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melamori03 [73]
3 years ago
6

One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs. The growth that arises from capital accumulat

ion is not a free lunch. It requires that societyA.conserve resources for future generations.B.sacrifice consumption goods and services now in order to enjoy more consumption in the future.C.recycle resources so that future generations can produce goods and services with the accumulated capital.D.None of the above is correct.
Business
1 answer:
Trava [24]3 years ago
4 0

Answer:

B.sacrifice consumption goods and services now in order to enjoy more consumption in the future.

Explanation: Tradeoff is a term used in Economics to refer to the sacrifice of a particular quality or goods in order to enjoy the benefits of the use of another.

Tradeoffs are applied in Economic decisions especially in a situation where there are two competing needs, it is applied in order to choose the most urgent and necessary while the other can be considered for a later day or period.

Applying tradeoffs in Economic decisions will lead to an increase of one factor or need which will lead to a decrease in another factor or need.

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Assume that on November 1, 2019, a 3-month rent payment for $8,000 per month (for a total of $24,000) was made with respect to a
ziro4ka [17]

Answer:

a)

Rent Expense   Dr.$16,000

Bank                  Dr.$48,000

Prepaid Rent     Cr.$64,000

Explanation:

The company entered into lease on 1st November 2019 with rent of $8,000 per month. the company on 1st November 2019 recorded prepaid rent as follows; which is wrong

Prepaid Rent Dr. $72,000

Bank              Cr. $72,000

This is wrong entry as prepaid rent was overstated by ($72,000-$24,000 ) $48,000 and same like bank was understated by $48,000

The correct entry should have been like this as on 1st November 2019;

Prepaid Rent Dr. $24,000

Bank               Cr. $ 24,000

By 31st December 2019, two months rent have already accrued so prepaid rent should be credited by (8000*2+48,000 for additional amount recorded)

<em>So the rectifying entry is; as on 31st December 2019</em>

<em>Rent Expense   Dr.$16,000</em>

<em>Bank                  Dr.$48,000</em>

<em>Prepaid Rent     Cr.$64,000</em>

7 0
3 years ago
Mattel views the toy market as composed of four age groupings, each with different needs and desires. Each of these groups are k
blondinia [14]

Answer:

the answer is a market segment

Explanation:

a market segment is a sector in the market that has potential customers and consumers that have similar characteristics and similar tastes along with more or less similar purchasing power.

because of this, the consumers in a market segment will react in a similar way (most of the time) to a given marketing campaign.

4 0
3 years ago
Scenario 1: suppose savers either buy bonds or make deposits in savings accounts at banks. initially, the interest income earned
erica [24]

The change in the tax treatment of interest income from saving causes the equilibrium interest rate in the market for loanable funds to increase and the level of investment spending to decrease.  If the interest increase, it follows that the spending would decrease.


3 0
3 years ago
Read 2 more answers
a project has the activity duration and cost information indicated in the table where all times are in weeks. there is a penalty
Scrat [10]

Finishing this job could cost as low as $222,000 in total. If the project is finished in 45 weeks, the final cost will be $400,000. If the project is completed in 46 weeks, the overall cost will be $405,000. The project is finished in 45 weeks, which has the lowest overall cost.

This project can be finished for as little as $222,000 overall. This is so that there is no penalty if the project is finished in 45 weeks. A $5,000 fine is imposed if the project is finished in less than 46 weeks. Thus, completing the project in 45 weeks results in the lowest overall cost. Examining the costs associated with each action is one method to approach this. The first activity will cost $40,000 to complete. The second activity will cost $60,000 to complete. The third activity will set you back $80,000. The fourth action will set you back $100,000. The sixth activity will set you back $120,000. The project will cost $400,000 in total. The overall cost, if the project takes 45 weeks to complete, is $400,000. The whole expense is $405,000 if the project is finished in 46 weeks. Thus, completing the project in 45 weeks results in the lowest overall cost.

To know more about Cost, refer to this link:

brainly.com/question/20534030

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4 0
1 year ago
In the context of group decision making, which of the following is a difference between the nominal group technique (NGT) and th
Anit [1.1K]

Unlike the NGT, the Delphi technique involves creating a series of open-ended questions for group members.

Explanation:

An open-ended query is not replied by a "yes" or "no" answer or by a set answer. Questions open to the public are presented as a declaration requesting a response. The solution is equivalent to knowledge that the questioner is already acquainted with.

Types of open-ended questions:

  • Tell me your supervisory partnership.
  • How do you look forward to the future?
  • In this photograph, tell me about the children What's the government's purpose?
  • Why have you selected the reply?
5 0
3 years ago
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