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3 years ago

In 1-2 sentences, explain why scarcity exists.

1 answer:

3 0

Scarcity refers to a state of being in short supply.

Scarcity exists because distribution of resources is unequal. Majority of the people tend to get more than they need in preparation for future uses. They did not take into consideration that other people also need the items they have stocked up on. This results to unequal distribution of resources. Those who had first access to the goods have more than they need while those who came last have goods that is not enough to sustain their needs. They are the ones experiencing scarcity.

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Abburi Company's manufacturing overhead is 40% of its total conversion costs. It direct laboris $63,600 and if direct materials

Agata [3.3K]

It direct labor is $63,600 and if direct materials are $23,800,the manufacturing overhead is:$25,440

What are conversion costs of production?

Conversion costs are costs of labor incurred and other related expenses incurred in a bid to transform raw materials to finished goods, the only conversion costs in this case is direct labor, which is $63,600, in other words, the Abburi Company's manufacturing overhead is 40% of direct labor costs

manufacturing overhead=40%*direct labor costs

direct labor costs=$63,600

manufacturing overhead=40%*$63,600

manufacturing overhead=$25,440

Find out more about manufacturing overhead on:brainly.com/question/20815795

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6 0

1 year ago

Will mark BRILLIANT !!! Over the past few decades, what has been shown about school readiness programs? A . They are too challen

ipn [44]

They have a positive impact on the pre-kindergarten child.

Explanation:

During 1999 Florida interacted more closely with the readiness of students when implementing the School Readiness Act.

Childcare Center Director , in charge of a public or private school, an after-school, school readiness, pre-K, neighborhood center or other early childhood programs

The objective of the redevelopment of early childhood education through the School Readiness Act was to make young children better students.

The school readiness program assists pre-school children in their social and behavioral preparation to enter school.

7 0

3 years ago

Gainsharing plans differ from profit-sharing plans in that:A. gainsharing plans use organization-wide performance parameters.B.

andriy [413]

The correct answer is choice A.

Gainsharing is normally when a business measures performance, and through a pre-determined formula, shares the savings with all employees.

4 0

3 years ago

On February 22, Brett Corporation acquired 250 shares of its $3 par value common stock for $26 each. On March 15, the company re

Alex

Answer: Credit Additional Paid in Capital $198

Explanation:

Brett Corporation reissued the Treasury Stock at $29 which was $3 higher than the amount they had repurchased it for.

When stock is sold for a price higher or lower than they are worth, the balance goes to the Additional Paid-in Capital account. If it is sold higher, the balance is Credited to the Additional Paid-in Capital account and if it is sold for lower than it is worth, it is debited.

The Balance here is,

= $3 * 66 resold shares

= $198

This $198 will therefore be credited to the Additional Paid-in Capital account.

5 0

3 years ago

Meredith is a passive 30% member of the MNO LLC. She is not a managing member and she does not participate in any activities of

goldfiish [28.3K]

Answer

b.$0 SE tax; $90,000 NII tax.

The answer and procedures of the exercise are attached in the following image.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

7 0

3 years ago