From the given scenario, it can
be inferred that Jake belongs to the information systems steering committee. <span>Steering committee make sure every IT project
supports business goals and objectives. It provides support, guidance and
oversight of progress. The committee is responsible for creating working groups
and choosing the right experts to complete a project.</span>
The manufacturing business that smith used to illustrate the effects of division labor is the pin-making industry. Adam Smith is a Scottish economist which he was know for his book "An Inquiry into the Nature and Causes of the Wealth of Nations" was was until now used as a primary reference in economic studies.
Answer:
a. Marketopia has a comparative advantage in the production of pies.
Explanation:
The computation is shown below
As we know that the comparative advantage principle refers that the firm which has less opportunity cost in the production of a good should generate that specific good and specalize according to this
Now
for Marketopia
The opportunity cost of cookies is 18 by 30 pies = 0.6 pies
The opportunity cost of pies are 30 by 18 cookies = 1.67 cookies
For Ecolandia
The opportunity cost of cookies is 9 by 90 = 0.1 pies
The opportunity cost of pies is 90 by 9 = 10 cookies
We can see that Econlandia has the comparative advantage in cookies while on the other hand the marketopia has the comparative advantage in pies
Therefore the correct option is a.
Answer:
C. 11.8 percent
Explanation:
The computation of the cost of equity is shown below:
= Risk free rate of return + Beta × market risk premium
= 3% + 0.8 × (14% - 3%)
= 3% + 0.8 × 11%
= 3% + 8.8%
= 11.8%
Hence, the cost of equity is 11.8%
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
<u>Calculation of Abburi Company’s manufacturing overhead:</u>
It is given that company's manufacturing overhead is 60% of its total conversion costs. And Conversion cost is a sum of Direct Material and Direct Labor costs. Hence we can say that:
Manufacturing overhead = (Direct Material + Direct Labor Costs)*60%
= (26600+40000)*+60%
= 39960
Hence, Abburi Company’s manufacturing overhead is<u> $39,960</u>