Answer:
1. Debit Income tax expense for $143 million; Credit Deferred tax liability for $78 million; and Credit Income tax payable for $65 million.
2. Patterson's 2021 net income is $387.
Explanation:
Note: There is an error in the question because of date inconsistency. Therefore, 2021 upward is used in the answer to ensure date consistency.
1. Prepare the appropriate journal entry to record patterson's 2021 income taxes.
Note: See the attached excel file for the calculation of income tax payable and deferred tax liability.
The journal entry will look as follows:
Date General journal Debit ($'M) Credit ($'M)
31 Dec 2021 Income tax expense 143
Deferred tax liability 78
Income tax payable 65
(To record income tax payable.)
2. What is Patterson's 2021 net income?
This can be determined as follows:
Particulars ($'Million)
Pre accounting income 530
Income tax expense (143)
Net income 387
There are three important factors to consider in selecting a conversion strategy: risk, cost, and _____________.
the time required
system features
infrastructure
planning
performance
There are three important factors to consider in selecting a conversion strategy: risk, cost, and the time required.
What is an example of a conversion strategy?Conversions come in various forms, as follows: registering for email. completing a contact form visiting a few of your website's pages.
The actions used to convert resources into goods or services are included in a company's conversion processes. The following is a list of these resources: Materials, including a stockpile of raw materials. the human resources needed for operations, or labor.
A project conversion approach is what?A conversion strategy's main goal is to specify the general method that will be applied to transferring the necessary master and transactional data from legacy systems to the new solution. Almost invariably, some conversion takes place during system implementation.
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Beca Adventures provides tours of scenic locations in Oregon. The company expects tours taken to increase dramatically compared with the prior year. For the past year, 2020, the number of tours given were as follows: 7,000 First quarter Second quarter Third quarter Fourth quarter 9,000 8,000 10,000 w Assume that tours for each quarter in 2021 will be 32 percent higher than in 2017 and that the price per tour is $82. Prepare a sales budget by quarter for 2018. Enter your answers as amounts only with neither commas nor decimals. Third Quarter Fourth Quarter Second Quarter $ $ $ First Quarter Budgeted $ sales dollars Exercise 10-6. Covington produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales to be 13,600 bags in January, 14,800 bags in February, 21,600 bags in March, and 23,900 bags in April. There are 1,230 bags on hand at the start of January. Covington desires to maintain monthly ending inventory equal to 15 percent of next month's expected sales. Prepare the production budget for Covington for the months of January, February, and March. Enter your answers as amounts only with neither commas nor decimals. January February March Units to be produced
Top-rated half- and full-day sightseeing trips are available from Portland, OR, through Wildwood Adventures. Attend one of our open tours.
Which of the following describes the traits of a Mcq company?Consequently, a corporation can be described as an incorporated association, which is a legal fiction with limited liability, perpetual succession, a common seal, and a separate legal existence. It also has a capital that is divided into transferable shares.
What among the following is not a characteristic of the management process?
Collaboration is not a quality of management.
The planning, organizing, staffing, directing, and controlling tasks of management are continuously carried out by Suhasini, the general manager of Fabmart.
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g a combination of a contractionary fiscal policy and a contractionary monetary policy will output and unemployment in an economy.
Contractionary fiscal policy and the contractionary monetary policy both shift AD curve to the left.
What is a monetary policy?Maintaining price stability and public confidence in the currency's value and stability is the aim of monetary policy. It is a tactic used by a country's monetary authority to manage the money supply or the interest rate payable on extremely short-term borrowing, typically in an effort to cut inflation or the interest rate. As opposed to this, fiscal policy relies on taxes, government spending, and government borrowing as instruments for a government to influence business cycle phenomena like recessions. Monetary economics can provide some valuable insight into how to formulate the optimum monetary policy. In industrialized countries, monetary and fiscal policies are often made separately. The descriptions include both contractionary and expansionary monetary policies.
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an important diffrence between accounting and other business functions, such as marketing adn management, is that
The recording, classification, summarising, and interpreting of financial events and transactions to give management and other interested parties.
The information they need to make informed decisions is a key distinction between accounting and other business functions, such as marketing and management. The goal of marketing is to draw attention from the outside world to a business, its goods or services, and to generate sales as a result. Accounting, on the other hand, is concerned with monitoring, documenting, and creating financial statements based on a company's internal financial characteristics. Accounting documents a company's historical operations, whereas finance supports decisions about the firm's future.
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E-commerce ________ is the ability of an organization to create a strong presence among consumers in many places, with minimal time constraints, to sell them products and services.
prevalence
selectivity
presence
ubiquity
Option (d), The ability of a firm to establish a significant presence among customers in numerous locations, with little time pressure, in order to sell them goods and services is known as e-commerce ubiquity.
What does ubiquity in e-commerce mean?The term "ubiquitousness" refers to a company's capacity to establish a dominant presence among consumers through the products and services it provides. A company's ubiquity is greatly aided by the Internet and e-commerce, even though physical retail locations and conventional marketing techniques also help in this endeavor.
What effects do customers experience from the extensive use of e-commerce?From the standpoint of the consumer, ubiquitousness reduces transaction costs, or the expenses related to participating in a market. You are no longer required to travel to a market to conduct business, saving both time and money.
Consumers can explore things in a market for less money thanks to ubiquity. Regardless of where they are, consumers can get any information whenever and wherever they choose. A buyer no longer needs to travel to a market, saving them time and money.
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computing customer lifetime value (clv) involves three kinds of components: (1) numbers about money, (2) numbers about time, and (3) financing finesse.
Computing customer lifetime value (CLV) involves three kinds of components: (1) numbers about money, (2) numbers about time, and (3) a financing finesse is true.
Write a short note on customer lifetime valueCustomer lifetime value (CLV) is a metric that is used to describe how much money a company can expect to make overall from a typical customer during the duration that person or account stays a customer. Customer Value * Average Customer Lifespan equals Customer Lifetime Value. Calculating the average purchase value and multiplying it by the average number of purchases will yield CLTV, which stands for client lifetime value.
A central line (CL) for the average, an upper control line (UCL) for the upper control unit, and a lower control line (LCL) for the lower control unit are the three crucial parts of a statistical process control chart. The ideal way to determine CLV is to consider both the overall average income generated by a client and the overall average profit.
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T/F performance transparency ensures that the system finds the most cost-effective path to access remote data.
It is true that performance transparency ensures that system finds most cost-effective path to access the remote data.
What is transparency?Transparency is the practice of working in a way that makes it simple for others to observe what is done. It is an ethic that crosses science, engineering, commerce, and the humanities. Transparency involves accountability, openness, and communication. Companies, organizations, government agencies, and communities all practice transparency. A real-world illustration of transparency is when a cashier makes adjustments following a point of sale; they provide a record of the things bought as well as the customer's change. Transparency in information security refers to keeping the mysterious, underlying mechanisms hidden in order to avoid obstructing intended function, which is practically the reverse of what transparency means. It primarily refers to security features that are purposefully difficult to detect or obscured from view.
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The experience of the Great Recession showed that when the economy is in a recession, from a Keynesian perspective, the government can increase its spending O at the risk of crowding out private investment O without a need to rely on the expenditure multiplier effects O with minimal risk of crowding out private investment D
The experience of the Great Recession showed that when the economy is in a recession, from a Keynesian perspective, the government can increase its spending with minimum risk of crowding out private investment.
According to Keynesian macroeconomics, the solution to a recession is expansionary financial coverage, which includes tax cuts to boost spending and funding or direct increases in government spending that could move the aggregate demand curve to the right.
Keynesians hold that changes in any area of spending—consumption, investment, or government spending—motivate changes in output because expenses are particularly rigid. For instance, if government expenditure rises but all other spending factors remain same, output will soar.
Two main concepts form the foundation of Keynesian economics. First off, a short-term financial event like a recession is more likely to be caused by a combination call than a combination deliver. Second, salary and fees might be complicated, thus in a monetary downturn, unemployment can result.
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adriana graphic design receives $1,550 from a client billed in a previous month for services provided. which of the following general journal entries will adriana graphic design make to record this transaction?
Graphic Design by Adriana To document this transaction General journal entries will be made for Cash 2,550 and Accounts Receivable 2,550.
What exactly does the term "transaction" mean?
A finished agreement between such a seller and a buyer to transfer products, services, as well as financial assets in exchange for money is referred to as a transaction. A transaction is essentially an agreement between the two parties: a purchaser and a vendor. In exchange for the cash monies from the buyer, the seller provides a product or service. The more money transfers a company conducts, the more it can generate operating cash flow and pay its debts.
What are the different types of transactions?
Accounting transactions are classified into three types based just on exchange of cash: cash exchanges, non-cash money transfers, and credit transactions.
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discovery of user requirements, existing system evaluation, and logical system design are part of the _____ phase of the systems development life cycle (sdlc).a. planning
b. analysis
c. detailed systems design
d. implementation
Discovery of user requirements, existing system evaluation, and logical system design are part of the planning phase of the systems development life cycle.
What does planning generally mean?Planning is the process of establishing goals and objectives for a specific time period, generating alternatives for the course of action to be pursued, and ultimately selecting an appropriate action from among the different alternatives.
Why is it important?The first main task of management is regarded as planning. In this role, managers establish the objectives of the company and assign resources to help them be met. Therefore, planning will include outline all upcoming managerial duties.
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Interest parity implies that when the us interest rate is higher than the japanese interest rate, it follows that investors expect the us dollar to with respect to the yen.(possible choices: appreciate/depreciate/remain unchanged)
According to interest parity, when the US interest rate is greater than the JPY interest rate, it follows that investors anticipate an increase in the value of the US dollar relative to the JPY. As a result, choice (A) is acceptable.
What is interest rate party?Interest rate parity (IRP) is a hypothesis that states that the difference in interest rates between two countries is equal to the difference between the forward and spot exchange rates.
The primary equation governing the correlation between interest rates and exchange rates is interest rate parity. Interest rate parity's fundamental tenet is that hedged returns from investments in several currencies should be the same, independent of the interest rates associated with such investments. Forex traders utilize parity to look for arbitrage possibilities.
Hence, option (A) is accurate.
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a is a statement of what the system must do or characteristics the system must have. group of answer choices task process requirement model
A requirement is a statement of what system must do or characteristics the system must have.
Why are the requirements important?
A requirement is a declaration of the functions or qualities that the system must possess. The International Institute of Business Analysis (IIBA) defines a "requirement" as a condition or capability needed by a stakeholder to resolve an issue or accomplish a goal, whereas a "need" is a high-level illustration of the requirement needed.
The objective or goal is the need. They lay the groundwork for product's vision, scope, budget, and timeline, and they must ultimately focus on the end product's performance and quality. One of the most crucial elements of requirement management is the ability to trace requirements. It is also sometimes known as center of requirement management.
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Efficiency versus equity
The economy consists of two consumers, Jamal and Mitch. They have ordered a pizza and are deciding how to divide it between themselves. They have brainstormed a few solutions, and now they want to consult an economist to determine if their solutions are efficient and fair. Assume that a pizza consists of eight slices, and the more pizza Jamal and Mitch eat, the happier they are. One of their solutions is to divide the pizza in half, so each of them would get four of the eight slices. An economist would say this solution is O efficient but not fair O fair but not efficient O efficient and fair O neither efficient nor fair
Out of the choices provided above, it can be concluded to say that an economist would say that the solution given above is fair and efficient at the same time. Therefore, the option C holds true.
An economist can be referred to or considered as a person who is an expert in studies related to economics, whether microeconomics or macroeconomics. As per the general theory of economists, an economic solution is fair and efficient when the factors related to two different consumption are exactly homogenous in nature.
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in evaluating portfolio performance describe the general procedure with emphasis on benchmark employed
In order to evaluate the performance of a value-oriented portfolio, one would compare the return on such a portfolio with that of a benchmark portfolio that has value-style.
What does the term portfolio mean?A portfolio is a collection of financial investments such as stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). Most people think that the foundation of a portfolio is made up of stocks, bonds, and cash.
What belongs in my portfolio, exactly?Written and visual summaries of the key projects and works that you have overseen or worked on should be included in your portfolio. A description of your abilities, the approaches you've taken, the results of your work, any pertinent conclusions you've drawn, and/or lessons you've learned should also be included.
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Jeff has been a project assistant for XYZ Corporation for five years. Recently he was asked to train Harriet, a new employee. He suggests to her that she use an Excel worksheet to lay out the projects she is currently working on, and she complies. He is using _______ power.a. coercionb. referentc. expertd. rewarde. legitimate
For the past five years, Jeff has worked as a project assistant for XYZ Corporation. He was just requested to train Harriet, a new employee. He advises that she use an Excel spreadsheet to organize the tasks she is presently working on, and she agrees. He is using expert power.
What exactly is expert power?Expert power is derived by having a high degree of knowledge in your field of expertise. Expertise is a relative concept. This indicates that if two persons have different levels of expertise on the same issue, the one with greater knowledge has expert power. Expert power refers to an employee's capacity, regardless of seniority, to demonstrate competence in a subject or issue. For example, if no one else in the department understands how to use a certain software application but one person can, that individual has expert authority in that case.
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in addition to the president, the executive branch includes the ___ , the cabinet (heads of the executive departments), agencies, boards, and other commissions.
The vice president, the Cabinet (leaders of the executive departments), agencies, boards, and other commissions are all part of the executive branch in addition to the president.
What roles do the Vice President and the Cabinet play in the executive branch?In the event that it becomes necessary, the Vice President, who is a member of the Executive Branch, will assume the role of President. The Cabinet and autonomous federal agencies are in charge of the day-to-day application and enforcement of federal law.
What are the vice president's duties and powers?The vice president of the United States is the Senate's chief executive, as stated in the Constitution. The vice president, in addition to acting as the meeting's presiding officer, formally preside over the reception and tallying of electoral votes cast in presidential elections. Additionally, he or she is the only one with the power to end an impasse in the Senate.
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FILL IN THE BLANK unenforceable conditions or contract clauses and adversarial relations are risk conditions associated with the project _________management knowledge area.
Unenforceable conditions or contract clauses and adversarial relations are risk conditions associated with the project procurement knowledge area.
What are adversarial relations?When same or comparable goods or services are offered by rival providers and consumers and sellers are vying for market share, an antagonistic relation in purchasing and production develops. Adversarial partnerships are characterized by low levels of trust.
What does an adversarial relationship in procurement mean?When same or comparable goods or services are offered by rival providers and consumers and sellers are vying for market share, an antagonistic relation in purchasing and production develops. Adversarial partnerships are characterized by low levels of trust.
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When a firm implements the marketing concept to consider customer needs in its strategy, it then is said to have a _____ orientation.
When a firm implements the marketing concept to consider customer needs in its strategy, it then is said to have a market orientation.
segmenting the market. is a strategy used by businesses to split up big, heterogeneous markets into smaller ones that may be more profitably served with goods and services that are tailored to their particular requirements. target market. consists of a group of customers who the business chooses to cater to because they have similar wants or traits. Differentiation. a marketing approach in which a company chooses to target various market segments and provide unique offers for each. Pay attention to how the business may produce unique value for the targeted segments.
When a firm implements the marketing concept to consider customer needs in its strategy, it then is said to have a _____ orientation.
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In ____, when several activities need the same limited resource at the same time, the activities with the least slack have first priority.
a. resource monitoring b. resource limited scheduling c. resource evaluation scheduling d. resource leveling
The correct answer is (b) i.e. resource limited scheduling. Resource-limited planning is associate approach that considers the supply of resources once setting the beginning and end dates for a project.
Limited resource scheduling will cut back delays and make sure that your comes end on time. The goal of this planning technique is that it helps you develop the shortest schedule along with your resource constraints.
Basically resource planning refers to the set of actions and methodology utilized by organizations to expeditiously assign the resources they need to jobs, tasks or comes they have to finish, and schedule begin and finish dates for every task or project supported resource accessibility.
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identify which of the following is one of the reasonable explanations for the downward trend in the divorce rate, starting in about 1980, according to the text
Identify the cheap explanations for the downward trend within the divorce rate, beginning in regarding 1980, in keeping with the text.
Explanation(s): -Americans are becoming married later, after they area unit a lot of mature. -Fewer folks are becoming married, thus fewer folks are becoming unmarried .
We additionally assess various explanations for the increase in divorce rates throughout the late nineteenth century, as well as age structure, divorce law, urbanization, economic development, and foreign immigration, and that we realize that solely age structure and urbanization absolutely affected divorce rates at the side of the property acts.
Many studies administrated in Asian nation et al found that the vital causes of divorce rate domestic inharmoniousness, abuse of mate by husband or contrariwise or by their relatives, cruelty (physical or mental), adultery, impotency, barrenness, immoral conduct of the spouse equivalent, illicit relations, alcoholism, etc.
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if italy spends 10 hours producing a car and 5 hours producing a dryer, and spain spends 12 hours producing a car and 2 hours producing a dryer, then which of the following are true?
The statement that is true is Spain spends 12 hours producing car and 2 hours producing dryer.
What is production?A final product is created through the blending of several inputs, both material and intangible. Ideally, this output will be a good or service that makes people's lives more useful. Conceptually, consumption theory is related to production theory, a division of economics that focuses on production. The manufacturing process and outcomes are intimately related to how well the initial inputs are used. Land, labor, and capital—also known as the primary producers of goods and services—are the three main factors in production. These crucial inputs are not significantly altered by the output process or the end product, nor are they made a crucial component of it. How well needs are met is a widely recognized sign of economic health.
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Willing to provide the best breakfast under a minimum cost for a group of senior citizens, a company formulated a LP model. The breakfast needs to include at least 420 calories, 5 milligrams of iron, 400 milligrams of calcium, 20 grams of protein, 12 grams of fiber, and must have no more than 20 grams of fat and 30 milligrams of cholesterol. The firm has selected the following possible food items, whose individual nutrient contributions and cost from which to develop a standard breakfast menu are shown in the following table:
See the model as follows: Breakfast Food | Bran cereal (x1) = Dry cereal (x2) = Oatmeal (x3) = Oat bran (x4) = Egg (x5) = Bacon (x6) = Orange (x7) = Milk - 2% (x8) = Orange juice (9) = Wheat toast (x10) = Serving 0.00 0.00 1.02 0.00 0.00 0.00 0.00 1.24 0.00 2.98 Unit cup cup cup cup egg slice orange cup cup slice x3 = 4.5; x8 4.24; and x10 s 5.68; O x3 > 0.5; x8 > 0.24; and x10 > 0.68; O IV 4.5; x8 2 4.24; and x10 > 5.68; O x3 = 4.5; x8 = 4.24; and x10 = 5.68; O None of the above
The answer is none of the above, as constraint will improve diversification without not changing the cost too much.
What is diversification in investing?Investments are spread among a variety of financial instruments, industries, and other categories as part of the risk-reduction strategy known as diversification. By making investments in various sectors that would all respond differently to the same occurrence, it seeks to reduce losses. Diversification, according to the majority of investing experts, is crucial for achieving long-term financial goals while lowering risk, even though it cannot guarantee against loss.
First two options, these would give same optimal solution as given in the model as constraints condition won't change the model. For option 3 and 4, the cost will increase significantly since minimum serving will be more than doubled for each food (e.g. x3 is 1.02 in optimal model and will increase to >= 4.5 which will drive cost increase also). Hence, none of the option for constraint will improve diversification without not changing the cost too much.
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Suppose the following financial information is available for Walgreens. (in millions) 2022 2021 Average common stockholders' equity $13,663.0 $11,884.0 Dividends declared for common stockholders 490 395 Dividends declared for preferred stockholders 0 0 Net income 2.057 2,156 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%.) 2022 2021 Payout ratio % % Return on common stockholders' equity % %
The payout ratio for 2022 is 23.8% and the return on common stockholders' equity is 15.1%. The payout ratio for 2021 is 18.3% and the return on common stockholders' equity is 18.2%.
To calculate the payout ratio, we need to divide the dividends paid to common stockholders by the net income. For 2022, the payout ratio is:
(490 / 2,057) * 100 = 23.8%
For 2021, the payout ratio is:
(395 / 2,156) * 100 = 18.3%
To calculate the return on common stockholders' equity, we need to divide the net income by the average common stockholders' equity. For 2022, the return on common stockholders' equity is:
(2,057 / 13,663) * 100 = 15.1%
For 2021, the return on common stockholders' equity is:
(2,156 / 11,884) * 100 = 18.2%
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A small manufacturing firm has developed the following list of activities necessary to release a contract for a new plant. Immediate Activity predecessor time (days) A (1-2) B (1-3) C (1-4) D (2-3) E (2-5) F (3-5) G (3-6) Н(4-6) I (5-6) J (6-7) 67. Which activities are on the critical path ? a. A-E-I-J 6. 5 ? (a = 3; m = 4; b = 5) 4 B,D B,D 6. E,F G,H,I 3 2 b. A-D-F-I-J d. A-D-G-J c. B-G-J е. С-Н-J 68. The expected completion time of this project is: b. 17 c. 19 d. 20 e. None a. 16 69. In the CPM/PERT chart, the ES and LF for the activity F(3-5) is: c. 7, 11 d. 11, 16 b. 6, 11 a. 2, 11 e. None 70. In the CPM/PERT chart, the slack time for activity B(1-3) is: b. 3 d. 0 a. 1 c. 5 e. None
67. Activities B-G-J are on the critical path 68. expected time in the given CPM/PERT = (a + (4m) + b) / 6 D = (3 + (4 * 4) + 5) / 6 = 4
The twin network-based product development methodologies PERT and CPM show the order and flow of events and actions. The Program (Project) Management and Review Technique (PERT) is ideal for projects when it is unknown how long it will take to accomplish certain tasks. The Critical Path Method, or CPM, on the other hand, is suitable for projects that are cyclical in nature. Time is a variable in PERT that indicates the application of planned resources and performance specifications. The project is first segmented into events and tasks using this technique. The CPM process distinguishes between essential and quasi activities to speed up the operation and prevent queue formation.
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we use a three-stage process to determine cash provided or used by financing activities. which of the following is not one of the three stages?
Operating, Noncapital, Capital and Related, and Investing are the categories used in the statement of cash flows to classify cash transactions.
What are the 3 financing activities?Transactions involving equities, loans, and dividends are all examples of financing operations. According to the various capital structures, dividend policies, and debt terms that businesses may have, debt and equity funding are indicated in the cash flow from finance segment. Determine the cash impacts using T-accounts and reconstructed entries, then report the cash flow effects in order to calculate the cash provided by investing activities.
The income statement and balance sheet are completed by this financial statement. Cash from three categories, including operating, investing, and financing activities, makes up the bulk of the CFS. On a statement of financial position, there are various important components. Assets, liabilities, working capital (net current assets), and capital employed are some examples. In general, assets are things that a company possesses,
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Again using the Bertrand model, which of the following statements is true of the point representing the cartel price and quantity you found previously? O Either firm could increase its profits by increasing the price it charges. O Either firm could increase its profits by decreasing the price it charges O It is a Nash equilibrium.
Either firm could increase its profits by decreasing the price it charges.
What is profits?Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit.Gross profit is biggest. It shows what money was left after paying for the goods and services sold. Operating profit is next. It shows what's left after also paying operating costs such as rent, electricity, phones and in some cases staff.Net profit comes last. It shows what you made after deducting all costs and tax. You get to hold onto net profit.Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit. Gross profit is biggest. It shows what money was left after paying for the goods and services sold.To learn more about Gross profit refer to:
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when harvey hotels accrues salaries at the end of the accounting periods, its: O current ratio increasesO acid test ratio increases O debt toe quity ratio increases O debt to equity decreases
When Harvey hotels accrues salaries at the end of accounting period its debt to equity ratio increases that is option C is correct.
Debt to equity ratio is referred to as a parameter that is used to compare the liabilities of any company with the equity that the shareholders of the company posses. A higher value of debt to equity ratio implies that the company or the organization is at a higher risk and it is not able to maintain its debt. A lower value of the debt to equity ratio means that whatever debt the company has taken, it is not able to use the debt amount properly and make profits from that amount.
It is necessary to have a balanced value of debt to equity ratio. It is defined as the ratio of the total liabilities to the equity of shareholders. In this case Harvey hotels accrues salaries at the end of accounting period which increases risks that means the value of debt to equity ratio increases.
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a single-price monopoly faces a linear demand curve. if the marginal revenue for the second unit is $20, then the marginal revenue for the group of answer choices a. first unit is less than $20. b. third unit is less than $20. c. third unit is more than $20. d. third unit is also $20. e. more information is needed to determine if the marginal revenue for the third unit is more than, less than or equal to $20.
If marginal revenue for second unit is $20, then marginal revenue for the third unit is more than $20.
What is marginal revenue?Increasing product sales by one unit results in an increase in total revenue, which is known as marginal revenue, a key notion in microeconomics. Examining the difference between the total advantages a company gained from the quantity of a good or service produced during the previous period and the present period with an additional unit increase in the rate of production is necessary to determine the value of marginal revenue. With marginal cost also being taken into account, marginal revenue is a vital instrument for economic decision-making in the context of a corporation. In a market where there is perfect competition, the extra money made from selling a further unit of a good is equal to the price the company can charge the buyer.
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jaheem, who owns a hardware store, uses an income statement to show his revenue and expenses over the past three years to potential investors. T/F
This announcement is false.
Potential Investments capability a possible funding which We are thinking about making to a Borrower the key statistics and data on which are proven on every Lender's Dashboard and on which each Lender can also put up a Bid.
What do potential buyers show?Showing income data or the results of market research that exhibit demand for your product or service can assist exhibit your business's boom potential. Many traders will be specifically fascinated in seeing documentation of month-over-month or even week-over-week income growth.
Is a plausible Investor a stakeholder?Investors (aka shareholders) are really an example of stakeholders. Investors have a economic stake in the company. When they purchase fairness in a company, they choose to see the firm's management make the most of it (meaning a excessive return on equity). Investors play a key role in business.
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https://brainly.com/question/25311149#SPJ4Assume that a competitive industry producing a normal good is in long-run equilibrium. If average consumer income decreases, which of the following changes will occur?
a) Short-run price: increase; short-run industry output: increase; movement of firms: enter
b) Short-run price: increase; short-run industry output: decrease; movement of firms: exit
c) Short-run price: decrease; short-run industry output: increase; movement of firms: exit
d) Short-run price: decrease; short-run industry output: decrease; movement of firms: enter
e) Short-run price: decrease; short-run industry output: decrease; movement of firms: exit
The correct option is E. If average consumer income decreases, Short-run price: decreases; short-run industry output: decreases; movement of firms: and exit changes will occur.
A purchaser is someone or a set who intends to order or uses purchased items, merchandise, or offerings in the main for non-public, social, family, family, and similar desires, who is not without delay related to entrepreneurial or enterprise activities. The time period maximum commonly refers to a person who purchases goods and services for personal use.
In a financial system, a client buys items or services frequently for consumption and no longer for resale or for commercial functions. consumers pay few amounts of money (or equivalent) for goods or offerings.) than consume (use up). As such, clients play a crucial function inside the financial device of a capitalist device and shape a fundamental part of any economy. without patron calls for, manufacturers might lack one of the key motivations to produce: to sell to clients. The purchaser also paperwork one stop of the chain of distribution.
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