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3 years ago

Why are resources scarce in economics?

1 answer:

6 0

Answer: Scarcity is the foundation of the essential problem of economics: the allocation of limited means to fulfill unlimited wants and needs. Even free natural resources can become scarce if costs arise in obtaining or consuming them, or if consumer demand for previously unwanted resources increases due to changing preferences or newly discovered uses.

Explanation:

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Why do political parties create platforms? How are platforms useful to voters?

telo118 [61]

Political parties create platforms in order for them to create methods to resolve various issues in society. These platforms are very useful for voters as it gives them an idea on how it will help them further in various aspects - ranging from resolving violence to the point of equaling their rights.

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4 years ago

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Alliance Company budgets production of 24,000 units in January and 28,000 units in the February. Each finished unit requires 3 p

Eddi Din [679]

Answer:

Total direct material needed in pounds= 101,400 pounds

Explanation:

Giving the following information:

Each finished unit requires 3 pounds of raw material K that costs $3.00 per pound.

Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials.

The January 1 inventory for this material is 25,200 pounds.

Production:

January= 24,000 units

February= 28,000 units

<u>Direct material budget:</u>

Production= 24,000*3= 72,000 pounds

Desired ending inventory= (28,000*0.35)*3= 29,400 pounds

Total direct material needed in pounds= 101,400 pounds

Purchases= production + desired ending inventory - beginning inventory

Purchases= 101,400 - 25,200

Purchases= 76,200 pounds

Direct material purchase cost= 76,200*3= $228,60

3 0

3 years ago

On July 9, Mifflin Company receives an $7,200, 90-day, 8% note from customer Payton Summers as payment on account. What entry sh

Dmitry [639]

Answer:

Oct 6 Cash 7344 Dr

Interest Revenue 144 Cr

Notes Receivable 7200 Cr

Explanation:

First we calculate the day on which notes receivable is due.

We start from July 9 as being our first day and in July there are 31 days so 31 - 8 = 23

In August there are 31 days.

In September there are 30 days.

So total days till september are 22+31+30 = 84

So the note is due to be received on October 6.

The amount of interest due is 7200 * 0.08 * 90/360 = $144

The entry to be passed on Oct 6 is a debit to cash for the amount of principal and interest (7200+144) and a credit to interest revenue of 144 and notes receivable of 7200

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4 years ago

As the employees began to leave the meeting room, some were overheard grumbling that those at the top were just profiteers, that

MAXImum [283]

The answer is defensiveness. It is the category as the general tendency to control one’s expression of negative emotion and not all oneself to be influenced by these negative feelings. In addition, self-deception was associated with decreased physiological reactivity to a stressful task while defensiveness was associated with increased physiological reactivity. This difference among self-deception and other deception.

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3 years ago

____________ result(s) from factors such as manufacturing products in very large quantities, buying inputs in bulk, or making mo

Delicious77 [7]

The question is incomplete, it lacks option.

A) Brand loyalty

B) Demographic forces

C) Political forces

D) Brand positioning

E) Economies of scale

Answer:

Economies of scale

Explanation:

Economies of scale can be described as a reduction in cost, this occurs when companies increases the rate of their production.

Economies of scale can also be reffered to as a process whereby an organization becomes more efficient and therefore reduces the costs of their products.

Economies of scale can be greatly influenced by a large amount of capital which is made available to companies to improve their various operations.

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4 years ago

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