Answer:
Circular flow diagram
Explanation:
Property, manpower, capital in exchange rates, centered on the spherical flow diagram. Event 1 happens in the commodity market since mojito cocktail is purchased by Susan, mojito cocktail is a successful, not a development factor in the market for products and services.
Answer:
$56,000
Explanation:
The computation of the cost of goods manufactured is shown below:
As we know that
Cost of goods sold = Opening finished goods inventory + cost of goods manufactured - ending finished goods inventory
$50,000 = $15,000 + cost of goods manufactured - $21,000
So, the cost of goods manufactured is
= $50000 + $6,000
= $56,000
Answer:
B, The agent should ask the customer to sign a statement acknowledging that he is aware of the change.
Explanation:
Just like in any contract, when there is a change in the details of the contract, it is mandatory that both parties are notified and that there is a document and signature confirming the acknowledgement of the changes.
So also in the case of this policy, the agent has to notify the customer of changes made to his policy and ensure the customer signs an acknowledgement of the change to avoid a breach of contract. When a customer is ignorant of a change to his policy, he can file a lawsuit against his agent and insurer depending on who is at fault.
Cheers.
Answer:
Economic profit will be $40
So option (d) will be correct option
Explanation:
We have given number of units produced = 20 units
Price of per unit = $10 per unit
So revenue = 20×$10 = $200
Revenue :20 units * $10 = 200
Fixed cost is given $100
Variable cost: 20 units ×$3 = 60
So total cost= Fixed cost + Variable cost = 100 + 60 =$160
So economic profit = Revenue - Total cost = 200 - 160 = $40
So option (d) will be correct answer