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Westkost [7]
3 years ago
9

A finance question that I need help with.

Business
1 answer:
dezoksy [38]3 years ago
7 0
The more demand the less of supply. The more supply the less demand I think. It can affect your job stability and income by the fact that if there is more demand the more hours you get and if you have a job where you get paid by the hour then you get payed more. It’s vice versa if there is less demand the less hours you get and the less you get payed. I think that’s right and I hope it helps. :)
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Which has a higher flow rate? 10 customers arriving over two hours or 10 customers arriving over three hours?
Tcecarenko [31]

The one that gives a higher flow rate is: 10 customers over 2 hours. The flow rate is 5 customers per hour.

Flow rate is defined as the number of flow units that pass through the business process per unit time.

The flow unit can be money, customers, products, parts, services, etc.

Example of flow rate is number of customers serviced per hour, number of parts produced per minute, etc.

From the definition, the flow rate can be expressed as:

             Flow rate = number of flow unit / time interval

There are 2 scenarios in the given problem.

  • Scenario 1:

Flow unit = 10 customers

Time interval = 2 hours

Hence, the flow rate in scenario 1 = 10/2 = 5 customers per hour

  • Scenario 2:

Flow unit = 10 customers

Time interval = 3 hours

Hence, the flow rate in scenario 2 = 10/3 = 3.33 customers per hour

By comparing the above scenarios, the one that gives higher flow rate is scenario 1, 10 customers over 2 hours.

Read more about flow rate here:

brainly.com/question/14896563

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4 0
2 years ago
Milano Gallery purchases the copyright on an oil painting for $300,000 on January 1, 2017. The copyright legally protects its ow
murzikaleks [220]

Answer and Explanation:

According to the situation, the solution of journal entries are as follows

1. Copyright Dr $300,000

             To Cash $300,000

(being the purchase of copyright is recorded)

Here, we debited the copyright as it increased the assets and credited the cash as it decreased the assets

2. Amortization expense Dr ($300,000 ÷ 12 years) $25,000

             To Accumulated amortization $25,000

(being the annual amortization is recorded)

Here we debited the amortization expense as it increased the expenses and credited the accumulated amortization as it decreased the assets

5 0
3 years ago
Alex just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down payment. He's decidin
kvv77 [185]

Answer:

1.  Medium of exchange, 2. Unit of Account and 3. Store of value

Explanation:

Please see attachment

4 0
3 years ago
Julie is 25 years old and living in an apartment. She is thinking about quitting her job and returning
sergeinik [125]

Answer:

Explanation:

Julie is 25 years old and living in an apartment. She is thinking about quitting her job and returning

to college. Consider the following costs: tuition, the cost of books and supplies and rent.

Rent is

A. not a cost associated with college

B. an explicit cost of attending college

C. an implicit cost of attending college

5 0
2 years ago
If maria gets 80 utils from consuming five​ cookies, 100 utils from consuming six​ cookies, and 120 utils from consuming seven​
Klio2033 [76]

Answer:

The correct answer is 20 Utils

Explanation:

Marginal utility is the change in the utility from an increase in the consumption of a good or service.

Example of Maria

Maria gets 80 utils from consuming 5 cookies

If Maria consumes 6 cookies, The Utils change from 80 to 100. <u>This difference of 20 is called marginal utility.</u>  (100-80=20)

3 0
3 years ago
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