All categories

3 years ago

A budget line shows the

Business

1 answer:

blagie [28]3 years ago

8 0

Answer: A budget line shows the quantities of goods a buyer can purchase with given income and prices.

Explanation: A budget line also known as a budget constraint can be defined as the value of exports to import ( for a state) or the value of expenditure to income (for an individual).

It basically explains the summary of intended expenditure with the capital and the prices.

You might be interested in

How is the American Disability Act important in the health field

Stels [109]

The Americans with Disability Act of 1990 (ADA) is a federal civil rights law that prohibits discrimination against individuals with disability in every day activities, including medical services. ... These statutes require medical care providers to make their services available in an accessible manner.

4 0

3 years ago

In economics, another term for satisfaction is marginal productivity. income elasticity. utility. price elasticity.

Feliz [49]

Answer:

Utility

Explanation:

Utility is an economic term used to represent satisfaction or happiness. Marginal utility is the incremental increase in utility that results from consumption of one additional unit.

3 0

3 years ago

After the delivery of the condominium documents in the TREC Residential Condominium Contract the buyer may terminate the contrac

sweet-ann [11.9K]

Answer:

The buyer would have a 12-day option to terminate the contract. Otherwise, he or she might not have any other option than to stick to the contract. (That is, the buyer will not have the unrestricted right to terminate the contract again.)

Explanation:

7 0

3 years ago

Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished g

snow_tiger [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory= 208,500 units.

Sales:

second quarter= 417,000 units

third quarter= 469,000 units

fourth quarter= 289,500 units.

Desired ending inventory= 50% of the next quarter's budgeted sales.

To calculate the production for each quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Second-quarter:

Sales= 417,000

Desired ending inventory= 0.5*469,000= 234,500

Beginning inventory= (208,500)

Total production= 443,000

Third-quarter:

Sales= 469,000

Desired ending inventory= 0.5*289,500= 144,750

Beginning inventory= (234,500)

Total production= 379,250

4 0

3 years ago

Relish Corp. is a famous fast food chain in the United States. However, increasing competition affects the company's market. Nic

Gwar [14]

Answer:

Participative leadership style

Explanation:

Path goal theory is a leadership theory that specifies the leadership style that should be used in an organization to achieve a goal based on the employees and the working environment. The following steps are to be taken based on the path goal theory:

Determine the employee and environmental uniqueness based on their needs.
Selecting a leadership style and adjusting this style based on the employees need.
Focusing on how to motivate the employee to achieve the goal

Participative leadership style is a style in which leaders involves their subordinates by asking them for suggestions before making a decision. This style is best used when subordinates are highly involved and trained.

8 0

3 years ago

Read 2 more answers