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3 years ago

How much does ability determine success?

1 answer:

5 0

It takes a lot ability to determine success. Wanting success on what your doing takes skill and talent. You can't succeed on something that your not great at, unless a specific goal is just trying something once.

Ns if this is what you meant but I hope this helps you :)

-Wolfs

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Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-

Sindrei [870]

Sales = $12,000,000

Inventory Turnover ratio (old) = 3
Inventory Turnover ratio (new) = 7.5
Freed up Cash = ?
So, let’s find out the freed up cash
 We know level of inventory are calculated as follows;
Inventory = Sales Inventory turnover ratio
Calculating $ value of old inventory
 Inventory Old=$12,000.0003
 =$7.5,000,000
 Calculating $ value of New inventory
 Inventory New=$12,000,0075
 =$3,000,000
 The freed up cash would be=Old Inventory – New Inventory
 =$7.5,000,000 - $3,000,000
=$4.5,000,000

6 0

3 years ago

Read 2 more answers

Another term for trade balance

cestrela7 [59]

Answer:

Another term for trade balance would be trade deficit.

5 0

3 years ago

Read 2 more answers

Sam, a third-grader, really likes to look for interesting bugs with other people during recess. Each of Sam's friends offers to

andre [41]

Answer: 1. No.

2. Yes.

Explanation:

Price Discrimination is a pricing strategy where suppliers/producers or sellers sell a good to different people at different prices depending largely on their preference and/or capacity to pay for the commodity i.e, if you want it more, you are charged more.

1. Johnny did not like to play Hopscotch, so offering Suzie one day of Hopscotch for two days of bug hunting is fair and no price discrimination occured as he did not offer these terms to someone else who's game he did not like.

2. Sam knew that Johnny really liked playing Slaps so he leveraged on that and offered him more expensive terms so to speak than he did to Bill even though he liked playing the both games equally. This means that he charged Johnny more than Bill simply because Johnny liked and preferred his game alot which is Price discrimination.

4 0

3 years ago

Why does Joe's demand curve have a negative slope? Joe only has so much money; when other things get more expensive he must buy

AleksAgata [21]

Answer:

The answer is: He needs the price of coffee to go down to convince him to buy more.

Explanation:

A demand curve (almost) always has a negative slope. As a product gets more expensive, the amount of people willing to buy that product decreases. So if the product gets cheaper, the more people are willing to purchase it.

The opposite happens with the supply curve, as the price of a product increases, the more companies are willing to sell that product.

7 0

3 years ago

If the same number of units of good Y must be given up as each successive unit of good X is produced, then the PPF for these two

andrey2020 [161]

Answer:

PPF : Downward Sloping Straight Line

Explanation:

PPF is the locus of product combinations that an economy can produce, given resources & technology.

It is downward sloping : Because of inverse relationship between two goods- if one has to be increased other has to be decreased , because of same resources & technology.

Marginal Opportunity Cost (Slope of PPC): is ratio of a good sacrifised to gain each additional unit of the other good.

∆ Good sacrifised / ∆ Good gained

If this ratio is same i.e constant amount of a good is sacrifised to gain an additional amount of the other one , the slope of PPC is constant & it is a straight line

Eg : Good1 Good2 MOC [∆Good2/∆Good1]

0 20 _

10 10 -10/10 = -1 (10-20)/(10-0)

20 0 -10/10 = -1 (0-10)(/20-10)

So , same (1) good 2 is sacrifised to attain a good 1 each time.

However Generally: MOC is increasing , because of assumption that resources are unequally efficient in various goods production - shifting good from efficient to inefficient increases sacrifise each time. This makes PPC usually concave.

5 0

3 years ago