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3 years ago

The following questions practice these skills:

Business

1 answer:

Nostrana [21]3 years ago

4 0

Answer:

a. If all 307 registered fishermen were to be employed by hotels (in addition to the 3,409 people already working in hotels), how many hotel stays could Bermuda produce?

since the opportunity cost is constant, then if all 307 fishermen decided to become hotel workers, then the total number of hotel stays would be (286 tons of fish x 2,000 stays per ton) + 538,000 stays = 1,110,000 stays

b. If all 3,409 hotel employees were to become fishermen (in addition to the 307 fishermen already working in the fishing industry), how many metric tons of fish could Bermuda produce?

total number of fish caught = (538,000 stays / 2,000 tons per stay) + 286 tons of fish = 555 tons of fish caught

c. attached graph

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Last year, you earned a rate of return of 11.29 percent on your bond investments. During that time, the inflation rate was 4.6 p

nordsb [41]

Answer:

the real rate of interest of 6.39 %

Explanation:

given,

rate of return on your bond = 11.29 %

the inflation rate = 4.6 %

real rate of return = ?

rate of return = $(\dfrac{1+ return\ rate}{1 + inflation }-1)\times 100$

rate of return = $(\dfrac{1+ 0.1129 }{1 + 0.046 }-1)\times 100$

rate of return = $(\dfrac{1.1129}{1.046 }-1)\times 100$

= 6.39 %

the real rate of interest of 6.39 %

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3 years ago

Project management is ideally suited for a business environment requiring all of the following EXCEPT:________.

SCORPION-xisa [38]

Answer:

D) SPEED

Explanation:

6 0

3 years ago

Elliston company accepted credit card payments for $10,000 of services provided to customers. the credit card company charges a

Nastasia [14]

To solve this question, take 3% of $10,000 to see what the increase would be:

$10,000 x 3% = $300

There is an increase of $300 due to the 3% credit card processing fee that the credit card company is imposing on Elliston.

8 0

3 years ago

Managers are constantly seeking out new tools to meet new challenges. Indicate whether today’s manager’s are more or less aware

Galina-37 [17]

Answer:

Customer relationship management system (CRM)

Explanation:

A <em>CRM </em>system is what keeps the customer coming back. Instead of targeting each customer with a default bundle of products that are trending, the customer relationship management system tracks down the customer's habits and preferences, creating a tailor-made approach. Every customer is different in things he/she wants to buy. This way, marketing gets more customized and customer statistics generates better reports (more insight for the long-term).

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3 years ago

Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900,000 for year 1. The

Zarrin [17]

Answer:

Job 301 $ 11,000

Job 302 $ 16,500

Job 303 $ 22,000

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

To calculate the overhead rate <u>we divide the estimated overhead cost by the estimated cost driver:</u>

$\frac{495,000}{900,000}= Overhead \:Rate$

0.55 overhead rate

Job 301 $20,000 labor cost x 0.55 overhead rate

11,000

Job 302 $30,000 labor cost x 0.55 overhead rate

16,500

Job 303 $40,000 labor cost x 0.55 overhead rate

22,000

8 0

3 years ago