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4 years ago

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question,

Business

1 answer:

dexar [7]4 years ago

6 0

Answer:

What to produce?

Explanation:

What to produce?

Due to the fact that resources are scarce, a producer has to decide what he wants to produce.

In the question above, the consumer has decided to produce consumer goods.

How to produce?

The producer has to decide on the optimal production method to employ. It has to decide whether a labour or technology intensive production method would be better .

For whom to produce?

A producer has to answer this question in order to be able tailor his product to perfectly suit his target customers. The producer has to decide if to produce for young people, middle aged people or the elderly or sell to the poor or rich.

I hope my answer helps you

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Many accounting professionals work in one of the following three areas:

BigorU [14]

Answer:

1. C.Tax accounting

2. C. Tax accounting

3. A. Financial accounting

4. C. Tax "

5. B. Managerial "

6. A. Financial "

7. B. Managerial "

8. B. Managerial "

Explanation:

Tax accounting: accounting methods focused on tax.

Financial accounting: summary, analysis and reporting of financial transactions.

Managerial accounting: analyzing and communicating financial data to managers.

3 0

3 years ago

A factory machine was purchased for $125,000 on January 1, 2012. It was estimated that it would have a $25,000 salvage value at

zalisa [80]

Answer:

Annual depreciation 2012= $10,000

Explanation:

Giving the following information:

Purchase price= $125,000

Salvage value= $25,000

Useful life in hours= 40,000

The company ran the machine for 4,000 actual hours in 2012.

<u>To calculate the depreciation expense in 2012, we need to use the following formula:</u>

Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated

Annual depreciation= [(125,000 - 25,000)/40,000]*4,000

Annual depreciation= 2.5*4,000

Annual depreciation= $10,000

8 0

3 years ago

At the end of the year, the deferred tax asset account had a balance of $4 million attributable to a temporary difference of $16

Alex

Answer:

1 . Dr ncome tax expense 7

Dr Deferred tax asset 4

Cr Income tax payable 11

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

Explanation:

Preparation of Journal entries

JournalDebitCredit

(In million)

1 . Dr ncome tax expense 7

($11-$4=7)

Dr Deferred tax asset 4

($16× 25% = $4)

Cr Income tax payable 11

($44 × 25% = $11 )

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

(3/4 × $4) = $3 million

Deferred tax asset= ($16× 25%)

Deferred tax asset= $4 million

Income tax payable= ($44 × 25%)

Income tax payable= $11 million

5 0

3 years ago

The total annual expenditures on advertising in the United States Multiple Choice peaked last year at approximately $700 billion

sweet [91]

The total annual expenditures on advertising in the United States is about $420 billion.

Explanation:

In general, promotional expenses should be listed on the Income Statement of the organization.

Look for "advertising expenses," "marketing expenses" or "sale expenses." Often these costs may be combined in other financial or general costs.

Collectively, the top 200 marketers in the US spend a whopping 163 billion dollars on ads in 2018, up 3.6 per cent year on year, according to Ad Age's latest Leading National Marketers study.

5 0

3 years ago

In 2009, the worst recession in 80 years hit the United States, generally reducing household incomes. Despite this, profits and

Lelu [443]

Answer:

These stores sell inferior goods and services.

Explanation:

An inferior good or service is a good or service whose demand decreases as the income of their consumers increases, i.e. if the consumers are earning more money, they will consume less of them.

On the other hand, when their consumers' income decreases, their demand increases.

Both McDonald's and Dollar General are business that sell cheap goods and services, so when the financial crisis decrease American households' incomes, they more people purchased their goods and services.

8 0

3 years ago

Read 2 more answers