The Basics Supply and Demand

Supply and Demand analysis is relatively straightforward once the terminology is understood. The important terms are as follows: PriceQuantityDemand and Demand CurveQuantity DemandedSupply and Supply CurveQuantity SuppliedEquilibriumSurplusShortage Basic supply and demand analysis is done one of two ways - either graphically or numerically. If done graphically, it is important to set up the graph in the standard form. The Graph Traditionally economists have placed price (P) on the Y-axis and quantity (Q), as in quantity consumed or quantity purchased/sold on the X-axis. An easy way to remember how to label each axis is to remember P then Q, since the price (P) label occurs above and to the left of the quantity (Q) label. Next, there are two curves to understand - the demand curve and the supply curve. The Demand Curve A demand curve is simply a demand function or demand schedule represented graphically. Note that demand is not simply a number - it is a one-to-one relationship between prices and quantities. The following is an example of a demand schedule: Demand Schedule $10 - 200 units$20 - 145 units$30 - 110 units$40 - 100 unitsNote that demand is not simply a number such as 145. The quantity level associated with a particular price (such as 145 units $20) is known as a quantity demanded.A more detailed description of the demand curve can be found at: The Economics of Demand. The Supply Curve Supply curves, supply functions, and supply schedules are not conceptually different than their demand counterparts. Once again, supply is never represented as a number. When considering the problem from the point of view of the seller the quantity level associated with a particular price is known as quantity supplied. A more detailed description of the supply curve can be found at: The Economics of Supply. Equilibrium Equilibrium occurs when at a specific price P, quantity demanded quantity supplied. In other words, if there is some price where the amount buyers wish to buy is the same as the amount sellers wish to sell, then equilibrium occurs. Consider the following demand and supply schedules: Demand Schedule $10 - 200 units$20 - 145 units$30 - 110 units$40 - 100 units Supply Schedule $10 - 100 units$20 - 145 units$30 - 180 units$40 - 200 unitsAt a price of $20, consumers wish to purchase 145 units and sellers which to provide 145 units. Thus quantity supplied quantity demanded and we have an equilibrium of ($20, 145 units) Surplus A surplus, from the supply and demand perspective, is a situation where, at the current price, quantity supplied exceeds quantity demanded. Consider the demand and supply schedules above. At a price of $30, quantity supplied is 180 units and quantity demanded is 110 units, leading to a surplus of 70 units (180-11070). Our market, then, is out of equilibrium. The current price is unsustainable and must be lowered in order for the market to reach equilibrium. Shortage A shortage is simply the flip-side of a surplus. It is a situation where, at the current price, quantity demanded exceeds quantity supplied. At a price of $10, quantity supplied is 100 units and quantity demanded is 200 units, leading to a shortage of 100 units (200-100100). Our market, then, is out of equilibrium. The current price is unsustainable and must be raised in order for the market to reach equilibrium.Now you know the basics of supply and demand. Have additional questions? I can be reached via the feedback form.

Traditional Diet Vs. The New Diet And Nutrition Program

Traditional Diet Vs The New Diet and Nutrition Program By Kat Eden | Submitted On June 20, 2011 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Kat Eden I just got off a meeting with a potential client. She was searching for a fitness expert to help her shed couple of pounds for a coming event - her brother s wedding. She ll be one of the bridesmaids and she basically want to look incredible on that day. Nowadays, I don t accept new clients but something about this girl interested me. She is living healthy: for example she exercises everyday, both weights and cardio. She is eating healthy, mostly fruits and veggies, along with a carefully low intake of body fat. She s basically textbook perfect but still she hasn t achieved the body she is aiming for. I couldn t bring myself to simply refer her to a different fitness expert, or send her on her way. I needed to ask - What if everything you understand about diet is wrong? What do you mean? she replied. To cut the long story short, I found myself talking for an hour. In the following paragraphs, I will share with all of you what I told her about diet and nutrition. When it comes to diet and what s best for you,Show MoreRelatedEssay on The Paleo Diet: The Caveman Diet1490 Words   |  6 Pagesnumerous exercise programs to help you lose weight fast or build lean muscle. Then we’ve got every diet under the sun, the no carb diet, high protein diet and all juice diets. Through research we can find and utilize programs and healthy habits that we can practice for a long healthful lifetime. The Paleo Diet also known as â€Å"The Caveman Diet† has gained wide popularity across the country with everyone from celebrities to your average Joe’s next door. The uprising of this diet better referred toRead MoreHealth, Food, And Nutrition1291 Words   |  6 Pagesinformation because most of the materials were new. When it comes to food and health, there aren’t a lot of discussions and/or classes on the politics behind it. Community 156 has established this foundation for me. I will try to take you through a journey of what stood out the most to me. Nowadays, there are a lot of confusion around health, food and nutrition. Many of the diseases such as obesity, heart problems, diabetes, etc., are blamed on poor diet. 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Delivering five hours Free Essays

Utilizing the variety of office equipment as a means of facilitating the organization of the department. Participating in workshops to improve my ability to maintain the highest level of professionalism within the organization. Delivering five hours of instruction and spending three additional hours on performing research and implementing preparation methods to help officials gain a better understanding of the language. We will write a custom essay sample on Delivering five hours or any similar topic only for you Order Now New Neighbors Education Center Alexandria, VA From: Oct. 2007 – Mar. 2008 Position: Executive Assistant Maintained files, updated company’s website and database, and proofread correspondence; created electronic file system with a simplified interface and ease of access; assisted the Director and members of Board in the performance of daily tasks. Managed the major donors’ mailing list, the drafting and issuing of thank you letters and the conduction of research for program development. Supervised office assistants, including those working to perform the duties of mailing, database entry, payroll, supply orders, budgeting and other financial tasks U. S. Department of State National Foreign Affairs Training Center Arlington, VA From: Jan 2006 – Sept 2007 Position: Culture Instructor and Curriculum Developer Trained U. S. Foreign Service embassy personnel in the areas of language and culture; personnel included ambassadors and other United States officials assigned to Albania, Macedonia, and Kosovo. Developed strategic methods for teaching language and culture for augmentation of the existing curriculum Berlitz Language Services Vienna, VA From: Jan 2003 – Dec 2005 Position: Administrative Assistant/Sales Agent Represented Berlitz Language Services as a salesperson at organized conferences, meetings with clients for the purpose of developing marketing and short-term and/or long-term language program promotional deals; managed a front office and administered secretarial support to the Director and sales staff Paul’s Wholesale Co. Washington DC From: Jan 2001 – Dec 2002 Position: Administrative Assistant Managed the processing, filing, shipping and follow-up procedures connected with customers’ orders, maintaining an effective administrative system. International Rescue Committee (IRC) Shkoder, Albania From: Sept 1999 – Nov 2000 Position: Office Manager Monitored IRC projects of rehabilitated refugee impacted sites and services, ensuring their availability and readiness to handle the many Kosovo refugees. Facilitated and mediated numerous meetings and workshops with the Mayor’s office, community leaders, NGOs and other entities involved in political, social or humanitarian projects. Worked closely with refugee organizations to obtain a list of hosts from contacts in foreign NGOs in Albania, allowing for the timely completion of the $500 thousand rehabilitation project. Managed the daily office tasks; monitored and coordinated project procurement and logistics; coordinated and conducted interviewing and hiring of personnel. ECOM / MALTESER Shkoder, Albania From: Nov 1998 – Aug 1999 Position: Administrative Assistant Assisted and supported Kosovo refugees in Albania, resulting in a smooth transition of the refugees to their own country; administered the logistics and distribution of medication and other matter to minister to the needs of the refugees. Provided interpretive services and assisted in refugee cases that needed immediate attention. Adventist Development and Relief Agency (ADRA) May 1998 – Nov 1998 Tirana, Albania Assistant to the Director, Secretary, and Logistician Managed a busy office schedule, which extended to the coordination of travel logistics; conducted trainings in particular fields of expertise; formulated data collection instruments, such as surveys and questionnaires, to facilitate research into many aspects of the political situation of the region Aided the efforts of a team dedicated to reviewing laws and advising local Albanian government entities concerning humanitarian activities; provided support and research information for weekly security briefings on the latest developments in the country and the neighboring ones. REFERENCES: Supervisors may be contacted and other professional references are available upon request KSA’S: PROGRAM ANALYST/PROGRAM SPECIALIST/CONTRACT SPECIALIST Knowledge My graduate level training in Government, Law and Public Policy has given me a vast array of theoretical knowledge concerning the legal and functional aspects of the government and its policies. My knowledge and experience has also extended to the area of performing legal research in foreign countries and the administration of duties related to the management of refugees. Having had several years of experience as an assistant to the director and other executives, I have garnered comprehensive knowledge of the areas of business administration concerned with budgeting and logistics. I have also been exposed to the formulation of research instruments such as questionnaires and surveys that have aided in the collection of citizen data. I am also thoroughly familiar with Albanian language and culture, having served for more than two years within three humanitarian organizations in Albania. I understand the methods connected with training high officials in the use of language and the understanding of culture within foreign countries. I also have knowledge of the procedures and practices connected with operation within Federal Offices of the United States Government. This includes an understanding of the emergency management procedures necessary in times of disaster or distress. Finally, I have technical knowledge of several computer applications used for word processing, graphic manipulation, data entry, and data mining. Skills My administrative skills have been demonstrated by the many administrative positions I have held. They have been utilized during the period I spent in Albania, when I was in charge of performing essential office duties, as well as procurement and other logistic procedures. I am also highly skilled in the use of both English and Albanian. In Shkoder, Albania, I demonstrated the skill of monitoring IRC projects, which were instituted for the proper handling of the onslaught of Kosovo refugees. I am also skilled in mediation with government and other official organizations within foreign countries, as I was in charge of facilitating a number of meetings among the Mayor’s office, NGO’s and leaders within the community. I have also acted as an interpreter between Kosovo refugees and Albanian/American personnel, and I have been exposed to the performance and translation of legal research in the Albanian environment. Furthermore, I have worked within the U. S. Department of State National Foreign Affairs Training Center, gaining hands-on experience teaching the language and culture of Albania to the American personnel. I have also had experience and the chance to portray skill in conducting administrative business in the private sector. Abilities As a person who has been exposed to business administration and communication at the diplomatic level, I have the ability to communicate well with government officials and other members of staff within any organization. I am able to perform duties related to human resource management and development, as I have trained high level officials in the proper performance of their duties in the Albanian environment. I work very well under pressure, as has been exemplified by my performance to a high level of effectiveness in the political climate of Eastern Europe. I am also well able to perform the administrative functions related to program analysis, as I am adept in the handling of file maintenance (including electronic files), website/database updating, payroll, and mailings. I am also able to draft correspondence, manage budgets and perform the duties related to procurement and supply/inventory management. How to cite Delivering five hours, Papers

Interpreting Accounting Information for Decision Making System

Question: Discuss about the Interpreting Accounting Information for Decision Making System. Answer: Introduction: In the month of December 2016, all the financial transactions of the company have been recorded. Evaluation of the profitability achieved by the company is the objective of preparing the report. The company have been involved in selling three products and the profits is analyzed for all the types of products. The objective of the report is to provide an appropriate recommendation to the management of the company by analyzing the profits generated from different products (Demski, 2013). Analyzing the financials of the company is the main aim and the analysis is done using the statement of profit and loss. Various types of the financial transactions associated with the business is also analyzed. Report also analyses the financials of the company using ratio calculation and this comprise of the liquidity ratio and profitability ratio (Reimers, 2014). Evaluating Splash performance for December 2016: It is clearly depicted from the report presented that the management of the company has disclosed the financial performance of the company concerning the previous year. Three aspect have been chosen in order to gain the increased understanding of the research. These three aspect comprise of train, race and many more. According to the demand of market, all the three aspects have ample returns and distinct selling quantities (Collier, 2015). It is shown in the table below: Profit and loss statement summarizes all the types of expenses, revenues and cost incurred during the particular financial year. It is known by different names and most of the losses incurred and gains received by the organization are included in the profit and loss statement (Demyanenko Rozhelyuk, 2016). Return on equity and net profit margin are some of the ratios demonstrated under the profitability ratio. ROE= (1193.30/61193.30)= 1.95% Balance sheet what does it do and what is your analysis? Provide ratios. Balance sheet is the financial statement of the company, which summarizes the liabilities, asset and the shareholders equity at the particular point of time (Romney et al., 2013). It gives an idea to the investors about the amount invested by the company and the amount, which the company owes to others. Liquidity ratio is the main ratio taken into consideration. Current ratio is obtained by dividing current assets by current liabilities. CA= 4116+ 3672+4664+102152.44= 114604.44 CL= 400+ 34210= 34610 Whereas CA stands for Current assets and CL stands for current liabilities CR = 114604.44/ 34610 = 3.311 Whereas CR stands for Current Ratio The accounts transaction is terms of the application of the various types of the balances concerning accounts. They are directly related to the balances such as the total equity maintained, net profits and revenues earned by company. The application of the account of balances such as maintenance of such balance at banks and inventories (Quan et al., 2013). Concerning the liabilities, there are different types or say category of liabilities, which the company owes. There are association of various types of accounts, which is viewed to have the account payable. It include the account such as the account payable. There are different types of the accounts such as account that are payable to the accounts, which is used to view the accounts receivable. The amount of the accounts payable comes to 14663. The total valuation of the inventory comes to 3672. For race it stands at 4664 and for the train, the value stands at 4116. Recommendations It is observed that the net profit margin has declined and three types of gross rates were discovered. The recommendation offered by the analyst is about boosting the company efficiency by considering the below listed factors. It has been observed by train that the gross margin of the company in the previous year stands at 19.32%. In this regard, it is required on part of managers to prepare the strategy, which contributes in decreasing the cost of sales. This will help in dealing with the offerings of the gross profit of the company. Under the race product range, it was observed that the sales percentage of the company has increased. Therefore, under this product, the company needs to be efficient in manufacturing this product. It should avoid investing in two or more product range. Cost of sales and the production cost are included in the direct expenses. The cost of sales needs to be decreased over the financial year so that the company can experience increased profit margin rate. In the recent ear, the company has been experiencing liquidity position that is highly efficient. On this part, it is recommended to reduce the collection period of the debtors as it would help in lowering the bad debts and help in generating the increased amount of profit in short time span. Enhancing the sales would help in maintaining the constant development by increasing the efficiency. It is recommended to the operation managers to imbibe the process of production with highly efficient techniques. This will help the company in increasing the quantity of the goods sold. Additional reports suggested: Certain reports are to be prepared by the company as a part of advice. Statement of cash flow- it will be easy on the part of company to analyze the flow of cash into or out of the business by preparing the cash flow. Decisions should also be taken for the management of the future cash flow. Report on Gross margin based on product- the preparation of the gross margin report would indicate the gross margin of the entire product. It will help the company to segregate the products that are profitable to the company. Income statement that are changeable- the presentation of the report of the income statement will help in facilitating the company in realizing increasing or decreasing sales impact and the variability in the margin on the basis of net profit. Profitability based on segment- It is observed that the operations of the business of the company is segregated into three segments. The segment should be prepared because of the profitability report. This will help the business in realizing the business units, which are profitable. Conclusion: From the above analysis, it is concluded that compared to the selected two offering, the sales of train is at the highest level. The gross profit of the company is lower and for the offerings of the company, the cost of sales is at the top position. On the other hand, the competition of sales in the race product range as compared to other product has performed efficiently in sales. This is reason that the train has less cost of sales with higher gross profit margin. The sales amount of the race is lowered and the decreased cost of sales stands at $ 476. The fallen amount of sales has been attributable to the increased gross profit. The increased value of the gross profit stands at 73.84%. It is observed that the company would be able to attain huge amount of gross profit margin if there is decline in the amount of sales rather than the reduced cost of sales. Train has the highest variation in the sales and the sales cost as compared to the rate of return in the form of gross profit. Attainment of 73.84% gross profit has also reduced the difference for Race. Reference: Collier, P. M. (2015).Accounting for managers: Interpreting accounting information for decision making. John Wiley Sons. Demski, J. (2013).Managerial uses of accounting information. Springer Science Business Media. Demyanenko, M., Rozhelyuk, V. (2016). System Approach to Formation of Accounting Information for Management.Accounting and Finance, (2), 8-15. Quan, Q., Li, Y., Wang, L. (2013). Research of Accounting Information System Under E-Commerce. InProceedings of the International Conference on Information Engineering and Applications (IEA) 2012(pp. 679-686). Springer London. Reimers, J. L. (2014).Financial Accounting: Business Process Approach. Pearson Higher Ed. Romney, M. B., Steinbart, P. J., Mula, J. M., McNamara, R., Tonkin, T. (2013).Accounting Information Systems [1st Australasian edition]. Pearson Australia. Shoaei, S., Rahimi, R. (2014). Accounting Information System Cycles, Management Accounting Basis.Asian Journal of Research in Business Economics and Management,4(8), 381. Zare, I., Nekounam, J., Pirzad, A., Sedaghatjoo, F., Mosavimoyahar, S. (2013). Role of accounting information systems on relevance of accounting information.Life Science Journal,10(3s).