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4 years ago

Which situation creates scarcity in an economy?

Business

1 answer:

scZoUnD [109]4 years ago

4 0

Answer:

C. Citizens have more wants than they can fulfill with their available resources.

Explanation:

Correct for APEX

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Municipal bonds are issued by whom? A. Federal government B.State or local governments C. Corporations D. All of the above

True [87]

The answer all of the above

4 0

3 years ago

Read 2 more answers

Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

ValentinkaMS [17]

Answer:

$10,900

Explanation:

The computation of net operating income (loss) for the month under variable costing is shown below:-

Sales = Selling price × Units sold

= $116 × 8,600

= $997,600

Variable cost = (Direct material + Direct labor + Variable manufacturing overhead + Variable selling and administrative expenses) × Units sold

= ($19 + $61 + $7 + $11) × 8,600

= $98 × 8,600

= $842,800

Contribution Margin = Sales - Variable cost

= $997,600 - $842,800

= $154,800

Fixed cost = Fixed manufacturing overhead + Fixed selling and administrative expense

= $135,000 + $8,900

= $143,900

Net operating income = Contribution Margin - Fixed cost

= $154,800 - $143,900

= $10,900

Therefore for computing the net operating income we simply applied the above formula.

4 0

3 years ago

In recent years debit cards have become popular. Debit cards allow the holder of the card to pay a merchant for gods and service

enyata [817]

Answer:

Debit cards are assigned to checking accounts, and since they have become more popular, the amount of currency in the economy has decreased while the amount of checking account deposits has increased.

Explanation:

Actual currency (bills and coins) and checking accounts are part of the M1 category of the money supply, since both are considered completely liquid.

3 0

4 years ago

A company that accepts responsibility for a problem and does all that society expects to solve that problem is using:

Mazyrski [523]

A company that accepts responsibility for a problem and does all that society expects to solve that problem is using: an accommodative strategy.

<h3>What is a Reactive Strategy?</h3>

This refers to the type of strategy that a person uses to respond to issues when they happen.

Hence, we can see that a tobacco company taking a reactive stance to the claims that smoking causes cancer would: 4. place a warning label on cigarette packages about the dangers of smoking.

Read more about reactive strategy here:

brainly.com/question/14104555

#SPJ1

4 0

2 years ago

For an organization with annual sales of $500 million, purchases of $300 million and profit of $75 million, a 15 percent reducti

Step2247 [10]

Answer: B. 60 percent (sales increase of 60 percent would be required to achieve the same percentage increase in profit).

Explanation:

Annual sales = $500,000,000

Purchases = $300,000,000

Revised purchases = $300,000,000 × (100% - 15%) = $300,000,000 × 85%

= $255,000,000.

Current profit = $75,000,000

Current profit percentage = $75,000,000 / $500,000,000

= 15%

Additional profit due to the reduction in the purchases = Purchases - Revised purchases

= $300,000,000 - $255,000,000

= $45,000,000

Additional sales made = $45,000,000 / 15% = $300,000,000.

Profit Leverage effect = $300,000,000 / $500,000,000 = 0.6 = 60%

Therefore,the correct option is B.

7 0

3 years ago