Problem Set 8 1.Your Aunt Imelda is thinking about opening a pub. She estimates that it would cost € 500 000 per year to rent the premises‚ buy a license to serve alcohol and to buy in enough Murphy’s Irish Stout from the brewery. In addition‚ she would have to leave her € 50 000 per year job as an accountant. a) Define opportunity cost. When making a decision between options A and B‚ the opportunity cost of choosing A is what you could have won if you would have chosen option B. That is‚ what
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Exercises Audience relationship: The “You” Attitude Rewrite these sentences to reflect your audience’s viewpoint: 1. Your e-mail cannot be processed; we request that you use the order form on our website instead. Please use the order form on our website to enable to process ur email. 2. We insist that you always bring your credit card to the store. Please always bring your credit card to the store. 3. We want to get rid of all our CRT monitors to make room in our warehouse for the new LCD flat screen
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Chapter 13 Inventory Management Answers to Discussion and Review Questions 1. Inventories are held (1) to take advantage of price discounts‚ (2) to take advantage of economic lot sizes‚ (3) to provide a certain level of customer service‚ and (4) because production requires some in-process inventory. 2. Effective inventory management requires (1) cost information‚ information on demand and lead time (amounts and variabilities)‚ an accounting system‚ and a priority system (e.g.‚ A-B-C)
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Exercises for Chapter 1 1. Ming started a business with $3‚000 cash. He used $1‚200 of the cash to buy office equipment. (a) Find the assets‚ capital and liability of Ming’s business. Assets: Cash ($1‚800) & Office equipment ($1200) Capital: $3‚000 Liability: $0 (b) What is the amount of total resources in Ming’s business? A. $3‚000 B. $6‚000 C. $1‚800 D. $4‚800 2. ‘Total assets must equal to total capital plus total liability.’ Do you agree? Why? Yes‚ resources owned by a firm (assets) must be either
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Learning Team Deliverable Week 4 Learning Team Deliverable TA-4D) Recessions seem to show up every so often and create economic hardship. One might think that macroeconomic policymakers could tame the business cycle and implement policies that would end recessions. Are recessions a necessary fact of macroeconomic life? If not‚ what would it take to eliminate them? If they are unavoidable‚ what types of business can benefit from them? How would a recession affect your
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Chapter 13 Student: ___________________________________________________________________________ 1. As an exporter‚ according to the opening case‚ which of these is a key problem for Megahertz Communications? A. Credibility of foreign governments B. Financing C. Substandard products for foreign markets D. Language E. Country specific technical standards 2. In the United States‚ what percent of firms export‚ according to the U.S. Small Business Administration? A. Nearly 98 percent B. About 23 percent
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CHAPTER 1 Understanding the issues 1. (a) horizontal combination—both are marine engine manufacturers (b) vertical combination—manufacturer buys distribution outlets (c) conglomerate—unrelated businesses 2. By accepting cash in exchange for the net assets of the company‚ the seller would have to recognize an immediate taxable gain. However‚ if the seller were to accept common stock of another corporation instead‚ the seller could construct the transaction as a tax-free reorganization
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below by referring to the corresponding information or websites located above each question set (A-C). Answer the questions electronically in RED text or hand write the answers‚ scan the document‚ and upload it in this assignment box. A. Watch this 8 minute video clip about demand and answer the questions below: http://www.youtube.com/watch?v=lmr4-ocHjLA 1. Why is calculating elasticity important for businesses? - companies use it just how elastic something is. A change in quantity and price. The
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| |In this assessment you will have opportunities to provide evidence against the following criteria. | |Indicate the page numbers where the evidence can be found. | | | |You are
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