<span>Crew Resource Management
With an acronym termed as CRM is an arrangement of preparing strategies for use in situations where human blunder can have wrecking impacts. Utilized essentially to improve air security, CRM concentrates on relational correspondence, authority, and basic leadership in the cockpit of an aircraft. This formally started with a National Transportation Safety Board (NTSB) proposal made amid their examination of the 1978 United Airlines Flight 173 crash.</span>
Answer:
e. - $2,330.
Explanation:
Working capital is calculated by subtracting total current liabilities of a company from its total current assets. This is the amount of capital which is used by the company in running day to day operations. Working capital is considered an important part in company's operating capital.
The net working capital is calculated by subtracting working capital at the end of year minus working capital at start of the year.
Working capital at start = Current Assets - Current Liabilities
Working capital at start : $16,200 - $13,280 = $2,920
Working capital at end = Current Assets - Current Liabilities
Working capital at end : $14,800 - $14,210 = $590
Net working capital = Working capital at year end - Working capital at start of year.
Net working capital = $590 - $2,920
Net working capital = - $2,330.
Answer:
loss on fire and storms 710,000
insurance expense zero as the firm didn't acquire any
Explanation:
Notice it state <u><em>"if the company were to obtain insurance"</em></u> Which means it currently has none insurance.
If the firm had an insurance the amount of losses would be deducted from the insurance policy but there is none so we disclosure the entire loss as a result of the period.
Hence, we should recognize the entire loss on fire and storm damage of 710,000 during the year and no insurance expense.
The answer is marginal revenue (MR) curve above $22.
Explanation:
Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.
Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.
Economic profit = account profit = Opportunity profit
Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.
