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Marysya12 [62]
2 years ago
8

How do businesses determine the equilibrium price of a good or service?

Business
1 answer:
Helen [10]2 years ago
6 0

Answer:

C. They set a price where the demand matches the quantity they are

willing to supply

Explanation:

The equilibrium price is the current market price as determined by supply and demand forces. It is the price at which buyers are happy to buy the entire supplied quantities. Suppliers are also happy to sell that quantity at the set price. The equilibrium price is, therefore, the intersection of the demand and supply curves.

At the equilibrium price, there is no excess or short supply of a product in the market.

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Jessica was recently praised by her supervisor for displaying superior customer service during an encounter with a problem custo
yaroslaw [1]

Jessica was recently praised by her supervisor for displaying superior customer service during an encounter with a problem customer. This is an example of organizational effectiveness.

What is Customer service?

Customer service is the assistance you provide to make sure that your clients have a simple and satisfying experience with you, both before and after they purchase and utilize your goods or services. If you want to keep clients and expand your business, you must provide outstanding customer services. Customer service today offers much more than the standard telephone support representative. It's accessible through social media, text messages, email, and the web. Many business also provide self-service assistance, allowing clients to research solutions on their own day or night.

Learn more about Customer Service here:

brainly.com/question/19049484

#SPJ4

6 0
1 year ago
BK Trucking has total equity of $25,380 and 1,500 shares outstanding.Its stock is currently selling at $38 per share. What is th
rjkz [21]

Answer:

2.25 times

Explanation:

The computation of the market-to-book ratio is shown below:

Market to book ratio = (Market price per share) ÷ (book value per share)

where,

Market price per share = $38 per share

And, the book value per share

= Total equity ÷ outstanding shares

= $25,380 ÷ 1,500 shares

= $16.92

So, the market to book ratio would be

= $38÷ $16.92

= 2.25 times

6 0
3 years ago
Rothstein Corp. had the same capital structure in 2021 and 2022, consisting of the following: Preferred stock, $12 par, 5% cumul
crimeas [40]

Answer:

2.37

Explanation:

Earnings per share is a monetary value for every outstanding share. The EPS is reported in the income statement of the company. Rothstein Corp. has paid $20,000 of preference dividend in the year 2022. The annual preference dividend is $12 par * 20,000 shares * 5% cumulative = 12,000 per year.

The total preference dividend for year 2021 and 2022 is 24,000 out of which 20,000 is already paid.

To calculate EPS we subtract unpaid preference dividend from net income $600,000 - $4,000 = 596,000

EPS = Net income after preference shares dividend / outstanding number of shares

EPS = $596,000 / 250,000 shares = 2.37

5 0
3 years ago
The average size of farms in the united States increased from 100 acres in 1920 to 700 acres in 1980.Let be the average size x y
Andre45 [30]

Answer:

1950

Explanation:

8 0
2 years ago
Read 2 more answers
Harrington Company has two products: A and B. The annual production and sales of Product A is 1,750 units and of Product B is 1,
Molodets [167]

Answer:

The overhead cost assigned to each unit of product B is $46.2 per unit.

Explanation:

Overhead absorbed in each product B can be calculated as under:

Overhead Absorbed = Overhead Absorption Rate * Absorption Basis

Here in this question, the absorption basis is Direct labor hours. So the direct labor hour per unit of Product B is 0.7 Hr and the OAR is $66.

By putting values in the above equation, we have:

Overhead Absorbed = $66 per unit * 0.7Hrs = $46.2 per unit

3 0
3 years ago
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