Answer:
A. In a comparative negligence state, the actions of Don and Alice will be weighed to determine liability.
Explanation:
Comparative negligence is a way to weigh the negligence of the parties involved in a dispute.
In this case Don could be said to be negligent by not securing the boards properly in his truck, resulting in them falling off.
On the other hand Alice should have not been driving very closely to Don's truck.
So the actions of Don and Alice will be weighed to determine liability.
Answer: a. 12.5%
b. -16.67%
c. 5.88%
Explanation:
a. Energy Change will be:
(Production x 12)/Energy
Last year : (1500 × 12)/3200
= 5.625loaves/BTU
Now : (1500 × 12)/2800
= 6.42857 loaves/BTU
Percent Change will be:
= [6.42857 - 5.625]/6.42857 × 100
= 12.5%
b. Capital productivity increase will be:
= Production x 12)/Capital investment
Last year : (1500 × 12)/15000
= 1.2loaves/BTU
Now : (1500 × 12)/18000
= 1 loaves/BTU
Percent Change will be:
= (1-1.2)/1.2 × 100
= -16.67%
b. Labor Change:
Last year : (1500 × 12)/340
= 52.94 loaves/labor hour
Now : (1500 × 12)/320
= 56.25 loaves/labor hour
Percent Change:
= (56.25 - 52.94/56.25) × 100
= 5.88%
Answer:
Which of the selling and administrative expenses of the company is variable?
Answer: Sales has been decreased by 9.09% (-1,000 / 11,000 X 100) as compared to previous month. So, the expense which has been proportionally decreased is variable expense in nature.
Rent has been fixed during the months.
Sales commission has been decreased by 9.09% (-1,200 / 13,200 X 100)
Maintenance expense has been decreased by 3.7% (-500 / 13,500 X 100)
Clerical expense has been decreased by 6.25% (-1,000 / 16,000 X 100)
So, Sales commission expense is the variable expense in sales and administrative expenses.
Answer:
persists because economic wants exceed available productive resources.
Explanation:
The scarcity problem is the fundamental economic problem in every kind of society: from the most primitive, to the most advanced, and this is because the nature of human beings is that they are never fully satisfied, and always want more, no matter how rich or poor they are.
In advanced nations such as the United States, Switzerland, or Norway, the scarcity problem still exists. This is why there are economists in these countries in the first place, and why economic policy is a central part of any politician's and government's platform.
