The forces underlying supply and demand interact to determine the market price.
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The persons involving in the activities of trading comprises the market system. It includes sellers, buyers and others involved in trading process. They also includes the buyers, consumers, producers who are the major players of the market system who determines the economic activity in it.
The supply and demand law is the major determinant of the production of goods and services in a market economy. The natural resources, land, capital and labor are the supplies. The purchasing power of the government, consumers and business are the demands. The forces underlying supply and demand interact to determine the market price.
Answer:
Check the explanation
Explanation:
As per the beta distribution, the average revenue per year = (Pessimistic +4*Most Likely +Optimistic) / 6
Avg revenue per year = (460000 + 4*660000 + 840000) / 6 = 656666.67
MARR = 12%, life = 9 yrs
NPW = -4000000 + 656666.67 * (P/A,12%,9) + 40000 * (P/F,12%,9)
= -4000000 + 656666.67 * 5.32824 + 40000 * 0.36061
= 7498877.6+14424.4
= -433415.60
= -433000 (nearest 1000)
The entry to replenish the petty cash fund will include a credit to cash for $385.
What is petty cash fund?
When regular purchasing techniques are impractical, such as when buying office supplies or paying employees, a tiny sum of money called petty cash is utilized instead.
The entry to replenish the petty cash fund amount will include:
Fund amount : $450 - Used
Fund amount :$450 - $382 = 68
cash on hand - remaining ; $68 - $65 = $3
Used + remaining ; $382 + $65 = 385
As a result, a credit to cash for $385.
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Answer:
the principal amount at a rate of 4% is 2000
principal amount at a rate of 3.5% is 4000-2000 =2000
Explanation:
We have given total amount borrowed = $4000
Let x amount is borrowed at a rate of 4%
So $4000-x is borrowed at rate of 3.5%
Total interest = $150
We know that simple interest 
So 
0.5 x=1000
x = 2000
So the principal amount at a rate of 4% is 2000
And principal amount at a rate of 3.5% is 4000-2000 =2000
The stage of team development during which a group sets guidelines about issues like attendance and punctuality is the norming stage.
What is norming stage of team development?
During the norming stage, agreement arises over the identity of the leader or leaders and the responsibilities of each member. A sense of coherence and unity begins to emerge when interpersonal conflicts start to be resolved. As members start to work together and begin to concentrate on the team's objectives, team performance improves at this stage.
What happens in the norming stage of team development?
Members become more focused on the team's objectives and exhibit a rise in productivity throughout the Norming stage, both in their individual and group work. The team can decide that now is the right time to assess their working methods and productivity.
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