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Margaret [11]
3 years ago
6

Economic efficiency in a competitive market is achieved when:_________.

Business
1 answer:
Vsevolod [243]3 years ago
3 0

Answer:

D.) producer surplus equals the total amount firms receive from consumers minus the cost of production

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In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsid
timofeeve [1]

Answer:

Correct answer:

b) lower prices for consumers and producers

Explanation:

In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).

<em>The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.</em>

6 0
3 years ago
In applying the path-goal theory as a leader, you try to motivate your subordinates by helping them cope with environmental unce
antiseptic1488 [7]

Answer:

B

Explanation:

Rather than a leader using the situational approach in order to adapt their leadership style to meet the changing needs and development level of their followers, it is often times more beneficial for a leader to choose their behaviors and leadership style based on the characteristics of their followers and the work setting (North Ouse, 2016, p.93). The path-goal theory is a contingency theory that allows leaders to choose a leadership style that will motivate their followers to reach their goals, and help them steer clear of any obstacles they may come across in the process (Pennsylvania State University, 2019).

3 0
3 years ago
Which of the following measures the length of time it takes to acquire, sell and replace inventory?a. inventory turnoverb. numbe
LekaFEV [45]

Answer:

Inventory Turnover

Explanation:

This is an example of inventory turn over ratio.

By definition an inventory turnover ratio measures the number of times the the company has sold and replaced the inventory.

It is calculated by the following formula,

Inventory Turnover = Cost of goods sold / Average inventory.

All the other options are irrelevant in context with the definition provided.

Hope that helps.

5 0
4 years ago
Business Course
storchak [24]

Answer:

+254743503332....app me

7 0
2 years ago
Mandesa, Inc., has current liabilities of $8 million, current ratio of 2 times, inventory turnover of 12 times, average collecti
Brut [27]

Answer:

The answer is: Cash and marketable securities $5,406,393

Explanation:

We have:

+ Current ratio = Current asset / Current liabilities = 2; with Current liabilities is given at $8 million => Current asset is $16 million;

+ Current asset = Inventory + Account Receivable + Cash and marketable securities <=> Cash and marketable securities = $16 million - Inventory - Account Receivable ( as current asset is calculated above at $16 million)

+ Average collection period = Account Receivable/ Credit Sales x 365 <=> Account Receivable = Average collection period/365 x Credit sales = 30/365 x 64 million = $5,260,274

+ Inventory turnover = Sales / Inventory <=> Inventory = Sales/ Inventory turnover = 64 million / 12 = $5,333,333

=> Cash and marketable securities = 16,000,000 - 5,333,333 - 5,260,274 = $5,406,393.

5 0
3 years ago
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