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ICE Princess25 [194]
3 years ago
13

he _____________, fill in the blank, of an item is the amount the concession owner paid for the item plus the cost of paying con

cession stand workers to prepare and serve it.
Business
1 answer:
xenn [34]3 years ago
4 0

Answer:

Cost

Explanation:

The cost of an item represent the value in which the concession paid by the owner for the item. In addition to this, the concession cost would stand the workers to prepare and serve it

So according to the given situation, the cost would be considered and relevant too

So here in the place of the fill of the blanks the cost would come

You might be interested in
The purchase of capital goods, like ____ consumer goods, can be postponed; it tends to contribute to _____ in investment spendin
MrRissso [65]

Answer:

The correct answer is durable; instability.

Explanation:

The stock of capital goods in hand affects investment spending. If there are sufficient capital goods in hand, the purchase of more goods will be uneconomical.

Capital goods are durable so their purchase can be postponed just like durable consumer goods. But this makes changes in investment spending unpredictable and unstable.

6 0
4 years ago
Travers Company is contemplating the acceptance of a special order has the following unit cost behavior, based on 10,000 units (
nydimaria [60]

Answer:

The amount of the incremental income  from accepting the order is  $21,750 .

Explanation:

<u>Incremental analysis of Accepting Special Order</u>

Hint : Consider Incremental Amounts Only

Sales (2,000 units × $36)                      $72,000

Less Expenses

Direct Materials ($5  × 2,000)               ($10,000)

Direct Labor ($10  × 2,000)                  ($20,000)

Variable Overhead ($7 × 2,000)          ($14,000)

Special stamping machine                     ($6250)

Incremental income/ (loss)                    $21,750

Note : There is excess capacity of 3,000 units (10,000 units - 7,000 units) to meet the Special Order. Hence

Fixed Overheads will be the same whether or not the special order is accepted, hence they are not included in the analysis.

Conclusion :

The amount of the incremental income  from accepting the order is  $21,750 .

5 0
3 years ago
The intensive care unit lab process has an average turnaround time of 26.2 minutes and a standard deviation of 1.35 minutes. The
olga55 [171]

Answer: yes

Explanation:

Upper specification = 30 minutes

Lower specification = 20 minutes

Average service = 26.26minutes

Sigma= 1.35 minutes

7 0
3 years ago
There is a production possibilities frontier (PPF) that shows the combinations of goods X and Y that can be produced in the econ
erastova [34]

Answer:

B. shifts rightward, and the point at which the PPF touches the good-X axis has to be something more than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units

Explanation:

PPF is the graphical representation of two goods combinations which an economy can produce given resources & technology.

It is downward sloping because of two goods inverse relation given same resources & technology.

The points at which PPF touches both axis represents maximum amount of that axis good which can be produced by given resources & technology , Points on PPF reflect full efficient utilisation of resources. Points inside PPF reflect underutilisation of resources. Points outside PPF reflect unattainable combinations outside economy's productive capacity, given resources & technology unless either of them grow.

Resource increase usable for production of both goods: shifts the PPF outwards/ rightwards & the maximum potential production of both goods increases. PPF touching axis points increases from pervious at each axis - more than 40 at good X axis, more than 60 at Y axis.

7 0
4 years ago
A $45 billion reduction in taxes increases Real GDP by $130.5 billion. Assuming a constant price level, what does the tax multip
lord [1]

Answer:

Tax multiplier= 2,9

Explanation:

Tax multiplier represents the multiple by which gross domestic product (GDP) increases (decreases) in response to a decrease (increase) in taxes.

In the simple version of tax multiplier, it is assumed that any increase or decrease in tax affects consumption only (and has no effect on investment, government expenditures, etc.)

The formula is:

TMs=MPC/MPS=MPC/(1-MPC)

TMs= is the simple tax multiplier;

MPS= marginal propensity to save (MPS); and

MPC=  marginal propensity to consume.

In this exercise, we do not possess the required information to use the general formula.

We need to use an alternative formula:

Decrease in taxes= change in GDP/tax multiplier

tax multiplier= change in GDP/Decrease in taxes

tax multiplier= 130,5billion/45billion=2,9

7 0
3 years ago
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