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Sveta_85 [38]
3 years ago
15

James is the warehouse supply manager for a major tool corporation. It is his job to take inventory of the tools the company has

available and send orders to make more tools when supplies run low. The supply and demand form of production is and example of a ____ economy.
Business
2 answers:
sladkih [1.3K]3 years ago
8 0

Answer: Market Economy.

Explanation:

An economy in which demand and supply determines the type of product and the quantity of product produced is a market economy. The market economy has very little control from the government and is a highly competitive form of market where all businesses aim at getting more customers.

Taya2010 [7]3 years ago
6 0

Answer:

Market

Explanation:

The supply and demand of the goods and supply of the goods is an example of the "market economy" where people are free to buy and sell things as they want.

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Coronado Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to tota
Anni [7]

Answer:

Estimated manufacturing overhead rate= $2.32 per machine hour.

Explanation:

Giving the following information:

Overhead costs are estimated to total $292,552 for the year, and machine usage is estimated at 126,100 hours.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 292,552/126,100= $2.32 per machine hour.

5 0
4 years ago
Consider a firm with a contract to sell an asset for $151,000 four years from now. The asset costs $96,000 to produce today. a.
abruzzese [7]

Answer:

a) loss of 3,388.87

b) it will break even at 11.99%

Explanation:

we will discount the 151,000 at 13% to know the current sales revenue at the sale

\frac{Maturity}{(1 + rate)^{time} } = PV

Maturity 151,000

time  4 years

rate  0.13

\frac{151000}{(1 + 0.13)^{4} } = PV

PV   92,611.13

the present value is 92,611.13 while the cost is 96,000

there is a loss of 3.388,87‬

To know at which rate the firm break even:

PV = 96,000

\frac{151000}{(1 + r)^{-4} } = 96,000

\sqrt[-4]{96,000/151,000} - 1 = r

r =  0.11989  

6 0
4 years ago
Your forecast shows $500,000 annually in sales for each of the next 3 years. If your second and third year predictions have fail
yanalaym [24]

Answer:

$45,450

Explanation:

your first year sales should be $500,000

your second year sales should be $500,000 x 1.03 = $515,000

your third year sales should be $515,000 x 1.03 = $530,450

total sales = $1,545,450

since you previously budgeted $1,500,000 in sales for the 3 years, you were off by $45,450

6 0
3 years ago
Generally, a board member who is a source of information about a firm's day-to-day activities is classified as a(n) __________ d
kvasek [131]

Generally, a board member who is a source of information about a firm's day-to-day activities is classified as a(n)<u> inside </u>director.

A director is a person on the company's board of directors who acts as the governing body of the organization. The board of directors, often elected by the company's shareholders, creates policy for the company as a whole and oversees leadership positions in the organization. They guide, advise and run the organization.

Board members are part of the governing body of the organization. Committed to the long-term interests of the organization, they meet regularly to oversee and direct operations, set policy, approve business decisions, evaluate operating performance, and carry out fiduciary responsibilities.

The board membership application process includes several steps. In most corporate boards, a nominating committee interviews candidates and decides who should join the board. Board members then vote on whether to elect the candidate selected by the nominating committee.

Disclaimer: Learn more about board members here  brainly.com/question/28140899

#SPJ4

4 0
1 year ago
Based on this model, households earn income when firms __________ purchase goods and services ___________in markets for factors
allochka39001 [22]

Answer and Explanation:

Market for Factors of Production:

Antonio earns $275 per week working for Spotless Car Wash.

Market for Goods and Services:

Caroline spends $10 to get her car washed.

Antonio spends $150 to purchase a necklace from Classy's Jewelry Store.

Which of the elements of this scenario represent a flow from a household to a firm?

The $150 Antonio spends to purchase a necklace from Classy's Jewelry Store

The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy - false

The circular flow of income represents the flow of economic exchanges between economic agents in the economy. If a household provides the labor factor of production, it is paid and uses the same money to purchase from the same firms that produce goods and services. This is a cycle and actually doesn't get more complex than this in real life, only involves alot more firms or economic agents.

7 0
3 years ago
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