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3 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]3 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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Beginning inventory for the month contained 2,000 units that were 70 percent complete with respect to materials. During the mont

pickupchik [31]

Answer:

a. 60,600

Explanation:

Given,

The number of units completed and transferred out = 6000,

Ending inventory = 3,000,

Percentage of completed units with respect to materials = 20%,

So, the additional completed units = 20% of 3000

$=\frac{20\times 3000}{100}$

$=\frac{60000}{100}$

= 600

Hence, the weighted average equivalent units of production for materials for the month = 60,000 + 600

= 60, 600

OPTION A would be correct.

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2 years ago

What is progressive tax and what is it based on?

kozerog [31]

A progressive tax takes a larger percentage of income from high income groups than from low income groups and is based on the concept of ability to pay.

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2 years ago

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What flexibility assessment requires a partner?

SSSSS [86.1K]

Among the choices, letter A. trunk lift can be done with a partner. Trunk rotation and sit-and-reach can be done alone. When doing trunk lift, you can't measure alone on how far you have reached. Your in laying position where you are facing down. Your two hands are pressed under your legs.

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2 years ago

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What is the minimum requirement to enroll in an open college?

just olya [345]

Answer:

c. there is no requirement

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3 years ago

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Sage Company had cash receipts from customers in 2020 of $137,920. Cash payments for operating expenses were $84,990. Sage has d

Triss [41]

Answer:

sales revenue for the period: $ 143,900

operating expenses: $ 78,000

Explanation:

We solve for sales using the account recievable identity:

beginning account receivable + sales - collection = ending account receivable

12,330 + sales - 137,920 = 18,310

sales = 137,920 + 18,310 - 12,330 = 143,900

Then, for operating expenses, we have a prepaid expenses thus unexpired and therefore, not expenses under accrued accounting.

we solve like this:

beginning prepaid expenses 19,800

payment on expenses 84,990

total expenses payment 104,790

We now subtract the prepaid (unexpired) to get the amount accrued for the period:

104,790 - 26,790 = 78,000

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2 years ago