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3 years ago

In what ways do people cope with the problem of scarcity (5 sentence)

Business

1 answer:

lianna [129]3 years ago

7 0

There are three ways to cope up with the problem of scarcity:

a. Economic growth.

b. Improvement of use of available resources.

c. Reduction of wants.

Explanation: Economic growth mean the ability if an economy to produces products and services. Using the products wisely can improve the usage and helps in saving the resources. Society can improve the use their existing or available resources in order to reduce the scarcity by: Efficiency in productivity, efficient allocation of resources, full employment with minimum wastage and equity.

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Assume a company had the following production costs: Direct labor $ 2 per unit Direct material $ 3 per unit Variable overhead $

Mamont248 [21]

Answer:

Total production cost $ 14 per unit Under absorption costing True

The total product cost per unit when 4,000 units are produced would be $22.50 False

Explanation:

Direct labor $ 2 per unit

Direct material $ 3 per unit

Variable overhead $ 4 per unit

Total variable $ 9 per unit

Fixed overhead ($50,000/10,000 units) $ 5 per unit

Total production cost $ 14

Production Costs involve the fixed costs under absorption Costing. So the total Product cost under absorption costing is $ 14.

When 4,000 units are produced the production costs are as follows

Absorption Costing: 4,000 * 14= $ 56,000

Variable Costing : 4000 * 9= $ 36,000

So the second statement is false.

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2 years ago

The use of a variety of marketing channels to ensure maximum distribution is best called _______.

Delicious77 [7]

I believe the answer is B

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3 years ago

Sam student sends for a law school catalog from ivory towers university. according to the catalog, the law school applications a

7nadin3 [17]

If Sam had followed the guidelines in the college catalog, then there will be a valid contract that will be established as the school is likely to bound itself in honoring its obligations that are set forth in the college catalog. The correct answer is likely b.

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3 years ago

With regard to suppliers, just-in time typically require: Group of answer choices buyer inspection of all goods and materials. d

Arlecino [84]

Answer: long-term relationships and commitments.

Explanation:

Just in time typically implies long-term relationships and commitment. It requires a good understanding of the supplier and the manufacturer in terms of the quantity and the swiftness with material delivery. When there is a misunderstanding between the manufacturer and the supplier, delivery cones to a halt. This is why there's a need for a long lasting relationship and commitment.

5 0

3 years ago

On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market (effective) interest rate of 8%, r

Tomtit [17]

Answer:

1.Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

Cr Bonds payable 40,000,000

2a.Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

b.Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

3.$1,535,896.90

4. Yes

5.$37,282,000

Explanation:

1. Preparation of the Journal entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1.

Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

(40,000,000-37,282,062)

Cr Bonds payable 40,000,000

2. Preparation of the Journal entries to record the following:

a. Journal entry to record the first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount

First coupon payment December 31, Year 1, f

Dr Interest expense 1,535,896.90

(1,400,000+135,896.90)

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

(2,717,938 / 20 coupons = $135,896.90)

b. Journal entry to record the interest payment on June 30, Year 2, and the amortization of the bond discount

June 30, Year 2, second coupon payment

Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

(2,717,938 / 20 coupons = $135,896.90)

3. Calculation to Determine the total interest expense for Year 1.

Cash 1,400,000 + Discount on bonds payable 135,896.90 = $1,535,896.90

4. Yes the bond proceeds will always be less than the face amount of the bonds in a situation where the contract rate is less than the market rate of interest because if we have a high market rate than the coupon, this would mean that the bonds will sell at a discount

5. Computation for the price of $37,282,062 received for the bonds using the present value tables

PV factor, 4%, 20 periods =0.4564

PV annuity factor, 4%, 20 periods =13.590

Present Value (Face value) = $40,000,000 x 0.4564 = $18,256,000

PV of coupon payments = $1,400,000 x 13.590 = $19,026,000

Therefore the bond's market price will be:

Present Value (Face value) +PV of coupon payments

Bond's market price = $18,256,000 + $19,026,000

Bond's market price = $37,282,000

5 0

3 years ago

In what ways do people cope with the problem of scarcity (5 sentence)​

In what ways do people cope with the problem of scarcity (5 sentence)