Answer:
Net operating working capital = $ 60.
Explanation:
As we know that Net operating working capital = (cash+account receivable+Inventory) - (Account payable + Accrued expenses)
= (10+50+40) - (20+20)
= $ 60
The difference between the terms supply and quantity supplied is supply includes all the possible market prices and the amount of quantity while quantity supplied deals with one specific market price and amount of quantity.
Answer:
Experience
Explanation:
There are several characteristics of services which includes:
1. Intangibility:
2. Inseparability:
3. Perishability:
4. Heterogeneity:
5. Lack of ownership:
1. Intangibility: Services can be experienced but can not be seen, felt, heard, smelt or tasted.
2. Inseparability: Services such as haircut are usually inseparable from the receiver(consumer) while some services can be produced and delivered if the presence of the customer is optional such as plumbing, dry cleaning.
3. Perishability: Unlike goods, services cannot be stored for later use.
4. Lack of ownership: Consumers don't have ownership but can only pay to have access to the facility for a period of time. Such as payment to use a gymnastic center.
5. Heterogeneity: Quality of services differ from customers to customers and from time to time. No two amount of services will yield same level of satisfaction.
For Q1, you have to set these equations equal to each other because it is asking how much of x is necessary to make the same amount of y, so:
3995 + 225.50x = 6500 + 100.25x
solve for x:, and get x=20
so 20 tons of sugar will give the companies the same cost.
For Q2: you need to plug in x=20 into either one of the original equations, and solve for y because this will give you the cost of transportation, so:
y= 3995 + 225.50(20)
y=$8,505 for the total cost
