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lubasha [3.4K]
3 years ago
5

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

Business
1 answer:
Westkost [7]3 years ago
6 0

Answer:

C

Explanation:

it's called market dropout

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In a cost reimbursable contract, _____. the contract usually details the quality of the goods or services, the timing needed to
JulsSmile [24]

Answer:

the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost reimbursable contract, etc.

In a cost reimbursable contract, the organization, which is the client agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

This ultimately implies that, a client such as a business organization that enters into a cost reimbursable contract with another party such as a contractor, agrees to pay the contractor an agreed amount of money upon the completion or execution of the contract.

7 0
3 years ago
The account Unrealized Gain (Loss) on Available-for-Sale Investments should be included on the a.statement of retained earnings
Feliz [49]

Answer: b.balance sheet as an adjustment to stockholders' equity

Explanation:

Available-for-Sale Investments are investments by the company into other companies by means of owning their bonds or stocks. These bonds or stock are made available for selling and as such the company will not hold them to maturity.

For these types of instruments, the company will record the Unrealized Gains (losses) in Other Comprehensive Income. This is a part of the Equity Section of the balance sheet.

At the end of the period, the Unrealized Gains (losses) resulting from the Available for Sale Securities do not go to the income statement but rather are put into the Accumulated Other Comprehensive Income distinction in the Equity section of the balance sheet. You can find it right below the Retained Earnings line.

8 0
3 years ago
Read 2 more answers
Assume that labor and capital are the only two inputs a perfectly competitive firm uses to produce wheat. The firm hires its inp
noname [10]

The price of wheat per ton must be $4 when profit-maximizing combination is employed.

<h3>What is Price?</h3>

This is defined as the amount of money that has to be paid to acquire a given product.

To get the price per ton for the company to make profit, we find the ratio of the unit price of labor to the marginal product of labor.

$8 / $2 = $4.

Read more about Price here brainly.com/question/24877850

5 0
2 years ago
Under absorption costing , a company had the following per unit costs when 10,000 units were produced Direct labor Direct materi
bezimeni [28]

Answer:

Total unitary cost= $16.2

Explanation:

<u>First, we need to compute the total fixed overhead:</u>

Total fixed overhead= 10,000*6= 60,000

<u>Now, the unitary absorption cost for 12,500 units:</u>

Direct labor= 2.8

Direct materials= 3.8

Variable overhead= 4.8

Total variable cost= $11.4

Fixed overhead= (60,000/12,500)= 4.8

Total unitary cost= $16.2

The unitary cost is lower.

5 0
3 years ago
True or false: Managers know the importance of staff orientation, training, and development, so scheduling employees for it rare
Marat540 [252]

It is True that Managers know the importance of staff orientation, training, and development, so scheduling employees for it rarely conflicts with other organizational priorities.

<h3>What is Staff Management?</h3>

Staff management refer to the activities carried out or tasks performed by organization mangers in order to supervise, train, guide, develop and orienttate employees to achieve improved goals or mission. The managers tend to train, orientate and develop their staffs through various means to achieve set goals.

Therefore, It is True that Managers know the importance of staff orientation, training, and development, so scheduling employees for it rarely conflicts with other organizational priorities.

Learn more about Staff management from the link below.

brainly.com/question/1264817

4 0
2 years ago
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