In the lower of cost or market rule, "market" refers to the item's current market value, which is the amount it would cost to replace the item. It cannot be higher than the price of the item.
This is because the market value is based on the current price of the item and the cost of the item is the amount that was spent to buy it. So if the item cost more than the market value when it was purchased, then the market value would not be more than the cost. For example, if an item was purchased for $50 and the current market value is only $40, then the lower of cost or market rule would require the item to be reported at $40 instead of the higher cost of $50.
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What are the 4 factors of demand?
The four components of demand are the product's price, the consumer's income, the cost of related goods, and the tastes and preferences of the consumer.
Demand in economics refers to a consumer's desire to buy products and services as well as their readiness to pay a given price for them. The quantity demanded of an item or service typically decreases as its price rises. The amount demanded will rise in response to a decrease in the cost of a commodity or service.
Because it makes sense and organically happens throughout nearly any day, demand is a concept that both consumers and businesses are highly familiar with. For instance, customers who are keeping an eye on certain items may purchase more of them when the prices are low. Shoppers purchase fewer items or sometimes none at all when anything occurs that increases the price, such as a change in season.
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The cost of similar goods, the consumer's income, the product pricing, and the consumer's likes and preferences make up the four factors that influence demand.
What exactly does "demand" mean?Economics uses the term "demand" to describe a consumer's willingness and desire to purchase goods and services at a specific price. Usually, when an item or service's price grows, so does the amount requested for it. When the price of a good or service drops, demand will increase in response. Demand is a term that both customers and businesses are quite familiar with because it makes sense and naturally happens throughout practically any day.
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Refer to Figure 4-8. As a result of the tax, is there a loss in consumer surplus?
A) No, because the market reaches a new equilibrium
B) Yes, because consumers pay a price above the economically efficient price.
C) No, because the producer pays the tax.
D) No, because consumers are charged a lower price to cover their tax burden.
Option B is Correct, Customers bear the majority of the cost of a product's tax when supply is less elastic than demand. Let's say the government decides to charge apparel retailers an 8 percent sales tax.
A tax known as a sales tax is a charge made to the government whenever certain products and services are sold. Legally, the seller is usually able to add the tax to the price at the moment of purchase. When customers pay taxes on goods and services directly to a governing body, they are generally referring to them as usage taxes. A tax known as a sales tax is a charge made to the government whenever certain products and services are sold. Legally, the seller is usually able to add the tax to the price at the moment of purchase. Use taxes are often used to refer to taxes on goods and services that are paid directly to a governing body by consumers.
Refer to Figure 4-8. As a result of the tax, is there a loss in consumer surplus?
A) No, because the market reaches a new equilibrium
B) Yes, because consumers pay a price above the economically efficient price.
C) No, because the producer pays the tax.
D) No, because consumers are charged a lower price to cover their tax burden.
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voluntary exchange between buyers and sellers generates ________ in a market economy.
Voluntary exchange between buyers and sellers generates equilibrium in a market economy.
A market economy is an economic system in which economic decisions are based on the interactions between supply and demand in a given market. This type of system relies on the law of supply and demand, meaning that the prices of goods and services are determined by what buyers and sellers are willing to accept.
This type of system allows individuals to be autonomous, since decisions about production and consumption are left to the individual. A market economy is the primary type of economic system in the world today, and has enabled many countries to reach economic success.
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The control features of a bank account do not include O having bank auditors verify the correctness of the bank balance per books. O safeguarding cash by using a bank as a depository. O minimizing the amount of cash that must be kept on hand. O providing a double record of all bank transactions.
The control features of a bank account do not include all of the above.
What is bank account?The advantages of having a checking account are numerous. One of the most common is the ability to use a debit card, which is useful if you don't want to carry cash around with you when you make purchases. If you have an account, you can also write checks. This may not seem important, but you'd be surprised at how frequently you'll be asked to use or provide a check, such as when paying rent. Although some people choose to use credit cards to pay for daily expenses, if you don't pay off your balance or make payments on time, you run the risk of being charged fees and interest.To learn more about interest refer to:
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Loan amortization is based upon
Option A: present value of an annuity.
Option B: future value of an annuity.
Option C: future value.
Option D: present value.
Option (A), Loan amortization is computed by dividing the loan amount (plus interest) into a certain number of equal installments over a predetermined period of time. As a result, it runs on the principle of an annuity's present value.
The definition of debt amortizationA progressive change in your loan payments is referred to as "amortization." You'll continue to pay the same amount each month. However, the cost of interest does progressively decrease from month to month. This happens because your loan balance, not your monthly payment, determines interest rates, not the other way around.
How is the loan's amortization determined?It is common practice to calculate this by multiplying the outstanding loan balance by the interest rate in effect at the time. This interest rate could be calculated as 1/12 of the interest rate times the starting debt, for instance, if a payment is required each month.
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You represent a decision in a flowchart by drawing a decision symbol, which is shaped like a ____.
a. parallelogram
b. square
c. diamond
d. circle
The correct response is c. diamond. In a flowchart, a decision is represented by a decision symbol that looks like a diamond.
The atoms of diamond are grouped in a crystal structure known as diamond cubic, and it is a solid form of the element carbon. The chemically stable form of carbon at room temperature and pressure is another solid form of carbon known as graphite, however diamond is metastable and converts to it at a very slow rate under those conditions. Because of its superior hardness and thermal conductivity compared to other natural materials, diamond is frequently employed in high-tech industrial products like cutting and polishing equipment. Additionally, they allow materials to be subjected to the intense pressures found deep inside the Earth in diamond anvil cells. Few sorts of impurities can contaminate diamond due to the exceedingly rigid atom arrangement in it (two exceptions are boron and nitrogen). About one per million of the lattice atoms in a diamond has a flaw or impurity that is either blue (from boron), yellow (from nitrogen), brown (from defects), green (from radiation exposure), purple, pink, orange, or red. The optical dispersion and refractive index of diamond are also quite high.
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The classification and normal balance of the dividends account is O a liability with a credit balance O an expense with a credit balance O stockholders' equity with a debit balance O an expense with a debit balance
The classification and normal balance of the dividends account is stockholders' equity with a debit balance.
The normal balance is the projected balance that each account type holds, and it is the increasing side. Their normal balance is a debit as assets and expenses accumulate on the debit side.
Dividend payments to shareholders have a normal balance, which is a negative entry. Because obligations, equity (including such common stock), and revenues all rise in value when there is a credit, their "normal" balance is a credit.
When a corporation distributes cash dividends to its shareholders, the total amount of all dividends received is deducted from the stockholders' equity; however, the effect of dividends varies based on the type of dividends issued.
Hence, the classification and normal balance of the dividends account is stockholders' equity with a debit balance.
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if an owner spends all of his/her cash on a down payment of an investment property, and does not have any additional cash during the operations of the property, he/she is considered what...?
if an owner spends all of his/her cash on a down payment of an investment property, and does not have any additional cash during the operations of the property, he/she is considered what. illiquid
Property[1] is a set of rights that confers legal authority over things while also referring to the rights holders' ownership of those things. Depending on the kind of property, an owner may be able to use it as intended by the property rights granted to them, alter it, share it with others, redefine it, rent it, pawn it, sell it, exchange it for another piece of property, give it away, or destroy it[2]. However, a property owner may have the authority to forbid others from doing any of these actions, regardless of the type of property.In economics and political economy, there are three main categories of property: private property, public property, and communal property (also called cooperative property).Property that is jointly owned by several persons may be
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Who is responsible for making US foreign policy ?
The President of the United States has the authority to make foreign policy pursuant to Article Two of the United States Constitution, including the authority to direct the armed forces, negotiate treaties, and designate ambassadors.
According to the Department of State's Foreign Policy Agenda, the official objectives of American foreign policy, including those of all its bureaus and offices, are to "create and sustain a more democratic, secure, and prosperous world for the benefit of the American people and the international community." "Export controls, including nonproliferation of nuclear technology and nuclear hardware; measures to foster commercial interaction with foreign countries and to safeguard American business abroad; international commodity agreements; international education; protection of American citizens abroad; and expulsion," the United States House Committee on Foreign Affairs states as some of its jurisdictional goals. Both domestically and internationally, there has been considerable discussion, praise, and criticism of American foreign policy and foreign aid.
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investment spending by the business sector must be ___________ billion.
Investment spending by the business sector must be $500 billion.
Spending on investments can involve the acquisition of equipment, real estate, supplies used in production, as well as infrastructure. Investing spending is distinct from investment, which is the acquisition of financial assets like derivatives, stocks, as well as bonds. also known as capital creation.
Investment in a company. Investments made by businesses in the production of consumer goods are included. But not all purchases are included. A purchase would be not included in GDP if it merely replaces an existing good. For acquisitions to be considered, they must be used to produce new consumer goods.
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A dairy buys $50,000 worth of milk and spend $5,000 on cartons and utilities. It sells the cartons of milk to a grocery store for $60,000 that then sells all of the cartons to consumers for $65,000. How much do these actions add to GDP
The actions add $15,000 to the GDP. The dairy’s purchase of milk adds $50,000 to the GDP, as it represents an increase in the value of the economy.
Similarly, the purchase of cartons and utilities adds another $5,000 to the GDP. The sale of cartons to the grocery store adds $60,000 to the GDP. This is the amount the grocery store pays for them, meaning it is a new addition to the economy.
Lastly, when the grocery store sells cartons of milk to consumers for $65,000, this adds another $5,000 to GDP. This is the difference between the amount the grocery store paid for the milk and the amount it sold it for, indicating that it also added value to the economy. All in all, these actions add $15,000 to the GDP.
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How do you reach out to prospects?
Ways to Reach Out to a Prospect for the First Time are Emailing your prospects first ensures an obligation-free start to the conversation, Giving them a Call, Social Media Outreach, Forget Cold Outreach and More Conversation, Less Selling.
What attributes define a prospect?A potential customer who has been qualified as meeting specific requirements is known as a prospect. Prospects suit your target market, are able to purchase your goods or services, and have the power to do so. A prospect has been evaluated to meet the established criteria, as contrast to a lead, which is an unqualified contact.
What do prospects serve as?The first step in the sales process is prospecting, which entails locating potential clients, also known as prospects. The aim of prospecting is to create a database of potential consumers, then communicate with them in a methodical manner in the hopes of turning them from potential customers to present customers.
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Which of the following statements is true of supply chain management?
O It reflects a completely employee-driven management philosophy.
O It enables supply chain managers to focus on pushing products down the marketing channels to consumers.
O It enables supply chain managers to respond quickly to sudden changes in supply or demand.
Supply chain management enables the supply chain managers to make quick responses to the sheer changes in the demand or supply of a product within the market is the statement that holds true to the concept. Therefore, the option C is correct.
The concept of supply chain management can be ideally interpreted as the practice of effective management of the distribution and availability of the products in the market. The concept of supply chain management was popularized by Henry Ford, after he introduced the system in his production unit.
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Cliff (w-2 wages: $16,228) and deb (w-2 wages: $2,600) send their daughter julia (born 10-1-2010) to daycare while they both worked. They paid $200 per month for daycare. They are filing mfj. They can claim the credit for child and dependent care expenses.
Since Cliff (W2 wages: $16,228) and Deb (W2 wages: $2,600) send their daughter Julia (born 10-1-2006) to daycare while they both worked. They paid $200 per month for daycare. They are filing MFJ. They can claim the credit for child and dependent care expenses is true.
Their eligible amount of work-related daycare expenses is option a. $1,800
What is the wages about?Cliff and Deb can claim the credit for child and dependent care expenses as they both worked and paid for daycare for their daughter Julia while they were working.
In order to be eligible for the credit for child and dependent care expenses, the expenses must have been incurred for the care of a qualifying individual, and the care must have been provided in order for the taxpayer to be able to work or look for work.
Additionally, the child must have been under the age of 13 when the care was provided. Julia being born on 10-1-2006 means she was under 13 when the care was provided. The credit can be taken as a percentage of the expenses they paid, up to a maximum amount based on their income.
The eligible amount of work-related daycare expenses for Cliff and Deb would be $1,800. As they file jointly, their combined W2 wages are $16,228 + $2,600 = $18,828.
That combined with $200 per month for daycare the maximum amount of the credit they can claim is limited to $1,800 which is usually lower than the total cost of the daycare. Note that these amounts can vary depending on the laws and regulations of each state, so it's best to check for the most recent information.
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See full question below
Cliff (W2 wages: $16,228) and Deb (W2 wages: $2,600) send their daughter Julia (born 10-1-2006) to daycare while they both worked. They paid $200 per month for daycare. They are filing MFJ. They can claim the credit for child and dependent care expenses.
True or False
Marthyda Ebireri
Cliff (W2 wages: $16,228) and Deb (W2 wages: $2,600) send their daughter Julia (born 10-1-2006) to daycare while they both worked. They paid $200 per month for daycare. They are filing MFJ. They can claim the credit for child and dependent care expenses. What is their eligible amount of work-related daycare expenses?
Choose one answer.
a. $0 b. $1,800 c. $2,400 d. $2,600 e. None of these
The money supply in muckland is $100 billion. nominal gdp is $800 billion and real gdp is $200 billion. what are the price level and velocity in muckland?
Which are key components of an RPA strategy?
a. Educating, knowledge sharing, technology decisions.
b. Timelines, scaling, change management.
c. Platform selection, getting started, business case.
d. business case, change management, obtaining commitment.
Educating, knowledge sharing, technology decisions are the elements that are identified as the key components of an RPA strategy. Therefore, the option A holds true.
The RPA strategy of the firm can be referred to or considered as the strategy that helps in building a strong foundation that leads into generation of better outcomes for the firm with an intention of maximizing its revenues. Knowledge-based education and the technological decisions are among the key elements of such organizational strategies.
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other things equal, when the supply of workers is low, one would predict that market wages would be
other things equal, when the supply of workers is low, one would predict that market wages would be the supply of labor is low.
The amount of work sought will decrease, and the demand curve will shift upward. If salaries and wages decline, employers are more likely to expand their workforce. The demand curve will slope downward as the quantity of labor needed increases.
The supply of labor curve's key relationship is the barter between work and leisure. More people opt to work as a result of higher earnings, which increases the possible losses of leisure. The substitutability effect of rising wages causes labor supply to rise while the income effect of rising wages causes it to fall.
Most economics textbooks taught that salaries were influenced by demand and supply just like any other price. Due to the fact that employees provide it and companies.
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According to Keynesian economics, economic downturns are caused by: a)price stability. b)excess spending. c)self-regulating economies. d)inadequate spending.
The correct answer is D. According to Keynesian economics, economic downturns occur due to inadequate spending which leads to a decline in demand.
Keynesian economics is the numerous macroeconomic theories and models of the way mixture call for (overall spending inside the economic system) strongly impacts financial output and inflation. within the Keynesian view, mixture demand does now not always identical to the productive capacity of the economy. as a substitute, it is encouraged through a host of things – sometimes behaving unevenly – affecting production, employment, and inflation.
Keynesian economists generally argue that combination demand is risky and that, consequently, a market financial system regularly stories inefficient macroeconomic outcomes – a recession, when the call for is low, or inflation, while the call for is excessive. in addition, they argue that those monetary fluctuations may be mitigated by way of monetary coverage responses coordinated between government and important bank.
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How do I disable firewall protection?
Turn Microsoft Defender on or off: Select Start, and then open Settings. Select a network profile: domain network, private network, or public network. Enable the setting in Microsoft Defender Firewall.
The required details for Windows Firewall in given paragraph
Disable parameters Windows Firewall (official name Microsoft Defender Firewall in Windows 10 version 2004 and later) is a component of Microsoft Windows Firewall. It was first included in Windows XP SP2 and Windows Server 2003 SP1. Before the release of Windows XP Service Pack 2, it was known as "Internet Connection Firewall". When Windows XP originally shipped in October 2001, it included a limited firewall called "Internet Connection Firewall ". It has been disabled by default due to backward compatibility issues and the setup screens have been hidden in the network setup screens that many users never see.
Consequently, it was rarely used. In mid-2003, the Blaster worm attacked a large number of Windows computers by exploiting vulnerabilities in the Windows RPC service. A few months later, the Sasser worm did something similar.
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Which method(s) may be used to record a loss due to a price decline in the value of inventory? A) The cost-of-goods-sold method. B) The sales method. C) The loss method. D) Both the cost-of-goods-sold method and the loss method.
Both cost of goods sold method and the loss method is used to record a loss due to a price decline in the value of inventory.
Sometimes there is a price decline in products, and it's something you should take seriously. It's important to understand the underlying factors causing the price decrease, including shifts in customer demand, competitive pricing, and market trends.
We are actively working to make sure our prices remain competitive, while still ensuring that our products meet the highest standards of quality. Going forward, we are committed to being transparent about our pricing policies, as well as responding quickly and appropriately to changing market conditions.
Hence, the correct option is "D".
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What is the goal of data analysis and what is it called?
Data analytics may be used to describe, forecast, or enhance organizational performance. They accomplish this by describing, predicting, and resolving current and future problems utilising advanced data management techniques like data modelling, data mining, data transformation, etc.
What exactly is data analytics?Making sense of data is made possible by data analytics for both people and corporations. To find trends and insights, data analysts often examine raw data.To aid businesses in making decisions and succeeding, they employ a variety of tools and methods.What are the goals for data analysis?The main objective of data analytics is to find patterns and solve problems in data using statistical analysis and technology. Data analytics, which has gained importance, enables enterprise-wide analysis and structuring of business processes as well as better financial outcomes and decision-making.To know more about Data analytics, visit:
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the interest rate that investors demand to earn for loaning their money is known as the ________.
The interest rate that investors demand to earn for loaning their money is known as the effective interest rate.
As an investor, it is important to understand the effects of interest rate changes on the stock market. When interest rates increase, it becomes more expensive for companies to borrow money and less attractive for individuals to invest.
As a result, this can lead to decreased consumer spending and corporate investment, and can eventually lead to lower stock prices. On the other hand, when interest rates are low, companies are more likely to invest and consumers have more disposable income, leading to increased stock prices.
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Judy asked if she could create a new way of helping customers find the products they wanted. this shows ______. a. self-management b. willingness to follow directions c. cooperativeness d. initiative
initiative
Making it simpler for small firms to create and sell new, creative items in this era of globalization is crucial for America's
What has to be done for your boss's performance to be better?Give timely and helpful feedback.
To speed up the resolution of performance issues, take proactive measures.
Describe the accomplishments of the organization and its personnel.
Be clear about your expectations.
When evaluating someone's performance, be impartial and reasonable.
What makes a manager different from a supervisor?Managers put a lot of effort into figuring out "what" their unit does (i.e., its purpose, function, and roles), and they execute it in a way that advances the organization's bigger objectives. The day-to-day activities of "how" to implement management decisions in their unit are what supervisors are most concerned with.
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What information appears on a W-2 form choose all correct answers?
The income you received from your employer and the total amount of taxes are both detailed on your W-2 tax form.
What is Form W-2?Employers must use Form W-2 to provide information to the IRS on employee wages and salaries. Your W-2 also contains crucial information regarding the sum of federal, state, and other taxes deducted from your pay as well as other employer-provided benefits including health insurance, adoption and dependent care aid, contributions to health savings accounts, and more. When completing your tax return as an employee, the data on your W-2 is crucial.A W-2 should typically arrive from your company close to the start of the next year if you were an employee during a specific year.The IRS mandates that your employer provide you a W-2 by January 31st after the close to ensure that you receive it in time.To learn more about W-2 form refer to:
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Are savings bonds tax free?
Tax-free bonds are exempt from taxes on both the principle and interest earned, whereas tax-saving bonds only exempt the principal balance.
The meaning of exempt is?The Latin phrase exempts, which means "to remove or take out" or "to liberate," is the ancestor of the adjective exempt. Therefore, if you are exempted, you are not subject to a duty that others must carry out, including such paying income tax.
Exempt: Is that a yes or a no?You are not liable for taxes if you are tax-exempt. You are exempt from paying the same tax that everyone else does. When you don't match the criteria for paying any tax, you are called tax-exempt.
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In which way can a person's individual choice to recycle plastic products positively affect the environment for all?
The local recycling company earns higher revenue.
Less potentially toxic waste ends up in landfills.
More companies explore using recyclable packaging.
The waste management company lays off many workers.
Answer:
The way in which a person's individual choice to recycle plastic products can positively affect the environment for all is: Less potentially toxic waste ends up in landfills.
Explanation:
When plastic products are recycled, they are processed and made into new products, rather than being disposed of in landfills. This can help to reduce the amount of plastic waste that ends up in landfills, which can have negative environmental impacts. Landfills can release methane, a potent greenhouse gas, into the atmosphere, and they can also contaminate soil and water resources. By recycling plastic, we can help to reduce the environmental impacts of waste disposal and protect natural resources.
While the other options you have provided may be true in some cases, they are not direct ways in which recycling plastic can positively affect the environment for all.
What to do after buying a new router?
Find the Best Position. Antennas can be repositioned. Both the password and the SSID should be router changed. Reinstall the firmware. Create a Wi-Fi password.
A router is a device that provides Wi-Fi and is frequently connected to a modem. It transmits data from the internet to portable electronics including laptops, smartphones, and tablets. Your home's Local Area Network is made up of these internet-connected gadgets (LAN). To forward the internet connection to all of the connected devices, a router is used. A WiFi combines the networking capabilities of a wireless access point and a router. Features. In most cases, the primary system on a chip of wireless routers includes one or more network interface controllers supporting Fast Ethernet or Gigabit Ethernet ports (SoC).
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while switching routers. Locate the Ideal Position. Antennas can be adjusted. Password and SSID should be changed. Refresh the firmware. Configure a Wi-Fi password. Switch off remote access. Select the appropriate network mode and channel. Activate the parental controls.
Instead, you can utilize your own router for a number of good reasons, including: A new router might offer a better and more stable connection. Simply said, you can replace the router given by your ISP with one of your own using your own equipment. There are many various devices available to replace your subpar ISP routers, so you should really search around to get the one that best matches your needs as a user. An actual or virtual device known as a router is used to transmit data between two or more packet-switched computer networks. A router examines the destination Internet Protocol address of a given data packet, determines the optimal path for it to take to its destination, and then forwards it in accordance with that decision.
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Currently, the approach to antitrust regulation involvesO market concentration ratio. O defining a market and counting up total sales. O HHI and concentration ratio. O detailed analysis of specific markets and companies.
Currently, the method used to regulate antitrust involves a thorough examination of particular markets and businesses.
What do antitrust regulations govern ?It has to do with the purchase of stock or assets. This empowered the Justice Department to determine whether a planned acquisition was likely to significantly reduce or impede competition in a pertinent market. 1 / 24. A body of legislation designed to encourage a plethora of fair competition in the market. -illegal monopolies, price-fixing techniques, networks for distributing goods, and mergers. -explains prohibited anticompetitive practices.
Antitrust legislation aims to both prevent monopolies from having anticompetitive consequences and limit the ability of oligopolies to coordinate their actions. The ultimate objective of antitrust law is to raise the possibility that market results will resemble those of an industry with perfect competition. Fair competition in the marketplace is what antitrust legislation is there to protect.
Therefore the correct answer is detailed analysis of specific markets and companies.
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A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $0. 80 per box on an annual basis.
Every year, a car rental service utilizes 96 boxes of staples. Each of the boxes costs $4. Staples cost $10 to order, and annual carrying expenses come out to $0.80 per box. = $55.42
What types of orders exist?Understanding how any order type differs is essential since they could have quite different outcomes. Here, we'll focus on the market ", limit order, and halt order and discuss how they differ and when to consider each.
Briefing
According to the scenario, the computation of the given data are as follows:
Boxes use = 96 boxes
Cost = $4 per box
Staple cost = $20
Carrying cost = $0.80
So, we can calculate the annual cost of ordering and carrying by using following formula:
Annual cost = (EOQ ÷ 2) × Carrying cost + (Boxes use ÷ EOQ) × Staple cost
Where, EOQ = ( 2 × 96 × 20 ÷ 0.80)^1/2 = 69.28
So, by putting the value, we get
Annual cost = ( 69.28 ÷ 2) × $0.80 + ( 96 ÷ 69.28) × $20
= $27.71 + $27.71
= $55.42
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a manager is only accountable for expenses in a(n) ________ center.
A manager is only accountable for expenses in a costs center which is an organisational segment.
Theoretically, businesses can function without cost centres. Companies may conclude that separating expenses for one area from those for other operations is not helpful. when a cost center's manager and staff are in charge of some costs but are not accountable for the business's profitability or investment choices.
To better understand how the organization's non-revenue generating, supporting areas assist the revenue generating areas, a corporation may decide to establish as many cost centres as it deems necessary. Companies must also be aware that having too many cost centres makes it difficult to track spending and may reduce the information's value.
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