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2 years ago

Scarcity exists when there are _______ resources available to satisfy all the competing uses.

Business

1 answer:

tamaranim1 [39]2 years ago

6 0

Scarcity exists when there are limited resources available to satisfy all the competing uses.

<h3>What is scarcity?</h3>

When the demand for a resource or a product is more than its actual supply in the market, such a condition in the market is regarded as scarcity. For example, in deserted regions there is a scarcity of water.

Hence, the significance of scarcity is aforementioned.

Learn more about scarcity here:

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bundle of meanings or characteristics associated with certain concrete, unambiguous events, objects, conditions, or situations?

Sloan [31]

Answer:

CONCEPT

Explanation:

It is known as "CONCEPT" in which the meanings collections are been accepted and associated with characteristics with certain objects and situations and conditions and events as well as behaviors.

In this it also classifies the events and as well as objects that are carrying similar characteristics.

We can also abstract such kind of meaning with are experience of abstraction.

8 0

3 years ago

Matrix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance

Bad White [126]

Answer:

Check the explanation

Explanation:

Cash flow from operating activities:

Net income $116

Adjustment to reconcile net income to cash basis:

Depreciation expense ($359+1-347) $13

Gain on sale of equipment (14)

Decrease in account receivable (40-39) $1

Decrease in inventory (44-43) $1

Increase in account payable (30-26) $4

Decrease in accrued liabilities (18-15) (3)

Decrease in income tax payable (40-39) (1)

Net cash flow from operating activities $117

5 0

3 years ago

Dividend Company is a are company that as been profitable and growing for a long time. In the most recent shareholders report, t

Vlad1618 [11]

Dividends= $ that people who bought stock in a company receive. Generally, these increase when the company is doing well.
Stock= becomes more expensive the better a company is doing and has been doing for a while because it is in higher demand.

I predict that the company's stock will rise because it is in higher demand based upon it's consistently doing well. Make sense?

4 0

3 years ago

Swifty Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each produc

Katen [24]

Answer:

$10.60 per direct labor hour

Explanation:

Calculation for the overhead rate

First step is to calculate the Direct labor hours for car wheels using this formula

Direct labor hours for car wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for car wheels= 40,000 * 1

Direct labor hours for car wheels= 40,000 hours

Second step is to calculate Direct labor hours for Truck wheels using this formula

Direct labor hours for Truck wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for Truck wheels= 10,000 * 3

Direct labor hours for Truck wheels= 30,000 hours

Third step is to calculate the Total direct labor hours

Total direct labor hours = 40,000 + 30,000

Total direct labor hours=70,000 hours

Now let calculate the Overhead rate using this formula

Overhead rate = Total estimated overhead costs / Total direct labor hours

Overhead rate= $742,000 / 70,000 hours

Overhead rate= $10.60 per direct labor hour

Therefore Overhead rate is $10.60 per direct labor hour

8 0

2 years ago

Select the true statement or statements regarding the loanable funds market. Foreign entities cannot save in the United States.

Shalnov [3]

Solution:

The following are the correct and incorrect options

Correct option: Households used to save and those savings are utilized for investment through the intermediaries like bank. Firms and governments take those funds for their investment acts.

Correct option: Foreigner can invest in the US (suppose foreign direct investment) but can’t save here, since there is difference in currency (suppose a foreigner earns in pond can’t save in US dollar).

Other options are not correct:

Incorrect option: Savings means personal savings, which are not yet kept into a bank.

Incorrect option: such purchases are investments but not savings.

3 0

3 years ago