Answer:
The correct answer is letter "C": a result of more efficient resource allocation than would be observed in the absence of trade.
Explanation:
Trade has allowed societies to exchange their products according to their needs. Thanks to trade those goods are distributed accordingly more <em>efficiently </em>since, in isolation, countries would be specialists of certain types of products only which is unlikely to be enough to cover all the individuals' needs in those societies.
Answer:
FALSE
Explanation:
It is False that Seasonal variations and long run trends complicate the measurement of the business cycle because people are not prepared for the shift in the cycle since they are unexpected.
<em>Seasonal variations are recurring fluctuations that happen at regular and predictable periods every calendar year. Hence they are recurring and expected each year in defined months of the year</em>
<em>Businesses ought to expect to experience seasonal fluctuations in their product demand because an ice-cream producer should expect to sell more in summer while umbrella producers will sell more during the rainy season. This ability of identification of the impact of seasonal influences and the purchasing habits assists in managing seasonal variations.
</em>
<em>
One of the methods that businesses use to accommodate seasonal variations in product demand forecasting is Exponential soothing.</em>
<em>Exponential soothing as a tool of product demand forecasting purports that businesses should first base their forecasts on general demand, before factoring in seasonal influences. </em>
Answer:
The market value of shareholders’ equity is $16,367
Explanation:
In this question, we are asked to calculate the residual value owed to shareholders.
We proceed as follows:
Firstly, we identify the following;
Amount payable to creditors = $33,333
Market value of assets = $49,700
Mathematically,
Market value of shareholders equity = Market value of assets - Amount payable to creditors = $49,700 - $33,333 = $16,367
Answer:
c. Utilities expense is a mixed cost and rent expense is a fixed cost.
Explanation:
Seacrest Enterprises
1000 units 5000 Units
Total Cost Total Cost /Unit Total Cost Total Cost/Unit
Direct materials $5,000 $5.00 $25,000 $5.00
Utilities expense $1,000 $1.0 0 $3,750 $0.75
Rent expense $4,000 $4.00 $4,000 $0.80
Direct Materials show variable Costs
Utilities expense show mixed costs
Rent Expense show fixed costs
The correct answer is
c. Utilities expense is a mixed cost and rent expense is a fixed cost.
