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3 years ago

How does scarcity affect Trey?

Business

1 answer:

Diano4ka-milaya [45]3 years ago

6 0

Answer:

The answer is: All our actions and decisions are affected by scarcity. Trey must decide what actions he needs to take to maximize his well being.

Explanation:

By definition all resources are finite, they have a limit. Even the richest corporations in the world have a certain amount of money, no one can have infinite money. No basketball team is made up of 7 billion people, someone in the world will not be able to play basketball. Time, materials, goods, services, everything is limited, so everything is scarce.

Trey´s (and everyone else´s) day is only 24 hours long, so he must decide how to divide his time to achieve the goals that maximize his happiness or well being. He must decide what is most important for him, a car or the basketball team. Time scarcity sets up a limit on the decisions we make. He must decide whether to work more to be able to buy the car, or should he stay on the team and forget about the car. Only Trey can decide based on what will make him happier.

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At the beginning of the year, Zinc Inc. estimated that overhead would be $115,000 and direct labor hours would be 23,000. At the

Basile [38]

Answer:

a. $ 900 underapplied

Explanation:

Based on the data provided we conclude that the factory overhead is applied on the basis of direct labour hours.

Determination of Overhead rate

Estimated overhead $ 115,000

Direct labour hours 23,000 hours

Overhead rate per direct labor hour is $ 115,000/ 23,000 = $ 5 per direct labor hour

Amount of applied overhead = Direct Labor hours * Overhead rate per hour

Applied Overhead = $ 5 * 35,000 $ 175,000

Actual Overhead <u>$ 175,900</u>

Underapplied Overhead $( 900)

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4 years ago

Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a su

Lady bird [3.3K]

Answer:

A)Career Portfolio

Explanation:

Career portfolio can be regarded as digital display of one's professional experience as well as accomplishments. It is usually used in planning, organizing as well as documentation of Educational, skills and work sample. It can be used when applying for jobs and training programs. It gives in-depth information compare to than a resume. It should be noted that Career Portfolio is Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a summary of an individual’s interests and abilities and give a viewer an in-depth understanding of the individual’s personality and creativity.

4 0

3 years ago

Fixed expenses are $499,000 per month. The company is currently selling 5,000 units per month. The marketing manager would like

damaskus [11]

Answer:

decrease of $8,900

Explanation:

Use the following formula to calculate the net operating income

Net operating income = Sales - Variables cost - Fixed cost

At Current Sales Level

Sales = 5,000 x $160 = $800,000

Variable cost = 5,000 x $48 = $240,000

Fixed cost = $499,000

Placing values in the formula

Net Operaitng Income = $800,000 - $240,000 - $499,000 = $61,000

At Increased Sales level

Sales = 5,900 x ($160-$13) = $867,300

Variable cost = 5,900 x $48 = $283,200

Fixed cost = $532,000

Placing values in the formula

Net Operaitng Income = $867,300 - $283,200 - $532,000 = $52,100

Now calculate the change in net operating income

Change in net operating income = Net operating income at current sales - net operating income at increased sales = $61,000 - $52,100 = $8,900

Hence, Net operating income is decreased by $8,900

3 0

3 years ago

Stan, an air conditioning and heating technician, files a suit against Temp-Set Corporation, alleging that its thermostats are u

vova2212 [387]

Answer:

knowledgeable user

Explanation:

Knowledgeable user is a term that refers to particular users of a specific product, that must possess certain qualifications to use that specific product. In the case of knowledgeable users, the manufacturer of the product is not require to warn these users about the dangers of using their product.

In this case, Stan as an air conditioning and heating technician should know about the dangers of using electrical thermostats because of his profession.

5 0

3 years ago

Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,360,000 (240,00

makkiz [27]

Answer:

Estimated manufacturing overhead rate= $6.42 per direct labor hour

Explanation:

Giving the following information:

The company's executives estimated that direct labor would be $3,360,000 (240,000 hours at $14/hour) and that factory overhead would be $1,540,000 for the current period.

Using direct labor hours as a base, what was the predetermined overhead rate?

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 1,540,000/240,000= $6.42 per direct labor hour

5 0

3 years ago