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8 months ago

you make a clay pot for $10 and sell it to a customer for $40. what is your economic surplus associated with the transaction?

Business

1 answer:

Bess [88]8 months ago

3 0

The transaction's surplus in terms of the economy $30

<h3>Which principle states that the next-best choice you must forego in order to have something is its true cost?</h3>

The idea of opportunity cost, which states that the opportunity lost as a result of a decision, determines the true cost of an economic decision, is closely tied to the principle of substitution.

<h3>What is a sunk cost, give an example, and explain why it doesn't matter when deciding what to do in the future?</h3>

Sunk costs are viewed as bygone in economic decision-making and are not taken into account when determining whether to continue an investment project. Spending $5 million to establish a plant that is expected to cost $10 million is an example of a sunk cost.

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Who is affected negatively when a country’s currency is weak? Give domestic and foreign examples

fomenos

Its citizens, and government.

5 0

2 years ago

Mill Company began operations on January 1,2017, and recognized income from construction-type contracts under different methods

ANTONII [103]

Answer:

i. Deferred income taxes balance on December 2019 is $192,500

ii. Deferred tax asset.

Explanation:

Year Tax purpose Book purpose Difference Deferred tax book

2017 $400,000 $0 $400,000 $140,000

2018 $625,000 $375,000 $250,000 $87,500

2019 $750,000 $850,000 ($100,000) (<u>$35,000)</u>

Deferred tax asset balance on December 2019 = <u>$192,500</u>

<u><em>Working</em></u>

<u>Deferred tax book</u>

2017 = 400,000 * 35% = $140,000

2018 = 250,000 * 35% = $87,500

2019 = (100,000) * 35% = ($35,000)

ii. Book income is less than tax income in 2017 and 2018. Deferred tax asset would be accounted. Book income is higher than tax income in 2019. Deferred tax asset would be reverse (i.e. deferred tax liability). Balance at the end of December 31, 2019 would be Deferred tax asset.

4 0

2 years ago

Jasmine is the director of marketing for a chain of clothing stores. She's been given a set budget and needs to drive as many po

klio [65]

Answer:

Strategy she should use is "Maximize Clicks"

Explanation:

Jasmine should use Maximize clicks automated bidding strategy as to drive her clients to her website so that maximum people can visit her website in a set budget and choose her clothing products.

3 0

3 years ago

________ is the analysis and redesign of workflow within and between enterprises. Multiple Choice Business process reengineering

stich3 [128]

(C) Business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.

<h3>What is Business process reengineering (BPR)?</h3>

Business process re-engineering (BPR) is an early 1990s business management method that focuses on the analysis and design of workflows and business processes within a company.
BPR seeks to assist firms in fundamentally rethinking how they do business in order to improve customer experience, reduce operational costs, and compete on a global scale.
BPR aims to assist businesses in significantly restructuring their organizations by focusing on the design of their business processes from the ground up.
A business process, according to early BPR proponent Thomas H. Davenport (1990), is a sequence of logically related operations executed to produce a specific business objective.

Therefore, (C) business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.

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Complete question:

__________ is the analysis and redesign of workflow within and between enterprises.

Multiple Choice

(A) Critical success factors (CSFs)

(B) Benchmarking metrics

(C) Business process reengineering (BPR)

(D) Decision support interfaces (DSI)

5 0

2 years ago

Anna is willing to spend $500 for the bike she wants. if she finds a bike store where the price of the bike she wants is only $4

muminat

The answer is $100. The consumer surplus is $100 because that is the difference between what Anna has set as her ceiling for the purchase of the bicycle, $500, and then subtracted by the amount that she actually does pay, $400, that difference is what is referred to as consumer surplus. What the consumer is mentally committed to paying minus what the consumer actually pays.

8 0

3 years ago