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olga nikolaevna [1]
4 years ago
9

A valuable client wanted to increase the scope of the work on Franklin's project by 10% but did not want to increase the budget.

What would be Franklin's best course of action?
Business
2 answers:
kenny6666 [7]4 years ago
6 0
Since this client is a valuable one, it will be Franklin's and his company's loss if the client withdraws the partnership with them. It is therefore best if Franklin would make a win-win out of the situation and do his best in doing the addiotnal task asked by the clients. 
Mice21 [21]4 years ago
6 0

Answer: Create an exception report

Explanation: APEX

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Suppose that out of the original 100 increase in government spending, 60 will be recycled back into purchases of domestically pr
forsale [732]

Answer:

d. 36

Explanation:

The computation of value will be recycled is shown below:-

Out of 100 expenditure changes 60 should return to buy.

Thus, the saving = 100 - 60

= 40%

and consumption is 60%.

The value recycled in the next round = First round purchase × Consumption ratio

=  60 × 60%

=  36

Therefor for computing the value will be recycled in the next round we simply multiply the first round purchase with consumption ratio.

7 0
3 years ago
The opportunity cost of producing capital is
Fittoniya [83]

Answer:

A) decreased current production of consumption goods.

Explanation:

Opportunity cost is the economic cost that is not part of books of accounts. It is the cost of sacrificing one alternative for choosing another one. It is always calculated in terms of money, sometimes time, skill, etc are also referred to as opportunity costs. If one wants to produce capital then he has to give up the current production of consumption goods.

8 0
4 years ago
If people speculate that a run on one bank will cause a run on all banks in the financial​ system, and this speculation proves​
fiasKO [112]

Answer:

This is known as Bank panic

Explanation:

Bank panic happens when in a banking system, many banks suffer from a bank run, that is, many of its depositors loss their confidence that the bank may repay their deposit, thus they want to withdraw their deposit put with the bank.

As Banks operating using notably high leverage, many of its assets are not highly liquid ( e.g: loans, bonds that will not be paid until maturity) and the fact that they lend to and borrow from each others frequently and heavily, a bank run happens for one bank may cause liquidity issues to not only that bank but also other banks in the systems.

Having understood that, people tend to speculate that a run on one bank will cause significant problem to the systems, and a likely probability that bank panic occurs.

5 0
4 years ago
On February 3, Smart Company sold merchandise in the amount of $4,200 to Truman Company, with credit terms of 1/10, n/30. The co
zheka24 [161]

Answer: Refer to Explanation.

Explanation:

There must be an error in the Multiple Choice options because the answer does not appear there.

Nevertheless here is the working.

The Journal entry that Smart makes on February 8 is as follows:

First, we will notice the presence of the credit term, 1/10, n/30. This means 1% discount if paid within 10days, otherwise, the total amount is due within 30 days.

Truman paid within the discount period and thus got the discount of 1%.

Calculating the adjusted figure to the discount would therefore be,

= 4,200 * ( 1 - 0.01)

= $4,158

The discount would be,

= $4,200 - $4,158

= $42

The Journal Entry will therefore look like,

Cash 4,158

Sales discounts 42

Accounts receivable 4,200

If you need any clarification do react or comment.

8 0
3 years ago
A company increases the price of its clock radios by 10 percent and the company's total receipts fall significantly. What term b
Galina-37 [17]

Answer:

Price elasticity of demand Relation

Explanation:

The reason is that the price and demand are inversely proportional to each other. If the price of the product increases the demand of the product will decrease and vice versa. So this means that if the organization wants to generate maximum profit then it will have to set a price that generate maximum demand which means which generates maximum profit. The Bugatti is very expensive and the result is that very fewer people own it in the world but the Mercedes with an above average price has customers in millions, Honda has more than million customers because it is priced average. So the thing is that the pricing matters in deciding how much of the total customers you want.

3 0
3 years ago
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