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vitfil [10]
3 years ago
8

You might have heard your grandmother say, "when i was your age, candy bars cost a nickel." like candy bars, the price of fast f

ood has increased over time. in 1958, the year pizza hut introduced its large cheese pizza, the price was $1.50. in 2015, a large cheese pizza cost $10.49.
Business
1 answer:
aksik [14]3 years ago
5 0
This is due to Inflation.

As time passes, prices of commodities, labor, and services tends to increase.

In order for a healthy economy to grow, country's try to limit inflation and keep it at a minimal.

However, deflation, which is the exact opposite is avoided as it can hamper in the overall economic growth of the country.

The example of Pizza hut shows how, over such a long period of time, the prices of services and commodities can increase so much.


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Which family deployability checklist will prompt you to make sure the arrangements for preparation of your family's tax return?
Svetach [21]

 The family’s finance deployability checklist will prompt you to make sure the arrangements for the preparation of your family's tax return. It is under financial list on the family’s checklist. Family deployability checklist includes transport, health, and administrative.

6 0
3 years ago
The direct labor rate for Brent Corporation is $9.00 per hour, and manufacturing overhead is applied to products using a predete
gayaneshka [121]

Answer:

The actual overhead cost for manufacturing is $21700

Explanation:

Given data:

Pre determine overhead cost = $6

Number of hour of direct labor = 3200 hr

Under applied overhead = $2500

actual manufacturingg overhead cost can be determined as

actual\ overhead\ cost = [pre-determned\ overhead\ cost \times direct\ labor\ hours] + applied\ overhead

putting all value to get the required value of actual overhead cost

actual overhead cost = [$6 \times 3200 hr] + $2500

                                   = $19200 + $2500

                                    = $21700

The actual overhead cost for manufacturing is $21700

7 0
3 years ago
what key environmental changes do you think will increasingly force managers to be proficient at conducting environmental analys
Flauer [41]
When changes in the external environment starts affecting the internal function or progress towards the goal of the firm, it will increasingly force managers to be proficient
6 0
2 years ago
Which of the following best describes the "invisible hand" concept? Group of answer choices Ample regulation of business by the
Nostrana [21]

Answer:

Self-interest in a market system will automatically promote the public interest as well.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.

The "invisible hand" concept asserts that the self-interest by producers and suppliers of resources in a market system will automatically promote the public interest as well.

This ultimately implies that, public and private interest will always coincide assuming there exist competition in a free market system.

In conclusion, the invincible hand concept is a metaphorical description of the unforeseen forces that typically moves a free market system or economy.

4 0
3 years ago
Mercury Company sells tickets in advance for its weekly productions and records the proceeds as Unearned Revenue. At the end of
sattari [20]

Answer:I did the calculations and i believe i got it right.

Explanation:

Mercury sold 500 tickets at $40 a piece, okay, still with me, good. Yet, only 450 tickets were used during the month. What that mean is to minus 50 tickets. 50 multiplied by $40 is $2000. 500 multiplied by $40 equals to $20000. $20000 minus $2000 is equaled to $18000. They also had a Unearned Revenue account that had a credit balance of $5000. So, that means they should be in "debt." They should have $-15000. Add $2000, it is equaled to $-13000. So it should be $-13000. If wrong, i'm sorry.

8 0
3 years ago
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