describe the scientific management approach that was embraced by henry ford in his early assembly lines and explain why this may be useful and/or limited in the current

The straight-line method is one of the most common depreciation methods and is based on the principle of uniform depreciation. It divides the initial cost of an asset minus its salvage value by the asset's useful life in years to arrive at the annual depreciation amount.

[tex]Annual depreciation=($23,000-$3,000)/5 Years\\=$4,000[/tex]

Depreciation per month = Annual depreciation / 12 months

[tex]Depreciation per month = $4,000 / 12 months[/tex]

Depreciation was recognized on December 31, 2019

Therefore, Sportsworld should recognize $1,333.33 in depreciation on December 31, 2019.

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Therefore, the correct answer is (b) $5,281,920.

The consolidated balance sheet will include the assets, liabilities, and equity of both the investor and investee. Since the investor owns 100% of the voting common stock of the investee, the consolidation will result in the elimination of the investment in the investee account and the inclusion of the underlying assets and liabilities of the investee.

Based on the given information, the consolidated balance sheet at December 31, 2022 will include the following:

Investor's assets: $5,125,680

Investee's assets: $403,200

Elimination of investment in investee account: ($297,360)

Total consolidated assets: $5,231,520

Therefore, the correct answer is (b) $5,281,920.

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To create the most effective chart, she should "avoid the use of pie charts or other graphical representation." Option A is the correct answer.

Myra should avoid using pie charts or other graphical representations to create the most effective chart for her sales presentation. A simple bar chart could be used instead. The bar chart will be more effective as it shows how much faster wounds heal when protected with SoloSite, a water-based ointment.

The bar chart makes it easy to compare the effectiveness of the ointment in different situations. The use of complete sentences, the intermingling of major and minor selling points, or the avoidance of bullet points are irrelevant in this situation. Hence the correct answer is option A: avoid the use of pie charts or other graphical representation.

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Answer: Money has a time value because of the opportunity cost of using it today rather than in the future. The time value of money is the concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Explanation: One real-life scenario in which you can apply the concept of the time value of money is when deciding whether to invest in a retirement account or pay off a high-interest debt. For example, suppose your classmate has a credit card debt of $5,000 at an interest rate of 20% per year. They are deciding whether to use their extra money to pay off the debt or invest it in a retirement account with an expected return of 8% per year. They have 5 years until retirement.

To solve this problem, your classmate needs to compare the future value of the debt if they continue to make minimum payments versus the future value of the retirement account if they invest the money today. They can use a financial calculator or spreadsheet to calculate the future value of each option and compare them to determine which one is more advantageous.

To calculate the future value of the debt, your classmate needs to know the current balance ($5,000), the interest rate (20% per year), and the number of years until they pay it off. To calculate the future value of the retirement account, they need to know the current investment amount, the expected rate of return, and the number of years until retirement.

Based on the future value calculations, your classmate can decide whether it is more beneficial to pay off the debt or invest the money in a retirement account. By considering the time value of money, they can make a more informed decision that aligns with their long-term financial goals.

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If the owner of a business with a buyer terminates an agency without giving notice of the termination to vendors who have dealt with the agent, it is not reasonable for the vendors to expect that the agent still has the authority to make contracts that will bind the business.

When an agency is terminated, the principal is under no legal obligation to compensate the agent for the work that he or she has done unless he or she is terminated without any notice.

In addition, a principal is under no legal obligation to pay an agent who has caused damages to the principal, intentionally or unintentionally. An agency is a legal relationship in which a party grants authority to another party to act on his or her behalf.

This relationship is established by an agency agreement, which lays out the terms and conditions of the relationship. The party that grants authority is referred to as the principal, while the party that is granted authority is referred to as the agent.

Because the principal grants the agent authority, the agent is required to act in the principal's best interests, including following the principal's instructions, exercising reasonable care, and keeping accurate records.

The agency agreement is usually for a specific period of time, although it may be extended or terminated by the principal or the agent at any time, subject to the terms of the agreement.

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Answer:

As an owner or member of an LLC, you are protected from all personal liability because of the limited liability protection. This statement is true.

Explanation:

An LLC (Limited Liability Company) is a business organization structure that provides the owners of the LLC with limited liability protection. It is also commonly referred to as a hybrid business structure that combines the elements of a corporation with a partnership structure.

What is personal liability?

Personal liability is a legal concept that refers to the responsibility that an individual holds for the actions and debts of their business. If the owner or the partner is personally liable, they will be held responsible for the debts and obligations of the business. This means that if the business does not generate enough money to pay its creditors, the owner or partner can be held personally liable for the outstanding amount.

What is limited liability protection?

Limited liability protection is a legal concept that refers to the protection that business owners enjoy in which their personal assets are separated from the assets of the business. This means that the business owner's personal assets cannot be used to pay off the business's obligations in case the business does not have enough money to pay its debts. An LLC provides limited liability protection to its owners or members. This means that the member's personal assets are not at risk in the event of the LLC being sued or in debt beyond its capability to pay. In other words, the business's debt cannot be paid by the personal assets of the members or owners of the LLC. Therefore, it is true that as an owner or member of an LLC, you are protected from all personal liability because of the limited liability protection.

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As an owner or member of an LLC, you are protected from all personal liability because of the limited liability protection. This statement is true.

An LLC (Limited Liability Company) is a business organization structure that provides the owners of the LLC with limited liability protection. It is also commonly referred to as a hybrid business structure that combines the elements of a corporation with a partnership structure.

Limited liability protection is a legal concept that refers to the protection that business owners enjoy in which their personal assets are separated from the assets of the business. This means that the business owner's personal assets cannot be used to pay off the business's obligations in case the business does not have enough money to pay its debts. An LLC provides limited liability protection to its owners or members.

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If the two-year interest rates in Australia and the US are 7.5% and 5.25%, respectively, the two-year forward exchange rate (USD per AUD) is 0.8050.

The two-year forward exchange rate can be calculated using the interest rate parity formula:

F/S = e^(rd-rf) * (1 + rf)^n / (1 + rd)^n

Where:

F/S = the forward exchange rate

e = the current spot exchange rate

rd = the domestic interest rate (US)

rf = the foreign interest rate (Australia)

n = the number of periods (2 years)

Plugging in the  values:

F/.7100 = e^(0.0525-0.075) * (1 + 0.075)^2 / (1 + 0.0525)^2

Solving for F:

F = .7100 * e^(0.0525-0.075) * (1 + 0.075)^2 / (1 + 0.0525)^2

F = .7100 * e^(-0.0225) * 1.1570 / 1.1086

F = .7100 * 1.1349

F = 0.8050

Therefore, the two-year forward exchange rate (USD per AUD) is 0.8050.

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The 2017 trade (re)negotiation of NAFTA did not include a five-year subset clause of USMCA. Therefore, the correct option is option 1.

NAFTA stands for the North American Free Trade Agreement, which was signed by the United States, Mexico, and Canada in 1994. NAFTA was a trilateral trade agreement between the three countries. NAFTA eliminated tariffs and non-tariff barriers to trade between the three countries, which resulted in a significant increase in trade among the three countries. It also strengthened the trading relationship among the three countries by eliminating trade barriers.

In 2017, the United States, Canada, and Mexico renegotiated NAFTA to make it more beneficial for all three countries. The agreement was renamed the USMCA (United States-Mexico-Canada Agreement). Out of the options given, a five-year subset clause of USMCA is not included in the content of the 2017 trade (re)negotiation of NAFTA.

A five-year subset clause of USMCA is a new provision that was introduced in the USMCA, which came into effect on July 1, 2020. The provision requires the three countries to review and renew the agreement every five years. Hence, the correct answer is option 1.

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The cash budget for a retail company is given below.

The company needs a minimum cash balance of $5,000 to start each quarter. Fill in the blanks.(Enter the answers in thousands of dollars. Cash deficiencies and repayments should be denoted by a minus sign.)Cash Budget Quarter (000 omitted)1 2 3 4 Year Cash balance, beginning$ 9 + (107) + (367) = 483Total cash available 74

Less disbursements: Purchase of inventory (46) (56) (30)Selling and administrative expenses (32) (30) (109)Equipment purchases (9) (9) (21) (49) Dividends (2) (2) (2) (2) Total disbursements (99) (265) Excess (deficiency) of cash available over disbursements $(25) $17 $(198) $218

Financing: Borrowings 7 Repayments (including interest)* (19)Total financing (12)Cash balance, ending$ 5 $22 $(176) $42 *Interest will total $1,000 for the year. The solution for the required amounts in the cash budget is given below: Quarter 1: $5, Quarter 2: $22, Quarter 3: ($176), Quarter 4: $42.

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Baker's contribution margin ratio is 60%, which means that a $7,000 increase in sales will result in a $4,200 increase in net operating income.

To calculate the increase in net operating income, we can use the contribution margin formula:

Contribution Margin = Sales - Variable Costs

Or rearranging the formula, we get:

Sales - Variable Costs = Contribution Margin

Then, we can use the contribution margin ratio to find the amount of contribution margin that comes from each dollar of sales:

Contribution Margin Ratio = Contribution Margin / Sales

Multiplying both sides by Sales, we get:

Contribution Margin = Contribution Margin Ratio x Sales

Now we can use this formula to calculate the increase in net operating income:

Increase in Sales = $7,000

Contribution Margin Ratio = 60% = 0.6

Contribution Margin = Contribution Margin Ratio x Sales

Contribution Margin = 0.6 x $7,000

Contribution Margin = $4,200

Since contribution margin represents the amount that covers fixed costs and contributes to net operating income, the increase in net operating income will also be $4,200.

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Carolyn is responsible for the $50 if the check bounces. According to Tops Supermarkets' policy, Carolyn is only allowed to cash checks for up to $20 over a purchase amount, so if the check for $50 bounces, Carolyn is not following the policy and is thus responsible for the $50.

If Carolyn, a cashier at Tops Supermarkets, may cash checks for up to $20 over a purchase amount, and a friend needs money for a dress, so Carolyn cashes a check for $50 with no purchase. If the check bounces, Carolyn is liable for the check amount plus a fee.

A bounced check is also known as a rubber check or a returned item. If the recipient (Carolyn) had deposited the check instead of cashing it, it would not have been returned, but the bank would have charged the account holder a fee for having insufficient funds.

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The statement "With relationship marketing, customers can develop social relationships with their service providers which makes it less likely that they will switch to a competitor" is True.

Relationship marketing is a customer-oriented approach that focuses on developing and strengthening connections with customers to ensure their loyalty and retention. The aim is to cultivate strong, long-term social relationships with customers that generate repeat business and drive customer loyalty.

Relationship marketing establishes trust, loyalty, and long-term social relationships with customers by providing them with a customized, pleasant experience. To maintain a customer's loyalty and satisfaction, this method focuses on their needs, preferences, and interests.

The theory behind relationship marketing is based on the idea that maintaining strong social relationships with customers is critical to the success of any business. When customers feel valued, cared for, and understood, they are more likely to come back and tell others about their experience, resulting in increased revenue and word-of-mouth marketing.

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In the following question on product's lifecycle,  Introduction Stage: High Sales, Low Profits, No Competition, Early Adopters, Growth Stage: Increasing Sales, Increasing Profits, Increasing Competition, Early Majority and Late Majority, Maturity Stage: Declining Sales, High Profits, Heavy Competition, Late Majority and Laggards, Decline Stage: Low Sales, Low Profits, Low Competition, Laggards.

The introduction stage is characterized by high levels of sales and low profits, as well as a lack of competition. The consumer types in this stage are early adopters.
The growth stage has increasing levels of sales and profits, and increased competition. The consumer types in this stage are early majority and late majority.
The maturity stage is characterized by declining sales, yet high profits and heavy competition. The consumer types in this stage are late majority and laggards.
The decline stage has low sales and low profits, as well as low competition. The consumer types in this stage are laggards.
In summary, the market attributes and consumer types that characterize each product life cycle stage are:
Introduction Stage: High Sales, Low Profits, No Competition, Early Adopters
Growth Stage: Increasing Sales, Increasing Profits, Increasing Competition, Early Majority and Late Majority
Maturity Stage: Declining Sales, High Profits, Heavy Competition, Late Majority and Laggards
Decline Stage: Low Sales, Low Profits, Low Competition, Laggards

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Eddie's Electronics' Total revenue TR = $146,250 and Eddie's Electronics' profit is  Profit = $16,900

Profit is nothing but/other than Total revenue (TR) - Total cost (TC).

TR is P × Q.

Price is given to be $450. Quantity is given to be 325 units. Cost per unit is $398.

TR= 450 × 325

TR = $146,250

Total cost = Cost per unit × total units sold.

TC = 398 × 325

TC = $129,350

Profit = $146,250 - $129,350

Profit = $16,900

Gross sales is the total revenue earned by a seller from selling goods or services to a buyer. It can be written as P × Q. This is the price of the item multiplied by the quantity of the item sold.

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Complete question:

Eddie's Electronics sells laptop computers for $ 450 each. At this price, the store sells 325 laptops. Eddie's Electronics incurs a $ 398 cost for each laptop it sells. Assume that this is the store's only cost. Round your answers to the nearest dollar. What is Eddie's Electronics' revenue? $ What is Eddie's Electronics' profit?

The answer is option A. In order to answer the given question, we need to understand the scenario first. Franco Co., the parent of a US-based multinational corporation (MNC), is considering issuing bonds to raise funds. The company is considering denominating those bonds in Japanese Yen.

Franco Co uses the forecasted value of the yen to make this decision. decisions, with the goal of improving the value of the MNC by influencing the dollar value of foreign cash flows. So, this is an example of using exchange rate forecasting to assist with capital budgeting. Hence, the answer is option A.

In the second scenario, California Co. must pay 5 million Mexican pesos by tomorrow in exchange for supplies that it has agreed to purchase from a supplier in Mexico. The peso depreciated today against the dollar by 5 percent. Using time series data of past currency fluctuations, California observes that whenever the peso depreciates against the dollar by more than 1 percent, it tends to depreciate again by about 60 percent of the initial change.

Given the results of the forecasting by California Co., the firm will most likely decide to wait to see if the peso depreciates further before purchasing the supplies from the supplier in Mexico.

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The Net Accounts Receivable balance, which shows the estimated amount of Accounts Receivable that are expected to be collected, is obtained by subtracting the Allowance for Doubtful Accounts from the gross Accounts Receivable total.

A provision for dubious accounts is referred to as a "counter asset" because it lowers the value of an asset, in this example, the accounts receivable. The allowance—also referred to as a bad debt reserve—represents management's estimate of the amount of accounts receivable that customers won't pay..

Not yet due: $295,000 x 2.5% = $7,375

Up to 120 days past due: $55,000 x 11% = $6,050

More than 120 days past due: $18,000 x 30% = $5,400

Total estimated bad debt expense = $18,825

Bad Debt Expense $18,825

Allowance for Doubtful Accounts $18,725

Accounts Receivable

Accounts Receivable

Not yet due $295,000

Up to 120 days past due $55,000

More than 120 days past due $18,000

Less: Allowance for Doubtful Accounts ($18,725)

Net Accounts Receivable $349,275

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The company is using the trial and error method of promotional budgeting.

This method involves testing different budget amounts in various markets to determine the optimal amount of advertising expenditure. The company will then use the data gathered from their tests to determine the budget that will produce the best results.

Trial and error is a form of problem solving, learning, and discovery. It involves testing different potential solutions to a problem, and then analyzing the results of the tests. In this scenario, the company is testing different promotional budgets in different markets, in order to find the budget that yields the best results.

This is a practical method that can save the company time and resources in the long run. By testing different budgets, the company can see which yields the most favorable outcomes, and then use that budget for their promotional efforts.

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The type of money for the features and uses stated is as follows:

Money is something that is used to purchase goods and services. The following are the different types of money:

Checking account: The money in a checking account is used to pay for transactions such as checks, online bill payments, debit card purchases, and ATM withdrawals.

Savings account: A savings account is a type of bank account that allows you to save money while earning interest on it. A savings account is useful for keeping money aside for long-term goals such as a down payment on a house or college tuition.

Money Market Account: A Money Market Account is a type of savings account that typically pays a higher interest rate than a traditional savings account. It's similar to a savings account in that it offers a safe place to store your money.

Certificate of Deposit (CD): A CD is a type of savings account that has a set term and a fixed interest rate. It is similar to a savings account, but it typically requires a higher minimum deposit and offers a higher interest rate than a savings account.

Credit Card: A credit card is a type of payment card that allows you to borrow money from a bank or credit card company. You can use a credit card to make purchases or withdraw cash, and you'll be charged interest on the money you borrow if you don't pay it back in full each month.

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Conflict of interest is a situation wherein a professional's objectivity is compromised due to personal, financial, or other interests.

A conflict of interest exists when a professional service or relationship creates a situation that might impair completion of the audit, such as when an auditor is also a client, or if the auditor has a financial interest in the company undergoing the audit.

A conflict of interest also exists when a professional relationship creates a situation that might impair objective judgment, such as when an auditor has a close personal or familial relationship with a client. Lastly, professional skepticism fails to meet objective standards when an auditor fails to objectively assess the situation and instead relies on unfounded assumptions or beliefs.

All of these scenarios constitute a conflict of interest and can lead to biased results.

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In a business partnership, a limited partner is a type of partner who is typically not involved in the day-to-day management of the business.

Instead, their role is limited to providing financial support or investment capital to the partnership. Limited partners are typically only liable for the partnership's debts up to the amount of their investment or capital contribution. This means that if the partnership incurs significant debts or legal liabilities, the limited partner's personal assets are generally not at risk beyond their investment in the partnership. Limited partners also typically have limited decision-making power in the partnership, and may not be able to vote on important partnership decisions or have a say in the day-to-day management of the business.

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The form of economic system that emerged with the industrialization of society has been referred to as the family-wage economy. Therefore, alternative d is correct.

An economic system is defined as the way a society utilizes its resources to meet the needs of its members. The production, allocation, and consumption of goods and services are all part of an economic system.

The industrial revolution altered the economy in many ways. A new economic system emerged, known as the family-wage economy. It's worth noting that this economy's development was directly linked to industrialization, which occurred in the early to mid-19th century.

In conclusión, alternative d is correct.

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The statement which true is A) ."The process above describes the events that occur during expiration.

When we breathe out, the volume of the thoracic cavity decreases. This causes the pressure within the cavity to increase. As the pressure rises, it forces the air out of the lungs until the pressure in the thoracic cavity is equal to the atmospheric pressure. Intrapleural pressure is negative during breathing, and it becomes more negative during inspiration, which helps to keep the lungs inflated.

The decrease in intrapleural pressure is due to the fact that the lungs recoil when they lose air, and this makes the pleural membranes pull away from each other, causing the intrapleural pressure to drop.

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Gerald Company buys stock FOB the shipment location. The cost of shipping is $300. Gerald's inventory includes the delivery expenses.

When things are shipped FOB shipping point, the buyer is in charge of paying for the cost of shipment, and ownership of the goods only transfers to the carrier once it has done so. These goods are a component of the buyer's inventory while they are in transit.

A few of the costs associated with FOB include shipping goods to the port, loading them, paying for marine freight and insurance, unloading them at the destination port, and paying for shipping all the way to the final location.

At the FOB shipping point, which is also the location at which the title of the shipment of goods is transferred, the buyer legally becomes the owner of the items. The seller is therefore exempt from responsibility for the goods while they are being delivered.

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In order for Nils to  to display those tasks without affecting the rest of the project, he would have to use the filter function.

To display the procurement tasks in his project without affecting the rest of the project, Nils should use the filter function in the Gantt chart table. He can do this by clicking on the "Filter" button, selecting the "Procurement Tasks" option, and applying the filter.

This will display only the procurement tasks in the Gantt chart without affecting the rest of the project.

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1. Using the high-low method, the cost formula for shipping expense can be estimated as Y = $89,000 + $4.80X, where Y is the shipping expense and X is the number of units sold. 2.

Milden Company Contribution Format Income Statement for Quarter 1, Year 3

Revenue:

29,000 units x $57 per unit = $1,663,000

Less Variable Costs:

Cost of Goods Sold = 29,000 units x $27 = $783,000

Sales Commissions = 29,000 units x $3.42 = $99,580

Shipping Expense = 29,000 units x $4.80 = $139,200

Total Variable Costs = $1,021,780

Contribution Margin = $1,663,000 - $1,021,780 = $641,220

Less Fixed Costs:

Advertising Expense = $177,000

Administrative Salaries = $87,000

Insurance Expense = $9,700

Depreciation Expense = $57,000

Total Fixed Costs = $330,700

Net Operating Income = $641,220 - $330,700 = $310,520

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If a 10 percent increase in the price of one good results in a decrease of 5 percent in the quantity demanded of another good, then it can be concluded that the two goods are complements. If the demand for a product is elastic, then total revenue will fall as price falls.

When two goods are compliment goods, the price of one has an inverse relationship with the demand of the other. As a result, when the price of one good goes up, the demand for the other good goes down, and vice versa. Therefore, the correct answer is option A (complements).

Elastic demand occurs when a change in price results in a change in demand in the opposite direction. Elastic demand refers to a type of demand that is sensitive to changes in price. In other words, when there is a change in price, the demand for the product changes proportionately in the opposite direction. If a product has elastic demand, a change in price will cause a relatively larger change in the quantity demanded. This is why the total revenue will decrease as the price falls. Thus, option D (fall as price falls) is the correct answer. In addition, if a 10 percent increase in the price of one good results in a decrease of 5 percent in the quantity demanded of another good, then it can be concluded that the two goods are substitutes.

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Unions often resist cooperating with management in facilitating change beneficial to the workers because: unions are wary of management's true motives behind the proposed change.

What are unions?

A union is an association of employees who come together for a common purpose, such as collective bargaining with employers for better wages, hours, and working conditions. A union, also known as a labor union, is a type of organization that represents employees and works to protect their interests.

Unions usually resist cooperating with management in facilitating change beneficial to the workers because they want to make sure that the proposed changes are in the best interests of the workers.

When management introduces a change, it may have ulterior motives, such as trying to reduce wages or benefits, or trying to increase productivity without increasing compensation. Unions are concerned about workers' job security and working conditions, and they want to ensure that any changes made do not have a negative impact on them.

They can be skeptical of management's promises of improvements and can feel that any changes should be made with the workers' input and agreement.

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(a) Market Quantity: The market quantity will be equal to the sum of the individual quantity produced by the 3 identical firms.

Q=q1+q2+q3

In the oligopolistic market, the price is determined by the industry's total quantity supplied. Therefore, it is important to derive the market demand function from the inverse demand function.

P=3000-6Q

3000-6(q1+q2+q3)=p

The three identical firms will have the same marginal cost (MC), average cost (AC), and price (P). They will determine their production levels based on their individual marginal revenue (MR), which is determined by the following equation:

MR=δTR/δQ

(b) The following equation can be used to calculate the equilibrium quantity:

MC=MR

MC=3(3000-6q)/3q

q=500

The price is determined by the market demand function:

P=3000-6Q

P=3000-6(1500)

P=21000

(c) Each firm's profit can be calculated using the following formula:

Profit=(P−ATC)Q

=(21000-2000)500

=$9,500,000

(d) The profit of the merged firm will be equal to:

Profit=(P-ATC)Q

=(21000-1600)(1000)

=$19,400,000

(e) Firms may want to merge because it increases their market power, reducing competition and increasing profits. In this scenario, the merged firm will enjoy significantly higher profits as compared to when all three firms were competing in the market.

(f) The firm that was not a part of the merger would not benefit from the merger. The merged firm would reduce the market quantity and increase the price, resulting in a decrease in total profits for the remaining firm. This is because, after the merger, the merged firm has a significant amount of market power and can control the price to a large extent.

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The freehold estate that has the right of disposition been separated from the other rights is a life estate.(C)

A freehold estate is an estate in land in which an individual has exclusive possession of the property for an undefined duration. A freehold estate is a type of estate that is owned in perpetuity.The right of disposition is the power to give away, sell, or dispose of property.

It refers to the right to give or transfer ownership to someone else.

A life estate is a type of freehold estate that provides the holder the right to the property during their lifetime. After the individual dies, the property returns to the original owner.  (C)

The right of disposition in a life estate is separated from the other rights since the property ownership reverts to the original owner once the life tenant dies, making it impossible for them to sell or transfer the property to someone else.

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As vice president of human resources at Lodge Corporation, Paul enjoys working alongside his peer vice presidents, largely because they all have different skills and manage different parts of the organization, including research, engineering, production, construction, procurement, and finance.

Lodge Corporation is a diversified organization. A diversified organization is a corporation that operates in various industries or market segments. Diversification, according to research, is a business technique in which a corporation enters new markets or industries with the aim of increasing revenues or lowering risk by lowering concentration in a particular sector. Therefore, the given corporation Lodge Corporation is a diversified organization because it operates in various segments like research, engineering, production, construction, procurement, and finance.

Lodge Corporation, as a diversified corporation, benefits from several businesses and divisions that may work together to generate value, rather than relying on a single source of revenue or operating in a single market segment. The diversified organization approach assists in the management of risk and reduces the likelihood of significant losses if one product or service performs poorly in the market.

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