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Nostrana [21]
2 years ago
11

The rationing function of prices refers to the fact that government must distribute any surplus goods that may be left in a comp

etitive market.
(A) True
(B) False
Business
1 answer:
natulia [17]2 years ago
4 0

Answer: false

Explanation: The rationing function of price describes the way in which the use of price is done for rationing of several scarce resource. This is done automatically by the market forces of demand and supply as when the demand for a commodity exceeds its supply the price of the commodity rises leading to decrease in demand.

Thus, rationing function states to ration the goods and distribute them carefully and not to distribute the surplus amount.

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Tamarisk, Inc. just began business and made the following four inventory purchases in June: June 1 162 units $972 June 10 216 un
Marta_Voda [28]

Answer:

Inventory= $1,890

Explanation:

Giving the following information:

Tamarisk, Inc. just began business and made the following four inventory purchases in June:

June 1: 162 units $972

June 10: 216 units  $1512

June 15: 216 units $1728 (1728/216=8)

June 28: 162 units $1458 (1458/162=9)

A physical count of merchandise inventory on June 30 reveals that there are 216 units on hand.

FIFO (first-in, first-out)

Inventory= 162*9 + 54*8= $1,890

4 0
2 years ago
G wholesalers who own the merchandise they sell but do not physically handle, stock, or deliver it are referred to as __________
Murljashka [212]
Merchants is the answer to the question.
5 0
3 years ago
The tiny nation of Tinian is extremely efficient in the mining of tin. However, its climate and terrain makes it difficult to pr
shepuryov [24]

Answer:

Focus it's concentration on tin and buy corn from a competent producer.

Explanation:

According to the comparative theory of advantage, since it is well known that the Tinians are very good in the mining of tin but their terrain and climate makes it difficult for them to produce corn it is advisable for the Tinians to focus fully on the production of tin and then buy corn from a capable producer.

3 0
3 years ago
Vasudevan Inc. recently reported operating income of $2.30 million, depreciation of $1.20 million, and had a tax rate of 25%. Th
Korvikt [17]

Answer:

free cash flow is 2.352 million

Explanation:

Given data:

operating income is $2.30 million

depreciation $1.20

tax rate is 25%

free cash flow is calculated by using below formula

free cash flow = operating  income ( 1- Tax) + depreciation -  fixed working capital

                       = 2.75( 1 - 0.25) + 1.20 - 0.6

                       = 2.352 million

free cash flow is 2.352 million

4 0
3 years ago
Employers often decide if they want to meet you based on your… so it is very important to highlight your strengths.
andreyandreev [35.5K]

Answer:

Hello There!!

Explanation:

I think the answer is D. credit report.

hope this helps,have a great day!!

~Pinky~

7 0
2 years ago
Read 2 more answers
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