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sladkih [1.3K]
1 year ago
15

John’s home is up for sale. He originally bought it five years ago for $300,000. Its current value is $350,000. His real estate

agent notified him that a buyer just made an offer on his home for $365,000, which is the price other similar homes in the neighborhood are selling for and John accepts. What does the price of $365,000 represent?
Business
1 answer:
Mumz [18]1 year ago
8 0

Answer:

Market value

Explanation:

The market value of a product is the price at which a buyer is willing to purchase a good irrespective of prevalent price of a commodity. It is that amount a buyer and seller are willing to strike a deal for given normal market conditions.

In this scenario John originally bought his five years ago for $300,000. Its current value is $350,000. His real estate agent notified him that a buyer just made an offer on his home for $365,000.

Despite the house now being $350,000, $365,000 is the market price at which the buyer and seller are willing to settle.

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What is the time of the slowest workstation in a production​ system?
GalinKa [24]

Correct/Complete Question:

What is the time of the slowest workstation in a production​ system?

A. utilization

B. bottleneck time

C. effective capacity

D. throughput time

Answer:

B, bottleneck time

Explanation:

A bottleneck in a production system refers to a constraint in the production system where supply takes the longest time to meet up with demand for a particular good.

In the production processes, bottleneck time is the time takencapacity of the ful in a certain process of production as a result of the limited capacity of the process, thereby reducing the entire production chain.

Simply put, a bottleneck is a delay in time of one of the production process thereby slowing down the entire production system.

Cheers.

3 0
1 year ago
Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration
Ierofanga [76]

Answer: Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration is an example of a(n) JOINT VENTURE, which is effective at transferring KEY KNOWLEDGE.

Explanation: A joint venture is a kind of business formation which involves the coming together of two or more independent companies retaining their individual identities but functioning in some areas as one.

The companies involved in a joint venture come together to share key ideas used to improve each other and also funding.

7 0
1 year ago
As specialization increases in an economy, businesses tend to experience: a.) an increase in self sufficiency due to businesses
Anuta_ua [19.1K]

Answer: a growing division of labor between employees with different skills

Explanation: apex

8 0
2 years ago
Read 2 more answers
Lana needs to create forms for tables in her database to ensure consistency with data entry. What is the easiest way to achieve
Rashid [163]

Answer:

Form wizard

Explanation:

In microsoft access, form wizard is a menu that user can choose to create forms with specific adjustment rather than pre-determined design in the normal form option.

Using form wizard, User can select the fields that he/she wants to include and letting you determine how the data is sorted and grouped.

3 0
2 years ago
A business owner makes 50 items a day. She spends 8 hours in producing those items. If hired elsewhere she could have earned $10
ElenaW [278]

Answer:

Option (a) is correct.

Explanation:

Given that,

Explicit costs = $10,000

Here, the implicit cost is the cost of sacrificing money income from job:

= $10 per hour × 8 hours a day × 30 days

= $2,400

Revenues:

= Items produced in a day × Selling price of each × 30 days

= 50 × $10 × 30

= $15,000

Therefore,

Economic profit for the month:

= Revenues - Explicit costs - Implicit cost

= $15,000 - $10,000 - $2,400

= $2,600

8 0
1 year ago
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