All categories

2 years ago

In economics, why must consumers, businesses, and governments make choices?

1 answer:

4 0

Due to scarcity. There exist unlimited wants but only scarce amount of resources to meet those wants so items must be allocated through a system of prices or through exchange.

You might be interested in

The _________________ is an accounting method that (a) estimates bad debts expense from credit sales during the period sales are

oksian1 [2.3K]

Answer:

A) Allowance method of accounting bad debts

Explanation:

Based on the allowance method, the bad debts should be calculated on either credit sales i.e. income statement method or receivable aging method i.e. balance sheet method. Also, the account receivable should be recognized at net realizable value

Therefore the allowance method of accounting bad debts is an answer

5 0

3 years ago

A friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to fi

SVETLANKA909090 [29]

Answer:

A- 12

B- 1.09

C- 52.15%

Explanation:

A. The job finding rate (f) is the fraction of unemployed individuals who find a job each month. (f) is thus the inverse of the average spell of unemployment. Spell of unemployment was 1/12. Knowing that 1/12 is 0.083, then inverse it. 0.083^-1 = 12.

B. Separation Rate would be 11/12 or 0.917. Take the inverse of that 0.917^-1 = 1.09

C. natural rate of unemployment = rate of job separation / (rate of job separation + rate of job finding) = 1.09/1+ 1.09 = 52.15%. this shows that natural and unemployment is 52.15%.

7 0

2 years ago

Which channel is typically used between a supplier and manufacturer of industrial products?

ZanzabumX [31]

Direct channel is typically used between a supplier and manufacturer of industrial products.

A supplier is a person, company, or entity that provides products or services to another entity. For example, a laptop manufacturer or a company that sells her PCBA to his OEM is an example of a supplier.

Supply In his chain, a provider or seller is a company that provides goods or services. Generally, supply chain providers manufacture inventory/stock items and sell them to the next link in the chain. Today, these terms refer to providers of goods or services.

In business, a supplier is a person or entity that sells quality services and goods at a reasonable cost from manufacturers to retailers or distributors.

Learn more about supplier here:brainly.com/question/26500183
#SPJ4

4 0

1 year ago

Exercise 3-05 The ledger of Whispering Rental Agency on March 31 of the current year includes the following selected accounts be

ololo11 [35]

Answer:

Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly.

Explanation:

Depreciation expense 777

Accumulate depreciation 777

Insurance expense 975

Prepaid Insurance 975

Interest expense 470

Notes ´payable 470

Expense supllies 1974

Supplies 1974

Unearned revenue 2350

Revenue 2350

4 0

2 years ago

Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following. Units to be pro

lesya692 [45]

The preparation of the manufacturing overhead budget for the year, showing quarterly data, for Atlanta Company is as follows:

ATLANTA COMPANY

<h3>Manufacturing Overhead Budget </h3>

Quarter 1 2 3 4

Production units 10,700 12,400 14,700 16,300

Variable overhead costs:

Indirect materials $0.90 $9,630 $11,160 $13,230 $14,670

Indirect labor $1.30 13,910 16,120 19,110 21,190

Maintenance $0.70 7,490 8,680 10,290 11,410

Total variable overhead costs $31,030 $35,960 $42,630 $47,270

Fixed overhead costs:

Supervisory salaries $37,280 $37,280 $37,280 $37,280

Depreciation 18,330 18,330 18,330 18,330

Maintenance 13,020 13,020 13,020 13,020

Total fixed overhead costs $68,630 $68,630 $68,630 $68,630

Total overhead costs $99,660 $104,590 $111,260 $115,900

Direct labor hours (1.6) 17,120 19,840 23,520 26,080

Manufacturing overhead rate

per direct labor hour $5.82 $5.27 $4.73 $4.44

<h3>What is the manufacturing overhead budget?</h3>

The manufacturing overhead budget is a budget for all manufacturing costs except direct materials and direct labor.

The manufacturing overhead budget will show the total variable and fixed overhead costs with details.

Learn more about preparing a manufacturing overhead budget at brainly.com/question/16200173

3 0

1 year ago