How they spend their time would depend on what is on the estate. If it was a farm, or ranch then they would probably be supervising the agricultural work being done on it or managing the cattle or sheep, say. If it was a resort, then they would be busy attending to the needs of their guests for food, accommodation and recreation.
Answer:
a. Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.
b. Whataburger should hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost
Explanation:
a. According to the given data we have the following:
Let "C" is a cashier.
"K" is a kiosk
MPC = 48 (Marginal Product of Cashier)
MPK = 32 (Marginal Product of Kiosk)
PC = $15 (cashier can be hired for a wage of $15)
PK = $12 (Kiosk rents for $12)
At optimal cost minimization point, (MPC / MPK) = (PC / PK)
(MPC / PC) = (MPK / PK)
(MPC / PC) = (48 / 15) = 3.2
(MPK / PK) = (32 / 12) = 2.67
Since the (MPC / PC) and (MPK / PK) is not equal. It implies Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.
b. We have to use the following:
(MPC / PC) > (MPK / PK)
i.e., 3.2 > 2.67
It means Whataburger hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost.
<h2>using formal writing style</h2>
Explanation:
Informational reports are written for the purpose of internal audience.
A formal writing style consists of the following:
- It will be written using active voice
- Will avoid vague language
- Sentences will be crisp and clear. No too lengthy sentences are allowed
- Abbreviations will not be present
- Sentences will include items expressed in a positive way
- There will not be any exaggeration of pointers
- No exclamation mark will be outside the quotation marks.
Answer:
c.$87,400 $(15,700)
Explanation:
Equipment ($89,700- $2,300) $87,400
Cash $2,300
Loss ($105,400 – $89,700) $15,700
Land (book value)105,400
Therefore Assuming that the exchange has commercial substance, the company would record equipment and a gain/(loss) of $87,400 $(15,700)
Answer:
(c)
Explanation:
The leadership grid also called managerial grid is a model propounded by Robert R. Blake and Jane Mouton in 1964.
The model is called leadership grid because it is represented in the form of a grid, with "concern for production" in the x-axis while "concern for people" as the y-axis.
This model identifies the ideal leadership style as one that incorporates a high concern for production while also considering the individuals who take part in the production; the people.
