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3 years ago

Allocative efficiency means that ___________.

Business

1 answer:

frutty [35]3 years ago

6 0

Answer:

D. society’s scarce resources are used to produce products that align with consumer preferences

Explanation:

Allocation efficiency is a point in the economy when the goods and services being produced are exactly what the customers or people of the economy want and this is a point of production when marginal social benefit of producing the good is equal to the producers marginal cost.

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A retail company sells products such as agricultural produce and consumer products. The company procures materials from farmers

mojhsa [17]

Answer:

Inbound logistics

Explanation:

Inbound logistics is the process of obtaining raw materials, and other goods and services, to the firm, while outbound logistics is the process of delivering the final goods and services from the firm to the customers.

In this case, the retail company is engaging in inbound logistics because it is procuring the raw materials from local farmers. Once these materials reach the firm, it can transform them into the agricultural produce and consumer produce that it sells.

5 0

3 years ago

How can you avoid spending more than what is in your

zimovet [89]

Answer:

keep your own records to compare with your financial institutions records

4 0

3 years ago

Five Star Manufacturing has provided the following data for the month of June. There were no beginning inventories; consequently

zubka84 [21]

Answer:

Five Star Manufacturing

The finished goods inventory at the end of June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:

$30,220

Explanation:

a) Data and Calculations:

Work in Process Finished Goods Cost of Goods Sold Total

Direct Materials $1,700 $6,300 $22,200 $30,200

Direct Labor $7,780 $15,750 $55,500 $79,030

Overhead Applied $4,320 $6,840 $24,840 $36,000

Total $13,800 $28,890 $102,540 $145,230

Allocation of overapplied

Overhead $840 $1,330 $4,830 $7,000

Adjusted Total $14,640 $30,220 $107,370 $152,230

Manufacturing overhead overapplied by $7,000

Basis of apportionment of overapplied overhead: overhead applied

Work in Process Finished Goods Cost of Goods Sold Total

Basis ratio 0.12 0.19 0.69 1

Overapplied

overhead $840 $1,330 $4,830 $7,000

6 0

3 years ago

RV Company agrees to buy a certain quantity of vintage campers from Sales Inc. Their contract limits consequential damages for l

Aleks [24]

Answer:

consequential damages cover only reasonable foreseeable losses.

Explanation:

The contract limits the resulting loss to lost profits from the use of the goods. The limit is not necessarily unconscious because lost profits are not necessarily significant and can be considered as direct or indirect losses.
the contract may apply to both the lease and the sale and excluding some from the contract simply because it is a commercial loss makes no sense.
so limit is not necessarily unconscionable because consequential damages cover only reasonable foreseeable losses.

4 0

2 years ago

The Overstock-Grant Thornton dispute was publicly aired via disclosure statements filed with the SEC. What impact do you believe

Tresset [83]

Answer:

In light of research of Overstock's money related accomplishment, clearly these exposures influenced Overstock's trading cost. Theorists and customers of the spending reports despite everything have restrictive necessities that the self-governing reviewers ensure that financial reports are truly addressed. This has influenced audit and the board obligations and puts more weight on associates and authorities to appropriately address their financial rundowns. I think Grant Thornton acted inappropriately in light of their clashing use of the $785,000 A/R/Gain Contingency. Grant Thornton didn't from the outset prescribe making an altering section in this way Overstock gave their 10-k with the $785000 as expansion plausibility.

6 0

3 years ago