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kirill115 [55]
3 years ago
5

Explain why voluntary transactions improve social welfare. What happens if transactions are forced? Can consumers get more or le

ss happiness (holding their income/wealth constant) if they are forced intotransactions they don’t want versus being able to choose what transactions they participate
Business
1 answer:
tatiyna3 years ago
8 0

Answer:

Voluntary Transaction can be understood as: Voluntary transactions enhances social welfare by enabling suppliers and consumers to willingly participate in market transactions together.

When the transactions are forced, market transactions will reduce/decrease as a result of suppliers and consumers not being able to participate jointly willingly again.

This ultimately favors the consumers as they would gain more happiness if they would be be allowed to select what transactions they participate in.

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Which of the following is not one of the steps for recognizing revenue? Identify the performance obligations of the contract. Id
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Answer:

The answer is letter "D": Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods.

Explanation:

There are five steps for revenue recognition established by the Financial Accounting Standards Board (<em>FASB</em>) which are: <em>Identifying the contract with a customer; Identifying the performance obligations in the contract; Determining the transaction price; Allocating the prices to the performance obligations </em>and<em>; Recognizing revenue.</em>

In that sense, estimating the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods has nothing to do with it.

4 0
3 years ago
The first step in the human resource planning process is forecasting. Forecasting is an attempt to determine the supply and dema
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Answer:

Missing word <em>"Roll over each of the items below to read about the proportion of marketing employees at different times. Then drag each item into the correct position in the matrix."</em>

Note: The matrix in the question is attached as picture below

Year                                            2016

                   Sales mgr        Sales Rep         Sales asst.         Not in

                                                                                              Organisation

<em>2012</em>

Sales           Maintain         Management        Manager         Manager

manager    Management  Representative     Assistant        Turnover

                    Position             Demotion           Demotion

Sales Rep   Sales Rep      Maintain Rep       Rep assistant     Sales Rep

                    Promotion        Position               Demotion

Sales          Asst manager   Management    Maintain asst.     Sales Asst

assistant     Promotion          Promotion         position             Turnover

Not in        Manager New   Sales Rep          Sales Assistant

Organi-       Hire                   New Hire            New Hire

sation

7 0
3 years ago
Jenna is the beneficiary of a fund of 20,000 that pays her 1,000 at the end of each month. The fund earns 6% compounded monthly.
olchik [2.2K]

Answer:

Given

Fund Amount P=20000

Payment each month A=1000

Interest rate per month r=6%/12=0.5%

Let B is balloon payment and N is the total number of Payment

so P=A*(1-(1+r)^-(N-1))/r + B/(1+r)^N

20000=1000*(1-(1+0.5%)^(N-1))/0.5% + B/(1+0.5%)^N

By using the trial and error method we find that N=21

So B/(1+0.5%)^21=1012.53

B=1124.39

6 0
4 years ago
Managers responding to the needs of the local education system as a normal or routine aspect of its operations is an example of
svlad2 [7]

Answer:

transforming stage

Explanation:

Transformation requires not breaking up the team but relocating on to the other tasks and goals instead. Once changes occur, these stages can be cyclical, such as introducing a new member of the team or changing some other team component that can alter how well the team functions.Thus, we can conclude that the given case depicts the transformation stage.

6 0
3 years ago
A machine shop produces metal brackets on two different machines. Machine 1 can produce a bracket every 10 minutes. Machine 2 ca
KIM [24]

Answer:

10.5 is the average productivity per machine.

Explanation:

To calculate the average productivity per machine, the following steps will be taken

Step 1: Calculate the number of brackets produced per hour for Machine 1

The formula is 60 Minutes (total number of minutes in an hour) / 10 Minutes (total time it takes to produce a bracket)

=60/10 = Machine 1 can produce 6 brackets per hour

Step 2: Calculate the number of brackets produced per hour for Machine 2

The same step as machine 1 in step 1 is also taken

= 60 Minutes/ 4 Minutes = Machine 2 can produce 15 brackets per hour.

Step 3: Now calculate the average productivity per machine

To do this, add the number of bracket produced by each machine and divide by 2

= 6 + 15 = 21/2

= 10.5

.

7 0
3 years ago
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