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Monica [59]
3 years ago
9

Angorasia, an Asian country, supports a free market system. The flexible economy of the country makes it fairly easy for new sel

lers to enter the market, which in turn gives buyers a variety of choices in terms of products and services. Given this information, it can be said that Angorasia supports _____.
a. protectionism

b. integralism

c. consumerism

d. neorealism
Business
1 answer:
skelet666 [1.2K]3 years ago
5 0

Answer:

The correct answer is letter "C": consumerism.

Explanation:

Consumerism is the approach stating that only individuals' demand for goods and services should drive the economy. This idea departures from the belief that an increase in consumption leads to an increase in production, thus, the overall economic growth.

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The Warren Watch Company sells watches for $21, fixed costs are $180,000, and variable costs are $15 per watch.
enyata [817]

Answer:

  • 5,000 watches : $150,000  loss
  • 20,000 watches:  $60,000  (Loss)
  • Break-even point = 30,000  units
  • if the selling price rises to 32  = break even points descends to 10,588 units
  • If the selling price rises to $32 but variable costs rises to $26  , the break even point goes back to 30,000units.

Explanation:

Hi, to answer this question we have to apply the next formula:

Profit = Revenue -cost

Where the revenue is equal to the units sold (x) multiplied by the selling price,

R = 21 x  

And cost is equal to the sum of the fixed and variable costs.

C = 15x + 1800

So:

P = 21x-(15x +180,000)

P = x ( 21-15)- 180,000

  • For 5,000 watches:

P = 5000(21-15)-180,000

P = 5000(6) -180,000

P= 30,000-180,000

P=-$150,000  (loss , since is negative )

  • For 20,000 watches:

P = 20,000(6) -180,000

P = 120,000-180,000

P=-$60,000  (Loss)

  • To find the break even point:

R = C

21x = 15x + 180,000

21x-15x =180,000

6 x = 180,000

x = 180,000/6

x =30,000  units

  • if the selling price rises to 32

32x = 15x + 180,000

32x-15x = 180,000

17x =180,000

x = 180,000/17

x = 10,588 units

It descends,

  • If the selling price rises to $32 but variable costs rises to $26  

32x = 26x+180,000

32x-26x = 180,000

6x = 180,000

x = 180,000/6

x =30,000

The break-even point comes back to 30,000 units.

6 0
3 years ago
What is the Total Cost of a stock purchase if the stock price is $12, shares purchased 100, with a 2% Broker's Fee? (Stock Price
earnstyle [38]
It's a so I need 20 characters hhhhhhh
5 0
3 years ago
Read 2 more answers
If the beginning Cash account balance of Moonbeam, Inc. was $40,000, the ending balance was $67,200, and the total cash paid out
lara [203]

Answer:

Cash Received during the period = $155200

Explanation:

The amount of receipts or cash received during the period can be calculated using the following formula.

Cash Received = Closing Balance + Cash Disbursements - Opening Balance

Cash Received = 67200 + 128000 - 40000

Cash Received = $155200

So, the cash receipts during the period are $155200.

7 0
3 years ago
AnaCarolina and Jaco work at Duke Manufacturing, and they are tasked with determining appropriate performance metrics for the in
Crazy boy [7]

Answer:

b. operating throughput

Explanation:

Based on the information provided within the question it can be said that the best metric would be operating throughput. This is because the balance scorecard needs to keep track of the execution of activities done by the employees, therefore using the data of operating throughput would allow Duke to accurately measure how well the employees are performing based on how much product they have created.

5 0
3 years ago
While establishing an overall picture of process output over time, the team plots a chart based on the data available. The plott
kvv77 [185]

Answer: None of the answers

Explanation:

The options to the question are:

A) The control limits are too tight

(B) The control limits are acceptable

(C) The control limits are too loose

(D) None of the answers.

According to the seven run rule, a process is out of control in a control chart in a situation whereby there are seven consecutive data points that all fall on same side of mean. In such case an adjustment has to be made.

In the scenario in the question, none of the answers will be chosen because there has been a violation of the seven run rule as the answers provided are all incorrect.

5 0
3 years ago
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