Answer: (q2 - q1).
Explanation:
A free market is an economic system whereby production of goods and services are being regulated by demand and supply forces. In this economic system, it should be noted that there's little or no intervention from the government.
If a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. The number of kidneys transplanted would increase by (Q2-Q1) compared to the number transplanted at a price ceiling of p= $0.
Answer:
Ending Inventory = $10,000
Explanation:
Calculating the ending inventory using the lower of cost and net realizable value (NRV):
It means we have to take the inventory cost, which is lower between the original cost and net realizable value. Therefore, for Model A -
Inventory Quantity × Unit Cost (Cost or NRV which is lower) = Total ending inventory cost
100 × $ 100 = $10,000
(We have used the original cost as it is lower than NRV cost)
Ready Repair Service enters into a contract to fix washers and dryers in Scrub n' Dry Company's coin-operated laundries. If Ready Repair breaches by only partially performing the contract, Scrub n' Dry can C. sue Ready Repair for compensatory and consequential damages.
Scrub n' Dry can sue Ready Repair if they do not hold up the full contract that was agreed on. Consequential damages are a type of compensatory damage. Since Scrub n' Dry did not receive all of the compensation they were entitled to based on their initial agreement they can sue to be awarded the funds that were lost. Compensatory damages are only meant to compensate a person for what they lost not punish the other company/individual.
Answer:
$344,000
Explanation:
The applicable formula, in this case, is the accounting equation.
Assets= Liabilities + Equity.
Liabilities =$117,000
Equity =$227,000
Assets = $117,000 + $227,000
Assets = $344,000
Answer:
When a firm decides to situate its operations outside of its original geographic boundaries, it is said to have internationalized its operations.
It is right to acquiesce to the position that Internationalization can become a critical growth strategy for a high-tech venture.
Explanation:
Every country/economy in the world operates at different levels of efficiency with various degrees of economic advantages and disadvantages to the businesses. The one singular factor that validates this statement is the Cost of Doing Business.
For example,
by virtue of China's huge population and economic strategies, its low cost of production (which was mainly due to cheap labour) became a great incentive to many tech companies all over the world especially IT.
By relocating production operations to China, many companies got the same quality for far less than they would have if they retained such operations in their home country.
One example of this is Apple. Apple currently has an operation in China which manufactures its iPhones with a production plant that is 230,000 staff strong.
Foxconn which is the name of the manufacturing partner which China uses boasts of the ability to produce half a million iPhones in a day.
On the 30th of July, 2020, USD 59.7 billion was posted by Apply as its earning. This is an 11% growth over its quarterly performance from a year ago of which 60% is accounted for by sales from international economies.
The above facts speak to the relevance/advantages of internationalisation.
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