Answer 1:
B is the answer.
Computers where there are many competitors with slightly differentiated products.
Explanation:
A market is characterized as a Perfect Competition where there are many buyers, many sellers and the products are either homogenous or slightly differentiated. There is also perfect knowledge about all the products and the nonexistence of monopoly. That is, no player in the market has leverage over which they can manipulate prices in their favor.
Answer 2:
A is the correct answer.
Operational Risk.
Explanation:
When there is the possibility for a loss arising from a dysfunctional internal process(es), inefficient employee(s), or even from external events, with a link to the internal dynamics of a company, the business is said to be exposed to Operational Risks.
Answer 3:
When there is an increase in interest rate, the following takes place:
- Businesses shy way from borrowing from the bank
- (due to the loss of leverage or increased cost of borrowing when they do) Production Cost increases
- When production costs increase prices of finished goods increases
- the above leads to a decrease in demand for finished goods
- and ultimately Consumer spending goes down
Cheers
Answer:
Euphoria produces 12 million bushels of corn and 16 million pairs of jeans
Euphoria's opportunity cost of producing 1 bushel of corn is 1/4 pair of jeans
Euphoria's opportunity cost of producing 1 pair of jeans is 4 bushels of corn
Euphoria will produce only jeans, total production 64 million pairs of jeans. The total production of jeans between the two countries increased by 12 million per week.
Contente produces 6 million bushels of corn and 36 million pairs of jeans
Contente's opportunity cost of producing 1 bushel of corn is 1/2 pair of jeans
Contente's opportunity cost of producing 1 pair of jeans is 1/2 bushels of corn
Contente will produce only corn, total production 24 million bushels.
The total production of corn between the two countries increased by 6 million bushels.
Contente trades 14 million bushels of corn for 42 million pairs of jeans from Euphoria:
- Contente's gain = 42 - (14 x 1/2 = 7) = 35 million pairs of jeans
- Euphoria's gain = 14 - (42 x 1/4 = 10.5) = 3.5 million bushels of corn
Consumption with or without trade:
- Contente ⇒ with trade 10 million bushels of corn and 42 million pairs of jeans. Without trade 6 million bushels of corn and 36 million pairs of jeans. Total gain = 4 million bushels of corn and 6 million pairs of jeans.
- Euphoria ⇒ with trade 14 million bushels of corn and 22 million pairs of jeans. Without trade 12 million bushels of corn and 16 million pairs of jeans. Total gain = 2 million bushels of corn and 6 million pairs of jeans.
Answer:
1. <u>Average variable rate</u>
a. Food and wages = Food and wages expenses/ Total revenue = 155000/650000 = 0.2385 times
b. Delivery cost= Total delivery expenses/Number of mile driven = 22950/9000 = $2.5500/mile
c. Other cost = Total other expenses/ Number of items =260/20 = $13/item
2. Total cost = Total Fixed cost + Total Variable cost
= 265000 + [0.2385(a) + 2.55(b) + 13(c). a=Sales revenue, b=Number of miles driven, c=Number of items
3. If any new item is added to the menu then only the Variable expenses incurred will increase, fixed assets will remain constant. So, the total cost will go up the sum effect of 0.2385 times of revenue, $2.55 of per kilo meter driven for delivery and $13 of other charges for per item on menu.
Answer and Explanation:
The computation is shown below:
a. For the cash paid
= Opening balance of account payable + total purchase - ending balance
= $169,000 + $298,000 - $141,000
= $326,000
b. The sale amount on account should be equivalent to the ending balance of account receivable i.e. $106,000
c. The beginning cash balance is
Closing cash balance = beginning cash balance + cash receipts - cash disbursements
$27,100 = Beginning cash balance + $119,500 - $120,150
So, the beginning cash balance is $27,750
The code of conduct provides guidance to employees on difficult ethical questions pertaining to the business.
