First one because a speech is how big the problem is and and what you need to adress what you don’t
Answer:
c. is a problem that exists in every economy.
Explanation:
Scarcity is shortage of supply with respect to demand.
This arises because of (causes) : Unlimited Wants, Limited resources having alternative uses.
Scarcity is a problem of each & every economy : underdeveloped, developing or developed economy. Eg - Developed Economy like US might be labour scarce, capital abundant & Developing Economy like India might be capital scarce, labour abundant.
This leads to (effects) : 3 Central Problems of Economy - What to produce , How to produce , For Whom to Produce .
Answer and Explanation:
The Journal entry to record the issuance of the bond is as follows:
Cash Dr $449,280 ($432,000 × 1.04)
To Bond payable $432,000
To Premium on bond payable $17,280
(Being the issuance of the bond is recorded)
here the cash is debited as it increased the assets and credited the bond payable and the premium on bond payable as it also increased the liabilities
B. 5
To compute stock turnover divide Sales/Average inventory
350/70= 5
Stock turnover is the amount of times inventory is sold in a given time period.
Answer: Incremental innovation ( answer for both the blanks)
Explanation: In simple words, incremental innovation refers to the process under which small improvement are made to the current practices of business. Such improvements through innovation results in better products and services offerings.
Such small changes however occur in large volumes and can easily revolutionize any industry.
