When the market does not result in an efficient allocation of scarce resources, economists call this:

Which of the following items is required onboard a Personal Watercraft (PWC)?

notka56 [123]

A/B Fire Extinguisher is required on-board a Personal Watercraft (PWC)

6 0

3 years ago

business buying often involves long-term relationships with suppliers. How does this affect buying behavior

Nadya [2.5K]

Answer:

By having a ling term relationship with the supplier has good and bad effects on buying behavior. I say this because it is a mass struggle for up in coming business entrepreneurs to be able to build long term supplier relationships which makes a lot of businesses end up failing. On the other hand for business that are already pretty established this is a benefit because they do not have to sorry about the suppliers side of bailing out and costing the business a lot of money.

Explanation:

6 0

3 years ago

Read 2 more answers

The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 7,390 batte

Sever21 [200]

Answer:

1. a. Raw Materials

Materials left in storeroom

= (7,390 - 6,800) * $145

= $‭85,550‬

b. Work in Process

90% were completed so 10% was left. 100 batteries were removed from the 6,800 batteries.

= 10% * (6,700 * 145)

= $‭97,150‬

c. Finished goods

Unsold goods are 30%.

= 6,700 * 90% * 30% * 145

= $‭262,305‬

d. Cost of goods sold

Sold goods were therefore 70%

= 6,700 * 90% * 70% * 145

= $‭612,045‬

e. Selling expense

= 100 batteries used in sales staff cars * 145

= $14,500

2.

Raw materials - Balance Sheet

Work in process - Balance Sheet

Finished goods - Balance Sheet

Cost of goods sold - Income statement

Selling expanse - Income statement

8 0

3 years ago

In one hour. Sue can produce 70 caps or 21 jackets and Tessa can produce 50 caps or 25 jackets. Sue's opportunity cost of produc

Marina CMI [18]

Answer:

both Sue and Tessa gain 0.3; 0.50

Explanation:

Sue's production possibilities frontier:

70 caps
21 jackets

Sue's opportunity cost:

opportunity cost of producing caps = 21 / 70 = 0.3 jackets
opportunity cost of producing jackets = 70/21 = 3.33 caps

Tessa's production possibilities frontier:

50 caps
25 jackets

Tessa's opportunity cost:

opportunity cost of producing caps = 25 / 50 = 0.5 jackets
opportunity cost of producing jackets = 50/25 = 2 caps

Sue should produce caps and Tessa jackets:

total production = 70 caps (Sue) + 25 jackets (Tessa), if they trade they will both win because each specialized in producing the good in which they have a comparative advantage (lower opportunity costs). If Sue traded and received 21 jackets, she would still have 28 caps left. If Tessa traded and received 50 caps, she would still have 10 jackets left.

6 0

3 years ago

Use the following data to determine the total dollar amount of assets to be classified as current assets

borishaifa [10]

Answer:

the total dollar amount of assets to be classified as current assets is $220,000.

Note that the correct option is $220,000 based on the information provided in the question. However, this is not included in the option. Kindly confirm the correct options from your teacher.

Explanation:

Current assets can be described as a group of assets that are can be easily converted to cash within a year. Current assets are therefore assets which are expected to be used, sold or consumed in a normal business operations within a financial year.

Current assets is one of th component of a balance sheet and its components include cash, inventories, account receivables, advance payment (prepayments), and others.

For this question, the total dollar amount of assets to be classified as current assets can be determined as follows:

Carne Auto Supplies

Current Assets Amount Determination

December 31, 2012

Particulars Amount ($)

Cash 60,000

Prepaid Insurance 40,000

Accounts Receivable 50,000

Inventory 70,000

Total current assets 220,000

Therefore, the total dollar amount of assets to be classified as current assets is $220,000.

6 0

3 years ago