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lutik1710 [3]
4 years ago
8

Suppose Cho earns $625 per week working as work as a flight attendant for Flyaway Airlines. She uses $8 to buy a box of aspirin

at Pillmart Pharmacy. Pillmart Pharmacy pays Bob $200 per week to work the cash register. Bob uses $150 to purchase air travel to Hawaii from Flyaway Airlines. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Bob spends $150 to purchase air travel to Hawaii from Flyaway Airlines. Bob earns $200 per week working for Pillmart Pharmacy. Cho earns $625 per week working for Flyaway Airlines. Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply. The aspirin Cho receives Cho's labor The $200 per week Bob earns working for Pillmart Pharmacy The $150 Bob spends to purchase air travel to Hawaii from Flyaway Airlines
Business
1 answer:
lutik1710 [3]4 years ago
5 0

Answer:

Identify whether each of the following events in this scenario occurs in the factor market or the product market.

Suppose Cho earns $625 per week working as work as a flight attendant for Flyaway Airlines.

  • Factor market

She uses $8 to buy a box of aspirin at Pillmart Pharmacy.

  • Product market

Pillmart Pharmacy pays Bob $200 per week to work the cash register.

  • Factor market

Bob uses $150 to purchase air travel to Hawaii from Flyaway Airlines.

  • Product market

Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply.

  • Cho's labor
  • The $150 Bob spends to purchase air travel to Hawaii from Flyaway Airlines

Product markets basically refer to transactions involving goods and services purchased by consumers. Factor market involve factors of production, e.g. labor and capital.

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Which of the following is NOT true regarding globalization?
Alinara [238K]

Answer:

E) Export barriers may need to be imposed by the WTO to help regulate the actions of multinational companies.

Explanation:

The World Trade Organization's (WTO) whole purpose is to increase world trade, foster globalization and reduce trade barriers. As stated by the WTO itself <em>"The goal is to ensure that trade flows as smoothly, predictably and freely as possible."</em>

So the WTO will not impose any type of export or import barrier.

3 0
3 years ago
All of the following are material resources for Toyota Motor Company except a. money. b. paint. c. steel. d. tires. e. factory.
Elodia [21]

Answer:

correct option is a. money

Explanation:

solution

we know that Toyota Motor Corporation is a Japanese automotive manufacturer company

so they material resource are paint and steel and tire and factory etc

but not money because money is a financial resource not a material resource

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so here correct option is a. money

5 0
3 years ago
Read 2 more answers
Plyler Cabinets declared a dividend of $1.20 a share on May 15 to holders of record on Monday, June 1. The dividend is payable o
Vesnalui [34]

Answer:

The correct answer to the following question is that Sara will not receive any dividend income .

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4 0
3 years ago
The budget for the month of May was for 9,600 units at a direct materials cost of $21 per unit. Direct labor was budgeted at 30
Degger [83]

Answer: a) unfavorable direct labor price (rate) variance of $2,085.

Explanation:

The purpose of calculating variance is to see if a company is being efficient in it's production of goods and services or in it's general affairs. The variance is calculated by subtracting the actual amount that was used to do something from it's budgeted amount.

If the actual amount is higher then the Variance is said to be Unfavourable. The reverse holds true.

Calculating the Direct Labor price (rate) Variance will give us,

Direct Labor Price (rate) Variance = (Actual Price - Standard price)*Actual Hour

NB - Figures are given for 30 minutes so need to be converted.

Direct Labor Price (rate) Variance = (111,285/9,100 *2 - 115,200/9,600 * 2 ) * 9100/2

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Actual Price (rate) variance was higher than Standard Price (rate) variance which led to an Unfavourable balance of $2,085

3 0
3 years ago
If the minimum attractive rate of return is 7%, which alternative should be chosen assuming identical replacement (like kind exc
ira [324]

Answer:

The alternative that should be chosen assuming identical replacement is:

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Explanation:

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First Cost                           $5,000     $9,200

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Useful life, in years                4              8

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Annuity factor                   3.387          5.971

Present value of annuity $5,927.25 $11,046.35

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7 0
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