Answer: The correct answer is "D. Its standards apply to all types of businesses, including electronics and chemicals.".
Explanation: The ISO 9000 standards are a set of Quality Control and quality management, established by the International Organization for Standardization (ISO). They can be applied in any type of organization or activity oriented to the production of goods or services. The standards include both the minimum content and the specific implementation guides and tools as well as the audit methods.
The solution for the problem follows:
Expense = variable expenses * quantity of produced + fixed
expenses
= 14q + 78,490
= 14 (3500) + 78, 490
= 49000 + 78,490
= $127, 490 is the total expense for 3,500 tennis rackets
Get the per piece expense by dividing 127,490 to 3500
Expense per piece = 127,490 / 3500
= $36.43
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Answer:
The answer is A
Explanation:
Taxes on goods with INELASTIC demand curves will tend to raise more tax revenue for the government than taxes on goods with ELASTIC.
Goods with inelastic demand are insensitive to price. An increase price of the goods for example from an increase in tax on the goods will have no significant effect in the quantity demanded. Consumers will still buy it with an higher. So taxing this goods is a good source of revenue for the government.
Whereas goods with elastic demand are very sensitive to rice. Any slight increase in price will result in a significant decrease in quantity demanded. So government increasing tax on this good will be bad for its tax revenue because consumers won't be it
Answer:
2. Brett is a farmer with an open field on which he can plant either soybeans or corn.
Explanation:
Scarcity in economics means the resources available to meet man's needs are limited or scarce.
In brett's case, land is limited, so he has to choose between planting soybeans and corn.
I hope my answer helps you
Answer:
12.44%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
cash floe in yer0 = 200
cash flow in year 1 = -80
cash flow in year 2 = - 70
cash flow in year 2 = - 60
cash flow in year 2 = - 40
irr = 12.44%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
