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Gnoma [55]
3 years ago
5

The great baseball player Ty Cobb was known for being very thrifty. Near the end of his life he was interviewed by a reporter wh

o was surprised to find that Cobb used​ candles, rather than​ electricity, to light his home. From Ty​ Cobb's point of​ view, was the local electric company a​ monopoly? For​ Cobb, the local electric company
A. was a monopoly because it produced only one good.
B. was not a monopoly because it earned no economic profit.
C. was a monopoly because it was the only source of electricity.
D. was not a monopoly because candles were a good substitute for electricity.
E. was a monopoly because it charged high prices for electricity.
Business
1 answer:
Anarel [89]3 years ago
3 0

Answer:

D

Explanation:

From Ty Cobbs point of view it was not a monopoly because candles were a good substitue for electricity. Both produce light so Cobbs as being a very thrifty person would want a substitute that will allow him to curtail his expenditures using candles will definitely be less expensive .

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Answer:

B. Higher, lower

Explanation:

Uncertainty  avoidance refers to how tolerant is the society in respect to ambiguity and unpredictable things. High uncertainty avoidance cultures don't like uncertainty and try to control this through laws and rules. Low uncertainty avoidance cultures feel comfortable with uncertainty and people tend to be tolerant to changes and have few rules.

According to that, the answer is that higher uncertainty avoidance (e.g., Greece, Portugal, and Uruguay) is associated with a need for structure, avoiding differences, and very formal business conduct governed by many rules, whereas a lower uncertainty avoidance (e.g., Singapore, Jamaica, and Hong Kong) is characterized by an informal business culture, acceptance of risk, and more concern with long term strategy and performance than with daily events.

4 0
3 years ago
IBM manager Celia Moore coordinates IBM's long-standing "Reinventing Education" program that involves intensive research into ho
nirvana33 [79]

Answer: Triple bottom line

Explanation:

Triple bottom line is referred to as an or known as the accounting framework which tends to include three parts, i.e. environmental, social, and financial. Some of the organizations have been known to adopt the Triple Bottom Line framework in order to evaluate the performance in wider perspective i.e. to create the greater and larger business value.

4 0
3 years ago
At the beginning of the current accounting period Blazer Company had a $40,000 balance in its Finished Goods Inventory account.
Salsk061 [2.6K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning finished goods inventory= $40,000

During the period cost of goods manufactured amounted to $280,000. The ending balance in the Finished Goods Inventory account was $42,000.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 40,000 + 280,000 - 42,000

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4 0
3 years ago
Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the curren
jenyasd209 [6]

Answer:

Overhead Cost Category (Activity Cost Pool)       Cost

Supervision                                                             $2,160

Depreciation of machinery                                  $28,840

Assembly line preparation                                  <u> $23,000</u>

Total overhead                                                     $54,000

Supervision

Direct labor cost ($) $6,200 $11,800 $18,000

Depreciation of machinery

Machine hours 400 hours 800 hours 1,200 hours

Assembly line preparation Setups (number)

32 times 93 times 125 times

1)

overhead costs assigned to Rounded Edge

supervision = $2,160 x ($6,200 / $18,000) = $744

depreciation = $28,840 x (400 / 1,200) = $9,613

assembly line preparation = $23,000 x (32/125) = $5,888

total overhead costs = $16,245

overhead costs assigned to Squared Edge

total overhead costs = $54,000 - $16,245 = $37,755

2)

total costs assigned to Rounded Edge

materials $9,500

direct labor $6,200

overhead $16,245

total $31,945

cost per foot = $31,945 / 10,500 = $3.0424 per foot

total costs assigned to Squared Edge

materials $21,600

direct labor $11,800

overhead $37,755

total $71,155

cost per foot = $71,155 / 14,000 = $5.0825 per foot

3)   The average cost per foot of Rounded Edge decreased because lower overhead costs were allocated to their production.  

The average cost per foot of Squared Edge increased because higher overhead costs were allocated to their production.  

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