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deff fn [24]
2 years ago
9

Corner offices in high-rise office buildings usually cost more to rent than other offices. This BEST illustrates the economic co

ncept of: a. equilibrium. b. opportunity costs. c. scarcity. d. specialization.
Business
1 answer:
Neporo4naja [7]2 years ago
7 0

The best illustration of the economic concept is scarcity. Thus the correct option is (C).

<h3>What is Scarcity?</h3>

Scarcity refers to the limited or the shortage of the natural resources in the particular region. It is an economic concept which defines that there is the shortage to the infinite needs of the human beings because resources are finite.

According to the illustration the corner offices in the high rise building has the high rent because of the limited number of the high rise offices and the huge demand of the location.

Thus the correct option is (C).

Learn more about economic concept  here:

brainly.com/question/927463

#SPJ1

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In order to realize the strongest competitive advantage, firms engaged in worldwide competition must:_____.
m_a_m_a [10]

In order to realize the strongest competitive advantage, firms engaged in worldwide competition must C.<u> pursue a </u><u>strategy</u><u> that combines the uniformity of a global strategy and the specificity of a multidomestic strategy in order to achieve optimal results.</u>

<u />

Strategy is an movement that managers take to gain one or greater of the organization's desires. The strategy also can be defined as “A trendy course set for the company and its various components to acquire the desired country within the destiny. approach effects from the precise strategic planning procedure”.

A tactic refers to the particular moves taken to reach the set desires in line with the method. for example, enterprise A's method is probably to end up the cheapest issuer within the cellphone marketplace. Their managers then want to negotiate with suppliers to lessen the costs of the electronic components used in production.

Strategy is a standard plan to reap one or extra long-time period or normal desires under conditions of uncertainty.

Learn more about the strategy here: brainly.com/question/24769299

#SPJ4

6 0
2 years ago
During its most recent period, Raymond Manufacturing expected a job to cost $600,000 of overhead, $1,000,000 of materials, and $
Dima020 [189]

Answer:

Over-applied by $70,000

Explanation:

Overhead Rate: Expected overhead / Expected Labor cost

Overhead Rate: $600,000 / $400,000

Overhead Rate: 150% or $1.5 for every $1 cost of labor

Overhead Applied

Actual Labor Cost: $440,000

Overhead Applied: $440,000 * 150%

Overhead Applied: $660,000

Actual Overhead: $590,000

Over-Applied: Applied Overhead - Actual Overhead

Over-Applied: $660,000 - $590,000

Over-Applied: $70,000

4 0
4 years ago
Travis Corporation begins the year with $50,000 of tire inventory. The company purchases tires worth $150,000 during the year. A
bekas [8.4K]

Answer:

$170,000

Explanation:

Given that,

Travis Corporation begins the year with $50,000 of tire inventory that means inventories in the beginning of the year.

Purchases of tires during the year = $150,000

At the end of the year,

Purchase cost of remaining inventory = $30,000

Therefore,

Cost of goods sold:

= Beginning inventories + Purchases - Ending inventories

= $50,000 + $150,000 - $30,000

= $200,000 - $30,000

= $170,000

6 0
3 years ago
A tax rate on a building with a $530,000 taxable value is 4.5 mills per thousand dollars of assessed valuation. What is the annu
yaroslaw [1]

Answer:

C: $2,385

Explanation:

A tax liability by definition is basically known as debt owed by a corporation or an individual to a tax authority like the Internal Revenue Service(IRS). To solve this question, set it up like this;

If $1,000 pays 4.5mills in taxable value, then 530,000 would pay how much?

If $1000 = 4.5

then tax liability on $530,000 would be= (530,000 *4.5) / 1,000

= 2,385,000/ 1000

= $2,385

6 0
3 years ago
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
lara [203]

Answer:

The correct answer is $13.900.

Explanation:

To carry out the verification balance, the nature of the accounts presented in the normal balance of the organization must be taken into account. We have that the assets and income have a debit nature, so it is necessary that the corresponding to that premise are:

Accounts receivable $ 1,800 - Active

Insurance expenses $ 1,300 - Expenses

Prepaid insurance $ 2,000 - Expenses

Land $ 3,000 - Active

Cash $ 3,200 - Assets

Salary Expenses $ 1,400 - Expenses

On the other hand there are accounts that despite being of a credit nature, have credit movements as a result of ordinary activities, which would be:

Dividends: $ 1,200 - Debit nature liability

TOTAL DEBITS: $ 13,900

8 0
3 years ago
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