Answer:
C. <u>at least several</u>
Explanation:
Competitive advantage refers to a favorable situation or position a business enjoys over it's competitors owing to it's specialization or strength in performing a specific operation.
For example, in case of telecommunication, one company's competitive advantage could be superior network coverage with lower call drops than it's competitors.
In order to survive and grow, a business should try and gain competitive advantages in at least several fields and yet at the same time retain and maintain those competitive advantages over a period.
Answer:
The insurance cost should be allocated to the products made in January and to those made in February is $8,000 and $7,000 respectively.
Explanation:
For computing the allocated insurance cost, first, we have to compute the per labor rate which is shown below:
Per labor rate = (Annual premium) ÷ (Labor hours)
= ($120,000) ÷ (48,000 hours)
= $2.5
Now the insurance cost would be
For January = Labor rate per hour × number of labor hours\
= 3,200 hours × $2.5
= $8,000
For February = Labor rate per hour × number of labor hours
= 2,800 hours × $2.5
= $7,000
Answer:
D) a repudiation of the contract.
Explanation:
In contract law, the repudiation of a contract refers to refusal to perform the duties required by the contract. Anticipatory repudiation refers to notifying in advance that one party will not perform. Repudiation is generally considered a contract breach, since one party is refusing to perform.
In this case, Daily Bread Bakeries signed a contact with Enriched Flour, and even though Daily Bread was sold, the company that purchased it must continue with the contract. The repudiation made by Flat Bread's will most likely result in a lawsuit from Enriched Flour.
Answer: $17.84
Explanation:
The following can be reduced.fromcthe question:
Total Assets = $848,000
Total Debt = $402,000
Total equity = Total asset - total debt
= $848,000 - 402,000
= $446,000
Outstanding Shares = 25,000
Value per shares:
= $446,000/25,000
= $17.84
Value of shares repurchased =$40,000
Number of shares repurchased:
= $40,000/17.84
= 2,242.15
= 2242 approximately
Number of shares outstanding:
= 25,000 - 2,242
= 22,758
Value of shares outstanding:
= $446,000 - 40,000
= $406,000
Price of Shares = Value of shares/number of shares
= $406,000 / 22,758
= $17.84
Answer:
b. The slope of the budget constraint is the same for each woman.
Explanation:
Budget Line is the combination of two goods that a consumer can buy, given prices & money income (all spent).
Equation : p1x1 + p2x2 = m ;
where p1 & p2 are price of good 1 & 2 , x1 & x2 are quantities of good 1 & good 2 , m = money income
- Abby's Budget Line : 5I + 8N = 80
- Bobbi's Budget Line : 5I + 8N = 60
- Deborah's Budget Line : 5I + 8N = 40 [ I = Icecream, N = Novel ]
Slope of Budget Line represents change (sacrifise) of a good needed to get change (gain) of other good, given same prices & income.
Slope = ΔY/ΔX = Px / Py
Since prices are same for each woman, price ratios & hence the slope of budget line will also be same for all of them.
