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Leokris [45]
4 years ago
11

An economy consists of three workers, Larry, Moe, and Curly. Each works ten hours a day and can produce two services: mowing law

ns and washing cars. In an hour, Larry can either mow one lawn or wash one car; Moe can either mow one lawn or wash two cars; and Curly can either mow two lawns or wash one car.Scenario 1: All three spend all their time mowing lawns. Then lawns will be mowed and cars will be washed.Scenario 2: All three spend all their time washing cars. Then lawns will be mowed and cars will be washedScenario 3: All three spend half their time on each activity. Then lawns will be mowed and cars will be washed.Scenario 4: Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed.Exactly one of the scenarios above is inefficient. That is Scenario:_________
Business
1 answer:
pantera1 [17]4 years ago
7 0

Answer:

Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed

Explanation:

In a hour :

Larry can ; wash 1 car or mow 1 lawn

Moe can ; mow 1 lawn or wash 2 cars

Curly can ; mow 2 lawns or wash 1 car

The inefficient scenario is  Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed. this is because Larry can either wash 1 car or mow 1 lawn every hour and if Moe only washes cars and Curly only mows Lawns there will still be Cars and Lawns left to be washed and Mowed since Larry does not work at full capacity like Moe and Curly who could wash 2 cars or mow 2 lawns every hour

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TINSTAAFL stands for "There is no such thing as a free lunch".
arsen [322]

Answer:

True

Explanation:

TANSTAAFL is an abbreviation for the phrase -- "There ain't no such thing as a free lunch."

The expression means that every decision has its cost. The message it conveys is that even the things presented as free,  have a cost. In other words, there is nothing that is absolutely for free in life.

The expression is essential in decision making, whether financial or lifestyle. The concept urges customers to consider the "silent" costs before making a decision.

3 0
3 years ago
Read 2 more answers
The BE in units for CompuTech in 2021?
zloy xaker [14]

Question Completion:

Assuming the following: (i) the sales price for each CompuTech product sold is $50; (ii) each product sold costs $25 in Raw Material components; and the business Fixed Cost is $45,000.

Q1: What is the BE in units for CompuTech in 2021?

Q2: What impact would occur to the BE if the variable cost of materials rose by 10% during the year?

Answer:

CompuTech

Answer 1: The BE (Break-even Point) in units for CompuTech in 2021 is:

1,800 units.

Answer 2: If the variable cost of materials rose by 10%, the BE will increase to:

2,000 units.

Explanation:

a) Data and Calculations:

Selling price per unit = $50

Direct material cost per unit =  $25

Contribution per unit = $25

Fixed Cost = $45,000

Break-even point = Fixed Cost/Contribution per unit

= $45,000/$25

= 1,800 units

b) BE if the variable cost of materials rose by 10% during the year:

Selling price per unit = $50

Direct material cost per unit =$27.50 ($25 * 1.1)

Contribution per unit = $22.50

Fixed Cost = $45,000

Break-even point = Fixed Cost/Contribution per unit

= $45,000/$22.50

= 2,000 units

c) The break-even point in units represents the quantity at which the costs of production equal the revenues for the goods.  It is the point where no profit is made, but all the costs, including fixed costs, are covered by the revenues.

8 0
3 years ago
The city of Springvale imposes a net income tax on businesses operating within its jurisdiction. The tax equals 1% of income up
sveta [45]

Answer:

$11,230

Explanation:

The city of Springvale imposed a net income tax on all businesses

Each business will make a payment of 1% for any amount up to $100,000 and 1.5% for any amount above $100,000

The net income generated by Springvale Bar and Grill is

= $782,000- $100,000

= $682,000

Therefore, it's city income tax is calculated as follows

(1/100+100,000) + ( 1.5/100+682,000)

( 0.01+100,000) + ( 0.015+682,000)

= 1000 + 10,230

= $11,230

Hence, Springvale Bar and Grill will pay a net income tax of $11,230

4 0
3 years ago
On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 1,000,000 shares of no-par common stock (with a stated
Diano4ka-milaya [45]

Answer:

B. The invested amount is $1,410,000

Explanation:

A. The journal entry is shown below:

For February 12:

Cash A/c Dr (1,000,000 shares × $1.20) = $1,200,000

   To Common stock  (1,000,000 shares × $0.25) = $250,000

    To Paid in capital in excess of par                         $950,000

(Being common stock is issued for cash)

For August 3:

Cash A/c Dr (10,000 shares × $21) = $210,000

   To Preference stock  (10,000 shares × $15) = $150,000

    To Paid in capital in excess of par                   $60,000

(Being preference stock is issued for cash)

B. The computation of the total amount invested is shown below:

Common stock = $250,000

Add: Preferred stock = $150,000

Add: Additional paid up capital of common stock = $950,000

Add: Additional paid up capital of Preference stock =  $60,000

So, the invested amount is $1,410,000

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tia_tia [17]

The statement III Aggregate plans often perform planning for fictitious/abstract products.

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Aggregate planning is typically finished 365 days into the destiny. a few examples of combination making plans are hiring short people, shedding employees for a selected period, or bypassing education. This works as a powerful benchmark for diploma beneficial resource utilization and implementation.

The time period mixture means that the making of plans is completed for a single traditional measure of output or, on the maximum, a few aggregated product lessons. The purpose of aggregate planning is to set traditional output ranges within the near medium destiny in the face of fluctuating or unsure needs.

Learn more about the aggregate plan here brainly.com/question/18803972

#SPJ4

8 0
2 years ago
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