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Nataliya [291]
2 years ago
7

The country of Baurisia has, until now, been self-sufficient in both grain and meat. However, with growing prosperity in Baurisi

a has come a steadily increasing per capita consumption of meat, and it takes several pounds of grain to produce one pound of meat. Therefore, since per capita income in Baurisia is almost certain to rise further but increases in domestic grain production are highly unlikely, Baurisia is soon likely to become an importer of grain.Which of the following, if true, most seriously weakens the argument?A) When people increase their consumption of meat, they also tend to increase their consumption of grain.B) The per capita consumption of meat in Baurisia is roughly the same accross all income levels.C) Per capita consumption of meat has not increased substantially in recent years in those countries from which Baurisia is likely to import meat.D) It is more economical for Baurisians to import meat than grain.E) During Baurisia's years of growing prosperity, the country's population has remained relatively stable.
Business
1 answer:
meriva2 years ago
4 0

Answer:

D) It is more economical for Baurisians to import meat than grain.

Explanation:

The argument states that meat consumption in Baurisia is steadily increasing while domestic production is not.

There are two alternatives:

  1. import more grains to feed more animals and produce more meat (the argument favors this option),
  2. or simply import more meat.

But if importing meat is cheaper than importing grains, then there is no need to import more grains in order to feed animals and later get meat from them, you just simply and directly import meat.

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5 0
2 years ago
Adong's Fishing Products is analyzing the performance of its cash management. On average, the firm holds inventory for 65 days,
tatuchka [14]

Answer:

A. $45

B. $80

C. $8,167

Explanation:

(a) Calculation to determine the firm's cash conversion cycle

Cash conversion cycle=$65 +$15 – $35

Cash conversion cycle=$45

Therefore the firm's cash conversion cycle is $45

(b) Calculation to determine the firm's operating cycle

Operating cycle =$65 +$15

Operating cycle=$80

Therefore the firm's operating cycle is $80

(c) Calculation to determine the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days

First step is to calculate the Daily expenditure

Daily expenditure =$1,960,000/360

Daily expenditure=$5,444.44

Now let determine the Annual savings

Annual savings =$5,444.44 *15*0.10

Annual savings=$8,167

Therefore the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days will be $8,167

5 0
2 years ago
The price elasticity of demand for a good is likely to be less elastic​ __________.
mariarad [96]

Answer:

if a change in the price of the good brings about a much smaller change in the quantity demanded for the good.

Explanation:

<em>The price elasticity of demand is a measure of the change in the demand for a good in relation to a change in the price of the same good. </em>Mathematically, the price elasticity of demand for a product is represented as:

Price elasticity = change in the quantity demanded/change in price

The value of price elasticity of demand ranges from 0 to infinity. The price elasticity of demand is

  • relatively inelastic when the value is less than 1,
  • unitary elastic when it is equal to 1,
  • relatively elastic when it is greater than 1,
  • perfectly inelastic when it is equal to 0, and
  • perfectly elastic when the value is infinity.

<u>Less elastic price elasticity of demand is equivalent to relatively inelastic price elasticity. This thus means that the price elasticity of demand is less than 1; a percentage change in the price of the good brings about a disproportionately smaller percentage change in the quantity demanded for the good.</u>

4 0
3 years ago
Spin Cycle Architecture uses three activity pools to apply overhead to its projects. Each activity has a cost driver used to all
shusha [124]

Answer:

The predetermined overhead rate for each activity.

Activities: Initial concept formation  $42,200;

Cost Drivers: Number of project changes

Expected Use of Cost Driver/Activity =  15

Predetermined overhead rate for activity = Overhead/Cost Driver=  42,200/ 15= $2813

Activities: Design $556,000;

Cost Drivers :Square feet

Expected Use of Cost Driver/Activity  = 38,000

Predetermined overhead rate for activity =Overhead/Cost Driver= 556,000/ 38,000 =$ 14.63

Activities: Construction oversight  $124,200.

Cost Drivers: Number of months

Expected Use of Cost Driver/Activity= 105

Predetermined overhead rate for activity = Overhead/Cost Driver= 124,220/ 105 = 1183.04

5 0
3 years ago
The following information is from the December 31, 2017 balance sheet of Jackson Corporation
blsea [12.9K]

Answer:Average issue price = $105--b

Explanation:

Preferred stock , $100 par = $260,000

number of shares issued =Preferred stock / par value preferred stock= =$260,000 / $100 = 2,600 shares

Paid in capital in excess of par = total issued price - preferred stock

total issued value =  paid in capital in excess of par preferred stock + preferred stock = 14,000 + 260,000=$274,000

Average issue price = Total issue price / number of shares issued = $274,000/ 2600= 105.38 =  $105

7 0
3 years ago
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