1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kondaur [170]
3 years ago
6

Adverse selection occurs in the market for used cars because used car buyers ______

Business
1 answer:
umka2103 [35]3 years ago
4 0
Have less information than used car sellers
You might be interested in
How would you characterize Semler's early leadership Style according to the article Leadership That GetsResults? Explain?
horrorfan [7]

Answer:

Semler's early leadership Style was the coercive one. He expected a lot from his employees believe in micromanaging his team. He always do overtime and expects the same from his employees/team as well.

Explanation:

Semler's early leadership Style showed that he wanted immediate success and be bossy in terms of selecting and firing the employees.

3 0
3 years ago
The master budgeting process typically begins with the sales budget and ends with a cash budget and:
Serhud [2]

Answer:

Budgeted financial statements

Explanation:

4 0
3 years ago
Suppose that a firm's long-run average total costs of producing hand-crafted chairs is $300 when it produces 10,000 chairs and $
erastova [34]

Answer:

Coordination Problem

Explanation:

Below is the given values:

Average total cost of producing 10000 chairs = $300

Average total cost of producing 11000 chairs = $325

The coordination problem arises when an increase in total output increases the average total cost due to the non-coordination of the inputs used in the production process. Therefore coordination is correct answer.

6 0
3 years ago
Frederick Company has two service departments (Cafeteria Services & Maintenance). Frederick has two production departments (
Alja [10]

Answer:

Maintenance total cost: 325,000

Cost Allocated to Packagin from Maintenance 162,500

Explanation:

\left[\begin{array}{ccccc}&Maintenance&Cafeteria&Assembly&Packaging\\Employees&4&&8&8\\Direct \: Cost&270,000&275,000&&\\Allocate C&55,000&-275,000&&\\Subtotal&325,000&&110,000&110,000\\Allocate M&-325,0004&-15,760&-162,500&-162,500\\Total&&&272,500&272,500\\\end{array}\right]

We will divide the cafeteria cost by the sum of employees of the department and maintenance.

4+8+8 = 20

275,000/20 = 13,750

Then we multiply this by each department employees and add them to their cost.

Maintenance total cost after adding cafeteria is 325,000

Then we do the same, we divide this amount for the emplyees of the processsing department:

8 + 8 = 16

325,000/16 =20,325.5

Then we multiply by 8 employees: 162,500

Maintenance total cost: 325,000

Cost Allocated to Packagin from Maintenance: 162,500

5 0
3 years ago
In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 300 units at
Annette [7]

Answer:

(1) $2,720

(2) $2,220

Explanation:

Given the following sequence:

300 units at $6, 400 units at $7 and 200 units at $8

(1) FIFO method

Ending inventory = 360 units

Cost of ending Inventory:

= 200 units at $8 + 160 units at $7

= 200 × $8 + 160 × $7

= 1,600 + 1,120

= $2,720

(2) LIFO method

Cost of ending Inventory:

= 300 units at $6 + 60 units at $7

= 300 × $6 + 60 × $7

= 1,800 + 420

= $2,220

4 0
3 years ago
Other questions:
  • Cromley Corporation reports annual sales of $1,800,000. Its accounts receivable throughout the year averaged $150,000. a. Comput
    6·1 answer
  • Four years ago, Mr. B sold his personal property on contract for $200,000, which resulted in a capital gain of $100,000. Mr. B p
    11·1 answer
  • True/False <br> The criminal justice system is a static entity and does not change?
    7·2 answers
  • Inventories refer to A. goods that are a result of new inventions. B. goods that have been produced but have not yet been sold.
    14·1 answer
  • Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 8% compounded semiannually for 10 years
    9·1 answer
  • A local university has a goal of raising $500,000 for an escrow account. Their fund-raising committee has committed to raising $
    12·1 answer
  • The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment
    15·1 answer
  • Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has
    13·1 answer
  • Scott and Laura are married and file a joint tax return. Laura owns a sole proprietorship (not a "specified services" business)
    6·1 answer
  • You are evaluating your current portfolio of investments to determine those that are not performing to your expectations. You ha
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!