Abel and Carr formed a partnership and agreed to divide initial capital e .
The problem created by this price ceiling is the inefficient allocation of theater tickets. With excess demand, some consumers who are willing to pay the higher equilibrium price are unable to obtain tickets at the controlled price. Additionally, the shortage may lead to non-price rationing mechanisms such as long queues or black market activities.
Students Have Also Explored These Related Model Based Testing For Embedded Systems Questions!
The wind turbines are expected to last five years, have a salvage value of $36,000, and be depreclated using the straight-line method. Compute depreclation expense for the last three months of the first year. Developing a strong safety culture will be critical, as will engaging with policymakers and regulators to ensure that the technology is well-understood and widely accepted. Ultimately, the benefits of automated automobiles are likely to outweigh the drawbacks, and the auto industry must move forward with the development of these vehicles. Some benefits of automated automobiles include improved safety, reduced congestion, and the ability to move more people on the same infrastructure. In activity-based costing, an activity can involve several related tasks.
Students who ask this question also asked
- In this case, the variable cost of goods sold for the order amounts to $37 per unit, while the variable selling and administrative costs equal $25 per unit.
- In summary, business models are essential for external stakeholders as they provide valuable information about a company’s value proposition, revenue generation, and overall sustainability.
- So John should perform 900 repairs per week at a price of $110 per repair to maximize his profits.
- With this, Duracell shifted its focus from price to quality, which had a positive impact on its sales and profitability.
It helped to raise the bar in terms of quality in the industry.In 1996, Gillette acquired Duracell in order to diversify its product line and gain a foothold in the battery industry. Hence, the company’s cost of common equity if all of its equity comes from retained earnings is 9.75%. “Combine losses” and “split up gains” are related to prospect theory, which is a behavioral economics theory that explains how individuals make decisions under risk and uncertainty. In summary, business models are essential for external stakeholders as they provide valuable information about a company’s value proposition, revenue generation, and overall sustainability. They help stakeholders make informed decisions, evaluate the company’s potential, and determine their level of engagement with the organization. Personal value refers to the subjective worth or importance that someone places on a good or service.
Disadvantages of automated automobiles include ethical, legal, and social issues. For instance, there are concerns about who would be held liable in the event of an accident and how to protect people from hacking. There are also concerns about the impact of automation on the economy, such as job loss and a reduction in tax revenue for roads and bridges. A strategic procurement plan is a business document that outlines the procurement strategies and objectives of a company. A procurement plan outlines the purchasing requirements, sourcing options, and procurement methods for each category of products and services. A futures contract is a legally binding agreement to buy or sell a specified commodity, currency, or asset at a predetermined price and date in the future on a regulated commodity futures exchange.
The personal value of a good or service is determined by the individual consumer based on his or her needs, preferences, tastes, and other factors. Options 3, 4, 5, 6, 7, 8, 9, and 10 are incorrect because they are not true about forwards and futures. Where USL is the upper specification limit, LSL is the lower specification limit, and the factor 6 represents six standard deviations. Therefore, the journal entry at the date of the bond purchase is as shown above. No premium or discount is mentioned in the information provided, so we assume that the bonds were purchased at face value ($90,000) plus any transaction costs or fees incurred.
Related questions
When considering factors that shift demand curves, a rise in the price of substitutes and a rise in the price of complements will decrease the market demand for a product. A drop in the price of substitutes and a rise in income (for a normal good) will increase the market demand for a product. When the price of substitutes goes up, it decreases the demand for the good that they are substituting. For example, if the price of tea increases, the demand for coffee will increase because they are both substitutes for each other.
The Bonds Payable account is debited for the purchase price of the bonds, Abel And Carr Formed A Partnership And Agreed To Divide which is $93,227. This represents the initial investment made by Grouper Aggregates Ltd. in purchasing the bonds. So John should perform 900 repairs per week at a price of $110 per repair to maximize his profits.
Approved Answer
- Prospect theory suggests that individuals tend to evaluate and weigh potential gains and losses differently.
- Hence, the company’s cost of common equity if all of its equity comes from retained earnings is 9.75%.
- ABC is a costing methodology that assigns costs to specific activities performed within an organization.
- However, the supply curve would be vertical, representing the limited supply of theater tickets.
Futures contracts, unlike forwards, are standardized, which means they are traded on exchanges and are subject to regulations regarding margin and settlement requirements. The cash collections for credit sales are expected to be 70% in the month of sale and 30% in the month following the sale. The expected cash collections from customers in December are $221,000. Ultra enabled Duracell to differentiate itself from other competitors and position itself as a premium brand.
Given the above information, it is concluded that the likely cause of this issue is that the supply levels of raw materials are inadequate. The purpose of debiting Carr’s unidentifiable asset account is to equalize the capital balances of the partners. By debiting the account, it reduces the value of Carr’s capital account, reflecting the bonus received. This adjustment ensures that each partner’s capital account reflects their relative contributions to the partnership. Frederic Chopin, a Polish composer and pianist, is known for his unique compositional style characterized by elaborate, decorative melodies, colorful harmonies, and the use of rubato.
A rise in the price of complements decreases the demand for the main good. For example, if the price of petrol goes up, the demand for cars goes down because petrol and cars are complementary goods. A rise in income (for a normal good) increases the purchasing power of consumers and leads to an increase in demand for normal goods, such as food, clothing, and shelter. If people earn more income, they will buy more normal goods because they can now afford them. To find the present equilibrium price, we look for the price at which the quantity demanded equals the quantity supplied.
Stuck with a Question?
Finding the monetary value of something the person would willingly trade in exchange for the good or service is one way to quantify the personal value of a good or service. Additionally, it could have made more investments in research and development to create new products for the battery industry. Also, Gillette could have created more innovative products that could have attracted more customers towards the Duracell brand and increased its profitability. ABC is a costing methodology that assigns costs to specific activities performed within an organization. These activities are the basic units of work that consume resources and drive costs. An activity can be a distinct process, operation, or function that contributes to the production of goods or services.
This entry reflects the use of funds to acquire shares of Dakota Company’s common stock. This approach takes into account the consumer’s willingness to pay and willingness to give up other goods or services as a way of measuring the value of the good or service to him or her. Futures do not guarantee a more closely matched hedge than forwards do, even though they are standardized and traded on an exchange. They are less customized than forwards and are typically used by traders and investors to speculate on price movements in the underlying commodity or asset.