A person may choose to rent instead of buying a property as they can't afford a down payment
Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.
<h3>What is product maximization?</h3>
Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.
Thus, n this case, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.
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Budgeting allows management to decentralize responsibility while yet maintaining control over the company. It quickly uncovers organizational flaws, inefficiencies, and deviations that may be addressed in order to reach a desired goal.
Answer:
c. $980,200
Explanation:
The computation of the cash collections is shown below:
As January sales is $839,000
So, Cash sales
= $839,000 × 20%
= $167,800
So Credit sales
= $839,000 × 80% × 75%
= $503,400
And on January 1 , the account receivable is $309,000
So, the January cash collections from sales is
= $167,800 + $503,400 + $309,000
= $980,200
Answer:
Negotiation
Explanation:
Liz and Moss disagree over the amount due under their contract. To avoid involving any third party in the resolution of their dispute, Liz and Moss might prefer to use the alternative dispute resolution method of negotiation.
Alternate Dispute Resolution methods include arbitration, mediation and negotiation.
<u>However of the 3 methods above arbitration and mediation involves the use of third party interference in the dispute resolution.</u>
<u>Therefore only negotiation is a viable means of alternate dispute resolution if the presence and interference of a third party is undesirable.</u>