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valentinak56 [21]
4 years ago
12

Does the market system result in allocative​ efficiency? in the long​ run, perfect competition

Business
1 answer:
Inga [223]4 years ago
7 0
C.

Allocative efficiency in simple terms basically means there is no wastage, therefore if producers produce at price equals marginal coat, they are producing at the point where consumers are willing to pay that final price. Refer to the poorly drawn diagram for reference.

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The following balances come from the financial statements of Way Industries: Sales revenue $850,000; Accounts receivable $280,00
finlep [7]

Answer: 12

Explanation: The ratio of  number of times an inventory is used or sold in a specific period , generally a year, is called inventory turnover ratio. It can be computed by using the following formula :-

= \frac{cost\of\goods\sold}{average\inventory}

where,

cost of goods sold = beginning inventory + net purchase - ending inventory

                               = $50,000 + $460,000 - $30,000

                               = $ 480,000

average inventory  = \frac{beginning\invetory+closing\inventory}{2}

                               =\frac{50000+30000}{2}

                               = $40,000

so,

inventory turnover ratio = \frac{480000}{40000}

                                       = 12

6 0
3 years ago
When a company like Gawker Media finds a potential pool of employees, like the individuals they find posting great comments onli
docker41 [41]

Answer:

b. application form

Explanation:

Based on the scenario being described within the question it can be said that they most likely have these individuals fill out an application form. Like mentioned in the question this is the first step in the pre-screening process in which individuals fill out a form that has all of their basic information, including skills, previous work experience, age, name, id number etc. All information that the employer may need to evaluate their potential for the job that they are hiring for.

4 0
3 years ago
If the the United States imports $100 million of goods and exports $150 million, what does the United States have?
Alik [6]
B) A trade surplus.
8 0
3 years ago
Read 2 more answers
Improperly capitalizing a repair and maintenance expense item as fixed asset will result in:____.
Fudgin [204]

Improperly capitalizing a repair and maintenance expense item as a fixed asset will result in an <u>overstatement of profit in the current year and an understatement in future years</u>.

Fixed assets seek advice from long-term tangible assets which can be used inside the operations of an enterprise. They offer long-term monetary advantages, have a useful existence of a couple of yr, and are labeled as assets, plants, and equipment on the balance sheet.

Fixed assets, additionally called lengthy-lived assets or property, plant, and the system is a term utilized in accounting for assets and belongings that can't effortlessly be transformed into cash. Fixed assets are unique from the contemporary property, which includes coins or bank accounts because the latter are liquid property.

Fixed assets are capitalized. It really is due to the fact the advantage of the asset extends past the year of buy, not like different costs, which might be length expenses benefitting handiest the duration incurred. constant assets should be recorded at a price of the acquisition

Learn more about Fixed assets here brainly.com/question/20289326

#SPJ4

5 0
2 years ago
________ get things done through other people. they make​ decisions, allocate​ resources, and direct the activities of others to
Galina-37 [17]
Managers get things done through other people. They make decisions, allocate resources and direct the activities of others to attain goals. 

Managers oversee the work being done by an organization and communicate what needs to be done down through the appropriate channels. Managers have a very important role in how an organization operates because they keep everyone on track with what needs to be done. 
7 0
3 years ago
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