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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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Which one of the following is not an assumption of the EOQ model? Decisions for one item can be made independently of decisions

irga5000 [103]

Answer:

Quantity discounts can be taken advantage of for large lot sizes.

Explanation:

The EOQ model assumptions:

the order of one item does not intervene with the other.

The order will arrive without delay and with a specific amount of goods.

no losses or damage in transit

The EOQ does not consider the discount for large lot size, their formula does not consider the value of the goods:

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

Its use: Demand of the good

cost of Setup, or ordering cost.

and Holding cost, the cost of keeping the inventory

There is no variable to account for discounts for order size in this method

7 0

3 years ago

47. Specialty stores use a wide variety of products in one product category as their key competitive tool.

leonid [27]

Answer:

<h3>true or if i wrong fulse so </h3>

6 0

3 years ago

Michael Co. is a corporation that sells breakfast bars. Based on the accounts listed below, what are Michael's total trade recei

Thepotemich [5.8K]

Answer:

B. $42,000

Explanation:

Trade receivables refers total amounts that customers of a company are owing the company for goods or services sold to them.

For Michael Co., this can be calculated as follows:

Michael's total trade receivables = 3-month note due from Michael's main customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales

Therefore, we have:

Michael's total trade receivables = $12,000 + $19,000 + 11,000 = $42,000.

Therefore, Michael's total trade receivables is $42,000.

7 0

3 years ago

Olivia’s employer deducts an amount from her paycheck for the medicare program. What type of withholding is being deducted from

hjlf

If your choices are:
A) tax exemption
B) local withholding
C) state withholding
D) Social Security

Then the answer is D) Social Security. It is from the government which gives the citizens to have the right to be admitted or to give insurance for the health.

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3 years ago

Read 2 more answers

Primare Corporation has provided the following data concerning last month’s manufacturing operations.

musickatia [10]

Explanation:

Primare Corporation

Cost of Goods Manufactured

Beginning work-in-process inventory $56,000

Manufacturing costs:

Direct materials:

Beginning inventory $12,000

Purchases $30,000

Materials available $42,000

Less: Ending inventory -$18,000

Direct materials used $24,000

Less:Indirect materials included in manufacturing overhead -$5,000

Other manufacturing costs

Direct labor $58,0000

Manufacturing overhead applied to work in process $87,000

Less: Ending work-in-process $65,000

Cost of goods manufactured $155,000

b. Primare Corporation

Cost of Goods Sold

Beginning finished goods inventory $35,000

Add: Cost of goods manufactured $155,000

Finished goods available for sale $190,000

Less: Ending finished goods inventory -$42,000

Unadjusted cost of goods sold $148,000

Add: Under applied overhead $4,000

Cost of goods sold $152,000

5 0

3 years ago