Answer: (1) Equilibrium price = 60 and Equilibrium quantity = 120, when I = $1500.
(2) Equilibrium price = 54 and Equilibrium quantity = 108, when I = $1200.
Explanation:
(1) When Average income (I) = $1500
At equilibrium, QD = QS
150 - 3p + 0.1I = 2p
150 - 3p + 0.1 × 1500 = 2p
5p = 300
p = 
p = 60
q = 2p ⇒ 2 × 60 = 120
Hence, p and q are equilibrium price and equilibrium quantity, respectively.
(2) If 20% income tax is introduced then Average income (I) = $1500 - 20% of $1500 ⇒ $1500 - $300 = $1200
At equilibrium, QD = QS
150 - 3p + 0.1I = 2p
150 - 3p + 0.1 × 1200 = 2p
5p = 270
p = 
p = 54
q = 2p ⇒ 2 × 54 = 108
Hence, p and q are equilibrium price and equilibrium quantity, respectively.
In Russia, their workers are not usually free to use their own judgement especially the time when they are making decisions. Most of the time, the culture of Russia is being characterized by a distance that is a low power. But the Russia is very high nature individually.
Answer:
a) Firm’s return on assets = 11.46 %
b) Return on stockholders’ equity = 19.37%
c) Profit margin = 3.27%
Explanation:
a) Return on assets = 
= 
b) Return on stockholder's equity = 
Equity =Total assets - Debt = $1,710,000 - $698,000 = $1,012,000
Return on equity = 
c) Asset Turnover ratio = 
= 3.5
then Net sales = 3.5 X Total Assets = = 3.5 X $1,710,000 = $5,985,000
Profit margin = ![\frac{Net profit}{Net sales} X 100 [tex]= \frac{196,000}{5,985,000} X 100 = 3.27 percent](https://tex.z-dn.net/?f=%5Cfrac%7BNet%20profit%7D%7BNet%20sales%7D%20X%20100%20%5Btex%5D%3D%20%5Cfrac%7B196%2C000%7D%7B5%2C985%2C000%7D%20X%20100%20%3D%203.27%20percent)
a) Firm’s return on assets = 11.46 %
b) Return on stockholders’ equity = 19.37%
c) Profit margin = 3.27%
Answer:
The use of peer ratings within work groups will most likely cause healthy competition among peers as well as improving their performance. Peer rating helps to push every individual to their best and this helps the organization increase in all ramifications as well as maximize profit.
Explanation:
Answer:
a. It involves building long-term, mutually beneficial relationships.
b. It is a philosophy or perspective that stresses customer satisfaction.
c. It entails processes that focus on delivering value and benefits to customers.
Explanation:
Marketing: Marketing is the term which is used to manage the business in an effective and efficient manner. The motive behind this to build long term relationships with the customers through which customer satisfaction with the company products.
Here, the 4 PS (Place, product, price, promotion) and 4 Cs (Customer, cost, convince, communication should be used so that the organization can run in smooth manner.
So, options a.b and c are correct while option d is incorrect.
