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3 years ago

The fact that we cannot have everything we want is caused by?

2 answers:

7 0

Not enough to go around. By definition, scarcity means limited resources. In our society it’s nearly impossible to obtain every want due to limits on time, money, and other resources. So we must make choices as to which “wants” are the priority.

Akimi4 [234]3 years ago

6 0

The reason everybody doesn't have what they want is that, if everybody could have everything they want, whenever they want it, then we wouldn't need economics. Or maybe politics or warfare, either. We could all just sit around playing on top of our endless mountain of toys. But the real world doesn't work quite like that. We can't have it all. We have to make choices. Hope I helped!

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If Highway 55 Studios can reduce fixed expenses by , by how much can variable expenses per unit increase and still allow the co

solniwko [45]

Answer:

$2.25

Explanation:

Please check the attached image for the full question used in answering this question

Breakeven sales is the quantity sold at which net income is equal to zero.

Breakeven sales = fixed cost / (price per unit - variable cost per unit )

$1,215,000 / ($80 - $35) = 27,000

If Highway 55 Studios can reduce fixed expenses by $60,750, variable cost =

27,000 = ($1,215,000 - $60,750) / ($80 - V)

27,000 = 1,154,250 / ($80 - V)

V = $37.25

Variable cost would increase by : $37.25 - $35 = 2.25

8 0

3 years ago

Swift Company was organized on March 1 of the current year. After five months of start-up losses, management had expected to ear

scoundrel [369]

A new income statement for August for Swift company is shown below.

Also, since the president has asked you to check over the income statement and make a recommendation as to whether the company should look for a buyer for its assets.

My recommendation would be to not buy.

Swift Company

Income Statement

For the Month Ended August 31

Particulars Amount (in $) Amount (in $)

Sales .............................................................. 450,000

Cost of goods sold:

Finished goods inventory, August 1 ............... 40,000

Add: Cost of goods manufactured ................. 310,000

Goods available for sale ................................ 350,000

Deduct: Finished goods inventory, August 31.. 60,000 290,000

Gross margin .................................................. 160,000

Selling and administrative expenses ................. 142,000

Net operating income...................................... 18,000

Sam failed to distinguish between product costs and period costs when preparing the August income statement, and he also failed to recognize changes in inventories between the beginning and end of the month.

Once these errors are corrected, the company's financial situation looks much better, and selling the company may not be a good idea.

Hence, my recommendation would be not to buy.

Learn more about income statement:

brainly.com/question/24498019

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7 0

1 year ago

Sheria has to evaluate whether she has enough in-house staff working on her project. What steps should she go through to compute

Sergio039 [100]

The answer is going to be A

6 0

3 years ago

Read 2 more answers

Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are

kifflom [539]

Answer:

30,000 tons

Explanation:

Units Completed = Beginning Work in Process Units Completed + Units started and Completed during October

45,900 = 15,900 + Units started and Completed during October

Units started and Completed during October = 45,900 - 15,900

Units started and Completed during October = 30,000 tons

5 0

3 years ago

When entering a foreign market, Mountain Stream Brewery entered into an agreement with a local firm to brew and market Mountain

liq [111]

Answer:

A. Licensing

Explanation:

-Licensing is an agreement in which a company allows another one to use its property in a specific market during a certain period of time.

-Franchising is when a company allows someone else to start a business using its ideas, concepts or processes and sell its products under the company's name.

-Foreign direct invesment is when an organization has a company in another country.

-Foreign subsidiary is when a company is part of another one that is located in a different country.

According to this, this is an example of licensing because Mountain Stream Brewery made an agreement with a local firm to allow it to sell its beer in a foreign market.

7 0

3 years ago