Answer:
The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. Points on the interior of the P PC are inefficient, points on the P PC are efficient, and points beyond the PPC are unattainable
Explanation:
<u>Calculation of the cost of goods sold (cogs) for the month;</u>
It is given that Cafe x bought 20,000 cups for $1,400 when they opened for business last month. At the end of the month, they had 8,000 cups left. It means the Cups sold are (20,000-8000) = 12,000 cups
And the Cost of 12,000 cups sold shall be $1400*12000/20000 = $840
Hence the cost of goods sold (cogs) for the month is <u>$840.</u>
So they are more likely to find where they are in that career oath
Answer:
Differential competitive advantage.
Explanation:
A differential competitive advantage can be defined as the advantages or edge that a business or company gains as a result of providing (offering) superior goods and services that are unique, cheaper and different from that of its rivals in the same industry.
Some of the factors that enhances or contributes to differential competitive advantage that a company has over its rivals include patent, new technology, experienced employees, professionals or experts, brand identity etc.
Hence, a firm with a differential competitive advantage has its ability to provide a unique product or service that offers something of value to buyers besides simply a lower price.
An example of a company with differential competitive advantage in the mobile market is Apple Inc. through the production of iPhone.
The financial statements of the Darlington Company report net sales of $500,000 and accounts receivable of $40,000 and $20,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Darlington?
