In a free market setting where quantity supplied is 40 units and quantity demanded is 50 units, price will:

Business

1 answer:

zvonat [6]2 years ago

4 0

Answer: Increase

Explanation:

According to the Law of Supply and Demand, If the demand for the good is higher than the supply, the price will be higher to reflect the relative scarcity and if the demand is lower than supply, the price will be lower to reflect the relative excess.

In this case the quantity demanded is higher than the quantity supplied so the price will have to increase to reflect the relative scarcity of the good.

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Analyze the benefits and the problems posed by the four approaches to the implementation of resource management policies: contro

Mars2501 [29]

Answer:

Explanation: The implementation of resource management policies can be achieved through the following: control theory, machine learning, utility-based, and market-oriented method.

1. Control theory:

Benefit- it can analyse linear and non linear systems, single or multiple systems.

Problem- It is complex and requires multiple computations

2. Machine learning Theory:

Benefit- It does not sole depend on extracting information and it gives room for improvements. It performs routine and non routine tasks

Problem- It requires a complex to understand and need trained professional to operate it.

3. Utility-based method:

Benefit - It gives urgency to tasks, it gives users better satisfaction.

Problem- the tasks needs to be carried out continuously

4. Market-oriented method:

Benefit - it gives room to know and understand the market, it leads to an increased organisational performance.

Problem- requires a professional.

8 0

2 years ago

Consider the following financial statement information for the Hop Corporation:

nexus9112 [7]

Answer:

Operating cycle = 59.29 days

Cash cycle = 26.1115 days

Explanation:

From the information given:

$\text{Beginning Inventory \$16,284} \\ \\ \text{Beginning Accounts receivable 11,219} \\ \\ \text{Beginning Accounts payable 13,960} \\ \\ \text{Ending Inventory $19,108} \\ \\ \text{Ending Accounts receivable 13,973} \\ \\ \text{Ending Accounts payable 16,676} \\ \\ \text{Net sales \$219,320} \\ \\ \text{Cost of goods sold 168,420} \\ \\$

$\text{Ending Inventory \$19,108} \\ \\ \text{Ending Accounts receivable 13,973} \\ \\ \text{Ending Accounts payable 16,676} \\ \\ \text{Net sales \$219,320} \\ \\ \text{Cost of goods sold 168,420} \\ \\$

To start with:

$\text{Average inventory = } \dfrac{Beginning \ value +Ending \ value}{2} \\ \\ =\dfrac{ 16,284 + 19,108} {2} \\ \\ = \dfrac{35,392}{ 2} \\ \\ = \$17,696$

$\text{Average receivable }=\dfrac{ Beginning value + Ending value }{ 2} \\ \\ =\dfrac{ 11,219 + 13,973 }{2} \\ \\ =\dfrac{ 25,192 }{ 2} \\ \\= \$12,596 \\ \\$

$\text{Average payable }= \dfrac{Beginning \ value + Ending\ value}{ 2} \\ \\ = \dfrac{13,960 + 16,676 }{2} \\ \\= \dfrac{30,636}{2} \\ \\ = \$15,313$

$\text{Days of inventory outstanding} = \dfrac{Average \ inventory }{ Cost \ of \ goods \ sold } \times 365 \\ \\ \dfrac{= 17,686}{ 168,420} \times 365 \\ \\ = 0.105\times 365 \\ \\= 38.329 \ days$

$\text{Days \ of \ receivable \ outstanding }= \dfrac{Average \ receivable }{ sales }\times 365 \\ \\ \dfrac{= 12,596 }{ 219,320} \times 365 \\ \\ = 0.0574 \times 365 \\ \\= 20.951 \ days$

$\text{Days of payable outstanding} = \dfrac{Average payable}{cost of goods sold} \times 365 \\ \\ = \dfrac{15,313 }{ 168,420} \times 365 \\ \\ = 0.0909 \times 365 \\ \\= 33.1785 days$