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4 years ago

Describe how human desires would be met with no scarcity.

1 answer:

5 0

Scarcity refers to lack of desired quantity of something. The scarcity in economics rise due to the fact that humans have unlimited resources. This results in a decision to be made on how should the resources be allocated between various possible alternatives. The branch of economics helps answer the question of effectively allocating scarce resources for meeting the unending human demands. It helps answer the questions of what to produce, how to produce and for whom to produce.

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Which of the following is not an example of a significant noncash transaction? Conversion of bonds into common stock. Sale of pl

Lostsunrise [7]

Answer:

Sale of plant assets. If the company sales an equipment it will receive cash for it. We are not given with any information of this transaction not being in cash, so we should assume it was a sale in cash or cash equivalent.

Explanation:

Conversion of bonds into common stock. The bonds, which are outstanding and represent a promise to pay, are converted into common stock, this transaction doesn't involve cash.

Issuance of common stock to purchase land. The land is acquire in exchange of common stock, the company is not using cash. the owner of the land can later sold the stock to a third party but it won't affect the cash flow of the company.

Issuance of debt to purchase equipment Like singing a note to purchase a machine, no cash is involve.

3 0

3 years ago

Which of the following is an integral step in a pay-and-return scheme? A. Establish a shell company. B. Misappropriate the incom

svlad2 [7]

Answer:

Letter b is correct. Misappropriate the incoming check related to returned goods and deposit the check in a bank account other than the company's.

Explanation:

A pay-and-return scheme is a scheme where an employee intentionally defrays a payment amount from a vendor, increasing that expense and reimbursing the excess amount of that payment. It can also be performed on a dual payment scheme to a vendor, and after the employee reports the error to the vendor and gets a check back, he can refund the amount.

4 0

3 years ago

Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 350,000 Income tax expe

lisov135 [29]

Answer and Explanation:

The preparation of the multiple-step income statement is presented below:

Beasley, Inc.

Multiple-step income statement

December 31, 2021

Sales revenue $350,000

Less: Cost of goods sold -$125,000

Gross profit $225,000

Less: Operating expenses

Salaries expense -$37,000

Advertising expense -$23,000

Utilities expense -$43,000

Operating income $122,000

Less: interest expense -$12,000

Income before income tax $110,000

Less: income tax expense -$39,000

Net income $71,000

We simply deduct all the expenses from the sales revenue so that the net income could arrive

7 0

3 years ago

Given the returns for two stocks with the following information, calculate the correlation coefficient of the returns for the tw

julsineya [31]

Answer:

The correlation coefficient of the returns for the two stocks is 0.231

Explanation:

From the question given, we apply the method called co variance

Co variance is referred to as when the co-movement of variables are measured.

The co variance is defined as:

ρ₁,₂=Cov₁,₂/σ₁ x σ₂

The Expected return of stock 1 μ1= 0.4 x 9+0.5 x 11+0.1 x 17=10.8%

The Expected return of stock 1 μ2=0.4 x 11+0.5 x 8+0.1 x 13=9.7%

The Variance of stock 1 σ²₁ is:

1 σ²₁=0.092 x 0.4+0.112 x 0.5+0.172 x 0.1−0.1082σ12=0.092 x 0.4+0.112 x 0.5+0.172 x 0.1−0.1082

=0.012180-0.011664 =0.000516

The standard deviation of stock 1 σ₁ =2√0.0005162 =0.022716 =2.2716%

Thus,

The Variance of stock 2 σ²₂ is:

2 σ²₂= 0.112 x 0.4+0.082 x 0.5+0.132 x 0.1−0.09722 =0.009730-0.009409=0.000321

The standard deviation of stock 2 σ₂ =2√0.000321 =0.017916=1.792%

Cov₁,₂=0.4 x (0.09−0.108)x (0.11−0.097)+0.5 x(0.11−0.108)x(0.08−0.097)+0.1 x(0.17−0.108)x(0.13 8)x(0.13−0.097) =-0.000094-0.000017+0.000205 =0.000094

Therefore,

ρ₁,₂=0.000094/((0.017916)x(0.022716)) =0.231

3 0

3 years ago

The fact that a family would spend a lot more time researching the market before buying a new car than it would in the decision

Ymorist [56]

Answer:

E. Perceived benefits versus perceived costs of search

Explanation:

If a family purchase an inexpensive appliance of the kitchen, for example a coffee maker, the concept could be explained by the OPTION(E).

Because perceived benefits is something which is been related to the positivism, in perceived costs of search it is related to the cost of the unit and in this a customer expends on what they think and researched, by performing a certain or a particular action.

7 0

4 years ago