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3 years ago

Which describes a situation in which a shortage occurs?

Business

2 answers:

Vaselesa [24]3 years ago

6 0

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

Dvinal [7]3 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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A Company just starting in business purchased three merchandise inventory items at the following prices. First purchase $80; Sec

gogolik [260]

Answer: $65

Explanation: Under the FIFO method, that is, first in first out method inventory is recorded on the assumption that the goods that were purchased first will also be sold first and the remaining inventory will have the latest purchased units.

So, in the given question the two units sold would be costing $80 and $95

Hence,

Gross profit = $240 - ($80 + $95)

= $65

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3 years ago

A 51-year-old female is referred to your office after her PCP incidentally found a left adrenal mass of 2.8 cm in diameter on an

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Answer:

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4 years ago

1. Over the past year, a customer has surrendered, in whole or in part, three life insurance policies. If part of a money launde

Thepotemich [5.8K]

Answer:

It represents the Integration stage

Explanation:

Money laundering is an illegal chain of activities done by individuals or corporate bodies to change the status of money gotten through a criminal activity into legitimate money. This chain of activities starts with the Placement stage then transforms into the Layering stage, then ends when it is already integrated into the legitimate financial system through the Integration stage.

After the money launderer conceals the illegal money through bank deposits or purchasing a life insurance policy at the Placement stage, the launderer then proceeds to further break the money into smaller amounts to evade suspicion by numerous transactions and bank deposits at the Layering stage, which is then ended by partial or whole surrenders of life insurance policies to make it now legitimate money.

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3 years ago

Do you think percentage gains

Anni [7]

I think more varied if you added additional mutual funds you would have a more diverse portfolio.

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3 years ago

Read 2 more answers

Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants p

Lunna [17]

Answer:

1. Overheads rate per activity

Setup = $4,100 per setup

Machining = $120 per machine hour

Engineering = $60 per engineering hour

Packing = $0.30 per packing order

2. Cost per unit

Deluxe = $162.60

Normal = $53.675

Explanation:

As for the provided information:

We have,

Different activities as follows:

Setups = $2,050,000

Total setups = 300 + 200 = 500

Rate = $2,050,000/500 = $4,100 per setup

Machining = $48,000,000

Total machine hours = 100,000 + 300,000 = 400,000

Machine hour rate = $48,000,000/400,000 = $120 per machine hour

Engineering = $9,000,000

Total engineering hours = 50,000 + 100,000 = 150,000

Rate per hour = $9,000,000/150,000 = $60 per hour

Packing = $150,000

Packing orders = 100,000 + 400,000 = 500,000

Rate per hour = $150,000/500,000 = $0.30 per order

2. Calculating per product cost

Particulars Deluxe Normal

Setup Cost

In 3:2 ratio $1,230,000 $820,000

Machining Cost

In 1:3 ratio $12,000,000 $36,000,000

Engineering cost

In 1:2 ratio $3,000,000 $6,000,000

Packing Cost

In 1:4 Ratio $30,000 $120,000

Therefore total cost for each printer

$16,260,000 $42,940,000

Number of units 100,000 800,000

5 0

3 years ago