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tigry1 [53]
2 years ago
14

A need is something required. For example, food is a need. However, eating at a restaurant is not a need. Gas to get to work is

a need. However, gas to go on a vacation is not a need. List items you didn't need. How much did you spend on these items?
Business
1 answer:
Nonamiya [84]2 years ago
5 0

The amount spent on these items is based on preference and the availability of resources available to us. It should be noted that you'll have to spend on a need more than a want due to the limited resources that are available to us.

<h3>What is a consumer's need?</h3>

In economics, a need refers to anything individuals require to exist. It is considered to be necessary and important for the functioning of life. Examples include:

  • Food,
  • Water, and
  • Shelter.

However, a want is anything that is desired. A want is anything that will enhance your living experience and level of happiness. In economic terms, it is described as an individual's insatiable desire to own items or services that provide fulfillment.

From the information given:

Eating at a restaurant, or gas to go on vacation is not a necessity, so it may be referred to as something you want.

The amount spent on these given items is based on preference and the availability of financial resources available to us.

Learn more about human needs here:

brainly.com/question/22395260

#SPJ1

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Canine Industries anticipates investment in equipment designed to improve the efficiency of its operations. The company anticipa
pogonyaev

The amount of after-tax cash flows for Company C on its investment is $37,500.

<h3>What is an after-tax income?</h3>

After-tax income is the gains earned by the company in an accounting year that remain after adjusting its income taxes.

Given values:

Revenues: $10,000

Savings: $40,000

Total investment income: $50,000 ($10,000 + $40,000)

Rate of tax: 25%

Computation of after-tax cash flows of an investment project:

\rm\ After-tax \rm\ cash \rm\ flows=\rm\ Total \rm\ investment \rm\ income - (\rm\ Total \rm\ investment \rm\ income \times\ 25\%)\\\rm\ After-tax \rm\ cash \rm\ flows= \$50,000- (\$50,000 \times\ 25\%)\\\rm\ After-tax \rm\ cash \rm\ flows=\$37,500

Therefore, $37,500  is the value of after-tax ash flows being earned from the investment in equipment.

Learn more about the after-tax income in the related link:

brainly.com/question/14310665

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5 0
2 years ago
Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $24,500. In addition,
stiks02 [169]

Answer:

Cost basis= $29,150

Explanation:

Cost basis refers to the initial purchase price of an asset that is used for tax purposes. It is the initial amount invested in an asset in addition to any commission's or fees.

Capital gains is the difference between the sale price and the the cost basis of an asset.

Tracking cost basis is necessary for determining the success of an investment and also for tax purposes.

We will sum the following to get the cost basis

Purchase price= $24,500

Shipping cost= $650

Paint= $1,000

Sales tax= $3,000

Cost basis= 24,500+ 650+ 1,000+ 3,000

Cost basis= $29,150

5 0
3 years ago
List and briefly explain five activities for which a purchasing department normally has responsibility.
Norma-Jean [14]
The 24 statements is that your list and brief statement explains the five activities for what a purchasing department normally has for responsibility.  

6 0
3 years ago
If the MB of polluting increased, then what would happen to the optimal level of pollution? Multiple Choice Print Unsure Decreas
Nuetrik [128]

Answer: If the MB of polluting increased, then what would happen to the optimal level of pollution? The optimal level of pollution will decrease.

Explanation: When the Marginal Benefit of pollution increases, the optimal level of pollution will decrease.

If the marginal benefit of reducing pollution were higher than the marginal cost of reducing pollution, then society would benefit from a decrease in pollution. The advantage would be equal to the amount by which the marginal benefit of the cleanup exceeded the marginal cost of the clean up.

6 0
4 years ago
1. What determines the degree of specialization within an organization?
Aneli [31]

1. What determines the degree of specialization within an organization? The organizational structure of the company determines the degree of specialization within an organization. Dependent on how the organization is broken up into categories allows the organization to figure out how they are able to control and break down their organizations speciality.


2. What three steps are involved in delegation? The three steps involved in delegation include: Assigning responsibility, granting authority and creating accountability. Assigning responsibility refers to giving those who are able to perform a task the duty to perform it. Granting authority is giving someone authority to make a power decision in a given situation to complete the task. Creating accountability refers to making sure an employee knows they are to finish the task and needs to be successful in doing so.


3. How does a firm's top management influence its degree of centralization? Centralization refers to the control or lack there of under different authority within an organization. If the firms top management is strict on their structure the organization will probably be on a tight chain when it comes to who has authority. Likewise, if the firm’s top management was more laid back, they would likely give more people authority to make decisions.


4. Contrast line-and-staff and matrix forms of organizational structure? Line and staff structures within an organization refers to the many different types of functions within an organization. A matrix form refers to transformation within a category that movies items into their set, special properties.

6 0
4 years ago
Read 2 more answers
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