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d1i1m1o1n [39]
3 years ago
12

The allocative function of price cannot operate unless there is:

Business
1 answer:
Fiesta28 [93]3 years ago
7 0
The idea behind the allocative function of price is <span>to distribute scarce goods to those consumers who value them most highly. </span>
Allocative function is the role that prices play in directing resources away from overcrowded markets and towards markets that are underserved . <span>The allocative function of price cannot operate unless there is free entry and free exit. </span>
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For optimal benefits, you should perform activities from _____ parts of the physical activity pyramid each week.
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3 years ago
What is the definition of organization ? Briefly explain each part of the definition?​
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organization isn a group or team that works together to accomplish a task

6 0
2 years ago
Green Lawn Company is considering a special order for 1,000 new sprinkler systems from a new customer, a foreign distributor. Th
Andreas93 [3]

Answer:

$200,000

Explanation:

The computation of Net Income is shown below:-

The green lawn firm is over-capable of approving the order. The extra fixed costs do not have to be incurred. This way, fixed costs are avoided and only variable costs need to be incurred.

For computing the net income first we need to find out the profit per unit which is here below:-

Profit per unit = Sell price per unit - Variable Cost per unit

= $1,200 - $1,000

= $200

Total Profit = Profit per unit × 1,000 unit order

= $200 × 1,000 unit order

= $200,000

So, net income increased by $200,000

Therefore for computing the total profit we simply applied the above formula.

7 0
3 years ago
A city paid $40,000 for police cars with the expectation that they would have a useful life of 4 years. After 3 years, the city
Helga [31]

Answer:

Journal entry

Explanation:

The journal entry is as follows

Cash $5,000

      To other financing source - sale of capital assets $5000

(Being the sale in the general fund is recorded)

For recording this transaction we debited the cash account as it increases the asset account while credited the other financing source - sale of capital assets

4 0
3 years ago
A manager feels confident that earnings will increase in the next few months and therefore believes it will benefit himself, his
labwork [276]

The decision of the manager has serious long-term consequences for the firm and does not align with a conscious marketing approach.

<h3>What is a conscious marketing approach?</h3>

A conscious marketing approach is adopted by firm with fairness and honesty over a long-term to ensure safety of shareholders funds, retained earning etc.

However, as he thinks about exaggerating the current earnings just a little, this will have serious long-term consequences for the firm.

Read more about marketing approach

<em>brainly.com/question/25640993</em>

4 0
2 years ago
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