which term refers to a legally established minimum price that firms may charge?
Answers
The term that refers to a legally established minimum price that firms may charge is called a "price floor."
A price floor is a government-imposed regulation that sets the minimum allowable price for a particular good or service. The purpose of a price floor is typically to protect producers and ensure a fair income for them, as well as to maintain a certain level of production for a particular product or industry.
When a price floor is set above the equilibrium price, it prevents the market price from falling below the established minimum level. As a result, the quantity supplied might exceed the quantity demanded, potentially leading to a surplus in the market. This can be beneficial for producers, as it ensures they receive a minimum price for their goods or services, but it can also lead to inefficiencies in the market and unintended consequences, such as decreased consumer demand or a black market for the product.
The term "price floor" refers to a legally established minimum price that firms may charge for a specific good or service. It is a regulatory measure used by governments to protect producers and ensure a stable market for certain goods or industries. However, it can also have negative consequences if not implemented properly or if market conditions change significantly.
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Related Questions
true or false? the aggregate supply (as) curve is the total quantity of final goods and services supplied at different price levels.
Answers
True. The aggregate supply (AS) curve represents the total quantity of final goods and services that all suppliers in an economy are willing to produce and supply at different price levels
The aggregate supply (AS) curve depicts the total quantity of final goods and services that all suppliers in an economy are willing to produce and supply at different price levels. It represents the relationship between the overall price level in the economy and the total output or GDP that firms are willing to supply. As the price level increases, firms tend to supply more goods and services, resulting in an upward-sloping AS curve. Conversely, as the price level decreases, firms may reduce their production levels, leading to a downward-sloping AS curve in some cases.
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How to calculate Net Working Capital (NWC)?
Answers
To calculate Net Working Capital, start by taking the current assets of a company and subtracting the current liabilities. Current assets include items such as cash, accounts receivable, inventory and other liquid assets that can be quickly turned into cash.
Current liabilities include things such as accounts payable, short-term debt and other debts due within one year. The resulting number is the company's Net Working Capital.
Net Working Capital (NWC) is an important concept to understand for any business finance class. It is a measure of a company's liquidity, and it tells you how much of their resources a company is holding in cash or are readily available to pay off their short-term liabilities. Calculating Net Working Capital is an important task for any financial analyst.
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Whether speech is going to be delivered before one or one hundred people, the speaker should:
a.
Concentrate on getting everything out quickly
b.
Imitate the mannerisms of great speakers
c.
Prepare their thoughts in advance
d.
Use their biggest vocabulary to sound educated
Answers
Answer:
C). Prepare their thoughts in advance.
Explanation:
A speaker aims to serve a specific purpose through his/her speech(to inform, to entertain, to convince, to motivate, etc.). In order to serve this purpose effectively by the end of the speech, it is very crucial to 'prepare the thoughts that the speaker wishes to convey in advance' as it helps him/her in organizing the thoughts in a logical order to ensure its efficacy. It also assists in analyzing whether the thoughts get along with each other and also keeps room for creativity which can enhance its impact and make the purpose more successful. Thus, be it one or one hundred people, it is important for a speech to be prepared in advance and hence, option C is the correct answer.
Answer:
C). Prepare their thoughts in advance.
Explanation:
e d g e
Al is a physician who conducts his practice as a sole proprietor. During 2021 , he received cash of $459,600 for medical services. Of the amount collected, $44,400 was for services provided in 2020 . At the end of 2021,Al held accounts receivable of $99,900, all for services (HMO) for services to be rendered in 2022. a. Compute Al's gross income for 2021 using the cash basis of accounting. $____
b. Compute Al's gross income for 2021 using the accrual basis of accounting. $____
c. Advise Al on which method of accounting he should use. Al should use the___ of accounting so that he will not have to pay income taxes on the____
Answers
$459,600. $504,300. Accrual basis; to accurately match revenues with the period in which they are earned and report true income.
Al should use the accrual basis of accounting. The accrual basis matches revenues with the period in which they are earned, regardless of when the cash is received. This provides a more accurate representation of Al's income for the year. By using the accrual basis, Al will include the $44,400 of services provided in 2020 but received in 2021, as well as the accounts receivable of $99,900 for services to be rendered in 2022. This ensures that Al's income is reported in the appropriate year and reflects the true economic activity of his medical practice. By using the accrual basis, Al may have to pay income taxes on the accounts receivable, even though the cash has not been received yet.
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The Monetary System - Work It Out: Question 2 In the economy of Robberia, the monetary base is $4700. People hold 50% of their money in the form of currency (and thus 50% as bank deposits). Banks hold 15% of their deposits in reserve. Throughout this question, enter all answers to THREE places after the decimal. c. In the face of this panic, the central bank wants to conduct an open-market operation to keep the money supply at its original level. Calculate, in dollars, how much the central bank needs to transact. The central bank sells worth of bonds.
Answers
Answer: $12,466.67
Given that,
The monetary base of Robberia = $4700
People hold 50% of their money in the form of currency (and thus 50% as bank deposits).
Banks hold 15% of their deposits in reserve.
The money supply of Robberia= Currency held by people + Bank deposits of people
Money supply (M)= C + D
where, C= Currency held by people
D= Bank deposits of people
Banks hold 15% of their deposits in reserve.
Hence, Banks can loan out 85% of their deposits. i.e.,
reserves (R) = 15% × D
= 0.15D
Loanable deposits (LD) = 85% × D
= 0.85D
Now,
The money supply of Robberia= Currency held by people + Bank deposits of people
= 0.5(M) + 0.5(M) × 0.85
= 0.5M (1 + 0.85
= 0.5M × 1.85
= 0.925M
Therefore,
Money supply, M = (Monetary base) / (reserve ratio)
M = $4700 / 0.15
= $31,333.33
c. To keep the money supply at its original level, the central bank wants to conduct an open-market operation.
The central bank sells worth of bonds.
The money supply reduces by the amount of bond sold i.e., change in money supply = $12,466.67
The central bank sells worth of bonds.i.e., worth of bonds sold = $12,466.67
Answer: $12,466.67
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PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
Pete sold 150 shares of stock A at $10.98 per share through his broker. His broker charges $28 per trade. How much money did Pete receive from the sale after the broker took his fee?
A. $1,647
B. $1,619
C. $1,098
D. $1,070
Answers
Answer:
B. $1,619
Explanation:
150×10.98= 1647
1647-28=$1619
Because 10.98x150-29=1619
A firm is operating in the United States with only two other competitors in the industry. It is likely this industry would be characterized as:a. monopolistically competitive.b. pure monopoly.c. perfectly competitive.d. oligopoly.
Answers
A firm is operating in the United States with only two other competitors in the industry. It is likely this industry would be characterized as an oligopoly. The Option D is correct.
What is an oligopoly?An oligopoly refers to a market structure in which a market or industry is dominated by a small number of large producers. Its often result from the desire to maximize profits which can lead to collusion between companies which reduces competition, increases prices for consumers, and lowers wages for employees.
Many industries that are called oligopolistic includes civil aviation, electricity providers, the telecommunications sector, Rail freight markets etc.
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Read the statements below. If the statement describes an appropriate use of e-mail select A. If the statement describes an inappropriate use of e-mail, select I.
A—Appropriate
I—Inappropriate
__ Courtney sent her expense report to her supervisor in an attachment.
__ George forwarded a chain letter asking for support for a local charity.
__ Fin sent a brief message to his friend about tonight's plans.
__ Sheila denied receiving an e-mail asking her to write a report.
__ Tori scheduled a meeting with her co-worker.
Answers
Answer:
I and A
Explanation:
Courtney sent her expense report to her supervisor in an attachment -- A,George forwarded a chain letter asking for support for a local charity. -- I.Fin sent a brief message to his friend about tonight's plans. -- I.Sheila denied receiving an e-mail asking her to write a report. -- I.Tori scheduled a meeting with her co-worker. -- AWhat does a credit bureau do?
It records borrowers' payment histories.
It protects borrowers' deposits.
It regulates credit unions.
It protects against fraud.
Answers
Answer:
b
Explanation:
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Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)
Answers
The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.
Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.
Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.
Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.
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A business function, like accounting and human resources, which moves information about people, products, and processes across the company to facilitate decision making and problem solving is called____________.
Answers
Answer:
Management Information System
Explanation:
MIS which stands for Management Information System which is designated for decision making. It is not any kind of software, rather it is a system developed by gathering information from different resources in the organisation.
These resources include people, processes, products etc:
In order to control, and more importantly co-ordinate between various activities of the organisation, this provides for better control and solving the problems in the organisation.
This system works on creating information through study of various above stated resources in the organisation.
You find one efficient practice and teach
it to all of your employees in order to
improve efficiency. What type of
management is this?
A. Classical
B. Quality
C. Behavioral
Answers
To increase efficiency , you choose one effective strategy and impart it to each and every one of your staff members. Which management style is this Behavior C
Which efficiency do you mean?Efficiency is the capacity to complete an action with little or no wastage, effort, or energy. Being effective using your resources as effectively as you can to get the results you want. Simply put, there's something efficient if there is no waste and every process is optimized.
What is an instance of effectiveness?Efficiency is the practice of performing the same tasks more quickly or waste-free. You might discover a better way to conduct a project status meeting, for instance, so that it lasts 30 minutes .versus 45 minutes on average. Finding a means to enhance results, perhaps by acting significantly differently, is what effectiveness is all about.
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Tracey decides to lease a car for two years. She puts $0 money down and pays $209.15 per month. At the end of the lease, Tracey can buy the car for $11 000. The selling price of the car today is $13 500. What is the total cost of the car if Tracey buys it at the end of the lease?
Answers
Answer:
$16,019.6
Explanation:
The amount of money Tracey puts down for the car = $0
The amount Tracey pays each month for the lease the car = $209.15
The number of years Tracey leases the car = 2 years
The amount at which Tracey can buy the car at the end of the lease, Pp = $11,000
The selling price of the car today = $13,500
The total amount Tracey pays while leasing the car for two years, L = $209.15/month × 2 years × 12 months/year = $5,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = Pp + L
∴ C = $11,000 + $5,019.6 = $16,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = $16,019.6.
a project manager has local and virtual team members for a project. to manage scheduling priority conflicts among team members, the project manager schedules a video conference call. which statement is true about this scenario?
Answers
Which one of the following claims regarding risk management in a project is untrue? Stakeholder analysis is carried out as part of the risk management process for the strategy.
What is the definition of a good manager?inspiring and motivating. Effective team leaders continually motivate their employees to deliver their best work. They help the people they oversee develop a sense of self-worth, empowerment, and support.When the people they supervise succeed, they feel successful as well.
Short answer: Who is manager?An employee's support system and subject matter expert serves as the manager. To accomplish organizational objectives, managers operate within a corporation and collaborate as a team. A supervisor is not someone who multitasks endlessly while delegating work to subordinates.
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For something like a project, a project manager has both physical and virtual team members. Examine the requirements of each team member and look into alternatives.
What is the role of a project manager?A project director is in charge of the project's planning, acquisition, implementation, and conclusion. The charged with the task of the entire undertaking and manages every aspect of it, including the project scope, the project team, and the resources allotted to it.
What are a project manager's four key responsibilities?directing the creation of the necessary outcomes. planning and project management. utilizing any delegated and projects assurance responsibilities while adhering to predetermined roles and responsibility.
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To move toward a personal vision, what smaller steps should you take?
A. Set smaller, more specific goals.
B. Participate in many internships.
C. Change your lifestyle.
D. Switch your personal vision frequently.
Answers
Answer:
D
Explanation:
exhibit w-1 number of workers 8, 400 frictional unemployment 250 structural unemployment 350 cyclical unemployment 600 discouraged workers 400 underemployment 450assuming the total number people working is 8,400, the civilian labor force IS a.8,400 b.9,600. c.8,800. d.7,550
Answers
Assuming the total number of people working is 8,400, the civilian labor force is 9,600.
The civilian labor force is the sum of employed individuals and unemployed individuals actively seeking employment. In this case, the number of employed workers is given as 8,400. To calculate the civilian labor force, we need to add the number of unemployed individuals, including those who are frictionally unemployed, structurally unemployed, cyclically unemployed, discouraged workers, and underemployed individuals.
Adding up the given numbers of unemployed individuals (250 + 350 + 600 + 400 + 450) gives a total of 2,050. Therefore, the civilian labor force is the sum of the number of employed individuals (8,400) and the number of unemployed individuals (2,050), resulting in 10,450. Among the given options, the closest value to this total is option b, 9,600.
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Of the types of social media identified in the text, Flickr is considered a thought-sharing site.
True False
Answers
True. According to the text, Flickr is a photo and video sharing website that allows users to upload and share their visual content with others.
This platform is considered a thought-sharing site because it allows users to express their creativity and ideas through their photos and videos. Additionally, Flickr has a strong community aspect, with users able to follow, comment, and favorite other users' content. Overall, Flickr is a popular social media platform that provides a unique way for individuals to share their thoughts and perspectives with others.
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true or false: makes more money from ads than from all of its other revenue sources combined. true false
Answers
While advertising is a significant source of revenue for many companies, it is not necessarily the primary source of revenue for all businesses. Many companies generate revenue from a variety of sources, including product sales, services, licensing fees, and other means.
Therefore, it is unlikely that any one source of revenue, such as advertising, would account for more revenue than all other sources combined.
For example, a company that produces and sells physical products may generate the majority of its revenue from product sales. Similarly, a service-based business may earn most of its revenue from providing services to customers.
While advertising may play a role in promoting these products or services, it is not the sole source of revenue for the company.
Additionally, the amount of revenue generated from advertising can vary depending on the industry, the size of the company, and other factors. Some companies may rely heavily on advertising to generate revenue, while others may not need to invest as much in advertising to achieve their revenue goals.
Ultimately, the importance of advertising as a revenue source will depend on the individual company and its unique business model.
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PLEASE ANSWER FAST DUE IN A FEW MINUTES, LOTS OF DETAIL NEEDED
Do-It-Yourself home repair shows have become popular in the last few years. Describe one Do-It-Yourself home repair show that you have seen or heard about. What skills from each pathway in the Architecture and Construction cluster would help someone who has decided to undergo a construction project themselves?
Answers
The Architecture and Construction career cluster prepares students for professions in the design, planning, management, construction, and maintenance of the built environment. These professionals work on new constructions, restorations, additions, changes, and repairs.
What further information is available for the Architecture and Construction career pathway?Workers in architecture and construction work on buildings and other structures. Highways, bridges, houses, and buildings are all examples of infrastructure. You might make ideas or blueprints for new constructions. You might also utilize the plans to build it or supervise the project's workforce.
If money is essential to you, a career in architecture is a good bet. According to the BLS, the median wage for all occupations is $41,950, while the typical compensation for an architect is more than double that. Architects have the same or higher job satisfaction as any other profession.
The following abilities are necessary to study architecture and construction:
Math and scientific abilities are required.Design abilitiesAnalytical and problem-solving abilities are required.Teamwork abilities.Communication abilities.High Spatial ReasoningLearn more about Educational Pathways:
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A major goal of the Social Security Act of 1935 was to provide WHICH of the following guaranteed?
A. Medicare
B. Education
C. Income
D. Automobile Care
Answers
Early on in an amortized loan the interest portion of each payment is typically ______ than the principle portion. Towards the end of the loan term the interest portion of each payment is typically ______ than the principle portion. This is because the principle remaining _______ over the life of the loan. A) less / greater / increases B) greater / less / increases C) greater / less / decreases D) less / greater / decreases
Answers
Answer:
C
Explanation:
An amortized loan is a form of loan which the principle together with the accrued interest component is gradually written off over an agreed period of time at a specified rate.An equal amount is regularly paid over the extended period.
The interest component of an amortized loan is firstly settled before considering the principle amount , which makes the interest component to be higher that the principle at the initial stages. This process leads to a reduction in the volume of the principle balance with time . Moreover , as the principle reduces with time , the interest expenses also reduces , and it eventually gets to a point where the principle component of repayment becomes greater.
Mike offers to sell Nora a warehouse. This offer is irrevocable Group of answer choices if Mike does not advertise the offer generally. if Nora pays to have the offer held open. if there are no other potential buyers. under no circumstances.
Answers
Answer:
Nora have to make sure that before she buys the house , she has to know if there are no other buyers
Reserves are funds set aside for emergencies, such as a rush of withdrawals. true or false
Answers
Answer:
true and False. not only that.
Explanation:
please do your research, also used for economic dis stress and so on. Hope I gave you a helping hand!
In the context of job satisfaction, which of the following is true of dimensions of a job?
a. Employees' pay is only marginally related to their job satisfaction.
b. Employees who like their job responsibilities must be satisfied with promotion opportunities.
c. Employees' nature of work does not affect their job satisfaction.
d. Employees with high negative affectivity are more likely to have high job satisfaction.
Answers
Employees' pay is only marginally related to their job satisfaction" is true. While pay can contribute to job satisfaction, other factors like work environment, job responsibilities, and opportunities for growth also play significant roles in overall satisfaction.
Job satisfaction is a crucial aspect of an employee's work experience, and it is influenced by a variety of factors. One of the significant factors that influence job satisfaction is the dimensions of a job. Dimensions of a job refer to the various aspects of a job that influence an employee's satisfaction, such as pay, job responsibilities, nature of work, promotion opportunities, and so on.Regarding the given options, a. Employees' pay is only marginally related to their job satisfaction, is not entirely true. While it is correct that pay may not be the most crucial factor in determining job satisfaction, it is still an essential aspect that affects an employee's overall satisfaction with their job. Employees who are adequately compensated for their work are more likely to be satisfied with their job than those who are not. Thus, it can be concluded that employee pay is somewhat related to their job satisfaction.
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Communication often ____________, or combines, verbal and nonverbal messages.a.regulatesb.repeatsc.integratesd.contradicts
Answers
Communication often integrates, or combines, verbal and nonverbal messages. Verbal communication refers to the use of words and language to convey meaning,
while nonverbal communication involves gestures, facial expressions, body language, and other cues. When we communicate, we frequently use both verbal and nonverbal elements simultaneously to enhance and complement our messages. Nonverbal cues can reinforce or emphasize the verbal message, provide additional context, express emotions, or convey intentions. These integrated signals work together to create a more comprehensive and nuanced communication experience. However, it's important to note that at times, verbal and nonverbal messages may contradict each other, leading to potential misunderstandings or mixed signals.
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Why is it a good idea to be organized in the workplace?
Answers
It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
What is workplace?A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.
An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.
It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
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A(n)
is a tax issued by the federal government on imported goods.
sales tax
tariff
excise tax
Answers
Answer: tariff
Explanation:
I took the test
Over five quarters, revenue generated by Alpha Enterprises was: 10, 14, 12, 16, 20. Using the exponential smoothing technique, calculate smoothed values for the 2nd, 3rd, 4th, and 5th quarters given that
a = 0.5: a. 12, 13, 14, 18
b. 12, 12, 14, 17
c. 12, 14, 16, 18
d. 12, 14, 16, 20
Answers
To calculate the smoothed values using exponential smoothing, we start with the first observed value and then apply the smoothing formula:
k
Smoothed Value = α * Current Value + (1 - α) * Previous Smoothed Value
Given the following revenue values: 10, 14, 12, 16, 20 and α = 0.5, we can calculate the smoothed values for the 2nd, 3rd, 4th, and 5th quarters as follows:
1st Quarter: Smoothed Value = 10 (Since it's the first observed value)
2nd Quarter: Smoothed Value = 0.5 * 14 + 0.5 * 10 = 12
3rd Quarter: Smoothed Value = 0.5 * 12 + 0.5 * 12 = 12
4th Quarter: Smoothed Value = 0.5 * 16 + 0.5 * 12 = 14
5th Quarter: Smoothed Value = 0.5 * 20 + 0.5 * 14 = 17
The smoothed values for the 2nd, 3rd, 4th, and 5th quarters are: 12, 12, 14, 17.
The correct answer is option b: 12, 12, 14, 17.
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please help me with this account question I'm tryna make entries
Answers
Answer:
451
Explanation:
430+21
1234567890101112131415
if the mean is 32 and the median is 40 what would be value of mode
Answers
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation: