if the income elasticity of demand for a good is positive, the good is said to be a(n):

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Answer 1

'If the income elasticity of demand for a good is positive, the good is said to be a normal good.

The earnings elasticity of demand for a very good can be fine or negative. If the profits elasticity of call for is bad, it's far an inferior good. If the income elasticity of demand is fine, it's miles an ordinary appropriate. If the earnings elasticity of demand is more than one, it's miles a luxury suitable.

Low-income elasticity of demand: actual earnings are much less than the boom in quantity demanded. 0 earnings elasticity of call for the amount demanded stays unchanged despite an exchange in real income. Poor profits elasticity of demand: there's an increase in actual income but a decrease in the number of products demanded.

An everyday good has a profit elasticity of demand that is wonderful, but less than one. If the demand for blueberries increases with the aid of eleven percent whilst aggregate income will increase by using 33 percent, then blueberries are said to have an income elasticity of call for of zero.

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according to rules, regulatory oversight and regulation, hedge funds are allowed to short sell securities. this is in contrast to most mutual funds. group of answer choices

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Hedge funds and mutual funds are both managed portfolios constructed from pooled funds with the objective of generating returns through diversification. Through this pooling of money, a manager—or group of managers—uses resources from several investors to buy securities that correspond to a particular plan.

Institutional fund managers offer a number of mutual fund solutions to retail and institutional clients. High-net-worth investors are the focus of hedge funds. Investors must meet stringent accredited criteria in order to invest in these funds.

The terms of redemption are a significant distinction between mutual funds and hedge funds. On any given business day, investors in mutual funds may redeem their units and get the NAV (net asset value) for that day. Contrarily, hedge funds often have substantially lower levels of liquidity. While some only offer quarterly or annual redemptions, others offer weekly or monthly redemptions. Many hedge funds impose a lock-up period during which no money can be withdrawn. Several hedge funds actually ceased redemptions totally during times of market turbulence, like the most recent financial crisis, in order to safeguard the remaining investors from a potential fire sale of the fund's holdings. To properly comprehend the hedge fund, it is crucial to read the offering memorandum to fully understand your redemption rights.

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a taxpayer may be required to include in gross income the gain the taxpayer realizes when she sells her principal residence. True or False

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It is true that taxpayer may be required to include the gross income and the gain, taxpayer realizes when she sells her principal residence.

Who is a taxpayer?

A taxpayer is a natural person or an entity (such as a business) who must pay taxes. Today's taxpayers can have an identifying or reference number that a government has given to individuals or businesses.

In general, a person who pays taxes is referred to as a "taxpayer". A taxpayer is a person or thing that has financial obligations to municipal or governmental taxing bodies. Taxes can take many different forms, including income taxes and/or property taxes levied against owners of real estate (such as homes and automobiles). When people buy goods and services that are subject to tax, they may have to pay taxes. The workforce of a nation is frequently referred to as a "taxpayer," as they pay for government programs and systems through taxes.

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a firm may pursue a chaining strategy to: obtain the advantages of economies of scale. create product diversity. generate revenue by licensing the patents it owns. spread overhead costs. establish several unrelated business units.

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A firm may pursue a chaining strategy to, options a, obtain the advantages of economies of scale.

The chaining strategy determines the whole process of production of the product of the company. It covers the supply, production, inventory management, and transportation involved in the business.

The chaining strategy helps in reducing the cost of production by improving the efficiency of production. It helps in maintaining the relationship with the suppliers by working closely with them.

It enhances the chances of the company earning more profit due to the efficient process of production. Quality is not avoided in the process which ensures the loyalty of customers to the product.

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earley corporation issued perpetual preferred stock with an 11% annual dividend. the stock currently yields 10%, and its par value is $100. round your answers to the nearest cent. what is the stock's value? $ suppose interest rates rise and pull the preferred stock's yield up to 14%. what is its new market value?

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The new market money after the rise and pull of the interest rates and preferred stock's yield up to 14% is $88.89.

What are interest rates?Interest rate is the amount of interest  per period associated with an amount lent, deposited, or borrowed. The total interest on the amount lent or borrowed depends on the principal amount, the interest rate, the frequency of compounding, and the length of the term of the loan, deposit or borrowing.The annual interest rate is the interest rate for one year. Other  rates apply for other periods.Month or  day, but  usually calculated in years.Interest rates have been characterized as a "preference indicator".The borrower sooner or later wants or needs the  money  and is willing to pay a fee (interest) for that privilege.

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sofia divides all of her income between spending on digital movie rentals and lattes. in 2016, she earned an hourly wage of $28.00, the price of a digital movie rental was $7.00, and the price of a latte was $4.00. which of the following give the real value of a variable? check all that apply. the price of a digital movie rental is 1.75 lattes in 2016. sofia's wage is $28.00 per hour in 2016. the price of a digital movie rental is $7.00 in 2016. which of the following give the nominal value of a variable? check all that apply. the price of a latte is $4.00 in 2016. sofia's wage is 4 digital movie rentals per hour in 2016. the price of a latte is 0.57 digital movie rentals in 2016. suppose that the fed sharply increases the money supply between 2016 and 2021. in 2021, sofia's wage has risen to $56.00 per hour. the price of a digital movie rental is $14.00 and the price of a latte is $8.00. in 2021, the relative price of a digital movie rental is

Answers

The options that would give the the real value of the latte are:

the price of a digital movie rental is 1.75 lattes in 2016. he price of a digital movie rental is $7.00 in 2016

The options that would give the nominal variable are:

the price of a latte is $4.00 in 2016.sofia's wage is 4 digital movie rentals per hour in 2016.

How to solve for the real value of the Latte

We have price at 4 dollars and the rental at 7 dollars

7 / 4 = 1.75$

What is the nominal value?

The redemption price, also known as the nominal value of a security or face value, is typically printed on the front of that security. It is the stated value of a security that has been issued, as opposed to its market value, for bonds and stocks.

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compute gross profit for april.5-b. show how the three inventory accounts are reported on the april 30 balance sheet.

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Direct material of $31,000 for the three inventory accounts is reported on the April 30 balance sheet.

inventory accounting is the frame of accounting that offers to value and accounting for modifications in inventoried assets. An organization's stock typically entails goods in 3 tiers of manufacturing: uncooked items, in-progress goods, and completed items that might be geared up on the market.

inventory accounting will assign values to the items in every one of these 3 strategies and record them as agency belongings. assets are goods so one can probably be of future value to the organization, in order that they need to be correctly valued in order for the company to have a specific valuation.

the main advantage of stock accounting is to have an accurate representation of the business enterprise's economic health. but, there are a few additional blessings to maintaining the tune of the cost of gadgets through their respective production degrees. specifically, stock accounting allows corporations to evaluate wherein they may be able to boom earnings margins on a product at a particular location in that product's cycle.

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actual material purchases amounted to 240,000 kilograms at $0.81 per kilogram. actual costs incurred in the production of 50,000 units were as follows:

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Direct fabric extent variance (also known as the direct material usage or efficiency variance) is the difference between the popular price of wellknown fabric allowed for proper production, and the trendy price of cloth surely used in production.

How is DM charge variance calculated?

The system for this variance is:(standard fee per unit of material × actual gadgets of cloth consumed) – real cloth cost. (standard rate per unit of material × true gadgets of fabric consumed) – real fabric cost.

A cloth volume variance is the distinction between the actual amount of materials used in the manufacturing procedure and the amount that used to be expected to be used.

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Carlos has created several tables for his Organic Produce farm database including Customers, Vendors, and Products. Now he wants to create forms that will make it easier to enter data in the database. Determine the best methods for Carlos to use when creating forms for his specific needs.


The new custom form meets Carlos' requirements; however, some of the labels do not clearly describe the data that needs to be entered in the form. Which label property should Carlos change to make the label more descriptive and clear to the user?

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Carlos will make use of the Controls gallery found on the DESIGN tab of the Ribbon's Forms Layout Group.

Which control lets you select an entry from a list or type one in?

A combo box lets a user choose only one item from the list or type in an entry.No matter how the current value is entered, the control will show it in the text box.

What is gallery control used for?

A Gallery control has the ability to display a number of records from a given data source, and each record can contain a variety of data types.Use a Gallery control, for instance, to display multiple contacts with each item displaying contact information such as their name, address, and phone number.

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When Ms. Kadri was working on her roadmap for the company, she was engaged in which of the following management functions?

a. Leading

b. Planning

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While working on the roadmap for the company, Ms. Kadri was engaged in the planning function of management. Therefore, option B 'planning' is the correct answer.

Building a roadmap for the company is a function of the planning phase of project management. In the planning phase, individuals work as a team to create the technical design, resource plan, communications plan, budget, , task list, and initial schedule for the project as well as establish the roles and responsibilities of the project team and its stakeholders.

In contrast, the leading phase involves the tasks of directing employees to work toward the goal and ensuring that work is being done as planned.

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which of the following statements about cookies is not true
A) Some companies sell the personal information found in cookies to other companies.
B) Cookies help companies determine the traffic flow through their website.
C) Cookies obtain your personal information by searching your hard drive.
D) Cookies are text files.

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The following statements about the cookie are not true:

B) Cookies obtain your personal information by searching your hard drive.

Cookies are text files that include little bits of information, such as a login and password, and are used to recognize your machine when you're connected to a computer network. HTTP cookies are a particular type of cookie that are used to identify specific users and enhance online surfing.

The server creates data in a cookie as soon as you connect. An ID that is specific to you and your machine is used to identify this data.

Your computer and the network server exchange cookies, and when they do, the server scans the ID and knows what data to provide you exactly.

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patents, trademarks, and copyrights... a. provide limited monopoly power. b. allow individual innovators to form companies and possess monopoly power for 30 years c. allow innovative firms to achieve monopoly power for one year. d. allow innovators to possess monopoly power forever.

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Copy rights typically last for 70 years after the author's death or longer, depending on the situation. Unless renewed, trademarks do not last forever. Thus, it is evident that parents, copyrights, and trademarks grant monopolists limited time-based monopoly power.

The choice a is correct.

What exactly is a monopoly?

A market structure in which a single seller or producer holds a dominant position in a sector or industry is known as a monopoly. In free-market economies, monopolies are discouraged because they limit alternatives for customers and stifle competition.

Why might governments permit monopoly formation through patent protection?

The government granting a company exclusive right to provide goods or services is the simplest way to establish a monopoly. Monopolies established by the government aim to create economies of scale that lower prices for customers.

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What are the most popular items for sale on Black Friday?
A. Electronics
B. Dishware
C. Linens
D. Books

Answers

On Black Friday, you can be confident that the things on the list below will be offered for some of the lowest prices of the year. Like Electronics gadgets, so the correct answer is option (A) Electronics.

You may be sure that the items on the list below will be available for some of the lowest prices of the year on Black Friday.

So feel good about adding them to your shopping basket, making a quick purchase, and then enjoying the rest of your Thanksgiving weekend at a leisurely pace. You can get a new laptop, desktop, gaming PC, or tablet on Black Friday. Retailers like Best Buy will offer Apple products but completely avoid Apple.com. Additionally, Dell, Lenovo, and HP will offer online doorbusters all weekend long. Since these electronics sale occasions might be difficult to navigate, check out their Black Friday advertising in advance to see what's releasing and when.

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Suppose that markus braun was trying to decide where he should open businesses next. He wants to make a rational decision. What should be his first step in making that decision?.

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Markus Braun's first step in making rational decision is to define the problem.

What is rational decision making?

Instead of relying on subjectivity and intuition to help solve a problem or accomplish a goal, rational decision-making uses objective data, logic, and analysis. It is a methodical approach that aids in problem identification, selection of a course of action from a variety of options, and discovery of the solution. Making rational decisions is a critical skill, particularly in the field of digital marketing. Given that people are by nature emotional, our prejudices and beliefs may skew the way we perceive the world. Data, fortunately, helps us see things more clearly. Data enables us to stop relying on our assumptions about what our audience likes about us by revealing how they actually interact with our brand.

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Which type of tax is levied on specific items or services, including gasoline and telephone services?.

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Excise tax is levied on specific items or services, including gasoline and telephone services.

An excise tax is a type of tax that is frequently levied on the sale of specified goods or services, or on a specific use. Fuel, airline tickets, large trucks and highway tractors, indoor tanning, tires, cigarettes, and other commodities and services are frequently subject to federal excise taxes. Form 720, Quarterly Federal Excise Tax Return, is usually used to report excise tax to the IRS by businesses that are liable to it. Excise taxes service are imposed on a variety of products, services, and endeavors. The tax may be collected upon importation, manufacturer sale, retailer sale, manufacturer usage, or consumer use. For projects involving the taxable good or service, such building new roads and airports, a large portion of excise taxes are put into trust funds. Excise taxes have no connection to income taxes. In many cases, Form 720 must be submitted to the IRS with the excise tax payment by the retailer, producer, or importer. The cost of the excise tax may be passed along to the buyer.

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which fundamental element of a political unioin did the european union (eu) lack as a result of britain's decision to opt out of provisions such as the eu charter of fundamental rights, the schengen agreement, and the eurozone

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referendum that would allow British citizens to vote on whether Britain should continue to be part of the European Union or whether it should leave the trading bloc. Brexit, as the possible departure was called, quickly

what do we call the mathematical expression that predicts the relationship between the number of warehouses and the amount of safety stock inventory that a company can expect to maintain?

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The mathematical expression that predicts the relationship between the number of warehouses and the amount of safety stock inventory that a company can expect to maintain is the square root of N rule.

What is safety stock?

One key element of effective inventory management is maintaining a certain amount of safety stock. Safety stock is inventory that is kept on hand to cushion against unexpected disruptions in the supply chain. By definition, safety stock is inventory that is above and beyond the amount needed to meet normal demand. Safety stock exists to protect against variability in demand and supply. There are several factors to consider when determining how much safety stock to keep on hand. These include the lead time for replenishing inventory, the frequency and severity of disruptions, and the cost of holding inventory.

The square root of the N rule highlights that safety stock has a relationship with the number of warehouses, and this relationship is in the form of the square root of warehouse numbers.

It can be concluded that the mathematical expression that predicts the relationship between the number of warehouses and the amount of safety stock inventory that a company can expect to maintain is the square root of N rule.

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the xyz company is a profit-maximizing firm with a monopoly in the production of pennants. the firm sells its pennants for $10 each and economic profit is positive. we can conclude that the xyz company is producing a level of output at which:

Answers

Marginal cost equals marginal revenue. The additional money that results from raising the quantity is known as the marginal revenue.

Therefore, profit is maximised when marginal cost equals marginal revenue, which is the same as saying when marginal profit equals zero. This additional revenue is also referred to as being "at the margin. In general, marginal revenue tends to decline as production rises for any given level of customer demand. There is no economic gain in equilibrium since marginal revenue and costs

Marginal cost

The additional expense brought on by increasing the quantity is known as the marginal cost. The additional expense at the margin.

Marginal revenue

The additional money that results from raising the quantity is known as the marginal revenue. The additional revenue at the margin.

The XYZ Company is a profit-maximizing firm with a monopoly in the production of pennants. The firm sells its pennants for $10 each. We can conclude that the XYZ Company is producing a level of output at which:

Select one:  a. average total cost equals $10.    b. average total cost is greater than $10.    c. marginal revenue equals $10.    d. marginal cost equals marginal revenue.

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question content areawhich of the following budgets provides budgeted costs for actual level of activity? a.incremental budget b.flexible budget c.cash budget d.efficiency budget

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B) A flexible budget provides budgeted costs for actual level of activity.

A flexible budget is a summary of income and expenses at various activity levels. So, rather than focusing on a single activity level (which is known as a 'fixed' budget - you should recall this from prior research), many activity levels are examined.

Flexible budgeting can be used to more readily adjust a budget that has not yet been finalized in terms of revenue or other activity numbers. Managers offer their permission for all fixed expenditures, as well as variable expenses as a percentage of sales or other activity measurements, under this strategy.

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Walmart is requiring more trade sales promotion from bolthouse farms, a juice and smoothie company, to keep extensively promoting its products and displaying them on their shelves. Why will bolthouse farms most likely comply with walmart’s request?.

Answers

Sales marketing is preferred by Bolthouse Farms over newspaper advertising. Long-term success is becoming more crucial to retailers like Walmart.

What is a Walmart Plus membership?

A number of goods, especially groceries, are offered through Walmart Plus, a premium subscription service, both online and in stores. If you register, you'll get discounts and benefits at Walmart and stores owned by Walmart, including Sam's Club, Jet.com, and Bonobos.

Where does Walmart get their clothes?

However, the worldwide nature of a Walmart supply chain comprises suppliers from the UK, Canada, China, Mexico, Taiwan, Hong Kong, France, and other nations.

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after the manager told miles he was doing a great job, miles used what his manager told him about his work performance to do an even better job. this demonstrates how a performance management system has a(n) purpose.

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After the manager told Miles he was doing a great job, Miles used what his manager told him about his work performance to do an even better job. This demonstrates how a performance management system has a developmental purpose.

The process of ensuring that a set of actions and outputs achieves the objectives of an organization effectively and efficiently is known as performance management. Performance management can be used to evaluate an employee, a department, a whole business, or the systems in place to handle certain tasks.

There are three types of organizational performance management that are frequently used:

balance scorecardManagement Through Goals.Business Plans that are budget-driven.

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select the components or inputs associated with the production function where gross domestic product (gdp) is the output. production function inputs include capital deepening. human capital. labor. aggregate demand. aggregate supply.

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Production function input includes human capital, which means option B is the right answer.

The four main factors of production are divided into four categories which are namely land (space on ground on which raw material can be produced), labor (workforce), capital (money or investment) and entrepreneurship (human resource who works to effectively use the other factors). These factors are the main inputs to any production process. Gross domestic product refers to the value of final goods (machinery, automobiles, textiles etc.) and services (telecommunication, healthcare, education, transportation etc.) produced in a country in a given financial year. Rising GDP is the signal of a country's progress economically. Fixed inputs are crucial in determining the firm's maximum output capacity.

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which of the following promotion categories is most likely to include the use of displays, discounts, coupons, and demonstrations?
A) sales promotion
B) direct and digital marketing
C) horizontal diversification
D) public relations
E) advertising

Answers

Sales promotion is most likely to include the use of displays, discounts, coupons, and demonstrations. So, the correct answer is A.

What is Sales Promotion?

A group of marketing techniques known as sales promotion are used to boost demand for specific products and raise brand awareness. It generates new leads, imparts a sense of urgency, and keeps clients interested because it has a limited time limit. The foundation of the promotion mix is sales promotion. Discovering the sales strategies that appeal to your target market can help you create relationships with people that last. In addition, you ought to offer customers value that is pertinent to your area of specialisation. Since it fosters information exchange within social networks linked to your business, sales promotion can improve the perception of your goods. If you sell training football shoes, football enthusiasts will spread the word.

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the objective of the audit of gaap-based financial statements is to group of answer choices make suggestions as to the form or content of the financial statements or to draft them in whole or in part. express an opinion on the fairness with which the statements present financial position, results of operations, and cash flows in accordance with generally accepted accounting principles. ensure adoption of sound accounting policies and the establishment and maintenance of internal control. express an opinion on the accuracy with which the statements present financial position, results of operations, and cash flows in accordance with generally accepted accounting principles.

Answers

The application of financial accounting is governed by generally accepted accounting principles (GAAP). The purpose of GAAP is to guarantee the accuracy, consistency, comparability, and relevance of the information produced by financial accounting.

What is the primary objective of GAAP?The goal of GAAP is to guarantee that financial reporting is clear and consistent across all organizations.The auditor's goals are to determine with a reasonable degree of certainty whether the financial statements as a whole do not contain any serious misstatements, whether from fraud or error, and to publish an auditor's report that provides the auditor's opinion.The phrase "GAAP" refers to a collection of accounting principles, guidelines, and practices that are employed in the preparation and standardization of financial statements that are released by businesses. By creating consistency and openness, these guidelines seek to aid creditors and investors in better comparing businesses.The application of financial accounting is governed by generally accepted accounting principles (GAAP). The purpose of GAAP is to guarantee the accuracy, consistency, comparability, and relevance of the information produced by financial accounting.    

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When considering the interest and influence of stakeholders impacting the success of a project, what are the common attributes of the group of stakeholder that are the basis for an effective coalition of support for the project?.

Answers

Stakeholders are those who are curious about how your project turns out. They frequently consist of members of the project team, managers, executives, sponsors, clients, and users.

What is the impact of stakeholders in project success?

Key stakeholders might provide requirements or limits based on data from their sector to determine project restrictions and dangers. Stakeholder engagement and participation will assist you in identifying and minimizing project risks.

Therefore, Stakeholders are those who are curious about how your project turns out. Members of the project team, managers, executives, sponsors, clients, and users are frequently among them.

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an investor purchases 1,000 shares of each of the stocks in a price-weighted index at their closing prices (ignore transactions costs). on a total return basis, if the index stocks remain the same, this portfolio will most likely:

Answers

B. Outperform the index over time.

When an investor, portfolio manager, fund, or other investment specialist outperforms the market, they are said to "beat the market." A company that is said to "Outperform" has reported quarterly or annual earnings that exceeded market analysts' consensus expectations.

Outperform is a rating that analysts can give to a company's stock. When a stock receives an outperform rating, analysts expect it to outperform the overall market, a specific financial index, or other companies in the same industry. Outperform isn't always the best rating for a company's stock. Outperforming is usually the highest or second-highest rating available because each brokerage firm has its own rating system.

An outperforming rating does not always imply that a stock will outperform the market. It simply means that analysts believe it will happen. Investors should also conduct their own research rather than relying solely on market ratings to make investment decisions.

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The complete question is:

An investor purchases 1,000 shares of each of the stocks in the Dow Jones Industrial Index at their closing prices (ignore transactions costs). On a total return basis, if the index stocks remain the same, this portfolio will certainly:

A. perform exactly like the index over time.

B. outperform the index over time.

C. under perform the index over time.

D. perform better than the index over some periods, and worse over others.

ell or process further assume beneteau manufactures sailboat hulls at a cost of $7,500 per unit. the hulls are sold to boat yards for $9,000. the company is evaluating the desirability of adding masts, sails, and rigging to the hulls prior to sale at an additional cost of $2,500. the completed sailboats could then be sold for $10,500 each. determine whether the company should sell sailboat hulls or process them further into complete sailboats. assume sales volume will not be affected. calculate the net advantage (disadvantage) of processing the boat hulls into sail boats. use a negative sign with your answer, if appropriate. $answer

Answers

The net advantage (disadvantage) of processing the boat hulls into sailboats is -$1,000

Revenue from the sale of completed sailboats = $10,500

Revenue from the sale of sailboat hulls = $9,000

Incremental revenue = $1,500

Additional costs =  $2,500

Hence, Net advantage (disadvantage) = -$1,000

Incremental Revenue is the benefit a business gains from an expansion in deals. It tends to be utilized to decide the extra income created by a specific item, venture, or direct deal from a showcasing effort when the amount of sales has developed. Net Advantage is a far-reaching, proficient wellspring of restrictive examination on businesses, alongside an examination of the significant organizations in a given industry. For non-business understudies, the help incorporates the Financial Education segment with devices for figuring out individual accounting.

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According to the wage-price spiral, if a company gives a worker a raise in pay, what must they also do?
answer choices
A. Raise the price of their products
B. go out of business
C. lower the price of their products

Answers

According to wage-price spiral, if company gives a worker a raise in pay, they must also raise the price of products.

What is wage-price spiral?

A wage-price spiral, also known as a wage/price spiral or a price/wage spiral, is a theory put out by macroeconomists to explain why inflation occurs when wages rise in a positive feedback loop where rises in prices lead to salary increases. When aggregate demand and aggregate supply cross each other over time, the economy eventually goes back to that point." 1868 marked the first time the idea was used. A 1937 New York Times article about a steelworkers' strike first used the phrase "wage-price spiral." A price freeze was imposed in the 1970s by US President Richard Nixon in an unsuccessful attempt to stop what he perceived as a "spiral" of costs and prices.

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which of the following was established as a result of the flsa?
a. health benefits provided by employer
b. salary requirements for exempt employees
c. youth employment standards
d. sick days and/or vacation pay

Answers

Salary requirements for exempt employees was established as a result of the FLSA. So, the correct answer is b.

What is Fair Labor Standards Act (FLSA) ?

The Fair Labor Standards Act (FLSA) establishes rules for overtime compensation, minimum wage, child labour, employment status, and record-keeping requirements for employees. Employee exemption is decided by FLSA. It indicates which individuals are not exempt from the FLSA and which individuals are. It also established the pay and time requirements for any small projects. The Fair Labor Rules Act (FLSA), which affects full-time and part-time workers in the private sector as well as in federal, state, and municipal governments, provides minimum wages, overtime compensation, recordkeeping, and child labour standards.In regards to private employment, employment by State and local governments, and employment by Federal employees of the Library of Congress, U.S. Postal Service, Postal Inspection Service, and Postal Workers Union, the Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) administers and enforces the FLSA.

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eilert construction company had a contract starting april 2021, to construct a $21,000,000 building that is expected to be completed in september 2022, at an estimated cost of $19,250,000. at the end of 2021, the costs to date were $8,855,000 and the estimated total costs to complete had not changed. the progress billings during 2021 were $4,200,000 and the cash collected during 2021 was $2,800,000. eilert uses the percentage-of-completion method. *118. for the year ended december 31, 2021, eilert would recognize gross profit on the building of a. $0. b. $737,917. c. $805,000. d. $945,000. *119. at december 31, 2021, eilert would report construction in process in the amount of a. $9,660,000. b. $8,855,000. c. $8,260,000. d. $805,000.

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eilert construction company had a contract starting april 2021, to construct a $21,000,000 building that is expected to be completed in september 2022, at an estimated cost of $19,250,000. Eilert would report construction in process in the amount of $805,000.

What do you mean by a construction company?

The construction industry is concerned with the building and infrastructure construction, demolition, renovation, maintenance, and repair. It includes everything from planning and surveying to structural construction and finishing services like painting and decorating.

Construction employs approximately 16% of the working population in the country. The construction industry in India employs over 30 million people and generates assets worth more than $200 billion. It contributes more than 5% of the nation's GDP and 78% of gross capital formation.

So, the required answer is d. $805,000.

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in the short run, as output gets larger and larger:

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In the short run, when the output of a firm increases, its average fixed cost decreases.

In the short run, as it relates to business, some inputs will be fixed, and some will be variable at some point in the future. The short run-in economics refers to the notion that an economy's behavior will change depending on how much time it has to take in and respond to stimuli.

A company, ABC, is an example of a short run. ABC can produce 10 cars per day and is looking to increase production to 15 cars per day by using the available infrastructure in response to rising demand during the season.

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