Which of the following best defines the General Electric fastworks approach

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Arte-miy333 [17]

The correct answer is

8 0

3 years ago

(01.02 MC)

mart [117]

Answer:Ob

---ways people obtain their wants with limited resources

Explanation:

Economics as defined by Lionel Robbins is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses.

The economy generally is filled with people having unlimited wants but the resources( land, labour, capital and enterpreneur) to satisfying these wants are Limited and scarce . Economics studies how the society (government and businesses)use these scarce resources to satisfy or meet its unlimited wants by providing variety of goods and services from the scarce resources so that people can have choices to choose from in satisfying their limitless wants in order of preferences.

8 0

3 years ago

A charity organization had a fundraiser where they sold each ticket for a fixed price. After selling 200 tickets, they had a net

Arlecino [84]

Answer: y = 66x - 1200

Explanation: The charity organisation has to sell a number of tickets to cover their production costs of $1,200. It is given that after selling 200 tickets they retain a net profit of $12,000. Net profit is deduced as: Total sales - total costs. Sales is calculated as total tickets x selling price per ticket.

If we let b represent the sales earned from selling tickets, then:

Net profit = total sales - total costs

12,000 = 200b - 1,200

We can then solve for b by taking the 1200 to the other side of the equal sign. When we do that the sign of that number changes. This is also the same as adding 1200 to both sides of the equal sign:

∴12000 + 1200 = 200b

13200 = 200b

To get the price of one single ticket, b, we need to divide both sides by 200.

∴ b = 66

This means that each ticket's selling price is $66.

So when when we take it back to the calculation of net profit then it becomes:

Net profit = total sales - total costs

y = 66x - 1200

To test:

y = 66x - 1200

= 66 (200 tickets) - 1200

= $12,000

4 0

3 years ago

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The catering manager of lavista hotel, lisa ferguson, is disturbed by the amount of silverware she is losing every week. last

Finger [1]

Answer:

A.16,971 pieces

B.$530.34

C.$530.32

Explanation:

a)

EOQ = √2∗A∗B÷C

EOQ = Economic Order Quantity

A = Annual Demand

B = Buying Cost

C = Carrying Cost per unit per year

Hence:

A = 45,000 pieces

B = $200 per order

C = $1.25 * 5% per unit per year

= $0.0625

EOQ = √2∗45,000∗$200 ÷ $0.0625

= 16,970.56 approximately 16,971 pieces

b)

Annual Holding Cost = Average Inventory * Holding Cost per unit per year

Average Inventory = EOQ÷2

Using the formula

Annual Holding Cost = 16,971 ÷2 ∗$0.0625

Annual Holding Cost =8,485.5×$0.0625

Annual Holding Cost = $530.34

c)

Annual Ordering Cost = Ordering Cost Per order * No. of Orders

No. of Orders = Annual Demand÷EOQ

Annual Ordering Cost = $200∗45,000÷ 16,971

Annual Ordering Cost =$9,000,000÷16,971

Annual Ordering Cost = $530.32

4 0

3 years ago

Mayan company had net income of $33,250. the weighted-average common shares outstanding were 9,500. the company sold 4,500 share

mylen [45]

The company’s earnings per share would still be based on the common shares outstanding of 9,500. This is because the 4,500 selling transaction is not yet accounted for that last accounting period. Therefore,

Earnings per share = $33,250 / 9,500 shares

Earnings per share = $3.5 per share

5 0

3 years ago

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