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3 years ago

Explain how the forms of demand supply will eliminate a market surplus

Business

1 answer:

crimeas [40]3 years ago

4 0

Answer and Explanation: 1

Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.The market attempts to resolve the surplus by pushing the price down until it is at its equilibrium. A lower price will reduce the quantity supplied and increase the quantity demanded.

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Based on predicted production of 21,000 units, a company anticipates $357,000 of fixed costs and $309,750 of variable costs. the

Alinara [238K]

Calculate fixed cost per unit
357,000÷21,000=17 per unit
Fixed cost for 19000 units
17×19,000=323,000

Calculate variable cost per unit
309,750÷21,000=14.75
variable cost for 19000 units
14.75×19,000=280,250

So the answer is
$323,000 fixed and $280,250 variable

Hope it helps!

8 0

3 years ago

When a human resource department is considering available talent within the company, which of the following will it use to deter

attashe74 [19]

Answer:

The answer is "b" - replacement chart.

Explanation:

The answer is replacement chart.

When a company prepares a chart on various positions in the company ,it's current employees , it's requirements , potential replacements for those employees , it is known as a replacement chart. Hence when the HR department is considering the available talent within the company to determine the successor of a key personal it refers the replacement chart to get the list of replacement available. Hence the answer is replacement chart, b.

Skills inventory:

A skills inventory is a compilation of the skills, education and experiences of current employees. Organizations use these inventories to assess whether current staff can meet company goals. Understanding the company's pool of current skills/talents and future skill requirements aids in strategic planning efforts.

Human resource forecast:

Human resources (HR) forecasting involves projecting labor needs and the effects they'll have on a business. An HR department forecasts both short- and long-term staffing needs based on projected sales, office growth, attrition and other factors that affect a company's need for labor.

5 0

3 years ago

You want to have $13,000 in 9 years for a dream vacation. If you can earn an interest rate of .4 percent per month, how much wil

alexdok [17]

Answer:

PV= $8,447

Explanation:

Giving the following information:

Future value= $13,000

Number of months= 9*12= 108

Interest rate= 0.4/100= 0.004 compounded montlhy

To calculate the initial investment required, we need to use the following formula:

PV= FV/(1+i)^n

PV= 13,000/(1.004^108)

PV= $8,447

7 0

3 years ago

According to the article by Hutchinson, Farris and Anders (2007), cash-to-cash analysis is difficult because financial data and

Margarita [4]

Answer:

False

Explanation:

"Cash-to-cash Analysis and Management" by Hutchinson, Farris and Anders talks about the availability of the financial data and computer technology in assisting a business when it comes to determining its cash-to-cash position (C2C), as well as the benchmarks needed for comparison.

Cash-to-cash analysis was difficult in the past, however, it is easier nowadays. The supply chain is even examined at a broader view than before. C2C efficiency is possible by utilizing the readily available financial date and computer technology. So, this makes the statement above as "false."

So, this explains the answer.

6 0

3 years ago

Managers are constantly seeking out new tools to meet new challenges. Indicate whether today’s manager’s are more or less aware

Galina-37 [17]

Answer:

Customer relationship management system (CRM)

Explanation:

A CRM system is what keeps the customer coming back. Instead of targeting each customer with a default bundle of products that are trending, the customer relationship management system tracks down the customer's habits and preferences, creating a tailor-made approach. Every customer is different in things he/she wants to buy. This way, marketing gets more customized and customer statistics generates better reports (more insight for the long-term).

7 0

3 years ago