Not guarantee that resources will be allocated efficiently nor that there will be equality.
In the above scenario, Kim is most likely concerned about quality and price of the product to replace the faulty one.
<h3>What is consumers right?</h3>
This is known to be the Right to Choose from any goods and services of one's choice.
Note that there are a different kinds of quality products and services at competitive prices and as such, In the above scenario, Kim is most likely concerned about quality and price of the product to replace the faulty one.
Learn more about right from
brainly.com/question/19681204
#SPJ1
Answer:
jul-01 Prepaid expenses 13.620
jul-01 Cash 13.620
dec-31 Insurance policy expense 2.270
dec-31 Prepaid expenses 2.270
Explanation:
Paid 1-jul 13620
Three Years 13.620 36 months
Monthly 378 month
Current Year 2.270 6 months
jul-01 Prepaid expenses 13.620
jul-01 Cash 13.620
dec-31 Insurance policy expense 2.270
dec-31 Prepaid expenses 2.270
Answer:
The rate at which money circulates through an economy.
Explanation:
In Macroeconomics, the term velocity refers to the speed at which money circulates in an economy, and it is a variable in a fundamental macroeconomic equation, the quantity theory of money equation:
M x V = P x T
Which states that the price of goods and services is equal to the amount of money in an economy, or its money supply (M) multiplied by the Velocity of circulation of money, which is in turn equal to price (P) multiplied by the number of transactions (T).
Answer:
a. $1,375
b. $1,240
Explanation:
FIFO method
FIFO assumes that the inventory to arrive first will be sold first. Inventory values depend on earlier purchases
Inventory = 185 x $5 + 75 x $6
= $1,375
LIFO method
LIFO assumes that the inventory to arrive last will be sold first. Inventory values depend on recent purchases
Inventory = 130 x $7 + 55 x $6
= $1,240
