Answer:
a- Red Hot is less efficient than Maverick Cycles in producing goods.
Explanation:
Given data
The Red Hot's Cost of goods sold/Revenue = 63.4%
And, the Cost of goods sold/Revenue of Maverick Cycles = 54.2%
By considering the above information, we can see that in the red hot case, the percentage is higher whereas in the maverick cycles the percentage is lower than reflecting the less efficient in the red hot case as the cost value that is incurred for producing the goods and services is higher than the sales revenue while in another case, the cost is lower as compared to the red hot
Answer:
Being self-sufficient dramatically reduces one's standard of living.
Explanation:
Thoreau had a view that one should go into the woods, live simply and produce what you need with your own hands (be self-sufficient).
Economists explain why most people in the United States do not do this. To an economist everyone in society have their own specialisation. That is why they emphasize division of labour.
So going into the woods to be self-sufficient is not the best use of one's resources and abilities.
Everyone has something unique to contribute in an interaction. What I have comparative advantage producing will be difficult for another person.
This will create a network of people giving what they have comparative advantage producing in exchange for goods and services they do not have competitive advantage producing. This results in everyone maximising utility.
But Thoreau's view will not maximise utility because it is not possible you have advantage producing all you need.
Answer:Telling style leadership
Explanation: According to Hersey and Blanchard’s situational model of leadership, The telling style is an authoritarian type of leadership ususally directed or used with low- maturity followers where the leader gives explicit directions and instructions on how tasks should be performed and orders are not subject to interpretation
This type of leadership usually occurs when the leader has an expertise in the area which he or she specializes and so gives clear, precise quick and controlled instructions for efficient implementation.
Here, Sandra uses the Telling style leadership to accomplish tasks and performances.
Answer: Option (b) is correct.
Explanation:
Given that,
Revenues = $300,000
Merchandise it purchased = $75,000
Salaries paid = $14,000
Owners invested = $23,000
Borrowed on a five-year note = $23,000
Interest paid = $3,000
Paid for a two-year insurance policy = $6,800
Income tax rate = 9%
Gross Margin = Revenues - Cost of Goods Sold
= $300,000 - $75,000
= $225,000
Profit before tax = Gross Margin - Salaries - Insurance payment - Interest
= $225,000 - 14,000 - 3,400 - 3,000
= $204,600
Net Income = Profit before tax - Tax at 9%
= $204,600 - 18,414
= $186,186
