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3 years ago

Explain how the U.S. economic system differs from the economic system in Cuba.

1 answer:

8 0

The economy of Cuba is a planned economy dominated by state-run enterprises. The government of Cuba owns and operates most industries and most of the labor force is employed by the st

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Selling price $220 per unit

kramer

Answer:

Net operating income= $207,500

Explanation:

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

First, we will determine the total unitary variable overhead:

total unitary variable overhead= 90 + 25= $115

Now, we can calculate the total contribution margin:

Total CM= 11,500*(220 - 115)

Total CM= $1,207,500

Finally, the net operating income:

Net operating income= 1,207,500 - 600,000 - 400,000

Net operating income= $207,500

6 0

3 years ago

A market demand curve shows Group of answer choices the sum of all prices that the individual buyers are willing and able to pay

Nutka1998 [239]

Answer:

the sum of all prices that the individual buyers are willing and able to pay for each possible quantity of the good.

Explanation:

Market demand refers to the sum of the individual demand for a commodity from all buyers in a given market.

A market demand curve is therefore a graph that shows the the sum of the individual demand for a commodity from all buyers in the market.

Therefore, the correction option is "the sum of all prices that the individual buyers are willing and able to pay for each possible quantity of the good".

Note that the market demand curve is a downward sloping curve due to the fact that there is a negative relationship between price and quantity demanded. That is, as price increases, the quantity demanded decreases. On the other hand, as price decreases, the quantity demanded increases.

Also note that an example of a market demand curve is given in the attached graph. From the graph, it can be seen that when price is $p_{0}$ , quantity demanded is $q_{0}$ . But when price falls to $p_{1}$ , quantity demanded increased to $q_{1}$ . This shows the negative relationship between price and quantity demanded as explained above.

6 0

3 years ago

Uplift, weathering, burial, and heating/melting can transform one rock type into another. B. All rocks in the Earth's crust will

melomori [17]

Answer:

b. All rocks in the Earth's crust will, at some point, be subducted and melted to create igneous rock.

Explanation:

There are 3 types of rock:

1. Igneous, wich are formed when 2 tectonic plates collide and magma goes to surface getting cold

2. Sedimentary: when many layers of preexistent rocks produce pressure and heat by weigth melting the rocks.

3. Metamorphic: a new rock is formed by chemical and/or physical reaction over preexistent rocks

Sedimentary and metamorphic would be subducted in order to produce new igneus rocks.

8 0

3 years ago

Santana, Inc. reports the following liabilities (in thousands) on its January 31, 2014, balance sheet and notes to the financial

deff fn [24]

Answer:

$22,577.1

Explanation:

SANTANA INC.Balance Sheet (Partial)January 31, 2014

Current liabilitiesNotes payable $2,563.6

Accounts payable $4,263.9

Current portion of mortgage payable $1992.2

Warranty liability $1,417.3

Unearned rent revenue $1,058.1

Salaries and wages payable $858.1

Income taxes payable $265.2

Total current liabilities $12,418.4

Long-term liabilitiesMortgage payable$6,746.7

Bonds payable $1,961.2

Accrued pension liability$1,115.2

Notes payable $335.6

Total long-term liabilities $10,158.7

Total liabilities $22,577.1

($12,418.4 +$10,158.7)

3 0

3 years ago

Which one of the following is a concern expressed by suppliers in JIT partnerships?

iris [78.8K]

Answer: c) having limited ability to respond to changes in product and quality

Explanation:

JIT or Just In Time is a system that eliminates waste, reduces the time of production and improves product quality by focusing on customers' wants and having as little lag as possible between order to delivery time.

It is based on rapid throughput, inventory is purchased in discrete quantities as at when needed and production is carried out based on customers' orders or what is believed will be sold. This system does not leave room for any variances in product or quality.

7 0

4 years ago