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Allisa [31]
3 years ago
14

With scarcity at the base of all material economics the key operating principle is

Business
1 answer:
Tamiku [17]3 years ago
4 0
With scarcity at the basis of all material economics, the key operating principle is Opportunity Cost. This is defined as the loss of potential gain from other alternatives when one alternative is chosen. If you have more of one thing, you must have less of another.
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On November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wi
goldfiish [28.3K]

Answer:

$780

Explanation:

Since King agreed to pay Taylor $4,680 for the one-year period which is divisible into 12 months

On the other hand Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2019, Therefore the amount to be recognized in 2018 will 2 months comprising November and December.

Therefore 2018 revenue = 2 / 12 x $4,680 = $780

3 0
2 years ago
Since your birth​, your grandparents have been depositing $ 100 into a savings account every month. The account pays 9​% interes
g100num [7]

Answer:

Future Value= $53,635.17

Explanation:

Giving the following information:

Since your birth​, your grandparents have been depositing $ 100 into a savings account every month. The account pays 9​% interest annually.

First, we need to calculate the monthly interest rate:

Real interest rate= 0.09/12= 0.0075

Now, using the following formula, we can calculate the future value:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit= 100

n= 18*12= 216

i= 0.0075

FV= {100*[(1.0075^216)-1]}/0.0075

FV= $53,635.17

3 0
3 years ago
Which statement best summarizes the law of demand ?
miskamm [114]

Answer:it’s D

Explanation: Just answered it

5 0
3 years ago
Craig sees that his company's quarterly sales and profits are significantly above projections and says, "That's great. Let's kee
Bezzdna [24]

Answer:

b. evaluate performance

Explanation:

Simply stating that previous work and performance was satisfactory is not enough for the business to grow. In order to state a sentence like in the example, Craig has to be concrete with performance analyses, meaning he and his team need to determine what caused such a spike in sales.

Good practice has to be determined and documented in order to be continuously used.

7 0
2 years ago
Leaders who have avid and dedicated followers are said to have which of the following?
Ostrovityanka [42]
Answer: authority and legitimacy

Leaders who have consistent, avid and dedicated followers are believed to have authority and legitimacy. The sense of authority and legitimacy that can be felt and seen coming from a leader is very necessary in order to command and direct followers to a certain goal. 

5 0
3 years ago
Read 2 more answers
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