Answer: b). Scarcity
Explanation:
Scarcity refers to the relative shortage of resources in comparison to human wants.
Non-renewable resources refer to the resources which do not renew itself at a sustainable rate and have the risk of depletion. In addition to this, human wants are unlimited, a normal human being wants more and more of everything.
When non-renewable resources and unlimited wants are combined together they lead to the shortage of resources, which lead to its <em>scarcity</em>.
Answer:
3.52 times
Explanation:
Given that,
Sales = $348,000
Beginning net Accounts Receivable = $89,000
Ending net Accounts Receivable = $109,000
Average accounts receivable:
= (Beginning net Accounts Receivable + Ending net Accounts Receivable) ÷ 2
= ($89,000 + $109,000) ÷ 2
= $198,000 ÷ 2
= $99,000
Accounts Receivable turnover:
= Sales ÷ Average accounts receivable
= $348,000 ÷ $99,000
= 3.52 times
Answer:
1153.85 per week and 28.85 per hour
Explanation:
Answer : a. new firms will enter if existing firms are making a profit and existing firms will exit if they are experiencing losses.
Reason: In a perfectly competitive industry the profits and losses give an indication to the firm on whether they to enter the industry or exit the industry. If a firm cannot cover all costs, it will exit.
Ending capital for the month = The month's beginning capital + Additional capital inflow for the month - additional capital outflow for the month
For example: if had $500 at the beginning of a month, you got a dividend of $100 during the month and also spend $50 on entertainment during the month, the ending capital would be 500 + 100 -50 = $550
