All categories

3 years ago

"when the economist says that material wants are insatiable, he means that:"

1 answer:

4 0

When the economist says that material wants are insatiable, he means that these wants are virtually unlimited and therefore incapable of complete satisfaction. Insatiable means that they are impossibly to satisfy. In the economic world it is best to make use of the limited resources to help satisfy virtually unlimited wants.

You might be interested in

Nick and Matt are the partners in a local health food store. They

Grace [21]

a. The amount that each invested is: Nick $21,900; Matt $51,100.

b. Percent of the business owned by Matt is 70%.

a. Amount invested by each

First step is to calculate the total parts

Total parts=3x + 7x

Total parts=10x

Second step is to calculate the cost per part(x)

Cost per part(x)=73,000/10

Cost per part(x)=7,300

Third step is to calculate the money invested by Nick and Matt

Money invested by Nick=3x

Money invested by Nick=3×7,300

Money invested by Nick=$21,900

Money invested by Matt=7x

Money invested by Matt=7×7,300

Money invested by Matt=$51,100

b. Percent owned by Matt

Using this formula

Percent owned by Matt =Part owned by matt/Total part

Let plug in the formula

Percent owned by Matt =7x/(3x+7x)

Percent owned by Matt=7x/10x

Percent owned by Matt=0.7×100

Percent owned by Matt =70%

Inconclusion the amount that each invested is Nick $21,900; Matt $51,100 and the percent of the business owned by Matt is 70%.

Learn more here:

brainly.com/question/17250642

8 0

3 years ago

In IBP Exercise 09-03 you ran an MRP to produce only the Silver Deluxe Touring Bikes. Now, you can pick up where you left off an

777dan777 [17]

Not sure but because I don’t know your answer right now I’ll make sure to know it next time.

4 0

3 years ago

Galatea Foods was founded in Greece by Galatea Chronos in 1978, and the company spread rapidly through Western Europe. Ms. Chron

Alina [70]

The company probably uses the multidomestic strategy.

<h3>What is a multidomestic strategy?</h3>

A multi-domestic strategy is one in which businesses adapt both their product lineup and their marketing approach to suit several national contexts in an effort to maximize local responsiveness.
Each large national market where commerce is conducted typically has established production, marketing, and R&D operations.
The structure of multinational corporations is described by an alternative use of the phrase.
International or multinational businesses advertise comparable products in numerous countries and benefit from economies of scale through shared overhead.

Multinational corporations can achieve more localized management by having separate headquarters in many nations, but at a higher cost by forgoing the economies of scale through cost sharing and centralization.

Know more about multidomestic strategy with the help of the given link:

brainly.com/question/14989951

#SPJ4

4 0

1 year ago

On January 1, 2021, for $17.9 million, Seashells Company issued 8% bonds, dated January 1, 2021, with a face amount of $19.9 mil

bearhunter [10]

Answer:

Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

Explanation:

According to the scenario, computation of the given data are as follows,

Face value = $19.9 million

Issued bond rate = 8% annually or 4% semi annual

So, Cash = $19,900,000 × 4%

= $796,000

Issued bonds value = $17.9 million

Market yield = 10% annual or 5% semi annual

So, Interest revenue = $17,900,000 × 5%

= $895,000

So, Journal entries are as follows,

Jun.30,2021 Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

(Being interest revenue on June30 is recorded)

5 0

2 years ago

Business Solutions sells upscale modular desk units and office chairs in the ratio of 3:2 (desk unit:chair). The selling prices

Doss [256]

Answer:

Results are below.

Explanation:

First, we need to calculate the selling price per composite unit:

selling price per composite unit= 1,280*0.6 + 530*0.4

selling price per composite unit= $980

Now, the unitary variable cost per composite unit:

Variable cost per composite unit= 780*0.6 + 280*0.4

Variable cost per composite unit= $580

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per composite unit

Break-even point in units= 150,000 / (980 - 580)

Break-even point in units= 375

Finally, the number of units per product:

Desks= 375*0.6= 225

Chairs= 375*0.4= 150

4 0

3 years ago