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2 years ago

Which describes a situation in which a shortage occurs?

Business

2 answers:

Vaselesa [24]2 years ago

6 0

Consumers want more video-game systems than the company can make.

Dvinal [7]2 years ago

6 0

The correct answer is A. Consumers want more video-game systems than the company can make.

Explanation:

In the economy and related fields, a shortage occurs if the supply (units of a product available) is lower than the demand (consumers that want the product); this implies, the quantity of a product is not enough, and therefore just some consumers will be able to buy the product even if all want this product and can pay for it.

This situation occurs in "Consumers want more video-game systems than the company can make" because in this case, the number of consumers (demand) is higher than the number of video-game systems (supply) and therefore not all the possible consumers can have this product.

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The net income reported on the income statement for the current year was $275,000. Depreciation recorded on fixed assets and amo

hichkok12 [17]

Answer:

$324,000

Explanation:

The preparation of the Cash Flows from Operating Activities - Indirect Method is presented below:

Cash flow from Operating activities

Net income $275,000

Add : Depreciation expense $30,000

Add: Amortization expense $4,000

Add: Decrease in accounts receivable $6,000 ($102,000 - $108,000)

Add: Decrease in inventory $5,000 ($88,000 - $93,000)

Less: Increase in prepaid expenses -$2,000 ($8,500 - $6,500)

Add: Increase in account payable $6,000 ($95,000 - $89,000)

Net Cash flow from Operating activities $324,000

4 0

3 years ago

Suppose Frank owns a vintage Porsche in mint condition. He agrees to sell it to Smith, but the night before the parties are to e

Korvikt [17]

Answer:

This is a situation arising from objective impossibility.

Explanation:

The contract was made for mint condition of car. The car damaged while it was with Frank. Thus, parties are thus discharged from their obligations under the contract.

6 0

3 years ago

Read 2 more answers

se the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $31,226 Accoun

Alex777 [14]

Based on the information given the amount of quick assets is $128,694.

Using this formula

Quick assets = Cash + Marketable securities + Accounts receivable

Where:

Cash=$16,106

Marketable securities=$37,992

Accounts receivable=$74,596

Let plug in the formula

Quick assets =$16,106 + $37,992+ $74,596

Quick assets = $128,694

Inconclusion the amount of quick assets is $128,694.

Learn more about quick assets here:brainly.com/question/11209470

8 0

2 years ago

_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Er

RoseWind [281]

Answer:

Workforce diversity

Explanation:

Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.

Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.

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3 years ago

How aggressively should TJX expand globally, and where, and when, to maximize the value of the company shareholders?

Anni [7]

Might have to do some personal research idk who's gonna do a whole project for you but googles a wonderful thing

6 0

3 years ago