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1 year ago

3. Analyze. Explain how scarcity is related

1 answer:

8 0

Scarcity is the condition wherein the mean to and end (that is resources required to achieve set goals) are limited in relation to the goals that need to be achieved.

Because of the above, one has to carefully make their choice while allocating the resources accordingly.

<h3>What is opportunity Cost?</h3>

When a choice is made between two competing alternatives, it means that one alternative has to be foregone. The alternative foregone is called the Opportunity Cost.

<h3>What is a rationing device?</h3>

A rationing device is a system that determines who receives what of limited commodities and resources.

Price is one of the most regularly employed rationing techniques in a capitalistic (market-based) economic system.

Those who are willing and able to pay the price for a certain commodity (or resource) can obtain it.

Learn more about Scarcity:
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Assume your employer offers a bonus of $7200. The only catch is that you must wait 6 years to take possession of the money. If y

a_sh-v [17]

Answer:

The minimum would be the present value of the bonus, which is 5,075.72 dollars

Explanation:

we have to discount the 7,200 dollar bonus at 6% discount rate for 6 years to get the present value of the bonus:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 7,200

time 6 years

rate 6% = 6/100 = 0.06

$\frac{7200}{(1 + 0.06)^{6} } = PV$

PV $ 5,075.7159

5 0

2 years ago

"James has just joined CoraTech Systems, where he has been assigned to Paul and Natalie for sources of information about the com

tankabanditka [31]

Answer:

C. Buddy System

Explanation:

As James has just joined CoraTech Systems, where he has been assigned to Paul and Natalie for sources of information about the company. Paul and Natalie introduce James to others at Coratech, give him an office tour, and assure him that they will meet him regularly for the first few weeks, to help him in the transition to the new company. In this scenario, Paul and Natalie are part of the CoraTech's buddy system. Buddy system is one of the important concepts used by HR managers where train and orientate new employees by assigning them someone from the workplace who has much working experience in order to get the new employee trained and familiar with the organization. This system motivates and encourages new employees to share their tools, technologies, knowledge and techniques gained from their previous job experience.

4 0

2 years ago

During 2018, Hardy Merchandising Company purchased $19,000 of inventory on account. Hardy sold inventory on account that cost $1

choli [55]

Answer:

[Find solution in the attachment]

a- 2)

Balance of accounts receivable at the end of 2018 = $2,400

Solution b:

Balance of accounts payable at the end of 2018 = $7,100

Solution c:

Gross margin = Sales - COGS = $21,400 - $14,300 = $7,100

Net Income = Gross margin - Operating expenses = $7,100 - $3,900 = $3,200

Solution d:

Cash flow from operating activities = Cash received from customer - Cash paid for accounts payable - Cash paid for operating expenses = $19,000 - $11,900 - $3,900 = $3,200

3 0

3 years ago

Millburn Corporation has acquired a property that included both land and a building for $ 510 comma 000. The corporation hired a

Sav [38]

Answer:

cost of land record = $206550

Explanation:

given data

market value of the land = $320000

market value of the building = $470000

acquired both land and building = $510000

to find out

amount should the corporation record the cost of land

solution

first we find market value to total assets that is

market value to total assets = market value of the land + market value of the building ......................1

put here value

market value to total assets = $320000 + $470000

market value to total assets = $790000

and

share of land in the total market that is

share of land in the total market = $\frac{market\ value\ of \ land}{total\ assets \ value}$ .......................2

put here value

share of land in the total market = $\frac{320000}{790000}$

share of land in the total market = 40.50 %

and

cost of land record = share of land in the total market × acquired both land and building .......................3

put here value

cost of land record = $510000 × 40.50%

cost of land record = $206550

8 0

2 years ago

What are the 3 advantages to a diversified portfolio?

Gala2k [10]

Answer:

1. Minimizing Risk, 2. Generate profits 3. Preservation of Capital:

Explanation:

<u>1. Minimizing Risk</u>

Every investment opportunity has its share of risk. Having a diversified portfolio shield from unforeseen market events. If one class of investments perform poorly, other groups may do well, thereby reducing the loss impact.

<u>2. Generate Profits </u>

Diversification means investors will be relying on several investment tools for returns. Some markets may not respond as the investor expects. Should some markets not do well, an investor will be assured of profits from the rest.

<u>3. Preservation of Capital</u>

The main aim of investing is to make profits, preserving capital is as equally important. Every investor must be careful not to lose all his capital. Having a diversified portfolio helps protect wealth.

3 0

3 years ago