Answer:
Scarcity is a condition that is everywhere and always, since it is based upon two assumptions that reflect permanent universal conditions. The assumptions are that more output will satisfy more wants and the world has limited productive resources
Explanation:
Due to the fact that there is high demand in market and there is limited productive resources which in turns affect the demand, hence; causing scarcity
Answer:
yesss but i graduated in 2017
Answer:
$200
Explanation:
When Supplies inventory are purchased, a debit is posted to Supplies inventory and a credit to cash account or accounts payable.
As the inventories are used, debit Supplies expense and credit Supplies inventory account.
Given that $1,000 was the debit in the books and $800 per count, it means the books balance needs to be written down to the physical balance. The difference to be posted
= $1,000 - $800
= $200
This will be done by
Debit Supplies expense $200
Credit Supplies Inventory $200
Being entries to record inventory used in July
The firm’s operating cycle is equivalent to the sum of
the total number of days of a cycle of the receivables turnover and the
inventory turnover.
Receivables turnover = 365 days / 14.8 = 24.66 days
Inventory turnover = 365 days / 22.6 = 16.15 days
Operating cycle = 24.66 days + 16.15 days = 40.81 days
<span>Answer:
40.81 days</span>
