The FIFO cost flow assumption assumes that the cost of items purchased first is the cost of items sold first. The FIFO cost flow assumption assumes that the oldest inventory in stock is the first to be sold.
It also implies that the cost of items purchased first is the cost of items sold first, and the cost of items bought most recently is the cost of items sold last. It is a way of valuing inventory and determining the cost of goods sold (COGS). If a company uses the FIFO cost flow assumption for inventory valuation, the inventory cost and COGS will vary depending on the flow of goods. This method is appropriate for companies with perishable or seasonal goods that must be sold quickly to avoid obsolescence or spoilage.
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Why can communicating with someone with a different background than yours present challenges?
Which of the following statements is correct? A. Current liabilities are initially recorded at the amount of their principal plus interest. B. Current liabilities are those liabilities due within one year.
C. Liquidity refers to the ability to pay all debts within one year.
D. Current liabilities affect both the quick ratio and working capital.
B. Current liabilities are those liabilities due within one year.
Current liabilities are financial obligations that are expected to be settled within one year or the operating cycle of a business, whichever is longer.
The amount recorded for current liabilities depends on the specific terms and conditions of the liability.
Option C is not entirely accurate. Liquidity refers to the ability of an entity to meet its short-term obligations, which can include debts due within one year, but it is not limited to only debts. Liquidity is a broader concept that encompasses an entity's overall ability to meet its financial obligations.
Option D is . Current liabilities impact both the quick ratio and working capital. The quick ratio is a measure of liquidity that excludes inventory from current assets, and current liabilities are a component of this ratio. Working capital is calculated as the difference between current assets and current liabilities, so any change in current liabilities will impact working capital.
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Which term describes the science of designing machines and work settings to minimize injury and illness?A. roboticsB. ergonomicsC. business intelligenceD. functional area information systems
A profession that applies theory, principles, data, and methods to design in order to optimize human well-being and overall system performance is called ergonomics
Which term best reflects the science behind creating tools and workspaces that reduce accident and disease risk? A profession that applies theory, principles, data, and methods to design in order to optimize human well-being and overall system performance is called ergonomics (also known as human factors). Ergonomics is a scientific discipline that focuses on understanding interactions between humans and other elements of a system.Merriam-Webster describes ergonomics as "an applied science concerned with planning and arranging items people use so that the people and things interact most efficiently and safely."A profession that applies theory, principles, data, and methods to design in order to optimize human well-being and overall system performance is called ergonomics (also known as human factors). By optimizing workspace arrangements and product design, such as placing your chair, keyboard, and monitor correctly, workplace ergonomics aims to prevent strain, fatigue, and injuries.To learn more about ergonomics refer
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Employers include __________ plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce.
Employers include" Group health" plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce.
What do you mean by fringe benefit program?
The fringe benefit program include health insurance, worker's compensations, retirement benefits and medical leave.
As a company it's the duty of owner and management to take care of their employees health.
It is very common to say that health is wealth. Therefore, it is mandatory in every company to cover all the health benefits for better growth.
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Over time, inflation will cause a (5 points)
decline in the cost of both goods and services
decline in the cost of some goods, but not services
o rise in the cost of both goods and services
o rise in the cost of some services, but not goods
Question 6 of 25
For which of the following housing situations is there a tenant and a landlord?
O A. Buying a home
B. Staying at a hotel
O
C. Renting a house
O
D. Selling a condominium
Could someone answer this pls?
Answer:
C
Explanation:
This is because, in renting a house, the owner becomes your landlord and you become the tenant
A demand loan for $6691.33 with interest at 7.2% compounded quarterly is repaid after 6 years, 4 months. What is the amount of interest paid?
The amount of interest is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
A demand loan for $6691.33 with interest at 7.2% compounded quarterly is repaid after 6 years, 4 months. The amount of interest paid is $3,746.12.
To calculate the amount of interest paid, we can use the formula for compound interest: A = P(1 + r/n)^(nt)
Where:
A = the final amount (loan + interest)
P = the principal amount (loan)
r = interest rate per period
n = number of compounding periods per year
t = number of years
Given:
Principal amount (P) = $6691.33
Interest rate (r) = 7.2% = 0.072 (expressed as a decimal)
Number of compounding periods per year (n) = 4 (quarterly compounding)
Number of years (t) = 6 years + 4 months = 6.33 years
Substituting these values into the formula, we can calculate the final amount (A):A = $6691.33(1 + 0.072/4)^(4*6.33)
A ≈ $10,437.45
To find the amount of interest paid, we subtract the principal amount from the final amount:
Interest = A - P = $10,437.45 - $6691.33 = $3,746.12
Therefore, the amount of interest paid is $3,746.12.
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Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total
Labor-related DLHs $ 337,018 7,700 4,300 12,000
Product testing tests 52,247 1,050 1,150 2,200
Order size MHs 477,608 5,300 5,600 10,900
$ 866,873
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:
A. $45.43 per DLH
B. $394.03 per DLH
C. $49.76 per DLH
D. $28.08 per DLH
Answer:
Option D is correct
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Explanation:
Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.
Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.
Activity rate per driver is calculated as:
Activity overhead for the period / Total cost drivers for the period
Activity rate for the Labor-Related activity cost pool
= Labour related overheads/Total labour hours
= $ 337,018 /12,000 labour hours
= $28.08 per Direct labour hour
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.
Answer:
diversification
Putting money into more than one kind of investment at a time is called diversification.
What is diversification?Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.
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What is a C corporation?
Answer:(:
Explanation:
A C corporation, under United States federal income tax law, is any corporation that is taxed separately from its owners.
• what are the three types of economies and what are their characteristics?
There are three types of economies, namely command economy, traditional economy, and market economy.
Command economy: Command economy refers to an economy where the central government controls everything. In a command economy, the central government decides what goods and services are produced, how they are produced, and how they are distributed. The major characteristics of a command economy are that the central government owns all the resources, prices are set by the government, and the government makes all the decisions on production.
Traditional economy: Traditional economy refers to an economy where customs, traditions, and beliefs are used to guide production and distribution. This type of economy is based on the barter system, where people exchange goods and services. In a traditional economy, there is no need for money, and decisions are made based on what has been done in the past. The major characteristics of a traditional economy are that there is little or no economic growth, there is no use of technology, and there is a limited division of labor.
Market economy: Market economy refers to an economy where prices are set by supply and demand. In a market economy, the decisions on production and distribution are made by individuals and firms. The major characteristics of a market economy are that resources are owned by individuals and firms, prices are determined by supply and demand, and there is little government intervention.
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one of the disadvantages for a company that uses a decentralized advertising department is:A) a focus on what is good for the department rather than what is good for the entire organization.B) the absence of flexibility.C) an inability to respond quickly to changes in the department's external environment.D) an inability to accurately measure the impact of advertising on sales.E) the difficulty in introducing new approaches and creative ideas.
The disadvantage for a company that uses a decentralized advertising department is A) a focus on what is good for the department rather than what is good for the entire organization.
A decentralized advertising department refers to an organizational structure where advertising responsibilities are distributed among various departments or individuals within the company. While this can allow for greater specialization and focus, it can also lead to a lack of coordination and alignment with the overall goals and strategies of the organization.
In a decentralized advertising department, each department may have its own priorities and objectives, which can lead to a focus on what is best for that department rather than what is best for the organization as a whole. This can result in duplication of efforts, a lack of efficiency, and a failure to prioritize initiatives that have the greatest impact on the company's overall success.
Therefore, option A is the correct answer to this question.
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Marcus is considering which college major to choose. In taking a rational approach, Marcus should consider
Answer:
Science or physics.
Explanation:
You didn't give us the choices
All of the following are true regarding social loafing except the amount of social loafing depends in part on the group leader's awareness of it. it is often a problem in very small groups it often results from the assumption that other members will pick up the slack. some members put forth less effort in a group. Ohow much of a problem social loafing depends in part on the nature of the task.
All of the following statements are true regarding social loafing except it is often a problem in very small groups. Thus, the correct answer is Option B.
Social loafing occurs when the effort put in by an individual decreases when they are working in a group. Social loafing happens when individual efforts cannot be assessed because they are in a group. The individual may not put in their best effort, believing that someone else in the group will do the work. They believe that their effort will not be recognized or appreciated. Social loafing is common in many scenarios, including the workplace, sports teams, school projects, etc.
Social loafing is more likely to occur in larger groups rather than smaller ones. In small groups, individuals are more likely to be identifiable and accountable for their contributions, which can reduce social loafing tendencies. In contrast, in larger groups, individuals may perceive their individual efforts as less noticeable or necessary, leading to a diffusion of responsibility and increased social loafing.
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Complete question:
All of the following are true regarding social loafing except
A) the amount of social loafing depends in part on the group leader's awareness of it.
B) it is often a problem in very small groups
C) it often results from the assumption that other members will pick up the slack.
D) some members put forth less effort in a group.
E) how much of a problem social loafing depends in part on the nature of the task.
the concept of advertising expenditures producing long term rather than immediate results is known as
The concept of advertising expenditures producing long-term rather than immediate results is known as the long-run effect of advertising.
What is advertising expenditure?Advertising expenditure is the cost of the advertisement that is broadcasted on any medium.
It is how much a company spends on promoting their goods or services using various mediums such as television, radio, print media, social media, or outdoor advertising. It is also known as advertising budget.
The advertising budget helps a company to develop strategies and set priorities for the advertising activities.
What is the long-run effect of advertising?
The long-run effect of advertising is a delayed response to advertising expenditure.
It is the long-term impact of advertising on consumer behavior. This effect is not immediate and can take a while to develop.
It includes creating brand awareness, changing the attitude of customers towards the brand, creating brand loyalty, and increasing sales.
Long-run effects of advertising may also include influencing consumers' perception of the brand, creating a brand image and positioning, and improving customer loyalty.
A few examples of the long-run effect of advertising include the following:
Developing brand awarenessCreating brand loyaltyChanging consumers' perception of the brandCreating a brand image and positioningImproving customer loyaltyIncreasing salesIt is crucial for companies to understand the long-run effect of advertising on consumer behavior to allocate their budget effectively and set goals for their advertising campaigns.
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the basic types of operational economies through which firms seek value from economies of scope are:
The basic types of operational economies through which firms seek value from economies of scope are the sharing of value chain activities and support functions.
What is operational economies?Operating economies, to put it another way, are the decreases in costs per unit made possible by the expansion of a company's operations in terms of both size and scale. Operating economies therefore encompass both economies of scale and economies of scope. Operational economies and operating synergy are synonyms.
creation of goods and services using resources, including natural, human, financial, and entrepreneurial. service and decent distribution. commodities and services are traded. the provision of money.
Thus, the sharing of value chain activities and support functions.
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The Boeing Company buys $3 million worth of steel, $2. 5 million worth of computer hardware and software, and $1 million worth of mechanical tools to manufacture a certain model of aircraft. Boeing sells this particular model of aircraft at $10 million. The value added by Boeing is equal to:
The value added by Boeing in the manufacturing of the aircraft model can be calculated by subtracting the total cost of inputs from the selling price of the aircraft.
In this case, the total cost of inputs for manufacturing the aircraft includes $3 million worth of steel, $2.5 million worth of computer hardware and software, and $1 million worth of mechanical tools, which amounts to $6.5 million.
The selling price of the aircraft is $10 million.
To determine the value added, we subtract the total cost of inputs from the selling price:
$10 million (selling price) - $6.5 million (total cost of inputs) = **$3.5 million**.
Therefore, the value added by Boeing in the manufacturing process of this particular aircraft model is $3.5 million.
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What does the Beginning Balance column in the Trial Balance View in the Prep for taxes tool indicate
The beginning balance column in the tool indicates the balance in the clients account.
What is the prep for taxes tool?This is an online tool that helps with the reviews of the account of a client online through the help of one dashboard.
The tool is also known to have a close resemblance to the trial balance.
These kind of tools are useful to theclient for their tax preparation.
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Find the interval of convergence of the power series. (be sure to include a check for convergence at the endpoints of the interval. if the answer is an interval
To find the interval of convergence of a power series, we can use the ratio test. The ratio test tells us that a power series ∑(a_n*x^n) converges if the limit of |a_n+1/a_n| as n approaches infinity is less than 1.
So, let's apply the ratio test to your power series. Assuming your power series is of the form ∑(a_n*x^n), we have:
|a_n+1/a_n| = |(n+1)^2*x^(n+1)/n^2*x^n| = |(n+1)^2*x|
Now we need to find when this limit is less than 1:
lim |(n+1)^2*x| < 1
n→∞
The limit exists and is equal to 0 when |x|<1/(n+1)^2. Therefore, the interval of convergence is [-1,1].
Now we need to check for convergence at the endpoints of the interval. For x = -1, the series becomes ∑(-1)^n*a_n, which is called an alternating series. The alternating series test tells us that this series converges if the terms approach zero and alternate in sign. Since |a_n| approaches zero as n approaches infinity, the series converges at x = -1.
For x = 1, the series becomes ∑a_n, which is just a regular series. We don't know if this series converges or diverges yet, so we need to use a different test. A common test to use is the integral test, which tells us that if the integral of |a_n| from 1 to infinity converges, then the series converges. If the integral diverges, then the series diverges.
∫|a_n| dx from 1 to infinity is equal to ∫(n^2) dx from 1 to infinity, which diverges. Therefore, the series diverges at x = 1.
So, the interval of convergence is [-1,1], and the series converges at x = -1 and diverges at x = 1.
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In order to reduce the possibility that a technological paradigm shift will render your skills obsolete, you should
a. Encourage others to keep their skill sets current
b. Try to keep your company from adopting new technology
C. Keep tabs on the newest technical advances
d. Adopt a technology proof career, like carpentry
Answer:
a. Encourage others to keep their skill sets current
b. Try to keep your company from adopting new technology
Explanation:
Continuous updating and upgrading one's skills is a sure way of remaining relevant in a rapidly changing work environment. Many organizations are always seeking ways of modernizing their work processes. As companies adopt technology to enjoy increased efficiency, workers without matching skills are declared redundant.
Continuous training and learning are necessary to reduce the possibility of one's skill being declared obsolete. To survive in the new technology era, a worker and his colleagues can embrace and learn to work with new technology or work hard to prevent their company from acquiring it.
Answer:
c.
Keep tabs on the newest technical advances
Explanation: CORRECT ON EDGE 2021
mormon cricket females choose mates based on what male characteristic?
Mormon crickets are a species of katydid found in western North America. During their mating season, male Mormon crickets produce a distinctive courtship song to attract females. However, recent studies have shown that female Mormon crickets actually base their mate choice not on the quality of the song, but on the nutritional quality of the male.
Female Mormon crickets prefer to mate with males that have a high protein content, as these males can produce larger and more nutritious sperm. In a series of experiments, researchers found that female crickets were more likely to mate with males that had been fed a high-protein diet, regardless of the quality of their courtship song.
Interestingly, male Mormon crickets are known to cannibalize other males in order to obtain nutrients, and it has been suggested that this behavior may have evolved as a way to increase their attractiveness to females. By consuming other males, male Mormon crickets are able to increase their protein content and improve their chances of being chosen as a mate.
Overall, the choice of a mate based on nutritional quality is a relatively rare phenomenon in the animal kingdom, and the case of the Mormon cricket provides a fascinating example of how evolutionary pressures can shape the behavior and reproductive strategies of a species.
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Please help
9. Describe preventing/controlling risk in relation to how businesses deal with each of the
following:
a. Safety-
b. Security-
c. Employee incompetence-
d. Product selection-
e. Credit-
f. Changes-
g. Weather extremes-
a. Safety - Businesses can prevent and control risks related to safety by implementing safety protocols and guidelines, providing adequate training to employees, regularly inspecting equipment and facilities, and promptly addressing any safety concerns.
b. Security - Businesses can prevent and control risks related to security by implementing access control measures, using security cameras and alarms, regularly reviewing and updating their security policies, and training employees on how to identify and respond to security threats.
c. Employee incompetence - Businesses can prevent and control risks related to employee incompetence by providing thorough training and development programs, setting clear performance expectations, and regularly monitoring employee performance and providing feedback.
d. Product selection - Businesses can prevent and control risks related to product selection by conducting thorough research on products, identifying potential risks and liabilities associated with them, and regularly reviewing and updating their product selection policies.
e. Credit - Businesses can prevent and control risks related to credit by establishing credit policies and procedures, conducting credit checks on customers, setting credit limits, and regularly monitoring accounts receivable.
f. Changes - Businesses can prevent and control risks related to changes by conducting thorough risk assessments before implementing any changes, communicating changes to stakeholders, establishing contingency plans, and regularly reviewing and updating their change management policies.
g. Weather extremes - Businesses can prevent and control risks related to weather extremes by implementing weather emergency protocols, regularly monitoring weather forecasts, having emergency supplies on hand, and regularly reviewing and updating their weather emergency plans.
\( \: \)
Preventing and controlling risk in business involves implementing various strategies for different aspects such as safety, security, employee competence, product selection, credit, changes, and weather extremes.
Explanation:Preventing/Controlling Risk in BusinessSafety: Businesses can prevent safety risks by implementing safety measures such as providing proper training, enforcing safety protocols, and conducting regular inspections.Security: Businesses can control security risks by installing security systems, implementing access control measures, and conducting background checks on employees.Employee incompetence: Businesses can prevent employee incompetence risks by providing comprehensive training programs, establishing clear performance expectations, and conducting periodic performance evaluations.Product selection: Businesses can control product selection risks by conducting thorough market research, partnering with reputable suppliers, and performing product testing.Credit: Businesses can prevent credit risks by setting strict credit policies, conducting credit checks on customers, and implementing effective collection procedures.Changes: Businesses can control risks associated with changes by implementing change management strategies, communicating effectively with stakeholders, and conducting impact assessments.Weather extremes: Businesses can prevent or mitigate risks associated with weather extremes by implementing weather monitoring systems, having emergency response plans in place, and investing in appropriate insurance coverage.Learn more about Risk management in business here:https://brainly.com/question/33515955
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will give brainliest if correct (repost)
Answer:
decrease in demanded
Explanation:
the green one is the answer
Answer:
The other person is correct
Explanation:
have a great rest of your day :)
JOURS CH6-11 Question 46 of 47 View Policies Current Attempt in Progress Sheridan Corporation produces snowboards. The following cost information per unit is available direct materials $16: direct labour $6: variable manufacturing overhead $3fixed manufacturing overhead $19: variable setting and administrative experises $3, and fixed selling and administrative expenses $16. Using a 20% markup bercentage on the total cost per unit, calculate the target selling price
The target selling price for Sheridan Corporation's snowboards is $75.60 per unit.
To calculate the target selling price, follow these steps:
1. Determine the total cost per unit by adding all given costs:
Direct Materials: $16
Direct Labor: $6
Variable Manufacturing Overhead: $3
Fixed Manufacturing Overhead: $19
Variable Selling & Administrative Expenses: $3
Fixed Selling & Administrative Expenses: $16
Total Cost per Unit = $16 + $6 + $3 + $19 + $3 + $16 = $63
2. Calculate the markup amount by multiplying the total cost per unit by the given markup percentage (20%):
Markup Amount = Total Cost per Unit × Markup Percentage
Markup Amount = $63 × 0.20 = $12.60
3. Determine the target selling price by adding the total cost per unit and the markup amount:
Target Selling Price = Total Cost per Unit + Markup Amount
Target Selling Price = $63 + $12.60 = $75.60
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49. When an employee is moved to another position in the same class, or to a different class with substantially the same duties and salary this is called a:
A. lateral transfer.
B. horizontal transfer.
C. vertical transfer.
D. departmental transfer.
E. job progression transfer.
When an employee is moved to another position in the same class or to a different class with substantially the same duties and salary, this is referred to as a option A) lateral transfer.
A lateral transfer allows an employee to move to a different position or department without changing their job level or salary. This type of transfer can be beneficial for both the employee and the organization, as it can provide new challenges and opportunities for the employee while also allowing the organization to retain valuable talent. In contrast, a vertical transfer involves moving to a higher or lower job level, while a departmental transfer involves moving to a different department within the organization. A horizontal transfer is another term for a lateral transfer, and a job progression transfer typically involves moving to a higher job level with increased responsibilities and salary.
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zoom in and examine the locations of faults relative to cities housing, businesses, freeways, and development in general. how would you describe the level of seismic hazard in the bay area?
The Bay Area is located in the seismically active region of California and is prone to earthquakes and other seismic activity.
Understanding the locations of faults relative to cities, housing, businesses, freeways, and development is key to assessing the potential level of seismic hazard in the region.
To provide an accurate assessment of seismic hazard, it is necessary to zoom in and examine the exact locations of the faults and how they are situated relative to the aforementioned structures.
By doing this, one can gain a better understanding of the seismic hazard present in the Bay Area and take the necessary precautions to protect against potential seismic activity.
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Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.
Answer:
did you finish it cuase i got the same one
Explanation:
Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.
What do you mean by Negative publicity?When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.
Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.
In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.
Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.
Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.
Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.
Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.
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Suppose consumers suddenly start preferring hamburgers over fish. how does this change affect consumer demand for fish?
a. demand increases.
b. demand decreases.
c. demand does not change.
Answer:
B. Demand decreases.
Explanation:
Since the consumers now prefer hamburgers over fish the demand for fish will decrease and will also decrease the production of fish.
I hope this helps!
1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.
No, the average price of goods does not decrease when inflation decreases from 10% to 5%.
Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.
The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.
Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.
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Can you explain how you can use financial literacy skills to plan for your future?
Answer:
I am not sure, sorry.
Explanation:
Maybe you can use google.