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nikitadnepr [17]
3 years ago
5

Which of the following describes the stage in the economic cycle that follows growth?

Business
1 answer:
Yuliya22 [10]3 years ago
4 0
Trough (bottom of the cycle)
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Sam and Lisa run a catering business in which they have two major tasks: getting new clients and preparing food for events and p
igomit [66]

Answer:

In this scenario, <u>LISA</u> has both an absolute advantage in food preparation, and <u>LISA</u> has a comparative advantage in food preparation.

Assume that initially, Sam and Lisa are splitting both tasks for a large number of events. Then they decide to start shifting some work according to the principle of comparative advantage. In particular, the person with the comparative advantage in food preparation will take over preparing food for one more event, and the other person will use the freed-up time to get more clients. As a result, the total number of events for which food is prepared will remain unchanged, but the number of new clients will increase by <u>1</u>.

Before they were getting 3 new customers since Sam got 2 and Lisa 1, but since Sam will only look for clients, then the total number of clients will be 4 (or 1 more).

Explanation:

It takes Sam 12 hours to prepare the food for an event and 3 hours of effort to get each new client.

  • Sam's opportunity cost of preparing food = 12/3 = 4 new clients
  • Sam's opportunity cost of getting new clients = 3/12 = 0.25 of food preparation

For Lisa, it takes 10 hours to prepare food for an event and 5 hours to get a new client.

  • Lisa's opportunity cost of preparing food = 10/5 = 2 new clients
  • Lisa's opportunity cost of getting new clients = 5/10 = 0.5 of food preparation
7 0
3 years ago
So you them the answer you submit must be the d operators; they are pald $8. 10 an hour each and work 40 hours a week and 52 wee
Crank

The net present value for all favor keeping the canon copiers $6580

<h3>What is net present value?</h3>

The net present value, also known as net present worth, is applied to a series of cash flows that occur at different dates. The present value of a cash flow is determined by the time elapsed between now and the cash flow. It is also affected by the discount rate. The temporal value of money is accounted for by NPV.

The term net present value (NPV) refers to the current total value of a future stream of payments. If the net present value (NPV) of a project or investment is positive, it signifies that the discounted present value of all future cash flows associated to that project or investment will be positive, and hence appealing.

To know more about net present value follow the link:

brainly.com/question/17185385

#SPJ4

3 0
1 year ago
A large bakery buys flour in 25-pound bags. The bakery uses an average of 4200 bags a year. Preparing an order and receiving a s
natta225 [31]

Answer:

34

Explanation:

Annual demand D = 4,200 bags

Ordering cost S = $10.70

Holding cost H = $76

Economic order quantity = \sqrt{2*D*S / H

Economic order quantity = \sqrt{2*4200*$10.70 / $76}

Economic order quantity = \sqrt{89880/76}

Economic order quantity = \sqrt{1182.63}

Economic order quantity = 34.389388

Economic order quantity = 34

8 0
2 years ago
You are in a car accident, and you receive an insurance settlement of $5,000 per year for the next 3 years. The first payment is
fomenos

Answer:

Explanation:

Present value is found by discounting future values using a discount/interest rate.

Current year PV of $5000 is $5000.

A year in future PV is $5000/(1+r)^n which is $5000/(1.06)^1

= $4,716.98 is what $5000 in a year from now is worth.

Two years in future is $5000/(1+r)^r which will now be $5000/(1.06)^2

= $4,449.98 is what $5000 two years from now is worth today.

Add all figures up to get your Present value.

=5000 + 4,716.98 + 4,449.98

= $14,166.96 is the present value.

6 0
3 years ago
Zen began a new consulting firm on January 5. The accounting equation showed the following balances after each of the company’s
diamong [38]

Answer:

Explanation:

As we know that

Accounting equation comprise of

Total assets = Total liabilities + Shareholder equity

So, the description of each transaction is as follows:

a. Cash A/c Dr $40,000

         To Common stock $40,000

(Being the invested cash in exchange for common stock is recorded)

Since both the above accounts i.e cash account and the common stock are increased by $40,000

b. Office supplies A/c Dr $3,000

             To Cash A/c $2,000

             To Accounts Payable A/c $1,000

(Being the office supplies are purchased for cash and on credit basis)

This transaction reduced the cash balance by $2,000   ($40,000 - $38,000) and the total office supplies is purchased for $3,000 out of which $2,000 is paid for cash and remaining $1,000 is on credit basis.

c. Office furniture A/c Dr $8000

           To Cash A/c $8000

(Being the office furniture is purchase for cash is recorded)

In this transaction, the cash balance is $30,000 and the cash balance in previous balance is $38,000 so it get reduced by $8,000. Although the office furniture balance is also increased by $8,000

d. Accounts receivables A/c Dr $6,000

                To Service revenue A/c $6,000

(Being the service rendered is recorded)

In this transaction, both the above accounts are increased by  $6,000 each

e. Cash A/c Dr $1,000

      To Service revenue A/c $1,000

(Being the service is provided for cash is recorded)

In this transaction, the cash balance is $31,000 and the cash balance in previous balance is $30,000 so it get increased by $1,000 Although the service revenue balance is also increased by $1,000

4 0
3 years ago
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