All categories

2 years ago

The assertion that "There is no free lunch" means that:

Business

1 answer:

kati45 [8]2 years ago

5 0

Answer:

The correct answer is option B.

Explanation:

The statement "There is no free lunch" means that no product is made for free. Production of any good or service requires resources. These resources are scarce and have alternative uses. So in order to produce any goods or services limited resources are used and its alternative uses are sacrificed.

You might be interested in

Sky High Company has two departments, X and Y. The following estimates are for the coming year: X Y Direct manufacturing labor

Anni [7]

Answer:

Predetermined manufacturing overhead rate= $9.8 per machine hour

Explanation:

Giving the following information:

Machine-hours= 50,000

Manufacturing overhead= $490,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 490,000/50,000= $9.8 per machine hour

4 0

3 years ago

A drought in California destroys many red grapes. As a result of the drought, the consumer surplus in the market for red grapes

Ira Lisetskai [31]

Answer:

Explanation:

because if you raise it high enough you can get less people to buy seen it in a lot of places

4 0

2 years ago

Big Red Machines, a startup, has come up with a new product and has seen significant customer demand. Due to reinvestment in the

Bad White [126]

Answer:

The correct answer is "$ 30.34".

Explanation:

The value of the stock can be computed by the following formula:

⇒ $\frac{Dividend \ in \ year \ 3}{(1 + Required \ return \ rate)2} + \frac{Dividend \ in \ year \ 4}{(1 + Required \ return \ rate)3} + \frac{Dividend \ in \ year \ 5}{(1 + Required \ return \ rate) 4 } + \frac{1}{(1 + Required \ return \ rate)4 }\times [\frac{( Dividend \ in \ year \ 5 (1 + Growth \ rate)} {( Required \ return \ rate - Growth \ rate)}]$

On putting the values, we get

⇒ $\frac{1.50}{1.08^2} + \frac{1.60}{1.08^3} + \frac{1.75}{1.08^4 } + \frac{1}{1.08^4} \times [ \frac{( 1.75\times 1.03)}{(0.08 - 0.03)}]$

⇒ $\frac{1.50}{1.08^2 } + \frac{1.60}{ 1.08^3 } + \frac{37.80}{ 1.08^4 }$

⇒ $30.34$ ($)

8 0

3 years ago

A short explanation of a company's goals for the future is called what? (Select the best answer.)

soldier1979 [14.2K]

wrong its a vision statement !!!!

6 0

3 years ago

Gross billings for merchandise sold by lang company to its customers last year amounted to $11,720,000; sales returns and allowa

Alborosie

Calculation of Net sales last year for Lang Company:

It is given that Gross billings for merchandise sold by Lang Company to its customers last year amounted to $11,720,000; sales returns and allowances were $370,000, sales discounts were $175,000.

Net sales can be calculated using the following formula;

Net Sales = Sales –Sales Returns –Allowances

= $11,720,000-$370,000-$175,000

= $11,175,000

Hence the Net sales last year for Lang Company is $11,175,000

Hence the correct asnwer is <u>c. $11,175,000.</u>

5 0

3 years ago