Ask question

Ask question

All categories

3 years ago

6

In economics, what is it called when individuals focus on perfecting a limited range of tasks, so as to become experts in those

specific areas? A. limitation B. capitalization C. specialization D. underutilization

1 answer:

lisov135 [29]3 years ago

3 0

Answer:

C. Specialization

hope this helped i just took the test

You might be interested in

The following monthly data are available for Coronado Industries. which produces only one product: Selling price per unit, $38;

In-s [12.5K]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Selling price per unit= $38

Unit variable expenses= $14

Total fixed expenses= $42,000

Actual sales for June= 3000 units.

First, we need to calculate the break-even point in dollar using the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 42,000/ [(38 - 14)/38]

Break-even point (dollars)= $66,500

Now, we can calculate the margin of safety in dollars:

Margin of safety= (current sales level - break-even point)

Margin of safety= (3,000*38 - 66,500)

Margin of safety= (114,000 - 66,500)

Margin of safety= $47,500

5 0

3 years ago

Sherry invests money in stock. Her initial investment is $3,000, and after one month the stock’s value increases by 20%. After a

Ilya [14]

Answer:

Investment worth now = 3,726 dollars

Explanation:

This is simple question which can easily be understood with the help of following calculations.

Initial Investment = $ 3000 -A

Value increase by 20% = A*1.2 = 3600-B

Value dip by 10% = B*0.9 = 3240-C

Value increase by 15%= C*1.15 = 3726

In this way by applying rate to last determine value we can get current investment worth.

3 0

3 years ago

he income statement for Electronic Wonders reports net sales of $91,758 million and cost of goods sold of $69,278 million. An ex

Anna71 [15]

Answer:

Cash received from customers is $90,025 million

Cash paid to suppliers is $72,128 million

Explanation:

Cash received from customers is the net sales of $91,758 million minus the increase in accounts receivable since that is the portion of revenue yet to be received.

cash received from customers=$91,758 million-$1,733 million=$90,025 million

cash paid to suppliers is the cost of goods sold of $69,278 million plus the increase in inventory as well as the increase in accounts payable

cash paid to suppliers=$69,278 million+$883 million+$1,967 million=$72,128 million

4 0

3 years ago

The McColls have made an offer on a new home. The home is new construction and scheduled to be completed by the end of the year.

padilas [110]

Answer: Yes, Suzette deposited the earnest money in the broker's trust fund account as directed. She also deposited the check within three business days of receipt. Unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed

7 0

3 years ago

Which is the best measurement to use to determine who might have the absolute advantage?

Makovka662 [10]

Answer:

<u>low opportunity cost</u>

Explanation:

<u>Opportunity cost</u> is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.

<u>Low opportunity cost: </u>The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.

4 0

3 years ago