suppose in an hour, jane can wash 2 cars or mow 1 lawn, and john can wash 3 cars or mow 1 lawn. who has the absolute advantage in car washing, and who has the absolute advantage in lawn mowing?

Answers

Answer 1

Jane has the absolute advantage in car washing, and both Jane and John have the same absolute advantage in lawn mowing.

Absolute advantage refers to the ability of an individual or entity to produce more of a particular good or service with the same amount of resources or in the same amount of time as others. In this scenario, Jane can wash 2 cars in an hour, while John can wash 3 cars in the same time frame. Therefore, John has the absolute advantage in car washing as he can wash more cars per hour.

On the other hand, both Jane and John can mow 1 lawn in an hour. Since they can each perform the task at the same rate, neither has an absolute advantage in lawn mowing. They have equal abilities in completing the task within the given time frame.

It's important to note that absolute advantage is determined by comparing productivity, specifically the quantity of output per unit of input. In this case, Jane outperforms John in car washing, while they have equal productivity in lawn mowing.

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Related Questions

Any debt that must be repaid within the next year is recorded on the balance sheet as?

Answers

Any debt that must be repaid within the next year is recorded on the balance sheet as: a current liability.

What is current liability?

Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle. An operating cycle, also referred to as the cash conversion cycle, is the time it takes a company to purchase inventory and convert it to cash from sales.

It is one the company expects to pay in the short term using assets noted on the present balance sheet. Typical current liabilities include accounts payable, salaries, taxes and deferred revenues (services or products yet to be delivered but for which money has already been received).

Examples of current liabilities:

Accounts payable. Interest payable. Income taxes payable. Bills payable. Bank account overdrafts

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assume that joey spent $20,000 of his disposable income of $30,000 in 1999. if his disposable income increased to $40,000 and his marginal propensity to consume equals 0.8, what did his consumption increase by?

Answers

In economics, the marginal propensity to consume (MPC) is described as the percentage of an aggregate elevate in pay that a patron spends on the consumption of goods and services, as adverse to saving it.

What is marginal propensity to eat example?

MPC is the proportion of additional income that an individual consumes. For example, if a household earns one greater dollar of disposable income, and the marginal propensity to eat is 0.65, then of that dollar, the household will spend sixty five cents and shop 35 cents.

How do you calculate marginal propensity?

If someone's income increases, the MPC measures the quantity of earnings they pick to spend on items and offerings rather of savings. With this in mind, MPC is calculated as MPC = change in consumption / exchange in income. By the usage of the example above, the MPC would be 500 / a thousand = 0.5.

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A firm that successfully leverages network effects can?

Answers

A firm that successfully leverages network effects can push the industry into the growth stage.

What is The network effect ?The network effect is a phenomenon whereby increased numbers of people or participants improve the value of a good or service. Network outcomes. occur when a product or service's value rises together with its customer base. When they occur, network effects rank among the most significant factors in your decision to choose one good or service over another. More users equals more worth.By doing away with gatekeepers, they enable new sources of supply and value generation and scale more effectively.

What are network effects?

By expanding your client base, market share, and the overall value proposition of your product, network effects help you scale your firm and enhance profitability. A network effect is when your product's value rises as more people use it, if you're wondering what that is.

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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along

Answers

Answer:

Explanation: B) Family dynamics will play a part in business relationships.

Based on the following information, calculate net income for Dana's Dress Shop using the traditional format. Sales $360,000 Gross Margin $140,000 Contribution Margin $110,000 Total Selling & Administrative Exp. $60,000

Answers

Answer:

$80,000

Explanation:

Calculation for the net income for Dana's Dress Shop using the traditional format

NET INCOME USING TRADITIONAL FORMAT

Using this formula

NET INCOME=Gross Margin -Total Selling & Administrative Expenses

Where,

Gross Margin =$140,000

Total Selling & Administrative Expenses=$60,000

Let plug in the formula

NET INCOME=$140,000-$60,000

NET INCOME=$80,000

Therefore the NET INCOME will be $80,000.

Answer: 80k

Explanation: Bc quizlet said so :)

Objectives are needed in every area where performance and results affect the survival and prosperity of business. Explain any three objectives of business.

Answers

Answer:

The major objectives of a business include the following:

1. Profit

2.  Growth

3.  Stability

4.  Efficiency

5.  Survival

Explanation:

1. Profit: this is practically the number one objective of any business, to maximize profit as much as it can. In order words, not just to get back the investment capital, but to earn profit as well.

2. Growth: this involves growing bigger or having an expansion in the number of sales and markets generally. As a customer of a business increases, this is often lead to business growth and more money

3. Stability: to have the stability of operation, without occasional or unnecessary break down in mode of operation or production. This will help to keep the business moving.

What is an advantage of small business loans through the sba?

Answers

Answer:

There are several advantages to obtaining a small business loan through the Small Business Administration (SBA):

1. Lower interest rates: SBA loans typically have lower interest rates than traditional business loans, which can save a business owner a significant amount of money over the life of the loan.

2. Longer repayment terms: SBA loans often have longer repayment terms than traditional business loans, which can make monthly payments more manageable for small businesses with limited cash flow.

3. Lower down payments: SBA loans often require lower down payments than traditional business loans, which can help small businesses conserve their cash reserves.

4. Access to capital: SBA loans provide small businesses with access to capital that they may not be able to obtain through traditional lending sources, especially if they have a limited credit history or lack collateral.

5. Business support services: The SBA offers a variety of business support services, including counseling, training, and technical assistance, to help small businesses succeed.

The term _____ is used to describe an expense that is normal or appropriate for the business under the circumstances.
Choose matching definition
necessary
reasonable
annuity
ordinary

Answers

The term "reasonable" is used to describe an expense that is normal or appropriate for the business under the circumstances.

An annuity is a financial product that provides a regular stream of payments over a specified period of time. The term "ordinary expense" is used to describe an expense that is normal or appropriate for the business under the circumstances.

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The term ordinary is used to describe an expense that is normal or appropriate for the business under the circumstances.

In this context, "ordinary" is the matching definition for an expense that is considered normal or appropriate in a given business situation. Anything that is "common and accepted" for a particular trade or business is included in the IRS's definition of an "ordinary" expense.

Whereas expenses that are helpful and appropriate are referred to as "necessary" To be eligible for a tax deduction, expenses that are necessary must also be ordinary expenses.

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If someone behaves the same way others do in a given situation we would probably make an external attribution about that person. this would be an example of making a decision based on?

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If someone behaves the same way others do in a given situation we would probably make an external attribution about that person. this would be an example of decision-making based on Consensus Decision-Making Process.

These are cooperative decision-making processes in which members create and settle on a proposition with the point, or prerequisite, of acknowledgment by all.

The emphasis on laying out an understanding of the supermajority and keeping away from ineffective assessment separates agreement from unanimity, which requires all members to help a choice.

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Period costs are always expensed on the income statement in the period in which ______.

Answers

Explanation:

Period costs are always expensed on the income statement in the period in which: they are incurred.

You are analyzing shipping statements and error notifications from stores and realize that boxes packed by ginny have a nearly perfect accuracy rate. you recommend ginny for a raise based on this form of .

Answers

You discover that boxes packed by Ginny have a nearly flawless accuracy rate after examining shipment accounts and mistake notices from shops. Based on this kind of, you suggest Ginny get a raise. Yes, I do.

Different ledger sheets are used to represent these items, and debit and credit entries are used to show changes in their values over time. These postings, often referred to as entries, are included in a ledger or book of final postings. Common financial accounts include things like sales, receivables, mortgages, loans, PP&E, common stock, sales, services, wages, and payroll. A chart of accounts is a list of each bank account that a certain business, group, or government entity uses. The process of collecting, analysing, and reporting such data is known as accounting. Accounting is a profession practised by accountants.

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what is the poem about "a bird came down the walk"​

Answers

Answer:

It is called A bird came down the Walk by Emily Dickinson

The total value of a number of dimes and quarters is less than $9.00. there are twice as many dimes as quarters. how many quarters could there be at most?

Answers

Maria can have a maximum of 19 quarters in her collection of dimes and quarters, the total value remains less than $9.00.

We have the following information available from the question is:

Maria has a number of dimes and quarters whose total value is

less than $9.00.

We have to find the how many quarters could she have?

Now, According to the question:

We assume that:

Maria has q quarters. Since there are twice as many dimes as quarters, she would have 2q dimes.

The value of q quarters is 25q cents, and the value of 2q dimes is

10(2q) = 20q cents.

The total value of the quarters and dimes is less than $9.00, which is equivalent to 900 cents.

So, the inequality we can form is:

25q + 20q < 900

Combining like terms, we get:

45q < 900

Dividing both sides of the inequality by 45,

q < 20

Maria can have a maximum of 19 quarters in her collection of dimes and quarters, ensuring that the total value remains less than $9.00.

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The given question is not in proper form, So

Proper form of the question is:

Maria has a number of dimes and quarters whose total value is

less than $9.00. There are twice as many dimes as quarters. At

most, how many quarters could she have?.

In which year did gross national product first exceed $11 trillion?

a. 2002
b. 2003
c. 2004
d. 2005

Answers

I believe it is a because gross,s product exceed 11 trillion in the year of 2002

Answer:

2003

Explanation:

Just took Quiz this was correct

What best explains why the employee of the month program failed to work? choose the correct answer.

Answers

"The decision-makers didn't use the scientific method to test if their ideas made sense" best explains why the employee of the month program failed to work. Option A

This is further explained below.

What is the scientific method?

Generally, Since the 17th century at the very least, the progression of scientific inquiry has been defined by the use of the scientific method, which is an empirical technique of collecting information.

It requires thorough observation as well as the application of rigorous skepticism about what is seen, given that one's cognitive assumptions might affect how one understands the data.

In conclusion, The fact that the decision-makers did not put their ideas through the rigorous examination needed by the scientific method perhaps explains the failure of the employee of the month program the most simply. Alternative A

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complete question

What best explains why the employee of the month program failed to work?

Choose the correct answer.

A) The decision-makers didn't use the scientific method to test if their ideas made sense

B) The Hawthorne effect suggests the decision-makers gave employees too much attention

DO NOT ANSWER THIS QESTION

Answers

Answer: ok

Explanation:

When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies
instead. This situation is an example of the
The supply curve slopes upward because at a higher price, producers have
to produce more.
The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This
situation is an example of the

Answers

substitution effect The supply curve slopes upward because at a higher price, producers have an incentive to produce more.

Answer: Here go the right answer and I got it right

Explanation:

When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies instead. This situation is an example of the substitution effect.

The supply curve slopes upward because at a higher price, producers have an incentive to produce more.

The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This situation is an example of the

income effect.

what should not be included as an icnremental cash flow for proposed project

Answers

The answer is, Cash receipts or debts from other areas of your organization are not included in incremental cash flow.

What is the purpose of receipts?

Receipts are evidence of the products or services you have traded for cash. Without receipts, you run the risk of neither the buyer nor the seller nor your company being able to show a transaction actually took place. This article will explain what a receipt is and why it's important to have confirmation of payment.

Is a receipt considered payment?

Receipts for payments were developed to give customers proof of payment. It's a straightforward document that lists the payment made to the seller. It provides the fundamentals on the sale and verifies that the payment has been received.

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Discuss whether a commercial bank should specialize or diversify in terms of the services it provides.

Answers

Answer:

The authors find that sector specialization has an overall positive effect on banks' performance. In contrast, Bebczuk and Galindo (2007) find for Argentina that banks with a diversified credit portfolio have fewer non-performing loans.

A concentrated portfolio with a high risk level results from concentrating on portfolio growth without adding additional asset classes.

What is a portfolio?

A portfolio is a collection of financial assets, such as securities, bonds, commodities, cash, and cash equivalents, such as closed-end funds and exchange-traded funds (ETFs).

Most people think that a portfolio's core consists of equities, bonds, and cash. Although this is frequently the case, it need not be the exception. Various types of assets, such as private investments, real estate, and fine art, may be included in a portfolio.

The wisdom of diversification, which essentially means not putting all of your eggs in one basket, is one of the fundamental ideas in portfolio management.

By distributing investments among different financial instruments, industries, and other categories, diversification aims to lower risk. By making investments in many sectors that would all respond differently to the same occurrence, it seeks to optimize returns.

The strategy of a hybrid portfolio diversifies among asset classes. Investing in stocks, bonds, commodities, real estate, and even art are all necessary components of creating a hybrid portfolio.

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How much amortization expense is included in kingbird income for the year ended december 31, 2019? New questions in Business.

Answers

The main answer to your question is that I cannot provide you with the exact amount of amortization expense included in Kingbird income for the year ended December 31, 2019 without more information.

In order to determine the amount of amortization expense included in Kingbird income for the year ended December 31, 2019, we would need access to Kingbird's financial statements for that period. Amortization is an accounting term that refers to the allocation of the cost of an intangible asset over its useful life. Examples of intangible assets that may be subject to amortization include patents, copyrights, trademarks, and goodwill.

Typically, amortization expense is reported in the income statement as a separate line item or as part of the cost of goods sold or operating expenses. However, the specific accounting treatment for amortization may vary depending on the company's accounting policies and the nature of the intangible assets involved.

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what kind of interactions between the states is concerned with actions relating to global, economic, environmental and demographic issues?

Answers

Interstate interactions concerning global, economic, environmental and demographic issues are usually governed by international organizations such as the United Nations or the World Trade Organization.

What is Interstate?
When something occurs interstate, it does so between various US states. Interstate 80, for instance, connects Teaneck, New Jersey, to downtown San Francisco, California. Yes, that is a journey. You can refer to your journey from Rhode Island to Illinois as interstate travel or an interstate road trip because you are moving from one state to another. A state-to-state connection is made possible by an interstate highway, such as I-95, which runs along the east coast from Maine to Florida. A road such as this is commonly referred to as an interstate. The words inter-, "between," as well as state are combined in this 20th-century word.

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The United Nations (UN) has many goals. Which statement below is one of its goals?

Question 2 options:

to provide tax cuts to the ultra wealthy throughout the world


to promote anti-vaccination campaigns


to end extreme poverty


to stay out of assisting in national elections, leaving the issue of voting to each individual nation or country

Answers

Answer:

to promote anti- vaccination campaigns

what is a fundamental consideration when task organizing a force

Answers

A fundamental consideration when task organizing a force is to ensure that the skills and capabilities of each member of the force are matched to the specific tasks they are assigned to perform. This involves assessing each individual's strengths and weaknesses, as well as their level of training and experience, in order to create a cohesive team that can effectively execute the mission.

Task organizing a force requires a careful assessment of the mission requirements, including the specific tasks that need to be accomplished, the operational environment, and the capabilities and limitations of the force. The force must be organized in a way that enables it to accomplish its mission effectively and efficiently, taking into account factors such as the size and composition of the force, the equipment and technology required, the training and expertise of the personnel, and the logistics and support requirements.

Other factors that may need to be considered when task organizing a force include the time available to accomplish the mission, the availability of resources, and the risks and challenges associated with the operational environment. In some cases, the force may need to be organized in a way that allows for rapid deployment or adaptation to changing circumstances.

Overall, effective task organizing requires a thorough understanding of the mission, the operational environment, and the capabilities and limitations of the force, as well as careful planning and coordination to ensure that the force is organized and equipped in a way that enables it to accomplish its mission effectively and efficiently.

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8. Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 12% and 16%, respectively. The beta of A is 0.7, while that of Bis 1.4. The T-bill rate is currently 5%, whereas the expected rate of return of the S&P 500 index is 13%. The standard deviation of portfolio A is 12% annually, that of B is 31%, and that of the S&P 500 index is 18%. (LO 18-2)
a. If you currently hold a market-index portfolio, would you choose to add either of these portfolios to your holdings? Explain.
b. If instead you could invest only in T-bills and one of these portfolios, which would you choose?

Answers

a. If you currently hold a market index portfolio, you should choose to add portfolio B to your holdings rather than portfolio A because the expected rate of return on portfolio B is 16%, which is higher than the expected rate of return on portfolio A, which is 12%.

Since beta measures a portfolio's systematic risk or volatility compared to the market portfolio, a higher beta indicates higher systematic risk or volatility. Since Portfolio B has a higher beta (1.4) than Portfolio A (0.7), this is consistent with Portfolio B being more volatile than Portfolio A.

However, portfolio B's higher expected return of 16% may be adequate to compensate for this additional risk. As a result, portfolio B provides a higher rate of return with a higher degree of risk.

b. If you can only invest in T-bills and one of these portfolios, you should choose portfolio A because it has a lower standard deviation of 12% compared to portfolio B's 31%, which makes it less volatile and more stable.

The expected rate of return on portfolio A is 12%, which is greater than the T-bill rate of 5%. As a result, portfolio A has a higher expected return, but it also has lower risk and volatility, making it a safer and more stable choice than Portfolio B.

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At what rate per cent per annum will 4000 yield an interest of 410 in 2 years?​

Answers

Answer:

5%

Explanation:

The applicable formula is A = P( 1 + r) ^ n

where A= amount: P is the principal, r, interest rate, n time

In this case,

A = principal + interest = Rs 410 { Rs 4000 + Rs410}

P= Rs 4000

r= ?

n= 2

r is?

4410 = 4000(1 + r) ^2

(1 + i)^ 2 = 4410/4000

(1 + i)^ 2 = 1.1025

1 + i = √1.1025

1 + i = 1.05

i = 1.05 - 1

i = 0.05

0.05 × 100 = 5%

(b) Conrad buys a toy for $65.
He sells it for $55.
Calculate the percentage loss.​

Answers

Answer:

The percentage loss is 10 percent

Need Help

Ted is a single guy who’s living the good life. The spreadsheet below shows Ted’s cash flow for a month.

Based on his monthly cash flow, explain what part of Ted’s financial plan might be missing and why.

Need Help Ted is a single guy whos living the good life. The spreadsheet below shows Teds cash flow for

Answers

Answer:

Ted's net cash flow is zero. Therefore, he might want to work on managing his income to get a positive net cash flow. There is no indication that Ted is putting any money in savings.

Hope it helps!

The term ____________________ describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.

Answers

The term globalization describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.

What is Globalization?

This refers to the connectedness between different societies which brings them closer in terms of development and communication.

Hence, we can see that as a result of globalization, we can see that the world is now a global village and communication is fast and instant even across great distances.

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The options strategy of a Bull Put Spread is best described by: Short a call with a strike price higher than the put you are long, on the same underlying asset Long a put with a strike price lower than the put you are short, on the same asset None of the answers Long a put with a strike price higher than the put you are short, on the same underlying asset Short a put with a strike price lower than the call you are long, on the same underlying asset

Answers

Answer:

Long a call with a strike price lower than the call you are short, on the same underlying asset

Explanation:

A bull put spread would involve one short put having a high strike price and 1 long put having a less strike price. It would be created for the net amount collected and the profits arise from increase in the stock price or from time erosion or from both the things

The option strategy that should be best described is that the call would be long having a strike price less than the short call for the similar underlying asset  

Is there any budget category Tristan should be concerned about? Explain your answer.

Answers

The specific budget category Tristan should be concerned about depends on his individual financial situation. However, common categories that individuals need to monitor closely include housing, transportation, debt repayment, groceries and dining out, and entertainment and recreation.

However, there are some common budget categories that individuals generally need to pay close attention to. Here are a few examples:

Housing: Housing expenses, including rent or mortgage payments, utilities, and maintenance costs, often comprise a significant portion of an individual's budget. It is crucial for Tristan to ensure that he can afford his housing expenses without straining his overall budget.

Transportation: Transportation costs, such as car payments, fuel, insurance, and maintenance, can add up quickly. Tristan should evaluate his transportation needs and consider more cost-effective alternatives if necessary, such as using public transportation or carpooling.

Debt Repayment: If Tristan has any outstanding debts, such as credit card debt or student loans, it is important for him to prioritize debt repayment and allocate a portion of his budget towards paying off these obligations. High-interest debts can accumulate quickly and hinder long-term financial stability.

Groceries and Dining Out: Food expenses can vary significantly depending on personal preferences and lifestyle choices. Tristan should monitor his grocery spending and evaluate whether dining out is within his budget. Meal planning and cooking at home can help reduce costs in this category.

Entertainment and Recreation: While it is important to enjoy leisure activities, Tristan should be mindful of his entertainment and recreational expenses. It may be necessary to set a limit on discretionary spending in this category to ensure overall financial well-being.

It's crucial for Tristan to assess his income, expenses, and financial goals to determine which budget categories require the most attention.

By tracking his expenses, setting realistic financial goals, and making necessary adjustments, Tristan can ensure he is effectively managing his budget and addressing any potential areas of concern.

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