1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mrrafil [7]
3 years ago
11

Loss is the value of the economic surplus that is forgone when a market is not allowed to adjust to its competitive equilibrium.

Business
1 answer:
avanturin [10]3 years ago
7 0

Answer:

True (Dead-weight loss )

Explanation:

When the market is not allowed to adjust towards the equilibrium the economics efficiency is lost. When the supply is excessive compared to demand some part of supply remains intact, which means that small of amount of supply does not contribute to economics and allocation efficiency and considered as a dead-weight loss. The supply is forgone because the market is not allowed to stabilise.

You might be interested in
Nadira stood outside the mall and asked people which stores they visited and if they bought anything. If they said yes, she aske
AlexFokin [52]

Answer: In-depth interview.

Explanation:

Nadira engaged the buyers at the mall in in-depth interview to gather information on the buyers behavior. An in-depth interview is a form of information gathering that involves, a one-on-one interaction between two people, where one person ask some set of questions and the other person offers sincere answers to questions asked.

8 0
2 years ago
People who are unemployed because wages are, for some reason, set above the level that brings labor supply and demand into equil
Alik [6]

Answer: structurally unemployed

Explanation: The structurally unemployed are people who are unemployed because wages are, for some reason, set above the level that brings labor supply and demand into equilibrium. This translates to a mismatch between the jobs available and the skill levels of unemployed workers i.e., the skills unemployed workers have do not match the skills needed or required by employers which often are higher paying. Structural unemployment is caused by forces such as technological advancements, trade agreements etc. Typically it occurs when an underlying shift in the economy makes it difficult for some group of workers to obtain jobs.

3 0
3 years ago
Can somebody please give me 10 examples of jobs that have to do with finance?HELP ASAP
tamaranim1 [39]

Finance Jobs:

Financial planner, Financial Analyst, Investor Relations Associate, Budget Analyst, Actuary, Accountant, Credit Analyst, Attorney, Commercial Real Estate Agent, Business Teacher.


Marketing Jobs:

Marketing Specialist, Social Media Manager, Email Marketing Manager, Product Manager, Brand Manager, Media Buyer, eCommerce Manager, Web Producer, Public Relations Managers

3 0
3 years ago
Southwest Pediatrics has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $121,000; All
kogti [31]

Answer:

Bad debt expense  $ 26,300

Allowance for Uncollectible Accounts   $ 26,300

Explanation:

Initial Balance  

Accounts Receivable  $ 121,000

Allowance for Uncollectible Accounts   $ 2,100 - Debit

Bad Debts Expense =  20% / Accounts Receivable $ 24,200

Adjusting Entry

Bad debt expense  $ 26,300

Allowance for Uncollectible Accounts   $ 26,300

Final Balance  

Accounts Receivable  $ 121,000

Allowance for Uncollectible Accounts   $ 24,200 - Credit

Accounts Uncollectible are those credit that the company give and there are not chances of been collected.

When the customers buy products on credits but then the company can't collect the debt, then it's necessary to write off the unpaid bill as uncollectible

One way it's to write-off directly the bad debts at the moment decided that the credit are uncollectible, the total amount it's reported as bad debt expenses which affect negativly the income statement and the accounts receivable are reduce in the same amount, less assets.

The other way it's to determine a percentage of total amount of accounts receivables as uncollectible, exist many ways to analize the accounts receivable and figure the value of uncollectible.

When the company have the percentage of uncollectible accounts the journal entry required is Bad Expenses (debit) with Allowance for Uncollectible Accounts (credit)

At the moment of the write-off as the expenses were before recognized we only use the Allowance for Uncollectible Accounts (Debit) with Accounts Receivable (Credit), with this we are recognizing the uncollectible credit of the company.

6 0
3 years ago
Which stage of economic development is a time of change from the traditional way of doings things in a society to moving toward
lesantik [10]

Answer:

takeoff

Explanation:

Takeoff is a stage marked by rapid economic growth based upon a few key economic industries or sectors, such as steel, railroads, textiles, and food production. Drive to maturity is a stage where the economy continues to grow and to diversify from the handful of industries that drove growth in the previous stage.

6 0
3 years ago
Other questions:
  • On January 1, 2020, Cougar Sales, Inc. issued $15,000 in bonds for $14,700. They were 6-year bonds with a stated rate of 9%, and
    6·1 answer
  • An economic system that operates mainly on private transactions where firms are free to make their own production, distribution
    5·1 answer
  • Refer to standard motor products. when standard motor products’ edwardsville plant decided to give its teams the highest level o
    14·1 answer
  • Mike begins an excavation on his land to construct a new building. The excavation causes a subsidence in neighboring lands and b
    8·1 answer
  • You manage a plant that​ mass-produces engines by teams of workers using assembly machines. The technology is summarized by the
    10·1 answer
  • The minimum salary for a running back is $1.35 million per year. One of the Whalers' running backs was hurt during the last game
    15·1 answer
  • Between 1950 and​ 2017, the price of wheat fell dramatically from​ $19.23 per bushel to​ $3.85 per bushel. Suppose between 1950
    5·1 answer
  • . Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight of
    13·1 answer
  • In the buying center, ryan answers the phones, receives and opens the mail, and monitors the incoming email. He sorts through al
    8·1 answer
  • andrea was physically present in the united states for 150 days in 2023, 120 days in 2022, and 90 days in 2021. under the substa
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!