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Oduvanchick [21]
4 years ago
13

#1. What is true about economic resources? Economic resources include only money./ Economic resources are limited./ Economic res

ources exist only at the individual level. / Economic resources are always controlled by the government.....#2. An economy where more money is being collected than is being allocated or spent is known as what type of economic stance? Expansionary/ Contractionary/ Neutral / Exceptionary
Business
1 answer:
Diano4ka-milaya [45]4 years ago
3 0
The right answer for the question that is being asked and shown above is that: "Economic resources are limited." The statement that is true about economic resources is that <span>Economic resources are limited.

The right answer for the question that is being asked and shown above is that: "</span><span>Contractionary"</span>
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Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year: Work in Process, January
slega [8]

Answer:

cost of goods manufactured= $64,700

Explanation:

Giving the following information:

Work in Process, January 1 $ 53,600

Work in Process, December 31 38,800

Total Factory overhead 7,300

Direct materials used 14,300

Direct labor used 28,300

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 53,600 + 14,300 + 7,300 + 28,300 - 38,800

cost of goods manufactured= $64,700

7 0
3 years ago
In an effort to compete with foreign markets, suppose production facilities across the nation operating at full employment, adde
vitfil [10]

Answer:

d. I and II only.

Explanation:

If a night shift is added, then total production output should increase (that is the whole idea of adding that extra hours of production time).

Economic growth will increase because even though capital is the same (the same factory), other production factors will be new, e.g. labor and land (materials).

The production possibilities frontier should shift outward, i.e. it should expand. The shift will not happen along the existing curve.

4 0
4 years ago
________ advertising primarily maintains brand relationships and is important for mature products.
Brrunno [24]

Answer:

Reminder.

Explanation:

Reminder advertising is basically the key to retain customer by briefly messages them to remind them about a new product or anything.

8 0
3 years ago
The invisible-hand concept suggests that.
stealth61 [152]
When firms maximize their profits, society's output will also be maximized is the concept of the 'invisible hand.' This was first introduced by Adam Smith in the mid 1700's.
6 0
4 years ago
The purpose of the gross method of accounting for sales discounts is to a.avoid recording a subsequent adjusting entry. b.record
dem82 [27]

The main purpose of the gross method of accounting for sales discounts is to abide by the GAAP requirements to record sales in the amount most likely to be received.

<h3>What are GAAP requirements?</h3>

Also called the Generally Accepted Accounting Principles requirements, it refers to the collection of accounting rules and standards for financial reporting.

Hence, the gross method of accounting for sales discounts are used because its abide by the GAAP requirements to record sales in the amount most likely to be received.

Therefore, the Option D is correct.

Read more about GAAP

<em>brainly.com/question/17895474</em>

#SPJ12

6 0
2 years ago
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