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Flura [38]
2 years ago
9

Read the text and answer the question.

Business
1 answer:
mel-nik [20]2 years ago
8 0

Answer:

1. Time is scarce so Trey must decide whether to buy the car as soon as possible or to keep his position on the team

2. Entrepreneurship

3. A supply truck

4. Josephine felt she could help students most by improving teachers' skills

5. Profit

6. The ability to produce goods at a lower price

7. Feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.

Explanation:

1. Trey should not take too long to make his decision as time is scarce. If he does, then the price of the car may fluctuate or someone else might end up buying it.

2. Janice is the one who came up with the idea of setting up the business and she is also the risk-taker here. For this reason, she represents entrepreneurship.

3. A supply truck is the capital for a construction company because it is used as an input to deliver the material.

4. Josephine identified the problem that teachers need to be taught better management skills for the sake of students' success.

5. Profit is one of the many major goals of business owners because that amount is used to pay for future business-related needs. It is also important because it keeps the business up and running.

6. Singapore offered lowered rates of production. Although other facilities are better in Michigan the cost of production will increase a lot. Therefore, the ability to produce goods at a lower cost is the opportunity cost.

7. Russel believes that studying extra will make his future bright than playing basketball. Also, the benefits of studying are more than the disadvantages of not playing basketball.

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Answer:

Consumption expenditure on durable goods

Explanation:

Consumption expenditure includes expenditure on goods which are used for final consumption by households. This can be further classified into,

i) Expenditure on durable goods that is goods that can be used over a longer life span such as cars, furniture, refrigerator, etc

ii) Expenditure on non-durable goods that are goods that have a short-life span and thus must be stored for a longer time such as food, clothing, etc

iii) Expenditure on services  such as banking, insurance, traveling, etc

Thus, purchase of a new car is included in consumption expenditure on durable goods.  

3 0
1 year ago
Fiori Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its averag
Dimas [21]

Answer:

$13.80

Explanation:

Variable costs:

Directmaterial cost                            $6.05

Direct labor                                        $3.05

Variable manufacturing overhead   $ 1.70

Variable manufacturing overhead  <u> $ 3.00 </u>

Total variable cost                           <u> $13.80 </u>

All the additional cost incurred to manufacture each extre unit will be incremental manufacturing cost of the 5,001th unit. So, the correct answer $13.80.

6 0
2 years ago
What is the total stockholders' equity based on the following account balances? Common Stock $500,000 Paid-In Capital in Excess
sladkih [1.3K]

Answer:

b.$700,000

Explanation:

The total stockholders' equity shall be determined thorugh the following mentioned formula:

Stockholders' equity=Common Stock+Paid-In Capital in Excess of Par+Retained Earnings-Treasury Stock

In this question

Common Stock=$500,000

Paid-In Capital in Excess of Par=$50,000

Retained Earnings=$190,000

Treasury Stock=$40,000

Stockholders' equity=$500,000+$50,000 +$190,000-$40,000

                                  =$700,000

So based on the above calculations, the answer shall be b.$700,000

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