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3 years ago

An initial license is issued in October of 2015. When must the license be renewed in order to prevent expiration?

Business

1 answer:

GenaCL600 [577]3 years ago

5 0

Answer: September 2017

Explanation:

From the question, we are informed that an initial license is issued in October of 2015. One thing that we need to understand is that the license will only be effective for two years.

So, before it expires it is logical to renew it. In this scenario, since the initial license is issued in October 2015, this means that it'll be renewed in 2 years which will be September 2017.

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The operations of Knickers Corporation are divided into the Pacers division and the Bulls division. Projections for the next yea

Dominik [7]

Answer:

c.$36,750

Explanation:

If Bulls Division were dropped, then the total segment margin would be $147,000 and the total common cost would be $110,250, Then:

Operating income = Segment margin - Total cost

= $147,000 - $110,250

= $36,750

Therefore, The Operating income for Knickers Corporation as a whole if the Bulls division were dropped would be $36,750.

4 0

3 years ago

When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L.

DanielleElmas [232]

Answer:

$STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2$

Explanation:

We are given:

K units of capital and L units of labor.

•Each unit of capital cost = 20

• Each unit of labor cost =25

• Level K is fixed at 5 units

We are told production function Q = K√L

Using the production functions and the values given, we can get that Q=5√L.

To find Q, the amount of labor will be given as:

$L = \frac{Q^2}{25}$

Therefore, the Short run total cost function (STC) will be:

$20K + 25L = 20*5 + 25[\frac{Q^2}{25}] = 100 + Q^2$

7 0

2 years ago

What are the main purposes of a budget?

disa [49]

In the context of business management, the purpose of budgeting includes the following three aspects:

•A forecast of income and expenditure (and thereby profitability)

•A tool for decision making

•A means to monitor business performance

7 0

3 years ago

Read 2 more answers

Choosing products that do not harm the environment and gathering information about a product's quality are examples of _____.

Nady [450]

Answer:

consumer responsibility. This is when consumers purchase goods that would not harm the environment or would not be hazardous to one’s health. They make healthy and environment-friendly choices in buying items that they need. These are usually people who are concerned about what they buy and how it would affect not only them but the area surrounding them.

4 0

2 years ago

Lindsay and Sandy run a landscaping firm that cuts lawns and prunes trees. Lindsay is more productive than Sandy at both tasks.

ELEN [110]

Answer:

True

Explanation:

A person (or company or country) must specialize in the production of the good or service for which they possess a comparative advantage.

Lindsay has an absolute advantage in both cutting lawns and pruning trees, but that doesn't mean that she has a comparative advantage at both.

7 0

3 years ago