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Nutka1998 [239]

3 years ago

15

Which option best completes the following sentence? Every decision you make is a(n) ______________ decision because you are choo

sing how to use your ______________.

1 answer:

Ivenika [448]3 years ago

6 0

First blank: economic

Second blank: limited resources

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Which of the following would not be characteristic of a chain restaurant?

mr_godi [17]

Answer:

C: ability to set your own hours of operation

Explanation:

With a chain restaurant you have to have the same hours as other restaurants in that chain.

7 0

3 years ago

Read 2 more answers

Imagine you own a food truck that sells gourmet vegan tacos. You rely on many suppliers, all of which also supply their goods to

ladessa [460]

Answer:

A

Explanation:

Because there are plenty of suppliers for some goods, the food truck owner is more powerful in this case than the suppliers. Here the power of suppliers is low

For the other goods with only a single supplier. the supplier has more powerful than the taco seller. here the power of supplier is high. If the supplier increases price, the taco seller would most likely have an inelastic demand and would be at the mercy of the supplier

thus, the power of suppliers is relatively high for some items and relatively low for others.

8 0

2 years ago

Astair, Inc. reported sales of $6,000,000 for the month and incurred variable expenses totaling $4,600,000 and fixed expenses to

tiny-mole [99]

Answer:

Break-even point in units= 78,000

Explanation:

Giving the following information:

Fixed cost= $940,000

Total contribution margin= (6,000,000 - 4,600,000)= $1,400,000

Unitary contribution margin= 1,400,000 / 70,000= $20

Desired profit= $620,000

<u>To calculate the number of units to be sold, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (940,000 + 620,000) / 20

Break-even point in units= 78,000

4 0

3 years ago

Sibila, Inc. sells its product for $40. The variable costs are $18 per unit. Fixed costs are $16,000. The company is considering

Ahat [919]

Answer:

c. It will increase.

Explanation:

Break even point is the level of activity at which a firm neither makes a profit nor a loss.

<em>Break - even units = Fixed Costs ÷ Contribution per unit </em>

therefore,

<u>Existing break-even point in units :</u>

Break - even units = $16,000 ÷ ($40 - $18) = 727.27 or 728 units

<u>New break-even point in units :</u>

Break - even units = $21,000 ÷ ($40 - $16) = 875 units

Conclusion :

The results show that break-even point in units will increase from 728 units to 875 units as a result of the changes

8 0

3 years ago

Which of the following correctly defines a product?

Alisiya [41]

Answer: Option C

Explanation: In simple words, a product refers to an entity that that could be tangible or intangible and is produced by the manufacturer for satisfying the wants of its customers.

Hence anything that is offered to the market and has the ability to satisfy the needs of specified individuals will be classified as a product.

Thus, the correct option is C.

7 0

3 years ago