Answer:
<u>Establish project priorities</u>
Explanation:
<em>Remember</em>, we are told the project professional has been assigned to manage a project, therefore going by the guiding steps when defining a project, the next and second step he should take is to establish project priorities.
In other words, he should draft out what tasks should be done first, those for later, and so forth in other to successfully achieve/finish the project's objective.
Answer:
Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.
Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.
Net effect of the above transactions is $30,000 - $20,000 = $10,000
So, net income will be increased by $10,000 as net effect of the above adjustments.
Answer:
$4,500
Explanation:
The computation of the annual financial advantage (disadvantage) for the company is shown below:
Sales (9,000 units × 20.50) $184,500
Less: Variable costs:
Direct materials (9,000 units × $3.10) -$27,900
Direct labor (9,000 units × $1.50) -$13,500
Variable manufacturing overhead (9,000 units × $6.40) $57,600
Increase in variable costs (9,000 units × $5) -$45,000
Less: Investment in special molds -$36,000
Financial advantage $4,500
We simply deduct the all cost from the sales so that the financial advantage could come
Answer:
- The two are not equal and not maximizing her utility.
- Martha should more on orange juice and less on coffee
Explanation:
Martha's currently receiving 75 utils per ounce
orange juice costs 25 cents per ounce = $0.25 per ounce
then 75 utils per ounce/ $0.25 per ounce = $300 utils from her last dollar spending on the orange juice though only 50 utils per ounce /$0.20 per ounce = $ 250 utils per dollar from her last dollar exhausted on coffee
- The two are not equal and not maximizing her utility.
- Martha should more on orange juice and less on coffee.
Answer:
b. product A and B are subtitutes
a. the quantity of fast food consumed decreases as income increases
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity = percentage change in quantity demanded of good A / percentage change in price of good B.
The cross price elasticity of substitute goods are always positive because if the price of good B increases, the Quanitity demanded of good A rises.
Substitute goods are goods that can be used in place of another good.
Complement goods are goods that are used together. E.g. car and gas
Inferior goods are goods whose demand increases when income falls and whose demand falls when income rises.
I hope my answer helps you
