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1 year ago

First developed because of technological advances in human societies that created surplus resources.

1 answer:

6 0

Social first developed because of technological advances in human societies that created surplus resources. deviance is the kind of deviance that societies do not sanction using laws.

<h3>What is surplus resources?</h3>

Surplus is the amount of an asset or resource that exceeds the amount used. To calculate consumer surplus, simply divide the consumer's actual price by the amount they were willing to pay.

When you have more of something than you need or intend to use, you have a surplus. For example, if you cook a meal and there is food left over after everyone has eaten, you have a surplus of food.

A consumer surplus and a producer surplus are both components of an economic surplus. These two types of surplus are distinct, but both represent a specific gain for either the consumer or the producer.

To know more about surplus resources follow the link:

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A customer with a moderate income from a secure job is in the 28% tax bracket. She has a small diversified portfolio and has $10

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3 years ago

Bob lives in San Diego and loves to eat desserts. He spends his entire weekly allowance on yogurt and pie. A bowl of yogurt is p

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Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Current Consumption Marginal Rate of Substitution

= Marginal Utility (MU) of Pecan Pie ÷ Marginal Utility (MU) of Yogurt

= 2

Utility Maximized When Marginal Rate of Substitution (MRS)

= Marginal Utility of Pecan Pie ÷ Marginal Utility of Yogurt

= $3.75 ÷ $1.25

= 3

According to the analysis, Utility-maximizing MRS (3) is more than the current MRS (2). So to increase the utility bob should have to consume less pecan pie and more quantity of yogurt.

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3 years ago

Issuing a pre-approval letter means that borrowers have completed the loan application and provided their debt, total income, an

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Answer: underwriter

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The loan underwriter is responsible for verifying the information provided by a borrower. They will then use this information to assess the risk that the lender is going to incur if they lend money to the borrower.

When this is done, a pre-approval letter is issued which shows the amount that the lender is willing to lend to the borrower.

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3 years ago

When companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites.

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Solution:

Common stock: These are the common shares that a company issues to creditors to raise funds. In return, creditors are entitled to a dividend share of the profits received by the firm.

Par value: It refers to the worth of a share suggested by the charter of the company. Often referred to as a portfolio face value.

Record the sale of common stock in the books of ANIT Corporation.

Date Account Titles and Explanation Debit (S) Credit (S)

Cash (1) 101,595,000

Common Stock (2) 7500

Paid-in Capital in Excess of Par value (3) 101,587,500

(To record safe of .5 million shores of $0.001 par value per share in excess of Par)

Compute the amount of cash received from common stock issue.

Cash received = Number of shares issued x Price per share

= 7.500,000 shares x $13.546

=$101,595,000

Compute common stock value.

Common H= 'Number of shares v Par value of common stock stock value

= 7,500,000 shares x SO 001 per share

= $7,500

Compute paid-in capital in excess of par value.

Paid-in capital in = I (Cash received—excess of par value Common stock value

=$101,595.000(1) — S7,5001.2)

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3 years ago

During 2020, Vaughn Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Vaughn for a lu

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Answer:Gross profit realized during 2020 =$30,899

amount of inventory of unsold straight chairs on December 31, 2020 =$63,800

Explanation:

A)Vaughn Furniture Company purchases a carload of wicker chairs at a cost of a lump sum of $131,670 in 2020

Now the total number of chairs purchased per type is;

Lounge chairs 880

Armchairs 660

Straight chairs 1,540

Total = 3,080 chairs purchased

Also, Vaughn sells

440 Lounge chairs at $90 each = 440 x 90=$39,600

220 Armchairs at $80 each= 220 x 80 =$ 17600

264 Straight chairs at $50 each = 264 x 50 =$13,200

Total selling price of 924 chairs =$39,600+$ 17600+$13,200 =$70,400

Now , if 3,080 chairs can be purchased for a-lump sum amount of $131,670

924 chairs can be puchased in a lump sum of (924 x 131,670) /3080

=$39,501

Remember that the Selling price for 924 chairs =$70,400

Gross profit realized during 2020 = $70,400 -$39,501=$30,899

b).

Estimated Selling Price value for straight chair =$50

Straight chairs remaining= 1540-264=1276

1276 at $50 each = 1276 X 50 =$63,800

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3 years ago