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TiliK225 [7]
3 years ago
7

Which statement BEST describes the economic problem of scarcity?

Business
1 answer:
RideAnS [48]3 years ago
6 0
Its probbably d or c but please let me know if im wrong
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A company launched four new products. The market price, in dollars, of the four products after different number of years is show
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Which of the following groups contribute to meeting a community’s societal needs? -community volunteers -public service employee
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GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in adv
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Answer:

Credit to Unearned Revenue for $60,000.

Explanation:

Journal Entry of $60,000 for 6-months services in advance ia as follow:

                                        Dr.                     Cr.

Cash                           $60,000

Unearned Revenue                             $60,000

Services are not performed by GreenLawn Co. so the amount received will be considered as a liability and It will be named as unearned revenue. Cash received will be debited to the cash account. After the performance of service  of each month the revenue will be recognized and transferred from unearned revenue account to service revenue account.

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Since the 2008 global financial crisis, the B/L ("bill of lading") of container shipments from Asian factories to the United Sta
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Answer:

BOL can be viewed as the authoritative record that is being given to a shipment organization by the transporter that incorporates the different insights regarding the item. The fundamental purpose behind the BOL to be gathered at the entryway ports is that these BOL are gotten at the port first as this is where the items are gotten in the nation and from that point these items are sent to inland RDCs. The items need to pay the traditions obligations and pass the various customs.

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4 years ago
g An automobile dealer expects to sell 529 cars a year. The cars cost $11,000 plus a fixed charge of $500 per delivery. If it co
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Answer:

Order size = 23 cars

The number of orders = 23

Explanation:

The economic order quantity (EOQ) is the order size that reduces the balance of holding and ordering cost. It is to be noted that at EOQ, the carrying cost is equal to the holding cost.

The EOQ is computed as shown below;

= √ 2 × Co × D)/Ch

Co = Ordering cost

D = Annual demand

Ch = Carrying cost

EOQ = √ 2 × 500 × 529 / 1,000

EOQ = 23

Number of cars to be ordered per time, I.e optimal order size = 23

Order size = 23 cars

2. The number of times orders should be placed per year would be calculated as;

Number of orders = Annual demand / Order size

Number of orders = 529 / 23

Number of orders = 23

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3 years ago
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