If a bank has more rate-sensitive liabilities than rate-sensitive assets, then a <u>decline </u>in interest rates will <u>decrease </u>bank profits.
In economic accounting, a liability is defined as the future sacrifices of monetary advantages that the entity is obliged to make to different entities due to past transactions or other beyond activities
Property is what a business owns and liabilities are what a business owes. Each is indexed on an organization's balance sheet, an economic statement that shows an employer's monetary fitness. Assets minus liabilities equals fairness, or an owner's net well worth.
A liability is something a person or agency owes, generally an amount of cash. Liabilities are settled over time thru the switch of financial benefits which include cash, items, or services.
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The process of taking the necessary preventive or corrective actions to keep things on track is CONTROL (e)
1. Willingness to learn
2. Positive attitude
3. Conflict resolution
4. Helpfulness
5. Integrity
there’s more!!
The profit-maximizing price and combined quantity of output is indicated in the demand curve by using a black point (plus symbol).
<h3>What is a cartel?</h3>
A cartel can be defined as a formal agreement between two or more business firms (producers) of a particular product or service, that's formed to control production, sales and pricing in an oligopolistic industry.
At equilibrium in a cartel, marginal revenue is equal to marginal cost (MR = MC). Thus, the profit-maximizing price and combined quantity of output should be calculated from the demand curve as illustrated in the image attached below.
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<u>Complete Question:</u>
Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly). The daily marginal cost (MC) of producing a can of beer is constant and equals $0.40 per can. Assume that neither firm had any startup costs, so marginal cost equals average total cost (ATC) for each firm.
Suppose that Mays and McCovey form a cartel, and the firms divide the output evenly. (Note: This is only for convenience; nothing in this model requires that the two companies must equally share the output.)
Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and combined quantity of output if Mays and McCovey choose to work together.
Answer:
Which of the following are examples of variable cost?
hourly employees