In the short-run?

a. all inputs are variable
b. some inputs are fixed and some inputs are variable
c. there are no fixed inputs
d. the firm is not restricted in how much it can produce

Answers

Answer 1

In the short-run some inputs are fixed and some inputs are variable. It conveys the notion that an economy behaves differently depending on how long it has to respond to certain stimuli.

The idea of the short run states that, for a specific period in the future, at least one input will be fixed while the others will be variable. The term "short run" does not refer to a specific amount of time but rather to a specific company, sector of the economy, or economic variable.

The idea of the short run and the long run is underpinned by the fundamental idea that in the short run, firms must deal with both variable and fixed costs. As a result, output, wages, and prices are constrained in their ability to reach a new equilibrium. An area where opposing forces are balanced is referred to as being in equilibrium.

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Related Questions

The purpose of a vertical marketing system is to: _______

Answers

The purpose of a vertical marketing system is to achieve channel economies and maximum marketing impact.

A vertical marketing system is any distribution route that involves the cooperation of its various participants. This can include manufacturers, merchants, and distributors. To successfully supply items to customers and reach the highest levels of efficiency, they all must collaborate.

A vertical system aims to do away with the competitiveness and conflict that can occur in a traditional marketing system. As a result, businesses become more efficient and reduce the cost of their products because they are no longer driven by personal financial objectives.

Similar or compatible goods and services are created and marketed to a specific group of clients in a vertical market. Insurance, real estate, finance, heavy manufacturing, retail, transportation, hospitals, and government are a few examples of bigger vertical markets.

The options for the question are:

- maximize the number of wholesalers with which a supplier can trade.

- eliminate wholesaler channel members and have producers go directly to consumers.

- limit the number of retail outlets served and sales region.

- achieve channel economies and maximum marketing impact.

- dissuade retailers from dealing with other manufacturers or wholesalers.

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if the price of a report is $11, what is the value of producer surplus for this firm?

Answers

Producer surplus = price-what producers are willing

for 1st unit=11-2=9

2nd unit=11-6=5

3rd unit=11-8=3

4th unit=11-11=0

9+5+3+0=17

For a character sale, manufacturer surplus is measured because of the distinction between the market price and the cost of manufacturing, as proven by the supply curve. For the market, total manufacturer surplus is measured as the vicinity above the supply curve and under the marketplace fee, among the foundation and the amount sold.

Manufacturer surplus is the incentive for an entrepreneur to threat their time, money, and energy in a commercial enterprise pursuit. Without producer surplus, there would be no praise for innovation. Capitalism and a loose-market financial system are based totally on enterprise owners reaping blessings by way of bringing products to customers that need them.

The producer's surplus is related to earnings but isn't the same as it. Producer's surplus subtracts only variable costs from sales, even as earnings subtract both variable and fixed costs.

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Rheneas wants to ensure his management team is aware of the common causes for failed enterprise system implementations before they begin their own. He points out to the team that _____.

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Rheneas informs the group that there is a 21% failure rate all enterprise resource planning EPR  implementations globally.

Define the term enterprise system?

A centralized database is improved by the use of an enterprise resource planning (ERP) system in conjunction with companies.

ERP software is used by organizations to integrate business operations, gather operational data, enhance supply-chain efficiency, encourage data-driven strategies, and enhance cross-departmental cooperation.An enterprise system, commonly referred to as a enterprise resource planning (ERP) system, would be a cross-functional information system that facilitates the integration of important business operations throughout the whole firm and aids in resource planning.The ERP software suite, a collection of integrated software modules, and a shared centralized database power an ERP system.

Prior to starting their own enterprise system deployment, Rheneas wants to make sure his management team is informed about the typical reasons for failure.

Thus, Rheneas informs the group that there is a 21% failure rate overall ERP implementations globally.

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ann archer purchased shares from xyz corp. for $10. the par value of the shares is $5. what is the amount of water per share in the shares? group of answer choices $0 $5 $10 $1

Answers

Ann archer purchased shares from Xyz corp. for $10. the par value of the shares is $5. The amount of water per share in the shares is $10.

What is  par value of the shares?

A single common share's par value is determined by the charter of a corporation. It usually has nothing to do with the shares' actual worth. Actually, it's frequently lower. The par value is stated on each stock certificate that is issued for shares that are bought. Retained earnings are subtracted from total equity to determine it. find out more at par is calculated as follows: par value * shares issued. further capital contributions. It is the profit a business makes when it first issues stock on the open market.

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ponderosa, inc., produces wiring harness assemblies used in the production of semi-trailer trucks. the wiring harness assemblies are sold to various truck manufacturers around the world. projected sales in units for the coming five months are given below.

Answers

Wire harness is a very important component in two-wheeled and four-wheeled vehicles which functions to carry electric currents and signals in motorized vehicles.

Explanation of wire harnesses

Wiring harness is a collection of cable circuits that function to carry electric current and signals in automotive vehicles. Wiring harness allows the transmission of control signals and electrical power to the electronic & electrical components in the vehicle to ensure that these various devices can carry out their functions. Wires are held together with straps, cable ties, sleeves, electrical tape, or a combination of these.

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The ________ system conversion approach is thought to be risky because the new system might fail.

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Whole system conversion is most risky, especially if the system is large and complex, but completes the conversion in the shortest amount of time. Modular conversion reduces risk somewhat because the system is implemented gradually.

When a system is converted via direct changeover, users stop using the old system on a given date and begin using the new system instead. Only after thorough testing is done beforehand can a direct switchover be successful, and it functions best when processing delays can be tolerated. A dangerous conversion strategy is direct changeover. Users may become upset if they are compelled to utilize a strange technology without a choice, which could cause disruption in the workplace. Furthermore, there is no suitable method for comparing fresh findings to earlier ones.

Converting the outdated information system physically to the new or modified one is a third method of implementation.

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assume the economy is initially on aggregate demand ad2. the fed should multiple choice buy bonds. increase the reserve requirement. raise the discount rate. lower the prime rate.

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Assume that the economy is originally based on AD2. The fed should make reserves more necessary.

Define the term aggregate demand?

In macroeconomics, the word "aggregate demand" is used to define the total demand for commodities produced domestically, including capital goods, consumer goods, and services.

It includes all purchases made by individuals, businesses, the government, and foreigners (via exports), minus the portion of demand that is met by imports from other countries.The total quantity of demand including all finished products and services generated in an economy is measured as aggregate demand. The total amount spent on those services and goods at a particular price level and time is known as aggregate demand.

Thus, assuming that the economy is originally based on AD2. The Fed should make reserves more necessary.

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All of the following are example of risk retention EXCEPT:_____.
A. Deductibles
B. Copayments
C. Premiums
D. Self-Insurance

Answers

All of the following are example of risk retention EXCEPT Premiums.

In business administration, Risk Retention Groups are alternative risk-taking bodies created by the Federal Responsibility Retention Act. RRG must be incorporated as a liability insurance company under the laws of at least one state (state of incorporation or home).

An example of a risk that businesses are willing to undertake could be damage to the outdoor metal roof over a shed. The company may instead choose to set aside funds for the eventual replacement of the shed roof rather than purchasing an insurance policy to pay for the replacement cost.

The most important reason for risk deduction is to protect the company and its assets. By minimizing risk wherever possible, the company's finances, branding and reputation are protected. For example, hospitals use desktops, laptops, and other mobile devices to care for patients on a daily basis.

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In the above figure, point E represents the level of real GDP at which planned saving equals planned investment. At point C 1) unplanned inventories increase. 2) changes in inventories cannot be determined. 3) unused industrial capacity exists in the economy. 4) unplanned inventories decrease.

Answers

The point c represents the unplanned inventories decrease.

What is unplanned inventories?

Unplanned inventories is the difference between the inventory you have and the inventory you need for market. Unplanned inventories can be positive and negative.

Positive unplanned inventories mean you have more inventory than market need. Negative unplanned inventories mean you have less inventory than market need.

In question, at c point is the situation when unplanned inventory will disinvestment and the stocks you have will declining, at this time industry will producing more products to replace the stocks.

Your questions is incomplete, but most probably your full question was (image attached)

Thus, the point c represents the unplanned inventories decrease.

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customers arrive at the cashier desks at a grocery store randomly with an average rate of 21 per hor. each cashier works at a different speed...how long do customers wait on average before a cashier starts scanning/payment. how long do customers wait on avaerage before a cashier starts scanning/payment in the pooled queueing option?

Answers

The customers wait on average about 0.051 before a cashier starts scanning/payment in the pooled queueing option.

The maximum acceptable amount of time that they are ready to stand by in a line. In the event that a line has all the earmarks of being excessively lengthy, or as far as possible has been surpassed, most clients will pursue the choice to return their buys and leave.

Queuing Theory is the investigation of the development of individuals, items, or data through a line. Concentrating on blockage and its causes in a cycle is utilized to assist with making more proficient and practical administrations and frameworks. Queues are an approach to managing the unevenness among market interests. However long interest (the quantity of clients) surpasses supply (limit and the number of administration focuses)

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the fact that news organizations have avoided stories that offend tobacco companies (many of which are large conglomerates) is an example of what aspect of the business environment?

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The fact that news organizations have avoided stories that offend tobacco companies (many of which are large conglomerates) is an example of Commercialism.

What is Commercialism?Commercialization is the process of introducing new products or services to the market.The broader act of commercialization includes duties that are critical to the commercial success of the new good or service, such as production, distribution, marketing, sales, customer support, and other similar activities.Once a small business has grown and scaled its operations to the point that it can successfully target a larger market, commercialization often occurs.By selling packaged cinnamon rolls to adjacent grocery stores, for instance, a small bakery that is well-known for its cinnamon rolls and has had tremendous success selling them can market its products. This will open up the market for the pastries and have a variety of positive effects on the bakery's sales.

A thoughtfully created three-tiered product roll-out and marketing strategy that includes the principal elements listed below is necessary for commercialization:

The conceptual stagethe phase of a business processinvolving stakeholders

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you are considering investing in a portfolio consisting of 40% electric general and 60% buckstar. if the expected rate of return on electric general is 16% and the expected return on buckstar is 9%, what is the expected return on the portfolio?

Answers

The expected return on the portfolio is 11.8%

The return that is anticipated on an investment is known as the expected return or ER. It is the overall sum of money that you can anticipate making or losing from an investment with a known rate of return. It's common to express an expected return as a percentage, with positive returns denoting profits and negative returns denoting losses.

Let the total amount invested in the portfolio be $100

Amount invested in electric general = 40% of 100 = $40

Amount invested in buckstar = 60% of 100 = $60

Expected return on electric general = 16%

So, 16% of 40 = $6.4

Expected return on buckstar = 9%

So, 9% of 60 = 5.4

Total portfolio amount after return = 100 + 5.4 + 6.4 = $111.8

Expected return on portfolio = 111.8-100/100*100 = 11.8%

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If the slope of the total productivity line is decreasing as output increases, what does that say about marginal productivity?.

Answers

The marginal cost curve will shift upward because an increase in output necessitates additional labor, which is also more expensive right now.

What happens to the marginal cost curve when productivity increases?The marginal cost curve will shift upward because an increase in output necessitates additional labor, which is also more expensive right now Average total and average variable costs will climb along with the increase in total variable cost. By observing how the MP responds to a change in an input, you may tell if the marginal product of that input is rising, falling, or constant.Taking a derivative of the marginal product with regard to the relevant input is the simplest way to determine that. The Total Product (TP) grows at an increasing rate as the Marginal Product (MP) grows.As variable factor inputs rise, the Total product curve initially takes on a convex appearance.This goes on until the MP curve reaches its highest point.

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Which of the following is not considered a best practice regarding 360-degree feedback systems?

a. The system provides reliable ratings of competencies
b. The results from such feedback should be used to make compensation decisions.
c. Employees receive timely feedback Maintain rater confidentiality,

Answers

The use of such feedback results in compensation decisions is not regarded as a recommended practice for 360-degree feedback systems, according to option b.

Employees that participate in a 360-degree feedback system or process receive private, anonymous feedback from those who work with them. The management, colleagues, and direct reports of the individual are frequently included in this.

You can use a variety of raters to provide feedback on an employee, including supervisors, peers, direct reports, subordinates, and external raters (customers or vendors). The employee's development plan frequently uses feedback as a benchmark.

Employee performance improvement is one of the procedure's most significant advantages. It provides insight into how to increase overall performance and aids in enhancing self-accountability and relationships between employees. This enhances the organization's ability to retain and engage its workforce.

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Mike chooses a daas arrangement for his small business because it reduces costs. Why is daas less costly than the traditional alternative?.

Answers

Because there is "no in-house databases installation, maintenance, or monitoring," DaaS is less expensive than the conventional alternative, which is why Mike opts for it for his small business.

Define the method of DaaS arrangement?

In a virtual desktop infrastructure known as desktop-as-a-service (DaaS), desktops are stored in the cloud and made available to remote users as needed. The backend of VDI is specifically hosted on the cloud. DaaS is also known as hosted desktop services, and it is typically provided by a third party.

Benefits of Hosted Desktops and DaaS

may be managed and deployed with ease.lowers the price of the hardware and running costs.less expensive to maintain and administer.scaled with ease and produces better performance.Networks have greater security and flexibility.Efficiency increases for the help desk.

Thus, Because there is "no in-house databases installation, maintenance, or monitoring,"" DaaS becomes less expensive than the conventional alternative, hence why Mike prefers for it for his minor business.

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if you invested a dollar in a stock for the last four years you would have had $1.15 at the end of the four years. what is your average annual return, reported to the nearest basis point?

Answers

The common annual return (AAR) is a proportion that represents a mutual fund's historic common return, normally stated over three-, five-, and 10 years.

Before making a mutual fund investment, investors regularly assessment a mutual fund's average annual return as a way to measure the fund's long-term performance.

What is a precise average annual return?

Most buyers would view an common annual fee of return of 10% or greater as a right ROI for long-term investments in the inventory market. However, hold in mind that this is an average. Some years will supply decrease returns -- perhaps even bad returns.

What is the common charge of return in 2022?

For instance, the annual inflation fee in 2022 is forecasted to be around 8.2%. Since this is a down year for the market, with an average return rate of -16.15% via September 2022, inflation makes the loss harder. Not only did you lose money this year, however your cash is really worth less than it was once in 2021

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Customers are _________________ to expect low prices when they come in.

Answers

Customers are more likely to except low prices.

Why do customers prefer Low Prices?

A service or product can enter the market more easily and draw customers away from rivals by offering a lower price. Pricing for market penetration focuses on the tactic of utilizing initially cheap prices to make a large customer base aware of the a new product.

The majority of customers favor shops that consistently appear to offer lower pricing than the competitors. Examples are Walmart and Costco for consistently low costs.

Lower Prices saves Consumer's time

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which of the following policies redistribute income from young to old generations? check all that apply. an increase in the budget deficit greater investments in highways and bridges an increase in social security benefits more generous subsidies for education loans

Answers

The policies that redistribute income from young to old generations are b) greater investments in highways and bridges, d) more generous subsidies for education loans.

Greater investments in highways and bridges are policies through which the older generations benefit. The older generations do not have to make investments in highways and bridges and can benefit from the investments that are made by younger people.

More generous subsidies for educational loans allows the loans to be returned with a graceful amount that can be used by the older generations. An increase in loan subsidies will mean an increased amount of loan returns that can be given to the older generations.

The question can be written correctly as:

Which of the following policies redistribute income from young to old generations? check all that apply.

a) an increase in the budget deficit

b) greater investments in highways and bridges

c)an increase in social security benefits

d)more generous subsidies for education loans

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what would be the excel formula to compute the internal rate of return for this stream of cash flows for a $32,000 investment and cash inflows of $10,000 per year for years 1 through 4?

Answers

There would be the excel formula to compute the internal rate of return for this stream of cash flows for a $32,000 investment and cash inflows of $10,000 per year for years 1 through 4

IRR(−32000,10000,10000,10000,10000) Correct

What is the internal rate of return formula in Excel?

Using equal-sized payment periods as an assumption, Excel's IRR function determines the internal rate of return for a set of cash flows. The internal rate of return (IRR) formula, applied to the example data above, would be =IRR(D2:D14,. 1)*12, resulting in a 12.22% internal rate of return.

What is the internal rate of return calculation formula?

CF t = 0 + [CF t = 1 + (1 + IRR)] + [CF t = 2 + (1 + IRR)2] = Internal Rate of Return (IRR) = (Future Value Present Value)(1 Number of Periods) - 1. [CF t = n (1 + IRR)] +...  +

NPV = Cefni + (1 + IRR) = 0, etc.

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the office across from yours has been rented by a firm involved with marketing research. when you stop by to say hello, you see dozens of callers asking questions of people on the phone and recording their answers. most likely, this firm is involved with which step in the marketing research process?

Answers

The firm is most likely involved in collecting primary data in the marketing research process.

Collecting primary data is the first process of getting in touch with targeted consumers by asking relevant questions and recording their answers to know the marketability of goods and services. Two types of basic information collected comprised exploratory (lengthy interview with an individual) and specific (more precise and formal interview). Collection of primary data can be done through interviews, Interviews (phone or real-time), Surveys (online or mail), Questionnaires (online or by mail), Focus groups (targetted group), or Visits to competitors' locations.

Office employees are busy asking questions to people on calls and recording their answers which show they are involved in collecting primary data in the marketing research process.

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the furniture hut is offering a bedroom suite for $1,999. the credit terms are 60 months at $50 per month. what is the interest rate on this offer?

Answers

The annual interest on this offer is 17.28%

Credit terms specify when payments are expected for purchases made with credit, any potential discounts, and any interest or late payment penalties that may be charged. Credit conditions for sales on credit, for instance, can be 2/10, net 30. This indicates that payment must be made in 30 days (net 30). However, a 2% discount will be given if the customer pays within 10 days.

We use the following formula to compute the monthly payment for a loan with principal P, monthly interest rate r and number of monthly payments T:

[tex]{}\displaystyle \frac{Pr}{1 - (1 + r)^{-T}} {/}[/tex]

Applying the formula, the monthly interest rate on this loan is:

[tex]{}\displaystyle \frac{1,999*r}{1 - (1 + r)^{-60}} = 50 {}[/tex]

which yields:

r = 1.44%

The annual interest rate = 1.44%*12 = 17.28%

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How much time do many project managers recommend be allocated for training staff to facilitate a successful enterprise system implementation?.

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Most project managers recommend allocating two to four weeks for training staff to facilitate a successful enterprise system implementation.

What is system implementation?
System implementation
builds system elements that adhere to stakeholder requirements as well as system requirements established in the early life cycle phases using the framework created during architectural design and the outcomes of system analysis. These system components are then combined to create intermediate aggregates, which ultimately result in the entire system-of-interest (SoI). Check out system integration. In the system hierarchy, implementation is the process which actually results in the lowest-level system components (system breakdown structure). System components are created, purchased, or recycled. Production includes the software development processes of coding and testing, as well as the hardware fabrication techniques of forming, removing, joining, as well as finishing.

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GFI, Inc., a Hong Kong company, makes audio decoder chips, one of the essential components used in the manufacture of MP3 players. Egan Electronics contracts with GFI to buy 10,000 chips on an installment contract, with 2,500 chips to be shipped every three months, F.O.B. Hong Kong via Air Express. At the time for the first delivery, GFI delivers only 2,400 chips but explains to Egan that even though the shipment is less than 5 percent short, the chips are of a higher quality than those specified in the contract and are worth 5 percent more than the contract price. Egan accepts the shipment and pays GFI the contract price. At the time for the second shipment, GFI makes a shipment identical to the first. Egan again accepts and pays for the chips. At the time for the third shipment, GFI ships 2,400 of the same chips, but this time GFI sends them via Hong Kong Air instead of Air Express. While in transit, the chips are destroyed. When it is time for the fourth shipment, GFI again sends 2,400 chips, but this time Egan rejects the chips without explanation. Using the information presented in the chapter, answer the following questions.

1. Did GFI have a legitimate reason to expect that Egan would accept the fourth shipment? Why or why not?

2. Does the substitution of carriers for the third shipment constitute a breach of the contract by

GFI? Explain.

3. Suppose that the silicon used for the chips becomes unavailable for a period of time and that GFI cannot manufacture enough chips to fulfill the contract but does ship as many as it can to Egan. Under what doctrine might a court release GFI from further performance of the contract?

4. Under the UCC, does Egan have a right to reject the fourth shipment? Why or why not?

DEBATE THIS If a contract specifies a particular carrier, then the shipper must use that carrier or be in breach of the contract—no exceptions should ever be allowed.

Answers

Based on the Uniform Commercial Code:

GFI, Inc. DOES have a legitimate reason to expect that Egan would accept the fourth shipment if they see this batch of shipment as a replacement of the previous destroyed batch. The subtitution of carriers for the third shipment DOES constitute a breach of contract by GFI since the original contract already stated the particular carrier to be used. Morever GFI DID NOT inform Egan and ask for their agreement regarding the carrier changing decision.GFI could be released by court from further breach of contract if they could give a proper explanation and provide the conforming and acceptable goods.Yes. Basically, GFI has already breach the contract by changing the agreed carrier without noticing Egan beforehand and shipping the product in bad conditioned. Egan could decide to accept this current batch and reject the future batch based on UCC2 2-601.

Let discuss further to this case.

GFI DOES have a legitimate reason to expect that Egan would accept the fourth shipment.

Based on UCC 2-508 regarding The Product Replacement by Improper Tender or Delivery, GFI as the seller could deliver another batch of product to Egan to act as the replacement of the previous destroyed batch since the time of performance is not yet expired. However, GFI has to notify Egan first regarding this matter. Without any early notice, Egan has the right to reject the fourth shipment because Egan believes that the fourth shipment is count as a continuation and not act as the replacement of the previous shipment batch.

The subtitution of carrier for the third shipment DOES constitute a breach of the contract by GFI.

Based on UCC 2-504 regarding Shipment by Seller, the seller has to appoint a carrier to handle and be responsible to the goods and make a contract between both parties. The seller then have to notify the buyer about this shipping contract. In the case, GFI failed to notify Egan about the subtitution of carrier beforehand. As stated on UCC 2-504, any failure to inform the buyer could be seen as a breach of contract by the seller. Hence, GFI is at fault in this matter.

GFI could be released by court from further performance of the contract.

Suppose that GFI is failed to fulfill the contract in the given periode of time because of the material limitation, as long as GFI is able to make a conforming good for Egan, GFI will be save from breaching the contract. Based on UCC 2-606 regarding The Goods Acceptance of Constitutes, court will still tolerate GFI as long as GFI as the seller could provide a conforming good for Egan. The goods has to be accepted by Egan's standard first.

Egan HAS the right to reject the fourth shipment.

As we know from the story, GFI changed the carrier at the third shipment that leads to the arrival of destroyed goods without informing Egan beforehand. Based on UCC 2-504 this failure already put GFI at fault for breaching the contract. Additionally, on UCC 2-601 regarding the Buyer's Right on Improper Delivery, Egan has 3 rights to do with the goods they received:

Reject the whole; orAccept the whole; orAccept any commercial units and reject the rest.

In this case, Egan decided to take on the third option to accept the third shipment that arrived and reject the fourth--future--shipment.

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During this christmas season, as millions of houses and trees are being decorated by millions of strands of electric christmas lights, consumers are secure in using the electrical device because.

Answers

A private electrical regulation firm has inspected, tested, and UL-certified the safety of the electrical device before it entered the market.

An electrical code is a set of guidelines for the layout and setup of electrical wiring in a building. The intention of a code is to provide requirements to make sure electric wiring systems which can be safe for humans and belongings. Such wiring is a problem with rigorous safety requirements for design and installation.

Wires and electrical cables are distinct according to the circuit operating voltage and electric contemporary capability, with similar regulations in environmental situations, including ambient temperature range, moisture ranges, and exposure to daylight and chemicals. related circuit protection, manipulation, and distribution devices inside a construction's wiring gadget are difficult to voltage, contemporary and functional specification.

To ensure each wiring and related gadget are designed decided on, and hooked up in order that they're safe to be used, they are concerned with wiring safety codes or guidelines, which vary by means of locality, USA, or place.

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Achievement of strategic goals through organization development is likely to fail if
O it involves new-direction innovation
O top managers are not committed
O leaders employ an innovation strategy
O the organization does not understand the competition

Answers

Answer: Influence is the answer

Explanation:

your customer has performed the following trades bought 200 shares of abc at $40 bought 400 shares of abc at 50 sold 600 shares of abc at 55 what is the result of these trades?

Answers

The end result of those trades is D) A $5,000 gain.

The required details for trade in given paragraph

They offered two hundred at forty for $8,000; then four hundred at 50 for $20,000; then offered six hundred at fifty five for $33,000. $33k - $28k = income of $5,000.

Trade entails the switch of products and offerings from one character or entity to another, regularly in trade for money. Economists seek advice from a system or community that lets in exchange as a market. An early shape of exchange, barter, noticed the direct trade of products and offerings for different items and offerings, i.e. buying and selling matters with out using money. Modern buyers commonly negotiate thru a medium of trade, which include money. As a end result, buying may be separated from selling, or earning. The invention of money significantly simplified and promoted exchange. Trade among buyers is called bilateral exchange, even as exchange related to greater than buyers is called multilateral exchange.

In one contemporary-day view, exchange exists because of specialization and the department of labor, a principal shape of financial activity wherein people and businesses deal with a small component of production, however use their output in trades for different merchandise and needs.

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the board of directors has moved further into reviewing the liabilities of abc company. they wish to learn more about the payroll requirements of abc company. using the spreadsheet below, complete the workbook for one payroll cycle.

Answers

the spreadsheet below, complete the workbook for one payroll cycle.

Payrolling is releasing a company's responsibility for its workforce and placing its personnel in the service of a payroll organization.

The incorporation of legal and administrative obligations, such as salary administration and payment, collection of social benefits, contract management, and, for example, pensions from a payroll undertaking, is accomplished through payroll construction. Personnel that is paid in accordance with a payroll construction is covered by a different collective employment agreement (CAO) than the one that is valid in the relevant business sector.

A Unitized-CAO is frequently contacted for payroll issues. Payroll companies are nonetheless legally obligated to use a number of the Payroll Constructions' internal controls to advance worker protection. This toe passing was further hindered by the complaints of the cantons of Rotterdam and Almelo on December 21 and March 21, respectively.

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a deficiency that implies that there is a reasonable possibility of misstatement in the financial statements that is significant but not material is:

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A deficiency that implies that there is a sensible opportunity of misstatement in the financial statements that is extensive however not material is: A. A fabric weakness.

What is the distinction between fabric weak spot and enormous deficiency?

A giant deficiency is a deficiency, or a combination of deficiencies, in inside manipulate over financial reporting, that is much less severe than a cloth weakness yet essential enough to advantage attention by way of these responsible for oversight of the company's financial reporting.

What is fabric misstatement examples?

Some misstatements are now not widespread by means of magnitude but are material by means of their nature. For example, a loan advanced to a director of a company, then again small, is fabric due to the fact the users of economic statements will cost such data for decision making purposes. Misstatements occur from either fraud or error.

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he income effect of a wage increase will cause a worker to devote question content area bottom part 1 a. less time to labor and less time to leisure. b. more time to labor and less time to leisure. c. more time to labor and more time to leisure. d. less time to labor and more time to leisure.

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D) A pay increase's income effect will cause a worker to devote less time to labor and more time to leisure.

What is the income effect?

The income effect is a shift in demand for a commodity or service caused by a shift in a consumer's purchasing power, which is caused by a shift in their real income. It is a component of consumer choice economic theory relating to how affluent customers feel.

The income effect is a shift in demand for a commodity or service caused by a shift in a consumer's purchasing power, which is caused by a shift in their real income. It is a component of consumer choice economic theory relating to how affluent customers feel.

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the correct equation to calculate the break-even price which includes fixed and variable costs is expressed as:

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To calculate the break-even price in units use the formula: Break-Even price  = Fixed Costs ÷ Sales price per unit – Variable costs per unit

Variable costs per unit divided by the sale price per unit. How to Work Out the Break-Even Price in Sales Dollars

Contribution Margin Fixed Costs

Fixed costs: These expenses normally don't vary or just marginally do. Monthly rent and utility charges are two examples of fixed costs a firm may have.

Contribution Margin: Contribution Margin is the price difference between a product's selling price and its manufacturing expenses.

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