An increase in demand and a decrease in supply will cause an increase in equilibrium price, but the effect on equilibrium quantity cannot be detennined
<h3>What is
equilibrium price?</h3>
In economics, economic equilibrium is a state in which economic forces such as supply and demand are balanced and the values of economic variables do not change in the absence of external influences.
Equilibrium is the economic condition in which market demand and market supply are equal to each other, resulting in price stability. Normally, when the supply of goods and services exceeds the demand over time, the price falls, resulting in more demand.
Microeconomic and macroeconomic equilibrium are two types of economic equilibrium. Supply and demand between buyers and sellers are balanced in microeconomics. An economy achieves aggregate demand and aggregate supply balance through macroeconomics. Competitive prices are an essential component of the theory.
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Answer:
The four levels of managers are:
- entry level managers, e.g. supervisors
- low level managers, e.g. store managers
- middle level managers, e.g. division manager
- upper level managers, e.g. CEO, CFO, COO
The higher the position on the organizational pyramid, the tasks and responsibilities also differ. Entry level managers generally supervise the tasks of entry level workers, e.g. sales clerks.
Low level managers generally have both supervisory and general management functions, e.g. a store manager must make sure that everyone does their job properly, but also must make administrative decisions like hiring, overseeing inventory, etc.
Middle level managers are generally functional managers, meaning that they are in charge of a certain area within the organization, e.g. human resources, finances, marketing, etc.
Upper level managers are responsible for developing the organization's strategies and long term goals, their focus should always be on the big picture and the future of the organization, not just one part of it.
Answer:
The most applicable answer is (C) blow the whistle after all internal avenues fail to stop the violations
Explanation:
However, before whistle blowing, as a professional adhering to a stringent code of ethics that is there to protect the stake holders and the professional reputation of the members, you must always try to resolve the matter internally without exposing it to the general public, as it is unfair to disrepute an entire organization because of a few corrupt people.
If this is difficult, then u should go to the relevant national authorities and try try to legally fave the issue. If that is not working, then u should blow the whistle.
Answer:
Jan 15 Land $45,000 Dr
Building $95,000 Dr
Common Stock at par $100,000 Cr
Paid in Capital in Excess
of Par, Common Stock $40,000 Cr
Explanation:
The assets are recognized by a company at the market value on the day of transaction. The market value of land and building was $140,000 (45000 + 95000). Thus, the stock issued against these assets was issued at $14 per share ($140000/10000) and a premium of $4 / share was received.
The Land is debited by $45000 and building by $95000 while we credit the common stock at par value $100000 and credit the premium $40000.
Answer:
$80
Explanation:
Contribution per unit is a strategy of calculating incremental profit of a unit of an item sold to cover the fixed costs and the overall profit.
This is done by deducting the unit variable cost form the unit selling price.
Workings.
Unit selling price = $100
Unit variable cost = $20
Contribution per unit = $(100-20)
$80
