Pina company has the following cost information pertaining to their raw materials inventory account: - december 31, balance (ending) $32000 - material purchases $82000 - materials used during year $72000, the raw materials inventory balance on january 1 (beginning) is $22000
It is calculated as:
Direct material used = Opening inventory + Material purchases - Closing inventory
$72000 = Opening inventory + $82000 - $ 32000
$72000 + $32000 - $82000 = Opening inventory
$22000 = Opening inventory
Inventory on the first day of the financial year is known as Opening inventory.
Direct material used is the material which is used in production process in whole year.
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tracy manages a group of 15 employees at work. she works hard to maintain a warm, friendly relationship with her employees and tries to support group cohesion. sometimes, her employees think she is a little disorganized, but they all agree that they feel truly cared for. tracy is an example of what type of leader?
Tracy is an example of expressive leader as she helps the employees.
Which of the aforementioned tactics would be employed to reduce social loafing?
The creation of smaller groups or teams is one of the most effective ways to lower the possibility of social loafing. Make it simpler for team members' efforts to be recognised and backed. Smaller groups also make it easier for people to develop relationships and come together as a team, two qualities that motivate people to participate. the propensity for group members to put in less effort when working together to achieve a common objective than when held individually responsible. community facilitation In the presence of others, responses to easy or well-learned activities are more forceful.
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imagine a 2,000-acre park with picnic benches, trees, and a pond. suppose it is publicly owned, and people are invited to enjoy its beauty. when the weather is nice, it is difficult to find parking, and the trash cans overflow with food wrappers on summer afternoons. otherwise, it is a great place. the park is a common resource because
It's a wonderful site. The park is a shared resource since excessive use by one individual reduces the use by others.
Any limited resource, like water or pasture, that offers consumers measurable advantages but that nobody, in particular, owns or has exclusive claim to, is referred to as a common resource (or the "commons").
Society must find a mechanism to make individual resource users consider the costs they impose on other users in order to ensure the efficient use of a shared resource. The essential idea behind this is the same as the one used to persuade people to internalize a harmful consequence of their behavior.
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which account is debited if materials costing $100,000 are sold? question 7 options: work-in-process control account cost of goods sold account revenues account materials control account
Revenues account includes work-in-process control account, cost of products sold account, and materials control account.
What is mean by debited and credited?In double-entry accounting, debits and credits were commonly assessed in account ledger accounts to record value changes brought on by company transactions. A credit entry reflects a value transfer from the account, whereas a debit entry indicates an exchange of wealth to the account.
What is debited transaction?A debit transactions is one that gives customers access to their money, typically through a withdrawal from an ATM or a direct payment for products or services. Banks and other banking entities frequently offer debit transactions.
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the following statements describe why it is important to make the consumer aware of the brand name. choose a false statement. a. consumers are more likely to put a familiar brand in their top-of-mind, compared to unfamiliar brands. b. consumers are more likely to choose a familiar brand, compared to unfamiliar brands. c. consumers tend to learn something about a familiar brand faster than unfamiliar brands. d. consumers tend to perceive a familiar brand as cheaper and more irrational purchases, compared to unfamiliar brands. e. marketing communications for familiar brands are easier and more effective than unfamiliar brands.
The false statement is: marketing communications for familiar brands are easier and more effective than for unfamiliar brands.
Brand equity refers to the worth an organization gains from a product with a recognizable and loved name compared to a generic equivalent.
The company's assessment of the market was hardly objective. They saw the 'broken' as a drag that their product resolved. A complete is among the foremost necessary assets an organization has. As a result, it represents the corporate and helps keep it in consumers' minds.
Brand equity refers to the worth an organization gains from a product with a recognizable and loved name compared to a generic equivalent.
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jamison is a single dad with two dependent children: zoey, age 7, and conner, age 3. he has an agi of $63,000 and paid $3,600 to a qualified day care center for the two children. what amount can jamison receive for the child and dependent care credit? use child and dependent care credit agi schedule.
Answer:1800
Explanation:
service companies can differentiate their service delivery by having more able and reliable customer-contact people. true or false?
It is true that service companies can differentiate their service delivery by having more able and reliable customer-contact people.
Service providers can differentiate their service delivery by hiring more competent and trustworthy customer-contact staff, creating a better physical location in which to provide the service product, or creating a better delivery method. By using symbols and logos, service providers can try to differentiate their images.
More difficult to define and evaluate than product quality is service quality. Depending on how customers and workers interact, service quality will always fluctuate.
A good customer service recovery can win over disgruntled clients. There is a lot of demand on service businesses to boost productivity. They can hire new workers who will work harder or more skillfully or they can train the current ones more effectively.
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3. which airline showed the greatest change in stock prices during this period (august to december 2014)?
Answer:
southwest airline
Explanation:
Southwest Airlines showed the greatest change in stock prices during this period (august to December 2014).
What is the greatest change in stock prices of Southwest Airlines?Finding market-beating equities is the main goal of stock selection. Even the finest stock picker, however, will only succeed with some choices. Given that the share price of Southwest Airlines Co. has fallen 44% over the past five years, some shareholders may now be unsure about keeping their investment in the company. And because the stock has fallen 38% in the past year, it's not only long-term investors that are sorrowing.
Unfortunately, with prices down 13% in the past 30 days, the share price trend is still fairly gloomy. We do see, however, that the overall market has declined by 8.0% over that time, which may have had an impact on the share price. Southwest Airlines went from a loss to profitability over the course of five years of rising share prices.
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complex and expensive technology is needed to develop products at feel-better pharmaceuticals based in austin, texas. for this reason, the company plans to have a plant built in portugal that is ready for full operation and will be used for products sold in europe. what type of entry mode is feel-better pharmaceuticals using?
Using medications to make you feel better is a turnkey project sort of entrance mode. At Austin, Texas-based feel-better medicines, developing drugs requires sophisticated and pricey equipment.
What does a brief definition of technology mean?Technology, or as it is sometimes referred to, the modification and modification of the human environment, is the application of practical application of such new goals of human life.
What makes technology so crucial?Information technology is crucial in our lives because it makes managing with the uncertain facets of life easier. Technology offers a variety of methods to promote development and information exchange. IT intends to implement both of these objectives in simplifying tasks and find solutions to lots of issues.
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Your store sales average 190000 per month your triple net lease has tbe following monthly terms: rent is 5% of sales insurance is 300 maintenance is 75 utilities total 300 and taxes are 120 you expect next years sales to increase 5% but your lease terms will remain the same calculate the next years annual leade payment
The next year's annual lease payment is $129,240. The term “Lease Payment” is analogous to the rental payment. It refers to the payment created between the owner and renter, per the contract.
A Lease payment refers to the amount that's adequate for the monthly rent prearranged in an exceedingly contract by 2 parties.
Step 1: Verify next year's regular payment.
Since next year, the sales regular payment can have increased by seven-membered, we can verify next year's annual sales as shown:
F=P(1+R)
where;
Next year regular payment
This year's regular payment
R=salary increase rate
In our case;
F=unknown, to be determined
P=190,000 per month
P=(190,000×12)=$2,280,000 annually
R=5%=5/100=0.05
replacing;
F=2,280,000(1+0.05)=$2,394,000
Step 2: Verify next year's rent.
Next years rent=0.05×2,394,000=$119,700
Step 3: Verify insurance, maintenance, utilities and total annual taxes.
Total=annual insurance payments+annual maintenance payments+annual utilities payments+annual taxes
Total=(300×12)+(75×12)+(300×12)+(120×12)=$9,540
Step 4: Verify next year's annual lease payments.
Next year's annual lease payments=next year's rent payment+ insurance+maintenance+utilities+annual taxes
where;
Next year's rent payment=$119,700
Insurance+maintenance+utilities+annual taxes=$9,540
replacing;
Next years annual lease payments=(119,700+9,540)=$129,240
Next year's annual lease payments=$129,24
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what is the repricing gap if the planning period is 30 days? 3 months? 2 years? recall that cash is a non interest-earning asset. what is the impact over the next 30 days on net interest income if interest rates increase 50 basis points? decrease 75 basis points? the following one-year runoffs are expected: $10 million for two-year business loans and $20 million for eight-year mortgage loans. what is the one-year repricing gap? if runoffs are considered, what is the effect on net interest income at year-end if interest rates increase 50 basis points? decrease 75 basis points?
$55 million for two years, $20 million for three months, and $95 million for thirty days.
What does a repricing gap mean?The repricing gap is a measurement of the difference between the dollar value of assets that will reprice and the dollar value of liabilities that will reprice during a given time period, where reprice refers to the possibility of receiving a new interest rate.
The window of time during which repricing is possible is represented by rate sensitivity. Rate-sensitive assets are those that will mature or be revalued within a certain time frame. Liabilities that are rate-sensitive are those with a set maturity date or new pricing.
Calculation:
Using a 30-day planning window, we have the following:
$75 - $170 = -$95 million.
Using a three-month planning horizon, we have:
($75 + $75) - $170 = -$20 million.
Reprising the gap using a 2-year planning period, we have;
($75 + $75 + $50 + $25) - $170 = +$55 million.
b) the impact over the next 30 days on net interest income varies. We'll use (i) in the event that net income rises by 50 basis points.
ii) when net income decreases by 75 basis points.
if the impact over the next 30 days on net interest income increases by 50 basis points, we would have that net interest income will decrease by $475,000, see below:
ΔNII = CGAP(ΔR) = -$95m.(0.005) = -$0.475m
If the impact over the next 30 days on net interest income decreased by 75 basis points, net interest income will increase by $712,500. This is because:
ΔNII = CGAP(ΔR) = -$95m.(-0.0075) = $0.7125m
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which term refers to a system in which workers complete their tasks in separate departments without regard to the consequences for the other components of the process?
The silo effect refers to a device wherein employees whole their duties in separate departments without regard to the results of the alternative additives of the process.
what's the Silo Effect?The silo impact is mainly the end result of compartmentalization in an organization. That is, whilst there may be a separation of men and women and corporations, silos are formed, and the effects might be that the corporations do now no longer make company efforts for the development of the general goal.
There isn't any collaborative attempt to useful resource the overall goal of the company and in lots of cases, positive booths will improve the others and it could bring about a setback for the enterprise as a whole.
The silo impact capitally suggests insularity amongst departments in an organization. This separation is a prime downside to a revolutionary enterprise organization as it breeds division, alienation, and a common war of words amongst corporations.
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the automotive semiconductor has been in shortage, but the supply has recently been stabilized. what would happen to the demand for car engines? automotive semiconductors and car engines are complementary goods.
"Cross Elasticity of Demand" We know that complementary goods are those that are demanded together. Complementary goods are those in which one good has utility and is demanded only when the second related good is also available.
In economics, goods are products that meet human desires and give utility, such as a gratifying product purchased by a consumer. A typical difference is drawn between transferable products and nontransferable services.
A good is a "economic good" if it is helpful to people but scarce in relation to demand, requiring human effort to attain it. In contrast, free products, such as air, are naturally abundant and require no intentional effort to obtain. Private goods are items owned by individuals, such as televisions, living room furniture, wallets, cellular phones, and basically everything owned or utilized on a regular basis that is not food-related.
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A company has just purchased a new delivery van. Now it is trying to decide whether to sell its old delivery van or donate it to a non-profit organization that delivers meals to the elderly. In estimating the incremental free cash flows for this decision, for which of the following should we adjust? Do not include factors that are only indirectly used to calculate other factors – only choose factors that should be directly considered, for their own sake, in the cash flow calculations (rather than in the calculation of another factor). For this particular problem, circle the letters of all of the answers that apply (i.e., you may choose to circle more than just one answer). a. The cost of the new van. b. The interest expense on the loan to buy the new van. c. Any reputation effect/goodwill resulting from donating the van to a worthy charity. d. The price that the company originally paid for the old van. e. The book value of the old van. f. The tax effect of donating the old van. g. The current market value of the old van. h. The tax effect of selling the old van.
A company has simply purchased a brand-new shipping van. Now it is attempting to decide whether to promote its antique transport van or donate it to a non-profit organization that provides food to the elderly. C. Any reputation impact/goodwill as a consequence of donating the van to a worthy charity.
Company is a musical with tracks and lyrics by Stephen Sondheim and an e-book by George Furth. The authentic 1970 manufacturing changed into being nominated for a document-placing 14 Tony Awards, prevailing six. the organization was written in a fashion without a chronological linear path.
A corporation is a prison entity formed through a set of individuals to engage in and operate an enterprise—commercial or business—agency. A business enterprise can be organized in diverse methods for tax and economic legal responsibility purposes depending on the corporate regulation of its jurisdiction. There are three not-unusual varieties of businesses—sole proprietorship, partnership, and corporation—and each comes with its very own set of benefits and downsides.
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the daily demand for muffins at a bakery is normally distributed with mean 50 and standard deviation 15. the bakery makes 60 muffins once at the start of each day. what is their service level for muffins?
The service level for muffins in the bakery is 100%.
What does "service level" mean?By comparing how well a company meets customer expectations, one can ascertain the quality of its services. Customers buy services to address particular needs. Because they establish unambiguous commitments between a service provider and a customer, service-level agreements (SLAs) are crucial. In the telecommunications sector, service-level agreements are typical and give businesses the assurance that a set of standards will be upheld.
Z score is used to calculate by how many standard deviations the raw score is above or below the mean. It is the formula:
Z = (x - μ) / σ
With description x = raw score, μ = mean and σ = standard deviation.
Given data:
σ = 15
μ = 50
Then:
For x = 60
Z = (x - μ) / σ
Z = (60 - 50) / 10
Z = 10/10 = 1
convert to percent format will be 100%
When they bake 65 muffins, their service level for muffins are 100%
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Explain the differences between product brands, trade names, brand names, brand marks, and trade characters.
The letters, symbols, and names that identify a product are called product brands. The company is identified by its trade name. Trade characters are characters that are lifelike, and brand marks are symbols or sounds that can be heard instead of spoken.
A brand is organizations use to recognize their item from others.
What is the sign that a brand uses to identify itself?
A symbol made up of text and images that is used to identify a brand is called a logo. It is made for life and can sometimes be slightly changed.A brand's mission and values are portrayed in its logo.
What is the name of a word or words selected to represent a business or product?
Brand names and trademarks A brand name is the part of a brand that can be said or written. It distinguishes a product, service, or company from others in a category that are similar to it. Words, phrases, designs, signs, symbols, or any combination of these can make up a brand name.
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the clause in a mortgage that terminates the lender's interest when the mortgage is paid in full is known as:
In some home loan contracts, there is a condition called a "defeasance statement" that says the borrower will get the title to the property once the home loan installments are all paid.
A mortgage's acceleration clause allows your lender to accelerate the rate at which your loan's payment terms are calculated.Additionally, the clause may permit your lender to demand full and immediate payment of your mortgage.
What is the distance statement in a home loan?
Clause for alienation.When title to the property is transferred or, in some cases, when possession is changed, this clause enables the lender to demand the entire loan balance that is due.
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petty and colleagues (1983) had participants take part in a study on consumer attitudes. they were told they would receive a gift after the study. one group was promised a choice of razor blades, the other a choice of toothpaste. participants then flipped through ads and came across an ad for edge razor blades. half the participants read strong arguments for edge razor blades, and half read weak arguments. one version of the ad featured an attractive celebrity, and the other version featured an average-looking person. when the edge ad was relevant to the participants' later choice, what were the results?
When the edge ad was relevant to the participants' later choice when the edge ad was relevant to participants' later choice, If the arguments were strong, the participants chose Edge blades.
People can typically adjust to many opinions, although it goes against their own perception. The basic attribution error is that the tendency to position additional stress on internal characteristics to elucidate someone's dangerous behavior. associate example of this is often thinking that an individual agency did not answer your decision is rude (internal), however actually, they'll not have received your message (external).
In psychological science, the term person perception refers to the various mental processes that we tend to use to make impressions of others.
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the promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities, such as trade shows, event sponsorships, and contests, is known as:
The promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities, such as trade shows, event sponsorships, and contests, is known as Sales Promotion.
A sales promotion is an advertising strategy in which a enterprise makes use of a brief marketing campaign or offer to boom interest or demand in its services or products.
There are numerous reasons why a business may also choose to apply sales merchandising (or 'promo'), however, the number one cause is to reinforce sales.
A sales promotion method additionally referred to as a discounting strategy, is a marketing technique to motivate clients to take a particular, pre-decided movement thru sales discounts, incentives, or offers
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which country passed the united states as the largest global economy (in terms of purchasing power parity), raising questions about usu.s. leadership?
The statistic lists the 20 nations that will account for the largest share of the world's GDP in terms of purchasing power parity (PPP) in 2021. The correct answer a. China
What is the global economy?
Published on August 10, 2022 by Statista Research Department. The total of economic activity that take place both within and between nations can be referred to as the global economy. With its own industrial production, labor market, financial market, resources, and environment, each nation is a distinct entity.
Every economy operates under a specific set of conditions and presumptions. Traditional economies, command economies, mixed economies, and market economies are the four primary types of economic systems.
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Full Question :Which country passed the United States as the largest global economy (in terms of purchasing power parity), raising questions about USU.S. leadership?
a. China
b. Japan
c. Russia
d. the European Union
which of the following is a major strength of direct mail advertising? a. low cost b. subject to few restrictions or regulations c. widespread acceptance by consumers d. ability to accurately target specific markets
The major strength of direct mail advertising is the ability to accurately target specific markets.
A popular type of direct marketing is direct mail, which can be used by for-profit companies, charities, other non-profits, political campaigns, and other groups. A wide range of marketing materials, such as sales letters, postcards, newsletters, and brochures, are included in direct mail.
Advertisers frequently improve direct mail strategies into targeted mailings, when mail is delivered after database analysis to specific individuals thought to have the best chance of responding favorably.
By limiting the mailing universe to to the most likely readership, this lowers costs for mailers. A person who has expressed interest in golf, for instance, might get direct mail for golf-related products or even for goods and services that golfers might find useful.
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suppose you invest equal amounts in a portfolio with an expected return of 16 percent and a standard deviation of returns of 18 percent and a risk-free asset with an interest rate of 4 percent. calculate the standard deviation of the returns on the resulting portfolio.
Here, in this question Expected return = 0.5(16) + 0.5(4) = 10%.
How do you calculate the expected return of a portfolio with volatility?The predicted return is calculated by using multiplying the weight of each asset with the aid of its expected return. Then add the values for each investment to get the complete anticipated return for your portfolio. Hence, the formula: Expected Portfolio Return = (Asset 1 Weight x Expected Return) + (Asset 2 Weight x Expected Return
When calculating the expected fee of return on a stock portfolio the usage of a weighted common The weights are based totally on the?The fundamental predicted return method entails multiplying every asset's weight in the portfolio by means of its predicted return, then including all these figures together. In other words, a portfolio's predicted return is the weighted common of its person components' returns.
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https://brainly.com/question/25821437#SPJ4a company issued 7%, 20-year bonds with a face amount of $72 million. the market yield for bonds of similar risk and maturity is 7%. interest is paid semiannually. at what price did the bonds sell? (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (enter your answers in whole dollars. round final answers to the nearest whole dollar.)
aaron observes and adjusts bids often in his ad campaigns. he recently learned that for an automated campaign, it's best to wait until the campaign accumulates a certain number of conversions before making any bid changes. for a app campaign, aaron should wait to apply any bid changes until at least how many conversions have accumulated?
For an app campaign, Aaron should wait to apply any bid changes until at least 100 conversions have accumulated.
In response to short-term trends, it can get tempting to frequently adjust the bid, but the best response is to wait for 100 conversations accumulated until an automated campaign before making any bid changes. Data gathering in huge quantities and making small changes in the bid — less than 20% each time — should result in steadier campaign performance. People can make changes in targeting and bidding for specific campaign objectives primarily getting more users for the app or for new users more high-performing apps, and also targeting ad expenditure.
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standardized, reusable containers have fairly obvious benefits for shipping. what is the purpose of these devices within the plant?
The purpose of these devices within the plant is that specific amounts are frequently protected using standardized containers.
Additionally, they result in less wasteful space and weight, as well as less labor-intensive packing, unpacking, and preparation. Reduced labor costs: standardized reusable components provide a constant production flow, enhancing labor productivity. Better protection for items in transportation is provided by sturdy containers, which leads to reduced damage and loss and safer handling.
Numerous advantages come with reusable containers. They not only are made to specifically protect the products they contain, but they also save money and produce less waste, all of which help advance sustainability. Some industries, like those in the food and beverage industry, especially the dairy industry, and the automotive sector, rely on reusable containers, but the advantages can only be realized when the containers are used properly.
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By 2018, industries that are projected to represent 12 percent of the U.S. overall domestic product are _____.
By 2018, industries that are projected to represent 12 percent of the U.S. overall domestic product are
finance industryinsurance industryWhat is an industry?An industry is a collection of businesses that are connected by their main lines of activity. There are numerous categories of industries in contemporary economies. Sectors are generally used to combine together bigger groups of industry classifications.
Typically, a company's major revenue sources determine what industry it belongs to. For instance, even if a carmaker may have a financing segment that contributes 10% to the company's overall earnings, most classification systems would place the business in the automaker category.
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HELP ASAP 40 POINTS
How do you recommend the government change GDP and taxes to stabilize the economy in each of the following scenarios?
1, Economic growth has started slowing and the unemployment rate has increased over the past four months.
2, There has been strong growth in GDP over the past year, unemployment is very low, and inflation has started to rise.
3, Prices are stable, unemployment is low and the economy is growing at an average rate
1) During a situation where economic growth has started slowing and the unemployment rate has increased over the past four months, the government needs to change GDP by increasing it's spending and lowering taxes. The above will inject money supply into the economy and increase spending power.
2) Where there has been strong growth in GDP over the past year, unemployment is very low, and inflation has started to rise, the government needs to curb spending by selling money market instruments such as government bonds. Taxes should be increased to reduce the money supply.
3) Where prices are stable, unemployment is low and the economy is growing at an average rate the government should focus on expanding the economy through exports.
What is GDP?Gross domestic product (GDP) is a financial measurement of the market worth of all final goods and services produced and sold in a country during a given period of time.
Most people agree that a higher GDP is desirable because it is associated with greater economic opportunity and a higher standard of living. As you can imagine, a country with a high GDP can still be a less than optimal place to live, so there are other factors to consider.
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Which type of bankruptcy will remain in an individual's credit
history for 10 years?
O Chapter 11
O Chapter 9
O Chapter 7
O Chapter 13
Chapter 7 and Chapter 11 bankruptcies will remain in an individual's credit history for 10 years.
Your credit history will reflect a bankruptcy filing for a number of years. The length of time a bankruptcy stays on your credit report depends on the type of bankruptcy you choose. Bankruptcies filed under Chapter 7 and Chapter 11 will stay on your credit report for 10 years. Your credit report will show a Chapter 13 bankruptcy for seven years after it has been filed.
If you adopt a disciplined approach to paying your creditors, paying bills on time, and maintaining a sustainable level of debt on credit cards and other revolving credit, the impact of the bankruptcy on your credit score will progressively lessen as the years go by.
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which of the following pooled investments is likely to require the smallest minimum investment amount? a) wrap fee account. b) market neutral fund. c) closed-end mutual fund.
The correct option (C) Closed-end mutual fund. Shares in closed-end mutual funds can be purchased at prices set by the market.
What is a closed-end mutual fund?
A closed-end fund is a form of mutual fund that, in order to raise money for its initial investments, issues a predetermined number of shares through a single initial public offering (IPO). After that, its shares can be purchased and sold on a stock exchange, but no new shares or funds will be generated for the fund.
Municipal bond funds are an illustration of closed-end funds. These funds invest in local and state government debt while attempting to reduce risk.
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melissa wants to retire with $40,000 per month. she needs $4,000,000 in principal at the time she retires in order to generate this amount of monthly income if the interest rate is 12%. if melissa has 25 years before retirement and has $80,000 to invest today, what simple interest rate does she need to achieve the necessary amount of principal?
190 % of simple interest rate does she need to achieve the necessary amount of principal.
we know that
The simple interest formula is equal to
A=P(1+rt)
where
A = Final Investment amount
P = Principal amount of money
r = rate of interest
t = Number of Time Periods
in this problem we have
t= 25 years
P= $80,000
A= $4,000,000
r=?
substitute in the formula above
4,000,000 = 80,000(1+25r)
50 = 1+25r
50-1=25r
49=25r
r=1.96
Convert to percentage
r = 1.9 * 100
= 190 %
The simple interest rate is 190%
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when the demand for electricity peaks during the hottest days of summer, florida power and light company can generate more electricity by using more fuel and increasing the working hours of many of its employees. the company cannot, however, increase electric power production by building additional generating capacity. this means that the company is in the
The company is increasing working hours and the amount of fuel in order to increase the electricity rather than building additional generating capacity showing that the company is in the short run.
The short run is a time period when firms have one factor of production as fixed and cannot be varied. This time period is not defined, it depends on and varies company to company in accordance with the situation of the market. The short run does not give room for the conduction of the operation of the company in order to meet the rising demand. Wages, output, and price cannot be adjusted freely.
In the case of Florida power and light companies, land and rent are fixed while certain inputs like men (employees) and materials (raw materials) are variable which is increased in order to meet up the rising demand for electricity.
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