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3 years ago

5) Devid Recardo proposed the theory of comparative cost in

1 answer:

4 0

Answer: D) 1817

David Ricardo development the theory of comparative cost in 1817 to explain why countries engaged in international trade.

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Marquez, the hotel manager, knows that the number of guests at his hotel has significantly decreased. Therefore, corporate has m

DiKsa [7]

Answer:

The correct answer is d. resource allocator.

Explanation:

One of its most obvious roles, since it includes functions related to the distribution of human and material resources in the company. Related to it would be incentive management, task planning and time spent on them, project management and authorizations.

4 0

4 years ago

Assume lawyer services are priced by the hour and elasticity of demand for a particular lawyer is 0.6. If she were to increase h

Dmitry [639]

Answer:

C. Fall, 30%, Rise

Explanation:

Price Elasticity of Demand is responsive change in demand, due to change in price.

P.Ed = % change in demand / % change in price.

Given : Price rise by 50% , P.Ed = 0.6

So, % change in demand = P.ed x % change in price

% change in demand = 0.6 (50)

% change in demand = 30%

Law of demand states negative relationship between price & demand, so P.ed is negative. Price rise 50% reduces demand by 30%.

P.Ed can be : Elastic ( > 1 ), or Inelastic ( < 1 ). If P.Ed is Elastic, price & total revenue are inversely related. If P.Ed is Inelastic, price & total revenue are directly related.

So, Given PEd = 0.6 (i.e < 1 ) : Inelastic Demand implies price & total revenue are directly related related to each other. So, price fall lead to TR fall & price rise lead to TR rise.

6 0

3 years ago

True or false: Individuals have social responsibilities regarding their ethical behavior in the business world.

gogolik [260]

The statement that individuals have social responsibilities regarding their ethical behavior in the business world is True.

This is because, individuals Social responsibility have a way if affecting the ethical behavior, in business and society as a whole.

<h3>What is Social responsibility?</h3>

Social responsibility can be explained as a responsibility of individuals as well as companies as regards their duty in order to act in the best interests of the society.

Learn more about Social responsibility at:

brainly.com/question/1594159

8 0

3 years ago

Morocco desk co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to reco

Natali [406]

Answer:

Option (a) is correct.

Explanation:

Given that,

Lumber purchased = 6,000 feet

Cost per foot (actual price) = $6

Standard price for direct materials = $5

Cost of purchasing material:

= Quantity of lumber purchased × Price per foot

= 6,000 × $6

= $36,000

Direct materials price variance:

= (Standard Price - Actual Price) × Actual Quantity purchased

= ($5 - $6) × 6,000

= $6,000 Unfavorable

Therefore, the journal entry is as follows:

Direct Materials A/c Dr. $30,000

Direct Materials Price Variance A/c Dr. $6,000

To Accounts Payable 36,000

(To record the purchase and unfavorable direct materials price variance)

7 0

3 years ago

SEND HELP PERSONAL FINANCE TIMED TEST

vodka [1.7K]

Answer:

are making a large purchase.

Explanation:

A mortgage is a long term debt. It takes at least five years to repay a mortgage. In practice, mortgages are issues for between 10 and 30 years.

Mortgages are ideal for purchases requiring a colossal amount of money. For example, the purchase of homes, land, plants, and equipment. The repayment of the amount borrowed to facilitate such purchases is spread over many years. This enables the borrower to repay the loan in affordable monthly installments.

4 0

3 years ago