think of a scene from a popular movie that shows an entrepreneur bringing together the factors of production to produce

mezya [45]

A computer game that can be purchased online and played right away has good time utility.

This is because going to the store then installing the game on your computer takes time. This time can be saved by simply buying the game online and playing it right away.

7 0

3 years ago

"distinguish between an absolute advantage and a comparative advantage. cite an example of a country that has an absolute advant

xxTIMURxx [149]

Answer:

Distinguish between an absolute advantage and a comparative advantage is discussed below.

Explanation:

Absolute advantage and a comparative advantage

Absolute advantage concentrates on the marginal cost of reproduction of an asset whereas comparative advantage characteristically concentrates on the opportunity cost of production.
Trading judgments based on comparative advantage between nations are forever respectively advantageous.

5 0

3 years ago

The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,

Margaret [11]

Answer:

36.26%

Explanation:

Simple rate of return:

return/investment

return:

In this case, it will be the cost saving for the new machine: 161,000

investment

We will decrease the investment by the recovery from the old machine.

468,000 new machine - 24,000 salvage value of new = 444,000

Then, proceed to calculate:

161,000/444,000 = 0.3612 = 36.26%

Consideration:

Is important to state that this rate, do not consider the time value of money, neither the cash flow of the project.

3 0

3 years ago

A wedding party hired a sole proprietorship to cater their wedding. In this situation the sole proprietorship is a partnership,

Kruka [31]

Answer:

False

Explanation:

A sole proprietorship is owned and managed by a single person. The owner is responsible for all the decisions and actions of his or her business. The owner may hire workers to assist in running the business. The workers remain workers and not partners in the business.

The law does not distinguish between the business and the owner. Any liabilities arising from the business are considered to be the owner's liability. In this wedding situation, the sole proprietor is solely responsible for the mistakes of his assistant.

7 0

3 years ago

Jackson company has the following financial information for their most recent fiscal year: Revenues Cost of Sales Interest Expen

irinina [24]

Answer:

The calculations are shown below

Explanation:

The computations are shown below:

But before that, first we have to prepare the income statement so that the values could come

Particulars Amount

Revenues $99,700

Less: Cost of sales -$64,700

Gross profit $35,000

Less: Interest expenses -$1,800

Earnings before tax $33,200

Less: Taxes -$11,620

Net income $21,580

So, the calculations are shown below:

1. Earnings per share = Net income ÷ Common stock outstanding

= $21,580 ÷ 16,000 shares

= $1.35 per share

2. Price earnings ratio = Stock price per share ÷ Earnings per share

= $22 ÷ $1.35

= 16.3 times

3. Long term debt to equity ratio = Long term debt ÷ Total equity

= $45,800 ÷ $120,000

= 0.38 times

4. Total market value = Number of shares outstanding × Market price per share

= 16,000 shares × $22

= $352,000

4 0

3 years ago