Answer:
e. agreed to pay millions to Mexico.
Explanation:
The Treaty of Guadalupe Hidalgo wan on 2 February 1848 between the US and the Mexican Republic. The official title of the treaty is the Treaty of Peace, Friendship, Limits and Settlement between the US and Mexico.
The major purpose of signing the Treaty was to bring an end to the Mexican–American War that lasted betweem 1846 and 1848). Mexico sought to end the war when its army was defeated and the its capital fell. The treaty was effective starting from 4 July 1848.
The provisions of the include: the US should pay US$15 million to Mexico; to pay up to US$5 million to the citizens of the US that had claims against Mexico; the Rio Grande was given to the US to serve as a boundary for Texas; it also gave California including expanse areas like half of New Mexico, Colorado, Utah and Navada.
Therefore, the only correct option in the question is e. agreed to pay millions to Mexico.
Answer: Having lower opportunity costs.
Explanation: Opportunity cost can be defined as the cost of next best alternative foregone. In this case, James is saving his money by taking work of a professional from a new recruit also he gets the opportunity to procure high quality materials which he was earlier not able to. Thus, he is saving a major portion of income because of a less costly alternative available.
Answer:
C) $4,000
Explanation:
To calculate economic profit we can use the following formula:
economic profit = total revenue - (accounting costs + implicit costs) = (total revenue - accounting cost) - implicit costs
where:
- accounting profit = total revenue - accounting cost = $50,000
- implicit costs: ($20,000 x 5%) + $45,000 = $1,000 + $45,000 = $46,000
economic profit = $50,000 - $46,000 = $4,000
Answer:
Variable cost= $42
Explanation:
Giving the following information:
Each unit is sold for $50
Direct material worth $30
Direct labor worth $5.
Manufacturing overhead cost is $10 per unit of which 70% is variable.
The incremental cost is the variable cost (there is available capacity)
Variable cost= direct material + direct labor + variable manufacturing overhead = 30 + 5 + (10*0.7)= $42
Answer:
Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.
Explanation:
