BUSINESS HIGH SCHOOL

5. What happens to price when a good becomes more scarce?a. Price will decrease.
b. Price will remain constant.
c. Price will increase.
d. There is not enough information to answer this question.

Answers

Answer 1
Answer: pretty sure it’s C. Price will increases
Answer 2
Answer:

Answer:

C. Price increases.

Explanation:

Supply for the good decreases while demand remains constant, and people would have to compete with each other more to obtain the good

The seller would naturally sell the good to the highest bidder/buyer so as to maximise his profit, thus as a good becomes scarcer, its price increases

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A few months before, a major B2B supplier raised prices of its products 10 percent to cover changes in market conditions. He was surprised to find how the orders from his normal customers plummeted. His normal order was $1,100. After the price increase, the average order dropped by 25 percent. He became concerned that customers might look elsewhere. For this reason, he decided to start offering discounts. When one of his loyal customers, David, purchases $950 worth of product for his firm, the supplier gives David the terms "4/20 net 30." He wants to maintain his relationship with David and would ideally like to receive payment in less than a month. Refer to Scenario 19.3. Consider how the average order amount changed when prices were raised $75. The elasticity of demand is _______. With this in mind, the product can best be described as _______.
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The more resources you have to choose from during an open book test, the better you will do on the test because more information is available to you.a. True
b. False

Answers

The correct answer is letter A, true. The statement above is true because providing an open book for a test is a good way for looking for answers that are available from the content being presented. This is usually an appropriate form of test when essay type of questions are presented to the students. They can be able to search for keywords from their books and construct the thoughts to answer and supply the question.

Answer:the answer is False.

Explanation:

I just took the test

Mydeco Corp. 2009–2013 (All data as of fiscal year end; in $ million)
(All data as of fiscal year end; in $ million)
(All data as of fiscal year end; in $ million)
(All data as of fiscal year end; in $ million)
(All data as of fiscal year end; in $ million)

Income Statement

2009

2010

2011

2012

2013

Revenue

404.3

363.8

424.6

510.7
See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. Suppose My-deco’s costs and expenses had been the same fraction of revenues in 2010–2013 as they were in 2009. What would My-deco’s EPS have been each year in this case?
Table 2.5

Mydeco Corp. 2009–2013

(All data as of fiscal year end; in $ million)
(All data as of fiscal year end; in $ million)
(All data as of fiscal year end; in $ million)
(All data as of fiscal year end; in $ million)
(All data as of fiscal year end; in $ million)

Income Statement

2009

2010

2011

2012

2013

Revenue

404.3

363.8

424.6

510.7

604.1

Cost of Goods Sold

(188.3)

(173.8)

(206.2)

(246.8)

(293.4)

Gross Profit

216.0

190.0

218.4

263.9

310.7

Sales and Marketing

(66.7)

(66.4)

(82.8)

(102.1)

(120.8)

Administration

(60.6)

(59.1)

(59.4)

(66.4)

(78.5)

Depreciation & Amortization

(27.3)

(27.0)

(34.3)

(38.4)

(38.6)

EBIT

61.4

37.5

41.9

57.0

72.8

Interest Income (Expense)

(33.7)

(32.9)

(32.2)

(37.4)

(39.4)

Pretax Income

27.7

4.6

9.7

19.6

33.4

Income Tax

(9.7)

(1.6)

(3.4)

(6.9)

(11.7)

Net Income

18.0

3.0

6.3

12.7

21.7

Shares outstanding (millions)

55.0

55.0

55.0

55.0

55.0

Earnings per share

$0.33

$0.05

$0.11

$0.23

$0.39

Balance Sheet

2009

2010

2011

2012

2013

Assets





Cash

48.8

68.9

86.3

77.5

85

Accounts Receivable

88.6

69.8

69.8

76.9

86.1

Inventory

33.7

30.9

28.4

31.7

35.3

Total Current Assets

171.1

169.6

184.5

186.1

206.4

Net Property, Plant & Equip.

245.3

243.3

309

345.6

347

Goodwill & Intangibles

361.7

361.7

361.7

361.7

361.7

Total Assets

778.1

774.6

855.2

893.4

915.1

Liabilities & Stockholders’ Equity





Accounts Payable

18.7

17.9

22

26.8

31.7

Accrued Compensation

6.7

6.4

7

8.1

9.7

Total Current Liabilities

25.4

24.3

29

34.9

41.4

Long-term Debt

500

500

575

600

600

Total Liabilities

525.4

524.3

604

634.9

641.4

Stockholders’ Equity

252.7

250.3

251.2

258.5

273.7

Total Liabilities & Stockholders’ Equity

778.1

774.6

855.2

893.4

915.1

Statement of Cash Flows

2009

2010

2011

2012

2013

Net Income

18

3

6.3

12.7

21.7

Depreciation & Amortization

27.3

27

34.3

38.4

38.6

Chg. in Accounts Receivable

3.9

18.8

0

-7.1

-9.2

Chg. in Inventory

-2.9

2.8

2.5

-3.3

-3.6

Chg. in Payables & Accrued Comp.

2.2

-1.1

4.7

5.9

6.5

Cash from Operations

48.5

50.5

47.8

46.6

54

Capital Expenditures

(25.0)

(25.0)

(100.0)

(75.0)

(40.0)

Cash from Investing Activities

(25.0)

(25.0)

(100.0)

(75.0)

(40.0)

Dividends Paid

(5.4)

(5.4)

(5.4)

(5.4)

(6.5)

Sale (or purchase) of stock

-

-

-

-

-

Debt Issuance (Pay Down)

-

-

75.0

25.0

-

Cash from Financing Activities

(5.4)

(5.4)

69.6

19.6

(6.5)

Change in Cash

18.1

20.1

17.4

(8.8)

7.5

Mydeco Stock Price

$7.92

$3.30

$5.25

$8.71

Answers

the answer is 2009 alright.

The amount of interest is determined by multiplying the amount in savings by the:A. annual interest rate.
B. annual interest rate and the time period.
C. time period.
D. time period and number of months.

Answers

The answer is b. Annual interest rate and the time period. 
Here's the explanation to my answer:
=> The amount of interest is being determined by multiplying the amount in savings and the interest will be able to solve depends on the period of time it is saved within the year.

Answer:

B. Annual interest rate and the time period.

Explanation:

https://The term ________ is commonly used to refer to a collection of companies and processes involved in moving a product from the suppliers of raw materials to the customer.\/244171694/ist-exam-3-chapter-8-flash-cards/

Answers

Answer:

Supply chain

Explanation:

A supply chain is a network of steps involved in the production and delivery of products to a customer. The supply chain process starts with raw materials acquisition, the manufacturing process, and the distribution of products to the point of sale. The supply chain systems will include all the people, entities, technology, and structures that take part from creating to the sale of a product.

The supply chain affects the final price of a product.  A poorly managed supply chain is costly and will lead to products being expensive. An efficient supply chain ensures a company's products are always available to customers, and at a fair price.

Which of the following income statement figures would probably be the best indicator of a company s future performance?a. Total revenues
b. Income from operations
c. Net income
d. Gross profit

Answers

The income statement figures would probably be the best indicator of a company's future performance is income from operations.

>Income from operations or IFO is the net income of an entity, not including the impact of any financial activity or taxes. IFO is the profit realized from a business' own operations.

Assume, for Singapore, that the domestic price of soybeans without international trade is higher than the world price of soybeans. This suggests that, in the production of soybeans, a. other countries have a comparative advantage over Singapore and Singapore will export soybeans. b. Singapore has a comparative advantage over other countries and Singapore will import soybeans. c. other countries have a comparative advantage over Singapore and Singapore will import soybeans. d. Singapore has a comparative advantage over other countries and Singapore will export soybeans.

Answers

Answer:

C)other countries have a comparative advantage over Singapore and Singapore will import soybeans.

Explanation:

In the case when the domestic price of the soyabeans considered withoiut the international trade and the same should be more than the world price that means the other country would have the comparative advamtage and the singapore would import the soybeans

Therefore the option c is correct
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If a good that generates negative externalities were priced to take into account these negative externalities, then its:A) Price would decrease and its output would increaseB) Output would increase but its price would remain constantC) Price would increase and its output would decreaseD) Price would increase but its output would remain constant
In economics, what is it called when individuals focus on perfecting a limited range of tasks, so as to become experts in those specific areas? A. limitation B. capitalization C. specialization D. underutilization