelastic good increases, the demand may remain relatively stable.

2. Marginal Analysis and Pricing Decisions:

Marginal analysis is an economic principle that focuses on examining the costs and benefits of incremental changes in production or consumption. By considering only the additional costs and benefits associated with a decision, marginal analysis helps businesses make better pricing decisions. It avoids the consideration of **sunk costs**, which are costs that have already been incurred and cannot be recovered. By disregarding sunk costs and focusing on marginal costs and benefits, businesses can make rational pricing decisions that are based on current and future prospects rather than past investments.

3. Opportunity Cost, Decision Making, and International Trade:

Opportunity cost refers to the value of the next best alternative foregone when making a decision. It plays a vital role in decision making by highlighting the trade-offs involved. In the context of international trade, countries engage in trade when they have a comparative advantage in producing a particular good. The opportunity cost of producing that good domestically is higher compared to other goods or services. By focusing on their comparative advantage and trading with other countries, nations can maximize their overall production and benefit from the lower opportunity costs of obtaining goods or services from trading partners.

4. Business Decisions and Benefits to Producer, Consumer, and Society:

Making better business decisions can have positive impacts on multiple stakeholders. For producers, informed decisions can lead to increased efficiency, reduced costs, and improved profitability. This, in turn, can benefit consumers by offering lower prices, higher-quality products, and a wider range of choices. Society as a whole benefits from better business decisions through economic growth, job creation, and improved standards of living. By considering the long-term effects and externalities of their decisions, businesses can contribute positively to the overall well-being of society.

5. Deontology vs. Consequentialism in Ethics:

Deontology and consequentialism are contrasting ethical approaches. Deontology emphasizes the importance of moral duties and obligations, focusing on the inherent nature of actions rather than their outcomes. Consequentialism, on the other hand, prioritizes the consequences or outcomes of actions, aiming to maximize overall happiness or utility. Deontological ethics would consider the morality of an action based on principles or rules, whereas consequentialism would evaluate it based on the net positive or negative consequences it produces.

In conclusion, we have discussed elasticity and changes in demand, the role of marginal analysis in pricing decisions, the significance of opportunity costs in decision making and international trade, and the benefits of better business decisions for producers, consumers, and society as a whole. Additionally, we explored the ethical approaches of deontology and consequentialism, highlighting their differences in evaluating the morality of actions.

Learn more about consequentialism here

https://brainly.com/question/29313132

#SPJ11

On September 1, Ziegler Corporation had 54,000 shares of $5 per value common stock, and $162,000 of retained earmings, On that date, when the market price of the stock is $15 per share, the corparation issues a 2 .for-1 stock split. The generel journal entry to record this transaction is : Multiple Choice:
• Debit Retained Earnings $270000 , credit Split Paysale $270,000 • Debit Retained Earnings $270,000 ; credit Common Stock $270,000 • No entry is made for this transaction. • Debit Retained Earnings $810,000, credit Common $810,000 • Debit Retained Earnings $810,000 ; credit Common Stock Split Distributable $810,000.

Answers

Direct Answer:The journal entry to record the 2-for-1 stock split of Ziegler Corporation is Debit Retained Earnings $270,000; credit Common Stock Split Distributable $270,000.Explanation:Ziegler Corporation had 54,000 shares of $5 per value common stock and $162,000 of retained earnings on September 1, when the market price of the stock was $15 per share.The 2-for-1 stock split is the halving of the number of shares and doubling the number of outstanding shares. After the split, the company has 108,000 common stock shares and retained earnings of $162,000. As a result, the common stock split distributable should be recorded by the company.The journal entry to record the 2-for-1 stock split of Ziegler Corporation is:Debit Retained Earnings $270,000Credit Common Stock Split Distributable $270,000Therefore, the correct answer is Debit Retained Earnings $270,000; credit Common Stock Split Distributable $270,000.

Hamilton Company Issues $10,000,000,6%,5-Year Bonds Dated January 1,2020 On January 1, 2020. The Bonds Pay Interest Se

Answers

The proceeds from the bond issue are approximately $10,434,616. The closest option to this amount is $10,434,616.

To calculate the proceeds from the bond issue, we need to consider the face value of the bonds and the effective interest rate.

The formula to calculate the proceeds from the bond issue is:

Proceeds = Face Value * (1 - Total Bond Discount Rate)

First, let's calculate the total bond discount rate:

Total Bond Discount Rate = Face Value - Present Value

To find the present value, we use the present value of an ordinary annuity formula:

Present Value = Interest Payment * (1 - (1 + Market Interest Rate)^-n) / Market Interest Rate

Where:

Interest Payment = Face Value * Coupon Rate

Market Interest Rate = Yield Rate

n = Number of Interest Periods

Given:

Face Value = $10,000,000

Coupon Rate = 6% (or 0.06)

Yield Rate = 5% (or 0.05)

Number of Interest Periods = 10 (5 years * 2 semi-annual interest payments)

Let's calculate the present value:

Interest Payment = $10,000,000 * 0.06 = $600,000

Present Value = $600,000 * (1 - (1 + 0.05)^-10) / 0.05 ≈ $5,567,012

Next, let's calculate the total bond discount rate:

Total Bond Discount Rate = $10,000,000 - $5,567,012 ≈ $4,432,988

Finally, we can calculate the proceeds:

Proceeds = $10,000,000 * (1 - $4,432,988 / $10,000,000) ≈ $10,434,616

Therefore, the proceeds from the bond issue are approximately $10,434,616. The closest option to this amount is $10,434,616.

Learn more about here:

https://brainly.com/question/31358643

#SPJ11

Hamilton Company issues $10,000,000,6%,5-year bonds dated January 1,2020 on January 1, 2020. The bonds pay interest se annually on June 30 and December 31 . The bonds are issued to yield 5%. What are the proceeds from the bond issue?  

$10.000,000

$10.437,618

$10,432,988

$10,434,616

The proceeds from the bond issue are approximately $10,434,616. The closest option to this amount is $10,434,616.

To calculate the proceeds from the bond issue, we need to consider the face value of the bonds and the effective interest rate.

The formula to calculate the proceeds from the bond issue is:

Proceeds = Face Value * (1 - Total Bond Discount Rate)

First, let's calculate the total bond discount rate:

Total Bond Discount Rate = Face Value - Present Value

To find the present value, we use the present value of an ordinary annuity formula:

Present Value = Interest Payment * (1 - (1 + Market Interest Rate)^-n) / Market Interest Rate

Where:

Interest Payment = Face Value * Coupon Rate

Market Interest Rate = Yield Rate

n = Number of Interest Periods

Given:

Face Value = $10,000,000

Coupon Rate = 6% (or 0.06)

Yield Rate = 5% (or 0.05)

Number of Interest Periods = 10 (5 years * 2 semi-annual interest payments)

Let's calculate the present value:

Interest Payment = $10,000,000 * 0.06 = $600,000

Present Value = $600,000 * (1 - (1 + 0.05)^-10) / 0.05 ≈ $5,567,012

Next, let's calculate the total bond discount rate:

Total Bond Discount Rate = $10,000,000 - $5,567,012 ≈ $4,432,988

Finally, we can calculate the proceeds:

Proceeds = $10,000,000 * (1 - $4,432,988 / $10,000,000) ≈ $10,434,616

Therefore, the proceeds from the bond issue are approximately $10,434,616. The closest option to this amount is $10,434,616.

Learn more about bond  here:

https://brainly.com/question/31358643

#SPJ11

Hamilton Company issues $10,000,000,6%,5-year bonds dated January 1,2020 on January 1, 2020. The bonds pay interest se annually on June 30 and December 31 . The bonds are issued to yield 5%. What are the proceeds from the bond issue?  

$10.000,000

$10.437,618

$10,432,988

$10,434,616

what is the best advice for writing goodwill messages?

Answers

The best advice for writing goodwill messages is to be sincere and thoughtful. Show genuine appreciation, use a positive and uplifting tone, and tailor the message to the recipient. Keep it concise and clear, and consider the context and purpose of the message.

When writing goodwill messages, sincerity and thoughtfulness are key. Express genuine appreciation, using positive and uplifting language that reflects your true sentiments. Tailor the message to the recipient, acknowledging their specific achievements or circumstances. Keep the message concise and clear, avoiding unnecessary details. Consider the context and purpose of the message, whether it's for a personal or professional relationship, and ensure your words convey warmth and well-wishes.

Learn more about goodwill here:

https://brainly.com/question/33012544

#SPJ11

Assume that we compute current dollar GDP for 2022Q1 and find that it rose roughly 7% from 2021Q1. But we also find that general prices rose over the same period by 8%. Is the country better off, worse off, or about the same when it comes to real output? Explain

Answers

When we compare the percentage change in current dollar GDP (nominal GDP) and the percentage change in general prices (inflation), we can determine the country's real output, which accounts for changes in purchasing power.

In this case, the current dollar GDP rose by 7% from 2021Q1 to 2022Q1, while general prices rose by 8% over the same period.

To assess whether the country is better off, worse off, or about the same in terms of real output, we need to calculate the real GDP growth rate by adjusting for inflation. We can use the following formula:

Real GDP Growth Rate = Nominal GDP Growth Rate - Inflation Rate

In this case, the nominal GDP growth rate is 7%, and the inflation rate is 8%. Let's calculate the real GDP growth rate:

Real GDP Growth Rate = 7% - 8%

Real GDP Growth Rate = -1%

The negative real GDP growth rate indicates that the country's real output has decreased by 1% from 2021Q1 to 2022Q1. Therefore, the country is worse off in terms of real output.

The reason for this is that even though the current dollar GDP increased by 7%, the general price level rose by 8%, eroding the purchasing power of the country's output. This means that the country's production of goods and services did not outpace the increase in prices, resulting in a decline in real output.

In summary, despite the increase in nominal GDP, the country experienced a decrease in real output due to a higher inflation rate. The decline in real output suggests a decrease in the country's overall economic welfare during the period in question.

Learn more about nominal GDP here:

https://brainly.com/question/32942009


#SPJ11

Recall the definition of zero-rate for maturity T as
the continuously compounded rate of interest earned on an
investment that provides a payoff only at time T.

Answers

It is fundamental concept in the field of finance and is used in various financial instruments, such as bonds, swaps, and derivatives.

Learn more about finance here:

#

The definition of zero-rate for maturity T is that the continuously compounded rate of interest earned on an investment that provides a payoff only at time T.

Zero rates are rates of interest that are set at zero or near zero by the central banks. The zero rate is intended to promote the growth of investment by companies and consumers by minimizing the costs of borrowing. Furthermore, it is intended to motivate individuals and organizations to invest and spend, which should help to boost economic growth and employment.

Zero rates may also be used to promote spending and investment by companies and individuals by minimizing the costs of borrowing and saving, making it simpler for them to obtain credit and invest in capital projects. The zero rate for maturity T is defined as the continuously compounded interest rate earned on an investment that provides a payoff only at time T.

To know more about continuously:

https://brainly.com/question/31523914


#SPJ11

Do you agree or disagree with the following statement? Advance information technology is increasingly important in maritime industry and it is the key for success of maritime transportation service providers. Use specific reasons and examples to support your answer.

Answers

I agree that advance information technology is increasingly important in maritime industry and it is the key for success of maritime transportation service providers.

Advancement in technology has transformed various sectors and made it easy for service providers to offer better services to customers. Similarly, the maritime industry is also being transformed through the use of technology, which has brought about various changes and benefits to the industry. I agree with the statement that advance information technology is increasingly important in maritime industry and is the key for success of maritime transportation service providers.Advance information technology has transformed the maritime industry by making it possible for service providers to track their shipments in real time, thereby reducing delays, improving efficiency, and making the transportation of goods safer. For example, the use of GPS technology has made it possible for shipping companies to track their vessels at all times, enabling them to make necessary adjustments to avoid accidents and ensure timely delivery of goods. This has made it easier for shipping companies to offer better services to their customers and has increased customer satisfaction levels.

Furthermore, the use of technology has made it possible for maritime transportation service providers to share data and information with their customers in real time, thereby improving communication and making it possible for customers to track their shipments from the point of origin to the destination. This has made it easier for customers to plan and manage their logistics and has improved the overall efficiency of the maritime transportation industry.In conclusion, I agree that advance information technology is increasingly important in maritime industry and is the key for success of maritime transportation service providers. The use of technology has brought about various benefits to the industry, including improved efficiency, reduced delays, increased safety, and improved communication between service providers and their customers.

To know more about maritime transportation visit:

https://brainly.com/question/31402827

#SPJ11

Corporate sponsorships of sports are primarily motivated by corporate interest in A)promoting a way of life based on consumption and consumerism. B)developing a single worldwide standard of living.
C)findings new ways to train workers who will produce their goods.
D)building sports that bring the world together in large competitive events.

Answers

Corporate sponsorships of sports are primarily motivated by corporate interest in A) promoting a way of life based on consumption and consumerism. Companies sponsor sports events and teams as a means to promote their products and services to a wide audience.

By associating their brand with popular sports, they aim to create positive brand awareness and increase consumer engagement. Through sponsorships, companies can showcase their products during sporting events, advertise through signage and branding, and engage in various marketing activities to reach their target audience. This helps create a perception that their products are associated with an active and desirable lifestyle, promoting consumerism.

While the other options B) developing a single worldwide standard of living, C) finding new ways to train workers who will produce their goods, and D) building sports that bring the world together in large competitive events may have certain indirect effects or benefits, they are not the primary motivations for corporate sponsorships of sports. The primary focus is on promoting their brand and products, gaining exposure, and increasing their market share.

To learn more about Corporate sponsorships, you can visit

brainly.com/question/31551781

#SPJ11

Bob wants to expand his retirement portfolio, so he purchases some shares of stock in a software company that have consistently performed well over the last 10 years. What type of market transaction is taking place?
a.) Private placement
b.) Secondary market offering
c.) Primary market offering
d.) Share buyback

Answers

The type of market transaction is taking place option b.) Secondary market offering .

The type of market transaction that is taking place when Bob wants to expand his retirement portfolio and purchases some shares of stock in a software company that have consistently performed well over the last 10 years is a secondary market offering.

A secondary market offering is a subsequent public offering (SPO) that allows investors to sell shares of stock held by insiders or major shareholders such as founders, executives, or venture capitalists. A secondary offering is an alternative method of raising capital that is different from an initial public offering (IPO), in which shares are sold to the public for the first time.

Bob's purchase of shares in the software company that have consistently performed well over the last 10 years is an example of a secondary market offering because he bought the shares from another investor, not the company. The correct answer is option b.

Know more about  Secondary market offering   here:

brainly.com/question/13993804

#SPJ8

The Parliament, the legislature of the fictional country of Verben, is considering legislation that will generate benefits of $25 million and costs of $21 million. For perspective, Verben's population is 50 million. Passing the legislation is __________________ and if everyone in Verben shared equally in both its benefits and its costs, the Parliament will vote ____________ the legislation.

Answers

Passing the legislation is beneficial for Verben and if everyone in Verben shared equally in both its benefits and its costs, the Parliament will vote in favor of the legislation.

The legislation under consideration by the Parliament of Verben is projected to generate benefits of $25 million and costs of $21 million. With a population of 50 million, passing the legislation would result in a net benefit of $4 million for the country.

This means that the benefits outweigh the costs, making it advantageous for Verben to implement the proposed legislation.

When it is mentioned that "if everyone in Verben shared equally in both its benefits and its costs," it implies a fair distribution of the financial impact among the population.

In this scenario, each person in Verben would bear a cost of $0.42 million ($21 million divided by 50 million) and would receive a benefit of $0.50 million ($25 million divided by 50 million). Therefore, the net benefit for each individual would be $0.08 million ($0.50 million minus $0.42 million).

Considering that the legislation generates a positive net benefit for both the country as a whole and its individual citizens, it is highly likely that the Parliament will vote in favor of the legislation.

The positive outcome indicates that the legislation aligns with the interests of the population and contributes to the overall well-being of Verben.

Learn more about legislation

brainly.com/question/15522014

#SPJ11

Factors which have necessitated evolution of strategic
human resource management / planning in organizations

Answers

Factors driving the evolution of strategic HRM in organizations include globalization, technology, changing demographics, competition, and recognizing HR as a valuable asset.

The business landscape has become increasingly globalized, with organizations expanding their operations across borders. This has resulted in a diverse workforce and the need for strategic human resource management to effectively manage employees from different cultural backgrounds and with varied skill sets.

Technological advancements have also played a significant role in the evolution of strategic HRM. Automation, artificial intelligence, and digitalization have transformed the way work is done, leading to changes in job roles and skill requirements. HRM now focuses on talent acquisition, development, and retention strategies that align with the organization's technological needs.

Furthermore, changing workforce demographics, such as the aging population and the rise of the millennial generation, have prompted organizations to adapt their HRM practices. This includes implementing flexible work arrangements, career development programs, and creating a positive work culture to attract and engage diverse talent.

Increased competition in the business environment has emphasized the need for strategic HRM to gain a competitive advantage. Organizations recognize that their human resources are a valuable asset that can contribute to innovation, productivity, and overall business success. Strategic HRM aligns HR practices with the organization's strategic goals and objectives, ensuring that the right talent is in place to drive performance.

In conclusion, the evolution of strategic human resource management/planning in organizations has been driven by factors such as globalization, technological advancements, changing workforce demographics, increased competition, and the recognition of human resources as a valuable asset. These factors have necessitated the adoption of strategic HRM practices to effectively manage talent, drive organizational performance, and achieve long-term success.

Learn more about strategic HRM here:

https://brainly.com/question/28145056

#SPJ11

Compare major policies in education in VN before and after Doi moi. Give your own evaluation

Answers

Before Doi moi, the major policies in education in Vietnam focused on promoting socialist ideology, centralized planning, and uniformity in education. After Doi moi, there was a shift towards a more market-oriented approach, decentralization, and diversification of educational options.

Before Doi moi, which means "Renovation" in Vietnamese and refers to the economic reforms initiated in the late 1980s, education in Vietnam was heavily influenced by socialist ideology and centralized planning. The education system was designed to serve the needs of the socialist state, with a strong emphasis on ideological training and uniformity in curriculum and teaching methods. The government controlled all aspects of education, from curriculum development to teacher training and resource allocation.

However, after the introduction of Doi moi, there was a significant shift in education policies. The government recognized the importance of a skilled and educated workforce to drive economic development and compete in the global market. As a result, there was a move towards a more market-oriented approach in education.

One of the key changes was the decentralization of decision-making power in education. Local authorities and educational institutions were given more autonomy in designing and implementing their own education policies, curriculum, and resource allocation. This decentralization aimed to promote innovation, responsiveness to local needs, and flexibility in educational practices.

Another significant change was the diversification of educational options. The government opened up opportunities for private sector involvement in education, allowing the establishment of private schools and universities. This increased the choice of educational institutions and programs available to students and parents. Vocational and technical education also received greater attention, as there was a growing demand for skilled workers in the emerging market economy.

Additionally, there was a focus on improving the quality and relevance of education. Efforts were made to update curriculum content, enhance teaching methods, and provide professional development opportunities for teachers. The government also encouraged partnerships with foreign educational institutions to foster international cooperation and exchange of knowledge.

Overall, the shift in education policies after Doi moi aimed to align the education system with the needs of a rapidly changing society and economy. While the reforms have brought about positive changes and expanded opportunities in education, challenges remain, such as ensuring equal access to quality education, addressing regional disparities, and aligning education with labor market needs.

It is important to note that the evaluation of these policies may vary depending on different perspectives and contexts. Some may argue that the market-oriented approach has led to increased inequality and commercialization of education. Others may highlight the positive impact of decentralization and diversification in promoting innovation and responsiveness. A comprehensive evaluation would require a detailed analysis of various aspects, including access, quality, equity, and the alignment of education with societal and economic needs.

Learn more about economic reforms

https://brainly.com/question/31521737

#SPJ11

the discounted value of all cash flows from a project is, of the 3 methodologies studied in this course, the most complex mathematical calculation for evaluating a long term project's financial attractiveness can ignore the pattern of cash flows over the lifetime of the project the strategic alignment of a long term capital investment

Answers

The discounted value of all cash flows from a project refers to the process of calculating the present value of future cash flows by discounting them using an appropriate discount rate. While it is an important and commonly used method for evaluating the financial attractiveness of a long-term project, it is not necessarily the most complex mathematical calculation among the methodologies studied in finance.

Other methodologies, such as net present value (NPV) and internal rate of return (IRR), also involve calculations that consider the timing and magnitude of cash flows. NPV takes into account the discounted value of cash inflows and outflows and is commonly used to assess the profitability of an investment. IRR, on the other hand, calculates the discount rate at which the present value of cash inflows equals the present value of cash outflows, indicating the project's rate of return.

In terms of complexity, the calculation of discounted cash flows requires determining the appropriate discount rate, usually based on the project's risk and the cost of capital. This involves estimating future cash flows, selecting an appropriate discount rate, and applying the discounting formula. While it may involve some mathematical calculations, it is not necessarily more complex than other financial evaluation methods.

The strategic alignment of a long-term capital investment refers to the evaluation of how well the investment aligns with the overall strategic objectives and goals of the organization. This consideration is not directly related to the mathematical complexity of evaluating a project's financial attractiveness but focuses on the broader strategic implications and fit of the investment within the organization's strategic framework.

Learn more about here cash flows here

https://brainly.com/question/10714011

#SPJ11

The discounted value of all cash flows from a project refers to the process of calculating the present value of future cash flows by discounting them using an appropriate discount rate. While it is an important and commonly used method for evaluating the financial attractiveness of a long-term project, it is not necessarily the most complex mathematical calculation among the methodologies studied in finance.

Other methodologies, such as net present value (NPV) and internal rate of return (IRR), also involve calculations that consider the timing and magnitude of cash flows. NPV takes into account the discounted value of cash inflows and outflows and is commonly used to assess the profitability of an investment. IRR, on the other hand, calculates the discount rate at which the present value of cash inflows equals the present value of cash outflows, indicating the project's rate of return.

In terms of complexity, the calculation of discounted cash flows requires determining the appropriate discount rate, usually based on the project's risk and the cost of capital. This involves estimating future cash flows, selecting an appropriate discount rate, and applying the discounting formula. While it may involve some mathematical calculations, it is not necessarily more complex than other financial evaluation methods.

The strategic alignment of a long-term capital investment refers to the evaluation of how well the investment aligns with the overall strategic objectives and goals of the organization. This consideration is not directly related to the mathematical complexity of evaluating a project's financial attractiveness but focuses on the broader strategic implications and fit of the investment within the organization's strategic framework.

Learn more about here cash flows here

brainly.com/question/10714011

#SPJ11

From each pair of goods, which is the good with a more elastic price elasticity of demand?
A. Water/Lamborghini
B. Food/bread
C. Sneakers/Adidas sneakers
D. Bus passes in the short run/bus passes in the log run
E. Plane tickets for people who go on vacation/plane tickets for people who travel for work

Answers

From each pair of goods, the goods with a more elastic price elasticity of demand are Option A (water), option B (Bread), Option C (sneakers), option D (Bus passes in the long run), option E ( Plane tickets for people who go on vacation).

Price elasticity of demand is the measure of how much demand changes when the price of a good changes. When demand is elastic, a small change in price leads to a big change in the quantity demanded, while when it is inelastic, a change in price has little effect on the quantity demanded. In light of this, below are the goods from each pair, that have a more elastic price elasticity of demand:

A. Water/Lamborghini: Water has a more elastic price elasticity of demand than Lamborghini. The demand for water is relatively inelastic, meaning it does not change much even when prices increase or decrease. Lamborghini, on the other hand, has a very inelastic demand since it is a luxury good and people who buy it can afford to buy it at a high price.

B. Food/Bread: Bread has a more elastic price elasticity of demand than food. Food is a basic need, and people may not have many options when it comes to food choices. Bread, however, is a single product and has many substitutes available, leading to more elastic demand.

C. Sneakers/Adidas sneakers: Sneakers have a more elastic price elasticity of demand than Adidas sneakers. Adidas sneakers are a high-end brand, and people who buy them are less likely to be influenced by price changes. Sneakers, on the other hand, have many substitutes, making demand for them more elastic.

D. Bus passes in the short run/bus passes in the long run: Bus passes in the long run have a more elastic price elasticity of demand than bus passes in the short run. Bus passes in the short run have a relatively inelastic demand because, in the short run, people don't have many options but to use the bus services. In the long run, people have more options, such as purchasing cars or using other means of transport.

E. Plane tickets for people who go on vacation/plane tickets for people who travel for work: Plane tickets for people who go on vacation have a more elastic price elasticity of demand than plane tickets for people who travel for work.

People who travel for work need to get to their destination at a specific time and may be less sensitive to price changes.

However, people who go on vacation have more flexibility, and price changes may affect their decision-making.

Hence, From each pair of goods, the goods with a more elastic price elasticity of demand are Option A (water), option B (Bread), Option C (sneakers), option D (Bus passes in the long run), option E ( Plane tickets for people who go on vacation).

Read more about Elasticity of Demand at https://brainly.com/question/28945373

#SPJ11

Other Questions
For each of the following separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31. (Entries can draw from the following partial chart of accounts: Cash; Interest Receivable; Supplies; Prepaid Insurance; Equipment; Accumulated Depreciation Equipment; Wages Payable; Interest Payable; Unearned Revenue; Interest Revenue; Wages Expense; Supplies Expense; Insurance Expense; Interest Expense; and Depreciation Expense-Equipment.) a. Wages of $8,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $18,000. c. The Office Supplies account had a $240 debit balance at the beginning of December. During December, $5,200 of office supplies are purchased. A physical count of supplies at December 31 shows $440 of supplies available. d. The Prepaid Insurance account had a $4,000 balance at the beginning of December. An analysis of insurance policies shows that $1,200 of unexpired insurance benefits remain at December 31. e. The company has earned (but not recorded) $1,050 of interest from investments in CDs for the year ended December 31. The interest revenue will be received 10 days after the year-end on January 10. f. The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. A RADIUS authentication server requires that the ___ be authenticated first.A. authentication serverB. supplicantC. authenticatorD. user what category of stars is hot but not very luminous Find the constellation Cassiopeia. (Hint: near RA = 1h, Dec =+60) What is the Bayer designation for the brightest variable star in the constellation? What about the brightest double star in the constellation?Brightest variable: _______________ Brightest double: _______________ Research shows that continents move at an average rate of 2.3 cm per year. Which two theories could be supported by this evidence? Fully discuss the implications of the activity-based costing system with respect to:a. The use of direct labor as the sole basis for applying overhead to products?b. The use of the existing product-costing system as the basis for pricing? a compound that is necessary for emulsification of fat in the body is: Storage bins and silos must be equipped with ______ bottoms. According to research, what is the leading problem among police officers?a. Marital problemsb. Problems with childrenc. Drug problemd. Financial problem Part 2. Q2. Ethical responsibilities a. Indicate which ethical responsibilities you have considered prior to collecting the data (minimum of 3). See page 29-31. Name and explain how these apply to your specific research. For a regular surface S = {(x, y, z) = R | x + y =}. Is a helix given as a(t)= cost sint 2 2 2, 2) a geodesic in S? Justify your answer. When did the Hebrew Bible begin to take a relatively firm shape?Why then? there seems to be a connection between childlessness and _____________ A project team identifies the fluctuating cost of a raw material as a link to the project. Just prior to procuring the material, the price drops substantially. The team decides to double the order of the material and use the surplus in a future project. Which of the following risk strategies does this employ?A TransferB MitigateC ExploitD Accept refers to functional areas that add direct value to an organization, while refers to functional areas that provide indirect value to an organizatior Staff; Line Product; Customer Line; Staff Geographic; Process Mechanistic; Organic Kallsen Enterprises, in its first year of operations, has provided the following estimatod the information: believes that 55 percend of Based on past experience with similar companies, the maining 45 percent will be collecsed of sales will be collected in the month of sale while the remaining 4 serced balance each monef in At the end of the current year, Accounts Receivable has a balance of $575,000; Allowance for Doubtful Accounts has a debit balance of $5,000; and sales for the year total $2,590,000. Bad debt expense is estimated at 1.25% of sales. Determine the amount of the adjusting entry for uncollectible accounts. X 2. Which of the following arguments is not used to argue against the Fed attempting to keep interest and exchange rates stable? a. Keeping interest rates fixed for too long can actually lead to a financial crisis. b. Stable exchange rates between nations that are very different may be problematic in the long run. c. Stable exchange rates are primarily the responsibility of other central banks, not the Fed. d. Maintaining stable interest rates in the face of a fluctuating demand for money is not really within the capabilities of the Fed. e. Stable exchange rates can rarely be expected to lead to higher levels of global trade Accounts Payable Unearned Revenue-Loyalty Program CPP Payable El Payable HST Payable Income Tax Payable Unearned Revenue Vacation Pay Payable Jan, 2 5 12 In January, the following selected transactions occurred: 14 15 17 20 29 31 $49,000 3,700 1,210 31 620 8,330 3,440 12,900 8,470 Issued a $37,700, four-month, 6% note. Interest is payable at maturity. Sold merchandise for $13,000 cash, plus 13% HST. The cost of this sale was $3,850. Cullumber Software uses a perpetual Inventory system. Provided services for customers who had paid $9,300 cash in advance. The payment included HST of $1,070. Paid the Receiver General (federal government) for sales taxes collected in December 2020. Paid the Receiver General for amounts owing from the December payroll for CPP, EI, and income tax Paid $14,800 to creditors on account. Sold 7,280 units of a new product on account for $55 per unit, plus 13% HST. This new product has a one-year warranty, It. is estimated that 9% of the units sold will be returned for repair at an average cost of $10 per unit. The cost of this sale was $25 per unit. During the month, provided $3,050 of services for customers who redeemed their customer loyalty rewards. Assume that HST of $325 is included in the $3,050 Issued 32,700 loyalty rewards points worth $1 each Based on past experience, 20% of these points are expected to be redeemed Cash sales related to the issuance of the loyalty points were $249.800 Recorded and paid the monthly payroll. Gross salaries were $20.750. Amounts withheld included CPP of $849. El of $351, and income tax of $3.507 Date Jan. 2 Jan. 5 Jan. 5. Jan 12 Account Titles and Explanation Cash Notes Payable (Borrowed cash and signed a note.) Cash Jan 14 v HST Payable Sales (To record cash sales plus HST.) Cost of Goods Sold Merchandise Inventory (To record cost of goods sold.) Unearned Revenue Service Revenue HST Payable (To record service revenue for cash previously received.) HST Payable Cash (Remitted HST payable.) Debit 37.700 14690 3,850 9,300 8.000 Credit 37,700 1690 13.000 3,850 8230 1,070 8.330 Jan. 15 Jan. 17 Jan 20 Jan 20 v Jan 29 Income Tax Payable CPP Payable El Payable Cash (Remitted payroll deduction.) Jan 31 v Accounts Payable Cash (Payment on account.) Accounts Receivable. Sales HST Payable (To record sales on account plus HST.) Cost of Goods Sold Merchandise Inventory (To record cost of goods sold.) Unearned Revenue-Loyalty Program Accounts Receivable HST Payable (To record redemption of rewards plus HST.) 3,440 1210 14,800 620 452452 182000 3.050 249.800 14,800 400400 52052 182000 5270 2725 325 28915 Jan 31 V revenue related to loyalty program.) Jan 31 v Salaries Expense CPP Payable El Payable Income Tax Payable Salaries Payable (To record salaries expense.) Salaries Payable Cash (To record payment of salaries payable.) 20,750 16043 849 351 3.507 16043 16043 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Round answers to 0 decimal places, eg. 5,276.) Date Account Titles and Explanation (1) Jan. 31 (2) Jan 31 (3) Jan Interest Expense Interest Payable (To accrue interest expense.) 31 Warranty Expense (To accrue warranty expense) (4) Jan Warranty Liability 31 Employee Benefits Expense CPP Payable El Payable Vacation Pay Payable (To record employer benefits expense) Property Tax Expense Property Tax Payable To accrue property tax expense). Debit 188.5 O NOUND ON 6552 1679.2 Credit DO NOT 188.5 6552 849 4914 338.8 675 Prepare the current liabilities section of the balance sheet at January 31. (Round answers to 0 decimal places, eg. 5,272 CULLUMBER SOFTWARE COMPANY (Partial) Balance Sheet January 31, 2021 Current Liabilities $ DODA The retail inventory method of estimating inventory uses the ratio of goods available for sale at cost to goods available for sale at retail. True or False