Answer:
b. The signs of instability and growing unrest along with totalitarian tendencies seen in these countries
Explanation:
When a company invests money in a foreign country, they analize the economy of the country and the political environment, among other factor to be sure that there is stability in the country, the government and the laws so they can feel that their investment is safe. When these conditions are not guaranteed, businesses are less willing to make an investment. According to this, the conditions that are most likely to act as a deterrent for foreign firms willing to do business with former Communist nations of East Europe and central Asia is the signs of instability and growing unrest along with totalitarian tendencies seen in these countries as they feel that there can be changes at any moment that can make them lose money.
Government policies should be designed to help maximize an economy’s GDP. Is it True/False/Uncertain and Explain?""
Answer:
The statement is: True.
Explanation:
The Gross Domestic Product (GDP) is the total dollar value of all goods an economy produces for a given time. GDP is the primary indicator of a country's economic health. A healthy economy typically sees employment opportunities and raising wages. A big change in GDP can have a big impact on stocks -for instance, and that is why investors worry about GDP growth. Thus, the government should provide guarantees through policies that will allow the country's GDP to grow, letting investments increase at the same time.
Caveat emptor is a Latin phrase that means "let the buyer beware." It was used to express the doctrine used by businesses during the 1900s that meant "what you see is what you get." Which of the following statements about this doctrine and its application is false?
a. Before the 1930s most people believed that competition and the action of the marketplace would, in time, correct abuses of the free-market system.
b. During the 1900s government became involved in day-to-day business activities regularly to limit the free-market system.
c. As government involvement has increased, so has everyone's awareness of the social responsibility of business.
Answer:
b. During the 1900s government became involved in day-to-day business activities regularly to limit the free-market system.
Explanation:
The doctrine stipulated that the buyers of goods and services should be careful of the market system and be smart about what they intended to purchase in the market. However, it didn't include the involvement of the government to control and regulate the market system. Therefore, the false option is option b.
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $4,000Salaries expense 1,500Accounts payable 2,000Retained earnings 4,400Utilities expense 1,000Supplies 12,400Service revenue 7,900Common stock 4,600 Use only the appropriate accounts to prepare an income statement.
Answer:
Explanation:
The preparation of the income statement is presented below:
Cowboy Law Firm
Income statement
At the end of December
Particulars Amount
Service revenue $7,900
Less: expenses
Salaries expense -$1,500
Utilities expense -$1,000
Net income $5,400
The day-to-day supervision of construction is the responsibility of the____________.
Answer:
The correct word for the blank space is: general contractor.
Explanation:
A general contractor is in charge of the everyday supervision of the activities within a construction. The general contractor achieves this by organizing all the employees within the construction, providing them with all the necessary tools and legal permits to perform their duties. General contractors are also in charge of the communication of information to all relevant individuals involved in the construction.
Beasley Company currently sells its products for $ 20 per unit. Management is contemplating a 10% increase in the selling price for the next year. Variable costs are currently 30% of sales revenue and are not expected to change in dollar amount on a per unit basis next year (the company will pay the same amount for variable costs next year). Fixed expenses are $ 56 comma 000 per year. What is the breakeven point in units at the anticipated selling price per unit next year?
Answer:
$ 3,500 units
Explanation:
Selling price per unit (next year):
= $20 + 10 % of $20
= $22
Variable cost per unit (next year):
= $20 × 30 %
= $6
Contribution per unit (next year):
= Selling price per unit (next year) - Variable cost per unit (next year).
= $22 - $6
= $16
Fixed expenses = $56,000
Break even point (in units):
= Fixed expenses ÷ Contribution per unit.
= $56,000 ÷ 16
= $ 3,500 units
Final answer:
The breakeven point for Beasley Company next year is 3,500 units. This is calculated using the new selling price of $22 per unit after a 10% increase, with the variable costs remaining at $6 per unit and the fixed expenses at $56,000 per year.
Explanation:
To calculate the breakeven point in units for Beasley Company, we need to use the new anticipated selling price after the 10% increase. The current selling price is $20, so the new price will be $20 + ($20 × 10%) = $22 per unit. The variable costs, which are 30% of the sales revenue, will remain at $6 per unit ($20 × 30%), since they are not expected to change on a per unit basis next year. Therefore, the unit contribution margin will be the new selling price minus the variable costs, which is $22 - $6 = $16 per unit.
With the fixed expenses at $56,000 per year, we can find the breakeven point in units by dividing the fixed expenses by the unit contribution margin:
Breakeven Point in Units = Fixed Expenses / Unit Contribution Margin
Breakeven Point in Units = $56,000 / $16 per unit
Breakeven Point in Units = 3,500 units
So, Beasley Company will need to sell 3,500 units at the new price of $22 per unit to breakeven next year.
The information that managers draw from both the internal and external information systems to make decisions is called
Answer:
The correct answer is letter "A": business intelligence.
Explanation:
Business Intelligence (BI) is the group of processes, applications, and technologies that facilitates the fast and easy acquisition of information coming from business management systems for its analysis and interpretation in a way that they can be taken as an advantage to make better decisions.
In one hour, the United States can produce 25 tons of steel or 250 automobiles. In one hour, Japan can produce 30 tons of steel or 275 automobiles. Draw the Production possibility Frontiers. For each country compute the opportunity cost ratios for cars and steel. Which country has the absolute advantage in the production of steel? Which country has the absolute advantage in the production of cars? Within what range will trade take place
Answer:
Production Possibility Frontiers for Two Countries find in attachments.Opportunity cost for America for automobile production is less as compared to for Japan, for producing 50 more units of Automobiles America has to forgo 5 tons of Steel where as for Japan to produce 100 more units of Automobiles Japan has to forgo 7 units of steel. Japan has absolute Advantage in production of both Automobiles and Steel but it has comparative advantage in production of steel as it is 1.2 times better at producing steel as it is on automobiles as which is only 1.1 times more of what America produces.America has comparative advantage in the production of Cars as its opportunity cost for producing cars is less than Japan.The trade between two countries is possible at Japan producing more of Steel and America producing more of Cars.Explanation
Figure 1-A showing America's Production Possibility Frontier, where on x Axis Steel Production per hour and on Y-Axis Automobiles or Cars Production. The Maximum level of Automobiles America Produces is 250 spending all of its resources over production of Automobiles where as 25 tons Steel maximum it can produce spending all of its resources producing Steel so the line between the two maximum attainable points is the production possibility frontier for cars and steel per hour for America.
Figure 1-B showing Japan's production possibility Frontier, where on Y-Axis is the 275 cars which it can produce spending all of its resources and on X-Axis the 30 tons of steel and line joining both is the production possibility frontier for Japan.
Table 1 and Figure 2, showing opportunity cost for America and Japan where two production possibility frontiers are drawn in one graph and diff levels of trade off's between cars (y-axis) and steel (x-axis) are compared
from the table the conclusion about the absolute and comparative advantage can be drawn as japan produces higher levels of both products so it has absolute advantage of producing both cars and steel over America , but Japan produces 1.1 times more cars then America and 1.2 times more Steel then America indicating it has comparative advantage in producing steel then Cars, however comparative advantage in true sense is when the opportunity cost for producing a product is less compared to producing other the graph in Figure 2, shows that for America if production of cars reduces from 150 to 100 America produces 5 tons more steel from level 10 to 15 at x-axis where as for same levels if Japan reduces its production from 150 to 100 Japan produces 8 tons more steel. so opportunity cost for producing more steel for Japan is less as it has to forgo lesser number of cars compared to America if America has to produce 8 tons more steel it has to forgo more of its cars as compared to Japan.
The trade between two countries is possible at levels where both has comparative advantage the output (global production) will be greater if both countries trade at levels where they have advantage like America should trade at levels where it spends more of its resources producing cars and Japan should trade at levels where it produces more of its resources producing Steel. A country can not forgo production of a product where it does not have absolute or comparative advantage as it would lead to sect-oral unemployment.