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3 years ago

Impact of 2020 lockdown on world's business economy?

1 answer:

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Many businesses have been forced to reduce operations or shut down, and an increasing number of people are expected to lose their jobs.
Companies in the services industry, a major source of growth to many economies, were among the hardest hit in the coronavirus pandemic.
Manufacturers have also been hit, and world trade volume could once again plummet this year.
“Lockdown,” brought much of global economic activity to a halt, hurting businesses and causing people to lose their jobs.

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Joe's Juice Shop operates in a monopolistically competitive market. Joe's is currently producing where its average total cost is

mars1129 [50]

Answer:

decrease and average total cost to increase

Explanation:

Based on the information provided within the question it can be said that in this scenario we would expect Joe's output to decrease and average total cost to increase. This is mainly due to the fact that Joe's Juice Shop is in a monopolistically competitive market meaning that one company controls and dominates the entire market which will ultimately put Joe's Juice Shop out of business.

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3 years ago

Read 2 more answers

The type of engine that contains 2 camshafts mounted in its cylinder head is called a/an A. overhead camshaft engine. B. push ro

vampirchik [111]

C.

Hope this help! :3

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3 years ago

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Which statement is false? a. Characteristics that would make a misstatement material include: The relative size of the misstatem

Sergeeva-Olga [200]

Answer:

The correct option is "d." Characteristics that would make a misstatement material include: The misstatement makes it probable that the judgment of a reasonable person relying on the information would have been changed or influenced by the omission or misstatement.

Explanation:

A misstatement is a false or incorrect statement. So a material misstatement is a significant statement that is false or incorrect. In the context of a financial audit, a material misstatement is untrue information in a financial statement that could affect the financial decisions of one who relies on the statement.

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3 years ago

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According to the least preferred coworker (LPC) scale of Fiedler’s model of leadership styles, if the leader describes the least

blagie [28]

Answer:

The correct answer is a. is relationship-oriented.

Explanation:

This type of leadership takes people and their development in the work team into account. Collaborative and participative work is allowed within its functions, where the appreciations and comments of all people are considered and it is built based on experiences. Everyone has decision-making power, that is, they can carry out tasks in the way they feel best and have the power to support other areas without the need for the boss or leader to participate.

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3 years ago

Ivanhoe Company reports the following operating results for the month of August: sales $392,000 (units 4,900), variable costs $2

Norma-Jean [14]

Answer:

The best course of action is to increase the selling price by 10%.

Explanation:

Giving the following information:

sales $392,000 (units 4,900)

variable costs (247,000)

fixed costs (96,000)

Current net income= 49,000

First, we need to calculate the unitary selling price and variable cost:

Selling price= 392,000 / 4,900= $80

Unitary variable cost= 247,000 / 4,900= $50.41

Now, we will calculate the impact on net income of each variation:

Increasing selling price by 10%:

Selling price= 80*1.1= $88

Effect on income= 8*4,900= $39,200 increase

Reduce variable costs to 57% of sales.

Unitary variable cost= 80*0.57= $45.6

Effect on income= (50.41 - 45.6)*4,900= $23,569 increase

Reduce fixed costs by $22,000.

Effect on income= $22,000 increase

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3 years ago