Refer to the diagram. At output level Q: marginal product is falling.
What transpires to the total product when the marginal product falls below zero?The total product is dropping when the marginal product is negative.
If marginal product is higher than average product, which of the following statements is accurate?Average product rises if marginal product is higher than average product. Average product does not change if marginal product is equal to average product.
Multiple-choice question: What happens to marginal product when total product grows at a growing rate?If a company is going to make anything, they wouldn't want to produce it when the marginal product is rising since by hiring more people, their cost per unit of production would go down.
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A structure in which authority and responsibility are held by a group of workers rather than a single manager is called a _____ structure.
A structure in which authority and responsibility are held by a group of workers rather than a single manager is called a flat or team-based structure.
What is authority?Authority is the power to give orders, make decisions, and enforce obedience. It is a form of social control that is typically used by individuals in positions of power, such as managers, politicians, or religious leaders. Authority is based on legitimacy, which is the belief that those exercising power have the right to do so. In most societies, authority is hierarchical, meaning power is assigned from the top down. Authority is also seen as a form of influence, as those in positions of power can influence the decisions and actions of those beneath them. Authority is an important element of social order, as it helps ensure that rules are followed and allows for the peaceful resolution of conflicts.
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which of the following characteristics of competitive markets is necessary for firms to be price takers?
In a competitive market, there are numerous sellers who are free to enter or depart the market.
Every buyer and seller in a competitive market is a price taker because there are several customers and sellers exchanging comparable goods there. Both buyers and sellers must agree on the market price. The sum of a company's sales price and amount sold is its total revenue. The amount of output is inversely correlated with total revenue. Monopolistic competition, sometimes referred to as a competitive market, is present when there are many businesses, each with a limited part of the market and marginally distinct products. Oligopoly is a market structure where a small number of companies collectively hold the majority of the market share.
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which of the following is the productivity of a single firm? industry productivity aggregate productivity company productivity unit productivity
Productivity is an economic metric used to assess how investment and efficiently goods are produced.
An investment is what?An investment is a purchase made in the hope of making a profit or increasing one's capital. The word "appreciation" refers to an increase in value of an asset over time. When someone purchases a product, they do so with the intention of using it to make money in the future rather than using it now.
An investment is the use of some resource today, such as time, money, effort, or an item, with the expectation of a return greater than the initial input.
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The productivity of a single firm is referred to as the company productivity.
A company’s productivity is determined by the amount of output it generates relative to the amount of input used in production. As a result, it can be seen as a representation of how efficiently a firm uses its resources to create products or services that satisfy the needs of its customers, stakeholders, and employees.It is critical to understand that productivity is critical to a company's success. This is why companies are constantly looking for methods to improve their efficiency. A firm's productivity is a crucial factor in determining its profitability, which is essential to its survival and growth in the industry. By optimizing its productivity, a firm may lower its costs, improve its output quality, increase its competitiveness, and improve its reputation with its customers and the industry as a whole.In conclusion, industry productivity, aggregate productivity, and unit productivity are also significant productivity concepts, but they are not the productivity of a single firm. Company productivity, which is the output a firm produces relative to the amount of input it uses in production, is the productivity of a single firm.
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in every financial statement, there exists single and double underlines. choose the statement below that describes what these are for and when to use them.
A single-ruled line denotes an addition or subtraction and double underlines indicate the final totals.
What does a financial report's single ruled line mean?
An income statement's amount columns with single lines ruled across them denote additions of amounts.
A financial statement's sum that is stated in parentheses is an estimate. A subtotal is typically shown by a single underline in accounting.
Why is there a double underline?
A capital letter should be used when a word is doubly underlined. A single line through a letter indicates that it needs to be lowercase. A letter, word, or group of words should be eliminated when the end of a line is curled.
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theo chocolate produces organic, fair trade chocolate and other candies for not only foodies and green consumers, but also anyone who wants a milk chocolate bar. this indicates that theo has a: cost leadership strategy cash cow strategy focus strategy differentiation strategy
In the given case, Theo has a: differentiation strategy. Theo Chocolate is attempting to differentiate itself from the competition. The correct option is D.
A differentiation strategy is based on providing one-of-a-kind and distinctive goods or services to distinguish a business from competitors. Producing fair trade and organic chocolate and candies with an emphasis on foodies and eco-conscious consumers demonstrates that Theo Chocolate has differentiation strategy.
They cater to a broader market by offering milk chocolate bars illustrates their efforts to win over a diverse clientele while maintaining their special selling attributes of organic and fair trade methods. Theo Chocolate distinguishes itself from the competition by offering a unique and socially conscientious product.
Thus, the ideal selection is option D.
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The complete question might be:
theo chocolate produces organic, fair trade chocolate and other candies for not only foodies and green consumers, but also anyone who wants a milk chocolate bar. this indicates that theo has a:
A cost leadership strategy
B cash cow strategy
C focus strategy
D differentiation strategy
when looking at the digital marketing landscape which of the following is not a type of social media platform available to users?
While platforms that enable users to produce graphic elements are a crucial component of effective social media campaigns, they are not social media platforms.
Which of the following is not a form of digital marketing?Only Epic is NOT a social networking site, despite the fact that email, social media, and video are all crucial elements of digital marketing. Print advertising is excluded from digital marketing, though.social media marketing on the web. viral promotion. All of the aforementioned are part of digital marketing activities.The marketing mix does not include a target market. A target market is a group of potential clients to whom a business wishes to market its goods and services.The six different types of social media include social networking, bookmarking, social news, media sharing, microblogging, and online forums, albeit there are many other ways to categorise them.To learn more about elements refer to:
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Practically, most product that reaches the ultimate consumers represented the accumulative effort of multiple organisation, institutions, or individuals.
All of these organisations or individuals are referring to as SUPPLY CHAIN.
To what extent do you agree to the above statement?
I agree that a supply chain, a term used to describe the network of companies, institutions, or people that work together to produce a product, is mostly responsible for it.
What are consumers?Generally, I agree with the statement that most products that reach ultimate consumers are the result of the collective effort of multiple organizations, institutions, or individuals, commonly referred to as a supply chain.
Supply chains can be complex and involve many different stages and participants, including suppliers, manufacturers, logistics providers, and retailers, all working together to bring a product from raw materials to the consumer.
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show the effect on the real interest rate and equilibrium quantity of loanable funds of in the demand for loanable funds and in the supply of loanable funds. draw a demand for loanable funds curve. label it dlf0. draw a supply of loanable funds curve. label it slf0. draw a point at the equilibrium real interest rate and quantity of loanable funds. label it 1. draw a curve that shows in the demand for loanable funds. label it dlf1. draw a curve that shows in the supply of loanable funds. label it slf1. draw a point at the new equilibrium real interest rate and quantity of loanable funds. label it 2.
The increase in the demand for loanable funds, represented by the curve DFL1, leads to an increase in the equilibrium real interest rate, as shown
Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame.When economic forces are in balance, there is said to be an economic equilibrium.
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In order to increase the money supply, the Federal Reserve will take which of the following actions?I. Buy bondsII. Sell bondsIII. Increase interest ratesI and IIII and IIIIII onlyI only
In order to increase the money supply, the Federal Reserve will take Buy bonds option among the following.
Option I is correct.
How much money is there?The total amount of money in circulation—cash, coins, and bank account balances—is referred to as the money supply. A common definition of the money supply is a group of safe assets that households and businesses can use to make payments or hold as short-term investments.
What are the different types of the money supply?The term "money supply" refers to both the amount of money that can be included in an economy and the amount of money that is available to a nation's population. There are two components that make up the money supply: banks' demand deposits and currency. There are two ways the currency is made: coinage and paper money
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hawthorne employees who take on non-required extra roles (e.g., help out coworkers, train the new guy) at work are higher in altruism but lower in productivity than other employees.
The Hawthorne impact is a phenomenon that happens when humans are consciously or unconsciously aware that they are being determined and they exchange their conduct as a result.
The Hawthorne effect can be used to make bigger worker productivity or to enhance worker satisfaction.
Which of the Hawthorne studies determined that employees?Hawthorne effect. The Hawthorne research determined that personnel in the experimental group: have been more productive than different personnel regardless of the degree of lighting.
How Hawthorne impact can be used in cutting-edge workplace?The Hawthorne effect discovered that employees perform higher when they recognize that any individual is watching them. This would not mean that it is a suitable thought to watch their every move so your employees feel they're below regular supervision.
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https://brainly.com/question/5010067#SPJ4when unemployment insurance benefits exceed the wages a worker could earn when employed, the worker will have an incentive to
remain unemployed longer than otherwise. unemployment insurance benefits exceed the wages a worker could earn when employed, the worker will have an incentive.
A high unemployment rate has a wide-ranging impact on the economy. Unemployed people tend to spend less and accumulate more debt, and unemployment may result in increased wages payments from state and federal governments for benefits such as food stamps. Intuitively, when the state of unemployment worsens, people are more willing to work, resulting in an increase in labor supply and a fall in labor price (which is the nominal pay). The unemployment rate is the proportion of jobless persons in the labor force (the labor force is the sum of the employed and unemployed). The unemployment rate is derived by multiplying (Unemployed Labor Force) by 100.a worker could earn when employed, the worker will have an incentive.
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Draiman guitars is offering 110000 shares of stock
If Draiman Guitars is offering 110,000 shares of stock in an IPO by a general cash offer. The net proceeds to the company is: $3,596,800.
How to find the net proceed?Using this formula to determine the net proceed
Net proceeds =Shares of stock × Offer price × (1 - Underwriter spread percent) - Administrative cost
Net proceeds = [110,000 × $39 × (1 − .08)] − $350,000
Net proceeds = [110,000 × $39 × 0.92] − $350,000
Net proceed = $3,946,800 - $350,000
Net proceeds = $3,596,800
Therefore the net proceeds to the company is: $3,596,800.
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The complete question is:
Draiman Guitars is offering 110,000 shares of stock in an IPO by a general cash offer. The offer price is $39 per share and the underwriter's spread is 8 percent. The administrative costs are $350,000. What are the net proceeds to the company?
To move consumers from awareness to interest in the aida model of communication, the message sender must get the receiver of the message toO ThinkO DoO Feel
The AIDA model of communication requires the message sender to make the message recipient feel something in order to convert customers from awareness to interest.
What is AIDA communication model?Before making a purchase, a consumer passes through four stages, which are described by the AIDA model. They are Attention, Interest, Desire, and Action (AIDA).An AIDA model consists of the following steps: Consider how to get consumers' attention as the initial step in any marketing or advertising campaign. Following consumer awareness of the existence of the product or service, the company must endeavor to pique the interest of potential customers.Attention, interest, desire, and action—abbreviated as A.I.D.A.—represent the four organizational parts of a sales letter. The marketing industry has developed the AIDA model as a framework for persuasion. They are awareness, interest, desire, and action. The CAB process is followed by this hierarchy of effects model.Therefore the correct answer is feel .
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A firm will maximize its profits by hiring factors up to the point at which:
a. MR = MC, if the firm is a monopolist, monopolistic competitor, or oligopolist.
b. P = MC, if the firm is a perfect competitor.
c. MRP = MFC, if the firm is a product price taker.
d. VMP = MFC, if the firm is a product price searcher.
e. a and b
A firm will maximize its profits by hiring factors up to the point at which: a MR = MC, if the firm is a monopolist, monopolistic competitor, or oligopolist. and b P = MC, if the firm is a perfect competitor.
In order to maximize profits, a firm will hire factors up to the point where marginal revenue equals marginal cost (MR=MC) if the firm is a monopolist, monopolistic competitor, or oligopolist.In a perfect competition, where firms are price-takers, a firm will maximize its profits by hiring factors up to the point where price equals marginal cost (P = MC).It's important to note that c and d options are not correct because they represent different concepts. MRP stands for marginal revenue product, which is the additional revenue a firm generates from hiring one more unit of a variable input. MFC stands for marginal factor cost, which is the additional cost a firm incurs from hiring one more unit of a variable input. And VMP stands for value of the marginal product, which is the additional revenue generated by the sale of the additional output generated by the last unit of an input.
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for ____ pricing to be effective, there must be sufficient customers willing to buy the product at a high initial price, they should interpret the high price as signifying high quality, and the high price should not attract competition.
For skimming pricing to be effective, there must be sufficient customers willing to buy the product at a high initial price, they should interpret the high price as signifying high quality, and the high price should not attract competition.
There are a number of factors that can affect how effective a company's pricing strategy is. The first and most important factor is how much the company is willing to spend on marketing and advertising.
If the company is not willing to spend a lot of money on marketing, then it is likely that the product will not be as popular as it could be. Secondly, the company must also be able to afford to price its products high. If the company cannot afford to price its products high, then it will likely find it difficult to sell its products.
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in which of the following situations would the supreme court be most likely to utilize the doctrine of selective incorporation? responses when an individual claims that a right protected by the bill of rights is infringed upon by a state when an individual claims that a right protected by the bill of rights is infringed upon by a state when there is a conflict among the branches of the national government when there is a conflict among the branches of the national government when a federal policy shifting oversight authority from a national agency to a state agency is challenged when a federal policy shifting oversight authority from a national agency to a state agency is challenged when a former employee files a wrongful termination claim against a company headquartered in another state
When an individual claims that a right protected by the Bill of rights is infringed upon by a state.
What does individual rights protection entail?
Today's constitutional democracies safeguard the private and individual rights of every person subject to their rule. Freedom of conscience and religion are among these rights. free religious practice freedom from arbitrary or unjustified government intrusions into one's home or place of business.
Who defends people's rights?
The major responsibility for promoting, protecting, upholding, and implementing human rights rests with states, or with the governments they represent through ministers, ambassadors, etc.
They owe this obligation to everyone who is on their territory or who might fall under their jurisdiction, control, or influence.
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According to Porter, when _____ industries invest in advanced factors of production, it can help an industry achieve a global competitive advantage. Multiple choice question. O related and independent O co-dependent and supportingO independent and supporting O related and supporting
D) related and supporting. According to Michael Porter, when related and supporting industries invest in advanced factors of production, it can help an industry achieve a global competitive advantage.
Related industries are those that are directly connected to a particular industry, such as suppliers or distributors. Supporting industries are those that provide the inputs and services that are required for the production of goods and services. Porter argues that when related and supporting industries invest in advanced factors of production, such as technology, skills, and research and development, it can help the industry to achieve a global competitive advantage by lowering costs, improving quality, and increasing efficiency. This can in turn, lead to innovation, productivity gains and cost savings that can be passed on to the customers, making the industry more competitive on a global scale.
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fame distributing company had the following transactions with arlington, inc., during november: nov. 10 fame sold and shipped $8,000 worth of merchandise to arlington inc., terms 2/10, n/30. 12 arlington, inc. paid freight charges on the shipment from fortune company, $450. 14 fame received $850 of merchandise returned by arlington from the november 10 sale. 19 fame received payment in full for the net amount due on the november 10 sale. 24 arlington returned goods that had been billed originally at $700. fortune issued a check for $686. required prepare the necessary journal entries (a) on the books of fame distributing company and (b) on the books of arlington, inc. assume that both companies use the periodic inventory system.
This question is using double-entry bookkeeping, which is a method of accounting that uses two entries to record each transaction.
What is Double-entry bookkeeping?
Double-entry bookkeeping is based on the accounting equation, which states that Assets = Liabilities + Equity.
With each transaction, both sides of the equation must be balanced.
In this question, the transactions are recorded by debiting and crediting the appropriate accounts.
For example, on November 10, Fame Distributing Company sold $8,000 worth of merchandise to Arlington Inc.
To record this transaction, Fame would debit Accounts Receivable for $8,000 and credit Sales for $8,000.
On the books of Arlington, they would debit Accounts Payable for $8,000 and credit Inventory for $8,000.
This ensures that both Assets = Liabilities + Equity.
The main answer given below for A and B
A
Nov. 10 – Accounts Receivable (Dr.), Sales (Cr.) 8,000
Nov. 12 – Freight Expense (Dr.), Cash (Cr.) 450
Nov. 14 – Accounts Receivable (Dr.), Sales Returns and Allowances (Cr.) 850
Nov. 19 – Cash (Dr.), Accounts Receivable (Cr.) 7,150
Nov. 24 – Accounts Receivable (Dr.), Cash (Cr.) 686
B)
Nov. 10 – Accounts Payable (Dr.), Inventory (Cr.) 8,000
Nov. 12 – Cash (Dr.), Freight Expense (Cr.) 450
Nov. 14 – Accounts Payable (Dr.), Sales Returns and Allowances (Cr.) 850
Nov. 19 – Accounts Payable (Dr.), Cash (Cr.) 7,150
Nov. 24 – Cash (Dr.), Inventory (Cr.) 686
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as a consultant to a customer service facility, hans hiroko is conducting a leadership training seminar. he encourages several managers who are present to describe their success as leaders.
Organizational behavior is a term frequently used to define the field.
The subject of research known as organizational behavior (abbreviated as OB) focuses on
How do you define behavior?
Organizational behavior is a term frequently used to define the field.
The subject of research known as organizational behavior (abbreviated as OB) focuses on
How do you define behavior?
Behavior is the way a person behaves.Behavior is a reaction to events that are taking place:
internal - feelings and thoughts
Behavior observation is the simple part. It is far more difficult to comprehend why someone does what they do.
Through the use of body language, facial expressions, gestures, and silence, communication can be used to meet needs, draw attention, elicit feelings or sensations, acquire access to objects or activities, or flee from something.
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An important difference between constructors and methods is that constructors must specify a return type of void. False.
The statement is False. Constructor is used to produce and initialize an Object. The system is used to execute certain statements. A constructor is invoked implicitly by the System.
A system is to be invoked during the program code. However, also it'll come as a system of the class If we add a return type to a constructor. This is how java runtime distinguishes between a normal system and a constructor. The constructor can not have a return type.
It should produce and return new objects. Hence it would give a compendium error. No, the constructor doesn't have any return type in Java. The constructor looks like a system, but it's not. It doesn't have a return type, and its name is the same as the class name. Substantially it's used to express the case variables of a class.
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The equation 50 = 5x -10y indicates a positive relationship between x and y?
An equation is a mathematical statement saying that two amounts or values are the same, for example, 6 x4=12x2.
What is the meaning of the Equation?A mathematical statement known as an equation is made up of two expressions joined together by the equal sign.
The definition of an equation in algebra is a mathematical statement that demonstrates the equality of two mathematical expressions. For instance, the equation 3x + 5 = 14 consists of the two equations 3x + 5 and 14, which are separated by the 'equal' sign.
A formula that expresses the connection between two expressions on each side of a sign. Typically, it has a single variable and an equal sign.
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Cost of goods formula
The formula for cost of goods sold is Opening inventory + Purchases - Closing inventory.
What is cost of goods sold ?The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution.
To calculate cost of goods sold, you add the purchases made in the period, to the opening stock to that period. Then you deduct the closing stock from this sum.
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College student Jeff Barnes sees himself as a rich banker who drives a top of the line BMW. This fantasy is an expression of the ________.
A) ideal self
B) actual self
C) looking-glass self
D) collective self
This fantasy is an outward manifestation of the (A) ideal self is the appropriate choice for this expression.
The ideal self is how a person would like to see himself. The social self is a person's perception of how others perceive him. Ideal social self: How a person wishes to be perceived by others. Ideal social self: How a person wishes to be perceived by others.
What are the four elements of the ideal self?
The concept of self - efficacy has been defined as having elements of one's purpose, personal philosophy and values psychological and community identity, and so on (Boyatzis and Akrivou, 2006).
In this section, we re - evaluate and modify these notions in light of recent discoveries. The term "ideal-self" refers to an each one's future prospects for ideals and objectives.
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Buying stocks with high PE ratios normally reflects which of the following investment styles?A) Growth. B) Value. C) Special situations. D) Turnaround.
A (A) growth-oriented strategy is to invest in shares of companies with high PE ratios. High PE ratios will fetch a higher price from investors seeking growth.
What is the growth investment style?Growth investing is a type of investment strategy that places an emphasis on rising asset prices or values.
This approach is used by growth investors, who place more emphasis on a company's future potential than on its current price.
Investing in stocks with high PE ratios is a growth-oriented strategy. Investors interested in growth will pay more for high PE ratios.
A value investment strategy involves buying low PE companies or stocks that are trading below their true value.
High-risk growth investments like penny stocks, futures and options contracts, foreign currencies, and speculative real estate like undeveloped land are sought after by thrill-seekers and speculators.
For risk-takers with large incomes, there are also oil and gas drilling partnerships and private equity.
Therefore, a (A) growth-oriented strategy is to invest in shares of companies with high PE ratios. High PE ratios will fetch a higher price from investors seeking growth.
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if free cash flow is negative, does that mean the firm's operations has no cash flows available for nvestors?
If a firm's free cash flow is negative, it means that the cash generated from its operations is not sufficient to cover its capital expenditures, and it has to borrow or use existing cash reserves to fund its investments.
In other words, the firm's operations are not generating enough cash to finance its growth and expansion. Negative free cash flow can be a red flag for investors, as it may indicate that the company is struggling to generate profits, or that it is overinvesting in growth projects. However, it is important to note that a negative free cash flow is not necessarily a bad thing, as companies may have to invest heavily in growth or expansion projects in order to generate future profits. Additionally, some companies may also have high levels of debt that they need to pay off, which can also result in negative free cash flow.
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suppose that both the number of buyers and the number of sellers increase. which of the following will occur?
Assume that there are more buyers and sellers than usual. The following will take place:
C. The optimum quantity and price would both rise.
Demand for a commodity rises in direct proportion to the number of customers in a market. The optimum price of the product would rise as a result. Additionally, customers may be more likely to buy now if they anticipate that the product's price will grow in the future, which raises the amount requested. The demand curve is shifted to the right as a result, raising the equilibrium price as well as the equilibrium quantity.
The complete question is:
Suppose that the number of buyers in a market increases and expectations of the price of the good indicate that its price will rise in the future. What would we expect to happen in the market?
A. the equilibrium price would increase but the impact on the amount sold in the market would be ambiguous
B. the equilibrium price would decrease but the impact on the amount sold in the market would be ambiguous
C. both equilibrium price and equilibrium quantity would increase
D. equilibrium quantity would increase but the impact on equilibrium price would be ambiguous
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when a fast-food chain responds to environmental concerns by eliminating styrofoam containers, it shows a desire to be a
When a fast-food chain responds to environmental concerns by eliminating Styrofoam containers, it shows a desire to be a Free enterprise
Option C is correct.
What Is Free Business?An economy in which prices, goods, and services are decided by the market rather than the government is referred to as free enterprise or the free market. The government has no control over services and businesses.
How significant is free enterprise?People are able to do what they are good at and trade for other things thanks to free enterprise. Free enterprise thrives on competition, which drives down costs for customers and improves efficiency. A higher standard of living is achieved in nations that adhere to the principles of the free market.
Question incomplete:When a fast-food chain responds to environmental concerns by eliminating Styrofoam containers, it shows a desire to be a ______.
a. resource manager
b. free enterprise producer
c. good corporate citizen
d. consumer advocate
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The management of a company uses an impartial third party to resolve a dispute it has with some of its employees.Which of the following does this scenario describe?ArbitrationGrievanceMediationBargaining
In mediation the parties (employer, union, or other employee representative) to a labor-management dispute to assist them in reaching a resolution to the disputed issue(s).
Both mediation and arbitration entail the use of a third party to settle a disagreement (often about the interpretation or application of a written contract). However, the process by which a decision is found in arbitration and mediation is very different.
A neutral third party is chosen by the parties (employer, union, or other employee representative) to a labor-management dispute to assist them in reaching a resolution to the disputed issue(s). The mediator's job is to help the parties come to an agreement they can both abide by by listening to their respective points of view and points of interest. If necessary, the mediator will also offer solutions for resolving the conflict. Laws at the state or federal level may require mediation or may make it voluntary.The mediator cannot compel the parties to reach an agreement or impose what they believe to be a fair resolution on them. The parties are not required to follow any recommendations he or she makes regarding the "optimal" way to resolve the conflict.
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the edward city council approved and adopted the budget for its general fund for the fiscal year beginning on january 1, year 2. the budget contained the following amounts: estimated revenues $4,900,000 appropriations 4,780,000 on november 1, year 1, edward city levied property taxes of $4,150,000 for the fiscal year beginning january 1, year 2. it estimated that $25,000 will be uncollectible. any payment of property taxes received during the discount period receives a 20% discount. during the discount period between the levy (october 15, year 1) and the date (december 1, year 1) that the levy became a legally enforceable claim, the city received $120,000 from property owners. for each date below, select from the list provided the general fund accounts debited and credited for the journal entries for this property tax levy. to prepare each required journal entry:
Property Tax Receivable: $120,000
Cash: $96,000
Discount on Property Taxes: $24,000
Property Tax Revenue: $120,000 are the final answers and journal entries specifed below.
debit: Property Taxes Receivablecredit: Property Taxes Receivable
date: October 15, Year 1
debit: Property Taxes Receivablecredit: Revenue from Property Taxes
date: December 1, Year 1
debit: Revenue from Property Taxescredit: Property Taxes Receivable
date: December 1, Year 1
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Refer to Scenario 16-4. In 1971, Congress passed a law that/banned cigarette advertising on television. If cigarette companies are profit maximizers, it is likely that a. neither company opposed the ban on advertising b . Brown Inc. gued the federal government on grounds that the ban constitutes a civil rights violation c. both companies sued the federal government on grounds that the ban constitutes a civil rights violation. d. both companies retaliated with black-market operations
In 1971, the Public Health Cigarette Smoking Act made it illegal for tobacco companies to advertise cigarettes on television and radio.
If cigarette companies are profit maximizers?
The cigarette industry is an oligopoly that is dominated by a handful of players in domestic and international markets.Cigarettes are produced and sold at the lowest possible average cost in the long run in a perfectly competitive market. The term "allocative efficiency" refers to the social preference for a certain place on the production potential frontier.First, there are relatively few firms. Currently, there are only five significant firms and three (Philip Morris, R.J. Reynolds, and Brown & Williamson) account for about 90 percent of the market. Second, overall demand by adults for cigarettes is relatively insensitive to changes in price.A good that is over-provided by the market and as a result becomes over-consumed by consumers. Tobacco, alcohol and fast food are all examples of this type of good.To learn more about law refers to:
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