in 3 hours, the u.s. can produce 9 bottles of milk. in 7 hours, the u.s. can produce 28 barrels of oil. what is the opportunity cost of producing 1 barrel of oil (in terms of bottles of milk)? round your answer to two decimals.

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Answer 1

in 3 hours, the u.s. can produce 9 bottles of milk. in 7 hours, the u.s. can produce 28 barrels of oil. Then,  the opportunity cost of producing 1 barrel of oil (in terms of bottles of milk) is 0.75.

Here given that in 3 hours, the u.s. can produce 9 bottles of milk. in 7 hours, the u.s. can produce 28 barrels of oil.

9 bottles / 3 hours = 3 bottles of milk per hour

Therefore, in 7 hours, the U.S. could produce:

3 bottles/hour ×7 hours = 21 bottles of milk

Now one can calculate the opportunity cost:

Opportunity cost of 1 barrel of oil = 21 bottles of milk / 28 barrels of oil

Opportunity cost of 1 barrel of oil ≈ 0.75 bottles of milk (rounded to two decimal places)

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Related Questions

When calculating a feeder or service load for existing installations, if the maximum demand data for a 1-year period is not available, the calculated load shall be permitted to be based on the maximum demand (the _____ kilowatts reached and maintained for a 15-minute interval) continuously recorded over a minimum 30-day period using a recording ammeter or power meter connected to the highest loaded phase of the feeder or service, based on the initial loading at the start of the recording.highest average220.87(1) Ex

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If the maximum demand data for a 1-year period is not available, the calculated load shall be permitted to be based on the maximum demand (the highest average is 220.87(1) kilowatts reached and maintained for a 15-minute interval)

What is a feeder in electricity?


In the context of electricity distribution systems, a feeder is a circuit that carries electrical power from a substation to a distribution network or to a group of customers. A feeder is typically a set of electrical conductors (such as overhead wires, underground cables, or busbars) that are designed to deliver power to a specific area or group of customers.

Feeders are an essential component of electrical power distribution systems and are used to manage the flow of electricity from the substation to the loads. The size and capacity of a feeder depend on the amount of electrical power it is intended to deliver and the number of customers it is designed to serve.

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the present gdp for country x is $325 with an annual growth rate of 10% , what is the future gdp for country x, 3 years from now? (round to the nearest dollar)

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The future GDP for country X, 3 years from now, would be approximately $446, rounded to the nearest dollar, given an annual growth rate of 10%.

To calculate the future GDP for country X, we need to apply the annual growth rate of 10% for three years to the present GDP of $325. We can do this by multiplying the present GDP by (1 + 10%)^3, which gives us $446.11. Rounding this to the nearest dollar, we get $446 as the future GDP for country X, 3 years from now.

It's important to note that this calculation assumes a constant annual growth rate of 10%, which may not necessarily be the case in reality.

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your study partner is confused by the upward-sloping short-run aggregate supply curve and the vertical long-run aggregate supply curve. how would you explain this? the short-run aggregate supply curve slopes upward because many production costs, particularly can be taken as . the long-run aggregate supply is vertical because all prices, including nominal wages, are fully in the long-run.

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The short-run aggregate supply curve slopes upward because many production costs, particularly can be taken as such.

This means that when the demand for goods and services in the economy increases, businesses will produce more in the short run, but this will come at an increasing cost as resources become scarce. This is reflected in the upward slope of the short-run aggregate supply curve.
The long-run aggregate supply curve is vertical because all prices, including nominal wages, are fully in the long-run. This means that when there is an increase in demand for goods and services in the economy, businesses will be able to produce more without facing increasing costs because they will be able to increase the number of workers and other resources that they use. This is reflected in the vertical slope of the long-run aggregate supply curve.
In summary, the difference between the upward-sloping short-run aggregate supply curve and the vertical long-run aggregate supply curve is due to the fact that in the short run, businesses face increasing costs as they produce more, while in the long run, businesses are able to increase production without facing increasing costs. This is reflected in the shape of the two curves.

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financial slack helps firms avoid . multiple choice question. free cash flow having to rely on internal financing the misuse of funds having to rely on external financing

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Financial slack helps firms avoid having to rely on external financing.

What is financial slack?

Financial slack is the difference between the actual cash balance and the cash balance that the organization would need to maintain its current operations (if it has no debt obligations or investment opportunities). Financial slack may be defined as the difference between current assets and current liabilities. Slack is the resources that an organization has beyond what is required to keep its current operations running. This could be interpreted as the quantity of financial resources that an organization keeps in reserve to cover unforeseen events that might occur.

What is external financing?

External financing refers to funds that are generated from sources outside of a corporation. When a business decides to raise capital from external sources, it typically does so through the sale of securities or by taking on debt. Companies may raise funds through bond issuance or by offering shares in the business to the public. External financing is the act of acquiring funds from outside sources, as opposed to relying on internal financial resources.

The correct option is "having to rely on external financing".

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when formulating a social media strategy, you might spend some time searching for official and unofficial company accounts, fan accounts, outdated and fake accounts. where should this information live?

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When formulating a social media strategy, the information about official and unofficial company accounts, fan accounts, outdated and fake accounts should live in a document or spreadsheet.

document or spreadsheet is easily accessible and shareable among the members of the team. This can be a social media audit document, which is a comprehensive overview of a brand's social media presence, including all the accounts and profiles associated with it. Keeping this information organized and up-to-date can help ensure that the social media strategy is effective and that the brand is accurately represented online.

What is social media?

Social media refers to online platforms and website that allow users to create, share, and exchange content and participate in social networking. Social media platforms can include social networking sites and various other online forums and communities. Social media has become a ubiquitous part of modern life, and has had a profound impact on how people interact, communicate, and consume information.

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Fill in the blank: ____ are more concerned with how training may affect the attainment of financial goals for the particular units they supervise.

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Managers are more concerned with how training may affect the attainment of financial goals for the particular units they supervise. Managers are the individuals in the company who make decisions, allocate resources, and direct the activities of others towards the attainment of targets.

Financial goals are specific, measurable, and achievable financial targets set by a business, corporation, or individual. Financial goals can be short-term, such as managing daily expenses, or long-term, such as retiring comfortably. Financial goals must be connected to the business's mission and vision. Managers must also assess the training's financial impact on the company, including return on investment (ROI), and overall effectiveness.

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Based on the W-2 form provided, what was the largest withholding? a) Medicare tax b) Federal income tax c) State income tax d) Social security tax

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Based on the W-2 form provided, the largest withholding was Federal income tax. Here option B is the correct answer.

To determine the largest withholding on the provided W-2 form, we need to look at the amounts withheld for each of the taxes mentioned. The form shows that the employee had a total of $7,000 withheld for federal income tax, $4,340 withheld for Social Security tax, $1,015 withheld for Medicare tax, and $1,050 withheld for state income tax.

Based on these figures, the largest withholding was for federal income tax, which amounted to $7,000. This is significantly more than any of the other taxes. Social Security tax was the next largest withholding, totaling $4,340, followed by state income tax at $1,050, and Medicare tax at $1,015.

It's important to note that the amount of tax withheld from an employee's paycheck can depend on a variety of factors, such as the employee's income level and the number of exemptions claimed on their W-4 form. The amounts shown on this particular W-2 form are specific to this employee's situation and may not be representative of other employees or situations.

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you are going to receive $5,000 at the end of each year for four years. if the annual discount rate is 7%, what is the present value of this income stream?

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The present value of this income stream is $16,119.27.

This is calculated by taking the amount of $5,000 received at the end of each year and discounting it back to the present day, taking into consideration the 7% annual discount rate.

For example, if we assume the payments are received at the end of each year, then the present value calculation would look like this:

Year 1: 5,000 / (1 + 0.07)^1 = 4,673.03
Year 2: 5,000 / (1 + 0.07)^2 = 4,367.36
Year 3: 5,000 / (1 + 0.07)^3 = 4,081.97
Year 4: 5,000 / (1 + 0.07)^4 = 3,814.82

The total present value of this income stream is then calculated as follows:

4,673.03 + 4,367.36 + 4,081.97 + 3,814.82 = $16,119.27

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whitewater rapids provides canoes to tourists eager to ride whitewater river's rapids. management has determined that there is one chance in a thousand of a customer being injured or killed. settlement of resulting lawsuits has an average cost of $850,000. insurance with a $100,000 deductible is available. it covers the costs of lawsuits, unless there is evidence of criminal negligence. based on cost-benefit analysis, what is the most that the business should pay for the insurance?

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Based on cost-benefit analysis, the most that the business should pay for the insurance is $750,000.

How to calculate the most that the business should pay for the insurance?

The probability that the business will need to pay out for a lawsuit is 1/1000 = 0.001.

The expected cost of a lawsuit will be 0.001 * $850,000 = $850.

The expected payout from the insurance will be (1 - 0.001) * $750,000 = $749,250.

This is because insurance covers the cost of lawsuits unless there is criminal negligence.

Therefore, the most that the business should pay for insurance is $749,250.

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debra king expects to need $76,000 for a down payment on a house in six years. how much would she have to invest today in an account paying 8.25 percent in order to have $76,000 in six years? (round answer to 2 decimal places, e.g. 52.75.)

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Debra King would need to invest $48,293.18  today in an account paying 8.25% in order to have $76,000 in six years.


We can use the formula for present value of a lump sum to solve this problem:

Present value = Future value / (1 + r)ⁿ

where r is the interest rate per period and n is the number of periods.

In this case, Debra needs to invest today to have $76,000 in 6 years at an interest rate of 8.25% per year. Since the interest is compounded annually, there will be 6 compounding periods.

Using the formula, we get:

Present value = 76,000 / (1 + 0.0825/1)⁶

Present value = 76,000 / 1.5736

Present value = 48,293.18

Therefore, Debra would need to invest $48,293.18 today to have $76,000 in 6 years at an interest rate of 8.25% per year.

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select all the correct answers. what were two effects of the lack of representation of the third estate in the estates-general?

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The lack of representation of the Third Estate in the Estates-General had two major effects. it caused the Third Estate to become increasingly angry and it led to an unequal taxation system

First, it caused the Third Estate to become increasingly angry and frustrated over the lack of power they had in their government. This anger was expressed in the National Assembly and ultimately led to the French Revolution.

Second, it led to an unequal taxation system. The Third Estate was forced to pay more taxes than the other two estates, which led to an increasing sense of unfairness and resentment.

This increased tension between the different estates and ultimately resulted in the collapse of the Ancien Régime.

In summary, the lack of representation of the Third Estate in the Estates-General had two major effects. It caused the Third Estate to become increasingly angry and frustrated, leading to the French Revolution.

It also led to an unequal taxation system which caused resentment and tension between the different estates and resulted in the collapse of the Ancien Régime.

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the amount of a product that would be offered for sale at a wide array of prices that would prevail in the market refers to:

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The amount of a product that would be offered for sale at a wide array of prices that would prevail in the market refers to the supply of the product.

What is supply?

Supply is the total amount of a commodity or service that a producer, or a group of producers, is willing to offer to the market at various price points during a particular period of time. As a result, supply is a fundamental principle in economics that reflects how much of a good or service is available to consumers at various prices.

In general, the supply of a product is influenced by several variables, such as price, production costs, technology, and others. Therefore, it is important to note that the supply of a product can fluctuate based on various factors, and therefore the price of a product can also vary accordingly, with a wide array of prices prevailing in the market.

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on january 1, nees manufacturing lends $10,000 to roberson supply using a 9% note due in eight months. calculate the amount of interest revenue nees will record on september 1, the date that the note is due.

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The amount of interest revenue nees will record on september 1, the date that the note is due is $604.

To calculate the amount of interest revenue Nees will record on September 1, we can use the following formula:

Interest Revenue = Principal x Interest Rate x Time (in years)

In this case, the principal is $10,000, the interest rate is 9%, and the time is 8 months (0.67 years).

Therefore, the interest revenue that Nees will record on September 1 is:

Interest Revenue = $10,000 x 0.09 x 0.67

Interest Revenue = $604

Thus, Nees will record $600 of interest revenue on September 1.

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A firm trying to compete with the leading firm in a competitive industry can try to negate the leading firm's competitive advantage through __. -direct imitation-engaging in perfect competition-substitution-value-added resources

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A firm trying to compete with the leading firm in a competitive industry can try to negate the leading firm's competitive advantage through value-added resources.

What is competitive advantage?

A competitive advantage is the unique competitive element that provides a business with a better advantage than its rivals. It allows the company to create greater profits than its rivals since it has something that they do not. It's a unique edge that a company has over its rivals, enabling it to create greater profits than them.

There are several techniques to negate the leading firm's competitive advantage, including value-added resources, direct imitation, substitution, and engaging in perfect competition. However, among all of these techniques, the most effective one is the use of value-added resources.

What are Value-Added Resources?

Value-added resources are the resources that a company owns, which are not readily available to its rivals. These resources allow the company to offer something unique to the market that its rivals cannot. It could be anything from a proprietary technology to a skilled workforce, and these resources allow the company to distinguish itself from its competitors.

When a company uses value-added resources, it creates a unique competitive advantage that cannot be replicated quickly. This is because the company has something that its rivals don't have, and it can leverage that advantage to increase its profits. Hence, we can conclude that value-added resources are the most effective technique for negating the leading firm's competitive advantage.

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______ refers to the idea that a firm is a bundle of resources and capabilities that is unique to the firm.

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Resource-based view refers to the idea that a firm is a bundle of resources and capabilities that is unique to the firm.

What is resource-based view?

The resource-based view is a strategic management approach that seeks to identify a firm's resources and capabilities as the key drivers of the company's performance and potential competitive advantage. As per this approach, a company's resources and capabilities are essential factors for achieving long-term competitive advantage rather than industry attributes such as economies of scale, global supply chains, or market growth. It contends that a company's unique resources and capabilities, rather than external variables, determine the company's strategic positioning and potential for long-term economic performance. According to this viewpoint, resources may be categorized into several types, including physical, financial, technological, human, and organizational. The company's unique capabilities, on the other hand, are derived from the ability to manage those resources strategically.

Resource-Based View aims to identify the company's distinct resources and capabilities as critical drivers of competitive advantage and economic performance over time. Rather than industrial characteristics like economies of scale or market growth, a company's resources and capabilities are considered to be the essential factors for maintaining a long-term competitive advantage. The primary goal of this approach is to determine the company's strategic position and potential for long-term economic performance by leveraging its unique resources and capabilities, rather than external factors.

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The clarity and tone of a message are improved when you use positive and courteous language.a. Unfortunately, we had a hard time completing the report; we deserve an extension.b. We still aren’t done with the report. We need an extension.c. We request a brief extension to complete the report.d. You should give us an extension on the report because we aren’t done yet.

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Using positive and courteous language enhances the clarity and tone of a message. The best revision for the given sentence is "We request a brief extension to complete the report." Thus, Option C is correct.

The revised sentence uses positive and courteous language by requesting an extension instead of demanding it. The use of the word "brief" shows consideration for the time of the person granting the extension. The sentence does not make excuses or dwell on the difficulties faced in completing the report, but rather focuses on the solution. This approach is more likely to elicit a positive response from the recipient of the message.

Using polite language also conveys respect and professionalism, which can help to establish positive relationships with colleagues and clients.

This question should be provided as:

The clarity and tone of a message are improved when you use positive and courteous language.

Choose the best revision for the following sentence.

A. Unfortunately, we had a hard time completing the report; we deserve an extension.B. We still aren't done with the report. We need an extension.C. We request a brief extension to complete the report.D. You should give us an extension on the report because we aren't done yet.

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assessment description discuss the highlights of your strategic plan and any modifications that need to be made. what additional information do you need to complete your capstone project paper what is your plan to attain that?

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Your strategy for achieving that is the additional information you need to finish your capstone project paper. Tracking your assessment progress toward goals can be made possible by having a strategic strategy in place.

The success of your firm can be directly impacted by each department's and team's progress when they are aware of the overall plan of the business, resulting in a top-down approach to tracking key performance indicators (KPIs). The highlights of your strategic plan are covered in the assessment description, along with any changes that need to be made.

A strategic plan comprising a goal, a strategy, and a tactic can look like this: Objective (what the organization wants): Over the following two quarters, boost online sales by 20%. Strategy (how the organization will obtain it): In the next two quarters, increase internet marketing and social media presence by 25%.

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kenny and tyler, who do not get along, were assigned to work on a spanish project together. instead of asking for a new partner, kenny decided to approach tyler to mend their relationship. kenny was using

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Kenny and Tyler, who do not get along, were assigned to work on a Spanish project together. Instead of asking for a new partner, Kenny decided to approach Tyler to mend their relationship. Kenny was using a strategy called  collaborative problem-solving.

Collaborative problem-solving is the process of working with others to identify and resolve a problem. It involves the pooling of resources, knowledge, and skills of individuals to find a solution that is satisfactory to all parties involved.

Collaborative problem-solving typically involves a team of people who work together to identify the problem, gather information, analyze the data, and propose potential solutions. It is a highly effective approach to problem-solving as it brings together different perspectives and experiences, which can lead to more creative and innovative solutions.

In this approach, both parties come together and work out their differences in order to complete a common goal. In this case, Kenny and Tyler need to work together to finish their Spanish project.

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In the short run, which of the following does not explain why real GDP falls when the price level falls?
a. flexible input prices
b. menu costs
c. money illusion
d. sticky input prices

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In the short run, menu costs does not explain why real GDP falls when the price level falls. The correct answer is option b.

Real Gross Domestic Product (GDP) is a macroeconomic measure that assesses the economic efficiency of a country. The real GDP is a macroeconomic calculation of the monetary worth of all the final goods and services created in an economy over a given period, such as a year or a quarter, measured in base-year costs. The real GDP falls when the price level falls, according to the Quantity Theory of Money.

The Quantity Theory of Money is a concept that describes the relationship between money and prices in the economy.

According to this theory, real GDP (Y) is determined by the following equation: Y = M x V / P

Where, M represents the quantity of money in the economy V represents the velocity of money in the economy P represents the price level in the economy. As we know, real GDP falls when the price level falls. This means that there is a negative relationship between real GDP and the price level. This relationship is influenced by a variety of variables in the short run, including flexible input prices, sticky input prices, menu costs, and money illusion.

However, in the short run, menu costs do not explain why real GDP falls when the price level falls.

Therefore option b is correct.

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Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations:
Fixed Element Variable Element Actual Total per Month per Liter for June
Revenue $12 $71,540 Raw materials $4.65 $29,230 Wages $5,600 $1.40 $13,860
Utilities $1,630 $0.20 $3,270
Rent $2,600 $2,600 Insurance $1,350 $1,350 Miscellaneous $650 $0.35 $2,590
While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $5,600 plus $1.40 per liter of gelato sold and the actual wages for June were $ 13,860. Via Gelato expected to sell 6,000 liters in June but actually sold 6,200 liters.
Required:
Prepare a report showing Via Gelato's revenue and spending variances for June.

Answers

A report based on Via Gelato's revenue, raw materials, wages, utilities, rent, insurance, and other miscellaneous details can be prepared by recording revenue variance, material spending variance, wages spending variance, utilities spending variance, and miscellaneous spending variance.

Revenue variance:

Actual revenue = 6,200 liters x $12 = $74,400

Expected revenue = 6,000 liters x $12 = $72,000

Revenue variance = Actual revenue - Expected revenue = $74,400 - $72,000 = $2,400 favorable

Spending variances:

Material spending variance:

Actual spending = $29,230

Actual liters used = $29,230 ÷ $4.65 = 6,287.10 liters

Expected spending = 6,000 liters x $4.65 = $27,900

Material spending variance = Actual spending - Expected spending = $29,230 - $27,900 = $1,330 unfavorable

Wages spending variance:

Actual spending = $13,860

Actual base wages = $5,600

Actual variable wages = $13,860 - $5,600 = $8,260

Actual liters used = $8,260 ÷ $1.40 = 5,900 liters

Expected spending = $5,600 + (6,000 liters x $1.40) = $14,200

Expected base wages = $5,600

Expected variable wages = $14,200 - $5,600 = $8,600

Wages spending variance = Actual spending - Expected spending = $13,860 - $14,200 = $340 unfavorable

Base wages variance = Actual base wages - Expected base wages = $5,600 - $5,600 = $0

Variable wages variance = Actual variable wages - Expected variable wages = $8,260 - $8,600 = $340 favorable

Utilities spending variance:

Actual spending = $3,270

Actual liters used = $3,270 ÷ $0.20 = 16,350 liters

Expected spending = 6,000 liters x $0.20 = $1,200

Utilities spending variance = Actual spending - Expected spending = $3,270 - $1,200 = $2,070 unfavorable

Miscellaneous spending variance:

Actual spending = $2,590

Actual liters used = $2,590 ÷ $0.35 = 7,400 liters

Expected spending = 6,000 liters x $0.35 = $2,100

Miscellaneous spending variance = Actual spending - Expected spending = $2,590 - $2,100 = $490 unfavorable

The report showing Via Gelato's revenue and spending variances for June is as follows:

Revenue variance: $2,400 favorable

Material spending variance: $1,330 unfavorable

Wages spending variance: $340 unfavorable

Utilities spending variance: $2,070 unfavorable

Miscellaneous spending variance: $490 unfavorable

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What will be Alpha Inc.'s return on equity if total asset turnover is0.85, operating profit margin is0.15, two-thirds of its assets are financed through equity, and debt burden is0.6?%(Answer in percentage points, .e.g. if ROE is0.15then enter 15 in the blank)

Answers

Alpha Inc.'s return on equity (ROE) is approximately 19.07%.

How to calculate?

To calculate Alpha Inc.'s return on equity (ROE), we can use the DuPont analysis formula: ROE = Profit Margin x Total Asset Turnover x Equity Multiplier. Let's break down the given information and solve for ROE step-by-step:

1. Operating profit margin is 0.15.
2. Total asset turnover is 0.85.
3. Two-thirds of assets are financed through equity, so the equity financing ratio is 2/3 (or approximately 0.67).
4. Debt burden is 0.6.

Now, we need to find the Equity Multiplier, which is calculated as:

Equity Multiplier = 1 / Equity Financing Ratio = 1 / 0.67 ≈ 1.49

Next, we can plug in the values into the DuPont analysis formula:

ROE = Profit Margin x Total Asset Turnover x Equity Multiplier
ROE = 0.15 x 0.85 x 1.49

ROE ≈ 0.190725

To express the answer in percentage points, we multiply by 100:

ROE = 0.190725 x 100 ≈ 19.07%

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which of the following is a true statement? multiple choice none of the options as long as exchange rates do not always move in the same direction, the firm can stabilize its operating cash flows by diversifying its export market. the firm should not get into new lines of business solely to diversify exchange risk because conglomerate expansion can bring about inefficiency and losses. all of the options

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Out of the given options, the true statement is - "as long as exchange rates do not always move in the same direction, the firm can stabilize its operating cash flows by diversifying its export market."

How can the firm stabilize its operating cash flows by diversifying its export market?

Foreign exchange risk can be reduced by diversifying the product market or sales markets, according to the statement "as long as exchange rates do not always move in the same direction, the firm can stabilize its operating cash flows by diversifying its export market."

The risk of earning less money on a sale in a foreign currency is known as foreign exchange risk. When a corporation sells to another country, it must sell goods in a foreign currency. The currency is frequently converted back to the company's local currency when it is paid.

The risk of selling in a foreign currency is that the currency will become less valuable than the corporation's home currency over time.

This could result in the corporation receiving less money than it anticipated. As a result, it is recommended that corporations diversify their sales markets or product markets in order to decrease foreign exchange risk.

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a company anticipates the cost to heat the building will be $45,000. product a take up 1000 square feet of space, while product b takes up 500 square feet. the activity rate per product using activity-based costing would be

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The activity rate per product using activity-based costing would be $30/sq ft.

To calculate the activity rate per product using activity-based costing, we need to first identify the cost driver or activity that causes the heating cost to be incurred.

Let's assume that the cost driver is the square footage of space occupied by each product. In that case, we can calculate the activity rate per product as follows:

Total square footage = 1000 + 500 = 1500 sq ft

Activity rate per product = Total heating cost / Total square footage

= $45,000 / 1500 sq ft

= $30/sq ft

As a result, $30/sq ft is the activity rate per product when adopting activity-based costing.

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Which of the following is a situation that might call for an indirect strategy?a. When trying to facilitate use of proper wordsb. When preventing frustrationc. Respects the feelings of the audience

Answers

"Respecting the feelings of the audience" might call for an indirect strategy. Thus, C is correct.

Indirect strategy is a communication approach that involves using subtle cues or hints to convey a message instead of being direct. This strategy may be used to show respect or sensitivity towards the emotions or beliefs of the audience. For instance, when addressing a sensitive topic such as someone's weight or personal beliefs, an indirect approach may be more appropriate to avoid causing offense or discomfort.

Indirect strategy can also be useful when dealing with someone who is defensive or resistant to direct communication. In such cases, a more subtle approach may help to prevent frustration and encourage open dialogue.

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Reviewing related party transactions to confirm that they are properly recorded is an example of verifying financial statement ___________ of assets.

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Reviewing related party transactions is a way to ensure that these transactions are properly recorded and reported in the financial statements accuracy of assets is an important step in the audit process.

The auditor must review all related party transactions and confirm that the transactions were recorded accurately and in accordance with the terms of the agreement. This includes confirming that the amounts reported are consistent with the amounts agreed upon in the related party agreements.

Additionally, the auditor must ensure that the related party transactions are recorded in accordance with the applicable accounting standards.

This may involve reviewing supporting documents such as contracts and invoices to ensure that the amounts reported reflect the actual amounts incurred.

Additionally, the auditor must ensure that the related party transactions are properly classified in the financial statements, as this can have a material impact on the accuracy of the reported financial statements. By performing these procedures, the auditor can ensure that the financial statement accuracy of assets is verified.

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fred has begun his first sales job, and the company has trained him in product knowledge. in which two major areas does fred still need additional training?

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Although Fred has been trained in product knowledge, he still needs additional training in customer service and sales techniques.

Customer service is essential for understanding and helping customers, while sales techniques involve being able to assess customer needs and being able to market and sell the product accordingly.

Sales techniques involve being able to understand customer needs, selling strategies, and closing the sale. It also involves being able to follow up with customers, answer questions, and track customer relationships.

With additional training, Fred can become more knowledgeable about customer service and sales techniques, which will help him be a successful salesperson.

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multiple choice question remaining is the key to an organization's success in changing times. multiple choice question. flexible inflexible stable consistent

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The remaining key to an organization's success in changing times is consistent.

What is consistent?

Consistent means the quality of achieving a level of stability and maintaining continuity by doing a task in a reliable and disciplined manner. It can be determined by the degree to which an individual repeats a pattern, and the extent to which they avoid doing things differently even though it may appear appealing. It involves concentrating on the job at hand and finishing it in a dependable and repetitive manner.

If people are always doing the same thing in the same manner, then there will be no surprises or problems. Furthermore, it is an essential feature of successful businesses. Consistent efforts are necessary for attaining any goal, and they play a vital role in a company's success.

Consistent efforts allow an organization to maintain the quality and remain ahead of competitors. This kind of approach helps in the decision-making process, especially when it comes to bringing in new strategies or modifications.

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Answer:

flexible

Explanation:

our company wrote a check for $200 but mistakenly recorded the transaction in the general journal as $20. how would this error be included on the bank reconciliation? group of answer choices

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The error of writing a check for $200 but mistakenly recording the transaction in the general journal as $20 would be included on the bank reconciliation as an outstanding check. In bank reconciliation, a business compares its bank statement with its own accounting records to reconcile any discrepancies.

An outstanding check refers to a check issued by a company that has been recorded in the company's general ledger but has not been processed by the bank. This error would result in a discrepancy between the balance in the company's bank account and the balance in its accounting records.

In this situation, the company has written a check for $200 but recorded the transaction as $20 in its general journal. This means that the accounting records would show an incorrect balance of $20, whereas the bank statement would show the correct balance of $200. To correct this error, the company would need to add $180 ($200 - $20) to the accounting records to match the balance on the bank statement. This $180 would be included in the reconciliation as an outstanding check.

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hange in the asset turnover ratio from 2.0 to 1.8 would indicate a.an increase in the effectiveness of assets in producing sales. b.a favorable trend in using assets to generate sales. c.an unfavorable trend in using assets to generate sales. d.none of these choices are correct.

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The change in the asset turnover ratio from 2.0 to 1.8 indicates an unfavorable trend in using assets to generate sales. The correct option is c.

Asset turnover is a financial ratio that compares the total amount of company revenue to the total amount of assets in use. Asset turnover is used to assess the productivity of a company's assets. The formula for asset turnover is as follows: Sales / Total Assets = Asset Turnover. This ratio measures the efficiency of a company's use of its assets to generate revenue. It is calculated by dividing a company's total sales by its total assets. A decrease in the asset turnover ratio suggests that the company is less efficient at using its assets to generate sales, meaning fewer sales per asset.

In this case, the decrease in the asset turnover ratio indicates that the company is becoming less effective at using its assets to produce sales. While it is possible that this could be due to a decrease in sales, it is more likely that the decrease is due to an increase in the company's assets. This means that the company has increased its assets, but is not able to generate enough sales to make up for the increase.

Overall, the decrease in the asset turnover ratio is indicative of an unfavorable trend in the company's ability to use its assets to generate sales. It suggests that the company needs to better manage its assets in order to generate more sales. Hence, the correct option is c.

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The client ___ the new marketing plan

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"The client approved the new marketing plan."


In the given blank space, the correct word that can be used is "approved". The word "approved" signifies that the client agreed to the new marketing plan that has been presented by the team or the company. The company or the team made the new marketing plan with some new strategies or techniques to implement in the new plan.

After the presentation, the client must have found the plan attractive and then he/she agreed to the plan, and the client approved the new marketing plan.

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