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3 years ago

Economic efficiency in a competitive market is achieved when

Business

2 answers:

Ludmilka [50]3 years ago

6 0

Answer:

when you operate with your own products

Explanation:

economically doing well on business and people loving the pricws

sergiy2304 [10]3 years ago

6 0

Answer:

The correct answer is letter "A": the marginal benefit equals the marginal cost from the last unit sold.

Explanation:

Economic efficiency is achieved if resources are distributed optimally to reduce waste and best serve each person in that economy. In economic technical terms, there will be the same level of marginal benefit and marginal cost. When Economic Efficiency exists, the cost of manufactured goods is the lowest possible and any change would affect any given consumer in the market.

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When a periodic inventory system is used a.both revenue and cost of goods sold are recorded each time a sale is made. b.only the

Hoochie [10]

Answer:

D) only revenue is recorded each time a sale is made.

Explanation:

When a company uses a periodic inventory system, the cost of goods sold is calculated only after the physical inventory count is completed. This physical count is done periodically and may happen once every few months or even once a year.

The periodic system is obsolete nowadays and cheaper technological solutions make it easier for companies to use a perpetual inventory system which is much better in every possible way.

8 0

3 years ago

Why does an unsecured loan have a higher interest rate than a secured loan?

Tomtit [17]

Answer: A

Explanation: There is a higher risk for banks when they give an unsecured loan. Secured loans have a collateral to back the loan, whereas unsecured loans are not a secure (hence the name).

Hope this helps!

6 0

3 years ago

You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to in

trasher [3.6K]

Answer:

You will receive $201.38 more interest if the investment is made with a compound interest rate rather than a simple interest rate.

Explanation:

Simple interest rate

We can calculate how much interests you'd obtain if you deposited the $2,600 in a simple interest rate account.

We start using the following formula for calculating the simple interests:

$I=P * r$

Where:

I are the interests per year,

P is the amount being invested,

r is the interest rate.

Replacing in the formula with the given values we have:

$I=2600*0.05=130$

We then proceed to multiply this result by the given number of years, which is 8. We get $130*8=1040$ .

Finishing with the simple interest rate, if we wanted to know how much is the investment worth at the end of a 8 year period, we must merely add the principal (the $2,600) to the total interests after the end of the period ($1040). So $2600+1040= 3640$ .

We'll use these results later.

Compound interest rate

The formula for compound interests is the following:

$I=P(1+r)^n$

Where:

I is the value of the investment after n years,

P is the principal amount being invested,

r is the interest rate,

n are the number of years the investment is compounded.

Replacing in the formula with the given values we have:

$I=2600*(1+0.05)^8=3841.38$

After the 8 year period, the investor will have $3841.38 in it's compounded interest account.

Comparing these results

We can simply substract the value of both investments at the end of a 8 year period, to determine how much more interest does the compound interest rate account give in relation to a simple interest rate account.

The values we've gotten were:

$3,640 for the simple interest rate account, and

$3,841.38 for the compounded interest rate account.

$3841.38-3640=201.38$ . Therefore the answer is: the account that pays compounded interests will pay $201.38 more to this invididual, compared to an account that pays simple interest.

8 0

3 years ago

The 2021 income statement of Adrian Express reports sales of $20,710,000, cost of goods sold of $12,600,000, and net income of $

Verizon [17]

Answer:

Adrian Express

1. Five Profitability Ratios:

Gross profit ratio: = 39.2%

Return on assets = 20%

Profit margin = 9.6%

Asset turnover = 2.1 times

Return on equity = 37.4%

2. I think the company is:

Less profitable

than the industry average.

Explanation:

a) Data and Calculations:

Sales Revenue $20,710,000

Cost of goods sold $12,600,000

Gross profit $8,110,000

Net income $1,980,000

ADRIAN EXPRESS

Balance Sheets

December 31, 2021 and 2020

2021 2020

Assets

Current assets:

Cash $840,000 $930,000

Accounts receivable 1,775,000 1,205,000

Inventory 2,245,000 1,675,000

Current assets $4,860,000 $3,810,000

Long-term assets 5,040,000 4,410,000

Total assets $ 9,900,000 $8,220,000

Liabilities and Stockholders' Equity

Current liabilities $ 2,074,000 $1,844,000

Long-term liabilities 2,526,000 2,584,000

Common stock 2,075,000 2,005,000

Retained earnings 3,225,000 1,787,000

Total Equity 5,300,000 3,792,000

Total liabilities & stockholders' equity $9,900,000 $8,220,000

Industry averages for the following profitability ratios are as follows:

Gross profit ratio 45 %

Return on assets 25 %

Profit margin 15 %

Asset turnover 8.5 times

Return on equity 35 %

Gross profit ratio: = Gross profit/Sales * 100

= $8,110,000/$20,710,000 * 100

= 39.2%

Return on assets = Net income/Assets * 100

= $1,980,000/$9,900,000 * 100

= 20%

Profit margin = Net Income/Sales * 100

= $1,980,000/$20,710,000 * 100

= 9.6%

Asset turnover = Sales/Total Assets

= $20,710,000/$9,900,000 = 2.1 times

Return on equity = Net Income/Total Equity * 100

= $1,980,000/$5,300,000 * 100

= 37.4%

6 0

3 years ago

Alex left his position as a manager for Macy's after two years. He complained of being burned out from having to fulfill too man

devlian [24]

Answer:

d. delegation.

Explanation:

Delegation: In management, delegation is described as any of the assignment related to an authority figure that is being given to another individual, for example, a task or assignment given by a manager to his or her subordinate to lead a few specific activities. Delegation is determined as one of the different concepts related to "management leadership". Therefore, an individual who is being delegated a specific work tends to remains "accountable" for the output of the "delegated work".

As per the question, Alex probably never learned to use the tool of delegation.

4 0

3 years ago