All sales are made on credit. Based on past experience, the company estimates 2. 0% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Two companies report the same cost of goods available for sale but each employs a different inventory costing method.

If the price of goods has increased during the period, then the company using the LIFO (Last-In, First-Out) inventory method will report lower net income compared to the company using the FIFO (First-In, First-Out) method.

This is because under the LIFO method, the most recent, and likely more expensive inventory items are assumed to be sold first, leaving the older and cheaper items in inventory.

As a result, the cost of goods sold is higher, and gross profit and net income are lower. In contrast, under the FIFO method, the older and cheaper inventory items are assumed to be sold first, leaving the more recent and expensive items in inventory. This results in a lower cost of goods sold, higher gross profit, and higher net income.

To know more about inventory costing method refer to-

https://brainly.com/question/17097250

#SPJ11

The year-end balance sheet related to this contract would show a net asset position of $3 million ($6 million in accounts receivable and construction in progress, less $3 million in contract liability).

Based on the information given, the construction company has entered into a fixed-price contract to build an office building for $18 million. As of the end of the first year, the company has incurred construction costs of $6 million and estimates that it will incur an additional $9 million in costs to complete the project.

The company also billed its customer $6 million during the first year, of which $3 million was collected before year-end.

Since the company recognizes revenue over time according to percentage of completion, the year-end balance sheet would show the following:

Accounts receivable: The amount of revenue recognized during the year but not yet collected, which is $3 million.

Construction in progress: The amount of costs incurred to date that have not yet been billed to the customer, which is $3 million ($6 million in costs incurred less $3 million in billing).

Contract liability: The amount of revenue recognized during the year that has not yet been earned, which is $3 million ($6 million in billing less $3 million in revenue recognized).

To learn more about contract click on,

https://brainly.com/question/13037532

#SPJ4

Measures of central tendency such as mean, median, and mode are useful for describing a set of data, while different types of averages such as arithmetic, geometric, and harmonic means have specific uses.

(a) Mean, Median, and Mode are all measures of central tendency used in statistics to describe a set of data. The mean is the average value obtained by adding all the values together and dividing by the number of values. The median is the middle value when the data is arranged in order, and the mode is the value that appears most frequently.

The advantage of using the mean is that it is easy to calculate and provides a single value that summarizes the entire data set. However, it can be sensitive to outliers. The median is a good measure to use when the data is skewed, as it is not affected by outliers. The mode is useful when looking for the most common value, but may not be representative of the data as a whole.

(b) The arithmetic mean, geometric mean, and harmonic mean are all types of averages used to describe a set of data. The arithmetic mean is the sum of all values divided by the number of values, the geometric mean is the nth root of the product of n values, and the harmonic mean is the reciprocal of the arithmetic mean of the reciprocals of the values.

The arithmetic mean is the most commonly used type of average and is useful when dealing with data that is normally distributed. The geometric mean is useful for calculating growth rates and averages of ratios, and the harmonic mean is used to calculate average rates when dealing with rates that vary over time.

(c) Nominal, ordinal, interval, and ratio measurement scales are used to classify data based on the level of measurement. Nominal data is used to classify data into categories, ordinal data is used to rank data in order, interval data is used to measure data on a scale where the distance between values is known, and ratio data is used to measure data on a scale where the distance between values is known and the value of zero represents the absence of the variable being measured.

Nominal data is the lowest level of measurement and is used for categorical data such as gender or color. Ordinal data is used to rank data such as education levels. Interval data is used for measurements such as temperature where zero does not represent the absence of the variable being measured. Ratio data is used for measurements such as weight where zero represents the absence of the variable being measured. The appropriate use of each measurement scale depends on the type of data being collected and the analysis being conducted.

To learn more about central tendency

https://brainly.com/question/26220590

#SPJ4

The amount of the expected dividend in year 4 is $1.7281 per share.

To calculate the expected dividend in year 4, we need to use the dividend growth formula, which is;

[tex]D_{n}[/tex] = [tex]D_{0}[/tex] x [tex](1+g)^{n}[/tex]

Where;

[tex]D_{n}[/tex] = the expected dividend in year n

[tex]D_{0}[/tex] = the dividend in the base year (last year)

g = the annual dividend growth rate

n = the number of years in the future

We are given that the dividend in the base year was $1.64 per share, and the annual dividend growth rate is 1.3 percent. Therefore;

[tex]D_{0}[/tex] = $1.64

g = 1.3% = 0.013

n = 4 (since we want to calculate the expected dividend in year 4)

Plugging in these values, we get:

[tex]D_{4}[/tex] = $1.64 x (1+0.013)⁴

[tex]D_{4}[/tex] = $1.64 x 1.0533

[tex]D_{4}[/tex] = $1.7281

Therefore, the expected dividend in 4 year is $1.7281.

To know more about dividend growth here

https://brainly.com/question/29744802

#SPJ4

A government that utilizes a free-market economy and gives its citizens greater individual control over politics can be classified as a democratic government. In such a system, the government is elected by the people through a fair and transparent voting process, and the power rests in the hands of the citizens.

The free-market economy allows for businesses to operate freely, with minimal government intervention, and for individuals to make their own economic decisions.
In the United States, for example, the Constitution enshrines the principles of democracy, including the separation of powers, the protection of individual rights, and the rule of law. The government is made up of three branches, the executive, legislative, and judicial, which are designed to check and balance one another. The country's political system is characterized by free and fair elections, a free press, and the protection of civil liberties.
Similarly, in Japan, the government is based on democratic principles, with a parliamentary system and a constitution that protects individual rights and freedoms. The country has a free-market economy that is highly developed and is one of the largest in the world.
In both countries, citizens are encouraged to participate in the political process and have a say in the decisions that affect their lives. They are also free to pursue their own economic interests, with minimal government interference. Overall, a government that utilizes a free-market economy and gives its citizens greater individual control over politics can be classified as a democratic government, where the power ultimately rests with the people.

for more such questions on  democratic

https://brainly.com/question/14483401

#SPJ11

The payoff for a European Put Option written on Company A equity, with a time to maturity of 1 year and a strike price of $35, is $23.409 in the up scenario and -$6.911 in the down scenario.

To calculate the payoff for a European Put Option written on Company A equity, we need to first determine the possible future stock prices at the end of the one-year time period.

Given that the stock price could either increase or decrease by 35%, we can calculate the possible future stock prices as follows:

u = 1.35

d = 0.65

S0 = 43.26

K = 35

Possible future stock prices:

Su = S0 * u = 43.26 * 1.35 = 58.409

Sd = S0 * d = 43.26 * 0.65 = 28.089

Next, we can calculate the payoff for the European Put Option written on Company A equity, assuming a strike price of $35:

If the stock price is greater than the strike price (i.e., the option is out of the money), the payoff is 0.

If the stock price is less than or equal to the strike price (i.e., the option is in the money), the payoff is the difference between the strike price and the stock price.

Payoff for the up scenario:

Su - K = 58.409 - 35 = 23.409

Payoff for the down scenario:

Sd - K = 28.089 - 35 = -6.911 (note the negative sign, since the option is out of the money)

learn more about Stock price here:

https://brainly.com/question/16881376

#SPJ11

The correct answer to indicating whether contribution revenue should be recorded (Yes or NO)

1. No

2. Yes

3.No

4.Yes

1. Volunteers worked as sales assistants in a not-for-profit hospital snack shop.
Contribution revenue: No

2. A psychiatrist volunteered several hours each week at a not-for-profit counseling center to assist persons with alcohol and drugs addiction.
Contribution revenue: Yes

3. A member of a church volunteered to repaint the church’s activities room to make it more attractive. Church leaders had not planned to repaint the room.
Contribution revenue: No

4. An architect provided pro bono design services for the planned remodeling of a local museum.
Contribution revenue: Yes

In situations 2 and 4, contribution revenue is recorded because the services provided are specialized and would typically need to be purchased if not donated. In situations 1 and 3, the services provided are more general and not considered specialized, so contribution revenue is not recorded.

To know more about revenue , refer here :

https://brainly.com/question/28558536#

#SPJ11

When officer is working on a particularly difficult case, the other members of the team are often unwilling to help that officer with tasks leading to the wasted efforts and increased overtime. This is an example of a dysfunctional team dynamic or a lack of teamwork.

The police department's system of individual rewards and promotions based on outperforming one's team members creates a competitive rather than a collaborative environment, where officers are incentivized to prioritize their own success over the success of the team as a whole.

In such an environment, officers may be reluctant to help their colleagues because they do not want to sacrifice their own chances for recognition and advancement. This can lead to wasted efforts, increased overtime, and a lack of overall efficiency. To address this issue, the police department may need to reevaluate their reward and promotion system and encourage more collaboration and teamwork among their officers.

To know more about dysfunctional team here

https://brainly.com/question/29831913

#SPJ4

The equivalent annual cost (EAC) is a useful tool for comparing the cost of owning and operating a machine over a given period. To calculate the EAC, we need to consider the initial cost, annual maintenance and operation cost, and the lifespan of the machine. In this case, the EAC of the precision lathe is $12,931.69 per year, assuming a discount rate of 10% and a lifespan of four years.

The EAC is the annual cost of owning and operating a machine over a given period, assuming that the cost is spread evenly over each year. To calculate the EAC of a precision lathe, we need to consider the initial cost, annual maintenance and operation cost, and the lifespan of the machine.

In this case, the initial cost of the lathe is $16,000, and it will cost $26,000 per year to operate and maintain. The lifespan of the machine is four years. The discount rate is 10%, which means that we need to consider the time value of money when calculating the EAC.

To calculate the EAC, we need to use the following formula:

EAC = (C - S) / (a * (1 + r)^(n-1)) + s

Where:

C = the initial cost of the machine

S = the salvage value of the machine at the end of its lifespan

a = the annuity factor

r = the discount rate

n = the lifespan of the machine

s = the annual maintenance and operation cost

The annuity factor can be calculated using the following formula:

a = (1 - (1 + r)^-n) / r

Using the given values, we can calculate the annuity factor as follows:

a = (1 - (1 + 0.1)^-4) / 0.1

a = 2.775

We can now calculate the EAC as follows:

EAC = (16000 - 0) / (2.775 * (1 + 0.1)^(4-1)) + 26000

EAC = $12,931.69

Therefore, the equivalent annual cost of the precision lathe is $12,931.69 per year.

Click the below link, to learn more about annual cost :

https://brainly.com/question/13993790

#SPJ11

No, college failure to report crimes cannot be viewed as exogenous sample selection in this case.

Exogenous sample selection refers to a situation where the selection of a sample is based on some factors that are unrelated to the outcome being studied. In the example given, the failure to report crimes by some colleges is likely related to the outcome being studied (i.e., campus crimes).

Colleges that have a higher incidence of campus crimes may be more likely to underreport or not report crimes at all. Therefore, the sample selection is not exogenous, and it may introduce bias into the estimates. To obtain unbiased estimates, one may need to adjust for the non-random sample selection or use a different sampling method that ensures a random selection of colleges.

To learn more about Exogenous sample . here

https://brainly.com/question/28465008

#SPJ4

Divide the variation in production costs by the variation in quantity to determine marginal cost. Finding the point at which an organization can realize economies of scale to improve production and overall operations is the goal of marginal cost analysis.

By dividing the increase in production expenses by the rise in unit output, marginal cost is obtained. For instance, a business initially spends $100 to produce 100 product units. Then, it spends an additional $50 to produce 100 more units of the product.

Each unit initially costs $1 to produce. The total cost of all the production elements is what it costs to produce a certain level of output. When analyzing economic data, economists frequently employ models with two inputs: physical capital with quantity K and labor with

To learn more about production, click here.

https://brainly.com/question/30333196

#SPJ4

A management company is chosen by the owner of the hotel real estate and business to run the hotel business on their behalf under the terms of a hotel management contract.

Some management companies also own their own brands, in which case the hotel would be run under that brand. An agreement between a management business (or operator) and a property owner is known as a hotel management contract.

Under this agreement, the operator agrees to manage the property by giving direction, oversight, and expertise using predetermined methods and procedures. The most popular types of business ownership include corporations, which can be taxed as either C corporations or S corporations, limited liability partnerships.

To learn more about business, click here.

https://brainly.com/question/15826604

#SPJ4

The question is incomplete complete question is given below

A. Hotel Management Agreement (HMA)

B.  Franchise Operators Agreement

C.  Business's operations

D. Lifecycle management

The clause of the Fourteenth Amendment is the equal protection clause.  In Brown v. Board of Education of Topeka (1954), the issue was whether the segregation of public schools was based on race. San Antonio Independent School District v. Rodriguez case outcome is regarding equal opportunity being affected by federalism.

a. The clause of the fourteenth amendment that is common to both Brown v. Board of Education of Topeka (1954) and San Antonio Independent School District v. Rodriguez (1973) is the equal protection clause.

b. In Brown v. Board of Education of Topeka, the issue was the segregation of schools based on race, which the Supreme Court ruled was unconstitutional and a violation of the equal protection clause. In San Antonio Independent School District v. Rodriguez, the issue was the funding of schools based on property taxes, which the Supreme Court ruled did not violate the equal protection clause as it was not a purposeful discrimination against any group or class.

c. The outcome in San Antonio Independent School District v. Rodriguez demonstrates how public policy regarding equality of opportunity is affected by federalism in the United States because it allows states to have control over their own educational systems and funding, which can lead to disparities in resources and opportunities for students in different areas. The Supreme Court's decision, in this case, upheld the state's right to determine its own funding system, even if it resulted in unequal educational opportunities for students. This highlights the challenge of balancing state autonomy with the federal government's responsibility to ensure equal protection and opportunity for all citizens.

Learn more about Educational systems: https://brainly.com/question/8461796

#SPJ11

As a Business Development Executive at ABC Corporation, an e-marketing plan is essential to adapt to the digital trend and stay vibrant on various online platforms. The e-marketing plan will outline the strategy to effectively reach and engage with potential customers through digital channels.

1. Situation Analysis: Assess the current online presence and digital marketing efforts of the company, analyzing the strengths, weaknesses, opportunities, and threats (SWOT).

2. Objectives: Define specific, measurable, achievable, relevant, and time-bound (SMART) goals for the e-marketing plan, such as increasing website traffic, boosting online sales, or improving social media engagement.

3. Target Market: Identify and segment the target audience based on demographics, psychographics, and online behavior to better understand their preferences and needs.

4. Digital Channels: Choose the appropriate digital platforms to connect with the target audience, including social media, email marketing, search engine optimization (SEO), pay-per-click advertising (PPC), and content marketing.

5. Content Strategy: Develop engaging and valuable content tailored to the target audience to attract, inform, and convert them into customers. This includes blog posts, videos, infographics, and social media posts.

6. Budget Allocation: Allocate the marketing budget to the chosen digital channels, taking into account the resources required for content creation, advertising, and analytics.

7. Monitoring and Measurement: Implement analytics tools to track the performance of the e-marketing plan, analyzing key performance indicators (KPIs) such as click-through rates, conversions, and return on investment (ROI).

8. Optimization and Improvement: Use the data gathered from monitoring to adjust and improve the e-marketing plan, focusing on the most effective strategies and tactics.

By implementing this e-marketing plan, ABC Corporation can leverage the power of digital channels to reach a wider audience, engage with potential customers, and drive business growth.

Know more about "e-marketing plan".

https://brainly.com/question/30561679

#SPJ11

Werner is a security manager for a health insurance company. He is examining the organization's compliance with patient privacy while investigating how staff handle verbal and email communications, he discovers that some staff members are lax about how well they protect details that, when combined, might be used to reveal sensitive details about some customers. The focus of his concern is "ensuring the protection of patient privacy".

Health insurance is a type of insurance coverage that provides financial protection and assistance for medical and healthcare expenses incurred by an individual or a group. It is an agreement between the insurance provider and the policyholder, where the policyholder pays a premium to the insurance provider, and in return, the provider agrees to cover a portion or all of the healthcare costs

The Health Insurance Portability and Accountability Act (HIPAA) requires healthcare organizations to implement appropriate measures to safeguard patient information.

The reason of the ensuring the protection of patient privacy due to Werner's focus is on ensuring that staff members are properly trained and adhering to the organization's policies and procedures for protecting patient privacy in verbal and email communications.

To know more about health insurance here,

https://brainly.com/question/29042328

#SPJ4

The Net Promoter Score (NPS) for Thoughts and Prayers, LLC  is 45%. The pros of NPS are simplicity, convenience, and focus on customer experience improvement. The cons of NPS are incomplete picture, influenced by unrelated to company or products, and does not account for strength of customers' feeling.

The Net Promoter Score (NPS) for Thoughts and Prayers, LLC can be calculated using the given information as follows:

1. Identify the percentage of promoters (those who responded with a 9-10): 60 responses in the 9-10 range out of 100 total responses, so (60/100) * 100 = 60%.

2. Identify the percentage of detractors (those who responded with a 0-6): 15 responses in the 0-6 range out of 100 total responses, so (15/100) * 100 = 15%.

3. Subtract the percentage of detractors from the percentage of promoters:

Net Promoter Score = 60% - 15% = 45%.

So, the NPS for your company is 45. The implications of this NPS for Thoughts and Prayers are generally positive, as it suggests that a higher proportion of your customers are promoters (likely to recommend your products) compared to detractors (less likely to recommend or may even discourage others from using your products).

Pros of using NPS for customer satisfaction and loyalty measurement:
- Simple to calculate and understand.
- Provides a single, easily comparable metric.
- Encourages a focus on customer experience improvement.

Cons of using NPS for customer satisfaction and loyalty measurement:
- May not provide a complete picture of customer satisfaction.
- Can be influenced by factors unrelated to the company or its products.
- Doesn't take into account the strength of customers' feelings (e.g., a score of 8 is treated the same as a score of 7).

In conclusion, while NPS can be a useful tool to gauge customer satisfaction and loyalty, it is important to consider additional metrics and qualitative feedback to gain a more comprehensive understanding of customer experiences with Thoughts and Prayers, LLC.

Learn more about Net Promoter Score:

https://brainly.com/question/13337020

#SPJ11

To determine which supplier should be chosen based on the given information, we need to calculate the total cost of production for each supplier and consider the disruption in production risk for supplier 2. Thus, the correct answer is option C.

Supplier 1:
Total cost = Fixed cost + (Cost per unit × Number of units)
Total cost = 4500 + (2 × 2000)
Total cost = 4500 + 4000
Total cost = $8500

Supplier 2:
Total cost = Fixed cost + (Cost per unit × Number of units)
Total cost = 3500 + (1 × 2000)
Total cost = 3500 + 2000
Total cost = $5500

Comparing the total cost of production for both suppliers, Supplier 2 has a lower total cost of production at $5500 compared to Supplier 1 at $8500. However, Supplier 2 has a 0.5% risk of disruption in production.

Based on the given information, the correct answer is:

C. Supplier 2 must be chosen.

This is because the lower production cost of Supplier 2 outweighs the small risk of disruption in production.

To learn more about production, visit: https://brainly.com/question/16755022

#SPJ11

The stock price of Asonia Company is $62.89.

To calculate the stock price, we can use the formula for the present value of a growing perpetuity:

PV = D / (r - g)

where:

PV = present value of the perpetuity (i.e., the stock price)

D = dividend payment per period (in this case, per year)

r = required rate of return

g = expected growth rate of dividends

We are given the dividend payments for the next four years, so we can calculate the expected growth rate of dividends as follows:

g = (8.20 - 4.10) / 4.10 + (11.05 - 8.20) / 8.20 + (12.80 - 11.05) / 11.05

= 0.4976

Now we can plug in the numbers to calculate the stock price:

PV = 4.10 / (0.093 - 0.4976)

= $62.89 (rounded to the nearest cent)

Learn more about stock price

https://brainly.com/question/29997372

#SPJ4

During the closing phase, the project team should meet to review and evaluate performance of the project. So the option A is correct.

During the closing phase, the project team should meet to review and evaluate performance of the project. This meeting should focus on the successful completion of the project, including whether or not the project met the set goals, objectives and outcome expectations.

The meeting should also review the project team’s accomplishments, identify any areas that need improvement, and discuss any lessons learned.

Additionally, the meeting should review the project budget and timeline, and assess the overall quality of the project and its deliverables. At the conclusion of the meeting, the project team should develop a plan for closing out the project and documenting the project’s outcomes. So the option A is correct.

To learn more about closing phase link is here

brainly.com/question/28548995

#SPJ4

The complete question is:

During the closing phase, the project team should meet to

Group of answer choices

A. review and evaluate performance of the project.

B. get to know each other.

C. help the team form to be able to perform efficiently on the project.

D. control the schedule and the costs.

Clay, as a telecommunications technician, would likely be called in to help with the situation where a option -b cable company needs to lay new fiber optic cable to reach its customers across a large lake.

This would require technical expertise in setting up the necessary infrastructure for communication, such as installing cables, configuring network equipment, and troubleshooting any issues that may arise. The other situations listed do not necessarily involve telecommunications or the expertise of a telecommunications technician.

As a telecommunications technician, Clay's expertise would be primarily in designing, installing, and maintaining communication systems that transmit data, voice, and video. This could include installing cable and wiring systems, configuring switches, routers, and other network equipment, and ensuring that communication networks are operating efficiently and effectively.

In the case of laying fiber optic cables across a large lake, Clay would need to have knowledge and experience in working with fiber optic technology and be familiar with the various methods for laying and protecting fiber optic cables. This could include drilling tunnels, trenching, or using directional drilling techniques to avoid disturbing the lake bed.

learn more about telecommunications technician here:

https://brainly.com/question/8479730

#SPJ11

According to the American Dental Association, an average family of four spends around $1,200 per year on dental expenses, including routine check-ups, cleanings, and basic treatments.

We can look at national average dental costs for employees and their families. However, this number can vary depending on factors such as location, dental health, and insurance coverage.

For a more accurate estimate for Electronics Incorporated employees, the human relations department should conduct a survey or gather data on the dental needs of their workforce and their families.

Once the data is collected, they can use it to determine the best dental plan to include in the benefits package to support their employees' dental health.

To know more about dental expenses refer here:

https://brainly.com/question/16953357#

#SPJ11

The number of barrels of oil in the Strategic Petroleum Reserve (SPR) is approximately 643.8 million barrels as of September 2021. The SPR is the largest emergency supply of crude oil in the world, maintained by the United States Department of Energy.

Established in 1975 in response to the oil crisis, its primary purpose is to reduce the impact of disruptions in petroleum supplies and safeguard the U.S. economy from severe oil shortages.The oil reserve is stored in underground salt caverns across four locations in Texas and Louisiana. These caverns provide a cost-effective, secure, and environmentally safe way to store large quantities of crude oil. The SPR has a capacity of about 714 million barrels, with the amount of oil stored subject to changes due to market conditions, withdrawals for emergency purposes, and government policies.

When required, the U.S. President can authorize the release of oil from the SPR to stabilize markets and ensure the availability of petroleum during supply disruptions. The released oil can be sold or loaned to refiners, who can then process it into various petroleum products, such as gasoline and diesel fuel. By maintaining a strategic stockpile, the SPR plays a critical role in enhancing U.S. energy security and mitigating the risks associated with oil supply disruptions.

To know more about  petroleum reserves click here

brainly.com/question/28342875

#SPJ11

A key part of running a business blog is ensuring its content is easily discoverable by search engines and potential readers alike. This is where search engine optimization (SEO) comes into play. SEO refers to the process of optimizing your website and its content to rank higher in search engine results pages (SERPs) for relevant keywords and phrases.

To ensure your blog posts are easily discoverable, it is important to incorporate relevant keywords into the title, subheadings, and body of your post. This helps search engines understand what your post is about and improves the likelihood of it appearing in relevant search results.

Additionally, incorporating keywords into the URL of your post can further improve its discoverability. This is because search engines often use the URL as a factor in determining the relevance and quality of a webpage.

However, it is important to note that keyword stuffing or over-optimizing your content can result in black hat SEO practices, which can harm your website's ranking and reputation. Instead, focus on creating high-quality, informative content that is also Flesch-Kincaid optimized and SEO-friendly.

Ultimately, regularly reviewing your blog's SEO strategy and making necessary adjustments can help ensure your content is easily discoverable by potential readers and customers, while also remaining net-neutral and search-boosted.

Know more about search engine optimization (SEO) here:

https://brainly.com/question/29582565

#SPJ11

In the long run, a firm in a perfectly competitive industry will supply output only if its total revenue covers its total cost.

This is because in a perfectly competitive market, there are many firms that are selling a homogenous product, and each firm is a price taker, meaning they cannot influence the market price. Therefore, a firm can only earn normal profits in the long run, which is defined as the minimum amount of profit required to keep the firm in business.

If a firm is earning less than normal profits, it will exit the industry, and if it is earning more than normal profits, new firms will enter the industry, driving down the price and reducing profits. As a result, in the long run, firms in a perfectly competitive market will supply output only if their total revenue covers their total cost, which includes both explicit costs (such as wages, rent, and materials) and implicit costs (such as the opportunity cost of the owner's time and capital).

To know more about long run click here

brainly.com/question/17029465

#SPJ11

After the new entrant has gone out of business, the incumbent firm raises prices again . we would call the behavior of the large airline as predatory pricing.

The behavior of the large airline in this scenario would be called predatory pricing. Predatory pricing is a pricing strategy in which a dominant firm temporarily lowers its prices to drive competitors out of the market. Once the competitors are gone, the dominant firm can raise its prices again to a level that is profitable for them. This practice is generally considered anti-competitive and can be illegal in some jurisdictions. The company will sell its products or services at a loss, which may be unsustainable for competitors who do not have the same financial resources.

Learn more about predatory pricing at:

brainly.com/question/12751629

#SPJ4

Reframing information, ideas, and concepts involves presenting them in a different context or perspective to make them more easily understandable or appealing.

A real-life example of reframing information can be seen in the context of environmental sustainability. For instance, instead of simply stating the negative impact of human activities on the environment, a more effective approach may be to reframe the issue as an opportunity to create new business models, technologies, and policies that promote both economic growth and environmental stewardship.

One way to do this is to highlight the potential benefits and opportunities of sustainability initiatives, such as cost savings from energy efficiency, increased market demand for sustainable products and services, or improved public health outcomes from reduced pollution. By reframing sustainability as a positive and proactive approach rather than a negative and reactive one, it may be easier to engage and motivate stakeholders from different sectors and backgrounds to take action and invest in sustainable practices.

Learn more about business models:

https://brainly.com/question/24448358

#SPJ11

Pfizer's program to offer low-cost prescriptions to low-income senior citizens is an example of a social responsibility goal.

Social responsibility refers to a company's duty to act in the best interests of society as a whole, beyond simply maximizing profits for shareholders. By offering discounted drugs to seniors, Pfizer is fulfilling its social responsibility to provide access to affordable healthcare for all members of society.

This program demonstrates that the company recognizes the need to balance the pursuit of profits with the needs of the community it serves.

Such social responsibility goals can help enhance a company's reputation and strengthen its relationships with stakeholders, including customers, employees, and the broader community.

To know more about social responsibility refer to-

https://brainly.com/question/24176816

#SPJ11

Internet businesses are more scalable than traditional brick-and-mortar businesses, as they can serve a larger geographic area with relatively smaller infrastructure and staff.

This scalability is due to the unique characteristics of the internet, which allows businesses to reach a broader customer base while keeping overhead costs low. Internet retailers can offer their products and services 24/7 without the constraints of physical store hours or location, resulting in increased revenue and profitability.

They can also easily expand their reach through digital marketing and social media, providing them with a wider customer base. The ability to reach a larger audience with fewer resources makes internet businesses more efficient and cost-effective, which ultimately contributes to their competitive advantage.

Additionally, internet businesses can adapt quickly to changing market conditions, thanks to the ease and speed of implementing new strategies and technologies.

To know more about brick-and-mortar refer to-

https://brainly.com/question/13771778

#SPJ11