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3 years ago

2. Distinguish between economic and non-economic wants.

Business

1 answer:

bulgar [2K]3 years ago

4 0

Answer:

Difference among the economic wants and the non- economic wants is shown below:

Explanation:

Wants is the term which is described as the desires for the things that the person or an individual may or may not actually require or needed.

a. Economic wants

1. Economic wants are those wants which generally known as the desires and are usually satisfied or fulfilled after taking or consuming he service, goods or in other cases leisure.

2. Economic wants is spending money in order to satisfy the want or the desire.

b. Non - economic wants

1. Non- economic wants are those wants which are generally the human needs, that is required or needed to be satisfied without involve the monetary cost or the value.

2. It might involve the water, air.

3. These are those wants that could be fulfilled without spending the money.

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Tobin Supplies Company expects sales next year to be $520,000. Inventory and accounts receivable will increase $90,000 to accomm

elena-s [515]

Answer:

$17,200

Explanation:

Calculation to determine How much external financing will Tobin Supplies Company have to seek

Net Income=[$520,000 x 20%]

Net Income = $104,000

Dividend Pay-out= [$104,000 x 30%]

Dividend Pay-out = $31,200

Additions to Retained Earnings = [$104,00 - $31,200]

Additions to Retained Earnings=$72,800

Now let determine the The External Financing Needed using this formula

The External Financing Needed = Increase in Assets – Additions to retained earnings

Let plug in the formula

The External Financing Needed= $90,000 - $72,800

The External Financing Needed= $17,200

Therefore The External Financing Needed is $17,200

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3 years ago

Evaluate the business and charitable contributions of andrew carnegie and john

Jet001 [13]

Both Carnegie and Rockefeller were the biggest businessmen and the riches in the 20th century. After all their great amount of profits garnered, both had individually decided to embark in a journey of charities. Carnegie had charity contributions that were made into school such as the Carnegie Institution, Tuskegee Instituion, and a lot more. He was dubbed as the patron saints of libraries and decided to set up more charitable foundations. Rockefeller on the other had a lot of charities and activities that gave away his excess money into charitable causes. He too had built schools by starting to build University of Chicago.

But with all their charitable and business contributions, I would say I like Carnegie more because it gave away of a lot of technologies we know of today and he is working on a principle he deeply believes in that after gaining your wealth you should contribute this wealth for the general welfare. However, Rockefeller too was great and focused his contributions on public service.

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3 years ago

The Academic Computing Center has five trainers available in its computer labs to provide training sessions to students. Assume

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Answer:

Total actual utilisation = 1,710 unit

Explanation:

Given:

Design capacity = 1,900 units

Effective capacity = 90%

Actual output = 1,500 units

Total utilisation = ?

Computation of Actual unit utilise:

Total actual utilisation = Design capacity x Effective capacity

Total actual utilisation = 1,900 x 90%

Total actual utilisation = 1,900 x 0.9

Total actual utilisation = 1,710 unit

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3 years ago

List the steps in the PACED decision-making process.

Citrus2011 [14]

<span>P. Step 1: Define the Problem. Why do you have to make a choice?
A. Step 2: List the Alternatives.
C. Step 3: Determine the Criteria (rules for evaluating or testing options)
E. Step 4: Evaluate the alternatives.
<span>D. Step 5: Make the Decision.</span></span>

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4 years ago

Mr. Porter sells 10 bottles of champagne per week at $50 per bottle. He can sell 11 bottles per week if he lowers the price to $

Anuta_ua [19.1K]

Answer:

$45; $50

Explanation:

Given that,

Quantity sold (at price = $50 per bottle) = 10 bottles of champagne

Quantity sold (at price = $45 per bottle) = 11 bottles of champagne

Therefore,

Quantity effect (keeping the price unchanged):

= (11 - 10) × $45

= $45

Price effect (keeping the quantity unchanged):

= ($45 - $50) × 10

= - $50

Hence, total revenue experiences an increase of $45 and a decrease of $50.

3 0

3 years ago