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2 years ago

It is appropriate to use the supply-and-demand model in which of the following markets?

Business

1 answer:

NeX [460]2 years ago

4 0

Answer:

The correct answers are letters "A", "B", "C", and "D": beer market; car market; wheat market; market for breakfast cereal.

Explanation:

The supply-and-demand analysis is one of the most basic principles in economics. In simple terms, it states that when an item is scarce, but many people want it, the price of that item will rise. The theory can be applied to markets of goods and services, labor, capital, and all the factors of production. It could be useful to study the fluctuations of a firm or the overall economy.

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The vital function of _____ involves transforming data into useful information for decision makers.

Kipish [7]

The answer is : information technology department

to fulfill its duty, information technology deportment usually develop a system for transforming the data that they acquired into useful informations regarding company's financial condition, product marketing, future projection , etc, which will be used by those in executive positions

4 0

3 years ago

In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T

Juli2301 [7.4K]

Answer:

Explanation:

2021 2022 2023

Bills during the year 2,180,000 2,644,000 5,176,000

Cost incurred in the year 2,016,000 2,808,000 2,613,600

Cumulative cost to date 2,016,000 4,824,000 7,437,000

Estimated cost to complete 5,184,000 2,376,000 0

Estimated total cost 7,200,000 7,200,000 7,437,000

percentage completion

2,016,000/7,200,000*100 =28%

4,824,000/7,200,000*100 = 67%

7,437,000/7,437,000 *100=100%

Percentage Completion 28 67 100

Contract price 10,000,000

Less cumulative cost (7,437,000)

Gross profit 2,563,000

Contract value 2021 10,000,000* 28 % =2,800,000

2022 10,000,000* 67% = 6,700,000

2023 10,000,000*1005 = 10,000,000

Contract value 2,800,000 6,700,000 10,000,000

less revenue recognized 2,800,000 6,700,000

2,800,000 3,900,00 3,300,000

less cost incurred in the year 2,016,000 2,808,000 2,613,000

Profit recognized 784,000 1,092,000 687,000

8 0

2 years ago

. Dolores used to work as a high school teacher for $40,000 per year but quit in order to start her own catering business. To bu

VladimirAG [237]

Answer:

The correct option is B

Explanation:

In order to compute the profit, the accountant consider the Explicit cost so,

Explicit Cost = Borrowed amount × Interest rate + Ingredients amount

= $30,000 × 3% + $25,000

= $259,000

Where Revenue is $60,000

Profit = Revenue - Explicit Cost

= $60,000 - $259,000

= $34,100

Economic Profit is computed as:

Economic Profit = Total Profit - Implicit Cost

= $34,100 - $40,600

= - $6,500

where

Implicit Cost = Salary + Interest

= $40,000 + ($20,000 × 3%)

= $40,000 + $600

= $40,600

Therefore, Louis says profit is $34,100 and Greg says she lost $6,500

5 0

3 years ago

The price quotations of Treasury bonds in the Wall Street Journal show an ask price of 104.25 and a bid price of 104.125.

Andreas93 [3]

As a seller we would receive $1,041.25

Solution:

You may receive the bid price of the dealer, $104.125\%$ of $1,000, or $1,041.25

Prices of treasury bonds are expressed as par value amounts.

The quote price of 104:25 means that the bond is priced at $(104 + \frac{25}{100})\%= 104.25\%$ of the par value.

Therefore, if the debt is $1,000, the dollar values to be charged by the borrower should be $1,000\times104.25\% = \$1,041.25$

5 0

2 years ago

Nick and Katelyn paid $1,600 and $2,100 in qualifying expenses for their two daughters, Nicole and Naomi, respectively, to atten

Damm [24]

Answer: $0

Explanation:

From the question, we are informed that Nick and Katelyn paid $1,600 and $2,100 in qualifying expenses for their two daughters, Nicole and Naomi, respectively, to attend the University of Nevada and that Nicole is a sophomore and Naomi is a freshman.

We are further told that Nick and Katelyn's AGI is $202,000. Based on the above scenario, their allowable American opportunity tax credit will be $0. This is because when AGI is more than $180,000 for such taxpayers, the credit is being phased out.

5 0

2 years ago

It is appropriate to use the supply-and-demand model in which of the following​ markets?

It is appropriate to use the supply-and-demand model in which of the following markets?