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3 years ago

Which basic economic question determines how a society will produce goods and services?

2 answers:

5 0

the three basic questions are:
1. who consumes the goods and services produced in society?
2. what goods and services should be produced?
3. how should goods and services be produced?

Galina-37 [17]3 years ago

4 0

I believe the answer is: What goods and services are produced?

Before we can determine how we should produce goods or service, we first need to determine the type of goods and services that are needed by the market. After knowing this, then we can see the resources availability in near us to determine the most efficient method to do the production.

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The following data (in thousands of dollars) have been taken from the accounting records of Karmint Corporation for the just com

Fittoniya [83]

Answer:

B) $420

Explanation:

Raw materials inventory, beginning - $50

add: purchases of raw materials - $150

less: raw materials inventory, ending - $40

equals: raw materials used - $160

add: direct labor - $140

add: manufacturing overhead - $160

equals: Total Manufacturing Cost - $460

add: work in process inventory, beginning - $30

equals: Cost of Goods Put into Process = $490

less: work in process inventory, ending - $50

equals: Cost of Goods Manufacture - $440

add: finished goods inventory, beginning - $80

equals: Cost of Goods Available for Sale - $520

less: finished goods inventory, ending - $100

equals: Cost of Goods Sold - $420

Cost of goods sold (COGS) refers to the direct costs attributable to the production of the goods sold in a company.

This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good.

It excludes indirect expenses, such as distribution costs and general and selling expenses.

8 0

4 years ago

. Says law says? Do you agree or disagree with Jean? (Jean Baptiste Say) EXPLAIN. (hint...loanable funds market

Drupady [299]

To answer the question above as to Jean's explanation on Say's Law or The Law of Market.. I agree that "if there is a surplus of goods, there must be unmet of demand for others". Jean's explanation is more of a Capitalist style of management.

5 0

4 years ago

What do diagnostic professionals do

aliina [53]

They are radiologists. They are people who look at X-Rays, MRI scans, et cetera.

4 0

3 years ago

Explain the advantages and disadvantages of having pollution control under local and state rather than federal jurisdiction.

tatiyna

Answer:

Explanation:

Local government officials are outraged by unfunded mandates–regulations imposed from Washington but paid for locally. For example, Montanans must clean up the naturally-occurring arsenic in the Madison River because arsenic levels coming from geysers in Yellowstone Park exceed national standards. Yet, according to Environmental Protection Agency (EPA) estimates, a person would have to consume two liters of untreated water from the source and eat 6.5 grams of fish every day for 70 years to increase his or her risk of cancer by 1 in 10,000. Towns such as Aspen, Colorado, and Triumph, Idaho, are locked in an unending battle with the EPA because it claims that hazardous waste sites (places that have old mine tailings) must be cleaned up even though the communities do not feel the risks warrant the disruptions (Stroup 1996). Federal regulations to protect endangered species and wetlands have forced property owners to stop farming, logging, and building on their property (Lund 1995)

5 0

3 years ago

Differences between pretax accounting income and taxable income were as follows during 2021: ($ in millions) Pretax accounting i

pishuonlain [190]

Answer:

20 million

Explanation:

Calculation to determine the deferred tax asset or liability to be reported in the balance sheet

Using this formula

Deferred tax asset or liability=cumulative temporary difference as of the end of 2021 *tax rate

Let plug in the formula

Deferred tax asset or liability= $80 million *25%

Deferred tax asset or liability=20 million

Therefore the deferred tax asset or liability to be reported in the balance sheet is $20 million

8 0

3 years ago