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3 years ago

1. Scarcity, also known as the basic problem of economics, is the result of the combination of two

1 answer:

7 0

The two factors that generate scarcity are related to the gap between limited resources and unlimited desires, generating an economic and social problem that impacts the lives of individuals.

<h3 /><h3>How to deal with scarcity?</h3>

For a country's economy not to be affected by scarcity, it is essential that there are strategic measures for the conscious use of scarce resources and the planning of public policies for social and economic development.

Therefore, scarcity must be fought with efficient allocation of resources, to avoid that the demand for a resource is greater than the supply and there is an economic imbalance.

Find out more information about scarcity here:

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Morgan Company's budgeted income statement reflects the following amounts: sales Purchases Expenses January $121,000 $79,000 24,

lana66690 [7]

Answer:

$115,250

Explanation:

The computation of the budgeted cash receipts in February month is shown below:

= Sales collected in February month + sales collected in January month - balance in accounts receivable

where,

Sales collected in February month equals to

= $111,000 × 50%

= $55,500

Sales collected in January month equals to

= $121,000 × 25%

= $30,250

And, the balance of accounts receivable

= $59,000 - $29,500

= $29,500

Now put these values to the above formula

So, the value would equal to

= $55,500 + $30,250 + $29,500

= $115,250

3 0

3 years ago

The following is an example in which the proposed method is applied to a fixed asset with an original cost of $248,000, an estim

Alexus [3.1K]

The purpose of accounting for depreciation is to allocate the cost of a tangible or physical asset over its useful life.

<h3>What is depreciation?</h3>

It should be noted that depreciation simply means the wear and tear of a product based in usage. <em>Depreciation</em> shows how much of an asset has been used.

The scope of generally accepted accounting principles aims to improve the clarity and consistency if the communication of financial information. The five principles include:

Revenue recognition.

Cost principle.

Matching principle.

Objectivity principle.

Full disclosure.

The president’s proposal is within the scope of generally accepted accounting principles. It should be noted that depreciation doesn't guarantee funds.

Learn more about depreciation on:

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4 0

2 years ago

Why do you think celebrities bother to involve themselves in politics?

vova2212 [387]

Answer:

Answer in explanation.

Explanation:

I think that celebrities bother to involve themselves in politics to try and make a statement or gain more fame and followers. Oftentimes, you see celebrities speaking on world events such as the BLM act, global warming, wildfires, or the pandemic that is still ablaze. As we all know, all politicians have their strong opinions but the points do not always get across when just the politicians talk about it. Sometimes, celebrities feel the need to speak on a topic that may be popular in the world of politics just to shine a light on it or even to get more attention. In conclusion, I feel that celebrities try to worm their way into politics because I believe that they think that it will make an impact.

7 0

3 years ago

Vandalay Industries manufactures two products: toasters and blenders. The annual production and sales of toasters is 2,200 units

zzz [600]

Answer:

$35.085

Not in options.

Explanation:

As for the provided information,

Details of Production are:

Toasters = 2,200 units

Blenders = 1,500 units

Hours required for each unit are:

Toasters = 1.25

Blenders = 1

Now, therefore, total hours of direct labor

Toasters = 2,200 $\times$ 1.25 = 2,750

Blenders = 1,500 $\times$ 1 = 1,500

Total hours = 4,250

Thus, total overheads = $149,115

Rate per hour = $149,115/4,250 = 35.085

Based on the information given the answer is $35.085, although this is not in the option.

Therefore, options provided are incorrect.

7 0

3 years ago

In the process of brainstorming his goals, Robert realized his Web business was more about money than creativity. His decision t

bixtya [17]

From what I understand here, it is the company that will be creating the 5000 monthly income. This is an example of a specific measurable goal since the goal of Robert is to make sure that the monthly net income of his company would reach at least 5000. Since he is the boss of his company, this is also probably his personal mission for his company so that he will be motivated to keep on bringing his company to better heights. This will also probably motivate his employees to work harder as well.

6 0

3 years ago