The required total sales to accomplish a gross edge of $32,000 would be $32,000.
Let's accept the ongoing Total sale is addressed as "S" and the ongoing Total cost of sales is addressed as "C".
Total sales = S
Total Cost of Sales = C
We are given that the gross margin is $32,000, and the condition for the gross margin is Gross Margin = Total sales - Total cost of sales.
Accordingly, we can compose the condition as:
$32,000 = S - C
We are additionally educated that the total cost of sales will increment by 1% one week from now. To represent this increment, we really want to duplicate the ongoing Complete Expense of Deals by 1.01 (a 1% increment is comparable to increasing by 1.01).
The condition with the expanded Complete Expense of Deals becomes:
$32,000 = S - 1.01C
Presently, let's detach "S" in the situation to address the expected out Deals.
Adding 1.01C to the two sides of the situation, we get:
$32,000 + 1.01C = S
Thusly, the expected total sales to accomplish a gross margin of $32,000 would be $32,000 in addition to 1.01 times the ongoing Cost of Deals.
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25. Suppose a perfectly competitive industry is in long-run equilibrium. A new one-time cost-saving
technology (which is freely available) is then developed and new plants are built. Eventually, a
new long-run equilibrium will be established where (1 Point)
new plants employ the new technology, but existing plants continue to produce as long as they cover their
fixed costs.
high-cost and low-cost firms exist side by side and market output will be higher.
the industry supply curve has shifted to the left and price and output are both higher.
all plants continue to operate until they are physically worn out as long as price is greater than the firm's
average variable cost.
all plants use the new technology, and market output will be higher and price will be lower
A new long-run equilibrium will be established where Option E. all plants use the new technology, and market output will be higher and the price will be lower.
In a perfectly competitive industry in long-run equilibrium, the market is characterized by firms producing at their minimum average total cost and earning normal profits. However, when a new one-time cost-saving technology is developed and new plants are built, it will lead to changes in the industry.
Eventually, a new long-run equilibrium will be established. Let's analyze the options provided to determine which one best describes this new equilibrium:
A. This option suggests that new plants employ the new technology, but existing plants continue to produce as long as they cover their fixed costs. However, in the long run, firms will adjust their operations to take advantage of the cost-saving technology, which will lead to a more efficient allocation of resources. Therefore, this option is not likely to describe the new equilibrium.
B. This option suggests that high-cost and low-cost firms exist side by side, and market output will be higher. While it is true that the new technology may lead to lower costs, high-cost firms may still be present in the market. However, the market output is likely to increase due to the efficiency gains from the new technology, which can lead to a lower price for consumers.
C. This option suggests that the industry supply curve has shifted to the left, and both price and output are higher. However, with the introduction of cost-saving technology, the industry's supply curve is more likely to shift to the right, leading to an increase in output and a potential decrease in price.
D. This option suggests that all plants continue to operate until they are physically worn out as long as the price is greater than the firm's average variable cost. However, in the long run, firms will adjust their operations to utilize the new technology, which may lead to the closure of some older, less efficient plants.
E. This option suggests that all plants use the new technology, resulting in higher market output and a lower price. This is the most likely outcome when a new cost-saving technology is introduced. Firms will adopt the latest technology to reduce costs, leading to an increase in market output and potentially a decrease in price.
Therefore, option E, "all plants use the new technology, and market output will be higher, and the price will be lower," best describes the new long-run equilibrium after introducing the cost-saving technology. Therefore, the correct option is E.
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25. Suppose a perfectly competitive industry is in long-run equilibrium. A new one-time cost-saving technology (which is freely available) is then developed and new plants are built. Eventually, a new long-run equilibrium will be established where (1 Point)
A. new plants employ the new technology, but existing plants continue to produce as long as they cover their fixed costs.
B. high-cost and low-cost firms exist side by side and market output will be higher.
C. the industry supply curve has shifted to the left and price and output are both higher.
D. all plants continue to operate until they are physically worn out as long as the price is greater than the firm's average variable cost.
E. all plants use the new technology, and market output will be higher and the price will be lower
In Infosys BPM ltd, during the client audit,the external auditor seeks for your credentials.what would be your response
I would respond to the external auditor's request for credentials by providing my employee ID card, relevant certifications, and references to establish my qualifications and expertise.
During a client audit at Infosys BPM Ltd, if the external auditor seeks my credentials, I would respond in a professional and transparent manner. I would provide them with the necessary information to establish my credentials and assure them of my qualifications and expertise.
I would begin by presenting my identification, such as my employee ID card, which clearly displays my name and position within the company. I would also provide any relevant certifications or degrees that validate my qualifications in the specific area being audited. Additionally, I would offer references or contact information of supervisors or colleagues who can vouch for my work and knowledge.
It is crucial to maintain open communication and build trust with the external auditor. I would address any concerns they may have and be prepared to answer any questions regarding my role, responsibilities, and experience in the relevant field.
Ultimately, my aim would be to demonstrate that I possess the necessary credentials and expertise to fulfill my responsibilities effectively and contribute to a successful audit process.
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