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GuDViN [60]
2 years ago
6

A 14-week construction activity requires a crane that rents for $1,000 per week and a crew of general laborers that costs $5,000

per week. In order to complete this activity within 10 weeks, you must hire additional general laborers at a cost of $2,000 per week. What is the slope for this activity?A) $0 per week.B) $1,000 per week.C) $2,000 per week.D) $6,000 per week.
Business
1 answer:
Helen [10]2 years ago
3 0

Answer: C) $2,000 per week.

Explanation:

The slope of the project refers to the additional amount that it would cost to be able to finish the project faster than schedule.

In the question, the construction activity is for 14 weeks at a rate of $5,000 for the laborers per week. If you wanted to reduce this project duration to 10 weeks, you will have to spend an additional $2,000 more per week.

This $2,000 is therefore the slope of the activity.

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Sue’s Jewelry sold 30 necklaces for $25 each to a credit customer. The invoice included a 6% sales tax and payment terms of 2/10
navik [9.2K]
The right answer for the question that is being asked and shown above is that: "<span>B. debit to Sales Returns and Allowances for $125.00. " </span>Five necklaceswere returned prior to payment. The entry to record the return would include a B. debit to Sales Returns and Allowances for $125.00. 
5 0
3 years ago
Lisa and mandy have a contract. mandy wants out of the contract; carla sue is willing to take mandyís place, which is satisfacto
worty [1.4K]
<span>This is a novation. In this case, Mandy is being replaced in her obligation with Carla Sue. The obligations that were present in the first contract will now all transfer to Carla Sue. The difference between a novation and an assignment is that all parties have to be aware of the transfer and have agreed to it beforehand.</span>
3 0
3 years ago
A company estimates that warranty expense will be 2% of sales. The company's sales for the current period are $176,000. The curr
erastovalidia [21]

Answer:

The answer is

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Warranty expense is a contingent liability and it is defined as liabilities that may be incurred by a firm or business depending on the outcome of an uncertain future circumstance.

Current sales = $176,000

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Therefore the period entry is

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8 0
3 years ago
For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to? adequate
harina [27]
3. For a perfectly competitive market to function properly, buyers and sellers must have access to adequate information. Adequate information is such information that the purchaser considers important for him. So the purchaser, company or investors should have an opportunity to get the information how it is.

4. Natural monopoly can be explained like the situation where one company can supply market's entire with some unique raw materials or technology. So there can't be more than one company which provides this material or technology. According to this, I think the answer is diamonds.

5. As far as I remember, oligopoly is a market that has a few firms dominating the market. That means there is a small competition as there are small number of buyers and sellers.

6. If my memory serves me well, economies of scale happen <span>when a firms' long run average costs decrease with output. So if there is no economies of scale, I'm pretty sure that costs go up.

7. I think that correct definition looks like this: Combination of two or more companies in a single firm is called a merger. Resources of both companies are pooled together, and the owners of each company remain owners. There are to types of merger entities:
-Horizontal integration - if the merged companies are competitors.
- Vertical integration - if the companies are supplier and customer.

8. I am definitely sure that the answer is: </span>Offering products of different tastes and shapes is an example of non-price competition. That means that the competing companies wouldn't challenge by lowering the prices. Every competitor will focus on highlighting benefits of their product, to show that their product is better than another one.

9. The controller of a monopoly sets the price of goods by charging the price at which the profit is maximized. Monopoly is a firm which has no competition, so they doesn't have to worry about losing their customers. Company can set monopoly price which is pretty much higher than products marginal cost. That allows company to have maximum profit.

10. Many critics argue that government efforts to regulate industries have caused inefficiencies. Inefficiency means that the company can't achieve enough productivity. This caused because of high taxes, bureaucracy and other factors.

11. This agreement is called price-fixing. Companies which have come to this conspiracy can't sell goods below fixed price. There are many way to fix price by setting the price high or low. That leaves customer no choice and makes him to buy product at the fixed price.

12. D<span>eregulating industries is not a method that the government uses to intervene and prevent firms from controlling the price and supply of important goods. Deregulation of industry means that government power in a particular industry is reduced. Deregulation removes barriers to competition.

13. I think, I'd go with this: </span><span>Price Fixing, Collusion, And Cartels. Oligopolies can arrange those three together and that lets them to charge prices like monopoly. Government stays sharp with oligopolies using this method.

14. I think it's obviously a start-up costs. Every business need money to set it up. But all of them are different and require different types of costs. So it would be appropriate to create a business plan that helps to consider different start-up costs for your business.

15. I'm 100% sure, that the answer is: C</span><span>ompared to a market with perfect competition, a monopoly often has higher prices and fewer goods. Monopoly usually provides unique raw materials and technologies. As I've mentioned before, monopoly has no competition and it lets company to charge high prices for their goods.

16. I think that the </span><span>lack of technological know-how can't prevent the company being competitive as there's not the most important factor in a particular business.

17. As far as I remember, efficiency is one of the main characteristics of competitive market, which could be achieved with minimum government intervention.

18. According to what I've mentioned above about oligopoly, correct answer should be: E</span>conomists usually call an industry an oligopoly if the four largest firms produce at least 70–80 percent of the output.

19. As I've mentioned it in question 6. total cost curve with economies of scale will decrease on the increasing output. But it refers to firms long run average total cost.

20. I'm definitely sure that the answer is: <span>It has reduced start-up costs for many businesses. Because with the Internet, there's no necessary to set up brick and mortar business. You can just build your business online by making a website. This is a huge economy.</span>
4 0
3 years ago
Read 2 more answers
Managerial decisions include all of the following except a.selling price. b.purchase of capital equipment. c.product costs. d.se
mylen [45]

Answer:

D) setting of capital stock prices.

Explanation:

Neither management nor the board of directors sets the price of the corporation's stock, the market does. You cannot impose a price to the market, even if you try to sell stock valued at par, the market may decide to purchase them at that amount, or not purchase any stock until the price decreases, or maybe the market loves your stocks and purchases the at an even higher price.

7 0
3 years ago
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