1.2. What are five foundations of economics?Eleanor works at a department store and is paid by the hour. She can work as many hours as she wants each week. When not at work, Eleanor likes to spend her time reading. The store recently increased her hourly wage.Fill in the blanks to complete the passage describing Eleanor’s situation.

Answers

Answer 1

Answer:

There is a connection between work and the incentive to work.

The more incentive we have to work, the more work we get done. One of the incentives that we have to work is wages or money.

With the increase in the hourly wage, Eleanor will now weigh how much she would gain or lose in wages every time she chooses to work or not. In order words, the opportunity cost of reading at home. The more time she spends reading rather than working, the more money she loses.

Cheers


Related Questions

how will you prove that a piece of stone occupies space​

Answers

Explanation:

it is so weird, but try to understand

The use of real property that is changed or prohibited by a subsequent zoning regulation is known as a:

Answers

Answer:

A nonconforming use.

Explanation:

The use of real property that is changed or prohibited by a subsequent zoning regulation is known as a nonconforming use.

This ultimately implies that, when a property is allowed to be used legally under the zoning regulations (ordinances) during the period it was established but no longer permitted for use, as a result of subsequent change made by a prior owner or in the zoning regulations (ordinances).

Do you think that business practices in an Islamic country are likely to differ from business practices in a Christian country

Answers

Explanation:

Yes, since an organization is a reflection of the values of the society in which it operates, it is correct to say that business practices in an Islamic country may be different from business practices in a Christian country.

Some differences can be mentioned, such as in Islamic organizations, there is the incorporation of rules and laws arising from Islam, such as in the period of Ramadan, where there is a 6-hour working day, fasts and other religious practices. It is also possible to quote the dress code in the workplace, the treatment given to women among several other practices that differentiate an Islamic organization from a Christian one.

Which 3 transactions in QuickBooks Online are reflected in the Accounts Payable Aging Detail report?

a. Bill
b. Statements
c. Vendor Credits
d. Bill Payments
e. Purchase Orders

Answers

Answer:

a. Bill

c. Vendor Credits

d. Bill Payments

Explanation:

QuickBooks Online is an accounting software that has millions of users most of whom are medium and small time businesses. It is very useful in ensuring that the needs of even novices in accounting are taken care of.

In the Accounts Payable Aging detail report, QuickBooks online includes Bills which gives a list of vendors purchased from. It includes Vendor credits which shows the vendors owed and the payment terms of the debt and Bill payments which show the history of payments both owed and already made to certain vendors.

Sources of economic growth would include an increase in:

a. Investment spending.
b. Financial investment.
c. Consumer spending.
d. Government spending.
e. Consumer saving

Answers

Answer:

Option e: Consumer saving

Explanation:

Consumer saving shows that the economy of a given country is growing. When a citizen of a country is employed, then unemployment decreases and consumers can be afford to buy some of their needs and still save some amount of money or valuables for future use. It shows that the economy growth is increasing in that country.

An increase in consumer savings can lead to more production, investment and others.

The Jones Corporation uses a process system. During the current period, 2,500 units were started and 1,100 units were completed and transferred out. Ending units were 60% complete for materials and 45% complete for conversion costs. Direct materials costs added were $35,405 and conversion costs added were $32,870. There was no beginning WIP Inventory and conversion costs are added evenly throughout the process. At the end of the period, the cost per equivalent unit for conversion costs would be closest to

Answers

Answer:

The Jones Corporation

At the end of the period, the cost per equivalent unit for conversion costs would be closest to:

$19

Explanation:

a) Data and Calculations:

Units started during the current period = 2,500

Units completed and transferred out =      1,100

Ending inventory of units =                         1,400

Degree of completion for ending inventory:

Materials = 60%

Conversion = 45%

Equivalent production:

                                                 Direct materials              Conversion

Started and completed                  1,100                           1,100  (100%)

Ending inventory                              840  (1,400 * 60%)    630 (1,400 *45%)

Total equivalent unit                      1,940                          1,730

Cost per equivalent unit:

                                   Direct materials     Conversion

Cost incurred                $35,405                 $32,870

Total equivalent unit         1,940                      1,730

Cost per equivalent unit $18.25                    $19

If the future value of an ordinary, 7-year annuity is $10.000 and interest rates are 4 percent, what is the future value of the same annuity due?

Answers

Answer:

The future value of the same annuity due is $10,400.

Explanation:

Step 1: Calculation of the annuity payment

This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = P * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value of the amount after 7 years = $10.000

P = Annuity payment = ?

r = interest rate = 4%, or 0.04

n = number of years = 7

Substituting the values into equation (1) and solve for P, we have:

10,000 = P * (((1 + 0.04)^7 - 1) / 0.04)

10,000 = P * 7.89829448089601

P = 10,000 / 7.89829448089601

P = $1,266.09612039504

Step 2: Calculation of the future value of the same annuity due

This can be calculated using the formula for calculating the Future Value (FV) of an Annuity Due as follows:

FV = P * (((1 + r)^n - 1) / r) * (1 + r) ................................. (2)

Where,

FV = Future value the same annuity due = ?

P = Annuity payment as obtained in Step 1 above = $1,266.09612039504

r = interest rate = 4%, or 0.04

n = number of years = 7

Substituting the values into equation (2), we have:

FV = $1,266.09612039504 * (((1 + 0.04)^7 - 1) / 0.04) * (1 + 0.04)

FV = $1,266.09612039504 * 7.89829448089601 * 1.04

FV = $10,400

Therefore, the future value of the same annuity due is $10,400.

When we compute the mean of a frequency distribution, why do we refer to this as an estimated mean?

Answers

Answer:

We call it an estimated mean because it represents the average of the data collected, and we assume that this average (estimated mean) represents the data collected. But this is not necessarily true since the estimated mean is not the same as all the different data collected. Most of the times, when we are working with statistics we do not know or are not even given all the data, we are just given the relevant ratios or indicators.

A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. a. Determine the economic order quantity.

Answers

Answer:

EOQ= 18

Explanation:

Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.

To calculate the economic order quantity (EOQ), we need to use the following formula:

Economic order quantity (EOQ)= √[(2*D*S)/H]

D= Demand in units

S= Order cost

H= Holding cost

D= 1,215

S= $10

H= $75

Economic order quantity (EOQ)= √[(2*1,215*10)/75]

EOQ= 18

Longshore Group bought a piece of equipment for use in its operations under the following terms: 5 annual payments of $64,000 for the equipment, including interest. Although the list price of the equipment was $315,000, Longshore Group could have bought it for $300,000 cash. Salvage value is $20,000. Which amount should Longshore Group use to record the purchase of the machine on its books

Answers

Answer:

$300,000

Explanation:

Calculation for Which amount should Longshore Group use to record the purchase of the machine on its books

Amount to record machine purchased=($64,000*5 annual payment)-$20,000

Amount to record machine purchased=$320,000-$20,000

Amount to record machine purchased=$300,000

Therefore the amount that Longshore Group should use to record the purchase of the machine on its books is $300,000

The nominal interest rate is 7% and the expected inflation rate is 2%. Based on the Fisher effect, the real rate of interest is Group of answer choices 5.0% 5.1% 4.9% 6.86%

Answers

The answer:
5.1%
Trust me:] and good luck!

describe the cycle that dictates the economic ups and down of the hotel industry

Answers

The ups are when the vacation season starts and the down are when the weekdays

The terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry

Business cycle refers to the cyclical upswings and downswings of a  business in its output, employment, income, sales etc

The 4 stages of business cycle includes:

expansionpeakcontractiontrough/recession.

In conclusion, the terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry

Read more about business cycle

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If yu recieved $10,000, how would you choose to spend it?

Answers

Answer:

I would by a house and provide for family hbu???

Explanation:

I would buy a bunch of junk like electronics and use the rest for debt or I would donate the rest to a children’s hospital

A proposed new investment has projected sales of $850,000. Variable costs are 60 percent of sales, and fixed costs are $174,000; depreciation is $75,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income

Answers

Answer:

63,700

Explanation:

Sales:                                                 850,000

Variable Cost: (850,000*60%) =      510,000

Contribution Margin = 850k-510k= 340,000

Fixed cost =                                       174,000

Depreciation =                                    75,000

Earnings Before Taxes =                    91,000

Taxes (30%) =                                      (27,300)

Net Income                                 63,700

the work in process inventory account of a manufacturing company shows a balance of $2,400. from this information, it appears that the compnay is suing a predetermined overhead rate, as a percentageof direct labor costs, of: g

Answers

Answer: 125%

Explanation:

Here's the complete question:

The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting period. The job cost sheets of the two uncompleted jobsshow charges of $400 and $200 for direct materials, and charges of $300 and $500 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:

A. 80%

B. 125%

C. 300%

D. 240%

First, we have to calculate the overhead cost of the incomplete jobs. This would be:

Ending Work in process balance = $2,400

Less: Direct materials cost of uncompleted Jobs = $600

Less: Direct labor cost of uncompleted Jobs = $800

Therefore, Overhead cost of Uncompleted Jobs = $1,000

Then, the predetermined overhead rate would be calculated as:

= Overhead cost / Direct labor cost of the uncompleted Jobs

= $1000 / $800

= 1.25

= 125% of direct labor cost

A decrease in consumer spending can be expected to shift the aggregate demand curve ________.

a. upward and cause output to rise
b. upward and cause output to decline
c. downward and cause output to rise
d. downward and cause output to decrease
e supply of the Canadian dollar in the foreign exchange market rises.

Answers

Answer:

d. downward and cause output to decrease

Explanation:

As we know that

Aggregate demand = Consumption expenditure + government expenditure + net export

Where,

Net export = Export - import

In the case when there is a reduction in the consumer spending so it would be expected that the aggregate demand curve would be shifted to the downward due to which it results in reduction in output

Therefore the option d is correct

Lisa is trying to earn some extra money for a cruise she's taking in a few months, so she's made sure to book her days so that she has back to back clients. Today she's scheduled some clients to come in for simple washes and cuts between applying and finishing color treatments for other clients. Lisa plans to clean up at the end of her day to save time. What is the ergonomic issue with this situation? Select the best option. This will make her customers annoyed. She won't have enough time to perform each service. It's against licensing policy to schedule services like this. She will have long periods of holding the same posture.

Answers

Explanation:

would it be the overexaustion? I'm not even sure if its a word

Lisa is trying to earn some extra money for a cruise she's taking in a few months, so she's made sure to book her days so that she has back-to-back clients. Today she's scheduled some clients to come in for simple washes and cuts between applying and finishing color treatments for other clients. Lisa plans to clean up at the end of her day to save time. She will have long periods of holding the same posture. The correct option is D.

Why is ergonomics an issue?

Muscle fatigue, muscle imbalances, and strain are all consequences of poor ergonomics. Performing the same motion repeatedly can lead to numerous muscle strains. These develop into repetitive stress injuries, some of the most frequent workplace accidents.

Working in uncomfortable positions or holding one position for a long time. assuming positions that strain the body, such as bending over to use a knife with the wrists bent or twisting the torso while lifting, or repeatedly reaching above shoulder height.

Thus, the ideal selection is option D.

Learn more about ergonomics here:

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ook at these two sentences about Undeposited Funds: By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________. When receiving a payment, make sure _________________.

Answers

Answer:

1. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds

Explanation:

In order to reconcile with the company book accounts to the bank statement. If the posting is to be done in non-deposited funds so it would be develop the bank deposit for multiple payments that could easy for matching also at the time of payment received make sure that the deposit should be undeposited funds

So the same is relevant

A theory of strategic factor markets suggests that the resources a firm possesses might give it an advantage versus competitors in labor markets such as this one. Which firm resource might be consistent with this position

Answers

Explanation:

Organizations are integrated systems that use resources to achieve certain objectives and goals and become profitable and competitive.

Globalization was a phenomenon that contributed to an increase in the flow of information and changes in technologies and paradigms that contributed to a greater speed in consumer trends, and in the number of companies competing in the market.

Therefore, to achieve competitive advantage, it is not enough for the organization to use its resources in a conventional way, it is necessary to use strategies to add value to its processes. Considering the current business scenario, it can be said that the human resource in companies is the one that will give it a sustainable competitive advantage, since the knowledge acquired is one of the main resources used for the company to position itself in relation to competitors, each time more companies are promoters of social responsibility, so prioritizing knowledge and its stakeholders will always be the most advantageous option for creating value and competitive advantages.

Which lists the amount of education required for the Transportation and Logistics careers from least to greatest?

Brownfield Redevelopment Specialists, Ship Loaders, Aviation Inspectors
Transportation Planners, Diesel Engine Specialists, Freight Forwarders
Bicycle Repairers, Airline Pilots, Tank Loaders
Taxi Drivers, Aircraft Mechanics,Traffic Technicians

Answers

Answer:

It's D)

Explanation:

Taxi Drivers have bare minimum degrees, Aircraft Mechanics have associates or Bachelors, and Traffic Technicians have Bachelors or higher degrees.

Hope this helped! :D

Answer:

D

Explanation:

Im completly not sure but Im 99 %

1
Select the correct text in the passage.
Which sentences highlight the correct way of preparing stewed potato?
Olivia chooses to prepare stewed potato during the weekend. She warms vegetable broth over medium heat. She then cuts potatoes into 1"
chunks. She adds potatoes to the broth, covers the lid and cooks it at low heat until the potatoes become tender. Jessica, too, likes stewed
potato. She peels, and boils potatoes until tender. She then uses an electric mixer to mix potatoes and salt until the dish shows a smooth
texture
Reset
Next

Answers

Answer:

She then cuts potatoes into 1" chunks. She adds potatoes to the broth, covers the lid and cooks it at low heat until the potatoes become tender.

Explanation:

Stewed Potatoes is a very popular dish in the South and can be prepared in various ways but there are methods that are universal.

One such method is to cut the potato into chunks then adding these chunks to water/ broth and then ingredients. When the potato boils, cook it at a low heat until it becomes the desired level of tender.

Create a flow chart that shows the hierarchy of the US Banking Systems.

Answers

Answer:

NOOB

Explanation:

what are some fixed costs of a grocery store

Answers

Answer:

Rental lease payments, property taxes, interest expenses, insurance, or salaries.

Explanation:

Fixed costs are the expenditures that doesn't change base on sales.

An encumbrance: Group of answer choices is always a lien. burdens the property. cannot affect the physical use of a property. all of the answers are correct.

Answers

Answer:

burdens the property.

Explanation:

An encumbrance may be defined as the legal liability or interest in a property which does not prohibits the passing title to the property, instead it can diminish value. In other words it is an obstruction or a burden.

It is a claim by a party against a property who is not the owner of the property. It largely impacts the transferability of that property and also restrict the free use until encumbrance is lifted. It is the obstructions which impedes and is burdensome.

Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple interest, and he has agreed to repay the loan at the end of one year. How much interest will he pay for the year

Answers

Answer:

444

Explanation:

Simple Interest for a year can be calculated using

I = PRT/100

P= Principle amount

R= percent simple interest

T= time

(3700)(12)(1)/100 = 444

The following costs were for Optimal View Inc., a contact lens manufacturer: Output Fixed Cost Variable Cost Total Costs 270 $ 5,300 $ 10,000 $ 15,300 320 5,300 12,000 17,300 370 5,300 14,000 19,300 420 5,300 16,000 21,300 At an output level of 500 lenses, per unit total cost is projected to be:

Answers

Answer:

Per unit total cost $49.00

Explanation:

The per unit total cost is as follows;

Particulars     Total Costs    Output

High level     $21,300           420

Low level     $15,300           270

Difference   $6,000            150

Unit variable cost 40 ($6000 ÷ 150)

Fixed cost $4,500 ($21,300 - (420 × 40) )

Total cost at 500 lenses $24,500 ($4,500 + (500*40))

Per unit total cost $49.00 ($24,500 ÷ 500)

Match the drawbacks of the scientific management theory to their respective outcomes in the workplace.
rigidity
lack of autonomy
mechanical nature
lack of feedback

Answers

Answer:

Explanation:

Plato Users

Production methods are standardized with no opportunity for individual initiative is known as lack of autonomy.

What are Production methods?

A production process is a way to use economic resources, such as labor, expensive machinery, or land, to create goods and services for customers.

The manufacturing process typically addresses how to effectively and productively produce goods for sale so that clients can receive them fast without compromising the product's quality.

Depending on their manufacturing objectives, production volumes, and technology tools or software systems, organizations can use a wide range of production methods.

Making broad-based production decisions that have an impact on the productivity levels of product development and sales is a crucial component of the job of a manufacturing manager. Choosing the best production method frequently depends on the kind of technology you have access to.

For instance, without the right technology to track, categorize, or manufacture these products appropriately, you might not be able to adhere to a clear mass production structure if you receive a lot of orders for the same product.

Learn more about Production methods, here

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what are some common tasks performed by Municipal Clerks? Check all that apply.

recording and editing the minutes (notes) of meetings
performing inspections to make sure restaurants meet standards
planning the maintenance of documents
issuing public notifications of meetings
drafting and proposing legislation
traveling to attend conferences in other states
participating in administration of elections

Answers

Answer:

record minutes of council meetings; answer official correspondence; keep fiscal records and accounts; and prepare reports on civic needs.

Answer:

1, 3, 4, 7

Explanation:

Hi, I'm sorry I'm late but maybe it will help others. ;D

Why is it important for manufacturing companies to know the manufacturing cost of each of the products they make

Answers

Answer:

Manufacturing cost per unit is important to monitor. These, in many ways, represent the efficiency of the production process. If labor, material, or overhead costs appear too high then action must be taken. You must change and balance all of these costs to maximize shareholder value.

Which of the following careers does NOT work with patients or the public?
A.
Social worker
B.
Laboratory technician
C.
Hair stylist
D.
Substance abuse counselor

Answers

Answer:

B. Laboratory technician

Explanation:

Laboratory technicians don't work with patients or the public.

Answer:

B.Laboratory technician

Explanation:

"A lab technician analyzes samples such as body fluids and chemicals. They assist scientists and medical personnel with tasks such as keeping records and conducting tests." They do not have patients, or work with the public, they work for them, to make scientific analises. Hope this help!!

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