The Solar Group, a Mississippi-based mailbox manufacturer, sells mailboxes to contractors who are building mega-subdivisions, to hardware stores, and directly to new homeowners. What kind of products is the Solar Group selling?

Answers

Answer 1
Answer:

Answer: Business and consumer goods.

Explanation: Products are classified as either business or consumer goods, based on where the product is going to be used. Some of the mailboxes are sold for business use and some for personal use which would be part of the consumer market.


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Jeff got hit in the head with a baseball and went for the emergency room for treatment. He was then taken by ambulance to another hospital with a small brain bleed which required a 6 day hospital stay and 5 CAT scans. His insurance required a $150 ER copay, $100 ambulance copay and a $200 hospital copay. The ER bill was $1,347 and the ambulance $1,173 and the hospital stay was $32,982. How much did Jeff’s parents save by having medical insurance? Make sure you show your calculations!

The accounting procedures for sole proprietorships are the same as for partnerships except A. that the asset section includes more than one cash account. B. for the liability section. C. for the revenue section. D. that the capital section is now divided per the number of partners.

Answers

The key difference in accounting procedures between sole proprietorships and partnerships is how the capital section is handled. In partnerships, the capital section is divided according to the number of partners with each partner contributing differently.

  • The accounting procedures for sole proprietorships and partnerships are highly similar, however, there is a key difference. This difference lies in the way the capital section is handled.
  • In a sole proprietorship, there is only one owner, so the capital contribution is singular.
  • However, in a partnership, the capital section is divided per the number of partners.
  • Each partner may contribute different amounts, and as such, the capital section would reflect these individual contributions.
  • Hence, the correct answer would be option D.

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I think the answer would be D.

Mary Parker Follett felt that managers should act as ______ rather than dictators.

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Facilitators

Best of luck in your studies! ☺️

What steps can you take to prevent yourself from being affected by a market correction?

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 steps you can take to help fight through a market correction so you can invest wisely for retirement.

STOP listening to financial media and market “experts.” They only magnify your fear.Learn the nature of the markets you invest in. Develop a clear understanding of how they work.Determine your appetite and need for market risk. How much volatility can you stomach? How much market risk do you need to achieve your goals?Set a portfolio allocation that fits your needs.Rebalance it religiously to manage your risk and potential return goals.Maintain enough cash reserves. This will help your long-term assets be focused on long-term objectives.Revisit steps 1 thru 7 religiously to adjust as your life unfold.

Market failure occurs when a free market is unable toa. distribute resources efficiently.
b. provide open opportunity
c. meet government regulations.
d. encourage innovation

Answers

The market failures can result in overproduction, underproduction, misallocation of resources, and negative externalities (such as pollution) address these failures and promote economic efficiency and societal well-being, governments may intervene through policies and regulations, such as taxes, subsidies, antitrust laws, and public provision of certain goods and services.

**Market failure occurs when a free market is unable to:**

**a. distribute resources efficiently.**

Explanation:

Market failure refers to a situation in which the free market system, left to its own devices without government intervention, fails to allocate resources efficiently.

Here's a breakdown of the options:

- **a. Distribute resources efficiently:** This is the correct statement. Market failure occurs when resources, such as goods and services, are not allocated in a way that maximizes societal welfare or efficiency.

Examples of market failure include externalities (positive or negative), public goods, information asymmetry, and monopolies, all of which can lead to inefficient resource allocation.

- **b. Provide open opportunity:** While providing open opportunity is an important aspect of a free market system, market failure is specifically related to inefficiencies in resource allocation, not necessarily a lack of opportunity.

- **c. Meet government regulations:** Market failure can occur in the presence of government regulations or in their absence.

Government regulations are often put in place to address market failures or prevent them, but market failures can still occur despite regulations.

- **d. Encourage innovation:** The role of market failure is not directly related to innovation.

However, innovation can be influenced by market conditions, and market failures may hinder or distort incentives for innovation.

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In economics, market failure is a situation in which the allocation of goods and services by a free market is not efficient, often it leads to a net social welfare loss. (Wikipedia definition)

The answer is A. Distribute resources efficiently.

Explain neck/ back pain and ways to help.

Answers

Answer:

Apply ice for the first few days.

Take OTC pain relievers, like ibuprofen

Take a few days off from sports, activities that aggravate your symptoms, and heavy lifting.

Use good posture.

Explanation:

Use a back brace or pain patches that can help and I feel like neck and back pain happens when u put too much stress in those areas which can cause the pain you are feeling

General Dynamics (an aerospace and defense corporation with its headquarter located in Fairfax County) makes communication devices for military contracts . The company just completed two contracts (with the same type of device ). The navy contract was 4, 300 devices and took 20 workers two weeks to complete . The army contract was for 8,300 devices that were produced by 25 workers in three weeks . Assume 40 working hours per week per worker . On which contract were the workers more productive?

Answers

Answer:

The army contract

Explanation:

Productivity can be measured by output per hour. i.e.

dividing the total output by hours worked.

productivity = output/hours worked

The navy contract

output =4,300

the hours worked = 20 workers working for two weeks, each week has 40 hours

Each worker worked 40 x 2 hours = 80 hours

20 workers worked for

80 hrs x 20

= 1600 hours

Productivity = 4,300/1600

=2.6875

For the military contract

output = 8300

hours worked

=  25 workers in three weeks, each week 40 hours

each worker worked, 40 x 3 hours = 120 hours

Twenty-five workers:

=25 x  120 hours

= 3000 hours

Productivity = 8300/3000

=2.766

The productivity for the military contract (2.766) was higher than for the navy contrac t(2.6875).