Answer:
There was a tremendous drought in California, where the majority of lettuce is grown for the United States. Lettuce is vitally needed to make delicious tacos for Taco Tuesday. As a result of the drought, the price of lettuce used to produce tacos doubles.People get tired of eating tacos on Tuesday and switch to eating lasagna. What happens to lettuce in the short term? reduction in demand and supply which affects the price, such inflation of price would reduce the demand
Explanation:
Answer:
Fixed ratio
Explanation:
Fixed ratio schedule is a type of schedule where in order to achieve something you have to perform a certain procedure, a task, specified number of operations or steps etc. The above example is a fixed ratio schedule because, in order to get a 500$ ticket, it is necessary to acquire 25,000 miles by spending 25000%.
One global trend I think offers a business opportunity in the global marketplace is the internet. With the internet customers can shop a store from virtually anywhere in the country. A small store such as local boutiques become a big hit with online shoppers.
Answer:
Yes that is an appropriate way ti prepare an operating budget.
Explanation:
An operating budget is a financial statement that reflects reflects operating activities and its cost implications.
It outlines other budgets like ending fines the financial plan for each operating sub sector such as sales, production, direct labor, manufacturing overhear, etc. for a particular period.
Nathan's method of preparing the operating budget for his company is appropriate because he is following the correct sequence.
To prepare an operating budget, the sales and production budgets are captured first, followed by direct materials, direct labor, manufacturing overhead, direct labor, direct materials and other other additional budget before the budgeted income statement is prepared.
Answer:
Oriole should buy the wickets.
Explanation:
The variable cost of producing wickets is $22/unit.
The fixed cost of production is $8/unit.
The total cost of producing wickets is $30/unit.
Saran company offers to sell 4900 units of wickets at $24.
If wickets are purchased it will cost $24/unit.
Since cost is lower when buying, Oriole should buy wickets.
