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Furkat [3]
3 years ago
5

Jose runs a gallery which specializes in neon art with an emphasis on vacation icons like flamingos, dolphins, and palm trees. s

ince demand was high and supplies were low, he decided to buy an old warehouse and then hire craftspeople to work there in order to produce the art. he would provide them with all of the supplies they needed, and he would be their only customer. jose engaged in:
Business
1 answer:
Serhud [2]3 years ago
6 0
10 jsjskkkkskskskkssks shasksknks jsjskjsks jsjsk
You might be interested in
Explain migration of population in economics.<br> pls its urgent
daser333 [38]

Answer:

Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.

Explanation:

Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.

Migration selectivity can be defined as the likelihood or tendency that a subset (part) of a group of people are going to move (migrate) out of a particular geographical location or area.

Some of the factors that influence migration selectivity are income level, age, education, gender etc.

One way migration affects various locations across the world such as Texas, Brazil, Paris, Rome, Stuttgart, Kyiv, etc., includes the establishment of different restaurants. For example, the establishment of KFC, McDonalds, Mr Biggs were influenced by the migration of people across European cities and as such served as tourist attraction centers, thus, positively affecting the character of these places.

6 0
3 years ago
isabella takes $100 of currency from her wallet and deposits it into her checking account. if the bank adds the entire $100 to r
Tresset [83]
Isabella takes $100 of currency from her wallet and deposits it into her checking account. If the banks add the entire $100 to reserves, the money supply increases, but if the bank lends out some of the $100, the money supply decreases.
3 0
2 years ago
A business buys motors that it uses to make blenders and mixers. The motors are an example of?
Levart [38]

Answer:

components

Explanation:

Components are goods used as materials in manufacturing other products. They are finished products in the real sense but are used as parts in making other products. Components are usually by an original equipment manufacturer and sold to other manufacturing companies or consumers as spare parts.

Motors are complete goods manufactured by an original equipment manufacturer. The manufacturer sells the motors as components to be used in the production of blenders.  The motors are, therefore, material used in the making of blenders.

8 0
3 years ago
You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 5 years (60 months), and th
Vikentia [17]

Answer:

Monthly payment: 460.41 dollars

Effective rate:  4.07%

Explanation:

we will calculate the PTM of an annuity of 25,000 over 5 year at 4%

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $25,000.00

time 60

rate 0.003333333

25000 \div \frac{1-(1+0.003333)^{-60} }{0.003333} = C\\

C  $ 460.413

Now we need to know the effective rate, which is the same as 4% compounding monthly:

(1+0.04/12)^{60} = (1+ r_e)^{5}\\r_e = \sqrt[5]{(1+0.04/12)^{60}} - 1

effective  rate = 0.040741543 = 4.07%

8 0
3 years ago
9) A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stoo
Ksivusya [100]

Answer:

Ans.

a) BEP (units) =727; BEP($)= $36,350

b) BEP (units) =690; BEP($)=$34,500

Explanation:

Hi, in order to find the break even point in units, we have to use the following equation in both cases.

BEP(Units)=\frac{Fixed Costs}{(AveragePrice-Average VariableCost)}

Since the sales mix is different in both scenarios, let´s find the average variable cost for a) (notice that there is no need to find the average price because both, the stool and the chair have the same price)

AverageVariableCost=25*\frac{1}{2} +20*\frac{1}{2} =22.5

Now, the fraction aside each of the price is 1/2 in both cases, because the sale mix 1:1 means that the company makes 1 stool for every chair it makes, in fraction that is, for every 2 items that the company makes, 1 is a stool (1/2) and 1 is a chair (1/2).

So, our BEP in units is:

BEP(Units)=\frac{20,000}{(50-22.5)} =727

BEP(Dollars)=727*50=36,350

That means that the company has to make 727 units, which 363 are chairs and 364 are stools (you could say 364 chairs and 363 stools too, because we are heavily rouding numbers). This is represented in $36,350 in sales.

Now, for b), our average cost is:

AverageVariableCost=25*\frac{1}{5} +20*\frac{4}{5} =21

As you can see, the fraction changed, that is because of the new sales mix of 1:4, that is: the company makes 4 stool for every chair it makes, in fraction that is, for every 5 items that the company makes, 4 are a stools (4/5) and 1 is a chair (1/5).

Now, let´s find our new BEP in units and dollars.

BEP(Units)=\frac{20,000}{(50-21)} =690

BEP(Dollars)=690*50=34,500

That means that the company has to make 690 products, which 138 are chairs and 552 are stools. This is represented in $34,500 in sales.

Best of luck.

5 0
3 years ago
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