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3 years ago

Select the correct answer.

Business

1 answer:

BabaBlast [244]3 years ago

6 0

Answer:

The Exhaustible resources are scarce.

Explanation:

The Exhaustible resources are scarce. Exhaustible resources are the natural resources which are limited and takes years to form. They can be easily exhausted or depleted by the human activity. Exhaustible resources are- oil, gas, coal, etc.

Inexhaustible resources are the resources which can not be depleted by the human activity for example water energy, solar energy, wind energy, etc. Therefore Exhaustible resources are scarce as they cannot be formed quickly after use.

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Wonk is a unique furniture company that design, builds, and retails in Brooklyn, NY. You can customize your design with creative

Andrew [12]

Answer:

Make-to-order manufacturing.

Explanation:

Different Production Types:

-Make to Stock

-Make to Order (MTO)

MTO is a production approach where products are not built until a confirmed order for products is received. Customers highly customized requests can be satisfied and reconnect the value chain to the customer.

Process characteristics:

-Each order is specific, cannot be stored in advance

-Process manger needs to maintain sufficient capacity

-Variability in both arrival and processing time

-Role of capacity rather than inventory

7 0

3 years ago

A company used straight-line depreciation for an item of equipment that cost $16,950, had a salvage value of $4,200, and had a f

madreJ [45]

Answer:

Annual depreciation= $2,480

Explanation:

Giving the following information:

Total Purchase price= $16,950

Useful life= 5 years

Residual value= $4,200

<u>First, we need to calculate the accumulated depreciation at the end of year 3.</u>

Annual depreciation= (Total Purchase price - salvage value)/estimated life (years)

Annual depreciation= (16,950 - 4,200) / 5

Annual depreciation= $2,550

Accumulated depreciation= 2,550*3= $7,650

<u>Now, we can calculate the new depreciation expense:</u>

Depreciable value= 16,950 - 7,650= $9,300

Useful life= 3 years

Salvage value= $1,860

Annual depreciation= (9,300 - 1,860) / 3

Annual depreciation= $2,480

4 0

3 years ago

The sale price of a property is $100,000. The buyer pays $10,000 down and makes one payment of $268 on the existing loan balance

taurus [48]

Answer:

straight land contract

Explanation:

Based on the information provided within the question it can be said that the type of contract that is being illustrated in this scenario is a straight land contract. This is a contract where the interest cannot be overrided and payments are not specific, meaning that you can go paying the contract off little by little but the interest will adjust accordingly.

3 0

3 years ago

Knowledge Check 01 As of December 31, Marr, Inc., has accrued benefits to its employees for medical insurance (in the amount of

Ipatiy [6.2K]

Answer:

Journal Entry to record the employee benefit expense

Dr. Employee Benefits Expense $32,000

Cr. Employee Medical Insurance Payable $12,000

Cr. Employee retirement program payable $20,000

Explanation:

Employee benefits expense is the sum of medical insurance and retirement program expenses. As these payments are accrued and not yet been paid, so these will be classified as liabilities.

Employee Medical Insurance expense = $12,000

Employee retirement expense = $200,000 x 10% = $20,000

Employee benefits expense = Employee Medical Insurance + Employee retirement program

Employee benefits expense = $20,000 + $12,000

Employee benefits expense = $32,000

4 0

3 years ago

Prepare a statement of cash flows for MED Corporation. (Enter your answers in thousands. Amounts to be deducted should be indica

Allushta [10]

Answer:

Explanation:

Question

Prepare a statement of cash flows for MED Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Cash flow from Operating Activities $ Cash flow from Investing Activities $ Cash flow from Financing Activities $ Net Change in Cash and marketable securities $

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3 years ago