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MA_775_DIABLO [31]
3 years ago
8

Scarcity means that there are more wants than one can meet based on the limited amount of resources.

Business
1 answer:
vova2212 [387]3 years ago
4 0
I believe the answer is false
I hope this helps!
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John Collins has been a sales rep for AdVance for 18 years. When he began his career with AdVance he followed the money and sold
love history [14]

Answer:

Honesty and sincerity build long-term partnering relationships with customers.

Explanation:

4 0
3 years ago
Determine the total cost for this plan given the following forecast:
goblinko [34]

Answer:

                                                 Month

                                              1            2           3              4         5          6

Units      

Forecasted Demand         380       400     420    440 460       480

Regular Production         400       400        400      400     400        400

Overtime                          0          0          0       40    40         40

Subcontracting                  0          0          0        0   20         40

Inventory at end of month 20         20          0        0   0         0

Cost      

Regular Production  $10,000  $10,000  $10,000  $10,000 $10,000 $10,000

Overtime production cost $0        0   $0   $1,600 $1,600 $1,600

Subcontract cost                $0        0   $0     $0 $1,200 $2,400

Inventory holding cost      $300     $300   $0     $0 $0           $0

Total Cost                                                    $69,000

Explanation:

3 0
3 years ago
Dodson Company traded in a manual pressing machine for an automated pressing machine and gave $8,000 cash. The old machine cost
Tju [1.3M]

Answer:

a. Dr Equipment 68,000

Dr Loss on Exchange 11,000

Dr Accumulated Depreciation 22,000

Cr Equipment 93,000

Cr Cash 8,000

Explanation:

Preparation of the correct journal entry to record the exchange

Based on the information given the correct journal entry to record the exchange will be

Dr Equipment 68,000

(60,000+8,000)

Dr Loss on Exchange 11,000

(71,000-60,000)

Dr Accumulated Depreciation 22,000

(93,000-71,000)

Cr Equipment 93,000

Cr Cash 8,000

(Being to record the exchange)

4 0
3 years ago
Assuming that the prices of A and B are $1.50 and $1, respectively, and that Mr. Chen has $24 to spend, plot his budget line and
Margarita [4]

Answer:

consume 8 units of A and 12 units of B

Explanation:

given data

prices of A = $1.50

prices of B = $1

Budget constraint = $24

consider data indifference curve

unit A         unit  B

16                 6

12                 8

8                  12

4                  24

solution

As graph, Mr. Chen will buy 8A and 12 B goods.

so Budget constraint is here express as

24 = 8 × $1.50 + 12 × 1.00

so here

MRS = \frac{PB}{PA}  rule  of equilibrium

so here MRS is

MRS = \frac{8}{12}      

\frac{PB}{PA} =  \frac{1.00}{1.50} = \frac{2}{3}  

MRS = \frac{PB}{PA} = \frac{2}{3}

7 0
3 years ago
In 2020, Mowchan Inc. acquired Sanchez Co. and recorded goodwill of $290 million as a result. The net assets (including goodwill
Stels [109]

Answer:

$170 million

Explanation:

First we must calculate the implied fair value of goodwill:

fair value of goodwill = Sanchez's fair value - Sanchez's asset valuation = $1,020 million - $900 million = $120 million

impairment loss = recorded goodwill - fair value of goodwill = $290 million - $120 million = $170 million

An impairment loss is a loss generated by the decline of an asset's fair value.

3 0
3 years ago
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