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Jet001 [13]
3 years ago
14

Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous c

hefs and his mom. Every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. Mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. Which of Adam Smith’s ideas made Mark think of starting a restaurant?
A.) invisible hand
B.) self-interest
C.) competition
D.) laissez-faire
Business
2 answers:
Delvig [45]3 years ago
7 0
Adam Smith is known as the Father of Modern Economics and is known as the author of "The Wealth of Nations". According to the passage above, the idea of Adam Smith that made Mark think of starting a restaurant business is self-interest. The correct answer is option B. Self-interest, according to Adam Smith, is when the individual owns the resources available, labor and capital, can make voluntary decisions to control the marketplace. This is the biggest motivator in the activity in the economy.
stealth61 [152]3 years ago
6 0

Answer:

b

Explanation:

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The population of a country was 5.1 million people in 2008. three years later, the population of the same nation was 8.9 million
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The answer of the country is now 12.7 and the answer of the year is to 2024
8 0
3 years ago
What percent increase when 8 is made to 10​
victus00 [196]

Answer:

25 percent

Where: 8 is the old value and 10 is the new value. In this case we have a positive change (increase) of 25 percent because the new value is greater than the old value.

Explanation:

i hope you understand

3 0
3 years ago
Asset management ratios are important - firms need to manage assets efficiently because capital obtained to acquire those assets
AysviL [449]

Answer:

1) sold,  

equation: Inventroy turn over ratio= cost of goods sold/average inventory

2) low

3) cost of goods sold,

equation:   DSO= accounts receivables/ average sales per day

4) sells,

5) credit

Equation: fixed asset ratio= net sales/ net average fixed assets

6) time

Equation: total sales/ total average assets

Explanation:

Complete question is:

Asset management ratios are important - firms need to manage assets efficiently because capital obtained to acquire those assets is expensive. These ratios include the: (1) Inventory turnover ratio, (2) Days sales outstanding, (3) Fixed assets turnover, and (4) Total assets turnover. The inventory turnover ratio indicates how many times during the year inventory is -Select-1 (transferred, bought, sold) and restocked.

Its equation is:__________.

Excess inventory is unproductive and represents an investment with a -Select-2(high, low) rate of return. An alternative definition of the inventory turnover ratio replaces sales in the numerator with -Select-3 (cost of goods sold, costs of general administration, cost of discounts given) . The rationale for this measurement is that inventory is carried at cost, so sales in the numerator overstates the true inventory turnover ratio. The days sales outstanding (DSO) ratio is also called the average collection period (ACP). Its equation is:__________.

The DSO can also be evaluated by comparison with the terms on which the firm -Select-4 (sells, buys, discounts) its goods. If its trend has been rising and -Select-5 (budgeting, credit,dividend) policy has not changed, this would indicate a need to speed up the collection of receivables. The fixed assets turnover ratio measures how effectively the firm uses its plant and equipment. Its equation is:_________.

There can be problems interpreting this ratio due to -Select-6(risk, inflation, time) particularly when an older firm is compared with a newer company. The total assets turnover ratio measures how effectively the firm uses its total assets and whether the firm generates enough sales given its total assets. Its equation is:_________.

5 0
4 years ago
Read 2 more answers
The standard direct labor cost per unit for a company was $30 (= $20 per hour × 1.5 hours per unit). During the period, actual d
Bad White [126]

Answer:

Labor Price Variance = 3,700 F

Labor Efficiency variance = $37,000 U

Explanation:

Labor Price Variance = (Standard Rate - Actual Rate) \times Actual Hours

Standard Rate Given = $20 per hour

Actual Cost = $198,300

Standard Rate \times Actual Hours = $20 \times 10,100 hours = $202,000

Labor Price Variance = $202,000 - $198,300 = 3,700 Favorable

Labor efficiency Variance = (Standard Hours - Actual Hours) \times Standard Rate

Standard Hours for Actual Output = 5,500 \times 1.5 = 8,250 hours

Actual Hours = 10,100 hours

Standard Rate = $20 per hour

Labor Efficiency variance = (8,250 - 10,100) \times $20 = - $37,000 Unfavorable as the amount is negative.

Final Answer

Labor Price Variance = 3,700 F

Labor Efficiency variance = $37,000 U

8 0
4 years ago
chandler is using the selection filter so that certain values appear. he wants to show only the western states, but they are cro
diamong [38]

Answer:

The exclude box is checked, and he needs to uncheck it.

Explanation:

When you don't want to use filters you exclude them out. so for example, if you don't want to see data from the few regions that you have selected already, you could check exclude, click Apply, and you can see that the visualization changes and also the filter dialogue box has been updated so that there is a strike through that has a horizontal line through the names of the regions that are not being displayed.

3 0
2 years ago
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