This is an example of a(n) Organisational tangible resource
Explanation:
Tangible resources include currency, inventory, equipment, land or buildings. Tangible resources The products can be liquidated quickly and have a given worth. They are important for accounting, and as they reach balance sheets and income statements, they make a business know their financial status.
Each organisation needs capital and assets to run.
A few of these commodities, including ability and entrepreneurship, are intangible, while the other commodities are measurable. Tangible means capital which can be observed, influenced or sensed.
Answer:
C) abandon the production of jam to fully specialize in the production of peanut butter and then trade with Company Q for jam.
Explanation:
According to different theories about trade specialization, a company or even a country should specialize in producing only those products that they can make better than their competition, i.e. have a comparative or absolute advantage in their production.
In this case, since Company R has a comparative advantage in the production of peanut butter, it should specialize in producing only that. In case they need jam, they should trade with Company Q in order to get some jam. Eventually Company Q will only produce jam since they have a comparative advantage in jam production.
Answer:
$26,125
Explanation:
[($25,000 x 0.005) x 9 + $25,000]
=$26,125
Zach owe $26,125 as of December 31, 2019 because he did not fail to file - he failed to pay. Hence he owes the 0.5% per month or part of a month failure to pay penalty plus the already outstanding tax amount of $25,000 that he owed.
Pick a product that is currently being sold, and analyze its economic utility,
Answer:
Highly inelastic
Explanation:
Price elasticity of demand is a measure of the demand of a given service or commodity by utilizing it's price change. It can be calculated using the formula;
Price elasticity of demand=%change in quantity demanded/%change in price
%change in quantity demanded=((Final demand-Initial demand)/Initial demand)×100
((299-300)/300)×100=-0.33%
%change in price=12%
12%>0.33%
The change in price is larger than the change in demand, therefor the product is highly inelastic
