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- Suppose Natasha currently makes $ 50,000 per year working as a manager at a cable TV company. She then develops two possible entreprenuiral business opportunities. In one, she will quit her job to start an organic soap company. In the other, she will try to develop an Internet-based competitor to the local cable company. For the soap-making opportunity, she anticipates annual revenue of $ 465, 000 and costs for the necessary land, labor, and capital of $ 395, 000 per year. For the Internet opportunity, she anticipates costs for land, labor, and capital of $ 3, 250,000 per year as compared to revenues of $ 3, 275,000 per year. What opportunity should she persue? a) She would persue the soap business b) She would persue the Internet business c). She would continue working for the cable TV company.27-Muscat Electricity Distribution Company disconnected the electricity supply to a flat owned by a very poor family that was not able to pay electricity bills for the last 6 months . This action is: O aEthical and illegal O b Unethical and illegal Oc Unethical and legal O d Ethical and legalLast year, you estimated you would earn $5 millionin sales revenues from developing a new product.So far, you have spent $3 million developing theproduct, but it is not yet complete. Meanwhile,this year you have new sales projections that showexpected revenues from the new product will actually be only $4 million. How much should you bewilling to spend to complete the product development? [LO 1.2]a. $0 .b. Up to $1 million .c. Up to $4 million .d. Whatever it takes
- 1. Suppose Firm A has a budget of P1.5 million pesos in outsourcinginputs, labor and machines, that would lend support in its 1 yearoperation. Suppose further that the cost of labor for 1 year is P150,000and for a machine is P200,000. If it decides to hire 6 laborers, howmany machines would it accept?Critics of command-and-control policy often argue that regulationsare costly to business and industry, yet cost-benefitanalyses (p. 94) repeatedly show that regulations bring citizensmore benefits than costs, overall. Each year the U.S. Officeof Management and Budget assesses costs and benefits ofmajor federal regulations of administrative agencies. Resultsfrom the most recent report, covering the decade from 2003to 2013, are presented in the table (shown are averages fromranges of estimates). Subtract costs from benefits, and enterthese values for each agency in the third column. Divide benefitsby costs, and enter these values in the fourth column. For how many of the agencies shown do regulations exertmore costs than benefits? For how many do regulationsprovide more benefits than costs?Critics of command-and-control policy often argue that regulationsare costly to business and industry, yet cost-benefitanalyses (p. 94) repeatedly show that regulations bring citizensmore benefits than costs, overall. Each year the U.S. Officeof Management and Budget assesses costs and benefits ofmajor federal regulations of administrative agencies. Resultsfrom the most recent report, covering the decade from 2003to 2013, are presented in the table (shown are averages fromranges of estimates). Subtract costs from benefits, and enterthese values for each agency in the third column. Divide benefitsby costs, and enter these values in the fourth column. What percentage of total benefits from regulations comesfrom EPA regulations? Most of the benefits and costs fromEPA regulations are from air pollution rules resulting fromthe Clean Air Act and its amendments. Judging solely bythese data, would you say that Clean Air Act legislationhas been a success or a failure for U.S. citizens? Why?
- Critics of command-and-control policy often argue that regulationsare costly to business and industry, yet cost-benefitanalyses (p. 94) repeatedly show that regulations bring citizensmore benefits than costs, overall. Each year the U.S. Officeof Management and Budget assesses costs and benefits ofmajor federal regulations of administrative agencies. Resultsfrom the most recent report, covering the decade from 2003to 2013, are presented in the table (shown are averages fromranges of estimates). Subtract costs from benefits, and enterthese values for each agency in the third column. Divide benefitsby costs, and enter these values in the fourth column. Which agency’s regulations have the greatest excess ofbenefits over costs? Which agency’s regulations have thegreatest ratio of benefits to costs?PUP 48,213 UST 40,000 FEU 27,889 LRT2 200,000 passengers daily If 60% of PUP, 30% of UST, and 85% of FEU students take LRT2 daily and pays an average fare of Php25 per day… What is the total annual market size (revenue) of LRT2? What is the total annual market size (revenue) of the 3 schools? If operations is halted for 1 week, what is the projected loss in revenues? What is the market share (volume) of: PUP students? UST students? Feu students?Calculate Current ratio based on the following information Cash 15,000.00 Prepaid Insurance 5,540.00 Rent Payable 3,400.00 Accounts Receivable 5,860.00 Accounts Payable 14,500.00 Furniture 20,000.00 Automobile 48,500.00 Group of answer choices O. 2.59 O. 3.27 O. 5.30 O. 1.47
- 15. Please select all that are true regarding variable costs (VC): Variable costs must be more than revenue for profitability Variable costs per unit are assumed to be constant in the relevant range of output Total variable costs are from all Q produced Variable costs are the total cost of producing a good or service Variable costs change over time Variable costs are assumed to be proportionate to Quantity Variable costs are the marginal profit per unit Variable costs are less of a risk than fixed costs since FC remain even at zero Q2. As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.businessman. owns a florist shop. He buys each bunch of flowers for R O1.5 and special wrapping paper for R,03 per toll. Each roll of wrapping paper will wrap 350 bunches of flowers Rent of his premises is R.O 800 per month and he pays monthly insurance of R.0 250. -He sells each bunch of Rowers for R.O 2.50, Calculate his break Even Point and also how much Profit would he make if he has sold 2,50¢ bunch of flowers?