Answer: the ability to produce a good at a lower opportunity cost than other producers
Explanation: In other to clearly understand or grasp the definition or meaning of comparative advantage, the term opportunity cost should be understood. Opportunity cost simply means the benefit which one forfeits or losses when one chooses a certain option over the other. Comparative advantage is possessed by a certain seller or economy who is capable of selling his goods at a lower opportunity cost than its competitors. Thus, the comparative advantages weighs the size or amount of benefit forfeited or lost by sellers as a result of selling at a lower price. Thus the lower the opportunity cost, the better the comparative advantage.
One of the reasons it has been so difficult for Congress to bring federal spending under control is because
A.the crowding-out effect has been ineffective.
B.the pay-as-you-go provisions have been so expensive.
C.the federal budget has many entitlements that people do not want cut.
D.sequestration has worked so well.
Answer:
Correct Answer:
C.the federal budget has many entitlements that people do not want cut.
Explanation:
In U.S, there are so many sectors with so many budget mapped out and controlled in-order to benefits the citizens. For example, in this pandemic situation, there are budgets for those who lost their jobs, those unable to pay their house rent, those with medical challenges etc. all these entitlements are what people are not willing to lose. Bringing the federal spending under control means cutting off some of these budgets which might trigger crises.
1. What is the break-even point for this establishment? 2. If the restaurant wanted to make a profit of $70,000 based on these numbers, how much would have to be sold? 3. If sales rose to $700,000, what would profit increase to?
Answer:
I wasn't able to access the full question, but I am writing down all the formulas that would be used to solve the questions.
Explanation:
Requirement 1.
The Breakeven Point would be calculated using the following formula:
Breakeven Point = Fixed Cost / (Selling Price per Unit - Variable Cost per Unit)
Requirement 2.
The target profit will require the company to achieve certain number of units to be sold. The level of units can be calculated using the following formula:
Units Sold For Desired Profit (Units) = (Fixed Cost + Target Profit) / (Selling Price per Unit - Variable Cost per Unit)
Requirement 3.
If we multiply selling price on the both sides of requirement 2 formula then we have following formula:
Sales ($) = (Fixed Cost + Target Profit) * Selling Price / (Selling Price per Unit - Variable Cost per Unit)
Now we can calculate the Target profit which will only be the variable unknown.
n the accounting system of Apogee Company, the quantities counted by the receiving department and entered at a terminal are transmitted to the computer, which immediately transmits the amounts back to the terminal for display on the terminal screen. This display enables the operator to
Answer:
verify that the amount was entered accurately and correctly.
Explanation:
In the accounting system of Apogee Company, the quantities counted by the receiving department and entered at a terminal are transmitted to the computer, which immediately transmits the amounts back to the terminal for display on the terminal screen. This display enables the operator to verify that the amount was entered accurately. In order to avoid any error in the amount entered by accountants, cashiers or operators, it is a standard practice to look at the terminal screen to verify the amount entered is accurate and correct.
Jamie was participating in a market research study regarding computers when he was presented with 24 different computers that varied on four criteria. He was asked to rank all 24 descriptions in terms of his preference for those combinations of features. Which approach to assess the relative importance Jamie places on evaluative criteria was this research using?
Answer:
conjoint analysis
Explanation:
In the market research study being described, they were using conjoint analysis. This is a statistical technique that helps determine how potential customers value different attributes such as a specific feature, function, or benefit that makes up an individual product or service. In this particular scenario, Jamie was asked to rank the different computers based on each ones unique/different criteria or features.
Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and has too little income to have sufficient buying power. Greta is concerned with whether the segment is Group of answer choices
Answer: substantial
Explanation:
From the question, we are informed that Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and has too little income to have sufficient buying power.
The above analysis shows that Greta is concerned with whether the substantial segment. A segment is said to be substantial when the said segment is big and therefore should be worth targeting and the members of this particular segment should have buying power.
Ryan, a foreign-exchange dealer, sold U.S. dollars for Swiss francs in the United States, then sold Swiss francs for Japanese yen in Switzerland, and then sold the Japanese yen for U.S. dollars in the United States. Ryan hopes that he will end up with more U.S. dollars than when he began. Which term best describes Ryan's actions
Answer: Arbitrage
Explanation:
Arbitrage occurs when an economic agent such as an individual buys and sells currencies, securities, or commodities in several markets simultaneously so that the individual can take advantage of the different prices that is charged for the same asset. This is the method that is being used by Ryan in the question.
The buyers purchased a residence for $195,000. They made a down payment of $25,000 and agreed to assume the seller's existing mortgage, which had a current balance of $123,000. The buyers financed the remaining $47,000 of the purchase price by executing a mortgage and note to the seller. This type of loan, by which the seller becomes a mortgagee, is called a
Answer:
purchase-money mortgage
Explanation:
This type of loan, by which the seller becomes a mortgagee, is called a purchase-money mortgage. As described, this is a mortgage issued to the borrower by the current seller of the home as part of the purchase transaction. This usually tends to occur when the buyer cannot qualify for a traditional lending channel mortgage, and in this scenario the buyer can instead become a mortgagee through a simple buying and selling transaction.
Simon is the manager of the editorial department in a publishing company. Every time an editor in his team fails to fix the errors in the article he or she is working on, Simon assigns him or her extra work. In this case, Simon is using .
Answer:
Feedback control
Explanation:
Feedback control system is used by managers to guage how effectively their employees meet up with target output at the end of the production process.
It compares the output produced to the target output that was set for the employee. There is little consideration for how much the workload is.
In this scenario the manager assigns extra work every time an editor fails to fix errors in the article they are working on.
His main concern is the output of the editors. So when they fail to complete a task he gives them more in order to gain the target output from them
Which of the following is a true statement? A. The prices of bonds are unrelated to the interest rate. B. The prices of bonds are inversely related to the interest rate. C. The prices of bonds are directly related to the interest rate. D. The prices of bonds increase when the interest rates rise.
Answer:
B. The prices of bonds are inversely related to the interest rate.
Explanation:
Bonds prices have an inverse relationship with interest rate. when interest rate increases, the price of bonds falls and when interest rate decreases, the price of bonds increases.
Timmy is a friend who came by your store after hours to have a beverage and play video games. When Timmy got up to use the restroom in the back of the store, he tripped over a raised piece of floor, causing him to fall and break his nose. You found out about the raised piece of floor yesterday, but you did not fix it because the restroom is for employees only. You owe Timmy:
Answer:
I owe him slip or trip compensation
Explanation:
The reason is that its shop owners responsibility to apply adequate duty of care so that other person don't get affected by the negligence of the shop owner. This negligence has resulted in breaking the nose of Timmy. Hence the shop owner owes Timmy slip or trip compensation and that he must repair that floor under the requirement of OSHA standards. The court may fine the shop owner for not having appropriate health and safety measures for the employees.
Oilers, Inc. refines and markets its energy products in different nations around the world. In addition, Oilers' stockholders and managers come from many different nations. If some of the nations where it operates decided to take over the assets of the company, this act would constitute
Answer: expropriation
Explanation:
Expropriation is a situation that occurs when the government collects a particular property from the owner of the property and utilizes it for public benefits or use.
Since we are informed in the question that some of the nations where the company operates decided to take over the assets of the company, this act would result in expropriation.
Your answer
A fishery with populations well below historic levels that has reduced reproductive capacity is called ___________.
The quantity of money has no real impact on things people really care about like whether or not they have a job. Most economists would agree that this statement is appropriate concerning Group of answer choices both the short run and the long run. the short run, but not the long run. the long run, but not the short run. neither the long run nor the short run.
Answer:
the long run, but not the short run.
Explanation:
Most people would like to earn a lot of money but it's unclear about the advantages of earning a large salary. They can afford more pleasures once they get rich, but a recent study indicates wealthier people seem to be less able to cherish the little things in life. Economist suggests that once reaching a threshold the quantity of money don't interest the people anymore but this is a case when wealth is acquired in a long period. People to fulfill their immediate goals gave significant importance to the quantity of money.
Sarah's a digital marketing consultant. With 90% of sales still taking place in a physical location, she knows her clients need to reach customers throughout their journey to ensure the best chance at a sale. Those customers need to find her client's products across multiple channels. Which type of marketing strategy can Sarah use to drive sales to her client's physical locations?
Options :
A) A search engine optimization strategy to rank for keywords.
B) Third-party lead generation to qualify inbound leads prior to contact.
C) A strategy designed to mimic all ads directly from similar local businesses.
D) An online-to-offline strategy to drive offline sales with online ads.
Answer: D) An online-to-offline strategy to drive offline sales with online ads
Explanation: Given that 90% of the sales made by Sarah's client takes place in physical stores, and as such it is important that a large number of potential customers are reached in other to get a shot at making a sale. The online strategy becomes paramount as it provides a viral or rapid approach to getting potential buyers informed about a certain product within a short period of time, one of such way is the use of online advertisement and digital or social media marketing. Leveraging this online marketing capability could be used make consumers aware and increasing the Chances of making better sales offline since consumers are already aware of the product.
Your text outlines nine key components of the e-commerce process architecture that are the foundation of the e-commerce initiatives of many companies today. The component that deals with establishing mutual trust and secure access between the parties in an e-commerce transaction by authenticating users, authorizing access and enforcing security features is:
Answer: Profiling & personalizing
Explanation:
Profiling could be described as the information that builds trust about you to your clients. What your clients know you for and that you're accountable unto. It could be seen as your structure when seen from the external view.
Personalising deals with how well you treat the clients in your circle, how you respond to their claims and what your customer services entails; if it's satisfactory or not up to the required.
Which of the following is a condition that may cause a fee simple absolute to become a fee simple defeasible...? The owner takes out a mortgage on the property The owner gifts the property to another entity The owner demolishes a structure on the property The owner grants the property to another entity for a specific use and period of time
Answer:
A condition that may cause a fee simple absolute to become a fee simple defeasible is:
The owner gifts the property to another entity
Explanation:
Jane holds a landed property as a fee simple absolute, therefore, she has absolute ownership. This implies that her ownership of the property lasts forever unless she transfers it. Jane can do whatever she wants with the property. It is unlike a defeasible fee, which is simply a fee simple interest in land which Jane can lose by the occurrence of a specified event.
Let $S$ be the set of complex numbers of the form $a + bi,$ where $a$ and $b$ are integers. We say that $z \in S$ is a unit if there exists a $w \in S$ such that $zw = 1.$ Find the number of units in $S.$
Answer:
Number of units possible in S are 4.
Explanation:
Given S is a set of complex number of the form [tex]a+bi[/tex] where a and b are integers.
[tex]z\in S[/tex] is a unit if [tex]w\in z[/tex] exists such that [tex]zw=1[/tex].
To find:
Number of units possible = ?
Solution:
Given that:
[tex]zw = 1[/tex]
Taking modulus both sides:
[tex]|zw| = |1|[/tex]
Using the property that modulus of product of two complex numbers is equal to their individual modulus multiplied.
i.e.
[tex]|z_1z_2|=|z_1|.|z_2|[/tex]
So,
[tex]|zw| = |1|\\\Rightarrow |zw| =|z|.|w| =1\\\Rightarrow |z|=\dfrac{1}{|w|}[/tex]......... (1)
Let [tex]z=a+bi[/tex]
Then modulus of z is [tex]|z| = \sqrt{a^2+b^2}[/tex]
Given that a and b are integers, so the equation (1) can be true only when [tex]|z| = |w| =1[/tex] (Reciprocal of 1 is 1). Modulus can be equal only when one of the following is satisfied:
(a = 1, b = 0) , (a = -1, b = 0), (a = 0, b = 1) OR (a = 0, b = -1)
So, the possible complex numbers can be:
[tex]1.\ 1 + 0i = 1\\2.\ -1 + 0i = -1\\3.\ 0+ 1i = i\\4.\ 0 -1i = -i[/tex]
Hence, number of units possible in S are 4.
The adjustment to the weighted-average shares for retired shares is the same as for issuing new shares except: A. The shares are deducted rather than added. B. The shares are added rather than deducted. C. The shares are treated as being acquired at the end of the year. D. The shares are treated as being acquired at the beginning of the year. g
Answer: The shares are deducted rather than added
Explanation:
The adjustment to the weighted-average shares for retired shares is the same as for issuing new shares when the shares are added rather than deducted, the shares are treated as being acquired at the end of the year and the shares are treated as being acquired at the beginning of the year.
Therefore, the adjustment to the weighted-average shares for retired shares is the same as for issuing new shares except when the shares are deducted rather than added.
Showstopper Inc. dominates the ladies' wig market and wants to expand into men's toupees. How can Showstopper's managers determine whether the company should develop a toupee division internally, ally with a toupee maker, or acquire a toupee-making firm?
Answer:
Explanation:
In order for Showstopper Inc. to make this decision, they first need to gather all of the managers and discuss and determine whether the skills needed to create wigs and toupees are similar and within their capabilities and whether Showstopper creates better hairpieces than its competitors do which will allow them to gain a competitive advantage in the toupee market.
Maya owes $20,000 on her credit cards, her adjustable mortgage rate has just gone up, and she has been out of work for 3 months. Her husband of 15 years came home today to tell her he was having an affair and wants a divorce. With that news, she collapsed and had to be taken to the emergency room. According to Hans Selye, Maya is in which stage of the general adaptation syndrome
Answer: exhaustion
Explanation:
Given the information provided in the question, we are told that Maya collapsed and had to be taken to the emergency room. According to Hans Selye, Maya is in the exhaustion phase of the general adaptation syndrome.
At this stage, Maya's energy resources has been depleted after failing to recover from shock.
Which one does not describe the ways that players associations support players? A. Providing them with guidance in salary and labor arbitration. B. Providing them with equipment and instruction to enable them to perform at the highest possible level. C. Providing them with salary and contract data. D. Providing them with information to support negotiations.
Answer: Providing them with equipment and instruction to enable them to perform at the highest possible level.
Explanation:
Players association support players by providing them with guidance in salary and labor arbitration, providing them with salary and contract data and also by providing them with information to support negotiations.
It is not the function of the players association to provide players with equipment and instruction to enable them to perform at the highest possible level.
The CPI was 172 in 2007, and the CPI was 46.5 in 1982. If your parents put aside $1,000 for you in 1982, then how much would you have needed in 2007 in order to buy what you could have bought with the $1,000 in 1982
Answer:
The amount needed in the year 2007=$3,698.92
Explanation:
This price index is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.
A rise in the price index implies inflation
Inflation is the increase in the general price level. Inflation erodes the value of money.
So we can determine the amount required today to buy goods worth $1000 in 1982 as follows:
CPI in the current year /CPI base year× Cost in base years
(CPI in 2007/CPI in 1982) × Cost in 1982
172/46.5× 1000 =$3,698.92
The amount needed in the year 2007=$3,698.92
The discount rate assigned to an individual project should be based on: Group of answer choices the firm's weighted average cost of capital. the actual sources of funding used for the project. the current risk level of the overall firm. the actual sources of funding used for the project. the estimated riskiness associated with the individual project.
Answer:
none of the choices are correct
Explanation:
When the discount rate assigned for an individual project then it should be based on the risk i.e attached to the fund use needed by the project
There were various cases when a risky firm invested in a less risky project also if the same cost of capital is used so the firm could alter the decision of an investment in a negative manner
Therefore none of the choices are correct
In an open-market operation, the Fed buys $10 million of government bonds from individual investors. If the required reserve ratio is 10 percent, the largest possible increase in the money supply that could result is $________ million, and the smallest possible increase is $_________ million.
Answer:
$100 million ; $10 million
Explanation:
Required reserve ratio (r) = 10%
Worth of bond = $10,000,000
The smallest increase can be thought of as being the $10million generated from open market operation and could be held by the bank as reserve.
To calculate the largest increase in deposit:
Money multiplier * deposit (worth of bond)
Money multiplier = (1 / reserve ratio)
Money multiplier = (1 / 0.1) = 10
Increase in deposit = 10 * $10,000,000 = $100,000,000 ( $100 million)
Bread Co. commenced operations during the year as a large importer and exporter of baked goods. The imports were all from one company in France. The export sales were conducted as drop shipments. Bread never took possession of the goods and they were merely transshipped at San Francisco. Bread Co. reported the following data:Purchases during the year$15.0 millionShipping costs from overseas$1.5 millionShipping costs to export customers$1.0 millionInventory at year end$3.0 millionWhat amount of shipping costs should be included in ABC Trading's year-end inventory valuation?a. $0b. $200,000c. $300,000d. $500,000
Answer: c. $300,000
Explanation:
Here, the shipping costs from overseas is part in inventory costs whereas the shipping costs to export are part of expense not inventory.
Given: Purchases during the year $15.0 million
Shipping costs from overseas$1.5 million
Shipping costs to export customers$1.0 million
Inventory at year end $3.0 million
Amount of shipping costs should be included in ABC Trading's year-end inventory valuation = (Inventory at year end)÷(Purchases during the year ) × (Shipping costs from overseas)
= ($3,000,000) ÷ ($15,000,000) × ($1,500,000)
= $300,000
Hence, the correct option is c. $300,000.
Because they do so much driving while visiting doctors' offices and hospitals, pharmaceutical sales representatives are often given company cars to drive. When a pharmaceutical company like Merck is preparing to purchase new company cars, sales reps' feedback will be sought on car models and features, but the final decision will be made by higher levels of management. What role(s) do the sales reps play in the buying center?
Answer: Users and Influencers
Explanation: The sales representatives are consulted being the ones who will make use of the purchased vehicle in order to aid business growth, the sales representative have become familiar with issues they experience during the use of previous cars which might be related to the model and certain mechanical features of the car. Therefore, the feedback provided may be considered when the ultimate decision is being made, here sales representatives acts as influencers as their opinion is put into perspective, even though other considerations may outweigh those provided by the sales representatives as the final decision is being made by the superior management.
The owners of Spokes Bicycle Shop worry that cash flow this winter may be insufficient to meet the current operating expenses. While they anticipate a surplus of cash inflow as warm weather approaches, they need funds now to meet the company's immediate obligations. The owners can best resolve cash flow concerns by obtaining ________ financing.
Answer:
Short-term.
Explanation:
Short-term can be explained to be financing of business for short period of time from different sources. This financing are seen to be in the periods of a year and is said to be for smaller scale businesses.
It is easily necessary to secure additional funds to cover expenses, especially for those smaller businesses or to take the next step in growing the business. These short term loans are seen to be a lending option that work for many businesses that experience seasonal revenue fluctuations, and are easily taken back from the enterprise on a daily basis or monthly to cover up for the year.
Ginger is a United States citizen who paid the following foreign income taxes: $10,000 tax paid to England on consulting fee income $5,000 tax paid to Spain on earned income for which she claims the foreign earned income exclusion $1,000 tax paid to France for which she claims the foreign housing exclusion These were Ginger's only sources of income during the year. Her U.S. tax liability was $23,000. What amount of foreign tax credit can she claim on her return
Answer:
$0
Explanation:
Ginger has to choose between claiming a tax credit of a deduction for income taxes paid to foreign countries. She has already claimed a $5,000 foreign income exclusion (for taxes paid in Spain), and she has already made the deduction for the $1,000 paid in taxes to France. She can also claim a deduction for the $10,000 paid in taxes to England.
Since she already claimed tax deductions, she can no longer claim a tax credit, it is either one or the other.
The following information is for the standard and actual costs for the Happy Corporation:
Enter favorable variances as negative numbers.
Standard Costs:
Budgeted units of production - 16,000 [80% (or normal) capacity]
Standard labor hours per unit - 4
Standard labor rate - $26 per hour
Standard material per unit - 8 lbs.
Standard material cost - $12 per pound
Standard variable overhead rate - $15 per labor hour
Budgeted fixed overhead - $640,000
Fixed overhead rate is based on budgeted labor hours at 80% (or normal) capacity.
Actual Cost:
Actual production - 16,500 units
Actual fixed overhead - $640,000
Actual variable overhead - $1,000,000
Actual labor - 65,000 hours, total labor costs $1,700,000
Actual material purchased and used - 130,000 lbs, total material cost $1,600,000
Actual variable overhead - $1,000,000
Determine the Quantity Variance
a. 24,000 unfavorable
b. 24,000 favorable
c. 12,000 unfavorable
d. 12,000 favorable
Answer:
a. 24,000 unfavorable
Explanation:
Quantity Variance = Standard Price ( Actual Quantity - Standard Quantity Allowed)
= $12 per pound (8 lbs.*16,500 lbs-8 lbs.*16,000)
= $ 12 (132,000 lbs-130,000 lbs) = $ 12 (2000)= 24,000 unfavorable
It is unfavorable because the actual quantity used is more than the standard quantity allowed.
Quantity variance is obtained by multiplying the standard price with the difference in the actual quantity used and the standard quantity allowed.
The NFL Trust is responsible for which of the following activities? A. Ownership of all team logos and trademarks. B. Oversight and administration of the league's properties rights. C. Distribution of revenue for league properties rights to each club. D. All of these are correct. E. Oversight and administration of the league's properties rights and distribution of revenue for league properties rights to each club.
Answer:
The correct answer is the option D: All of these are correct.
Explanation:
On the one hand, a "trust" is known in the economics and business field as the partnership between two or more companies that produce in the same industry and therefore that the main objective of this new agreement among the partners is to increase the market area or to take more advantage by working together, increasing both parties revenues.
On the other hand, the NFL trust is known to dominate the market of the football league in all its aspects, including all the teams logos and trademarks as well as the organization of the league's properties rights and the distribution of revenue for those concepts.
