Answer:
The answer is: General partnership
Explanation:
This type of company is created by two or more people that associate in a partnership to carry on a business. An agreement is made between partners (can be written or verbal) to set up the rules on how the partnership will operate. Usually partnership is terminable at will or at death or anyone involved. Their interests or assets can´t be sold without consent of the other partners.
Partnerships are usually considered to be private entities by their own (separate from the partners), so they can own property or sue someone else. They don´t provide liability protection to the partners, so each partner is liable for all debts of the partnership.
In the US, partnerships report their income to the IRS but are not taxed. Instead, individual partners are taxed based on their share of the profits or losses the partnership reported.
Amy's drive thru, a fast food facility, offers healthy and sustainably grown veggie and vegan fast food at higher prices than its competitors in the market and has a drive through and indoor seated casual dining operation. What strategy is Amy's drive thru using to gain competitive advantage?
Answer:
The answer is: Product Differentiation
Explanation:
This is a marketing strategy focused on differentiating your product from the competition. It highlights the good qualities of the products it sells: healthy, sustainably grown vegetables, vegan food. By highlighting its good qualities, Amy´s drive thru stands out from the rest of the competing restaurants.
This restaurant uses a vertical differentiation strategy because it highlights that it sells a better product (more healthy, etc.) and at the same time it costs more because it is a better product.
Which of the following is income that includes all changes in stockholders' equity during a period except those resulting from investments by stockholders and distributions to stockholders?
a. Net income.
b. Income from continuing operations.
c. Comprehensive income.
d. Sustainable income.
Answer:
c. Comprehensive income.
Explanation:
According to my research on different investment strategies, I can say that based on the information provided within the question the term being described is called Comprehensive Income. Like mentioned in the question this type of income includes all changes in equity during a period except those resulting from investments by owners of the stocks and distributions to those owners (dividends).
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Comprehensive income is the correct term for income that includes all changes in stockholders' equity during a period except those from stockholders' investments and distributions.
Explanation:The correct answer to the question is c. Comprehensive income. Comprehensive income includes all changes in equity during a period except for those resulting from investments by stockholders and distributions to stockholders. It incorporates items that are not included in the net income, such as unrealized gains and losses on certain types of investments, foreign currency translation adjustments, and certain pension adjustments that are recorded directly in equity, according to the accounting standards. These items are part of what is known as other comprehensive income (OCI), which is the difference between net income and comprehensive income.
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A company had purchased $10,000 of inventory in the month of January, took advantage of purchase discounts of $500, and paid $1000 to have the goods shipped to their factory. They paid $250 to insure the inventory against fire and spent $750 to store the inventory. The company did not return any of the inventory they purchased. What is the company's 'net purchases' for the month of January?
Answer:
The company's net purchases for the month of January is $11,500
Explanation:
Item description Amount ($)
Purchase price 10,000
Less: purchase discount -500
Add: purchasing related costs
Shipping costs +1,000
Fire insurance +250
Inventory storage costs +750
Net purchases 11,500
A construction company has built 30 houses so far this year at a total cost to the company of $7.5 million. If the company builds a 31st house, its total cost will increase to $7.76 million. Which of the following statements is correct?
a. For the first 30 houses, the average cost per house was $250,000.
b. The marginal cost of the 31st house, if it is built, will be $260,000.
c. If the company can experience a marginal benefit of $275,000 by building the 31st house, then the company should build it.
d. All of the above are correct.
Answer:
d. All of the above are correct
Explanation:
a. is correct bescause if we calculate the average cost for the first houses we find this:
[tex]\frac{7,500,000}{30}=250,000[/tex]
this agrees with the statement of option a.
b. The marginal cost is the variation in the total cost if an additional unit is produced.
The TC of producing 30 houses is 7,500,000 and the TC for 31 houses is 7,760,000
Now we just find the variation of producing that additional house by substracting the two costs
Cm= 7,760,000 - 7,500,000 = 260,000
c.
The marginal benefit is 275,000, the marginal cost is 260,000
The profit is then:
275,000 - 260,000 = 15,000
There is a profit of $15,000 product of building the 31st house
The three statements are correct so the answer is d.
The question is focused on understanding of average and marginal costs in a business situation. The first 30 houses cost an average of $250,000 each. The 31st house will cost an additional $260,000. If the marginal benefit for the 31st house exceeds this cost, it would be advantageous for the company to build it.
Explanation:The subject of this question is Mathematics, specifically, it is about financial calculations in a business context. To answer the question, first, let's find the average cost of the first 30 houses. By dividing the total cost of $7.5 million by 30, we get $250,000. So option a is correct. Then, the
marginal cost
of the 31st house is the difference between the total cost if 31 houses are built and the cost of 30 houses, which is $7.76 million - $7.5 million = $260,000. So option b is also correct. Lastly, if the
company
can get a
marginal
benefit of $275,000 from building the 31st house, which is greater than the marginal cost, then it would be financially sensible to build it. That validates option c. In conclusion, all the options a, b and c are correct, suggesting that the answer is d. All of the above.
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Suppose that there is a checkable deposit intoYourBank. Which of the following statements is an accurate description of the changes that occur at YourBank? A. The required reserves decrease by the amount of the deposit times the required reserve ratio. B. The required reserves increase by the amount of the deposit. C. The required reserves increase by the amount of the deposit times the required reserve ratio. D. The excess reserves increase by the amount of the deposit times the required reserve ratio.
Answer: Option (C) is correct.
Explanation:
The required reserves are the reserves that banks have to keep it with central bank. Required reserves are the fraction of Check-able deposits. The required reserves are determined by multiplying the deposited amount with the required reserve ratio.
Required reserves = Deposited amount × Required reserve ratio
Required reserve ratio is set by the central bank.
If the Fed engages in an open market sale with a bond dealer, the bond dealer's bank's transactions deposits liabilities will ________ and the money supply will ________.
a) increase; decrease
b) increase; increase
c) decrease; decrease
d) decrease; increase
Answer:
The correct answer is option c.
Explanation:
If the Federal bank sells securities to a bond dealer, the dealer will need to pay back the Fed. This will cause a reduction in the dealer's bank's transaction deposits liabilities.
A reduction in deposits liabilities will further cause a reduction in the total reserves of the bank. Consequently, it will cause a decrease in the money supply. In this way, the federal reserve bank can curb inflationary pressures.
Objectives of financial reporting to external investors and creditors include preparing information about all of the following except: Multiple Choice Information used to determine which products to produce. Information about economic resources, claims to those resources, and changes in both resources and claims. Information that is useful in assessing the amount, timing, and uncertainty of future cash flows. Information that is useful in making investment and credit decisions.
Answer:
Information used to determine which products to produce
Explanation:
Determination of products whose production is not yet decided is a managerial issue, and it is part of internal information that should be not delivered to external parties. Furthermore, this data usually is not accurate, so sharing outside would not be even recommended for this sole reason.
A production possibilities frontier (PPF) is
A. a curve showing the maximum attainable combinations of two products that may be produced with available resources and current technology.
B. a curve that shows the potential productive capabilities of the frontier (defined as the area outside of cities) of a developing economy.
C. a curve that illustrates the demand of two goods for the average consumer.
D. a curve showing the generally attainable combinations of two products that may be produced with all planned or potential, yet undeveloped technology.
Answer:
The correct answer is option A.
Explanation:
A production possibility curve or frontier is a curve concave to the origin. It shows the maximum attainable bundles of two goods that can be produced using the given resources and level of technology.
The curve has a concave shape because of increasing opportunity cost. With the limited resources, we need to sacrifice the production of one good if we want to increase the production of the other.
Gains are: a) Inflows from selling a product or service to a customer b) Increases in equity resulting from transfers of assets to the company from owners. c) Increases in equity from peripheral transactions of an entity d) None of these is correct.
Answer:
C) Increases in equity from peripheral transactions of an entity
Explanation:
A) Is the description of Revenue
B) Social capital increase
Final answer:
Gains are increases in equity from peripheral transactions of an entity, differentiating them from revenue, which comes from core business operations.
Explanation:
The correct answer to the question is option c) Increases in equity from peripheral transactions of an entity. Gains are distinct from revenue, which is the income from the company's core business activities. Revenue is generated from selling products or services that are the primary operations of the business. On the other hand, gains are recognized from transactions that are not part of the core business activities, such as selling an asset for more than its carrying amount. These gains lead to an increase in equity but are considered peripheral or incidental to the main business.
Options a) and b) describe revenue generation and contributions from owners to the business respectively, neither of which correctly defines gains. It's crucial in accounting to differentiate between regular operational income (revenue) and gains from non-operational sources as it affects the analysis of a company's financial health and performance.
Suppose that convection ovens are a normal good. Suppose that the income of households decrease, while at the same time there is a reduction in the cost of inputs for convection ovens. We would expect that the new equilibrium price of convection ovens will ________ while the new equilibrium quantity of convection ovens will ________.
Answer:
The correct answer is: increase, depend on the extent of change in demand and supply.
Explanation:
Suppose that the convection ovens are a normal good. A decrease in the income of the households will cause the demand for ovens to decrease. This will cause the demand curve to move to the left.
At the same time, a reduction in the cost of inputs for convection ovens will cause the cost of production to decline. As the cost of production gets reduced the supply will increase. This will cause the supply curve to shift to the right.
These changes in the demand and supply curve will cause a reduction in the equilibrium price level. Though the change in equilibrium quantity will depend upon the extent of change in demand and supply.
The new equilibrium price of convection ovens will be ambiguous, as it depends on the relative shifts in supply and demand. The new equilibrium quantity will likely increase due to the reduction in input costs leading to an increased supply, despite the decrease in demand.
If convection ovens are a normal good and household income decreases, we would expect the demand for convection ovens to decrease. This would normally lead to a lower equilibrium price. However, at the same time, there is also a reduction in the cost of inputs for convection ovens, which would lead to an increase in supply. An increase in supply, all else unchanged, leads to a lower equilibrium price and an increased quantity demanded.
Given these two effects, the new equilibrium price of convection ovens will be ambiguous; it could increase, decrease, or stay the same, depending on the relative magnitude of the demand decline and supply increase. The new equilibrium quantity of convection ovens will likely increase because the effect of increased supply (due to reduced input costs) on quantity is unambiguous, although the decrease in demand could partially offset this increase.
Claire and Don are farmers who produce beef and corn. In a year, Claire can produce 20 tons of beef or 100 bushels of corn. In a year, Don can produce 40 tons of beef or 240 bushels of corn.. To maximize their total output of beef and corn _______.
Answer:
Claire produces beef and Dag produces corn
Explanation:
Based on the information provided within the question I think it is safe to say that in order to maximize their total output Claire produces beef and Dag produces corn. This is because Claire's beef to corn ratio is 1:5 while Dag's is 1:6 therefore Claire's beef production is more efficient than Dag's, while Dag's corn production is more efficient than Claire's. Which is why each one should focus on what they are best at.
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Final answer:
To maximize their total output of beef and corn, Claire and Don should specialize in producing the goods in which they have a comparative advantage; Claire in beef and Don in corn, based on the concept of opportunity cost.
Explanation:
The question "Claire and Don are farmers who produce beef and corn. In a year, Claire can produce 20 tons of beef or 100 bushels of corn. In a year, Don can produce 40 tons of beef or 240 bushels of corn. To maximize their total output of beef and corn" touches upon the economic principle of comparative advantage and specialization. To maximize their total output, Claire and Don should specialize in producing the good in which they have a comparative advantage. Comparative advantage is determined by who has the lower opportunity cost in production of a good.
Claire has the opportunity cost of producing beef as 5 bushels of corn (100/20), and Don's is 6 bushels of corn (240/40). Thus, Claire has a comparative advantage in beef production. For corn, Claire sacrifices 0.2 tons of beef for every bushel of corn (20/100), and Don sacrifices 0.1667 tons of beef (40/240), meaning Don has a comparative advantage in corn production. Therefore, to maximize their total output, Claire should specialize in beef production and Don in corn production.
When a business asks "What business are we in?" they are: a. conducting an environmental analysis. b. defining their business mission. c. writing a marketing plan. d. determining how many SBUs to create.
Answer:
B. Defining their business mission.
If a bank has $100 in cash in its vault, $2,000 in loans to customers, and $400 in deposits at the Federal Reserve, then the bank's reserves are: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices
$100.
$400.
$500.
$2,500.
Answer:
$500
Explanation:
A bank's reserves refer to the sum of the amount of cash physically held by the bank, and deposits held in the bank's account with the Federal Reserve.
In our case therefore,
Cash held by bank = $100
Cash held by Federal Reserve =$400
Total = $100 + $400 = $ 500
Investment bankers who join together to share the financial risk associated with buying an entire issue of new securities and reselling them to the public is called a(n)A) selling group.B) tombstone group.C) underwriting syndicate.D) primary market group.
Answer:
C.
Explanation:
Syndicate is a group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter.
The issuing firm may decide that several underwriters are needed to underwrite the equity.
The size of the syndicate varies.
The primary underwriter is designated the Lead underwriter.
The lead underwriter allocates portions of the offering to syndicate members.
Syndicate members may be lead underwriters on other offerings, so the relationships are frequently based on equal stature in terms of mutual respect.
Brooke Monroe, the Vice President of Manufacturing for Diacon Products has made a strong argument for the company to enter foreign markets via turnkey projects. However, the company's Chief Financial Officer, Nandu Kishore argues that turnkey projects being short-term propositions could be disadvantageous for the firm if a country subsequently proves to be a major market for the output of the process that has been exported. Brooke Monroe could counter this objection by arguing that Diacon Products can get around this problem by
Answer:
The answer is: If the new market proves to be big enough for Diacon Products (DP) to enter, they can always build a new facility for themselves.
Explanation:
Unless prohibited in the contract, DP will always be able to build new factories or facilities in the new markets they just entered. Their better know how on the production processes will always be an advantage for them.
For instance they might build a new cement factory in India. If India´s market for cement turns to be huge and DP decides to enter into it, of course they should be able to build a new cement plant for themselves. They will probably be able to set up the cement plant in a better way than before due to the experience they gained the first time.
Usually the worst thing to do is simply nothing. If they believe a market is so good for them to enter, then they should do it directly the first time. But if they are unsure, building a turnkey project for someone else is very good marketing research.
Brooke Monroe could counter this objection by arguing that Diacon Products can get around this problem by negotiating long-term service contracts or licensing agreements with the local firms in the foreign markets.
Brooke Monroe's argument for entering foreign markets through turnkey projects is based on the idea that such projects can provide immediate revenue and entry into new markets. However, Nandu Kishore's concern is valid as turnkey projects are typically short-term and may not provide sustained revenue streams if the market grows significantly after the project's completion.To address this concern, Brooke Monroe could propose that along with the turnkey project, Diacon Products should negotiate long-term service contracts or licensing agreements with the local firms. Here's how these strategies could mitigate the issue:
1. Long-term Service Contracts: By offering ongoing maintenance, support, and other services related to the turnkey project, Diacon Products can establish a continuous revenue stream. This would ensure that even after the initial project is completed, the company remains involved in the market, benefiting from the continued growth and demand for their expertise and services.
2. Licensing Agreements: Diacon Products could license the technology or process used in the turnkey project to the local firm. This would allow the local firm to continue producing the output, and Diacon Products would receive royalties or licensing fees. This approach ensures that Diacon Products can capitalize on the market's growth without having to manage the production facilities themselves.By implementing these strategies, Diacon Products can transform what would have been a short-term engagement into a long-term business relationship. This not only addresses the CFO's concerns about missing out on a major market but also positions the company to benefit from the market's potential over time.
Additionally, these approaches can help build strong local partnerships, enhance brand presence, and provide valuable market insights that can inform future business strategies.
To estimate the percentage of defects in a recent manufacturing batch, a quality control manager at Toyota selects every 19th car that comes off the assembly line starting with the ninth until she obtains a sample of 120 cars.
What type of sampling is used?
(a) Simple random
(b) Systematic
(c) Cluster
(d)Convenience
(e) Stratified
Answer: Systematic
Explanation: It refers to a method of sampling in which the samples are selected from a population randomly but as per a set criteria and defined interval. The interval is computed by dividing the population with the sample size needed.
In the given case, the quality manager starts taking sample on the on a fixed interval, that is, every 19th car after the ninth car.
Hence from the above we can conclude that the correct option is B.
If the Federal Reserve tightens the money supply, other things held constant, short-term interest rates will be pushed upward, and this increase will generally be greater than the increase in rates in the long-term market.
a) True
b) False
Answer:
The statement is true
Explanation:
Tightening monetary policy or curbing money supply in an economy is a move by Federal Reserve to control inflation or bring down over-heated economic growth.
Money supply is curbed by increasing short-term interest rates, thereby increasing cost of borrowing and making borrowing less attractive to public. This increase in short-term rates, also called Federal fund rates are usually greater than long-term interest rates prevailing in the market.
Point-of-purchase displays in grocery stores, coupons, premiums, and trial-size packages are most useful when the consumer is near the _____ stage of the AIDA model.
a. liking
b. awareness
c. action
d. preference
e. knowledge
Answer: (C) Actions
Explanation:
The AIDA model is basically refers to the longest serving model that is basically used in the field of marketing. It basically used to describe the sequence of the events that basically occur when the customer are completely aware about the services and products.
AIDA model basically stands for the awareness, interest, desire and the action. So many consumers are aware about the product brands and near to their action stage in the AIDA model. It is also known as sales promotion techniques.
Hydralicious, a juice outlet, had to stop its business as health inspectors found that the storage facilities at the outlet did not meet the standards set by the government. In this scenario, a(n) _____ factor affected Hydralicious's business.
Answer:
legal
Explanation:
According to my research on health inspection requirements, I can say that based on the information provided within the question In this scenario, a legal factor affected Hydralicious's business. This is because by the laws of the United States Government a business cannot legally continue to operate until it passes a full health inspection of the facilities and receives the approval by the qualified health inspector to continue operations. Therefore it is a legal matter.
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Which financial decision is this:
Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and the cost of equipment to buy.
Answer: Investment decision
Explanation: Investment decision refers to the financial decisions of an organisation that deals with the purchase of long term assets. It focuses on what type of asset should be procured by the organisation that suits the current needs.
In the given case, Radford is trying to decide what kind of of equipment to buy and how much to spend.
Thus, it is an example of investment decision.
Jane always finishes the work assigned to her before her team members. Her performance never dropped even when she was working on different projects with different teams. In the context of scientific management, Jane can be considered a(n) _____.
Answer: Rate buster
Explanation: Those employees that exceed their performance level beyond the agreed formal rate are called rate buster in scientific management. These are the workers who use their maximum ability while performing a job.
In the given case, Jane performs superior than her fellows even in case of difficult situations.
Hence, from the above we can conclude that Jane should be considered as a rate buster.
Jane can be considered a highly efficient worker in the context of scientific management, which emphasizes optimizing work processes to increase productivity according to Frederick W. Taylor's principles.
Explanation:Jane always finishes the work assigned to her before her team members and maintains consistent performance across various projects and teams. In the context of scientific management, Jane can be considered a highly efficient worker, embodying the principles of Frederick W. Taylor's scientific management. Taylor's methodology focused on analyzing and improving work processes through time-motion studies, and optimizing worker performance by designing tasks to increase efficiency, often at the cost of personal interaction and job satisfaction. Such workers were seen as cogs in a machine, with incentives provided to encourage productivity. Jane's ability to prioritize her tasks and work effectively, as indicated in her interactions with her supervisor, demonstrates her competence in a system driven by efficiency and precise management protocols.
At times, customers have an unexpected need and require certain departments, such as production, to change their schedule to meet the demands of the sales department. When Shannon, the vice president of marketing, inspires the production team to put in the extra effort, she is playing a(n) ________ role.
Answer:
leadership
Explanation:
According to my research on different business roles and responsibilities, I can say that based on the information provided within the question she is playing a leadership role. This can be said because leading is defined as the act of motivating employees to achieve organizational goals. Since Shannon inspired the production team we can say that she was leading them, which is the role of leadership.
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Shannon, the vice president of marketing, is playing a leadership role when she inspires the production team to put in extra effort and change their schedule to meet the demands of the sales department.
Explanation:Shannon, the vice president of marketing, is playing a leadership role when she inspires the production team to put in extra effort and change their schedule to meet the demands of the sales department. This involves influencing and motivating the team to align with the needs of the sales department, which requires leadership skills.
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Which of the following would NOT be considered an investment in human capital?
A
obtaining a college degree
B
purchasing a new computer
C
attending a first-aid class
D
paying for cooking lessons
Answer:
B: Purchasing a new computer
Explanation:
Investing your money in a new computer does not teach you new skills so it would not be counted as an investment in human capital. Obtaining a college degree, attending a first-aid class, and paying for cooking lessons enhances your creativity and skills so they are the perfect examples of investments in human capital. Moreover, one of the major characteristics of investing in human capital is that they are intangible so that's another reason why purchasing a new computer cannot be categorized as an investment in human capital.
Which resource management task enables resource coordination throughout the incident? A. Order and Acquire B. Demobilize C. Reimburse and Restock D. Track and Report
Answer:
D. Track and Report
Explanation:
The resource management task which enables the resource coordination throughout incident is Track and Report.
Resource tracking is standardized as well as integrated process which is conducted to:
Help the staff so to prepare to receive the resources. Provide clear picture of where the resources are located. Enable the resource coordination and the movement. Protect safety and security of the personnel and supplies.
In resource management, the task of 'Track and Report' facilitates resource coordination throughout an incident by keeping a record of resource handling and usage, and informing all concerned parties about it.
Explanation:The resource management task that enables resource coordination throughout an incident is Track and Report. This element of resource management involves keeping a record of the resources at hand and their usage, as well as providing regular updates about their status to all relevant parties. This ongoing process aids resource coordination as it ensures that stakeholders are aware of the resources' whereabouts and availability at all times, thereby facilitating better scheduling, allocation, and usage of resources. Contrarily, order and acquire is about obtaining resources, Demobilize involves releasing resources when they're no longer required, and Reimburse and Restock is about replenishing used resources.
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According to the United Nations, there were roughly 300 million humans on the planet 1,000 years ago.
Essentially all of them were poor by modern standards: They lacked antibiotics, almost all lacked indoor
plumbing, and none traveled faster than a horse or a river could carry them. Today, between 1 billion and 3
billion humans (out of about 7 billion total humans) are poor. So, over the last 1,000 years, what has
happened to the fraction of humans who are poor?
a. It rose.
b. It fell.
c. It stayed about the same.
d. The answer is impossible to determine from the given information.
Answer:
d) The answer is impossible to determine from the given information
Explanation:
One might think that the correct answer is the b) it rose. However, you should consider that the statement is comparing the lifestyle of humans 1000 years ago with modern standards of poverty. Which is not entirely correct, since 1000 years ago antibiotics had not been discovered, nor had processes developed to purify water, much less invented means of transport such as train or cars. It is possible that 1000 years ago, lacking these comforts wasn't an indicator of poverty as it is today, basically because at that time in history those things didn't exist.
Canada goes to considerable lengths to protect its television program and magazine producers from U.S. competitors. The United States often seeks protection from food imports from Canada. From an economywide viewpoint, these efforts are misguided because the enhanced output from specialization based upon comparative advantage is restricted. Specialization and comparative advantage
A.lead to greater productivity.
B.lead to greater output even if you can do everything better than someone else.
C.lead to international trade and overall gains for the nations involved.
D.All of the above
Answer:
D. All the Above
Explanation:
A. Lead to greater productivity
This is true because through specialization and competitive advantages you can achieve greater productivity in the production of goods and services. If you have a competitive advantage, it is because you have more capital, infrastructure and specialized human capital in the production of a specific type of good or service so that a greater amount of that good can be produced than another country in the same time.
B. Lead to greater output even if you can do everything better than someone else.
This is true since although a country has a competitive advantage in all industries, concentrating its labor and capital in the production of the good or service in which it has the greatest competitive advantage will allow a higher level of production in that sole good/service than if he divided his resources into the production of other goods and services.
C. Lead to international trade and overall gains for the nations involved.
This point, despite being true, is debatable. In theory, international trade allows to reach greater levels of wealth to the countries involved by being able to exchange the goods in which they have competitive advantage for others that if they were produced in the country they would consume part of their resources by not having such high productivity as if it will trade with a country that does have the capacity to produce it.
Having this clear, we can say that all of the above are true, so the answer is D.
_______________ is an approach that starts by investigating the general data and information needs of an organization at the strategic level and then examines more specific data and information needs for the functional areas and departments within the organization.
Answer:
The answer is Enterprise data modeling.
Explanation:
Enteprise data modeling is a component of data architecture, with subject, conceptual and enterprise logical models based on business concepts and requirements.
To define the subject area model, it is important to identify the key concepts for business expressed as singular nouns, there must be no more than 20 subjects, and they must no be functiones.
To define the enterprise logical data model, you should describe in detail the entities found, and related entities needed to complete the description.
A company sold merchandise with a cost of $213 for $440 on account. The seller uses the perpetual inventory system. The entry to record the cost of merchandise sold would include ________.
Answer:
Explanation:
The journal entry for recording the cost of merchandise sold is shown below:
Cost of goods sold A/c Dr $213
To Merchandise Inventory A/c $213
(Being cost of merchandise inventory is recorded)
In this question, we record the cost, not the sale value. That's why we consider $213, not $440 amount
It costs Calient Company $46 per unit ($27 variable and $19 fixed) to produce its product, which normally sells for $58 per unit. A Brazilian wholesaler offers to purchase 5,000 units at $36 each. Client would incur special shipping costs of $5 per unit if the order were accepted. Galiente has sufficient unused capacity to produce the 5,000 units. If the special order is accepted, what will be the effect on net income?
Answer:
The effect on net income will be $25,000, meaning the company will lose $25,000.
Explanation:
The Wholesaler offers = 5000×$36
= $180,000
Special shipping cost = 5000×$5
= $25,000
but the actual cost per unit = 5000×$46
= $230,000
The effect on the net income = $230,000 - $180,000 - $25,000
= $25,000
Therefore, the effect on net income will be $25,000. this means the company will lose $25,000.
A toll of $1 per car is imposed on a road regardless of time of day. If the toll creates equilibrium travel flows at the busiest time of day, it will create a __________ at all other times.
Answer:
[tex]surplus[/tex] [tex]of[/tex] [tex]space[/tex]
Explanation:
Surplus of space definition - a more amount of something that was required.
This could fit into the blank