In the context of business management, the purpose of budgeting includes the following three aspects:
•A forecast of income and expenditure (and thereby profitability)
•A tool for decision making
•A means to monitor business performance
Answer: B. producers typically enter a developing ecosystem before consumers.
Explanation: Succession can be described as the series of predictable changes that occur in a community over time.
During the process of Succession,producers typically enter a developing ecosystem before consumers.
Consumers need producers, this is because producers create food for themselves and also provide energy for the rest of the ecosystem.
Answer:
increase his consumption of product Y and decrease his consumption of product X
Explanation:
Base on the scenario been described in the question, Oscar make purchase of a X product which he already has, which after consuming has a 10 utils costing him $5, he also purchase another product Y he which after consuming has 8 until costing, this suggest that Oscar reduce his consumption on X and increase his consumption on Y according to the equal marginal principle.
The equal marginal principle talks about the behavior of a consumer in sharing his available income within various goods and services. This law states that how a consumer distributes his money income within various goods to be able obtain maximum satisfaction.
Answer:
If volume reaches 500 units, net income will be: $715
Explanation:
When volume of sales was at 400 units:
Selling price per unit = Sales Revenue/400 = $1,600/400 = $4
Variable Cost per unit = Variable Cost/400 = $700/400 = $1.75
If volume reaches 500 units:
Total Sales Revenue = $4 x 500 = $2,000
Variable Cost = $1.75 x 500 = $875
Fixed Cost will not change = $410
Net income = Total Sales Revenue - Variable Cost - Fixed Cost = $2,000 - $875 - $410 = $715
Long-term: this is when you have a family and kids probably. You should still go on walks, hikes or runs. Stay in shape.
Mid-term: your about 25 ish during this time. You should still be very active while still in college or have a career already.
Short-term: you should still have a passion for a sport or hoppy. Stick to it. You may get a scholarship for that sport if your good
