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2 years ago

Select the correct answer from each drop-down menu.

Business

1 answer:

OverLord2011 [107]2 years ago

7 0

Answer:

A personal budget provides <u>a detailed account</u> of income and expenses for a <u>period.</u>

Explanation:

A personal budget is a plan of how one intends to spend their income. It shows the source of income and the total on one side. The expenses are listed on a different side. Each expenditure item is listed and its estimated amount is indicated. The total of all incomes and expenses is shown on their respective sides.

A personal budget may be prepared for a regular income say monthly, weekly, or quarterly payments. It can also be prepared for irregular incomes such as loans, gifts, or bonuses.

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Consider two neighboring island countries called Bellissima and Dolorium. They each have 4 million labor hours available per wee

liubo4ka [24]

Answer:

Bellisima's opportunity cost:

Production of corn per million hours of labor = 8 / 16 = 0.5 pairs of jeans
Production of jeans per million hours of labor = 16 / 8 = 2 bushels of rye

Dolorium's opportunity cost:

Production of corn per million hours of labor = 5 / 20 = 0.25 pairs of jeans
Production of jeans per million hours of labor = 20 / 5 = 4 bushels of rye

Dolorium has a comparative advantage int he production of rye while Bellisima has a comparative advantage in the production of jeans.

If both countries specialize:

Dolorium will produce 80 million bushels of rye.
Bellisima will produce 32 million pairs of jeans.

Total production of rye has increased by 12 million bushels.

Total production of jeans has increased by 9 million pairs.

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2 years ago

What are the different elements of working capital and explain actions that Management of a business entity might take to reduce

faltersainse [42]

The different elements of working capital are <u>current current asset and current liabilities</u>. The management of a business entity might take <u>ratio analysis</u> to reduce the cycle.

Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.

<h3>What is working capital management?</h3>

Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.

Therefore, learn more about working capital management: brainly.com/question/28287025

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9 months ago

Your family's house needs a new roof. in order to find out which roofers are reliable and charge fair prices, your family should

Alchen [17]

Your family should call your local Better Business Bureau. Hope this helps.

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2 years ago

Pls help me!! And thank you so much

marshall27 [118]

The answer will be C

i hope this helps

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2 years ago

Read 2 more answers

In the context of the firm's supply curve, as the firm produces more of a good, the cost of producing each additional unit ▼

klemol [59]

Answer: As the firm produces more of a good, the cost of producing each additional unit increases this implies that the marginal cost of producing a good increases as it makes more of that good.

Explanation: Marginal cost of a producer refers to the addition in total cost when one more unit of a good is produced.

It is given by $MC=\frac{Change in TC} {Change in Output}$

Refers to the following situations,

MC increases when adding output increases TC or Total Cost

MC decreases when adding output decreases TC

MC remains constant when adding output does not change TC

The supply curve of the firm is an upward sloping curve, which shows that quantity increases as price increases.

So, in relation to this, it means that MC will also increase as quantity increases.

7 0

2 years ago