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ioda

2 years ago

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What is Market

Business

2 answers:

Novay_Z [31]2 years ago

8 0

Answer:

market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any trade-able item to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights of services and goods. Markets generally supplant gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for sale.

Explanation:

hope it helps.

have a great day

Brums [2.3K]2 years ago

6 0

Answer:

market is a very business place

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At the beginning of the current accounting period Blazer Company had a $40,000 balance in its Finished Goods Inventory account.

Salsk061 [2.6K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning finished goods inventory= $40,000

During the period cost of goods manufactured amounted to $280,000. The ending balance in the Finished Goods Inventory account was $42,000.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 40,000 + 280,000 - 42,000

COGS= 278,000

4 0

3 years ago

According to Maslow, when Clorox wipes highlight the germ-harboring aspect of conventional sponges, it is addressing

Marina86 [1]

Answer:

According to Maslow, when Clorox wipes highlight the germ-harboring aspect of conventional sponges, it is addressing

C. Physiological Need for Health

Explanation:

According to Maslow's Need of hierarchy, humans move from

Physiological Needs: Basic biological needs, like air, water, food, shelter, clothing, primary health needs etc

Safety Needs: Need of personal security, property, resources etc

Need of Belonging: Having friends, family, people to talk to with etc

Esteem Needs: Need for self respect, freedom, status, recognition etc.

Self-actualization Need: Reaching the heights where one can go and attaining the most highest form of something which one desires.

After reading all the above needs, it is very much clear in understanding that Clorox wipes highlighting the germ-harboring aspect of conventional sponges, is addressing the Physiological Need for Health.

7 0

3 years ago

At best buy they have a 42" TV that sells for $1250 and is on sale 15% and sales tax is 6.5%.What is the final cost?

lys-0071 [83]

First, calculate the discount.

15% of 1250 is 187.5

Then, subtract 187.5 from 1250.
You get 1062.5

Next, to calculate the sales tax. I'm not 100% sure if you're supposed to do this before the discount or after, I'm just assuming after.

Anyway,

6.5% of 1062.5 is approxamately 69.06.

Add that to 1062.5 to get the final answer of $1131.56

7 0

2 years ago

If the inverse demand function is:

Vesnalui [34]

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

8 0

3 years ago

On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of

polet [3.4K]

Answer:

Polo will report $318,750 as its investment in Stallion at December 31, 20X8

Explanation:

Common stock = $300,000 acquired at 75%

Net income = $40,000

Pay dividends = $10,000

Increase in value of Patent = $50,000

Economic Life = 10

Amortization = $5,000

Therefore, the $ 5000 would be reduced from the net income.

Investments in Polo = $300,000 + [0.75 × (40000 - 10000 - 5000)]

= $300,000+ 0.75(25,000)

= $300,000+ $18,750

= $318,750

7 0

3 years ago