Scarcity is to not have enough resources to fullfil a societies wants and needs. The 3 basic questions a society must ask inorder to deal with this are. what to produce? how to produce? and, for whom to produce? whoever answers those questions is how I societies economic system is decided. Though to answer your question in short, the basic goal of a society is to deal with scarcity, they achieve this by producing as much resources as possible with the little resources available.
Answer:
The quick ratio can be worked out as below;
Explanation:
Quick ratio=Current Assets excluding inventory stocks/Current liabilities
Current Assets=210+800
Current liabilities=$1,260
Quick Ratio =($210+4800)/$1,260
Quick Ratio=1.25
Basically, the equity method is used to account the amount of an investment which is made by a company on an entity.However, this is done by an investor who contains a substantial amount of investment in the investee company.The investee records any adjustments in the other comprehensive income whereas the investor makes changes in the investment account.
Answer:
The pension benefit obligation will be $331500
Explanation:
We have given PBO = $265000
Less pension benefits paid = $40000
Discount rate = 10% = 0.01
Service cost = $80000
Interest cost = $265000×0.01= $26500
We have to find the amount of PBO
So the pension benefit obligation PBO will be = $265000+$80000+$26500-$40000 = $331500
So the pension benefit obligation will be $331500
