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andreev551 [17]
3 years ago
8

Select the items below that describe why scarcity exists.

Business
2 answers:
kipiarov [429]3 years ago
5 0
Scarcity exist because of the unlimited wants of people. There will be no scarcity of something if there is no demand and wants for that thing.
Yanka [14]3 years ago
5 0

The top two answers are correct.

People's wants are unlimited and resources are limited.

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A firm expects to sell 25,500 units of its product at $16 per unit. pretax income is predicted to be $60,500. if the variable co
aksik [14]

A firm expects to sell 25,500 units of its product at $16 per unit. pretax income is predicted to be $60,500. If variable costs are $8 per unit, total fixed costs must be $143,500.

Fixed costs are costs that stay constant no matter changes in production volume, implying that irrespective of whether output rises or decreases, total fixed costs remain constant within the relevant range.

Rent, labor, depreciation, insurance, and other fixed costs per unit fluctuate over the relevant range, on the contrary.

Given,

Selling price = $16

Variable cost per unit = $8

Units sold = 25,500

Pretax income = $60,500

Contribution Margin = (Selling Price Per Unit - Variable Cost Per Unit) * Units Sold

Substituting the provided information into the above calculation yields,

Contribution margin = ($16 - $8) * 25,500 units                                

= $204,000

Formula:

Pretax Income = Contribution Margin - Fixed Costs

This symbolizes,

Fixed Costs = Contribution Margin - Pretax Income

Substituting the provided information into the above calculation yields,

Fixed Costs = $204,000 - $60,500                

= $143,500

Hence, the answer is $143,500.

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6 0
1 year ago
Which 4 statements are correct regarding the QuickBooks Online Receipt Capture feature?
Scilla [17]

Answer:

A. The Receipt Capture feature uses Optical Character Recognition (OCR) technology to read and transform receipt data to QuickBooks Online.  ⇒ TRUE

B. If QuickBooks Online finds an expense already entered in QuickBooks Online, it will suggest that you match the receipt to the existing transaction.  ⇒ TRUE

C. You can snap a picture of a receipt, then review, match, or add it directly from the QuickBooks Online mobile app.  ⇒ TRUE

D. QuickBooks Online will fill in the fields it can for the expense using the OCR data.  ⇒ TRUE

Explanation:

the other options are false because:

  • E. You can assign a payee, account, payment date, category, description, amount, and memo to the expense transaction in the Review screen.
  • F. You can only have one sender email registered to forward receipts in each company. ⇒ FALSE, you can connect to multiple accounts, generally for different clients. You can use the "Add new sender" link.
3 0
3 years ago
Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is
kicyunya [14]

Matthew decides to buy expensive designer jeans. Less expensive jeans are available, but the added cost of the designer brand is worth it to Matthew most likely because His preference is for designer labels, since the assertions made by the other manufacturers, which claim that designer trousers are less expensive, are illogical. This is further explained below.

<h3>What is the cost?</h3>

Generally, payment is required before it can be obtained or completed.

In conclusion, Affluent designer jeans are Matthew's choice. There are cheaper jeans out there, but Matthew most certainly prefers designer labels since the arguments of the other manufacturers, who say that designer pants are less costly, are irrational.

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5 0
2 years ago
Natural monopolies form when:
ratelena [41]

Answer:one firm receives patent protection for certain basic produced process.

Explanation: when a firm get patent , monopoly sets in as the firm will be the only one involved in the production of that goods and services throughout the duration of that patent.

3 0
2 years ago
An upward-sloping labor supply curve implies that Group of answer choices a firm can always hire more workers, even without incr
Crank

Answer:

more workers are willing to work as the market wage increases.

Explanation:

IF the labour supply curve is upward sloping, its that  means there is a positive relationship between wages and labour supply. The higher the wages, the higher the number of workers willing to work. The lower the wages, the lower the number of workers willing to work

Please check the attached image for a upward sloping labour supply curve

3 0
3 years ago
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