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inna [77]
3 years ago
6

Within economics, the theory of scarcity says that there are unlimited wants and a finite amount of resources. However, history

has demonstrated the power of productivity to overcome the theory of scarcity. What is the economic practice responsible for overcoming scarcity?
Business
1 answer:
nika2105 [10]3 years ago
8 0

Answer:

According to the economists, the resources are scarce and human wants are unlimited. So, it is difficult to satisfy each and every want of people. But according to the theory of abundance, we can overcome from this problem by division and specialization of labor. If there is a proper division of labor according to their specialization then this will increase the productivity and one can produce more goods with the same level of resources.

From this economic practice, we can overcome from the problem of scarce resources.

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3 years ago
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Days sales outstanding. Baxley Brothers has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivab
marishachu [46]

Answer:

$230,000

Explanation:

Given that,

Days sales outstanding, DSO = 23 days

Annual sales = $3,650,000

Assume that it uses a 365 day year

Accounts receivable = (Annual sales × Days sales outstanding) ÷ 365 days

                                  = ($3,650,000 × 23) ÷ 365 days

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Therefore, the Baxley Brothers has  $230,000 balance in its accounts receivable.

4 0
3 years ago
Translate
Sedbober [7]

Answer:

from Spanish to English the question ia translated as: Question 16 of 25 Todd, a travel agent, lost his job because he did not need his skill. This is an example of what kind of unemployment? A. unemployment Cyclical

Explanation:

No other answers were given, so its impossible to translate thw other answers

5 0
3 years ago
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Rao Construction recently reported $28.00 million of sales, $12.60 million of operating costs other than depreciation, and $3.00
stich3 [128]

Answer:

a. $12.40

Explanation:

EBIT stands for earnings before interest and taxes; therefore, interest and taxes rates should not be considered. The EBIT is determined as the amount from sales deducted by operating costs and depreciation. The EBIT is:

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The answer is alternative a. $12.40.

6 0
3 years ago
The ledger of Nash Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entri
Triss [41]

Answer:

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Adjusting Entries

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Revenue Earned               $ 2040

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= 4080/2= $ 2040

3. Interest Expense  $220 Dr.

Interest Payable $ 220 Cr.

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3 0
3 years ago
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