The two factors that generate scarcity are related to the gap between limited resources and unlimited desires, generating an economic and social problem that impacts the lives of individuals.
<h3 /><h3>How to deal with scarcity?</h3>
For a country's economy not to be affected by scarcity, it is essential that there are strategic measures for the conscious use of scarce resources and the planning of public policies for social and economic development.
Therefore, scarcity must be fought with efficient allocation of resources, to avoid that the demand for a resource is greater than the supply and there is an economic imbalance.
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Answer:
Decker Enterprises
Based on the projections, Decker will have:___________:
b.) a financing surplus of $36
Explanation:
a) Data and Calculations:
Income Statement Current Projected
Sales na 1,500
Costs na 1,050
Profit before tax na 450
Taxes na 135
Net income na 315
Dividends na 95
Balance sheets Current Projected Current Projected
Current assets 100 115 Current liabilities 70 81
Net fixed assets 1,200 1,440 Long-term debt 300 360
Common stock 500 500
Retained earnings 430 650
Total 1,300 1,555 Total 1,300 1,591
b) Financing surplus 36
c) Decker Enterprises does not need additional financing, but has excess financing because the Liabilities and Equity are greater than the assets.
Answer:
The answer is: B) the EPA's decision takes precedence.
Explanation:
The Supremacy Clause (Article VI, Clause II of the Constitution of the United States of America) states:
"This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding."
This means that the federal government and its laws, treaties and rules have precedence over state or local laws.
Answer:
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Explanation:
Explanation:
The journal entries are as follows
On December 31, 2020
Cost of goods sold $24,650
To Allowance for reduction in inventory to NRV $24,650
(Being the cost of goods sold is recorded)
It is computed below:
= $379,880 - $355,230
= $24,650
On December 31, 2021
Allowance for reduction in inventory to NRV $3,640
To Cost of goods sold $3,640
(Being the allowance for reduction is recorded)
It is computed below:
= $24,650 - ($445,440 - $424,430)
= $24,650 - $21,010
= $3,640