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3 years ago

When the "invisible hand" guides economic activity, prices of products reflect______________.

Business

1 answer:

FinnZ [79.3K]3 years ago

7 0

Answer:

b) both the values that society places on those products and the costs to society of producing those products

Explanation:

When the "invisible hand" guides economic activity, prices are known as equilibrium prices.

Equilibrium price is found where the demand curve intersects with the supply curve .

Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.

I hope my answer helps you

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Your friend brought up an investment opportunity that will generate cash flows of $5,000, $5,300, and $6,000 next three years, r

ahrayia [7]

Answer:

The most I could pay for the investment is $12,960.09

Explanation:

The maximum a rational investor could pay acquire an investment is the present value of all future cash flows receivable from the investment.

In the case, the present of all cash flows is calculated thus:

Years Cashflows [email protected] 12% PV

1 5000 0.892857143 4,464.29

2 5300 0.797193878 4,225.13

3 6000 0.711780248 4,270.68

Total of present values 12,960.09

The discounting factor is calculated using the formula :

1/(1+r)^n where r and n are rate and number of years respectively.

8 0

3 years ago

Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house

aev [14]

Answer:

$532,500

Explanation:

The question is to compute the Statement of Cost of Services Sold for Happy Home Helpers Inc.

To compute this statement, the approach is to sum all direct costs associated with the service provided by the firm.

Particulars Amount Amount

Opening Inventory Of Materials $4,000

Add: The Purchase of Direct Materials $<u>25,600</u>

Direct Material available $29,600

Subtract: Closing Inventory of materials <u> ($2600)</u>

The Direct Material Used for the year $27,000

Add:

Direct Labour Cost $472,500

Variable Overhead Cost $15,000

Fixed Overhead cost $18,000

$505,500

The Cost of Services of HHH Inc $532,500

7 0

3 years ago

Ted was dissatisﬁed with his job. He said that the company policy, superxisior; and working conditions were responsible for his

nalin [4]

Answer:

The correct answer is B

Explanation:

As the Ted was dissatisfied with the job because of the working conditions, policy of company and supervision. And as per the theory of the Frederick Herzberg, the study indicate that the certain factors of the job are related to the job satisfaction whereas the other factors lead to job dissatisfaction.

In accordance with the theory, the motivating factors are the intrinsic elements of the job that lead to satisfaction like achievement, affiliation, growth and responsibility. And the hygiene factors are the extrinsic elements of the work environment.

Therefore, the extrinsic factors which is hygiene factor or elements of the work environment will not serve as the source of the employee motivation or the satisfaction

5 0

2 years ago

Monitor Muffler sells franchise arrangements throughout the United States and Canada. Under a franchise agreement, Monitor recei

Sliva [168]

Answer:

1. $163,800

2. Dr Cash $ 89,000

Dr Notes receivable $ 671,000

Cr Deferred revenue $ 760,000

3. $ 607,120

Explanation:

1. Computation of the amount that Monitor would calculate as the stand-alone selling price

Total amount of franchise agreement $760,000

Less: stand-alone selling price of training $ (18,200)

Less: stand-alone selling price of building and equip $ (578,000)

Stand-alone selling price of five-year right $163,800

2. Preparation of journal entry that Monitor would record on July 1, 2016,

Dr Cash $ 89,000

Dr Notes receivable $ 671,000

(760,000-89,000)

Cr Deferred revenue $ 760,000

3. Calculation for the amount of revenue that Monitor would recognize in the year ended December 31, 2016,

Revenue to be recognised on:

1st Sep 2021:

Training $ 18,200

Building and Equipment sale $ 578,000

31st Dec 2021:

$163,800/60 Months*4 Months $ 10,920

Total Revenue to be recognized $ 607,120

Note that five-year will give us 60 months (5*12months and September to December will give us 4 months

6 0

2 years ago

Rene would like to explore a career that would allow her to work with customers or clients. Which two of the following careers a

natima [27]

I believe the answer is:

(B)radio announcer

(D)graphic designer

It is very common for Radio announcer to invite and interview guests and They are basically interacting with clients and fulfilled the client's wish regarding how their products need to be advertised.

Graphis designer, also require constant interaction with the customers in order to know whether the desing that is made by the designer is suitable with the image that the customers have in mind.

3 0

3 years ago

Read 2 more answers