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4 years ago

How do scarce resources influence you personally? What impact does this have on your financial management?

1 answer:

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Scarce resources encourage me to spend time thinking about how I use the limited amount of money and materials that have so that I may use them in a matter that best guarantees that I will get the most satisfaction out of it. Since resources also include time, they also define how much I time I spend doing which activities, and steer me to put in a certain degree of work.

Since there is a limited supply of resources, the great wheel that facilitates the cycle that these such resources use, known as money, must also be limited. How I manage my finances (money and resources). Knowing this, I am encouraged to invest such resources into more efficient outlets to attain the most powerful results out of my few resources.

You might be interested in

Do you agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year? What about t

Masteriza [31]

Answer:

I don’t really agree because they aren’t going to the basketball game in real person. And how they are charging higher prices are very unfair. But since there aren’t a lot of people paying to watch the game virtually, maybe higher prices would be pretty reasonable. But again the prices shouldn’t have gone up because viewers aren’t getting the real-person experience of the game.

8 0

3 years ago

The future value and present value equations also help in finding the interest rate and the number of years that correspond to p

Vilka [71]

Answer:

Explanation:

Solution:

Calculation for the the implied interest rate the investor will earn on the security

Using this formula

Future value = Present Value (1+r)^t

Where,

Future value =$7,300

present value = $6,000

t= period = 5 years

r= interest implied = ??

Let plug in the formula

Future value = Present Value (1+r)^t

$7,300 = $6,000 (1+ r)^5

1+ r = ($7,300/$6,000 )^(1/5)

1+ r = 1.216666666^(1/5)

1+ r = 1.04

r= 1.04-1

r= 0.04*100

r= 4%

Therefore the implied interest rate the investor will earn on the security will be 4%

4 0

3 years ago

Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inve

Whitepunk [10]

Answer:

a.the direct material costs= $ 131,000

b. the direct labor cost= $ 86,000

c. the manufacturing overhead= $ 282,100

d. the total manufacturing cost= $ 499,100

e. the prime cost= $ 217,000

f. the conversion cost= $ 368,100

g. the total period cost== $ 165,000

Explanation:

a.The Direct Material Costs.

Fiber glass raw material $ 93,000

Binding raw materials $ 38,000

Direct material costs. $ 131,000

b. The Direct Labor Cost.

Wages of assembly workers $ 86,000

c. The Manufacturing Overhead.

Screws $ 1,100

Wages of snowboard painters $ 82,000

Wages for maintenance workers $ 37,000

Factory rent $ 48,000

Utilities for factory $ 15,000

Factory property taxes $ 12,000

Depreciation on production equipment $ 29,000

Production supervisor salary $ 58,000

The Manufacturing overhead $ 282,100

d. The Total Manufacturing Cost. = $ 131,000 +$ 86,000 + $ 282,100

= $ 499,100

e. The Prime cost = Direct Material + Direct Labor

= $ 131,000 +$ 86,000= $ 217,000

f. The Conversion Cost = Direct Labor + FOH

=$ 86,000 + $ 282,100

= $ 368,100

g. The Total Period Cost.

Period Costs= Non manufacturing Costs

= Sales manager salary $ 42,000+Advertising $ 123,000

= $ 165,000

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4 years ago

To avoid double-counting output in GDP measures, _____ are excluded in GDP.

Effectus [21]

The correct answer is d). We have that government spending can also give way to products and services, just like private enterprises, thus there is no double-counting there. Services such as haircuts have their own value, which are separate from any other material products. Finally exports are also not counted twice; Raw materials though would be counted twice if we counted them for the GDP since their value is incorporated in the value of the final product. For example, we cannot count towards the GDP the value of rubber production in a country since then, if we counted the value of the tires too, we would count the value of the rubber in the tires twice (one time as rubber/ one time as part of the tire).

7 0

3 years ago

On December 31, 2015, Beta Company had 340,000 shares of common stock issued and outstanding. Beta issued a 6% stock dividend on

Tomtit [17]

Answer:

A. 353,150

Explanation:

To get The appropriate number of shares to be used in the basic earnings per share for 2016,

You subtract the stock that was acquired in September from the Beta company shares.

Thus

(340,000*1.06) - (29,000*3/12) = 353,150.

353,150 is the number of shares to be used for computing September 2016 shares.

3 0

3 years ago