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Tresset [83]
3 years ago
10

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

Business
1 answer:
kati45 [8]3 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.

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Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty'
Leona [35]

Answer:

The option d is correct.

Explanation:

The high low method shows the difference between the high and low cost of a particular thing. In the given question, the high cost is $3,600 and the low cost is $2,700 whereas the high machine hour is 18000 and low machine hour is 10,000.

Now, the formula for high low method is calculated. It is shown below:

High low method =  (High cost - Low cost) ÷ (High machine hours - Low machine hours)

= ($3,600 - $2,700) ÷ (18000 - 10,000)

= 900 ÷ 8000

= 0.11

Thus, the option d is correct.

7 0
3 years ago
A consumer advocacy group challenges a firm's decision to build a new warehouse in a small community. the advocacy group is an e
Naddika [18.5K]
The answer to this question is citizen-action
Citizen-action public refers to the situation where citizens started to question or challenge the decision/policies made by a certain company.
Usually, this type of action is cause when the citizens feel that the decision/policies will negatively affect their community.
5 0
3 years ago
If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for th
tino4ka555 [31]

Answer:

Net loss -$1,390

Explanation:

The computation of the net income is given below:

Service revenue    

On cash $1,530

ON credit $1,780

Service revenue $3,310

Less: Expense    

Utilities expense  -$70

Rent expense  -$700

Salaries expenses  -$3,260  

Depreciation expense -$670

Total expenses -$4,700

Net loss -$1,390

7 0
3 years ago
Going 'long' (including more periods) on a moving average forecast is usually most appropriate when: 1. Significant fluctuations
Nata [24]
2. Significant fluctuations in the market would actually be corrected
4 0
4 years ago
Garage corp. uses a traditional production environment. its competitor uses lean production and just-in-time (jit) manufacturing
Rus_ich [418]
Garage corp. uses a batch-and-queue or batch-and-wait production system wherein the sub-assembly or the partially completed product is move to the work-in-progress (WIP) location, the next department to take it from WIP location, perform an operation on them and then forward the resulting work into the next WIP location to wait once again. This procedure continuous until the final product is completed. Using this system, the Garage corp. produces and maintains large inventories since it drives products to lower average unit cost, so they need to produce more products and the more products produced, the greater the inventory asset. They will produce products of low quality since workers in traditional production do not have major responsibility for quality control during their work. They strive for efficiency which means producing the best yield at the lowest cost from the available resources but in the expense of effectiveness which is the degree where an objective or target is met. It is doing something right but not doing it right. And lastly they have an information loss between its organizational areas because they operate in a disconnected manner with little integration and communication.
3 0
3 years ago
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