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3 years ago

Who receives the good or service from first come, first served. for econmics

Business

1 answer:

Jlenok [28]3 years ago

7 0

Answer:

This method of allocation, called first come, first served, is often used to distribute cheap tickets to rock concerts, sporting events, movies, and many other events. The first come, first served method does a fairly good job of allocating tickets to the people who want to see the show the most.

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A company set-up a petty cash fund with $800. The disbursements are as follows:

Radda [10]

Answer:

Petty Cash

Explanation:

The fundamental principle of accounting is credit the giver and debit the receiver. In this instance petty cash is giving out money to Office Supplies, Shipping, Postage and Delivery expense

7 0

2 years ago

Larry and Susan work in an office near 2 Live Stew and Stew-topia, specialty stew restaurants on the same block. Larry notices t

denis-greek [22]

Answer: B. to prove Stew-topia engaged in predatory pricing, you would need to prove that Stewtopia priced stew below average variable cost with the specific intention of driving 2 Live Stew out of business

Explanation:

Predatory pricing is the pricing of goods in such a way that it is so low that it is even below average variable cost. The logic being that in the Shortrun, if a firm cannot cover it's variable cost, it would have to shutdown.

Larry would therefore be correct in saying that to prove Stew-topia engaged in predatory pricing, it would need to proven that Stewtopia priced stew below average variable cost with the specific intention of driving 2 Live Stew out of business.

8 0

2 years ago

Which of the following scenarios is a circumstance in which it would be ethical to practice confidentiality?

dimulka [17.4K]

C.
It’s personal anything personal goes down the rule of confidentiality

4 0

2 years ago

Williams & Co. management is trying to decide the appropriate prices for various products sold by the firm. This is a focus

nikdorinn [45]

Answer:

A. Micro-economics

Explanation:

Micro-Economics represents a study of economic activiites or economic choices that affect individual businesses or organisations, individual consumers or individual families. Since the focus of Williams & Co is on determining appropriate prices for products sold in its individual firm, then the focus is micro-economics

Macro Economics represents the study of economic activities and choices but instead of the individual level, it studies these acivities at the overall national level or at the global level. So the study of pricing among the various detergent producing firms in the United States is under the purview of macro economics

Monetary policy focuses on the tools that are used to regulate the entire economy especially the Federal Reserve through the regulation of the activities of member financial institutions.

Fiscal Policy focuses on the activities of government to control its expenditure, tax rates and overall monitor or regulate the economy

5 0

3 years ago

At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Ba

Varvara68 [4.7K]

Answer:

b. Products were overcosted in 2013

Explanation:

When determining the cost of a product, we consider only the Overheads Applied.

Applied Overheads are calculated as :

Pre-determined Overhead Rate multiplied by Actual Activity

Predetermined Overhead Rate is calculated as follows :

Budgeted Overheads divided by Budgeted Activity

Predetermined Overhead Rate = $25,000/2,000 units

= $ 12.50 per unit

Applied Overheads = $ 12.50 per unit × 2,200 units

= $ 27,500

The Overheads Applied are then Compared to Actual Overhead Cost to determine is the Overheads where Over or Under Applied

Therefore our case presents the following:

Applied Overheads ($ 27,500) >Actual Overheads ($25,000)

Therefore, we have an Over-Application situation.

Over-Applied Overheads are $2,500

3 0

3 years ago