Why is it sometimes difficult for mananger to get others to do what they want them to do

Steven lives in a big city where there is a shortage of parking. He has a parking spot in his driveway where he parks his car. W

DENIUS [597]

Answer:

The correct answer is option C.

Explanation:

The opportunity cost of any economic decision is the cost of giving up its alternative. We are aware that we have limited resources with alternative uses and we have to use these resources to satisfy alternative needs and wants. In order to increase spending resources on one thing, we need to decrease spending on its alternative.

Here, the parking spot on the driveway can be used for personal use or can be used for renting. The opportunity cost of using the spot for personal parking is the money that could have been earned by renting it to others.

5 0

3 years ago

Selecting a job based on your skills and interests is important, because on average, a person with a full time job works approxi

WINSTONCH [101]

C. 2000 hours a year.

Hope it helps!

6 0

2 years ago

A fast-food restaurant has determined that the chance a customer will order a soft drink is 0.90. The proba- bility that a custo

azamat

Answer:

(a) The probability that the order will include a soft drink and no fries is 0.45.

(b) The probability that the order will include a hamburger and fries is 0.48.

Explanation:

Let the events be denoted as follows:

S = an order of soft drink

H = an order of hamburger

F = an order of french fries.

Given:

P (S) = 0.90

P (H) = 0.60

P (F) = 0.50

(a)

It is provided that the event of ordering a soft drink and fries are independent.

If events A and B are independent then the probability of event (A ∩ B) is:

$P(A\cap B)=P(A)\times P(B)$

Compute the probability that the order will include a soft drink and no fries as follows:

$P(S\cap \bar F)=P(S)\times P(\bar F)\\=P(S)\times[1-P(F)]\\=0.90\times (1-0.50)\\=0.45$

Thus, the probability that the order will include a soft drink and no fries is 0.45.

(b)

It is provided that the conditional probability that a customer will order fries given that he/she has already ordered a hamburger as, P (F|H) = 0.80.

The conditional probability of an event B given another event A has already occurred is:

$P(B|A)=\frac{P(A\cap B}{P(A)}$

Compute the probability that the order will include a hamburger and fries as follows:

$P(F|H)=\frac{P(H\cap F)}{P(H)}\\P(H\cap F)=P(F|H)\times P(H)\\=0.80\times 0.60\\=0.48$

Thus, the probability that the order will include a hamburger and fries is 0.48.

6 0

2 years ago

Relix, Inc., is a domestic corporation with the following temporary timing differences for the current year. The building deprec

Rina8888 [55]

Answer:

Computation of Provision for income tax expense

Particulars Amount

Pre tax financial income $4,800

Add: Non deductible business meal $780

Less: Tax exempt interest -$2,375

Less: Book tax difference in depreciation -$16,800

of building and Furniture & fixtures

Add: Accured litigation expenses $16,000

Taxable Income $2,405

Provision for income tax Expense

Current Tax (21% of $2,405) $505

Deferred tax liability $3,528

Deferred tax asset -$3,360

Total Provision for income tax expense $673

Computation of book net income after tax

Particulars Amount

Book net income before taxes $4,800

Less: Provision for income tax expense -$673

Net Income after tax $4,127

3 0

2 years ago

Houston Houston Office Equipment manufactures and sells metal shelving. It began operations on January 1,2014.

Vanyuwa [196]

Solution:

1) If 2 pounds of direct materials are used to make one unit of finished product, then 115,000 units × 2 lbs, or 230,000 lbs were used at $0.65 per lb of direct materials i.e. ($149,500 ÷ 230,000 lbs.).

The Formula for calculating Ending Direct Material Cost = [Ending Direct Material Inventory * Cost per lb]

Therefore, Ending Direct Materials cost is 1,900 lbs. * $0.65 = $1,235.

2) Manufacturing Costs for 115,000 units

Variable Fixed Total

Direct materials costs – $149,500 + Direct manufacturing labor costs – 31,500 + Plant energy costs – 3,000 + Indirect manufacturing labor costs

(Variable + Fixed) i.e. 15,000+12,000 - 27,000 + Other indirect manufacturing costs

(Variable + Fixed) i.e. 10,000+32,000 - 42,000

So, Cost of goods manufactured - $253,000

Average unit manufacturing cost = $253,000 ÷ 115,000 units

= $2.20 per unit

Finished Goods Inventory at Dec. 31, 2014 = $15,400

Therefore Finished goods inventory total units = $15400 / $2.20

= 7,000 units

3) Units sold in 2014 = Beginning inventory + Production – Ending inventory

= 0 + 115,000 –7,000

= 108,000 units

Therefore, Selling price in 2014 = Total Revenues / Units Sold

= $583,200 ÷ 108,000

= $5.40 per unit

4) Operating Income for 2014

Revenues(108,000 units sold × $5.40) = $583,200

Cost of units sold:

Beginning finished goods, Jan. 1, 2014 = $0

Cost of goods manufactured = $253,000

Cost of goods available for sale = $253,000

Ending finished goods, Dec. 31, 2014 = $15,400

So, Cost of Units sold ($253000 - $15400) = $237,600

Therefore, Gross margin = Total Revenue - Cost of Units Sold

= $583,200 - $237,600

= $345,600

Operating costs: Marketing, distribution, and customer-service costs

Variable + Fixed i.e. ($126,000 + $48,000) = $174,000

Administrative costs = $57000

Total Operating Costs = $231,000

Therefore Operating income for 2014 = $345600 - $231,000

= $114600

3 0

2 years ago