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Andre45 [30]
2 years ago
12

The three-legged Ork, a space creature from the universe Warhammer, wears 1 right shoe and 2 left shoes. Which set of market bun

dles provides an Ork with the highest level of utility? 10 right shoes and 16 left shoes 12 right shoes and 12 left shoes 15 right shoes and 14 left shoes 6 right shoes and 12 left shoes
Business
1 answer:
denis23 [38]2 years ago
4 0

Answer:

6 right shoes and 12 left shoes

Explanation:

That Ork needs 2 left shoes for every right shoe, to match the feet configuration.

So, we have to look into the possible answers, which offers a 2 to 1 ratio for the left shoes.

<u>10 right shoes and 16 left shoes </u>

No. Left-shoes ratio is 1.6 not the 2 we need.

<u>12 right shoes and 12 left shoes </u>

No, the left-shoes ratio is 1, not the 2 we need.

<u>15 right shoes and 14 left shoes </u>

No, the left-shoes ratio is 14/15, less than 1, so not the 2 we need.

<u>6 right shoes and 12 left shoes</u>

YES!  The left-shoes ratio is 2, exactly what we need.

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A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years
Harlamova29_29 [7]

Answer:

3 1/3 years

Explanation:

Payback period is the time required for the inflows from a project to be equal to the initial outflow for the project. It is a key consideration in capital budgeting. It is usually assumed that the outlay or initial outflow is made in year 0 and the first inflow comes in after a year.

Year       Cash outflow      Cash inflow           Balance

0                ($50,000)                   -                ($50,000)

1                         -                   $15,000           ($35,000)

2                        -                    $15,000          ($20,000)

3                        -                    $15,000           ($5,000)

4                      -                      $15,000           $10,000

5                       -                    $15,000            $25,000

Hence the payback period

= 3 years and 5000/15000 * 12 months

= 3 years 4 months

= 3 1/3 years

3 0
3 years ago
The financial statement that summarizes the profit-generating activities of a company during a particular period of time is the_
BabaBlast [244]

Answer:

Income statement.

Explanation:

The financial statement that summarizes the profit-generating activities of a company during a particular period of time is the Income statement.

Income statement is one of the most important financial statement used to analyze the financial performance of the company. It show the revenue and expense of the company in the particular period of time. It help the management to understand the profitablity of the company during specified period of time. The other two important financial statement are Balance sheet and statement of cash flow.

4 0
2 years ago
Expenses ______ retained earnings; therefore, to increase any expense, one would ______ the expense account.
Liula [17]

Expenses decreases retained earnings; therefore, to increase any expense, one would debit the expense account

What does retained earnings mean?

Retained earnings are profits retained in the business  for reinvestment and for expansion purposes, in essence, expenses would reduce the retained earnings, the higher the expenses, the lesser the retained earnings become.

From a double entry point of view, an increase in expenses would be debited to expense account and a decrease is credited instead.

Find out more retained earnings on:brainly.com/question/15175380

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6 0
1 year ago
Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football
natita [175]

Answer:

Find the answers in the explanation section below

Explanation:

The return on equity for each of the partners and the firm in total is the net income for the year divided by average capital invested in the business in the year.

Average capital or equity is the beginning balance plus ending balance divided by 2:

Hockey LP:

Annual net income is $36,664

average equity=($345,000+$381,664)/2=$363,332

return on equity= $36,664/$363,332 =10.09%

Football LP:

Annual net income is $751,612

average equity=($1,414,500+ $2,046,112)/2=$1,730,306

return on equity=$751,612/$1,730,306 =43.44%

Rugged sports:

Annual net income is $788,276

average equity=($1,759,500+ $2,427,776)/2=$2093638

return on equity=$788276/$2093638 =37.65%

6 0
2 years ago
Which of the following statements is correct regarding fair value measurement?
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6 0
3 years ago
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