What could a financial manager look at to determine whether his company is successful or in distress?

There are plenty of things that the manager could see, some of them and the most important ones are explained below.

Explanation:

To begin with, there is the debt to equity ratio that the manager can see to know how well they are doing with the debts of the company and that would tell them if all the income that the company is having are going directly to the payment of the debts or if they are getting profits indeed. Moreover, the manager would have to see also the cost structure and the sales forecast in order to understand if there is an efficient productivity that will generate the products in time and form to achieve the sales expected so that the all the fixed costs are covered by the income acquired from those sales. Another important point to look up to is the cash flow statement, where the manager would see all the money that is coming in and out of the organization.

answer; rapid growth in buyer demand and high buyer switching cost;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.