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3 years ago

In capitalism, what does competition do for consumers?

Business

2 answers:

max2010maxim [7]3 years ago

8 0

It keeps prices fair for consumers who are trying to buy there products.

- R3KTFORGOOD ☕

asambeis [7]3 years ago

7 0

Competition of different companies gives consumers a wider variety of products to choose from when buying. For example, if a rival company of a lawnmower company joins in, they would be contesting for consumers who are trying to buy a new lawnmower. This may lead to the companies trying to compete by offering different services, warranty, lower prices, etc.

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Limitation of scientific management

lianna [129]

Answer:

Exploitative Devices: Management did not share benefits of increased productivity and so economic welfare of workers was not increased. 2. Depersonalized work: Workers were made to repeat the same operations daily which led to monotony

6 0

3 years ago

Mannarelli Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the mon

Serjik [45]

Answer:

$ 5.34

Explanation:

Calculation for cost per equivalent unit for conversion costs for September

First step is to find the Equivalent units of production

To complete beginning work-in-process:

Conversion 12,000

[15,000 units × (100%-20% )]

Units started and completed 65,000

(89,000-24,000)

Ending work-in-process

Conversion 21,600

(24,000 units × 90%)

Equivalent units of production 98,600

Second step is to calculate the Cost per equivalent unit using this formula

Cost per equivalent unit =Cost added during the period ÷Equivalent units of production

Let plug in the formula

Cost per equivalent unit = $526,524÷98,600

Cost per equivalent unit = $5.34

Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34

7 0

3 years ago

Follow lockout/tagout procedures in this situation.

77julia77 [94]

Answer:all the above

Explanation:

4 0

3 years ago

9.5 Capital Healthplans Inc. is evaluating two different methods for providing home health services to its members. Both methods

marshall27 [118]

Answer:

present worth A: 513,821.51

present worth B: 431,013.1

We should choose option B as the present worth is lower.

the IRR cannot be calculated when all teh cashflow are negative as it the rate which makes the present value equal to zero. that means it will discount either the negative or postive subsequent cashflow to match an initial of the opposite sign.

Explanation:

For the intenal rate of return we must look for which rate makes the cost equal to zero.

For the opportunity cost, we solve for the present value of eahc discounted at the given rate of 9%

Method A

$\frac{Maturity}{(1 + rate)^{time} } = PV$

discount rate 0.09

# Cashflow Discounted

0 300000 300000

1 66000 60550.46

2 66000 55550.88

3 66000 50964.11

4 66000 46756.06

NPV 513821.51

Method B

# Cashflow Discounted

0 120000 120000

1 96000 88073.39

2 96000 80801.28

3 96000 74129.61

4 96000 68008.82

NPV 431013.1

8 0

3 years ago

Caroline has saved $100,000 for her retirement. She earned 4 percent interest on that money during the year 2013. If the inflati

dmitriy555 [2]

Answer:

Real rate of interest will be 3 %

Explanation:

We have given Caroline served $100000 for her retirement

Rate earned 4% interest on that money

So nominal rate earned = 4%

We have given inflation rate = 1%

We have to find the real rate of interest

Real rate of interest is given by

Real rate of interest = nominal rate earned - inflation rate

So real rate of interest = 4-1 =3 %

8 0

3 years ago