Answer:
Should purchase or consume more Alpha than Beta.
Explanation:
Marginal utility per dollar spent can be calculated as,
Alpha = 30/5 = 6/$ spent
Beta = 40/10 = 4/$ spent
Therefore maximizing utility in a given budget constraint would be achieved by buying or consuming more of Alpha.
Answer:
See below
Explanation:
Given the above information, the average debtor days is computed as seen below.
= Total receivables / Credit sales × 365
Total receivables = $246,000
Credit sales $2,430,000
Then,
Average debtor days
= $246,000 / $2,430,000 × 365
= 36.95 days
Hence, it would take 36.95 days on the average for credit customers to pay off their debts during this past year
Answer:
The boss is correct.
Explanation:
Under Sarbanes-Oxley Act, a rules-based approach to corporate governance and reporting is used. It is based on the view that companies must be
required by law (or by some other form of compulsory regulation) to comply with established principles of good corporate governance.
Except in the instances of exceptions provided in the act, company has no choice than to comply regardless of the cost implication because non-compliance is punishable under the act. Sometimes, it is called tick box approach
This is contrary to what is obtainable in a principled-based approach where allowance is given for explanation in the event of possible con-compliance.
The correct answer is Laissez-faire.
Laissez faire is a style of leadership which uses hands-off approach by allowing the group to direct itself.
Laissez faire is termed as the economic system where there are free from intervention of government.
For example, tariffs, privileges, subsidies and regulations. It is a word which came from French to mean let it go.
By spreading the process of travel to allow faster 1 to 1/person to person business.
