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VMariaS [17]
2 years ago
5

Traditional savings account typical minimum balance

Business
1 answer:
Gwar [14]2 years ago
4 0

Answer:

click the image

Explanation:

I hope it help.

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Which of the following is not a function of prices in a market system? Group of answer choices Prices send signals to buyers and
Sedaia [141]

Answer:

Prices ensure an equal distribution of goods and services among consumers.

Explanation:

The price mechanism helps in the efficient allocation of resources. There are a number of functions performed by the price mechanism. Prices send signals regarding resources. An increase and decrease in prices reflect surplus and deficit.  

Price balances the demand and supply of a product. Price is inversely related to demand and positively related to the supply of a product. It is determined by the interaction of demand and supply and helps in balancing supply and demand.  

For instance, an increase in demand would increase the price, this higher price will motivate the suppliers to increase quantity supplied thus balancing demand and supply.  

Price helps in coordinating economic activities and helps buyers and sellers in decision making. However, they do not help in equal distribution of goods and services among consumers.

6 0
2 years ago
Gelb Company currently manufactures 49,500 units per year of a key component for its manufacturing process. Variable costs are $
kirill [66]

Answer:

Incremental cost= $61,875

Explanation:

Giving the following information:

Gelb Company currently manufactures 49,500 units per year of a key component for its manufacturing process. Variable costs are $5.15 per unit, fixed costs related to making this component are $75,000 per year, and allocated fixed costs are $70,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.90 per unit

We need to determine whether it is more convenient to produce the component or outsource it. We will only consider the relevant costs, therefore the fixed costs will not be taken into account.

Make in house:

Cost= 49,500*5.15= $254,925

Buy:

Cost= 49,500*3.90= $193,050

Incremental cost= 254,925 - 193,050= $61,875

8 0
3 years ago
How a product or service will be conceived or designed, how much it should cost, where and how it will be promoted, and how it w
Allisa [31]

Answer:

Marketing Plan

Explanation:

The marketing strategy of the company is one of the most crucial components of development and growth for the company.

It includes all the activities in which the company makes a strategy and plan of how shall the product be developed, what should be an approximate level of acceptance of cost, and further how it shall be ultimately delivered to maximum consumers.

It is thus, comprised of various steps involved as it relates to a complete task from the beginning to the end of producing and delivering the product.

6 0
3 years ago
According to the video, what qualities do Loading Machine Operators need? Check all that apply.
dimulka [17.4K]

Answer:

B and C

Explanation:

Edge 2021

7 0
2 years ago
A local club is selling christmas trees and deciding how many to stock for the month of december. if demand is normally distribu
Ierofanga [76]

Answer:

.60

Explanation:

8 0
3 years ago
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