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Goshia [24]
4 years ago
9

In constructing there theories, economists use the term "ceteris paribus" which means:______.

Business
1 answer:
kozerog [31]4 years ago
3 0

Answer:

d. other things being equal

Explanation:

"Ceteris Paribus" refers to a latin phrase which means other things remaining equal.

The term is used to convey the constancy of other variables while establishing a relation between factors.

For instance, in the law of demand, ceteris paribus is used to convey factors other than price being constant.

The term is often used to convey cause- effect relationship between parameters.

In economic context, the term conveys the effect one variable casts over another.

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Timothy, LLC, originally budgeted $10,000 of costs to produce 100 toy cars. $5,000 of these costs consisted of direct labor, $1,
dolphi86 [110]

Answer:

$1,600

Explanation:

Budgeted raw material cost per toy car:

= Total budgeted raw material cost ÷ Budgeted production(in units)

= $1,000 ÷ 100 toy cars

= $10 per toy car

Flexible budget of raw material:

= Actual number of toy cars sold × Budgeted raw material cost per toy car

= 160 × $10 per toy car

= $1,600

Therefore, the flexible budget amount of raw materials is $1,600.

3 0
4 years ago
Smith Company gives the following information on the financial statements: Net Income $50,000 Preferred Dividends 8,000 Average
ch4aika [34]

Answer: The rate of return on common stockholder’s equity is 23%.

Explanation:

Given that,

Net Income = $50,000

Preferred Dividends = 8,000

Average Common Stockholder’s Equity = 180,000

Average number of Common Shares Outstanding = 250,000 shares

Market Price = $2 per share

Therefore,

Return on equity = \frac{Net\ income - Preferred\ Dividends}{stockholder\ equity}

=  \frac{50000 - 8000}{180000}

= 23%

5 0
3 years ago
A certain smelting plant operates 24 hours per day, with three shifts of 200 workers per shift. Due to a flu epidemic, 1/4 of th
laiz [17]

Answer:

35

Explanation:

12/1-34÷1 I just need points

6 0
3 years ago
In the context of project management, a task duration is always the same as the amount of work (effort) it takes to finish the t
Mashutka [201]

Answer:

False

Explanation:

The statement that says that in the context of project management, a task duration is always the same as the amount of work (effort) it takes to finish the task is false because the effort is the time a person needs to finish a task while the duration is the period of time that a person has to finish it. For example, an employee has a task that takes forty hours of work to finish it but he has a month to do it. In this case, the effort is forty hours but the task duration is one month.

4 0
3 years ago
Taylor organizes and manages all his files and folders logically. How does this activity help Taylor in his daily work environme
Morgarella [4.7K]

Answer: improves efficiency for Taylor at work

Explanation:

Taylor's ability to manage all his files and folders logically helps him to be efficient in his work place. He is able to track every event, plan his day and knows what to do when either things are going well or not, and how to follow every detail of his business.

8 0
3 years ago
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