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3 years ago

Trade-offs force society to make choices, particularly when answering the following three fundamental questions:

Business

1 answer:

joja [24]3 years ago

5 0

Answer:

The correct answer is D. One, what goods and services will be produced? Two, how will the goods and services be produced? Three, who will receive the goods and services produced?

Explanation:

There are two questions in particular that summarize the reason for the economy:

• How do elections determine what, how and for whom goods and services are produced?

• At what point are choices made in pursuit of personal interest promoting social interest?

What, how and for whom?

Goods and services are the objects that people value and produce to meet their needs.

What? It determines the goods and services that are produced as well as the amount that is produced from each good and service.

How? Goods and services are produced using what economists call production factors.

The factors of production are the resources that companies use to produce goods and services. These factors fall into four categories:

• Earth

• Job

• Capital

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What market structure has many relatively small buyers and sellers, a standardized product, good information to both buyers and

Ganezh [65]

Answer:

Perfect Competition

Explanation:

Perfect competition is a market characterized by many buyers and sellers that have full information and faces no barrier in entry and exit of the markets. It is the ideal form of market structure where competition is at is greatest possible value. The numerous buyers and sellers are engaged in trade of a homogeneous good in the market. It is also characterized by no long run economic profit and no control over prices.

5 0

3 years ago

Read 2 more answers

The August current year bank statement for Allison Company and the August current year ledger account for cash follow:

Stels [109]

The August current year bank statement for Allison Company and the August current year ledger account for cash follow is

1. Deposits in transit as on August 31 are $5,400.

2. Outstanding checks are $280 and $460 amounting to a total of $740 (280+460).

3. Bank reconciliation statement-

Particulars Amount ($) Particulars Amount ($)

Balance as per cash account* 22,475 Balance as per bank account 20,235

Add: Interest collected 2,550 Add: Deposits in transit 5,400

25,025 25,635

Less: Bank service charge (130) Less: Outstanding checks (740)

Adjusted book balance 24,895 Adjusted bank balance 24,895

*Balance as per cash account = 16,470+11,800+4,450+6,900+5,400-185-860-280-460-750-260-19,750

= 22,475

4. Journal entries-

S.No. Accounts titles and Explanation Debit ($) Credit ($)

1. Cash 2,550

Interest received 2,550

(To record the interest collected)

2. Bank service charges 130

Cash 130

(To record the bank service charges)

5. Balance sheet

Current assets

Cash and cash Equivalent 24,895

In accounting, a well-known ledger is used to fill all of an agency's transactions. inside a general ledger, transactional data is organized into assets, liabilities, sales, fees, and proprietor's equity. After each sub-ledger has been closed out, the accountant prepares the trial stability.

Ledger wallets are USB storage devices that hold more than one currency offline. It shops your non-public keys on the tool, making it tough for online hackers to get admission to your bills. If the bodily tool is stolen, customers depend upon a 24-word backup recovery word to get the right of entry to saved cryptocurrencies.

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4 0

1 year ago

Torino Company has 2,800 shares of $50 par value, 6.5% cumulative and nonparticipating preferred stock and 28,000 shares of $10

Feliz [49]

Answer:

The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is $10,200.

Explanation:

In order to calculate the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is , we have to make the following calculations.

First, we have to calculate the Annual preferred dividend = (2800*50*6.5%) = $9,100

Hence, First year preferred dividend = $9,100-$8,000 = $1,100

Finally, if we make $1,100+$9,100 = $10,200 and so this will be the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders.

8 0

3 years ago

What document is a summary of the money a company brought in (revenue) and what it paid out (expenses)?

alexgriva [62]

The income statement shows a detailed picture of the transactions of all revenue and expenses. The income summary account then summarizes these figures in order to produce the statement of retained earnings. Both the income statement and income summary show the revenue and expenses of a company.

4 0

3 years ago

Differential Analysis for a Lease or Buy Decision

il63 [147K]

Answer:

Lease Equipment $150,000

BUY EQUIPMENT$134,700

Differential Effects-$15,300

The company should choose BUY EQUIPMENT which is Alternative 2

Explanation:

Preparation of the differential analysis dated March 15 to determine whether Laredo Corporation should lease (Alternative 1) or purchase (Alternative 2) the equipment

Differential Analysis

Lease (Alt. 1) or Buy (Alt. 2) Equipment

March 15

Lease Equipment (Alternative 1); Buy Equipment

(Alternative 2); Differential Effects (Alternative 2)

Costs:

Purchase price $0 $120,000 $120,000

Freight and installation $0 $1,500 $1,500

Repair and maintenance (6 years) $0 $13,200.$13,200

($2,200*6=$13,200)

Lease (6 years) $150,000 $0 -$150,000

($25,000*6)

Total costs $150,000 $134,700 -$15,300

Based on the above calculation the company should choose BUY EQUIPMENT which is Alternative 2

4 0

3 years ago

Trade-offs force society to make​ choices, particularly when answering the following three fundamental​ questions:

Trade-offs force society to make choices, particularly when answering the following three fundamental questions: