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Vanyuwa [196]
3 years ago
15

Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous c

hefs and his mom. Every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. Mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. Which of Adam Smith’s ideas made Mark think of starting a restaurant? invisible hand
self-interest
competition
laissez-faire
Business
2 answers:
leva [86]3 years ago
4 0
Self-interest of course! Though you gave us no clue as to who is Adam... You can tell it's mostly self-interest due to the fact that he hasn't taken any class or anything on it. Looks to me that he genuinely just loves cooking!
QveST [7]3 years ago
3 0

Answer:

<u>Self-interest.</u>

Explanation:

Self-interest can be described as the set of actions that will help an individual achieve certain benefits.

For Adam Smith, when people act in their own personal interests, the greatest economic benefit is achieved, that is, self-interest and competition are the two major motivating forces capable of shaping economic activity, for individuals and companies possess the increased resources available such as labor and capital to achieve benefits from market activities to satisfy self-interest and thus boost supply and demand for goods and services.

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Hommie Delicacies produces two products (Orapine and Banango) from a joint process. The joint cost of production is GH¢80,000. F
SVEN [57.7K]

Answer:

Explanation:

Joint cost = 80,000

Orapine

cost of 5000 at 20 = 100,000

Incremental Cost of further processing =20,000

Incremental revenue = 5000* (25-20)= 25,000

Incremental income                                   5,000

Banango

cost of 10000 at 15 = 150,000

Incremental cost of further processing =  20,000

Incremental revenue = 10,000*(16-15) = 10,000

Incremental income = (10,000) loss

If  Orapine is processed further , there will be an incremental income of 5,000 compared to Banango that will bring an incremental loss of 10,00 if processed further.

Based on this , it is advised that Orapine be processed further while Banango is not

3 0
3 years ago
To qualify for the quantity discount, which of the following may not be joined together under the definition of any person?
Sedaia [141]

Answer:

C. Father and his 35-year-old son investing in separate account.

Explanation:

Quantity discount when offered relates to one particular account, and not multiple accounts at a time.

In a transaction joint accounts are called as single person where there is only one main account in consideration and no secondary account exists for the same.

As in the given options,

Option A of husband and wife investing in a joint account means a single account is made of which both the husband and wife are controllers.

Option B is of UTMA account which is made for the benefit of the minor child, although involves two people that is parent and child, but is run individually by the parent and is a single account.

Further Option C provides for separate investment accounts , which means two different accounts and therefore are completely different one of father and another of son, thus do not qualify of quantity discount jointly, either of the one account can claim the quantity discount as a person.

4 0
3 years ago
Kenneth Company uses activity-based costing. It budgets $1,650,000 of overhead cost to sustainably dispose of 6,600 tons of haza
Shkiper50 [21]

The cost of hazardous waste disposal as part of Job 125 using activity-based costs is $2,500.

<em>$1,650,000 / 6,600 tons = $250/tonHazardous waste disposal = 10 tons × $250 per ton = $2,500</em>

<em />

<em />

A company is a prison entity shaped by means of a group of individuals to engage in and function as a commercial enterprise—business or business—organization.

A company may be organized in various ways for tax and monetary legal responsibility functions depending on the company law of its jurisdiction.

There are 3 not unusual varieties of companies—sole proprietorship, partnership, and business enterprise—and each comes with its very own set of blessings and downsides.

Learn more about the company here:-brainly.com/question/24448358

#SPJ4

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5 0
1 year ago
Hi I need 3 sentences abo8ut why you should buy the tesla stock
zhannawk [14.2K]

Answer:

1. The world is shifting to electric vehicles

2. The business is over the profitability hump

3. Optionality could lead to massive new sources of revenue

Explanation

THE EXPLANATION FOR NUMBER 1: In the first half of 2021, global electric vehicle (EV) sales were 2.6 million units. It doesn't sound like a lot. But unit growth was up 160% over the same period last year. That's more than six times faster than the overall auto market.

THE EXPLANATION FOR NUMBER  2:In 2017, famed investor Jim Chanos said about Tesla: "We think the equity is worthless." As silly as the projection looks in hindsight, Tesla CEO Elon Musk has since admitted that the company was about a month away from bankruptcy at the time. Those days are long gone. The company is now solidly profitable with industry-leading gross margins.

EXPLANATION FOR NUMBER 3:

While the company should be praised for the turnaround, many shareholders have their eyes fixed on new markets the company could disrupt. Led by sanguine analysis from Cathie Wood's ARK Invest, and the stock's inclusion in several of ARK's high-profile exchange-traded funds, Tesla now sports a market capitalization of $777 billion.

hope this helps sorry this is alot

4 0
2 years ago
Read 2 more answers
The following information was drawn from the annual reports of two companies.
Semenov [28]

Answer:

The answer is D.

Explanation:

Gross profit or margin is the profit a business generate after deducting cost of sales from its sales or revenue.

Gross profit or margin percentage is expressed as gross profit/sales(revenue) x 100

In the question, gross profit for company A is $400 and sales is $1000

Therefore, gross profit percentage is 400/1000 x 100

=40%

5 0
3 years ago
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