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3 years ago

The supply curve represents the _ price at which a firm is willing to _.

1 answer:

8 0

<span>The supply curve represents the lowest price at which a firm is willing to accept. The supply curve shows the lowest price the producer is willing to accept for a unit of their product. Producers need to make sure they aren't losing money but selling their products to wholesalers to then sell to the consumer. The producer needs to make a profit off of their product as well. This is where the supply curve comes in, it allows the firm to set the lowest price they can accept when they sell their units off. </span>

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In competitive markets, a surplus or shortage will select one:

Andrej [43]

Answer: c.

In a competitive market, there are many producers competing to provide consumers the products they needed and thus they cannot dictate prices.

If a surplus occurs, there is an excess of quantity supplied and since producers won't be able to sell all their products, they tend or are forced to lower their price.

The reverse happens when there is a shortage. When there is less supply in the market, price increases.

Surplus and shortage in a competitive market, therefore, will cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.

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4 years ago

To find out which ads and other marketing strategies are working, many companies ask customers how they _____ about the company

Lyrx [107]

To find out which ads and other marketing strategies are working, many companies ask customers how they have heard about the company or product.

Most businesses ask how you found out about their service/product. By asking this question, they are able to track where their marketing efforts are working and where they are not. If they are advertising in one place and it's not reaching consumers, it may be worthwhile for them to take out advertisements there and move them to another place.

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3 years ago

Which of the following statements accurately describes the relationship between earnings and dividends when all other factors ar

poizon [28]

Answer:

The correct answer is: Retaining a higher percentage of earnings will result in a lower growth rate.; Long-run earnings growth will decrease when firms retain earnings and reinvest them in the business.

Explanation:

In the first statement, a deliberate action is shown that consists of the capitalization of the entity, that is, the equity is accumulated in order to distribute it among the shareholders and leave a part to support the company. In the second statement, it means that the positive results of the company will not be seen in the long term due to management's dispositions to execute a policy to capitalize the entity and improve its cash flow by reinvesting the perceived resources.

7 0

3 years ago

On December 31, 2017, Extreme Fitness has adjusted balances of $870,000 in Accounts Receivable and $69,000 in Allowance for Doub

kondaur [170]

Answer: The amount the company would report as its net accounts receivable at 31 December 2017 is $801,000.

Explanation: Net accounts receivable is the recoverable amount of receivable after considering the amount that is deemed to be uncollectible. It is accounts receivable balance minus the allowance for doubtful accounts.

In the instance of this question, the net accounts receivable was initially $801,000 ($870,000 - $69,000). Now that management approved a write-off of $17,000, the implication is that the write-off would hit allowance for doubtful account (since there is a buffer in that account instead of bad debt expense), and the necessary accounting entries to be recorded would be: <em>Debit Allowance for doubtful accounts $17,000; Credit Accounts Receivable $17,000. </em>With these entries, both accounts receivable and the allowance for doubtful accounts would be reduced by the same account. Consequently, the net accounts receivable remains the same but the individual balances in accounts receivable and allowance for doubtful account would now be $853,000 ($870,000 - $17,000) and $52,000 ($69,000 - $17,000).

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3 years ago

Alanco, Inc. manufactures a variety of products and is currently manufacturing all of their own component parts. An outside supp

klio [65]

Answer:

If the company decides to purchase the component from the outside supplier, its operating income will decrease by $66,000 per year. Therefore, Alanco should keep producing the component.

Explanation:

cost of producing the component (per unit):

direct materials $4

direct labor $6

variable manufacturing overhead $2

fixed manufacturing overhead, traceable $5 (non avoidable $1.50)

fixed manufacturing overhead, not traceable $8

total cost per unit = $25

units per year = 12,000

price offered by supplier $21 per unit

alternative A alternative B differential

keep producing buy amount

purchase cost $0 $252,000 ($252,000)

avoidable man.

costs $186,000 $0 $186,000

total $186,000 $252,000 ($66,000)

if the company decides to purchase the component from the outside supplier, its operating income will decrease by $66,000 per year.

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4 years ago

The supply curve represents the _____ price at which a firm is willing to _____.

The supply curve represents the _ price at which a firm is willing to _.