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soldier1979 [14.2K]
1 year ago
9

Marco knows that he needs to score an "A" on his next test in order to keep his scholarship. To that end, he studies two hours e

very day until the day of the test. Marco is focusing on _____ goals.
Business
1 answer:
kondaur [170]1 year ago
6 0

Answer:

The correct word for the blank space is: content.

Explanation:

Content goals are those important or that have a high value. These objectives are typically involved in the personal or professional development of individuals. Content goals imply a higher involvement and usually are objectives that cannot be set aside compared to other goals.

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Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the sa
Tamiku [17]

Answer:

1. PES for pancakes is 2.45

2. Supply in the market for motorcycles is  less elastic than supply in the market for pancakes.

Explanation:

Price elasticity of supply is the responsiveness of quantity supplied to a change in price. it is calculated by dividing the % change in quantity supplied by the % change in price. Generally, it can be of two types:

  1. Price Elastic: Change in quantity supplied is higher than change in price. PES > 1
  2. Price Inelastic: Change in quantity supplied is lower than change in price. PES < 1

When calculated using the mid-point formula, this is the formula used:

<u>(Q2 - Q1) / [(Q2 + Q1)/2]</u>

(P2 - P1) / [(P2 + P1)/2]

1. We will now substitute the actual values of pancakes in place after identifying them from the question:

Equilibrium Quantity - 27 (Q1)

New Quantity - 109 (Q2)

Equilibrium Price - $6.50 (P1)

New Price - $10.75 (P2)

<u>(109 - 27) / [(109 + 27)/2] </u>

(10.75 - 6.50) / [(10.75 + 6.50)/2]

<u>1.21 </u>

0.493

Therefore, PES for pancakes is 2.45 (approx. two decimal places) suggesting it is price elastic.

2. In order to check whether motorcycles or pancakes are more elastic, we calculate the PES of motorcycles using the same method:

Equilibrium Quantity - 27 (Q1)

New Quantity - 61 (Q2)

Equilibrium Price - $6.50 (P1)

New Price - $10.75 (P2)

<u>(61 - 27) / [(61 + 27)/2]</u>

(10.75 - 6.50) / [(10.75 + 6.50)/2]

<u>0.77</u>

0.493

Therefore, PES for motorcycles is 1.56 (approx. two decimal places) suggesting it is price elastic. However, it is less price elastic than PES for pancakes.

One reason for this could be production time. Pancakes can be produced much faster than motorcycles. Therefore, it is more flexible to price changes.

4 0
1 year ago
The order of presentation of activities on the statement of cash flows is
Rufina [12.5K]

Answer:

Operating activities

Investing activities

Financing activities

Explanation:

In a cash flow statement, the activities of the organization are usually recognized in 3 parts namely; Operating activities, investing activities and financing activities.

The operating activities include elements such as net profit, non cash items, change in current assets and liabilities.

The investing activities include cash flows from the disposal and purchase of assets etc

The financing activities includes cash flows from the disposal and sale of shares etc.

The net cash flows from these activities is the netted off the cash balance at the beginning of the period to get the cash balance at the end of the period.

Hence the order of presentation of activities on the statement of cash flows is

Operating activities

Investing activities

Financing activities

6 0
2 years ago
swenson Saws produces bows, frame, dovetail, and tenon saws used by craft furniture makers. During an 8-hour shift, a saw is pro
RUDIKE [14]

Answer:

Given: Total shift time = 8 hours = 8 * 60 = 480 minutes

time required for production of one saw = 6 minutes

Demand for Bow saw = Demand for frame saw = Demand for dovetail saw = 1/2 * Demand of Tenon saw

a) Mixed model schedule:

Mixed model schedule

Product no. per batch

Bow Saw 1

Frame Saw 1

Dovetail Saw 1

Tenon Saw 2

Total 5

Therefore 2 Tenon Saw, and each bow, frame, and dovetail saws will be produced before the cycle is repeated.

b) 2 Tenon Saw, 1 bow, 1 frame, and 1 dovetail saws will be produced under production sequence for one unit production.

The length of cycle will be 5*6=30 minutes i.e. the cycle will repeat once in 30 minutes for 8 hours means totally it will repeat 16 times during one shift.

c) Number of saws Swenson produce in one shift = Number of Bow saw Swenson produce in one shift + Number of Frame saw Swenson produce in one shift + Number of Dovetail saw Swenson produce in one shift + Number of Tenon saw Swenson produce in one shift

Explanation:

7 0
1 year ago
Read 2 more answers
One of Justin's largest international customers is Alpine Airwaves in Switzerland. He got a call from his contact at Alpine Airw
Evgen [1.6K]

Answer:

Justin's company should prepare to demonstrate that it is ISO 14001 compliant.

This means that it is following the environmental management standards for environmental footprint and waste reduction, while promoting environmental sustainability in its operations.

Explanation:

ISO 14001 is one of the environmental management standards, prescribed by the International Organization for Standardization (ISO), "to help reduce environmental impacts, reduce waste, and make the environment more sustainable," according to the ISO website.  ISO 14001 specifies requirements for an effective environmental management system (EMS) by providing a follow-able framework.

3 0
1 year ago
Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first month of operations,
scoundrel [369]

Answer:

(a)unit cost of goods manufactured is $108.00

(b)unit cost of goods manufactured is $122.00

Explanation:

Varibale Product Costing = Direct Material + Direct Labor + Variable Overheads

Absorption Product Costing = Direct Material + Direct Labor + Variable Overheads + Fixed Overheads

<u>(a) the unit cost of goods manufactured- the variable costing concept</u>

Variable cost of goods manufactured ($1,620,000/15,000 units) = $108.00

unit cost of goods manufactured                                                     =  $108.00

<u>(b)  the unit cost of goods manufactured - the absorption costing concept</u>

Variable cost of goods manufactured ($1,620,000/15,000 units) = $108.00

Fixed manufacturing costs ($210,000/ 15,000 units)                     =    $14.00

unit cost of goods manufactured                                                     =  $122.00

8 0
2 years ago
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