What happens to the equilibrium price when supplies goes down

1 answer:

3 0

An equilibrium price is where the quantity of goods supplied is equal to the quantity of goods demanded. So if supplies of the said product goes down the equilibrium will go down and the price and demand will be higher.

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Explain what lower of cost or market means in regards to reporting merchandise inventory on the balance sheet.

Degger [83]

Answer and Explanation:

Inventory is an asset and is posted on the asset side of the balance sheet. As per accounting standards regarding inventory valuation, it can be either valued at historical cost or at market price, whichever is lower.

Historical cost is the cost at which asset was acquired. Market price is the price which would be received if the asset is replaced as on the date on which balance sheet is prepared. Inventory is valued at lower of the above mentioned costs.

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3 years ago

At the profit-maximizing level of output

tensa zangetsu [6.8K]

Answer:

The correct answer is letter "C": marginal revenue equals marginal cost.

Explanation:

The profit-maximizing level of output for every type of firm is reached when the marginal revenue of production equals the marginal cost meaning that the additional cost of selling one more unit equals the cost of producing one more unit.

Marginal costs vary according to changes in production. Because of that, managers must identify when those events happen to calculate the profit margin (percentage sales that are converted into profits) of the firm to avoid losses.

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__________ is the management function that involves determining whether an organization is progressing toward its goals, rewardi

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Answer:

Controlling

Explanation:

One of the various responsibilities of a manager (management function) is controlling.

In the controlling function, which is usually preceded by other functions such as planning, staffing and leading, it is very important for a manager to control the activities of the subordinates to ensure that they are working towards organization goals, as well as rewarding employees for their good works and also putting them in check when they do not do a good job.

Cheers.

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3 years ago

Phone Tech, a global phone company, frequently needs to respond quickly to fast-changing consumer tastes with its smartphones. T

Elodia [21]

Answer:

The correct answer is: Organic organizational structure

Explanation:

Organic organizations, also known as the organismic organization, is a flexible organizational structure that is capable of adapting the incorporated changes.

In such an organization, there is minimum job specialization and hierarchy. The workers of an organic organization have no job descriptions and rigid procedures. It contains multi-talented workers that are capable of performing variety of tasks.

Therefore, an organic organization is the most adaptive organizational structure as it can quickly adapt and respond to changes in environment.

Therefore, Phone Tech is utilizing an organic organizational structure.

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3 years ago

Which element of negligence deals with the failure of a person to perform a duty that required them to act in a certain way?

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A: breach
because a breach is breaking or failing to perform a duty or observing a law.

I hope this helped ya :)

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3 years ago

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