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Assoli18 [71]
1 year ago
12

A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio

n, it served a small community that would now have to travel another 20 miles to the nearest grocery store. With help from a local realtor and banker, the couple purchased the store, remodeled it, and reopened it. As new store owners, they had to carefully watch cash flow. As their customer base began to grow, they began offering hot food, and hired others to help with the operation. The economic benefit created in this story is called _______
Business
1 answer:
Vlad [161]1 year ago
5 0

As new store owners, they had to carefully watch cash flow. As their customer base began to grow, they began offering hot food, and hired others to help with the operation. The economic benefit created in this story is called <u>An Invisible Hand</u>

Explanation:

Invisible hand refers to an economic term that is  used to describe the unexpected benefits of a business venture which was started with the sole purpose of self benefit but later on that benefit is also enjoyed by the community as a whole

This  clearly states the economic  benefit which was unexpected in the business.

In the given Scenario  also, the couple occupied the business but, the benefits were completely unexpected and the growth rate was  also high as related to   investment made.

Thus, the correct phrase for such situation is:<u>Invisible Hand</u>

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Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
Phantasy [73]

Answer:

The fixed cost, variable cost per unit and the total cost is $3,800, $4 per unit ,and $6,000 respectively

Explanation:

1. The computation of the variable cost per unit is shown below:

= (High total cost -  low total cost) ÷ (High number of cavities - low number of cavities)

= ($6,500 - $5,200) ÷ (675 - 350)

= $1,300 ÷ 325

= $4

2. The computation of the fixed cost is shown below:

Fixed cost  = total cost -  Variable cost

                  = $6,500 - (675 × $4)

                  =  $6,500 - $2,700

                  = $3,800

3. And, the total cost for 550 cavities would be equal to

= Fixed cost + variable cost

= $3,800 + (550 cavities × $4)

=  $3,800 + $2,200)

=  $6,000

3 0
1 year ago
According to physicist and philosopher Albert Einstein, "Nothing will benefit human health and increase chances of survival of l
Darya [45]

Answer:

I agree with the statement. Recent researches show that production of beef meat is tremendously demanding of potable water (almost 200 litres of water per kg of beef meat).

Explanation: Watching what is happening in the world today with the climate change, and all the species besides humans that are in risk of extinction now because of these changes in environmental conditions, make me agree with the statement. Nevertheless, it is difficult for me to change my food habits, and I see difficult to change my diet by eating less meat. I think an important part of the behavioral change is to set different stages of change, and many people like me will benefit by using this smooth process to have a conscious mind aligned with consumption patterns

6 0
1 year ago
The selling price of a property is $96,000. this can be financed if the buyer can put 10 percent down and pay a loan origination
Romashka-Z-Leto [24]
The buyer must produce $10896
4 0
1 year ago
Vaughn Manufacturing has outstanding 596000 shares of $2 par common stock and 119000 shares of no-par 6% preferred stock with a
natima [27]

Answer: $107,900

Explanation:

Cumulative Preferred Shares refer to shares that a company has to pay dividends eventually. This means that if they are unable to pay for some years, they are to accrue that payment until they are able to.

There are 119000 shares of no-par 6% preferred stock with a stated value of $5.

That means preferred shares are liable to the following amount of dividends,

= 119,000 * 5 * 6%

= $35,700

Preferred Shares have not being paid for the past 2 years and need to be paid in the current year as well. That means 3 payments,

= 35,700 * 3

= $107,100

Preferred Shares are to be paid $107,100 out of the $215,000 with the rest going to common shares.

Amount going to Common Shares is,

= 215,000 - 107,100

= $107,900

Common Stockholders are to receive $107,900

7 0
1 year ago
Helen is a U.S. citizen and a CPA who moved to London, England, three years ago to work for a British company. This year, she sp
True [87]

Answer and Explanation:

$102100 is the foreign earned income exclusion limit for 2017 , therefore Helen who is a U.S. citizen can exclude $102100 from gross income in the U.S.

7 0
1 year ago
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