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4 years ago

When there is a shortage, rationing is a method of distributing goods by using prices.

1 answer:

6 0

True, rationing is the selling of scarce goods or services in events such as war. Items are distributed in fairness to each citizen and they have to take a ration book to say what they have or haven't had and how much of it they have had.

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Compare Mr. Leeson's frequent career moves with that of a Japanese employee with a lifetime corporate loyalty. Comment on the ad

ivann1987 [24]

Answer:

The pros and Cons of Mr. Leeson's frequent career and the Japanese employee with a lifetime corporate loyalty can be summarized as follows:

Explanation:

Frequent career moves also known as Job hopping was initially viewed as a negative behavior that doesn't portray loyalty while Lifetime employment in one establishment seemed commendable.

However, in recent times, studies has shown that the premise above is not true. There are pros and cons for each of them.

PROS

Frequent career change promotes acquiring new skills, experiences and competences to handle complex tasks and lifetime corporate loyalty encourages specialization in one field.
Frequent Career Change fosters swift career development and advancement while lifetime corporate loyalty promotes internal advancement opportunities and promotional offers

CONS

Frequent career change does not portray a good image before employers and human resource experts, It can be viewed as poor work ethic while Lifetime corporate loyalty causes complacency and inhibits acquisition of career advancement skills.

5 0

4 years ago

At the beginning of 2015, bryers incorporated reports inventory of $6,500. during 2015, the company purchases additional invento

Kruka [31]

Cost of goods sold=
beginning inventory+purchase-ending inventory

cost of goods sold
=6,500+21,500−8,500
=19,500

5 0

4 years ago

Read 2 more answers

The Asian Garden, a local Thai restaurant, expects sales to be $ 285,000 in January. Its average customer restaurant bill is $

Alex_Xolod [135]

Answer:

a. How much of the total sales revenue is expected to be paid incash?

$855,000

b. How many customer transactions does the company expect inJanuary?

19,000

c. How much of the total sales revenue is expected to be paid with credit cards?

$171,000

d. How many customer transactions will be paid for by customers using creditcards?

11,400

e. When budgeting for January's operating expenses, how much should the restaurant expect to incur in credit card transactionfees?

$10,260

f. How much of the total sales revenue is expected to be paid with debit cards?

$57,000

g. How many customer transactions will be paid for by customers using debitcards?

3,800

h. When budgeting for January's operating expenses, how much should the restaurant expect to incur in debit card transactionfees?

$2,660

i. How much money will be deposited in the restaurant's bank account during the month of January related to credit and debit card sales? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant(there is no processing delay).

$215,080

j. What is the total amount of money that the restaurant expects to deposit in its bank account during the month of January from cash, credit card, and debit card sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs.

$272,080

Explanation:

total sales $285,000 / $15 = 19,000 customers

cash sales = $285,000 x 20% = $57,000
credit cards = $285,000 x 60% = $171,000
debit cards = $285,000 x 20% = $57,000

credit card fees = (11,400 x $0.60) + ($171,000 x 2%) = $10,260

debit card fees = (3,800 x $0.55) + ($57,000 x 1%) = $2,660

8 0

3 years ago

Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can

irinina [24]

Answer:

Option (a) is correct.

Explanation:

Alland can produce 32 units of food per person per year or 16 units of clothing per person per year:

Opportunity cost of producing a unit of food = (16 ÷ 32)

= 0.5 units of clothing

Opportunity cost of producing a unit of clothing = (32 ÷ 16)

= 2 units of food

Georgeland can produce 36 units of food per year or 18 units of clothing:

Opportunity cost of producing a unit of food = (18 ÷ 36)

= 0.5 units of clothing

Opportunity cost of producing a unit of clothing = (36 ÷ 18)

= 2 units of food

Therefore, the Georgeland has a absolute advantage in producing both the goods because it can produce more quantity of both the goods with the same resources as Alland. But the Georgeland has not having comparative advantage in producing either of the goods.

5 0

4 years ago

Evie wants her sister's cell phone. Her sister wants Evie's television. They come to an agreement that they will exchange these

Kryger [21]

An economist would BEST describe the scenario as : Barter system

<h3>What is a Barter system?</h3>

Barter system is when commodities are exchanged against commodities. It is an act of trading goods or services between two or more parties without the use of money.

This type of trading system is an old method of exchange practised for centuries and long before money was introduced.

Examples of barter system are :

Mangoes are exchanged for bananas.

Salt is exchanged for onion.
Shoes are exchanged for clothes.

Therefore, an economist would BEST describe the above scenario as barter system because both Evie and her sister exchanged their items of value between themselves.

Learn more about barter system here : https://brainly.in/question/1821688

5 0

3 years ago