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2 years ago

How does a market system prevent people from getting as many goods and services as they wish?

1 answer:

7 0

Prices prevent this. Lots of people can't afford to get as much as they wish, rather as much as they can buy. That's why a market system and stores don't sell out so easily, because people don't buy as much as they really wish for, but how much they need.
Hope this helps!

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Bountiful company had sales of $650,000 and cost of goods sold of $200,000 during a year. the total assets balance at the beginn

kirill115 [55]

<span>The asset turnover ratio is 3.80.The asset turnover ratio is a number that shows how much revenue is being earned for every dollar the company has spent on assets. Asset turnover ratio=Net revenue/Average total Assets Thus,by applying the Formula we get Asset turnover ratio=3.80</span>

8 0

3 years ago

Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of marr

Lisa [10]

Answer:

a. $8,361

b. $1,2610

c. 26,564

d. 5,427

e. 59,883

Explanation:

Taxable Income = $62,449 - $560

= $61,889

Finding the tax liability in tables:

Tax on 61,889

= [1,845 +(61,889 - 18,450) × 15%]

= 1,845 + 6,516

= 8,361

Subtracting or Deducting the tax on the dividend income

= $560 × 0%

= 0

Therefore, the tax liability is $8,361

Taxable Income = $12,932 - $322

= $12,610

Tax liability is $1,2610

Taxable income = $144,290 - $4,384

= $139,906

Tax will be:

= 1,845 (74,900 - 18,450) × 15% + (139,906 - 74,900) × 25%

= 1,845 + 8,467.5 + 16,251.5

= $26,564

Taxable income = $43,297 - $971

= $42,326

Tax liability will be:

= [1,845 + (42,326 - 18,450) × 15%

= 1,845 + 3,581.4

= 5,427

Taxable income = $262,403 - $12,396

= $250,007

Tax on the qualified income will be:

= $12,396 × 15%

= $1,859.4

Tax liability will be:

= 1,845 {74,900 - 18,450) × 15% + (151,200 - 74,900) × 25% + (230,450 - 151,200) × 28% + (250,007 - 230,450) × 33%

= 1,845 + 8,460 + 19,075 + 22,190 + 6,453.81

= $58,024

Total tax liability will be:

= $58,024 + $1,860

= $59,883

Note: The values are taken from the tax liability table.

4 0

2 years ago

Management is considering a one-time-only special order. There is sufficient idle capacity to fill the order without affecting a

Anna [14]

Answer: A) absorption costing unit product costs

Explanation:

Absorption costing is the costing convention that is used when fixed costs need to be apportioned to the production of goods and services.

When a company has idle capacity, any production done using that idle capacity would incur no fixed costs because the fixed costs for the entire capacity, both idle and non-idle have been covered already as fixed costs are charged on the entire company capacity.

Absorption costing is therefore not relevant here as the company will use its sufficient idle capacity that has already incurred fixed costs.

6 0

2 years ago

Which of the following resource management key activities defines and categorizes incident resources by capability?

timama [110]

Answer:

Identifying and Typing Resources

Explanation:

NIMS Resource Management is important because in case an incident happens, you need to get the right resources to the right place and at the right time in order to preserve the life and well being of the residents.

Resource management includes four key activities:

Identifying and typing resources : resources must be inventoried and categorized based on capability, category, kind and type.
Qualifying, certifying, and credentialing personnel
Planning for resources
Acquiring, storing, and inventorying resources

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2 years ago

The ratio of the increase in ________ to the increase in ________ is called the multiplier.

Anettt [7]

The ratio of the increase in equilibrium real GDP to the increase in autonomous expenditure is named the multiplier. In addition, when the economy is at full occupation, the aggregate demand is equivalent to the aggregate source. In other words, the total amount of goods and services necessitated by consumers is equal to the total quantity of goods and services made by producers. The full employment GDP happens when the labor market is in balance. The autonomous expenditure is used to define the constituents of an economy aggregate expenditure that is not obstructed by that similar economy real level of revenue.

5 0

2 years ago