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cluponka [151]
3 years ago
8

True/False:

Business
1 answer:
matrenka [14]3 years ago
5 0

Answer:

What are the 3 economic questions that must be answered?

Explanation:

: Because ALL economic resources are scarce, every society must answer three questions

What goods and services should be produced?

How should these goods and services be produced?

Who consumes these goods and services?

You might be interested in
Ayayai Corporation reported net income of $50,700 in 2020. Depreciation expense was $17,900. The following working capital accou
Lina20 [59]

Answer:

                                Ayayai Corporation

                            Statement of Cash Flows

                 For the Year Ended December 31, 202x

Cash flows from operating activities:

Net income                                                                         $50,700

Adjustments to reconcile net income:

  • Depreciation expense $17,900
  • Increase in accounts payable $13,600
  • Increase in accounts receivable ($12,000)
  • Increase in AFS securities ($17,100)
  • <u>Increase in inventory ($7,200)                                  ($4,800)</u>

Net cash flow provided by operating activities                $45,900

Notes payable are part of the financing activities of the company, they are not part of the operating activities. So any change in the value of notes payable must be included in the cash flows from financing activities.

6 0
3 years ago
Product mix depth refers to the ________. Group of answer choices ways in which the various product lines are related total mark
Ivanshal [37]

Answer:

number of versions offered for each product in the line

Explanation:

Line depth is all the numbers of sub-categories that a category has. In this question the nuber of versions which each product line has is the line depth. All the sub-categories or sub-products is considered as the depth of that product line. Whereas product mix is the number of product offered by the company .

8 0
3 years ago
A decrease in the demand for pastry chefs may come about because of an:
SOVA2 [1]

Answer:

D) Increase in the market wage rate for pastry chefs.

Explanation:

A decreased demand may be caused by an increased wage rate of pastry chefs. Since a bakery may hire this expensive labor and produce pastries, this will result in increased cost for the bakery, this will be passed on to the consumers in turn for increased prices. Consumers will buy less of it and thus demand for pastries will fall requiring bakeries to hire less chefs.

Hope that helps.

7 0
4 years ago
Megan is concerned about the performance of one of her teammates on a project. Which of the following is an example of effective
cupoosta [38]

Answer:

Explanation:

I think it is d

It is the only non degrading answer

8 0
3 years ago
Read 2 more answers
he cost for producing a certain product is $37 each. The fixed costs are $70,000. The selling price for each product is $72. 1.
DIA [1.3K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The Variable unitary cost= $37 each.

The fixed costs are $70,000.

The selling price for each product is $72.

1) revenue function= P*X

Revenue function= 72*x

Option E

2) Profit function= (P-Vc)*X-Fc

Profit function= 35*x-70000

Option B

3) break-even quantity= fixed costs/contribution margin

break-even quantity= 70000/35= 2000 units

Option D

4)  break-even point ($)=fixed costs/contribution margin ratio

Contribution margin ratio= contribution margin/P= 0,49

break-even point ($)=70000/0,4861111= $144000

5 0
3 years ago
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