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I am Lyosha [343]
3 years ago
7

Why do markets exist?

Business
1 answer:
FinnZ [79.3K]3 years ago
8 0

Answer:

The correct answer is *to provide a place for people to trade goods and services

Explanation:

trading can be simply described as the act of exchanging values between parties.

a market is a place where the sellers and buyers meet and trade, in which the buyers buy what they need and want from the sellers at a price both of them can agree upon.

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The Melville Corporation produces a single product called a Pong. Melville has the capacity to produce 60,000 Pongs each year. I
docker41 [41]

Answer:

Financial advantage $159,000

Explanation:

unit variable cost = 15 + 12 + 8 + (25%×8) = $37

Note the selling variable cost is now 25% of the initial cost before the special order because of the 75% savings

The fixed cost were not considered in the analysis because they are not relevant. They would be incurred either way, whether the order is accepted or not

Financial advantage of the special order

                                                                                                 $

Sales revenue from special order = (6,000× $65) =     390,000

Variable cost ( 6000×  $37 )                                  =       (222,000 )

Cost of special machine                                                 <u>( 9,000)</u>

Financial advantage                                                        <u> 159,000</u>

                                         

3 0
3 years ago
Do you think that some people have difficulty talking to others face-to-face because of how prevalent texting is today? When you
denpristay [2]
Answer: I do think that people have difficulty talking to others face-to-face because of how prevalent texting is today. The reason for that is because we’ve gotten used to having time to think about our answer before sending our message. In general, there’s less pressure with texting than there is with face-to-face. You’re in front of the person you’re talking to and they’re able to monitor you closely, which could make some people uncomfortable and unable to think of anything to say. Another reason is because texting is able to be done without moving. It’s more convenient than meeting up with someone to discuss something.
7 0
3 years ago
Timothy, LLC, originally budgeted $10,000 of costs to produce 100 toy cars. $5,000 of these costs consisted of direct labor, $1,
dolphi86 [110]

Answer:

$1,600

Explanation:

Budgeted raw material cost per toy car:

= Total budgeted raw material cost ÷ Budgeted production(in units)

= $1,000 ÷ 100 toy cars

= $10 per toy car

Flexible budget of raw material:

= Actual number of toy cars sold × Budgeted raw material cost per toy car

= 160 × $10 per toy car

= $1,600

Therefore, the flexible budget amount of raw materials is $1,600.

3 0
3 years ago
The _______ has developed privacy principles for its members to impose constraints upon themselves in order to not infringe on t
Neporo4naja [7]

The answer is organization.

<h3>What is the organization?</h3>
  • An organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union. The term "organization" can describe a person, a group, a company, or the process of creating or developing anything.
  • For instance, a corporation, a club, a charity, or a political party. According to an International Labour Organization report, the majority of these specialist schools are offered by nonprofit groups. Synonyms: group, company, party, body Additional words for the organization
  • The organization includes task alignment with respect to the company's ultimate aim and the division of labor among personnel. It can also be referred to as the second-most significant managerial activity, coordinating employee efforts, acquiring resources, and fusing the two in support of organizational objectives.
  • The four primary types of business entities are the LLC, the corporation, the partnership, and the sole proprietorship. Each of them is described in more detail below, along with how it relates to company law.

The organization has developed privacy principles for its members to impose constraints upon themselves in order to not infringe on the rights of the consumers.

To learn more about organization, refer to:

brainly.com/question/19334871

#SPJ4

3 0
2 years ago
Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000
Nikolay [14]

Answer:

Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000

greeting cards is $4000. The price of a greeting card is $4.

What is this firm's economic profit (or loss)?

Explanation:

or loss

4 0
3 years ago
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