A is your answer hope this helps
Answer:
Generally, Medicare is available for people age 65 or older, younger people with disabilities and people with End Stage Renal Disease (permanent kidney failure requiring dialysis or transplant). You or your spouse had Medicare-covered government employment.
Answer:
NOT-unless the court believes that justice would be served.
Explanation:
Personal jurisdiction in legal setting can be regarded as the power conferred on a court to make decision on the case of the party that's been sued, for the court to exercise this power , there is a requirement that the party must have contact in minimum way together with forum in the court.
Answer:
a)
1. Explicit cost
2. Implicit Cost
3. Implicit Cost
4. Explicit cost
b)
Accounting Profit is $62000.
Economic Profit is -$3000. (a loss of $3000)
Explanation:
a)
Explicit costs are those costs incurred by a business that require an outlay of money as a result of operating a business.
Implicit costs, on the other hand, are the costs that do not require an outlay of money as a result of operating a business. They are instead the opportunity costs of operating a business or the benefits that are foregone.
1. The wages and utility bills are a result of operating a business and requires and outlay of money as their payment. They are <u>explicit costs.</u>
2. The rental income could have been earned if Larry rented the showroom he is using to operate his business from. The rent foregone is an opportunity cost and is an <u>implicit cost.</u>
3. The salary Larry could have earned is also something that Brian has to forego to operate his business and is an <u>implicit cost.</u>
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4. The cost of purchases paid to manufacturer requires outlay of money and is an <u>explicit cost.</u>
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b)
Accounting profit = Total Revenue - Total explicit cost
Economic profit = Total revenue - (Total Explicit Cost + Total Implicit Cost)
Accounting Profit = 793000 - 430000 - 301000 = $62000 profit
Economic profit = 793000 - (430000 + 301000 + 15000 + 50000) = -$3000 loss
Lean production demands
- high levels of quality at each stage of the process
- strong vendor relations
- fairly predictable demand for the end product
Lean production is a manufacturing technique aimed usually at decreasing instances in the manufacturing gadget as well as response times from suppliers and to customers. it's miles intently associated with another concept referred to as simply-in-time production.
Lean production is a manufacturing method focused on removing waste, in which waste is described as something that does not upload value for the consumer. despite the fact that Lean's history is manufacturing, it's miles applicable to all sorts of employer and all an organization's techniques.
Lean manufacturing improves efficiency, reduces waste, and will increase productivity. The benefits, therefore, are manifold: increased product best: stepped forward efficiency frees up personnel and assets for innovation and quality control that would have previously been wasted.
Learn more about Lean production here : brainly.com/question/14298317
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