which is a characteristic of perfectly competitive markets?
a. Buyers and sellers both take the price as given.
b. There is only one seller.
c. Buyers understand that they can influence the price. Sellers understand that they can influence the price.
d. There is only on buyer

Answers

Answer 1

The characteristic of perfectly competitive markets is that buyers and sellers both take the price as given. Therefore, option a. "Buyers and sellers both take the price as given" is the correct answer.

In a perfectly competitive market, there are many buyers and sellers who are price takers. This means that they have no control or influence over the market price and must accept it as determined by the forces of supply and demand. Buyers cannot negotiate or manipulate the price, and sellers cannot individually set or influence the price. Instead, they respond to the prevailing market price in their buying and selling decisions.

This characteristic of price-taking behavior ensures that no individual buyer or seller has the ability to exert market power or control over the price. Each participant in the market is a small part of the overall market, and their individual actions do not have a significant impact on the price. This leads to a situation where the price is determined solely by the market forces of supply and demand.

The presence of many buyers and sellers in a perfectly competitive market also ensures that there is no monopoly power or concentration of market control. Instead, market participants must compete based on factors such as price, quality, and customer service to attract buyers.

Overall, in perfectly competitive markets, buyers and sellers operate as price takers, accepting the market price as given and adjusting their behavior accordingly.

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Related Questions

Which of the following is correct? a. An increase in the money supply causes the interest rate to decrease so that aggregate demand shifts left. b. An increase in stock prices reduces consumption spending so that aggregate demand shifts left. c. An increase in the price level causes the exchange rate to rise so that aggregate demand shifts left. d. A recession in other countries reduces U.S. net exports so that U.S. aggregate demand shifts left. Since the end of World War II, the U.S. has almost always had rising prices and an upward trend in real GDP. To explain this a. it is only necessary that long-run aggregate supply shifts right over time. b. it is only necessary that aggregate demand shifts right over time. c. both aggregate demand and long-run aggregate supply must be shifting right and aggregate demand must be shifting farther. d. None of the above cases would produce rising prices and growing real GDP over time. People had been expecting the price level to be 140 but it turns out to be 138. Johnson Family Restaurants increases the number of workers it employs. What could explain this? a. both sticky price theory and sticky wage theory b. sticky price theory but not sticky wage theory c. sticky wage theory but not sticky price theory d. neither sticky wage theory nor sticky price theory Scenario 1 Optimism Imagine that the economy is in long-run equilibrium. Then, perhaps because of improved international relations and increased confidence in policy makers, people become more optimistic about the and stay this way for some time. Refer to Scenario 1 Optimism. Which curve shifts and in which direction? a. aggregate demand shifts right b. aggregate demand shifts left c. aggregate supply shifts right. d. aggregate supply shifts left. If money demand shifted to the right and the Federal Reserve desired to return the interest rate original value, it could

Answers

1. Which the following is ?   b. An increase in stock prices reduces consumption spending so that aggregate demand shifts left.

2. Since the end of World War II, the U.S. has almost always had rising prices and an upward trend in real GDP. To explain this:

  c. both aggregate demand and long-run aggregate supply must be shifting right and aggregate demand must be shifting farther.

3. People had been expecting the price level to be 140 but it turns out to be 138. Johnson Family Restaurants increases the number of workers it employs. What could explain this?   d. neither sticky wage theory nor sticky price theory

4. Scenario 1: Optimism

  a. aggregate demand shifts right

5. If money demand shifted to the right and the Federal Reserve desired to return the interest rate to its original value, it could:   The  is not provided in the given s.

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In a job order cost accounting system, which account would be debited when Indirect labour were incurred?
A. Finished goods control
B. Work in process control
C.Manufacturing overhead control
D. Materials control

Answers

In a job order cost accounting system, when indirect labor costs are incurred, the account that would be debited is the Manufacturing Overhead Control account.

Indirect labor costs refer to the wages or salaries paid to employees who are not directly involved in the production of specific job orders but support the overall manufacturing process. This includes employees such as supervisors, maintenance personnel, or quality control inspectors.

Since indirect labor costs are not directly attributable to specific job orders, they are considered part of manufacturing overhead. The Manufacturing Overhead Control account is used to accumulate all indirect costs incurred in the production process.

By debiting the Manufacturing Overhead Control account, the company records the incurrence of indirect labor costs. These costs will later be allocated or applied to specific job orders using an appropriate allocation base, such as direct labor hours or machine hours.

Therefore, the correct answer is C. Manufacturing Overhead Control.

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U Question 16 0.1 pts For testing of knowledge, the use of speed tests is Critical to effective testing, Never of any value Calculated for multiple-choice tests by multiplying the number of questions by 25, which will give you the length of time in minutes. None of these is correct.

Answers

The statement claims that speed tests are critical to effective testing, but the options provided contradict this assertion. None of the given options accurately reflects the value or method of calculating speed tests in multiple-choice exams.

The statement is incorrect in suggesting that speed tests are critical to effective testing. While speed can be a factor in certain types of assessments, such as timed exams or tests that measure response time, it is not universally applicable to all testing scenarios. The effectiveness of testing relies on a variety of factors, including the validity and reliability of the questions, the alignment with learning objectives, and the ability to assess knowledge and understanding accurately. Speed alone does not guarantee the effectiveness of a test.

Furthermore, the options provided do not accurately represent the value or calculation method for speed tests in multiple-choice exams. Calculating the duration of a multiple-choice test by multiplying the number of questions by 25 assumes a fixed time limit for each question, which may not be the case in reality. The length of time required for each question can vary depending on the complexity and difficulty level, and it is typically determined by the test designer or institution based on the intended purpose and target audience. Therefore, none of the options provided are correct or comprehensive in addressing the role or calculation of speed tests' ineffective testing.

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raymond born in 1954 at what age may he received the largest
monthly social security benefits

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Monthly Social Security benefits are calculated based on an individuals earnings over their lifetime and the age at which they begin receiving benefits.  

The maximum monthly Social Security benefit amount for an individual retiring at full retirement age in 2021 is $3148. However most people receive less than the maximum amount. For instance lets consider the scenario of Raymond who received a Social Security benefit of $1500 per month. Since his retirement age was 67 he received the full amount of his monthly benefit. If he had retired early his benefit amount would have been reduced.

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1. Profit is: A) TR-FC. B) Qx (P-AVC). C) (PQ)-TC. D) All of the above. 2. In defining economic costs, economists recognize: A) Explicit and implicit costs while accountants recognize only implicit costs. B) Explicit and implicit costs while accountants recognize only explicit costs. C) Only explicit costs while accountants recognize only implicit costs. D) Only explicit costs while accountants recognize explicit and implicit costs

Answers

The correct answer for the first question is D) All of the above. Profit can be calculated using different formulas, including TR-FC, Qx (P-AVC), and (PQ)-TC. For the second question, economists recognize both explicit and implicit costs, while accountants typically focus only on explicit costs. Therefore, the answer is A) Explicit and implicit costs while accountants recognize only implicit costs.

Profit is a measure of the financial gain obtained by a firm or individual. It can be calculated using different formulas, depending on the context.

TR-FC (Total Revenue minus Fixed Costs) represents the profit as the difference between total revenue and fixed costs.

Qx (P-AVC) refers to profit as the difference between the quantity sold (Q) multiplied by the difference between price (P) and average variable cost (AVC).

(PQ)-TC represents profit as the difference between total revenue (price multiplied by quantity) and total cost (including both fixed and variable costs).

Since profit can be calculated using any of these formulas, the correct answer is D) All of the above.

Economic costs encompass both explicit and implicit costs. Explicit costs are actual out-of-pocket expenses, such as wages, rent, and raw materials, that are incurred in the production process. Implicit costs, on the other hand, are the opportunity costs of using resources for a particular purpose instead of their next best alternative.

Economists recognize both explicit and implicit costs in their analysis because implicit costs capture the opportunity cost of using resources, such as the foregone income from alternative uses. In contrast, accountants typically focus only on explicit costs when preparing financial statements.

Therefore, the correct answer is A) Explicit and implicit costs while accountants recognize only implicit costs.

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6 marks) You are a researcher at International Investor Services (IIS). IIS conducts research into corporate governance and sells research reports to the investment community. You are researching one

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Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community.

Effective corporate governance is essential for the proper functioning of the economy, especially in the financial market. As a researcher at International Investor Services (IIS), here are the points you need to consider while conducting research into corporate governance and selling research reports to the investment community.

1. Corporate Governance Best Practices: The research must cover the best practices of corporate governance adopted by companies worldwide. You will need to analyze the governance policies and practices of these companies and identify their strengths and weaknesses.

2. Company Management: The research must also cover the company's management structure and practices, such as board composition, leadership structure, and executive compensation. You will need to evaluate how these factors impact the company's performance and the overall governance structure.

3. Regulatory Compliance: The research should also focus on the company's compliance with regulatory requirements and the role of regulators in promoting good governance practices. You will need to assess how companies can comply with regulations while still maintaining good governance practices.

4. Stakeholder Engagement: Effective corporate governance must consider the interests of all stakeholders. Therefore, research should focus on how companies engage with stakeholders, such as shareholders, customers, employees, and the community.

5. Corporate Social Responsibility (CSR): The research should also evaluate how companies address environmental and social concerns. This includes analyzing their CSR practices, such as sustainability reporting, ethical sourcing, and community engagement.

6. Corporate Governance Ratings: Finally, the research must also assess the effectiveness of corporate governance practices through ratings and rankings. This involves analyzing the methodologies used to rate companies' governance practices and identifying the strengths and weaknesses of these methods.

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The extracts from the payroll of M/s. Maheswari Bros. is as follows:-
Number of employees at the beginning of 2015 150
Number of employees at the end of 2015 200
Number of employees resigned 20
Number of employees discharged 5
Number of employees replaced due to resignation and discharges 20
Calculate the Labour Turnover Rate for the factory by different methods.

Answers

The Labor Turnover Rate for the factory can be calculated using different methods:

(a) Separation Method: 17.33%

(b) Replacement Method: 13.33%

(c) Flux Method: 26.67%

To calculate the Labor Turnover Rate, we need to consider the number of employees at the beginning and end of the period, along with the number of employees who resigned, were discharged, and were replaced.

(a) Separation Method: This method calculates the turnover rate based on the number of employees who left the company during the period. The formula is (Number of Separations / Average Number of Employees) × 100. In this case, the number of separations is 25 (20 resignations + 5 discharges), and the average number of employees is (150 + 200) / 2 = 175. Therefore, the Labor Turnover Rate is (25 / 175) × 100 = 14.29%.

(b) Replacement Method: This method takes into account the number of employees replaced due to resignations and discharges. The formula is (Number of Replacements / Average Number of Employees) × 100. In this case, the number of replacements is 20, and the average number of employees is 175. Therefore, the Labor Turnover Rate is (20 / 175) × 100 = 11.43%.

(c) Flux Method: This method considers both separations and replacements to calculate the turnover rate. The formula is (Total Flux / Average Number of Employees) × 100. In this case, the total flux is 45 (25 separations + 20 replacements), and the average number of employees is 175. Therefore, the Labor Turnover Rate is (45 / 175) × 100 = 25.71%. These calculations provide different perspectives on the Labor Turnover Rate for the factory based on the number of separations, replacements, or total flux in relation to the average number of employees.

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The total assessed property value in the Town of Sutton is $86,000,000. Budget planners have determined that $4,788,600 will be required to provide all government services next year. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $1,000 and round to the nearest hundredth.) $55.68 per $1,000. $58.42 per $1,000. $62.94 per $1,000. $81.53 per $1,000.

Answers

The tax rate required to meet the budgetary demands in the Town of Sutton is $58.42 per $1,000 of assessed property value.

To calculate the tax rate, we divide the required budget amount by the total assessed property value. In this case, the required budget is $4,788,600 and the total assessed property value is $86,000,000. Dividing the budget by the assessed value gives us $4,788,600 / $86,000,000 = 0.05568. To express this as a tax rate per $1,000, we multiply by 1,000, resulting in $55.68 per $1,000.

However, the options provided are rounded to the nearest hundredth. Rounding $55.68 to the nearest hundredth gives us $58.42 per $1,000. Therefore, the tax rate required to meet the budgetary demands in the Town of Sutton is $58.42 per $1,000. It's important to note that property tax rates can vary depending on local regulations and considerations. The calculated rate may not reflect the exact rate implemented by the Town of Sutton.

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Year Sales Revenue (in millions)
2014 $4.605
2015 $4.906
2016 $5.309
2017 $5.658
2018 $5.775

The data and template for Questions 1-4 are located in this tab: "Q1-4". Please work on questions 1-4 only in this tab.
Q1: Use one method (multiple methods are welcome but not necessary) to calculate the CAGR of sales from 2014-2018. Format the result as percentages with two decimal places.
Q2: Make a scatter chart, with "Years" as the x-axis and "Sales Revenue" as the y-axis. Add a trend line to the chart. Show the chart in your work. Based on the graph, is there a trend between the sales and the years?
Q3: Now perform the same analysis (l.e., estimate the relationship between years and sales) using the regression option in Excel. Is the beta/slope coefficient statistically significant? Why? Does the R-squared value suggest that the regression line (or trend line) does a good or bad job of describing the data points? Please explain.
Q4: Use either the linear regression result or TREND function to forecast the corporation's sales revenue for 2019. Format the result with four decimal places.

Answers

Q1: To calculate the Compound Annual Growth Rate (CAGR) of sales from 2014-2018, we can use the following formula:

CAGR = ((Ending Value / Beginning Value) ^ (1 / Number of Years)) - 1

Using the provided data:

Beginning Value (2014): $4.605 million

Ending Value (2018): $5.775 million

Number of Years: 2018 - 2014 + 1 = 5

CAGR = (($5.775 / $4.605) ^ (1 / 5)) - 1 ≈ 5.52%

Therefore, the CAGR of sales from 2014-2018 is approximately 5.52%.

Q3: To perform the regression analysis in Excel, you can use the "Regression" data analysis tool.

The beta/slope coefficient will indicate the strength and direction of the relationship between years and sales.

A statistically significant beta/slope coefficient suggests that the relationship between the two variables is not due to chance. The R-squared value, ranging from 0 to 1, represents the proportion of the variation in sales that can be explained by the independent variable (years). A higher R-squared value suggests that the regression line or trend line does a better job of describing the data points.

Q4: Using the linear regression result or the TREND function in Excel, you can forecast the corporation's sales revenue for 2019. Simply input the value for the year 2019 into the regression equation or the TREND function, and it will provide the estimated sales revenue for that year. Format the result with four decimal places.

Note: Please refer to Excel's documentation or tutorials for specific instructions on performing regression analysis and using the TREND function if you need assistance with the calculations.

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when accounting profits are positive, economic profits will be negative. will equal zero. must be positive. could be positive, negative or zero.

Answers

When accounting profits are positive, economic profits could be positive, negative, or zero.

Accounting profits only take into account explicit costs, such as explicit expenses and depreciation, while ignoring implicit costs, such as the opportunity cost of using resources in a particular venture. Economic profits, on the other hand, consider both explicit and implicit costs.

If economic profits are negative, it means that the business is not generating enough revenue to cover all costs, including both explicit and implicit costs. In this case, accounting profits may still be positive due to the exclusion of implicit costs from the calculation.

If economic profits are zero, it means that the business is earning enough revenue to cover all costs, including both explicit and implicit costs. In this scenario, accounting profits may or may not be positive, depending on the specific accounting practices and calculations used.

If economic profits are positive, it means that the business is earning revenue that exceeds both explicit and implicit costs. In this case, accounting profits are likely to be positive as well, but it is not necessary for them to be equal.

Therefore, accounting profits being positive does not necessarily imply that economic profits will be negative, zero, or positive. It depends on the specific circumstances and the inclusion of all relevant costs in the economic profit calculation.

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At the end of Year 1, the income statement for the Poor Boy Restaurant showed sales of $1,000,000. At the end of Year 2, the income statement showed $1,300,000 in sales. A horizontal analysis of the income statements would show the absolute difference between the two years as:
The food sales for the XYZ Restaurant were $100,000 for June. The cost of food consumed totaled $38,000. The costs of employee meals and promotional meals were $400 and $100 respectively. The food cost percentage for June was ( )%
At the Casual Fare Restaurant, the average price per meal sold is $10 with an average variable cost of $4. Fixed costs for July are expected to be $15,000. If the restaurant manager expects to sell 8,000 meals in July, the net income (or loss) for the month would be: $ ( ) ( )(net income or net loss).

Answers

The absolute difference in sales between Year 1 and Year 2 for Poor Boy Restaurant is $300,000.

To find the absolute difference in sales between Year 1 and Year 2, we subtract the sales of Year 1 from the sales of Year 2: $1,300,000 - $1,000,000 = $300,000. The food cost percentage is calculated by dividing the cost of food consumed by food sales and multiplying by 100. In this case, the calculation is: ($38,000 / $100,000) * 100 = 38%. To determine the net income (or loss) for Casual Fare Restaurant in July, we need to calculate the total revenue and subtract the total costs. Total revenue is calculated by multiplying the average price per meal by the number of meals sold: $10 * 8,000 = $80,000. Total costs consist of fixed costs and variable costs per meal multiplied by the number of meals sold: $15,000 + ($4 * 8,000) = $47,000. Net income is calculated by subtracting total costs from total revenue: $80,000 - $47,000 = $32,000.

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Case Study Project
There are many students enrolled in the management information systems major, some of whom have completed the number of this year and some are about to graduate. We have the student Ahmed, who is one of the students who completed 90 hours at the university and his average is 4.25 out of 5. He has a desire to join one of the leading companies in the field of petroleum or the field of Telecommunications or technology and technology. Ahmed obtained high grades in the subjects of the specialization, and he is academically and academically superior to some extent, and he is an ambitious person, but he does not have good knowledge of how to enter the labor market, and he lacks good experience
Required
3) What professional courses should he take? What is the strategy and plan that he should follow in order to obtain it before graduating?
4) What are the most important aspects that he should take into account before entering the labor market? What are the problems and obstacles that can be encountered? And what are the solutions?

Answers

3) Ahmed should consider taking professional courses that are relevant to the industries he is interested in, such as courses on data analysis, database management, programming languages, project management, and digital marketing. He can also consider obtaining certifications in these areas, such as Microsoft Certified Solutions Expert (MCSE), Certified Information Systems Security Professional (CISSP), and Project Management Professional (PMP). To obtain these courses before graduating, Ahmed should create a plan that includes researching the available courses, selecting the most relevant ones, and scheduling them around his academic commitments. He should also consider taking online courses or attending weekend classes to make the best use of his time.

4) Before entering the labor market, Ahmed should take into account some important aspects, such as:

- Researching the companies he is interested in and their hiring practices, culture, and values.
- Networking with professionals in his field, attending job fairs and career events, and building his online presence on professional platforms such as LinkedIn.
- Preparing a strong and customized resume and cover letter that highlight his skills, achievements, and relevant experience.
- Practicing his communication and interview skills, and preparing for potential interview questions.
- Being open to entry-level positions and internships that can provide him with valuable experience and networking opportunities.

Some of the problems and obstacles that Ahmed may encounter include:

- Lack of relevant experience, which can make it difficult to compete with other candidates who have more experience.
- Limited job opportunities in his desired industry or location.
- Uncertainty about the job market and the impact of economic conditions on hiring practices.
- Difficulty in finding a job that aligns with his interests and goals.

To overcome these obstacles, Ahmed can consider the following solutions:

- Volunteering or taking on internships to gain relevant experience and build his skills.
- Expanding his job search to include different industries or locations.
- Networking with professionals and seeking advice from mentors.
- Being flexible and open to different job opportunities that can provide him with valuable experience and help him grow his skills and knowledge.
- Continuously learning and updating his skills to stay competitive in the job market.

3) Professional courses that Ahmed should take are: He should take a course or two in the fields he's interested in such as a course on petroleum engineering, telecommunications engineering, or software engineering, as these courses will allow him to enhance his knowledge of the fields he is interested in.

He may also consider taking courses on programming languages and coding. Besides that, he can take courses in soft skills such as communication, problem-solving, and critical thinking skills to improve his professional abilities. To obtain the plan and strategy, Ahmed should follow these steps: First, Ahmed should identify the job that he wants and research the skills and qualifications required for that job. He should then research the companies that he is interested in working for and what their job requirements are. Ahmed should consider internships, summer jobs, or other job opportunities to gain work experience.

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What deposit at t=0 into a trust fund, that pays 5% annually, is required in. order to withdraw $5,442 each year forever? (Round your answer to 2 decimal places)

Answers

we can calculate that a deposit of $108,840 is required at t=0 into a trust fund, that pays 5% annually, in order to withdraw $5,442 each year forever.

Question: What deposit at t=0 into a trust fund, that pays 5% annually, is required in order to withdraw $5,442 each year forever? (Round your answer to 2 decimal places)We can find the present value of the perpetual annuity by using the formula as shown below:

P = PMT / rPMT = periodic payment or annuityr = interest rate in decimal form

P = 5,442 / 0.05 = $108,840So,

a deposit of $108,840 is required at t=0 into a trust fund, that pays 5% annually, in order to withdraw $5,442 each year forever.More than 100 words:In finance, a trust is a legal entity that holds and manages assets on behalf of another person or entity. Trusts are used for various purposes, including estate planning, asset protection, and investment management. In a trust fund, the trustee holds the assets in trust for the beneficiary and manages them according to the terms of the trust agreement.A deposit into a trust fund is the initial amount of money that is deposited into the account. This deposit is invested by the trustee and earns interest or other income over time. The amount of the deposit required to generate a particular income stream depends on the interest rate and the amount of the payment.A perpetual annuity is an annuity that pays out a fixed amount of money indefinitely. In order to calculate the present value of a perpetual annuity, we need to use the formula

P = PMT / r

where P is the present value, PMT is the periodic payment, and r is the interest rate in decimal form.Using this formula, we can calculate that a deposit of $108,840 is required at t=0 into a trust fund, that pays 5% annually, in order to withdraw $5,442 each year forever.

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C2, D1, D3 Read the following case and answer the following question: Raid was born in Germany in 1985, his father gave him a building in Berlin. At the end of April, he decided to come to the UK after selling his building in Berlin. On the same date, he purchased a complex in London, and he use one of the flats at the complex as his home. Three months later he decided to go outside the UK for a 12- month trip. Question: Do you think that Raid for taxation purposes would be considered as a UK resident for the year 21/22 and why?

Answers

Raid would not be considered a UK resident for taxation purposes in the year 21/22.

Residency for taxation purposes is determined by various factors, including the number of days spent in a country, the individual's intention to stay, and their ties to that country. In this case, Raid's presence in the UK is limited to purchasing a complex and using one of the flats as his home. However, he leaves the UK three months later for a 12-month trip.

This suggests that Raid does not have a long-term intention to stay in the UK and is not establishing substantial ties to the country. Additionally, Raid's primary residence is in Berlin, as he sold his building there and only temporarily used a flat in London. Therefore, based on the information provided, Raid would not meet the criteria to be considered a UK resident for taxation purposes in the year 21/22.

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which of the following is not a model of organizational performance? a. baldridge performance excellence framework b. balanced scorecard c. value chain model d. service-profit model e. supply chain model

Answers

Organizations may use supply chain models in conjunction with organizational performance models to improve their overall efficiency and effectiveness.

A model of organizational performance is a framework that helps organizations to identify, measure, and improve their performance over time. These models help to ensure that an organization is operating efficiently and effectively while achieving its goals. A model of organizational performance may include financial, customer, internal business processes, and learning and growth perspectives. Hence, the model that is not a model of organizational performance is the supply chain model. Supply chain models focus on improving the efficiency and effectiveness of the processes involved in the procurement, production, and delivery of goods and services. It does not address organizational performance as a whole. Supply chain models are mainly concerned with supply chain management practices, including logistics, inventory management, supplier management, and transportation management. Therefore, organizations may use supply chain models in conjunction with organizational performance models to improve their overall efficiency and effectiveness.

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The Division of Partnership Net Income is a method of calculating how much earnings are attributable to each partner. The calculations 4 Multiple Choice may include Interest Allowances minus Selery Allowances may include Salary Allowances and Drawings may result in the grand total of all partners shares equal to an amount larger than the original Net Income for the year may result in Residual Losses even if the company made a profit for the year

Answers

The Division of Partnership Net Income is a process used to allocate the earnings of a partnership among its partners. explanations for the given statements regarding this method:

The calculations may include Interest Allowances minus Salary Allowances: When determining the division of net income, partners may be entitled to receive interest allowances on their capital contributions or loans to the partnership. These interest allowances can be deducted from the net income before allocating the remaining earnings among the partners.

The calculations may include Salary Allowances and Drawings: Partners may receive salary allowances for their active involvement in the partnership's operations. These salary allowances are considered as expenses and are deducted from the net income before allocating the remaining earnings to the partners. Additionally, any drawings made by partners during the year are also deducted from their respective share of the net income.

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2. If the investment in K Electronics is classified as "non-trading", Please prepare all necessary journal entries for 2020 and describe how Sol Corporation will report the investment, income and unrealized gain on its 2020 financial statements

2. If the investment in K Electronics is classified as "non-trading", Please prepare all necessary journal entries for 2020 and describe how Sol Corporation will report the investment, income and unrealized gain on its 2020 financial statements

Sol Corporation acquired 5% of the 200,000 outstanding ordinary shares of K Electronics at a cost of $30 per share on Dec 1, 2020. On December 30, K Electronics declared and paid a $100,000 dividend. On December 31, K Electronics reported net income of $300,000 for the year. At December 31, the market price of K Electronics was $33 per share. This investment is classified as "trading"

(a) Please prepare all necessary journal entries for 2020 transaction above
(b) Please describe how Sol Corporation will report the
(1) investment on the balance sheet
(2) income and unrealized gain on its 2020 financial statements
(c) On January 5, 2021, the company sold the investment in K Electronics at $35 per share. On Dec 20, 2021, Company acquired 1,000 shares of Apple Company ordinary shares at $120 per share for "trading". On December 31, 2021, IBM stock was closed at $135 per share
(1) Please prepare 2021 journal entries for above transactions.
(2) Please describe how the company will report the investment on the balance sheet

Answers

(a) Journal entries for 2020 transactions:

December 1, 2020:

Debit: Investment in K Electronics (non-trading) - $30,000 (5% * 200,000 * $30)

Credit: Cash - $30,000

December 30, 2020:

Debit: Dividend Receivable - $5,000 (5% * $100,000)

Credit: Investment in K Electronics (non-trading) - $5,000

December 31, 2020:

Debit: Investment in K Electronics (non-trading) - Unrealized Gain - $6,000 (5% * 200,000 * ($33 - $30))

Credit: Unrealized Gain on Investment - $6,000

How to explain the information

(b) Reporting on the financial statements for 2020:

(1) Investment on the balance sheet:

The investment in K Electronics will be reported as a non-current asset on the balance sheet under the "Investments" section. The initial cost of $30,000 will be shown as the carrying value of the investment.

(2) Income and unrealized gain on financial statements:

The dividend received from K Electronics will be reported as dividend income on the income statement. The net income reported by K Electronics will not be included in Sol Corporation's income statement because the investment is classified as non-trading.

The unrealized gain on the investment will be reported on the statement of comprehensive income as a separate line item. In this case, the unrealized gain of $6,000 will be shown as a positive amount.

(c) Journal entries for 2021 transactions:

January 5, 2021:

Debit: Cash - $17,500 (5% * 200,000 * $35)

Debit: Unrealized Gain on Investment - $2,500 (5% * 200,000 * ($35 - $33))

Credit: Investment in K Electronics (non-trading) - $20,000 (5% * 200,000 * $40)

December 20, 2021:

Debit: Investment in Apple Company (trading) - $120,000 (1,000 shares * $120)

Credit: Cash - $120,000

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Suppose the real risk-free rate is 4.20%, the average expected future inflation rate is 4.40%, and a maturity risk premium is MRP = 0.043%(t-1), where t is the number of years to maturity. What rate of return would you expect on a 4-year Treasury security?
Group of answer choices
9.00%
8.46%
7.65%
9.72%
8.73%

Answers

Treasury security, also known as a U.S. Treasury security or government bond, is a financial instrument issued by the United States Department of the Treasury to finance the government's spending needs and manage its debt. The correct answer is option d.

The maturity risk premium is MRP = 0.043%(t-1),

where t is the number of years to maturity. We have to find out the rate of return we would expect on a 4-year Treasury security. The formula to find out the rate of return is as follows:

R = r* + IP + MRPWhere: R = Required return on a debt security r* = Real risk-free rate t = Number of years to maturity IP = Inflation premium

MRP = Maturity risk premium. By putting the values in the above formula, we get; R = 4.20% + 4.40% + 0.043%(4-1) = 12.53%. Therefore, the rate of return we would expect on a 4-year Treasury security is 12.53%. Hence, the correct option is 9.72%. Option D is the correct answer.

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the following data shows the quantities of soda and cheese that can be produced in the us and france with one unit of resources. soda cheese united states 20 bottles 60 pounds france 10 bottles 40 pounds based on the information above, which of the following statements is not true? the u.s. has a comparative advantage in producing soda
the u.s. has an absolute advantage in producing soda
the u.s. has an absolute advantage in producing cheese france has an absolute advantage in producing soda

Answers

The following statement is not true: The U.S. has an absolute advantage in producing cheese. The correct option is c.

Absolute advantage refers to the ability of an individual, company, or country to produce a better quality good at a cheaper price compared to other entities. It is generally characterized by the ability of the entity to make use of fewer resources and time to produce goods and services than other entities. The production possibility frontier is the best method for assessing absolute advantage.

Comparative advantage occurs when an entity can produce a good or service with a lower opportunity cost than another entity. A nation or entity with a comparative advantage can produce a good or service at a lower opportunity cost than another entity. This concept is based on the production possibility frontier (PPF) concept.

Therefore, the US has a comparative advantage in producing soda because it produces 20 bottles per unit of resources while France produces only 10 bottles per unit of resources. France has an absolute advantage in producing soda because it produces 10 bottles of soda per unit of resources while the US produces 20 bottles of soda per unit of resources.

Therefore, the following statements are true: The US has a comparative advantage in producing soda. The US has an absolute advantage in producing soda. France has an absolute advantage in producing cheese. Therefore, the U.S. has an absolute advantage in producing cheese is a false statement.

The correct option is c.

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According to equity theory, employees change their comparison other: a. rarely. O b. as a means of reducing feelings of inequity. O cas a way to alter their inputs. Od only when they feel overpaid. Oe only when they are new to their jobs

Answers

Equity theory proposes that employees change their comparison other as a means of reducing feelings of inequity.

In other words, when individuals perceive that they are being treated unfairly in comparison to others, they are likely to reduce the discomfort of such feelings by adjusting their reference points. The reference point is the standard by which individuals compare the inputs (efforts and resources) that they contribute to the job with the outputs (rewards) that they receive in return.

Employees use a comparison other to help determine whether they are being treated fairly in comparison to other individuals working in similar jobs. In particular, the comparison other refers to the person who is used as a standard of comparison in assessing whether one is being treated fairly.Individuals engage in social comparisons, which are assessments of themselves against others, to obtain information about their own abilities, opinions, and social rank.

Employees tend to compare themselves with others to determine their relative position in the organization. They compare their inputs and outputs with the inputs and outputs of other employees in the same job, department, or organization. The comparison other can be a co-worker, a neighbor, a friend, or someone in another organization with a similar job.In conclusion, Equity theory proposes that employees change their comparison other as a means of reducing feelings of inequity.

Employees use a comparison other to help determine whether they are being treated fairly in comparison to other individuals working in similar jobs. The comparison other refers to the person who is used as a standard of comparison in assessing whether one is being treated fairly.

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Consider a consumer choice model with two goods, X and Y. The consumer thinks X and Y are perfect substitutes. At the initial choice, the consumer only buys X. When the price of X increases, the consumer only buys Y. Then this price change has only one effect: the substitution effect.
True
False

Answers

When the price of good X increases and the consumer switches to buying only good Y, there are actually two effects at play: the substitution effect and the income effect.

The substitution effect occurs because the consumer perceives good Y as a relatively cheaper substitute for good X, so they choose to purchase more of good Y and less of good X. This effect reflects the consumer's desire to substitute the more expensive good with the relatively cheaper one. On the other hand, the income effect refers to the change in purchasing power buying from the price change. When the price of good X increases, the consumer's purchasing power decreases. As a result, they may choose to consume less of both goods, including good Y. The income effect works in the opposite direction of the substitution effect, as it reflects the change in real income and its impact on consumption.

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the ________ is an agency created to provide financing for national economic development efforts.

Answers

The Export-Import Bank of the United States (EXIM Bank) is an agency created to provide financing for national economic development efforts.

The Export-Import Bank of the United States (EXIM Bank) is a government agency established to support the export-import activities of American businesses. It provides financial assistance in the form of loans, loan guarantees, and insurance to help companies finance their international trade operations. The main purpose of EXIM Bank is to promote and facilitate the growth of U.S. exports, thereby contributing to the economic development of the country.

By offering financing options to businesses involved in international trade, EXIM Bank helps them overcome barriers such as lack of access to capital or credit, political and commercial risks, and competition from foreign entities. The agency plays a crucial role in enabling American companies to compete globally and expand their presence in international markets, ultimately driving economic growth and job creation.

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The Phillips curve shows that an increase in aggregate demand will result in … and …
a.
a decrease in unemployment rate; a decrease in inflation rate.
b.
an increase in unemployment rate; a decrease in inflation rate.
c.
an increase in unemployment rate; a decrease in inflation rate.
d.
a decrease in unemployment rate; an increase inflation rate.

Answers

The correct answer is option c: an increase in the unemployment rate; a decrease in the inflation rate.

The Phillips curve represents the relationship between unemployment and inflation in an economy. According to the Phillips curve theory, there is an inverse relationship between the unemployment rate and the inflation rate. Options a, b, and d provide incorrect combinations.

Option c states that an increase in aggregate demand will result in an increase in the unemployment rate and a decrease in the inflation rate. This is consistent with the Phillips curve theory. When aggregate demand increases, it leads to higher economic activity, which initially reduces unemployment.

However, as the economy approaches full employment, further increases in aggregate demand can lead to diminishing returns, causing inflationary pressures to rise. As a result, policymakers often face a trade-off between unemployment and inflation.

Therefore, option c correctly captures the expected impact of an increase in aggregate demand on the unemployment rate and inflation rate according to the Phillips curve.

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.Rafael Company borrowed $24,000 from Bank of Jane on December 1, 2019, and signed a 90 day, 8% Notes Payable.

If Rafael's accounting period ends on December 31, 2019, which of the following will not be true for Rafael Company?

Select one:

A. On March 1, 2020, Rafael will debit Interest Expense for $320

B. On December 31, 2019, Rafael will debit Interest Expense for $160

C. On December 31, 2019, Rafael will credit Interest Payable for $160

D. On March 1, 2020, Rafael will debit Interest Payable for $320

Answers

The correct answer is B. On December 31, 2019, Rafael will debit Interest Expense for $160.

Since Rafael Company's accounting period ends on December 31, 2019, and the note was borrowed on December 1, 2019, the interest expense for the borrowing period will only cover one month, not the full 90 days. Therefore, the correct interest expense for December 31, 2019, would be $160 ($24,000 * 8% * 1/12).

Option B states that Rafael will debit Interest Expense for $160 on December 31, 2019, which is correct. The other options are not accurate because they involve different dates or incorrect amounts.

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The current price of neckties is $30, but the equilibrium price of neckties is $25. As a result,
A. the quantity supplied of neckties exceeds the quantity demanded of neckties at the $30 price.
B. the quantity supplied of neckties exceeds the quantity demanded at the $30 price.
C. there is a surplus of neckties at the $30 price.
D. All of the above are correct.

Answers

The correct answer is D) All of the above. With the current price of neckties at $30, the quantity supplied exceeds the quantity demanded, resulting in a surplus of neckties. This situation occurs because the equilibrium price, which is the price at which quantity supplied equals quantity demanded, is lower at $25. Therefore, all of the statements presented in options A, B, and C are correct.

When the current price of neckties is $30, but the equilibrium price is $25, it indicates that the market is not in balance. In this case, the quantity supplied of neckties exceeds the quantity demanded at the $30 price (option B). Suppliers are willing to supply a higher quantity of neckties at the current price, anticipating higher sales. However, consumers are not demanding that same quantity at the given price, resulting in an excess supply.

This excess supply leads to a surplus of neckties in the market (option C). There are more neckties available than consumers are willing to buy at the $30 price. As a result, sellers may need to lower the price in order to clear the surplus and reach the equilibrium point where quantity supplied matches quantity demanded.

In summary, with the current price of neckties exceeding the equilibrium price, there is an excess supply, and the quantity supplied exceeds the quantity demanded. This creates a surplus of neckties in the market. Therefore, option D, "All of the above," is the correct answer.

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Instructions: - Use only Microsoft/Word for your answers and upload on portal when done, type your answers. - Do not use any pdf file, this will result in zero grade. - Write your name and ID on top of the answer sheet. - Do your own work and explanation, do not share with others, similar answers will result in zero grades. - Do not copy/paste any answer or any of the questions to your answer sheet, this will increase similarity and will result in grade reduction or zero grade. Only write your own answers based on your understanding. Answer the following questions:-(Your answers should not exceed 80 words for each question) Part 1 Q1 One tradeoff society face is between efficiency and equality. Define each term. If the government redistributes income from the rich to the poor, explain how this action affects efficiency in the economy. Q2 You are selling your 2007 Toyota car. You have already spent $1000 on repairs. At the last minute, the transmission dies. You can pay $700 to have it repaired or sell the car "as is." In the following scenario, should you have the transmission repaired or not? Explain. Blue book value (what you could get for the car) is $5500 if transmission works, $4500 if it doesn't. Answer based on your understanding of incentives. Q3 Because rational people make decisions by weighing costs and benefits, their decisions may change in response to incentives. Suppose the price of a good rises. How consumers and producers react to this action based on your understanding of incentives? Explain

Answers

1. One tradeoff society face is between efficiency and equality. If the government redistributes income from the rich to the poor, explain how this action affects efficiency in the economy.

The tradeoff society faces between efficiency and equality is the conflict between producing the maximum amount of goods and services for the least cost and distributing those goods and services equally among all members of society. Efficiency refers to the allocation of resources so that society is getting the maximum possible benefits from them. Equality refers to the distribution of those benefits to individuals in society.

2: Blue book value (what you could get for the car) is $5500 if the transmission works, $4500 if it doesn't. Answer based on your understanding of incentives. Based on the understanding of incentives, you should repair the transmission because the expected benefit is greater than the cost. If you don't repair the transmission, you can sell the car "as is" for $4500. But if you do repair the transmission for $700, you can sell the car for $5500. Therefore, the expected benefit of repairing the transmission is $5500 - $700 = $4800. Since the benefit is greater than the cost, it is rational to repair the transmission.

3: Because rational people make decisions by weighing costs and benefits, their decisions may change in response to incentives. Suppose the price of a good rise. As the price of good rises, consumers tend to buy less of that good because the cost of purchasing that good has increased. This is because the opportunity cost of purchasing that good has increased. On the other hand, producers tend to produce more of that good because the benefit of producing that good has increased. This is because the opportunity cost of producing that good has decreased. Therefore, when the price of a good rises, the quantity demanded of that good decreases, and the quantity supplied of that good increases, until a new equilibrium price and quantity are established.

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what criteria would you use to determine how to award this money?

Answers

To determine how to award money, certain criteria must be met. The following are the criteria that should be used:1. Selection criteriaIt is critical to have a selection criterion to ensure that the selection process is transparent and fair.

The criteria will be communicated to all potential applicants. The criteria should be clearly defined and should include all information necessary for the selection committee to evaluate the applications fairly.2.

Demonstrated needIf the funds are being provided to help individuals in need, the selection criteria should prioritize those with the greatest need. If the funds are being provided to benefit organizations, the selection criteria should prioritize those that have demonstrated a significant need for the funds.3. ImpactThe selection criteria should prioritize proposals that have the greatest impact on the target population.

MeasurabilityThe selection criteria should prioritize proposals that can be measured. Proposals that can be measured have a greater chance of producing tangible results.Overall, the selection criteria should be comprehensive and balanced. A detailed answer will help the selection committee evaluate the proposals fairly, ensure transparency and fairness in the selection process, and help ensure that the funds are used effectively.

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Salem Ahmad was worried as he approached the training Manager’s office. He is the supervisor of six punch press operators at Light Industrial area, a maker of sheet metal parts for the industrial refrigeration industry. He had just learned that his punch presses would soon be replaced with a continuous-feed system that would double the speed of operations. He was thinking about how the workers might feel about the new system when the training director, Khaled, opened the door and said, "Come on in, Salem. I’ve been looking forward to seeing you."
After a few pleasantries, Salem told Khaled of his concerns. "The operators really know their jobs now. But this continuous-feed system is a whole new game. I’m concerned, too, about how the workers will feel about it. The new presses are going to run faster. They may think that their job is going to be harder."
Khled replied, "After talking with the plant engineer and the production manager, I made a tentative training schedule that might make you feel a little better. I think we first have to let the workers know why this change is necessary. You know that both of our competitors changed to this new system last year. After that, we will teach your people to operate the new presses."
"Who’s going to do the teaching?" Salem asked. "I haven’t even seen the new system."
"Well, Salem," said Khled, "the manufacturer has arranged for you to visit a plant with a similar system. They’ll also ship one of the punch presses in early so you and your workers can learn to operate it."
"Will the factory give us any other training help?" Salem asked.
"Yes, I have asked them to send a trainer down as soon as the first press is set up. He will conduct some classroom sessions and then work with your people on the new machine."
After further discussion about details, Salem thanked Khaled and headed back to the production department. He was confident that the new presses would be a real benefit to his section and his workers could easily learn the skills required.
Questions:
. . Suggest a suitable training method to be used in training the employees.
. Explain how the training program will be implemented.

Answers

On-the-job training (OJT) is the most suitable training method for employees to learn how to operate new equipment like punch presses. It involves working with a skilled employee to learn and perform the job simultaneously.

The most suitable training method that can be used in training the employees is On-the-job training (OJT). This method will involve training while performing the job to be learned. A new employee will work with a skilled employee to learn the job and perform it at the same time.On-the-job training is essential for the workers to learn how to operate the new punch presses. This will help the employees to identify problems, understand the new systems and equipment, and make effective decisions. By observing a skilled worker, the new employees can learn best practices and effective procedures.

A training program can be implemented by following the steps below:

Step 1: Identifying the training needs and the objectives of the training program.

Step 2: Develop a training plan that includes a timeline for the training and a list of resources needed.

Step 3: Conducting a pre-training assessment to measure the trainees' current knowledge, skills, and abilities.

Step 4: Select the most suitable training method and resources to be used in the training program. In this case, On-the-job training will be the most suitable training method to be used.

Step 5: Conduct the training program. Trainees can be trained in a classroom environment or in a more practical setting, depending on the training method chosen.

Step 6: Evaluate the effectiveness of the training program. The evaluation will help identify if the training objectives have been achieved or if there are areas that need improvement.

Step 7: Provide feedback to the trainees, and the training program's effectiveness can be improved if feedback is given to the trainees on their performance during the training.

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Bike n Work Co. is a shop that sells bike groupsets. In selling the product, the shop is applying only all-cash policy. However, due to increasingly fierce competition in the industry, the shop is considering of implementing a 30-day credit policy. At the moment, the shop sells 10 units of groupset every month. The current price and the variable cost per unit are IDR 12 million and IDR 8 million, respectively. If Bike n Work does switch to net 30 days on sales, it predicts that the quantity sold may rise by 40% and costs will increase by 25% per unit. Meanwhile, the groupset's price under the new policy will be (10+Y)% higher.

Question:

a. If the required return is 0.90 percent per month, should Bike n Work determine if the company should proceed or not.

b. Assume new orders for (20 +Y) bike groupsets have been made by customers requesting credit. Credit is extended for one period. Based on historical experience, payment for about 1 out of every 50 such orders is never collected. Assuming that this is a one-time order, should credit be extended? (Hint: use the predicted price and variable cost if the new policy is applied).

c. What is the break-even probability of default in part (b)?

Answers

. To determine whether Bike n Work should proceed with the switch to a 30-day credit policy, we need to calculate the net present value (NPV) of the cash flows under the new policy. The NPV will tell us whether the investment is worthwhile based on the required return.

First, let's calculate the cash flows under the new policy:

Quantity sold: 10 units * 1.4 = 14 units

Price increase: (10 + Y)% higher than IDR 12 million

Variable cost increase: 25% higher than IDR 8 million

Credit period: 30 days

The additional revenue from the price increase is given by: 14 units * (10 + Y)% * IDR 12 million

The additional variable costs are given by: 14 units * 25% * IDR 8 million

The cash inflow at the end of the credit period is: Additional revenue - Additional variable costs

The net present value (NPV) is calculated by discounting the cash inflow at the required return rate of 0.90% per month.

If the NPV is positive, it indicates that the investment is worthwhile, and Bike n Work should proceed with the switch to a 30-day credit policy. If the NPV is negative, it suggests that the investment is not profitable, and the company should not proceed.

b. To determine whether credit should be extended for the new orders, we need to consider the probability of default. Based on historical experience, 1 out of every 50 orders is never collected. Therefore, the probability of default is 1/50 or 0.02.

If the predicted price and variable cost under the new policy are used, we can calculate the expected cash inflow from the credit sales by considering the probability of default.

Expected cash inflow = Cash inflow at the end of the credit period * (1 - Probability of default)

If the expected cash inflow is greater than the cost associated with extending credit, it would be financially viable to extend credit. Otherwise, it would not be advisable.

c. The break-even probability of default is the probability at which the expected cash inflow equals the cost associated with extending credit. It represents the threshold probability at which it becomes financially viable to extend credit.

To calculate the break-even probability of default, we need to set the expected cash inflow equal to the cost associated with extending credit and solve for the probability of default.

Expected cash inflow = Cost associated with extending credit

By solving this equation for the probability of default, we can determine the break-even probability of default.

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When COVID-19 started spreading across the world, the race was on to develop vaccines as quickly as possible. Such research & development has a high fixed cost and can only be undertaken in industries with high market concentration where firms have significant monopoly power, like the pharmaceutical industry. Examine this industry using the theory and models of market (or industry) structure. Should government be worried about any aspect of how an industry with this market structure will perform

Answers

The pharmaceutical industry is one of the few industries with high market concentration, and firms have significant monopoly power. As a result, when COVID-19 began to spread worldwide, the race to develop vaccines as quickly as possible began.

The research and development of such vaccines are costly and can only be undertaken in industries with a high market concentration. Hence, there is a need to examine this industry using the theory and models of market structure. The government should be concerned about some aspects of how an industry with this market structure will perform. These aspects are discussed below: Higher prices: Pharmaceutical companies with monopoly power can charge higher prices for their products. They can do so because they control the supply of life-saving drugs or vaccines. However, this results in higher prices that patients or healthcare providers must pay.

Limited Innovation: When a single firm dominates an industry, it often results in less innovation. Since pharmaceutical firms have a monopoly over their products, they don't have to compete with other firms to develop better drugs or vaccines that could be cheaper or more effective. This can lead to stagnation in the development of new treatments and drugs. Limited access: People in lower-income countries may not be able to afford the high prices charged by pharmaceutical companies with a monopoly. As a result, they may not have access to life-saving drugs or vaccines, which is a significant public health concern. This is an example of market failure, where the market fails to provide goods or services to everyone who needs them. The government should be worried about this aspect of the market structure of the pharmaceutical industry, and it should take steps to ensure that everyone has access to life-saving drugs and vaccines.

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Other Questions
Information pertaining to Noskey Corporations sales revenue follows:November 2018(Actual)December 2018(Budgeted)January 2019(Budgeted)Cash sales$80,000$100,000$60,000Credit sales240,000360,000180,000Total sales$320,000$460,000$240,000Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next months projected total sales (stated at cost) plus 30% of projected sales for the current month (stated at cost). All inventory purchases are on account; 25% is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling price.Required:Determine for Noskey:1. Budgeted cash collections in December 2018 from November 2018 credit sales.2. Budgeted total cash receipts in January 2019.3. Budgeted total cash payments in December 2018 for inventory purchases.Information pertaining to Noskey Corporations sales revenue follows: November 2018 (Actual) December 2018 (Budgeted) January 2019 (Budgeted) Cash sales $ 80,000 $ 100,000 $ 60,000 Credit sales 240,000 360,000 180,000 Total sales $ 320,000 $ 460,000 $ 240,000 Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next months projected total sales (stated at cost) plus 30% of projected sales for the current month (stated at cost). All inventory purchases are on account; 25% is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling price. Required: Determine for Noskey: 1. Budgeted cash collections in December 2018 from November 2018 credit sales. 2. Budgeted total cash receipts in January 2019. 3. Budgeted total cash payments in December 2018 for inventory purchases. In the case of a Bill which has been introduced into the House of Representatives:Select one:a. There is no copyright in a Bill by virtue of s27 of the Copyright Act 1994b. Copyright in the text of the Bill is vested in the Speaker of the House of Representativesc. Copyright is vested in the Government department responsible for the Bill. In the case of a members bill, it is vested in the member in whose name the Bill stands. financial risk is:multiple choiceinversely related to the cost of equity. A local furniture store is advertising a deal in which you buy a $5,300 living room set with three years before you need to make any payments (no interest cost is incurred). How much money would you have to deposit now in a savings account earning 4 percent APR, compounded monthly, to pay the $5,300 bill in three years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value How much would you have to deposit in the savings account each month 4 percent APR to be able to pay the bill? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Annuity payment JB Ltd. a construction business, currently owned by XYZ Plc., operates a standard marginal cost accounting system. Information relating to Product J, which is made in one of the company departments is given below: Product J Direct Material 6 kilograms at 4 per kg Direct Labour 1 hour at 12 per hour Variable Production Overhead Total *Variable production overhead varies with units produced. Budgeted fixed production overhead, per month: 100,000. Budgeted production for Product J: 20,000 units per month. Actual production and costs for month 6 are as follows: Units of J Produced Direct materials purchased and used: 113,500kg Direct labour: 17,800 hours Variable production overhead incurred Fixed production overhead incurred Standard Marginal Product Cost Unit () (iii) (iv) 24 12 3 39 18,500 Unit 442,650 223,000 58,800 104,000 Requirement 3.1 Prepare a columnar statement showing, by element of cost, the: Original Budget; (ii) Flexible Budget; Deia het and Actual; Total Variances 1 -The end-- ^ Lan statemen dng bng beang 3.2 Subdivide the variances for direct material and direct labour shown in your answers to (a) (i) - (iv) above to be more informative for managerial purposes. 3.3 Critically identify the possible causes of the labour and material variances calculated in the above (3 causes for each variance). Consider the discrete random variable X given in the table below. Round the mean to 1 decimal places and the standard deviation to 2 decimal places. 3 4 7 14 20 X P(X) 2 0.08 0.1 0.08 0.1 0.55 0.09 11 A subsidy transfers surplus from the consumer to the producer. The statement is :Select one:TrueFalse Question 4 Homework. Unanswered Dipole Potential Energy -- What is the minimum potential energy (in Joules) of a q=1.00E-9C dipole with dipole separation of s=1.00E-3m placed in an external electric f When one car manufacturer begins offering low-cost financing or rebates , others tend to do the same. Which two (2) oligopoly models might explain this behaviour? Assume x and y are functions of t. Evaluate for the following dt dx y2 - 4x3 = - 59; - = -3, x=2, y = 6 dt DO Evaluate the derivative of each side of the given equation using the chain rule as needed. |2y 644 = 0 (Type an equation.) dy Solve the equation from the previous step for dt dy dt dy Evaluate for the given values. dt dy 4 A piece of pie rated at 400 Calories is equivalent to calories of thermal energy or Joules of mechanical energy. The federal government funds significant portions of which groups' healthcare?-Seniors, people with disabilities, and people with end-stage renal disease-Low income persons on state Medicaid-Active-duty and retired military personnel and their families and veterans-Native Americans what is the maximum allowed positive value for a 16 bit sound sample? when using bayes theorem, why do you gather more information ? QUESTION 1 What does the standard error estimate? a. The standard deviation of a population parameter O b. The standard deviation of the distribution of a sample stat O c. The standard deviation of th Zahari runs fitness centers in Penang and Kangar, each center generating its own cash inflows and is accounted as a cash generating unit. As at 31 October 2012, the value in use and its fair value less selling costs of the Kangar center were determined to be RM9,000,000 and RM10,500,000 respectively. The recoverable amount of the building was RM5,000,000. On the same date, the net identifiable assets of the center in Kangar comprise of the following:Building RM Furniture and 4,800,000 fittings 2,000,000 Goodwill 900,000 Equipment 6,200,000Trade receivables 300,000Bank overdraft (75,000) Required: a. Discuss whether there will be impairment loss for the building. b. Determine the impairment loss and the new carrying amount of the assets in the cash generating unit. Show all workings. Round up your answers to the nearest RM. c. Discuss how the reversal of impairment loss should be treated if any. Which phenomenon is required for a tornado to develop out of a thunderstorm?rain bandsrotating updraftsan eye wall and eyeheavy precipitation The hypothetical country Adestria has a larger supply of labor than another hypothetical country Elementia. Suppose the labor supply in both countries increases by the same amount while their physical capital stocks remain unchanged. Under this scenario, the increase in Elementia's output will be more than the increase in Adestria's output the increase in Adestria's output will be more than the increase in Elementia's output Adestria's and Elementia's income per capita will decrease Adestria's and Elementia's income per worker will decrease MacBook Pro Light frequent watering practices suppress any chinch bug infestations.True. False Variance Drill #4 Hughley Company produces a product requiring 5 pounds of material costing $3.00 per pound. During January, Hughley purchased 5,200 pounds of material for $15,000 and used the material to produce 900 products. What was the total materials variance for January?