Answer: 10 bushels
Explanation:
If they produce 100 barrels of oil using 100 worker hours, it means that the number of work hours taken for 1 barrel is:
= 100 / 100
= 1 work hour
For bushels however, 1 worker hour produces:
= 25 / 100
= 0.25 bushels of corn
If 60 barrels of oil are produced, it means 60 worker hours were used which would leave 40 worker hours.
Bushels of corn produced is therefore:
= 40 * 0.25
= 10 bushels
Answer:
Mary has increased her data literacy skills that now allow her to access, interpret, summarize, and communicate data more effectively.
Explanation:
Data analysis is the process by which data is transformed in such a way that useful information can be extracted from it. Data analysis is a key skill that is needed in most business nowadays, for example; financial data can be very crucial in the planning, budgeting and execution of projects. The process of data analysis has been automated to take raw data and produce a result that can be readily consumed easily by humans in the form of charts and graphs. From this end result, conclusions can be drawn by data experts on what the results mean.
Experts in data analysis are therefor needed to adequately access, interpret, summarize and communicate data more effectively. These are skills that need to be learned for better overall quality of the data presentation. In general, the principals are referred to as data literacy skills. Data literacy can be defined as the ability of an individual to extract useful information from raw data.
<u>Answer:</u>
<em>They use non-price competition such as advertising
</em>
<em></em>
<u>Explanation:</u>
Monopolistic competition portrays an industry where numerous organizations offer items or administrations that are comparable, however not immaculate substitutes. Hindrances to section and exit in a monopolistic focused sector are low, and the choices of anybody firm don't legitimately influence those of its rivals. Monopolistic competition is firmly identified with the business technique of brand separation.
Monopolistic competition is a type of rivalry that portrays various ventures that are well-known to purchasers in their everyday lives. Models incorporate eateries, hair salons, attire, and buyer hardware.
Answer:
$267,000
Explanation:
When a company assesses that some of its receivables (due from customers who bought goods on account/credit) may not be collectible, the required entries are debit bad debt expense and credit allowance for bad debt.
The credit to allowance for bad debt is netted off the debit in accounts receivables to determine the net receivables in the balance sheet at the end of the period.
Hence Craft will show on its year-end balance sheet a net realizable value of its accounts receivable
= $295,000 - $28,000
= $267,000
Answer:
B. To enable rationing
Explanation:
<em>The purpose of price ceiling would be to enable rationing.</em>
A price ceiling represents an imposed price control over a product. It is the maximum amount a manufacturer or a supplier is allowed to charge for a product within an economy.
Price ceilings are imposed so as to ensure that prices of products remain within the range of an average consumer within a population and prevent excessive upward movement of prices.
<u>Price ceilings help in rationing. It ensures that an average consumer is not overcharged for products in as much as the manufacturer/suppliers get reasonable profit for their production.</u>
