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2 years ago

How technological change affect retail business industry?

1 answer:

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Shopping in store can now be faster and more convenient through frictionless checkout experiences and automated stores, items can be delivered faster and cheaper through microfulfillment centers and the quality of customer experiences can be improved through robotics and immersive experiences.

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True or False: Without engaging in international trade, Freedonia and Lamponia would have been able to consume at the after-trad

solniwko [45]

"Without engaging in international trade, Freedonia and Lamponia would have been able to consume at the after-trade consumption bundles" is FALSE.

<u>Option:</u> B

<u>Explanation:</u>

Specialization refers to countries' propensity to focus in certain items they exchange for other commodities, rather than to manufacture all the consumer goods on their own. As the PPF production possibilities frontier displays that production is impractical, Freedonia and Lamponia had to engage in international trade.

Both countries are able to consume the goods they produce.When a country is skilled in manufacturing a good, it can manufacture this good at a lower cost of opportunity than its trading nation. For this comparative advantage, both countries benefit from competing and trading with one another.

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3 years ago

Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby

geniusboy [140]

Answer and Explanation:

The journal entry is shown below:

Overhead $4,700

Cost of goods sold $4,700

(Being overapplied overhead is closed)

Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense

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2 years ago

Commodity futures contracts can be bought and sold on the open market for which reason

timama [110]

Answer:

Futures contracts are derivatives. Their price is derived from one or more underlying assets. Due to their nature as commodities, a buyer can agree to purchase at a predetermined price; and a seller can agree to sell that quantity at the agreed-upon price.

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3 years ago

The restaurant's total cost is a mixed cost that depends on customers served. The restaurant's management uses the high-low meth

harina [27]

Answer:

$29,390

Explanation:

For computing the total cost first we have to determine the variable cost per customer and the fixed cost which is shown below:

Variable cost Per Customer is

= (High total cost - low total cost) ÷ (high number of customer served - low cost of customer served)

= ($28,934 - $28,241) ÷ (14,100 - 11,214)

= $0.24

Now

Fixed cost is

= High cost - (high number of customer served × variable cost per customer)

= 28,934 - (14,100 × 0.24)

= $25,550

So, the total cost for 16,000 customers is

= Fixed cost + variable cost

= $25,550 + (16,000 × $0.24)

= $29,390

7 0

3 years ago

How would you classify an employee who communicates effectively, listens to coworkers, and makes good decisions?

Lisa [10]

Superior interpersonal skills

8 0

3 years ago

Read 2 more answers