Answer:
Indeed, scarcity is the mother of all economic problems. This is so because scarcity implies a lack of resources to supply all of the available demand for said good or service. Therefore, in the event of a lack of resources, two fundamental situations occur: on the one hand, due to the law of supply and demand, the greater the scarcity of a highly demanded good, the higher its price and the lower its accessibility; on the other, the scarcity itself implies that not all those who need the resource can access it.
Thus, the shortage has several clearly visible consequences. For example, food shortages can generate famines, food price inflation, bankruptcies of food producing and marketing companies, etc.
Answer:The new machinery must be depreciated using the same method as the previously purchased Machinery.
Explanation:
This is in line with the consistent concept which states a company must be consistent in the application of accounting principles to his activities.
<span>Strategy Implementation is used to revise prior policies in order to meet the objectives set earlier. This step is also used to allocate resources where needed, change the organizational structure in order to promote objectives, and manage the resistance to change.</span>
Incomplete question. Here's the full question:
A farmer raises chickens with weights, in grams, that are normally distributed with mean 1387 and standard deviation 161. She wants to provide a money-back guarantee that her
chickens will weigh at least a certain amount. What minimum weight should she guarantee
so that she’ll have to give money back only 1% of the time?
(a) 890.30
(b) 943.28
(c) 915.54
(d) 1063.62
<em>(e) None of the above</em>
Answer:
<u>(E)</u>
Explanation:
With the full information provided after performing necessary calculations the minimum weight value that would guarantee
the farmer gives money back only 1% of the time is not found in the options.
Thus the correct option is (e).
Answer:
Contribution margin per unit = $85 per cubic yard
Contribution margin ratio = 56.67%
Explanation:
The computations are calculated below:
Contribution margin per unit = Selling price per cubic yard - variable cost cubic yard
= $150 - $65
= $85 per cubic yard
Contribution margin ratio would be
= (Contribution margin per cubic yard) ÷ (Selling price per cubic yard) × 100
= ($85) ÷ ($150) × 100
= 56.67%
And, The statement of contribution margin income for the month of August is shown below:
Sales (240 cubic yards × $150) $36,000
Less: Variable cost (240 cubic yards × $65) ($15,600)
Contribution margin $20,400
Less: Fixed expenses per month ($15,000)
Net income $5,400