The reason why sellers in a perfectly competitive market have no control over price is that they need to compare their price with other seller.
What is competitive market?A competitive market is a market structure that doesn't allow single consumer or producer to make decision about the market.
In this market seller needs to compare their price and product with other seller before making decisions.
Therefore, competitive market does not allow a single entity to make decision.
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Glenn and mary's house was damaged by a hurricane in 2017. the fair value of their home before the hurricane was $150,000. after the hurricane, the fair value of their home was $125,000. they received $10,000 from their homeowners' insurance policy. what is their casualty loss deduction for 2017, if their adjusted gross income was $40,000?
Sabrina decided to start selling lemonade on her street. the other kids in the neighborhood noticed that sabrina was making a lot of money selling lemonade. these kids decided to open their own lemonade stand. when they opened their own lemonade stand, the equilibrium price ________ and the equilibrium quantity ________
A bag contains 10 marbles: 6 are green, 2 are red, and 2 are blue. Frank chooses a marble at random, and without putting it back, chooses another one at random. What is the probability that the first marble is green and the second is red? Write your answer as a fraction in simplest form.
The bank discounts an $8,750 non-interest-bearing simple discount note at 6% for 60 days. what is the discounted amount?
Why do customers have privacy concerns about frequent shopper programs that supermarkets offer, and what can supermarkets do to minimize these concerns?
The soma inn is trying to determine its break-even point. the inn has 75 rooms that are rented at $56 a night. operating costs are as follows. salaries $10,100 per month utilities 2,900 per month depreciation 1,500 per month maintenance 800 per month maid service 7 per room other costs 31 per room
An investment will pay you $91,000 in five years. assume the appropriate discount rate is 6.25 percent compounded daily. what is the present value?
The present value of an investment that will provide $91,000 in five years, with a discount rate of 6.25% compounded daily, can be calculated using the formula for present value with daily compounding: PV = FV / (1 + r/n)^(nt), where r = rate, n = number of compounding periods, t = time and FV = future value. Substituting the given values into the formula will yield the present value.
Explanation:The subject of this question falls into the area of financial mathematics, more specifically the concept of present value. The present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return. In this specific case, you want to know how much you should be willing to invest today in order to receive $91,000 in five years time assuming a discount rate of 6.25% compounded daily.
Here's the step-by-step process using the formula for calculating the present value compounded daily: PV = FV / (1 + r/n) ^ (nt). Present value (PV) is what we're trying to find. Future value (FV) is the $91,000 you expect in five years. The rate (r) is the discount rate of 6.25% (expressed as 0.0625 in calculations). n stands for the number of compounding periods in one year, so if compounding is daily, n is 365. And t is the time in years, which is 5 in this case.
So let's substitute these values into the formula, PV = $91,000 / (1 + 0.0625 / 365)^(365*5). After doing the calculations, the result you'd get is the present value of the investment.
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Grahanna publishing produces learning materials for middle school, high school, college, and professional certification courses. because these customers' needs are so diverse, the company established separate divisions for each group. based on this information, grahanna publishing uses _______ departmentalization.
Guiding, teaching, and supervising employees are activities associated with:
A company's ability to productively utilize its assets relative to its revenue and its profits is referred to as
The answer is efficiency. Efficiency is a way of having to be efficient or having to be more organized and timely in which can be describe to a company that has the ability of utilizing their assets to its relative revenue.
In 2011, harris optical lost $450,000 in missing merchandise. as a result, it developed a plan in which employees in 2012 would share half of each dollar under $450,000 that was lost. harris optical is using a ______ plan.
Harris Optical's plan to share half of each dollar saved under the previous year's loss amount with employees is known as a gainsharing plan. It is designed to incentivize employees to work together to reduce losses and improve the company's financial performance.
In 2011, Harris Optical lost $450,000 in missing merchandise and subsequently created a plan to motivate employees to reduce these losses. The company designed an incentive structure where employees would share half of each dollar saved under the $450,000 that was previously lost. This type of initiative is known as a gainsharing plan. Gainsharing is essentially a companywide program where employees are rewarded for performance improvements compared to past figures.
Through programs like this, the savings generated by reducing losses or increasing productivity are shared with employees, essentially tying their rewards to their collective performance. These types of plans encourage collaboration, ideas for improvement, and a vested interest in the success of the company, leading to potential turnaround from losses to profitability. Gainsharing is beneficial because it aligns the interests of the employees with the financial health of the organization.
According to scott's rule, if the number of values is 51, the recommended number of cells in the histogram is:
Rolston corporation is comparing two different capital structures, an all-equity plan (plan i) and a levered plan (plan ii). under plan i, rolston would have 190,000 shares of stock outstanding. under plan ii, there would be 140,000 shares of stock outstanding and $2.00 million in debt outstanding. the interest rate on the debt is 8 percent and there are no taxes.
a. if ebit is $625,000, what is the eps for each pla
Yoonsuh, the chief technology officer at namkoong appliances, is in the process of identifying the results she wants her company to achieve next year. she knows where she wants her company to reach and also has an idea of how far off the desired mark the company will be along the way. she is most likely in the process of:
You are the chief financial officer of davidson industries. on multiple occasions, you have engaged in insider trading but have never been able to earn any abnormal returns. which form of market efficiency most likely exists given your situation?
There is a provincial construction supervisor who gets to hire all of the housing inspectors.
Which of these is a worker who is NOT covered by the OSH Act?
Answer:
These are the workers or employees which are not covered by OSHA Act:
Self-employed people or workers,The family farms which do not cover the criteria set by the institution(OSHA).The local government and state employees of those companies which are not registered with the OSHA.Explanation:
OSH(Occupational safety and health):The OSH Act is basically embodied to provide the basic facilities to all the workers associated with the projects that that are registered OSHA(Occupational Safety and Health Administration).
While the OSH Act does covers mostly the employees of the private sector. But, it does have some exemptions to that as it does not cover most of the employees due to there employer being unregistered with the institution.
As a sojourner sent by her company, robin would like to spend some time establishing a friendship with a member of the new culture and exploring the countryside. these goals are called ______________ goals.
Robin's goals of building friendships and exploring the countryside in a new culture are termed cultural assimilation goals, reflecting a deep interaction with and learning from the local way of life.
The goals Robin has for spending time in a foreign land and establishing a friendship while exploring the countryside are referred to as cultural assimilation goals. Such goals are an essential component of adapting to a new environment, including learning a new language, understanding the new customs, and integrating oneself into the local culture.
By spending time with members of the new culture and exploring, Robin is hoping to build social connections that transcend cultural barriers and also gain a deeper appreciation and understanding of the host country's way of life. Similar experiences have been shared by travelers and sojourners throughout history, as described in various narratives where individuals immerse themselves into a local culture to find peace, harmony, and personal growth away from their familiar settings.
What type of graphic illustrates changes in data over time?
Project managers are ultimately responsible for quality management on their projects.
a. True
b. False
The act of supervising all activities and tasks required to maintain a desired level of excellence is known as quality management. The Project managers are ultimately responsible for quality management on their projects. Thus, the statement is true.
What is quality management?Quality management entails developing a quality policy, developing and implementing quality planning and assurance, as well as quality control and quality improvement. It ensures that an organisation, product, or service operates consistently well. It is made up of four major parts: quality planning, quality assurance, quality control, and quality improvement. Quality management is concerned not only with the quality of products and services, but also with the methods for achieving it.
In general, the project manager is in charge of the entire quality management process. Some projects may also require a quality assurance person or quality experts to play specific roles.
Therefore, quality management is the responsibility of the project manager.
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During the ________ stage of group development, work behaviors evolve into a sharing of information, acceptance of different opinions, and positive attempts to make decisions that may require compromise, as the members set the rules by which the team will operate.
Expansion of foreign debt leads to an obligation for future interest payments that are ___________ the american economy
Ue or false: increasing the number of stocks in a portfolio reduces market risk.
a. True
b. False
Feather friends, inc., distributes a high-quality wooden birdhouse that sells for $80 per unit. variable expenses are $40.00 per unit, and fixed expenses total $200,000 per year. its operating results for last year were as follows:
Jay and jim spears own a lawn irrigation system business. they perform installations and maintenance of these systems. several of their customers are golf courses, but they serve a large group of residential customers as well. when they started the business 10 years ago, they made a pact to always operate within the legal limits of the law, but lately, the competition is eating them alive. local competitors have hired illegal immigrants to perform the manual labor. they do not pay taxes on these employees; they just pay them in cash at the end of the week. employment taxes are a burden for small businesses. jay and jim do not want to hire illegal workers. there's a risk if you permit an illegal worker to drive a truck, or if he/she has an accident on the job. you have just studied business ethics in your class. you inform this partnership that:
Jay and Jim does not only take a chance that a bigger problem may occur, since they foresee that there is a risk if they permit an illegal worker to drive a truck and has an accident on the job but they are also indirectly setting the ethics code for their firm.
Maggie has an evening janitorial job. she sometimes takes a book to work and reads when she should be working. this is an example of the ______ problem.
The answer is: the principal-agent problem.
The principal-agent problem refers to a situation when the action/decision made by a single individual could affect the whole organization where that individual belong.
By reading the the book and neglecting the job, Maggie could tarnish the reputation of the janitorial company where she works. This could make the whole company receive less order in the future.
What is business etiquette
Business etiquette consists of the accepted standards of behavior in a professional setting, which covers aspects like communication, appearance, time management, and greeting methods. It is crucial for making a good first impression and includes specific considerations for email and texting. Professionalism should be maintained across all forms of interaction to foster successful business relationships.
Business etiquette refers to the standard behaviors and expectations that govern interactions within the professional environment. These unwritten rules of conduct can include a wide range of practices, such as effective communication, dressing appropriately, time management, and the proper way to greet colleagues and clients. Creating a good first impression, email etiquette, and maintaining a degree of professionalism in all forms of business communication are paramount to a successful working relationship and career advancement.
Email etiquette is especially critical as most business communications are conducted over email. The rules for email each carry a specific purpose, such as using a clear subject line, being concise, avoiding the use of slang or overly casual language, and remembering to use a professional greeting and signature. It is essential not to let your standards slip, even when communicating with those who may not be as meticulous.
Similarly, in the realm of business texting or netiquette, maintaining professionalism is equally important. Text messages in a business context should be purposeful, brief, and devoid of emoticons or informal shorthand that could be misconstrued or deemed unprofessional. Guidelines for business etiquette extend beyond digital communication, encompassing all aspects of interpersonal interactions as well, such as handshakes, body language, and personal space.
Jodi just described how best buy's new program required a very different way of defining work. because the hours are no longer imposed by the organization but are rather left up to the individual, best buy will need individuals with certain skills like time management and the ability to work independently. where would best buy include these requirements?
What is the future value of $375 at an interest rate of 3 percent one year from today? a. $371.75 b. $393.33 c. $386.25 d. none of the above are correct to the nearest cent?
True or false: the new contract that you negotiate with labor will take affect starting january 1st of the year the contract is renegotiated.