Answer:
raises;larger;decrease;always.
Explanation:
Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, quantity would fall by a larger percentage than the rise in price, causing profit to decrease. Therefore, a monopolist will always produce a quantity at which the demand curve is elastic because he or she will be maximizing profits.
A monopolistic market is a type of market structure that is typically characterized by a single supplier or seller of a particular product without any competition from any other in the market. The features of a monopolistic market are;
- Single seller.
- Profit maximizer.
- Price maker.
- High barriers to entry for others.
- Price discrimination.
- No close substitutes or competition.
Answer:1 the answer is d, 2. The answer is d, 3.The answer is C, 4. The answer is d, 5. When the policy holder does not dies within the years in which the policy was taken
Explanation:
1.Trust is a group of people which has the authority to manage a asset of the owner of the asset after the death of the owner of such asset. The trustee take over the management of the asset that is the properties of the owner after the death of the owner.
2.The major type of insurance are motor vehicle insurance, fidelity guarantee insurance, fire insurance, burglary theft or robbery insurance, Accident insurance, life insurance such as joint life insurance, whole life insurance,term insurance, Annuity insurance, indexed universal life insurance.
3.Annuity insurance : This is the insurance policy in which the insured pays a lump sum of money in form of premium to the insurance company which matures at the retirement of the insured .the insurance company makes regular payment of income to the policy holder on his retirement for a specified period or for the rest of his life depending on the agreement reached and the lump sum paid by the insured.
4.The joint life insurance is the insurance policy which can be jointly taken by two people, the insurance company pays a lump sum to the person who has not died out of the two people that take the policy if the first person out of the two person that takes the policy dies within the period in which the policy was taken with the insurance company.
5. Incident of ownership is the right given by the insurance company to the insured to change the beneficiary listed by the insured on the life insurance policy taken by the insured with the insurance company. The insured can exercise his right under this measures to change the names of the beneficiaries who will receive the benefits after the death of the insured.
Answer:
d) 0, $1,515
Explanation:
total sales revenue = 101 units x $15 per unit = $1,515
since the goods were delivered in April, the sales revenue must be recorded in April, not March (when the orders and advanced payments were received), nor May (when the invoices were paid in full).
The accrual accounting system states that revenues and costs must be recognized during the periods when they actually occur and not when the sales are collected or expenses are paid.
The journal entries to record this sales would be:
March, order for 101 units is received:
Dr Cash 757.50
Cr Unearned revenue 757,50
April, the goods are delivered:
Dr Unearned revenue 757.50
Dr Accounts receivable 757.50
Cr Sales revenue 1,515
May, the invoice is paid in full:
Dr Cash 757.50
Cr Accounts receivable 757.50
Answer:
when sea transportation is used:
safety stock = Z-score x √lead time x standard deviation of demand
- Z-score for 99% = 2.58
- lead time = 36 days
- standard deviation of demand = 4,000 units
safety stock = 2.58 x √36 x 4,000 units = 61,920 units
reorder point = lead time demand + safety stock
- lead time demand = 36 days x 5,000 units = 180,000 units
- safety stock = 61,920
reorder point = 180,000 units + 61,920 units = 241,920 units
when air transportation is used:
safety stock = Z-score x √lead time x standard deviation of demand
- Z-score for 99% = 2.58
- lead time = 4 days
- standard deviation of demand = 4,000 units
safety stock = 2.58 x √4 x 4,000 units = 20,640 units
reorder point = lead time demand + safety stock
- lead time demand = 4 days x 5,000 units = 20,000 units
- safety stock = 20,640
reorder point = 20,000 units + 20,640 units = 40,640 units
The answer to this question is "EGALITARIAN". Such as when Anthony and Cathy Jones have been married for twenty-seven years already. They have always had a joint bank account, they have also discussed big expenditures before making and implementing them and the share household duties have been cleared to both. This Jones family is an example of an EGALITARIAN family.
