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2 years ago

Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:

Business

1 answer:

ladessa [460]2 years ago

6 0

Answer:

e.people will not change the quantity of the good when the price of the good is changed.

Explanation:

When the demand curve for a good is vertical, it indicates that the demand for the good is perfectly inelastic ; a change in price has no effect on the quantity demanded.

Goods with perfect inelasticity usually have no or little close subsituites.

I hope my answer helps you

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Mark or Make is a bourbon distillery. Sales have been steady for the past three years, and operating costs have remained unchang

schepotkina [342]

Answer:

a. No allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense 210,000 210,000 210,000

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) 0 0 0

Revenue after Rent paid 140,000 139,000 141,000

Less: Corporate Taxes at 30% 42,000 41,700 42,300

Net Income $98,000 $97,300 $98,700

Considerations for No Allocation

- Taxes are to be deducted from Gross Profit.

- Rent not to be deducted from Gross Profit.

b. Comprehensive Allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense 210,000 210,000 210,000

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) 60,000 60,000 60,000

Revenue after Rent paid 80,000 79,000 81,000

Less: Corporate Taxes at 30% 24,000 23,700 24,300

Net Income 56,000 55,300 56,700

Considerations for Comprehensive Allocation

- Taxes are to be deducted from Gross Profit.

- Rent is to be deducted from Gross Profit.

c. No allocation distorts Mark or Make’s Net Income for all three years. This is because if Rent is not allocated taxes will be calculated on Gross Revenue. That is to say, Rent is a Non-Operating Expense and hence is to be deducted from Revenue to Calculate the Taxes. When Revenue is reduced, obviously, the taxes will be reduced. Hence, less income is seen in Comprehensive Income Statement and more Revenue is seen in Simple - Non Comprehensive Statement.

4 0

2 years ago

Contingency theories propose that the effectiveness of a particular style of leader behavior depends on the Multiple Choice situ

Arlecino [84]

Contingency theories propose that the effectiveness of a particular style of leader behavior depends on the situation.

<h3>What do you understand by contingency theory of leadership?</h3>

According to the contingency theory of leadership, a leader's efficacy is determined by whether or not their leadership style is appropriate for the situation. These theory shows that there is no fundamental way to meet with the requirements of business and implement decision making.

To represent better effectiveness at workplace, A leader should be flexible to meet with different situations. The decision making will be varied from situation to situation.

The contingency theory of leadership focus on skills like, adaptability, ability to face challenges, effective communication, innovative approach as well as critical thinking and decision making. The leaders should develop unique leadership style to deal with challenging situation.

Learn more about theory of leadership refers to:

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5 0

1 year ago

I need help please??

IRISSAK [1]

At the Warren Technology center there is constant use of participative counseling towards workers. The company also is in charge of providing health care, dental plan expenses, food bonuses and money bonuses in short periods of 3-4 months. Workers inside Warren Technology enjoy their work; many paid employees affirm that the supervisors and managers are strict but friendly and they enjoy the presence of other workers. Also, participative counseling is mostly used inside the work place. Many employees that work inside the factory have sometimes family issues, things they would like to get off their chest, unresolved issues, etc. So, imposing inside Warren Technology a healthy and active “participative counseling” area, workers can be more productive, be sane, and mentally stabilized. Many workers at Warren Technology are Latinos and Americans. Both cultures differ a lot in terms of family matters, internal relationships, morals, etc. For example: a typical Latino family matters are “We don’t have enough money”, “There are too many people living inside the household”, “The church we go to make us pay a lot of money just to attend a sermon”, “My son/daughter is out of control, they have become rebellious and we need to give them more discipline”, “My mother/father won’t stop nagging”. American culture problems are usually more different. For example: an American will usually say “My wife and I don’t give each other as much love as we used to”, “The kids are all grown up and out of the house”, “I am so depressed and lonely”, “I need a partner”, etc. By providing competent and experienced personnel the workers feel more lifted in spirit, they enjoy their work more, and are glad they have a free service that can listen to their problems and give solemn positive and professional advice. Managers and supervisors from Warren Technology keep their eyes alert to see if any worker may feel down or may be in need of some emotional type of assistance. Once a manager or supervisor notices a pattern that is continuous they send the worker into participative counseling to help with their problems. While counseling the counselors need to make sure not to get too attached to the workers and employees, they need to maintain a distance so they won’t get emotionally attached to the employees that may come in or out of the office very frequently. A security agreement can sometimes be made in order to keep the workers case a secret, for personal records or sometimes it can be sold with the consent of the worker in order to give it to study labs and research facilities. A development plan is made between managers/supervisors and the staff who work as counselors in order to see what the workers need, how to make the job easier for everyone, and most importantly the way to help workers in the most efficient and effective way possible. Feedback mechanisms are also provided but in order to organize problems, projects, etc. Both employees and counselors need to cooperate together in order to make things fair and easier for everyone working inside Warren Technology. The same I myself would like to follow these same processes and procedures just as Warren Technology provide since they are very effective as well as productive and efficient and all the workers are very joyful and happy to work in this particular environment no matter in what department they are supposed to work in.

Hope this helps you :)

8 0

2 years ago

"the list of processes waiting for a particular i/o device is called"

velikii [3]

Device queue is the answer

6 0

3 years ago

aries and eros start a partnership with capital contributions of 39000 and 60000 respectivelty over the course of the year aries

aleksley [76]

Withdrawing cash increases Aries withdrawal account hence debited, decreases cash hence credited.

Option A. is correct.

The explanation for incorrect options is given below.

B. Credit to Aries, capital increases capital account, whereas no capital in contributed it is withdrawn.

C. Credit to Eros, capital increases capital account, whereas no capital in contributed it is withdrawn by another partner.

D. Journal is required

A withdrawal of coins for an owner's private use reduces cash and calls for extra access to a unique drawings account. Because the drawing account is a capital account, it's going to have a debit balance with the purpose to offset a cash pull.

right here coins account will be debited in view that cash is withdrawn for office use, if there might be for personal use then the drawing would be debited but no longer in this example, and right here bank account can be credited given that it is decreasing.

The journal access for coins withdrawn from the financial institution is contra access. coins may be taken from the bank for 2 uses both for personal use (or) business use. I am assuming that money is withdrawn from the financial institution for commercial enterprise use.

Your question is incomplete. Please read below to find the complete question.

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1 year ago