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3 years ago

In 3-4 sentences describe how economic liberty helps water the "money tree" in a free enterprise.

Business

1 answer:

il63 [147K]3 years ago

6 0

Answer:

It helps giving you the ability to choose what you think is best for your business

Explanation:

Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).

What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.

Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?

That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.

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Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,

ella [17]

Answer:

a. $20.00

b. $28,75

Explanation:

Find the total incremental costs to satisfy the special order and add $2.00 profit (because we are aiming for a profit not to just break-even).

Calculation of Total Incremental Unit Costs

Direct materials $6 .00

Direct labor $4.00

Variable Overheads (2/3 × $9) $6.00

Shipping Cost $2.00

Total Incremental Unit Cost $18.00

Add Profit Element $2.00

Unit Selling Price for the Special Order $20.00

In this case no changes will occur on fixed overheads, hence it is irrelevant.

Calculation of Desired Net Operating Income

Sales ($28 × 160,000 units) $4,480,000

Less Product Costs :

Direct materials ($6 .00 × 160,000 units) ($960,000)

Direct labor ($4.00 × 160,000 units) ($640,000)

Variable Overheads ($6.00 × 160,000 units) ($960,000)

Fixed Overheads ($3.00 × 160,000 units) ($480,000)

Current Operating Income $1,440,000

Add Desired Increase in Operating Income $60,000

Desired Operating Income $1,500,000

Unit Profit = $1,500,000 ÷ 160,000 units

= $9.375

Unit Profit = Unit Selling Price - Total Unit Costs - Unit Incremental Profit

therefore,

Unit Selling Price = Unit Profit + Total Unit Costs + Unit Incremental Profit

= $9.375 + $19.00 + $0.375

= $28,75

5 0

3 years ago

"A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public cus

erica [24]

Answer: the Specialist/DMM has therefore guaranteed $25 to the trader.

Explanation:

A floor broker is simply referred to as an exchange independent member who acts as a broker for members who are being overloaded with orders

A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public customer. The Specialist (DMM) tells the trader "20,000 shares of ABC have been stopped at 25." This means that the Specialist/DMM has therefore guaranteed $25 to the trader

7 0

2 years ago

Mara Kay is a system analyst for a national department store. She was tasked to identify previously unknown relationships in the

kherson [118]

Answer: Data Mining

Explanation: Mara Kay tasked with identifying previously unknown relationships in the company's sales data. This is an indication that Mara Kay will be working with pre-existing company data.

Data Mining can therefore be defined as the examination of large pre-existing databases in order to discover/identify patterns that will be useful in generating new information.

Data Mining is also known as Knowledge Discovery in Databases.

Data Mining will not be complete if the results of the analysis are not used for future purposes, therefore, Mara Kay will use the results of her findings for future promotions.

5 0

3 years ago

When Disney acquired Marvel Comics on August 31, 2009, for $4.24 billion, management needed to determine whether there were oppo

zhannawk [14.2K]

Answer:

retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses.

Explanation:

When Disney purchased Marvel they were probably searching for synergy which means that their combined effort is larger than the addition of their individual efforts. Synergy is achieved through sharing resources and allocating them more effectively, not by separating the companies.

6 0

3 years ago

Which of the following considerations is not involved in developing a corporate strategy?

8_murik_8 [283]

Developing a staffing plan for the upcoming production period is the considerations is not involved in developing a corporate strategy.

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4 0

3 years ago