I think the best balance to be used would be a top-loading balance. Although, a platform triple beam balance and a single pan triple beam balance are accurate balances however they could not read up to the third decimal place which can be done in some of the top-loading balances.
Answer:
500,000÷ 200,000 = 2.5
Explanation:
inventory turnover is calculated as
cost of goods sold ÷ Average inventory
From the information of Baxter department store's financial statement, cost of goods sold can be calculated as
Opening inventory + purchases - closing inventory
100,000 + 700,000 - 300,000 = 500,000
cost of goods sold = 500,000
Average stock is calculated as opening inventory + closing inventory ÷ 2
100,000 + 300,000 ÷ 2 = 200,000
Average inventory = 200,000
Therefore inventory turnover = 500,000÷ 200,000 = 2.5
From the first condition, Nancy already has $1,300. From the second condition, Nancy will also receive 10% of her capital balance which is 10% of $100,000 or $10,000. In total, Nancy has a share of $11,300. So, Betty's share is the remaining amount from the $40,000 net income which is
$28,700
Answer:
d. The decision maker must only stick to completely rational, mathematical analysis while selecting an alternative.
Explanation:
It is most ideal for a decision maker to stick to completely rational way of selecting an alternative as this means that the decision maker will only make choices that will be of maximum benefits and low costs. Factors such as personal feelings, or sense of obligation do not interefere when a decision maker sticks to completely rational and mathematical analysis method of decision making.
Answer:
(a) Command
Explanation:
A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.
This ultimately implies that, in a command economy, the government owns the means of production.
Societies that operate a command economy generally practices communism.
Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.
It ultimately aims to ensure each person contributes and receives according to their abilities and needs.
Vietnam, China and Cuba are examples of communist countries that operate a command economy.
In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.
