Answer:
c. scarce for households and scarce for economies.
Explanation:
One of the most popular definitions of economic sciences is that this field studies the allocation of scarce resources. This reference to scarcity is a general consensus that exists within economic scientifics and makes no exceptions: the economy is a virtual entity consititued by households, individuals, firms, government and environment. Is not logical to assume scarcity in the economy and plentiful in the households and viceversa.
Answer:
The proper IFRS presentation is:
d. Listing current assets before noncurrent assets, and listing Current Liabilities before Retained Earnings
Explanation:
The above listing is in the order of liquidity, especially of current assets and noncurrent assets. This listing shows all the current assets before the noncurrent assets with Cash, Accounts Receivable, etc following that order for the listing of current assets. And the more permanent assets are listed last. Similarly, for the Liabilities and Equity side, the Current Liabilities are listed first before the Noncurrent Liabilities followed by Equity (Share Capital and Retained Earnings) in that order.
Answer:
a.
Explanation:
The main difference between these two types of decisions is that unlike nonprogrammed decisions, programmed decisions are made in response to recurring organizational problems. That is because programmed decisions are decisions that are made based on an already created guideline or procedure due to the problem occurring various times before.
Answer:
if the price increases by 1 percent, the quantity demanded will decrease by 2 percent.
Explanation:
As we know that
Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)
Since the price elasticity of demand is -2 that means the price is increased and the quantity demanded is decreased
The price would be increased by 1% and the quantity demanded would be decreased by 2% because of this, the price elasticity would be negative
Answer:
The capacity utilization rate for month of October is 72.83%.
Explanation:
FORMULA FOR CALCULATING CAPACITY UTILIZATION RATE -
= ACTUAL CAPACITY / MOST EFFICIENT CAPACITY
GIVEN INFORMATION -
Actual capacity for month of October - $10,925
Most efficient capacity - $15,000
Putting these values in formula -
= $10,925 / $15,000
= .7283
Now multiplying it by 100 to convert it in to percentage
= .7283 x 100
= 72.83%