Answers
Answer:
The opportunity cost of producing cars
Explanation:
In business , every action and decision comes with opportunity cost as resources for production will always have alternative usage. Therefore , opportunity cost of a decision is defined as the alternative forgone in arriving at a chosen decision. That is , the related benefits of an option sacrificed to produce another item.
Looking at the given scenario , Japan was confronted with using the available resources to produce either cars or corns , but finally decided to produce cars at the expense of corn, With this decision , every benefit related to the production of corn has to be forgone for the production of cars, therefore, the opportunity cost of the decision to produce cars is the forgone production of corn.
Related Questions
Mitzi's Pet Salon hires you to determine the company's status. The data in Table 11.5 provides information on the company's annual costs and revenues. Mitzi spends at least 40 hours a week at her place of business. If she closed the salon, she could work for her competitor and earn $15,000 per year. She also owns the building that houses the salon and could rent it out for $18,000 per year if she closes her business. Calculate the economic cost and economic profit for Mitzi's Pet Salon. Would an accountant come to the same conclusion about the profitability of this firm? Explain
Answers
Based on the figures given for the business, we can calculate the following:
Economic cost = $92,000Economic profit = -$2,000An accountant would not come to the same conclusion about profitabilityEconomic cost includes both implicit and explicit costs. Implicit costs are opportunity costs and explicit costs are the normal costs.
Economic cost here is therefore:
= Wages + Interest + Expenditure + Earnings if working for competitor (implicit cost) + Prospective rent income if rented out (implicit cost)
= 25,000 + 3,000 + 31,000 + 15,000 + 18,000
= $92,000
Economic profit:
= Total revenue - Economic cost
= 90,000 - 92,000
= -$2,000
An accountant would use accounting profit which is:
= Total revenue - Explicit costs
= 90,000 - 25,000 - 3,000 - 31,000
= $31,000
In conclusion, the company is making an economic loss.
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design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
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The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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Do you believe the statement "perception is reality"? Why or why not?
Answers
Here’s an excellent example from history.
For 28 years, the Berlin Wall separated East Berlin from West Berlin and was the most heavily militarized border crossing in the Western hemisphere. In 1989, during a press conference with western media, Gunther Schabowski was handed a note explaining a change in policy governing border crossing. Several discussions took place about making a show of opening the border between East and West Germany, but nobody informed Schabowski.
At the end of the press conference, he appears to have remembered the note belatedly, and read it verbatim—which was not what was intended. When asked about when the border would open, he assumed it was immediate.
The reality of course was that East Germany had no intention of opening the border, and certainly not immediately.
Within hours, the border crossing was practically buried under thousands of East Germans eager to be reunited with their families and other loved ones after 28 years on the press conference, which had been broadcast live.
The East Germans believed what they were told: Schabowski said immediately, and they intended to go immediately.
Border guards kept calling for instructions, until finally, they relented.
Perception became reality, and the border between East and West Berlin opened, spelling the de facto end of the separation of Germany.
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Related Questions (More Answers Below)
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a(n) _____ basis.
commission
commission
contract
contract
hourly
hourly
salary
Answers
Salary
it is the only thing that is a set wage no matter the hours and work completed
should be considered when choosing a location for your restaurant.
Answers
A major consideration to put in place before choosing a location for restaurant is the zoning rules.
What is meant by the term zoning rules?In simple terms it refers to the raws and regulation of a region or a small area, it also dictate how things can be done in terms of properties.
The zoning law is applicable to businesses, residential and commercial activities.
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What body of people do not have to worry about raising capital?
Answers
-Entrepreneurs
I hope this helps! Have a good rest of your day/night :)
Given the following scenario, which of the strategies for promoting a positive service culture needs to be better taught to and practiced by the employee? Walter
is helping a customer who is looking to purchase a new television. The customer wants a new model and one that has excellent sound quality. Walter knows that
there are only two brands that meet the customer's, wants: Kanazawa and Himeji. However, Walter knows that they are out of stock in both products, and he has
been pressured by his manager to sell more Saitama televisions in order to make room for other brands. Walter knows that the Saitama brand does not meet the
specifications that the customer is looking for, but, to make his sales numbers look better and to please his manager, Walter tells the customer that Saitama
televisions are exactly what they are looking for. The customer buys the Saitama television and goes home feeling like they got the best television to fit their
needs.
Becoming an expert on your organization
Answers
The strategies for promoting a positive service culture needs to be better taught to and practiced by the employee is: Becoming an expert on your organization.
What is the strategies for promoting a positive service culture ?The strategy of becoming an expert on your organization needs to be better taught to and practiced by the employee in this scenario.
By misrepresenting the capabilities of the Saitama television, Walter is not providing the best service to the customer and goes against the principle of putting the customer's needs first.
Becoming an expert on the products and services offered by the organization and being transparent about their capabilities would have helped Walter to better serve the customer and maintain a positive service culture.
Therefore becoming an expert on your organization is the strategies for promoting a positive service culture needs to be better taught.
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Consider the following BPMN diagram:
Answers
If we look at the process model, we can see that Task A is the first task and must always be completed in order for the model to be run. Further observation reveals that because an exclusive gateway is employed, any of the two jobs, B and C, is carried out individually rather than simultaneously. As we continue to move through the BPMN diagram, we see that task M is the conversing task and is therefore always run along with a networks message flow from it to task F, which is done as soon as a message is received in pool 2 and finishes.
An item of networking hardware or software called a gateway is used in telecommunications networks to allow data to go from one distinct network to another.
The way that gateway differ from routers and switches is that they can join various networks using more than one protocol to communicate and that they can function at any of the seven OSI levels.
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The following is an example of the reasoning of a rule utilitarian:
"If the practice of stealing is bad, then one ought not to steal now, even if in this case to steal would actually bring about better consequences."
a. True
b. False
Answers
Answer:
The correct answer is the option B: False.
Explanation:
To begin with, the concept of "Rule Utilitarism" refers to a type of utilitarism in where the main characteristic is in the belief that an action is right when it conforms to a rule that leads to the greatest good. Therefore that under this type of ideology, the utilitarians believe that an action would be right when the amount of good that it brings is greater than the action itself. And that is why that for an utilitarian to steal would not be wrong in the case that a greater good would come afterwards for the majority, so that means, better consequences.
explain demand and supply of money
Answers
The money demand curve is downward sloping, i.e., the demand for holding money increases with decrease in interest rates. The short-term interest rate (i) is determined by the equilibrium of the supply and demand for money. If the interest rates are above the equilibrium, there is excess supply of money.
Cost of occupancy, general management and salesforce management are considered ______________.
a) full costs
b) indirect costs
c) contribution accounting
d) All of the above
e) None of the above
Answers
Answer:
B) indirect costs
Explanation:
Indirect costs can be regarded as costs incurred whereby this cost are not directly assigned to a cost object specifically. Indirect costs can comes as a fixed cost, it can also come as variable cost. Some of Indirect costs are; personnel as well as
administration and security costs. They are costs that are not regarded as been directly related to production.
It should be noted that Cost of occupancy, general management and salesforce management are considered indirect costs.
In 2020, Cullumber Company reported net income of $585000. It declared and paid preferred stock dividends of $111000 and common stock dividends of $54000. During 2020, Cullumber had a weighted average of 300000 common shares outstanding. Compute Cullumber's 2020 earnings per share.
Answers
Answer: $1.58
Explanation:
Earnings per share is the amount of a company's earnings that is available to the common shareholders.
Formula is;
Earnings per share = (Net Income - Preferred dividends) / Weighted average common share outstanding
= (585,000 - 111,000) / 300,000
= $1.58
how could competition policy undo the wrongs of the past and make south Africa a better place
Answers
Answer:
To achieve its purpose, the Commission's core functions are the following: implement measures to increase market transparency; implement measures to develop public awareness of the provisions of the Act; investigate and evaluate alleged anti-competitive conduct; conduct formal inquiry in respect of the general state of ...
Explanation:
It is a structure which regulates the markets and monopolies in the country. It generally aims in preventing monopoly growth. It benefited by balancing the act of economic transformation that will benefit all South Africans through ownership, the participation of small and medium enterprises and employment.
provide services to customers on account for $50,000. purchase bike equipment by signing a note with the bank for $35,000. repay $10,000 of the note in (b) above. pay utilities of $5,000 for the current month.
Answers
The accounting customers effects to take place for the transactions will be, A-Ac Receivables increase; B-Cash Increase; C-Bills Payable Increase; D-Cash decrease.
In the realms of sales, commerce, and economics, a client is a person who purchases something from a seller, vendor, or provider in exchange for money or another advantageous consideration. Customers are sometimes referred to as clients, buyers, and purchasers. Early communities relied on a favor-based gift economy. Later, as commerce grew, relationships between people grew brittle and more dependent on momentary necessities than on abiding social desires. Clients are those who receive individualised advice and solutions, whereas customers are frequently thought of as people who make purchases of goods and services. [3] Despite the conceptual meaninglessness of these distinctions, clients are typically prioritised by organisations like law firms, film studios, and healthcare providers.
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Complete question is here:
The following transactions occur for Badger Biking Company during the month of June:
(a) Provide services to customers on account for $50,000.
(b) Receive cash of $42,000 from customers in (a) above.
(c) Purchase bike equipment by signing a note with the bank for $35,000.
(d) Pay utilities of $5,000 for the current month.
Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.
Assets = Liabilities + Stockholder's equity
In 2006, Atlanta once again hosted the Peachtree Road Race, a running event that attracts many world-caliber racers. This year race officials also sanctioned a race conducted in Iraq so that soldiers from the state would not have to miss the annual event. The winners of the Mideast race as well as scenes of the actual race were televised. In terms of a promotional mix, this Iraqi Peachtree Race was as example of:
a. advertising and personal selling efforts.
b. strategic product promotions and resulting sales.
c. a target marketing strategy.
d. sales promotion efforts.
e. a public relations strategy and resulting publicity
Answers
Answer:
The correct answer is: e. a public relations strategy and resulting publicity.
Explanation:
In the scenario exemplified above, it can be considered that in terms of the promotional mix, the Iraqi Peachtree race was an example of a public relations strategy, as the function of these professionals is to promote an event, brand or company with the objective of attracting positive publicity. , which was what happened in the case of the race.
Public relations activities helped to generate publicity for the event through television media reports.
How do taxes affect people from different socio-
economic backgrounds ?
Answers
You, a Captain, are a section chief in Military Personnel and 2d Lt Smith’s supervisor. Lt Smith is a Force Support Officer. She has been on active duty for a year and in her present job for 10 months. She supervises 21 enlisted personnel who perform a variety of administrative tasks in support of a tactical fighter wing. She majored in business administration in college, served 3 years as an administrative specialist, and was an E-4 before being accepted for OTS. As an enlisted member, she graduated from technical school as an honor graduate and was cited on numerous occasions for outstanding performance. Her supervisors considered her a valuable asset to the unit and an expert in her area of responsibility. She’s very enthusiastic about her work and plans to make the Air Force a career.
Lieutenant Smith took over her job 2 months after the unit had received a rating of “marginal” by the numbered Air Force Inspector General’s evaluation team. At the end of her first week on the job, Lt Smith called her NCOIC and key supervisors together and told them that she wouldn’t tolerate marginal performance, that she had previous experience in this type of work, and would be looking at the quality of their work very closely. Since that time, Lt Smith has attempted to supervise every phase of work in her office and, at times, has involved herself in even the most routine decisions. Lt Smith assigns people to certain jobs within the office, plans the work schedule, leave schedule, and does most of the counseling in the office.
In the last 6 months, Lt Smith has ordered several people to work overtime to complete routine work ahead of schedule. Each time this has happened, the NCOIC has asked the lieutenant for permission to speak to her immediate supervisor. On each occasion, the lieutenant has told the senior master sergeant he must not take these internal problems to you, because she’ll take care of any problems in her section--and the NCOIC should remember who writes his EPR.
Most of the time, when Lt Smith approaches the work or break area where the workers are congregated, she notices all conversation stops and the personnel won’t talk to her unless she addresses them first. After reviewing a report yesterday, Lt Smith became very impatient. She bypassed his NCOIC and took the report directly to the Airman who had typed it. While Lt Smith was berating the Airman about the typing errors, the NCOIC walked into the office and asked the Airman what the problem was. The lieutenant became flustered, told the NCOIC she was tired of doing his job for him, and shoved the report into his hands. Lt Smith then went into her office and slammed the door.
The NCOIC relayed this situation to you and asked for your help. How will you help? BACKGROUND
*ENVIRONMENT: Airforce Base
*PEOPLE INVOLVE: The Captain, Lt Smith, Airman and NCOIC.
PROBLEM DEFINATION
*Lt Smith Unprofessional Behavior
DIAGNOSIS
*Marginal Performance
*Previous Experience
*Enthusiastic With her Job
*Academic Credibility
Answers
The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.
Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.
As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.
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A diesel-powered tractor with a cost of $250,020 and an estimated residual value of $6,200 is expected to have a useful operating life of 73,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places. $fill in the blank 1
Answers
Answer: 365
Explanation:
Lawn care skills Choose Transferable skills Specialized skills
Answers
Answer:
transferable
Explanation:
____________ is the process of identifying and assessing the volume and sentiment of what is being said about a company, individual, product, or brand. Digital marketing Visual analytics
Answers
Answer:
d) Social media monitoring
Explanation:
Social media monitoring includes the tracking of brand i.e. online and the responses also. You should check and keep your brand on the top of the message prior it become viral for the reason i.e. not right. Also it would help in maintaining the positive brand between the consumers and influencers
So, as per the given situation, it is a social media monitoring
It costs Coronado Industries $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 1800 scales at $15 each. Garner would incur special shipping costs of $1 per scale if the order were accepted. Coronado has sufficient unused capacity to produce the 1800 scales. If the special order is accepted, what will be the effect on net income? $5400 decrease $3600 increase $27000 increase $3600 decrease
Answers
Answer:
$3600 increase
Explanation:
The computation of the effect on the net income is shown below:
Revenue arises from special order
= ($15 - $1) × 1,800
= 25,200
Cost for the special order
= $12 × 1,800
= $21,600
Now in case when the special order is accepted
So, the effect on the net income is
= Revenues - cost
= $25,200 - $21,600
= $3,600 increase
Jacqul makes $35 an hour working as an accounting assistant. She works 40 hours each month.
Answers
Answer:
35x40=1,400
Explanation:
jacqul will make 1,400 dollars per month or 16,800 a year
Answer:
9800
Explanation:
35x40=1400
1400x7=9800
9. Which of these is a mutual fund?
Answers
Answer: A. a fund that pools money from many investors to buy securities
he financial statements of Denison Furniture Company include the following items: 2019 2018 Cash $53,500 $53,000 Short-term Investments 29,000 15,000 Net Accounts Receivable 92,000 105,000 Merchandise Inventory 162,000 142,000 Total Assets 532,000 551,000 Total Current Liabilities 235,000 215,000 Long-term Note Payable 62,000 60,000 What is the 2019 cash ratio? (Round your answer to two decimal places)
Answers
Answer:
The cash ratio is calculated by dividing cash and short-term investments by current liabilities.
Cash ratio for 2019 = (53,500 + 29,000) / 235,000 = 0.39
Rounding to two decimal places, the 2019 cash ratio is 0.39.
Explanation:
After years of doing their own bookkeeping and preparing all of their tax documents in-house, the Watkins BookStop is having a formal financial statement prepared. Write a short essay citing two possible reasons they would need a financial statement prepared.
Answers
Answer:
Most bookkeepers will prepare three major financial statements for your business—the profit and loss statement, balance sheet, and cash flow statement. It's a good idea to have updated financial statements every month, and then again at year end
Financial statements are the annual financial reports that every company needs to prepare at the end of the financial year to know the financial position of the business in the market.
Why do we need to prepare financial statements?Financial statements play an important role in terms of providing information to investors because they can provide enormous information about a company's revenue, expenses, profitability, debt load, and the ability to meet its short-term and long-term financial commitments
There are three major financial statements: Balance Sheet, Income Statement, and Cash Flow Statement.
As per the information available, the firm would need to prepare the financial statements because their business would have expanded over the period of time and for the fulfillment of the interests of the stakeholders.
Thus, In this way, they can show the true financial position of the business in the market.
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The lowest amount a manufacturer can pay factory workers is an example of
an incentive.
a price floor.
a price ceiling.
an elastic service.
Answers
Answer:
The answer to this question is given below in the explanation section.
Explanation:
The correct answer to this question is the price floor.
The Price floor is the lowest amount that is imposed by the government or group-imposed lowest price limit for a product or service. The government uses the price floor to keep prices at a certain level from going to low. So price floors for workers set by the government that the employer should not pay less than the set amount.
while other options are not correct because::
The price ceiling is the high amount set by the government or the by other groups for a product or service.
An incentive is an amount or something that can be given to employees or someone for motivation or encouraging them to do something.
An elastic service is given by amazon to develop and run the application with different tools etc.
Answer:price floor
Explanation:
When total imports of exceed export, then the balance is to be
Answers
Answer:
Negative
Explanation:
Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is most closely related to which source of competitive advantage?
Answers
Answer:
Natural resources
Explanation:
Im not quite sure what your asking but if im right I think they have the competitive advantage of natural resource which would be the cow poop/manure that theyre using to power there facilities and fuel milk tankers.
sorry if im wrong
Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is most closely related to sustainability management.
What is sustainability management?Sustainability management is a management discipline which embraces corporate strategies, operational capabilities, competencies, behaviours and cultures. The focus is on the products, services and the enterprise.
The supply chain is also the focus. The goal is to bring optimal balance to the performance of the organisation. It also aims to improve economic, environmental and social outcomes.
It is basically the production or consumption to minimize the impact on the environment and maximize the conservation of resources and their reuse.
The depletion and degradation of our natural resources is the reason why this is a much-needed and should also be a much-utilized idea.
Therefore, Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is most closely related to sustainability management.
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Classify the following items as an asset (A), a liability (L), or stockholders' equity (S) for Target Corporation, a large retailer:
a. Land
b. Accrued expenses payable
c. Supplies
d. Equipment
e. Notes payable
f. Long-term debt
g. Retained earnings
h. Prepaid expenses
i. Accounts payable
j. Accounts receivable
k. Merchandise inventory
l. Common stock
Answers
The classification of an asset, liabilities, or stockholder equity is as follows:
Land = AssetAccrued expenses payable = LiabilitiesSupplies = AssetEquipment = AssetNote payable = LiabilitiesLong-term debt = LiabilitiesRetained Earnings = Stockholder equityPrepaid expenses = AssetAccount payable = LiabilitiesMerchandise inventory = AssetCommon stock = Stockholder equityLearn more about the asset here: brainly.com/question/14404094
Create a bulleted list of four descriptive terms describing possible experience a person may have. These may be your own experience, the experience of someone you know, or they may be the experience a made-up person could have. Complete sentences are not necessary.
This for Career Explorations Please help how can I add experiences that are/can be related to my career clusters: Education & Training, Government &Public Administration, and Human Services.
Answers
Answer: I can’t give an exact answer but i can help you get on the right path an experience is The knowledge or skill acquired by experience of carrying out a task or chore over a period of time, Especially that gained in a particular profession by working a position in a job for certain amount of time that you can carry out that procedure independently with out needing instructions or training first
Answer:
-maya has been an actor in many movies
-katie has had instructors that have improved her coding skills
-kaylee has been to many different parts of the world
-rose has worked at amazon for 15 years
Explanation:
this is what i put down