Due to scarce resources, every individual, whether rich or poor, faces an opportunity cost when choosing to produce or consume more of one good over another.
<h3>What is the problem with scarce resources?</h3>
The gap between scarce resources and hypothetically unbounded needs is referred to as scarcity and is a fundamental economic issue. In order to meet both basic necessities and as many additional wants as feasible, people must decide how to spend resources effectively.
The value of the best option foregone is the opportunity cost of a decision. The state of not being able to obtain all the commodities and services one desires is known as scarcity. It exists because there are more commodities and services that people demand than can be produced with all of the available resources.
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Answer:
$914,000
Explanation:
Based on the information given we were told that Raymond accepted an EPA which is fully known as Environmental Protection Agency settlement offer of the amount of $914,000 which means that the amount that Raymond should have reported as the ACCRUED LIABILITY on its December 31, 2021, balance sheet should have been EPA settlement offer of the amount of $914,000.
Answer:
Total job Costs added to Work In Process in October=$ 21, 700
Explanation:
Jaycee Corporation
Direct Materials requisitioned $3,200
Direct labor $4,700
Over head = 150% 0f $ 4700= $ 7050
Total Costs Added During September = $ 3,200+ $ 4,700+ $ 7050= $ 14950
Costs Added During October
Direct Materials $3,700
Direct labor $7,200
Overhead = 150 % 0f $ 7,200 = $ 10,800
Total job Costs added to Work In Process in October= $ 3,700+ $ 7,200 + $10,800= $ 21, 700
thanks, buddy... I appreciate it...:)
You could start out by finding out how much demand there is for this kind of service. Go around your neighborhood and ask how likely everyone would be to utilize a dog walking or training business, and how much they would be willing to pay for such a service. Alternatively, you could create a survey online and send it to groups within your city. You can create a survey using Google Forms.
If there is enough demand for it and if the price is right, then present this information to your parents. This way you can show them that you're very serious about starting your own business and you have the know-how to do so.
Starting out with just a focus on dog-walking could be great, and then you could expand from there to training. If you have a good sized yard or a nearby dog park to work at for training, then you're set. After that you can move on to dog rescuing. Of course, you will need more space for rescuing dogs and will definitely need at least a yard.
Good luck with your parents and good luck with the business!
