The main reason why McDonald's Inc. (MCD) is such a well-known firm throughout the world is due to the benefits it offers to customers.
Here are some benefits McDonalds provides to its customers-
1. A menu that is straightforward-
Dining at McDonald's may be quite the experience because the menus change frequently, creating an endless loop of alternatives that might be full of variety.
2. Delicious Burgers – One of the finest burgers in the world is served at McDonald's. This results from the high-quality bread they utilize and their "no-compromise" quality badge.
3. Customer service – Getting burgers has never been so simple thanks to the new drive-thru service and nice packaging.
If the food is packaged well, you can buy it from a drive-through and consume it anywhere you choose.
4. Reduced Prices- The most significant advantage is the cheaper and more reasonable prices. Because of its accessibility to all demographics, McDonalds is the market leader in this area.
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Deposits of $1,530 each were received for advance tour reservations from 10 school groups. At November 30, all of these
deposits have been earned.
Type the correct answer in the box. Spell all words correctly. Which option in a presentation program contains the formatting and placeholders for all of the items that appear on a slide? The ____ option contains the formatting and placeholders for all of the items that appear on a slide.
The "Slide Master option contains the formatting and placeholders for all of the items that appear on a slide.
The Slide Master is a feature available in presentation software, such as Microsoft PowerPoint or Slides, that allows users to define and apply consistent formatting and layout to all slides in a presentation. It serves as a template or blueprint for the design and structure of each slide.
By accessing the Slide Master, users can customize the background, fonts, colors, and other design elements that will be applied to all slides in the presentation. It also contains placeholders for various items commonly found on slides, such as titles, text boxes, images, logos, and footer information.
The advantage of using the Slide Master is that it ensures consistency and efficiency when creating and editing slides. Instead of manually applying formatting and placeholders to each slide individually, users can make changes to the Slide Master, and those changes will be reflected across all slides in the presentation.
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With the aid of a diagram explain the following will affect the quantity demanded of commodity A
Answer:
Demand may be defined as the quantity of a commodity that a consumer is able and willing to buy, at each possible price, over a given period of time. Essential elements of demand are quantity, ability, willingness, prices, and period of time.
Explanation: brainliest please
The present value of the following cash flow stream is $6200 when discounted 9% annually. What is the value of the missing cash flow?
a) Year 1- $1300
b) Year 2- ?
c) Year 3- $1950
d) Year 4- $2640
Answer:
Cash flow year 3= $1,938.2
Explanation:
Giving the following information:
PV= $6,200 when discounted 9% annually.
Cf:
a) Year 1- $1300
b) Year 2- ?
c) Year 3- $1950
d) Year 4- $2640
To calculate the missing cash flow, we need to use the following formula:
NPV= ∑[Cf/(1+i)^n]
6,200= 1,300/1.09 + x + 1,950/1.09^3 + 2,640/1.09^4
6,200= 1,192.66 + x + 1,505.76 + 1,870.24
Year 3 (PV)= 1,631.34
Cash flow year 3= 1,631.34*1.09^2
Cash flow year 3= 1,938.2
Question 4 (15 Marks)
Sampi CC managed by Shapi and Haingura was incorporated on 1 March 2010 with each member
contributing N$400 000 each. The members share profit and losses equally. The business deal with
horticultural commodities. The financial year ends on 30 April each year.
Sampi CC post-adjustment trial balance at 30 April 2022 is as follows:
DR CR
Member’s contribution 800 000
Undrawn profit: 30 April 2021 120 000
Accounts payable 80 000
Accounts receivable 120 000
Furniture& Equipment: Cost 240 000
Accumulated depreciation: Furniture& Equipment 80 000
Land and Buildings (cost) 1 040 000
Accumulated depreciation: Building 80 000
Short-term loan: Shapi 126 000
Short-term loan: Haingura 42 000
Mortgage bond 112 000
Profit or loss 80 000
Inventory 100 000
Bank 20 000
1 520 000 1 520 000
i. Shapi and Haingura have decided to distribute N$4 000 to themselves. This had been
erroneously debited to Profit and Loss account but credit correctly to their short-term loan
accounts. Shapi and Haingura withdrew their funds before the year end.ii. The members had contributed N$25 000 each during the year but this entry was completely
omitted.
REQUIRED:
1. Prepare the statement of financial position as at 30 April 2022. (10 Marks)
2. Explain the statutory requirements in respect of the appointment and duties of the
Accounting Officer in close corporations. (5 Marks)
Total Liabilities 356,000
Total Current Assets 290,000
How to solveCurrent Assets
Accounts receivable 120,000
Inventory 100,000
Bank 70,000
Total Current Assets 290,000
Total Assets 1,410,000
Liabilities
Non-Current Liabilities
Mortgage bond 112,000
Current Liabilities
Accounts payable 80,000
Short-term loan: Shapi 124,000
Short-term loan: Haingura 40,000
Total Current Liabilities 244,000
Total Liabilities 356,000
Equity
Member's contribution 850,000
Undrawn profit 120,000
Profit or loss 84,000
Total Equity 1,054,000
Total Liabilities and Equity 1,410,000
Explain the statutory requirements in respect of the appointment and duties of the Accounting Officer in close corporations. (5 Marks)
In close corporations, the Accounting Officer has specific statutory requirements and duties as stipulated by the relevant legislation. Some of these requirements and duties include:
a. Appointment: A close corporation must appoint an Accounting Officer within a specified period, usually within the first year of operation. The Accounting Officer must be a member of a recognized professional accounting body and must have the necessary qualifications and experience to perform their duties.
b. Duties: The Accounting Officer is responsible for ensuring that the close corporation maintains proper accounting records and that the financial statements fairly present the financial position and performance of the business. They must also ensure that the financial statements comply with relevant accounting standards and legal requirements.
c. Reporting: The Accounting Officer must provide a report to the members of the close corporation, stating whether the financial statements are in agreement with the accounting records and whether they comply with relevant accounting standards and legal requirements.
d. Compliance: The Accounting Officer must ensure that the close corporation complies with all relevant tax and statutory regulations, including the timely submission of financial
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An entity prepares its financial statements on its income tax basis. The accompanying notes include a summary of significant accounting policies that discusses the basis of presentation and describes how that basis differs from GAAP. The dollar amount of the effects of the difference between the income tax basis and GAAP:________
A) Is required to be included only in the notes to the financial statements.
B) Is required to be included only in the auditor’s report.
C) Is required to be included both in the notes to the financial statements and the auditor’s report.
D) Need not be quantified and included in either the notes to the financial statements or the auditor’s report.
Answer:
D) Need not be quantified and included in either the notes to the financial statements or the auditor’s report.
Explanation:
Accounting principle can be defined as a general guideline to be followed by accountants or financial institutions when they record and report their financial transactions. A change in an accounting principle involves a change in an accounting method used.
GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC). Therefore, when accountants prepare and compile financial statements for public firms, it must be in line with United States of America, Generally Accepted Accounting Principles (GAAP)
In this scenario, an entity prepares its financial statements on its income tax basis. The accompanying notes include a summary of significant accounting policies that discusses the basis of presentation and describes how that basis differs from GAAP. The dollar amount of the effects of the difference between the income tax basis and GAAP need not be quantified and included in either the notes to the financial statements or the auditor’s report.
A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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What should you include on an income statement?
Select all correct answers.
1. income
2. expenses
3. net profit
4. all assets
All of the factors that have to be included in the income statement are:
1. income2. expenses3. net profitWhat is meant by the income statement?This is the term that is used to refer to the financial statement that would be made to show the revenue, the expenses and the profits that are made by a given company over a period of time. This is also called the earnings statement. It shows the revenue that is made from business.
Hence we can say that All of the factors that have to be included in the income statement are:
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Question is attached. Advanced Financial Accounting inter-company transactions consolidation question.
Transactions between two entities of the same corporation are referred to as intercompany transactions. The consolidated financial statements do not provide a truthful and fair portrayal of the group's financial status if intercompany transactions are not adjusted.
What is intercompany transactions?
When the financial statements of the subsidiaries are integrated at the parent level to produce consolidated financial statements and tax filings, intercompany accounting treatment is used towards the conclusion of the financial closure process.
Intercompany transactions are eliminated by the accounting approach of combined and consolidated financial statements. There are exchanges that take place between the parent corporation and the subsidiary firm.
When intercompany transactions generate a profit, the full intercompany profit will be included in the new basis (cost) of the inventory on the accounts of the company holding the inventory. Consolidation typically results in the elimination of intercompany earnings and associated income taxes.
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Do you believe that Mrs. Wyatt was justified in her perception of the situation? Explain.
Mrs. Wyatt may or may not have been justified in her perception of the situation. It is possible that she felt that she was being ignored or treated unfairly, and that the bank employee was not taking her seriously.
Here are some factors that may have influenced Mrs. Wyatt's perception of the situation:
Her personal experiences. Mrs. Wyatt may have had previous negative experiences with banks, which may have made her more likely to feel that she was being treated unfairly.The bank employee's body language and tone of voice. If the bank employee was not making eye contact with Mrs. Wyatt or was speaking to her in a condescending tone, this could have made her feel like she was being ignored or treated unfairly.The length of time she had to wait. If Mrs. Wyatt had to wait a long time to be served, this could have made her feel frustrated and impatient, which could have made her more likely to perceive the situation negatively.It is important to note that everyone experiences situations differently. What may seem like a minor inconvenience to one person could be a major source of frustration or anger for another. It is also important to remember that bank employees are human beings, and they are not perfect.
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A firm has $800 in inventory, $1,400 in fixed assets, $500 in accounts receivables, $100 in net working capital, and $50 in cash. What is the amount of the current liabilities
Answer:
Add it all Together?
Explanation:
2850?
Clara is setting up a retirement fund, and she plans on depositing $4,900 per year in an investment that will pay 8% annual interest. How long will it take her to reach her retirement goal of $61,189
Answer:
9 years
Explanation:
assuming that Clara will make her deposits at year end (ordinary annuity), we can use the future value of an annuity formula:
FV = annual payment x annuity factor
FV = $61,189annual payment = $4,900annuity factor = ?annuity factor = $61,189 / $4,900 = 12.48755
using a future value annuity table and looking at the 8% interest column, the factor for 9 periods is 12.488.
Marley Woods Resort would like to buy some land and build a luxury living center. The anticipated total cost is $20.5 million. The CEO of the firm is quite conservative and will only do this when the company has sufficient funds to pay cash for the entire construction project. Management has decided to save $1.2 million a quarter for this purpose. The firm earns 6.25 percent, compounded quarterly, on the funds it saves. How long does the company have to wait before expanding its operations
Answer:
3.82 years
Explanation:
FV of annuity = P[(1+r)^n - 1 / r]
Where FV = $20,500,000; P = $1,200,000; r = 6.25%/4 = 1.5625% quarterly
20,500,000 = 1,200,000 * [1+0.015625)^n - 1/0.015625]
20,500,000 / 1,200,000 = [1+0.015625)^n - 1/0.015625]
17.0833 = [(1+0.015625)^n - 1 / 0.015625]
17.0833 * 0.015625 = (1+0.015625)^n - 1
0.266927 = (1+0.015625)^n - 1
1.266927 = (1 + 0.015625)^n
Taking log of both sides of equation
LN(1.266927) = n*LN(1.015625)
n = LN(1.266927)/LN(1.015625)
n = 0.236594/0.015504
n = 15.26 quarters
No of years = 15.26/4
No of years = 3.82 years
Blueberry Inc.'s trial balance follows.
(Tables)
Compute these amounts for Blueberry:
1. Total assets
2. Total liabilities
3. Net income or loss during November
4. Total shareholders' equity
Total assets were shown following the trial balance of Blueberry Incorporated.
Is cash a resource?Personal assets are items with current or potential worth that belong to an individual or family. Cash and cash equivalents, CDs, checking and term deposits, money market accounts, tangible cash, and Treasury bills are typical types of personal assets.
What does a corporate asset mean?In the context of business, an asset is a valuable resource that you control or rent and that supports the operation of your enterprise. These assets can be material goods like computers and little amounts of money or intangible assets like goodwill, reputation, and brand awareness.
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The list price for a vacuum cleaner is $299.99 . Determine the net cost after a 15/10 / 10 series discount $ 206.54 $417.44 $299.64 $ 100.20
According to the question, the net cost after a 15/10/10 series discount is $206.54.
What is net cost?Net cost is a financial measurement that takes into account all costs associated with a purchase or sale, less any income received from the transaction. It is calculated by subtracting the proceeds from the total costs incurred. Net cost is used to determine the total amount of money that a business must pay or receive in order to complete a transaction. It is used to help businesses make decisions about pricing, cost control, and investments.
The series discount is calculated by subtracting the first discount (15%) from the list price of $299.99, resulting in a new price of $254.99. Then the second discount (10%) is subtracted from the new price of $254.99, resulting in a new price of $229.49. Finally, the third discount (10%) is subtracted from the new price of $229.49, resulting in a net cost of $206.54.
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Select the correct answer.
Diversity awareness is the ability to understand and respect other cultures. Which interpersonal skill might be affected by a lack of diversity
awareness?
ОА
teamwork
OB
time management
OC goal-setting
OD self-representation
Answer:
Teamwork
Explanation:
Mr. Johnson's medical office mixed up his lab results with another patient
and told him he had a serious disease. As a result, Mr. Johnson became
physically ill and had to be hospitalized. Will he prevail in an intentional
inflection of emotional distress case?
A. Yes, because his doctor should have known the results were
wrong.
B. No, because he won't have any damages if he has insurance.
C. No, since the mix-up in the lab results was not intentional.
D. Yes, because professionals should not make that kind of error.
ferror
Answer:
the third one
Explanation:
just answered
Answer:
The answer is C. No, since the mix up in the lab results was not intentional.
Explanation:
The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company.
Account Title Debits Credits
Cash $91,000
Accounts receivable 186,000
Inventory 298,000
Prepaid expenses 174,000
Equipment 346,000
Accumulated depreciation $123,000
Investments 166,000
Accounts payable 73,000
Interest payable 33,000
Deferred revenue 93,000
Income taxes payable 43,000
Notes payable 265,000
Allowance for uncollectible accounts 29,000
Common stock 413,000
Retained earnings 189,000
Totals $1,261,000 $1,261,000
Additional information:
1. Prepaid expenses include $146,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility.
2. Investments include $43,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $123,000 is an investment in equity securities that the company intends to sell in the next year.
3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less.
4. The notes payable account consists of the following:
a. a $53,000 note due in six months.
b. a $134,000 note due in six years.
c. a $78,000 note due in three annual installments of $26,000 each, with the next installment due August 31, 2022. The common stock account represents 413,000 shares of no par value common stock issued and outstanding. The corporation has 826,000 shares authorized.
Required:
Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021.
Answer:
A balance sheet for Weismuller publishing for December 31 2021 was prepared and recorded in the explanation section below
Explanation:
Solution
COMPANY: WEISMULLER PUBLISHING Balance Sheet At December 31 2021 Assets
Current assets:
Cash and cash equivalents ($91,000 + $43000) $134000
Short term investments ($166,000 - $43000) $123000
The net accounts receivable ($186,000 =$29,000) $175,000
Inventory $298,000
Prepaid expense [174,000-(14600/2)] $101,000
The total current assets $813,000
Note: Kindly find an attached copy of the [art of the complete solution to this question below
Double declining balance
The double-declining balance method is an effective way to depreciate assets in the early years of their useful life and reduce the balance of the asset more quickly than the straight-line method. This helps companies to account for the asset's cost more accurately over time and to recognize its diminishing value as it ages.
Double-declining balance method is a method of depreciation that is an accelerated method.
The depreciation rate is twice as much as the straight-line method's depreciation rate.
This method begins with an asset's value at the beginning of its use and then decreases at a constant rate throughout its useful life until it reaches the asset's salvage value.
This depreciation method is most commonly used for assets that depreciate quickly at the beginning of their useful life and then slowly depreciate over time until they are scrapped or sold.
Assets such as computers, vehicles, and machinery are common examples of assets that use this method of depreciation.
Double-declining balance method can be calculated using the following formula:Annual depreciation = (2 / useful life in years) * book value at the beginning of the yearOrDepreciation rate = 2 / useful life in years.
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Trailers R Us Company, which uses an activitybased costing system, produces travel trailers and boat trailers. The company allocates batch setup costs to the two products using the following basic data: Travel trailers Boat trailers Budgeted units to be produced 2,050 3,200 Budgeted number of setups 320 520 Budgeted number of direct labor hours per unit 40 80 Total budgeted setup costs for the year are $155,400. If the setup costs are allocated using number of setups, how much of the total setup costs would be allocated to boat trailers?
Answer:
Boat trailers= $96,200
Explanation:
Giving the following information:
Travel trailers Boat trailers:
Budgeted units to be produced 2,050 3,200
Budgeted number of setups 320 520 = 840
Total budgeted setup costs for the year are $155,400.
First, we need to calculate the predetermined activity rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Setup= 155,400/840= $185 per setup
Now, we can allocate costs to boat trailers:
Boat trailers= 185*520= $96,200
operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $18,800 of services on account, and (2) he purchased $7,500 of supplies on account. There were $1,050 of supplies on hand as of December 31, Year 1.
Required
a. b. & e. Record the two transactions in the accounts. Record two separate entries for the closing entries. Record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. Post the entries in the T-accounts and prepare a post-closing trial balance.
Answer:
I need help too
Explanation:
23=56
Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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If you start a business would you rather start off with earning 1million every week and 10,000 an hour or just earn 1 million in a day
Answer:
Im going with either 1million a day or 10k an hour
Give account of the political argument against outsourcing practiced by US firms.
Answer:
The political argument against outsourcing practiced by U.S. firms can be summarized in three arguments:
Explanation:
The trade balance argument: this factor is both economic and political, and those who agree with it argue that outsourcing contributes to the decline of American exports while raising the amount of imports at the same time, since those goods and services produced abroad by outsourcing have to be imported to the U.S. if they are to be consumed by American consumeres.
The American worker argument: outsourcing creates a job loss in the U.S. that affects American workers, specially those without a tertiary education. Those who agree with this argument state that outsourcing increases economic inequality, urban decay, rates of mental disease and drug use, and so on.
The national security argument: this argument applies to specific industries like the weapon industry or pharmaceutical. Supporters of this argument say that there are several industries and economic sectors that should not be outsourced on the basis of national security.
Which of the following is not a measure of central tendency?
Answer:
Standard deviation is not a measure of central tendency
Explanation:
Deviation means change or distance. But change is always followed by a reference. Hence standard deviation is a measure of change from central tendency i.e. mean. It is not itself a measure of central tendency.
What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. in their jobs, they use their skills to provide goodsa
and services to others.
OA
equilibrium
O B. law of demand
O c. law of supply
O D.
negative externality
O E. positive externalit
Answer:
positive externality
Explanation:
positive externality is defined as benefitting a third party, so education helps the student and then others which would be a 3rd party
Suppose that Portugal and Austria both produce beer and cheese. Portugal's opportunity cost of producing a pound of cheese is 3 barrels of beer while Austria's opportunity cost of producing a pound of cheese is 11 barrels of beer.
By comparing the opportunity cost of producing cheese in the two countries, you can tell that_______has a comparative advantage in the production of cheese and _______ has a comparative advantage in the production of beer.
Suppose that Portugal and Austria consider trading cheese and beer with each other. Portugal can gain from specialization and trade as long as it receives more than_______of beer for each pound of cheese it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than _______ of cheese for each barrel of beer it exports to Portugal.
Based on your answer to the last question, which of the following prices of trade (that is, price of cheese in terms of beer) would allow both Austria and Portugal to gain from trade?
A. 4 barrels of beer per pound of cheese
B. 6 barrels of beer per pound of cheese
C. 13 barrels of beer per pound of cheese
D. 2 barrels of beer per pound of cheese
Answer:
Portugal and Austria
Comparative Advantage in the Production of Beer and Cheese:
1a. Portugal
b. Austria
2. a. 3 barrels and
b. 0.09 or 1/11 pounds
3. A. 4 barrels of beer per pound of cheese
Explanation:
a) Data and Calculations:
Portugal's opportunity cost of producing a pound of cheese = 3 barrels of beer
Austria's opportunity cost of producing a pound of cheese = 11 barrels of beer
Price of trade (cheese in terms of beer) = 11/3 = 3.667 = 4
b) Portugal's comparative advantage over the production of cheese is her economy's ability to produce cheese at a lower opportunity cost than Austria. This comparative advantage gives Portugal the ability to sell cheese at a lower price than Austria and realize a more favorable balance of trade.
A company owns an empty office building and is deciding how to use it next year. It would cost $100,000 to staff the office and $15,000 for equipment. The revenues would be $160,000. Meanwhile, it could rent the office to another company for $75,000 in revenues. In both cases, the company must pay $5,000 for the building's electricity.
Required:
a) If the company is seeking to maximize its economic profit, which course should it pursue and what is the outcome?
Answer:
It is more profitable to rent the office. Income will increase by $30,000
Explanation:
Giving the following information:
It would cost $100,000 to staff the office and $15,000 for equipment. The revenues would be $160,000.
Rent= $75,000 in revenues.
We need to calculate the most profitable decision:
Option A:
Income= 160,000 - 100,000 - 15,000= 45,000
Option B:
Rent= 75,000
It is more profitable to rent the office.
According to the author, what kind of yelling boss is bad one?
According to the author, a bad yelling boss is one who yells for no reason or who yells in a way that is abusive or demeaning.
What does the author say?Yelling can be a form of bullying, and it can create a hostile work environment. It can also lead to decreased productivity, increased stress, and decreased morale.
Some signs of a bad yelling boss according to the author include:
They yell often, for no reason, or in a way that is abusive or demeaning.They make threats or use intimidation to get their way.They are quick to criticize and slow to praise.They create a hostile work environment where employees feel uncomfortable or unsafe.Find out more on bad bosses at https://brainly.com/question/32149509
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The source is from an excerpt on Toxic Working Environments.