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defon
3 years ago
11

Which situation best illustrates the concept of scarcity?

Business
1 answer:
White raven [17]3 years ago
8 0

Answer:

a person buying a used car due to limited income

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What is the purpose of approving "pork barrel" spending?
algol [13]
To win political support
8 0
3 years ago
Which two ways is productivity commonly measured? (Select two answers.) Number of workersAge of workersHours of laborLevel of ed
Mashcka [7]

Answer:

  • Number of workers
  • Hours of labor

Explanation:

Productivity is a gauge of efficiency in the production process. The most common way of calculating it is by dividing the outputs by inputs.

The other way of calculating productivity is through labor. Labor productivity assesses the rate of output per worker per unit of time, usually hourly.  Labor productivity is also the business's total production per unit of time, say an hour or per day.

6 0
3 years ago
A mutual fund had NAV per share of $19.00 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.14. Income
slava [35]

Answer:

9.63%

Explanation:

Calculation of Mutual Fund rate of return that the investor receive on the fund last year

Using this formula

Rate=(Fund's NAV -NAV per share +Income distributions+ Capital gain distributions )

Let plug in the formula

Where:

Fund's NAV =$19.14

NAV per share=$19.00

Income distributions=.57

Capital gain distributions =1.12

Hence

Rate =($19.14 - 19.00 + .57 + 1.12) / $19.00

=1.83/$19.00

=0.0963×100

Rate = 9.63%

Therefore without considering taxes and transactions costs, the rate of return that the investor receive on the fund last year will be 9.63%

5 0
3 years ago
East Hill Home Healthcare Services was organized five years ago by four friends who each invested $10,000 in the company and, in
kotegsom [21]

Answer:

1. Was East Hill Home Healthcare Services organized as a sole proprietorship, a partnership, or a corporation?

East Hill Home Healthcare Services should be considered a closed corporation since there is a small number of stockholders and its shares are not traded in an open trade market.

2. During the current year, the records of the company were inadequate. You were asked to prepare the summary of the preceding transactions.

Since there is not enough room here, I used an excel spreadsheet.        

4. What amounts do you need? If some amount is missing, look at the attached PDF.

total assets = $870,000

total liabilities = $280,000

total equity = $590,000

current assets = $134,500

current liabilities = $100,000

5. Compute the current ratio for the current year

current ratio = current assets / current liabilities = $134,500 / $100,000 = 1.345

     

Download pdf
8 0
3 years ago
Good cash management is an essential job of the financial manager. You own a small auto sales business called King Kars. You sto
nikdorinn [45]

Answer:

Explanation:

The answer to the above question is given in the attached document.

4 0
3 years ago
Read 2 more answers
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