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Shtirlitz [24]
3 years ago
15

What is time consuming in business communities​

Business
1 answer:
liubo4ka [24]3 years ago
6 0

Answer: budgeting the money and buying the resources

Explanation:

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A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive market equilib
AfilCa [17]

Answer:

The correct answer is  D. does not increase the amount of the product that consumers buy because it creates a shortage.

Explanation:

If a market is defined by the following demand and supply functions. The balance or price that reflects the coincidence in valuation of the good of consumers and producers, would occur at the intersection between both functions.

When the State intends to supplant market activity in the allocation of goods and services, it can do so through a policy of maximum and minimum prices.

If it is considered appropriate that a given price is less accessible than what would take place in the market, it will establish a maximum price, above which no company can sell. When this occurs, we can graphically appreciate how at that price the quantity demanded is greater than that offered, thus generating an excess of demand that leads to the shortage of the good. In this context, some mechanism will be developed that allows rationing the offer (long lines, different criteria such as age, economic level, etc.) This being, land paid for the appearance of the “black market”.

Another type of price control is the establishment of a minimum price. This system has been used frequently in agricultural markets, when the State has sought to prevent farmers' income from drastically reducing.

When a minimum price is established higher than what would take place in the market, the quantity offered exceeds the defendant, thus producing an excess supply. This excess supply will lead to an accumulation of production that will generate great inefficiency.

5 0
3 years ago
What is the one thing that is both a strength and a weakness for the rail industry?
34kurt

Answer:

Strength: It provided a faster way of travel

Weakness: It took forever and required a lot of manpower

Explanation:

5 0
3 years ago
Many workers in the Transportation and Logistics career cluster face danger because
nignag [31]

Answer:

a. they use heavy equipment and handle dangerous cargo and materials.

Explanation:

Workers in the transport and logistics careers operate heavy machinery, which subjects them to potential incidents and accidents that can cause severe bodily injuries or fatalities.

The workers move heavy and bulky leads. Their duties require them to lift, pull, or push the heavy cargo. They use ladders and other escalators to lift cargo to higher grounds. These acts pose the danger of falling or being knocked on by the load.

Transport and logistics workers handle hazardous chemicals and highly flammable substances.  The workers and their supervisors must ensure to abide by all safety regulations to stay safe in the workplace.

3 0
3 years ago
Read 2 more answers
1. Explain the link between scarcity and each of the following.<br>i. Choice, (2 marks)​
vagabundo [1.1K]
Scarcity means that resources are limited and because resources are scarce people must make choices
8 0
3 years ago
Plant-wide, department, and activity-cost rates. Acclaim Inc. makes two styles of trophies, basic and deluxe, and operates at ca
Elena L [17]

Answer:

Acclaim Inc.

                                         Basic Trophies     Deluxe Trophies

Budgeted unit cost:

a. using single-plant o/h rate   $17.60                  $28.80

b. using departmental rates    $17.42                  $29.16

c. using ABC                            $18.26                  $27.48

d. They show different costs because the overhead rates are based on different parameters.

I recommend ABC system.  It is more fair because the overhead rates are based on product line's activity usage instead of an arbitrary figure.

Explanation:

a) Data and Calculations:

                                         Basic Trophies     Deluxe Trophies        Total

Budgeted production               10,000                   5,000              15,000

Batches                                         200                        50                   250

                                         Basic Trophies     Deluxe Trophies        Total

Forming Department            $60,000              $35,000           $95,000

Direct manufacturing labor $30,000              $20,000           $50,000

Assembly

Direct materials                    $5,000                $10,000            $15,000

Direct manufacturing labor  15,000                  25,000             40,000

Total direct costs              $110,000                $90,000        $200,000

Overhead costs                  66,000                   54,000           120,000

Total production costs    $176,000               $144,000        $320,000

Budgeted production          10,000                    5,000

Budget unit costs               $17.60                  $28.80

Overhead rate

Total overhead/total direct costs = $120,000/$200,000 = $0.60

                                                             Basic        Deluxe        Total

                                                         Trophies    Trophies

Forming department:

Overhead costs Setup $48,000

General overhead        $32,000

Total overhead costs   $80,000

Overhead rate = $80,000/$145,000 = $552

 Assembly department

General overhead         $40,000/$55,000 = $0.727

                                         Basic Trophies     Deluxe Trophies        Total

Forming Department            $60,000              $35,000           $95,000

Direct manufacturing labor $30,000              $20,000           $50,000

Total direct costs                 $90,000              $55,000          $145,000

Overhead costs                     49,680                 30,360              80,040

Total departmental costs  $139,680               $85,360         $225,040

Assembly

Direct materials                    $5,000                $10,000            $15,000

Direct manufacturing labor  15,000                  25,000             40,000

Total direct costs               $20,000                $35,000          $55,000

Overhead costs                    14,540                   25,445            39,985

Total departmental costs  $34,540                $60,445          $94,985

Total production costs     $174,220               $145,805       $320,025

Budgeted production          10,000                    5,000

Budget unit costs               $17.42                  $29.16

                                         Basic Trophies     Deluxe Trophies        Total

Forming Department            $60,000              $35,000           $95,000

Direct manufacturing labor $30,000              $20,000           $50,000

Assembly

Direct materials                    $5,000                $10,000            $15,000

Direct manufacturing labor  15,000                  25,000             40,000

Total overhead allocated  $72,600                 $47,400        $120,000

Total production costs    $182,600                $137,400       $320,000

Budgeted production          10,000                    5,000

Budget unit costs                $18.26                  $27.48

Overhead costs allocation:

                                                            Basic        Deluxe        Total

                                                         Trophies    Trophies

Forming department:

Overhead costs Setup $48,000/250  $38,400  $9,600     $48,000

General overhead  $32,000/$50,000   19,200   12,800       32,000

Assembly department

General overhead $40,000/$40,000   15,000   25,000      40,000

Total overhead allocated                    $72,600 $47,400   $120,000

6 0
3 years ago
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