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Anika [276]
3 years ago
8

Sophia Martin's goal has been to travel around the world. She has now been traveling for six months and she has decided she is a

little tired of living out of a suitcase. She has decided to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. Which step in the financial planning process does this scenario most likely demonstrate?
Business
1 answer:
Usimov [2.4K]3 years ago
3 0

Answer:

Identifying alternative course of action

Explanation:

In this scenario Sophia made an initial financial plan in which she would travel around the world.

As she gets tired of this line of action she can identify other activities that will better suit her. So when she decides to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. She is identifying alternative course of action.

This new action will eventually have financial implications when implemented. In this case coming home and making only short trips will save her more money. She will also get money from her job.

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Assume that we are back to talking about bags of oranges (a private good), but that the government has decided that tossed orang
ruslelena [56]

Answer:

If negative externalities pop up in a market, the equilibrium is higher than the efficient output.

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3 years ago
As the television industry has changed in the last few decades from just three major networks to a multiplicity of networks, one
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Answer:

The answer is narrower competitive scope.

Explanation:

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3 years ago
What is effective demand?
Ahat [919]
The level of demand that represents a real intention to purchase by people with the means to pay
5 0
2 years ago
A company wants to forecast demand using the simple moving average. If the company uses four prior yearly sales values (i.e., ye
Doss [256]

Answer:

142.5

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5 0
3 years ago
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Nicklin Corporation is considering two alternatives, code-named M and N. Costs associated with the alternatives are listed below
xz_007 [3.2K]

Answer and Explanation:

a. The cost that are relevant or irrelevant is shown below:-

Relevant costs are those costs which influence the company's decision-making process and these costs vary between alternatives. However, irrelevant costs are the same for each alternative and thus do not impact decision-making processes.

Supplies costs = Relevant

Supplies cost is relevant as amount are vary between alternatives

Power cost = Irrelevant

Power cost is relevant as amount is not vary between the alternatives

Inspection cost = Relevant

Inspection cost is relevant  as amount are vary between alternatives

Assembly cost = Relevant

Assembly cost is Relevant as amount are vary between alternatives

b. The computation of differential cost between Alternative M and Alternative N is shown below:-

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Supplies costs         $77,000               $68,000              $9,000

Power costs             $49,000               $49,000              $0

Inspection costs       $29,000              $44,000              -$15,000

Assembly costs         $42,000              $31,000              $11,000

Differential cost         $197,000             $192,000           $5,000

4 0
3 years ago
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