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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:

3 0

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.

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Distinguish between small and large office.

kotykmax [81]

A small office is usually found in a smaller organization as for a bigger office is used for more high in people and company’s

8 0

3 years ago

The New Zealand dollar to U.S. dollar exchange rate is 1.35, and the British pound to U.S. dollar exchange rate is 0.61. If you

ExtremeBDS [4]

Answer:

The riskless profit is $0.2 per US dollar invested.

Explanation:

New Zealand dollar to US dollar exchange rate is 1.35

1 US dollar = 1.35 New Zealand dollars

1 New Zealand dollar = 0.54 pounds

Calculate the number of pounds that one can buy with 1.35 New Zealand dollars -

Number of pounds = 0.54 * 1.35

= 0.729 pounds

The number of pounds that one can buy with 1.35 New Zealand dollars is 0.729 pounds.

1 US dollar = 0.61 pounds

1 Pound = (1/0.61) US dollars

1 Pound = $1.64

Calculate the number of US dollars that one can buy with 0.729 pounds -

Number of US dollars = 0.729 * 1.64 = $1.2

The number of US dollars that one can buy with 0.729 pounds is $1.2

It can be seen that investing 1 US dollar and then cross conversion leads to a return of $1.2.

Riskless profit = $1.2 - $1 = $0.2

Therefore, The riskless profit is $0.2 per US dollar invested.

5 0

3 years ago

Cheyenne Corporation owns machinery that cost $23,600 when purchased on July 1, 2017. Depreciation has been recorded at a rate o

maw [93]

Answer:

This question is incomplete. However, I searched the web and found a similar question that is asking to "Prepare journal entries to (a)update depreciation for 2021"

Explanation:

The general journal entries will be as follows;

From Jan 1st to Sept. 1st, there are 8 months of depreciation. If yearly depreciation is $2,832, it means that monthly depreciation is $236.Therefore, depreciation expense for the 8 months would be (8*236 = $1,888). For journal entry, you will debit depreciation expense and credit accumulated depreciation;

Dr. Cr.

Depreciation $1,888

Acc. depreciation $1,888

5 0

3 years ago

In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of

ElenaW [278]

Answer:

$114,700

Explanation:

Bad debtsexpense -Write-offs= Change in Allowance balance.

Therefore Bad debts expense =Change in Allowance balance of $83,800 + Write-offs of $30,900= $114,700

The bad debt expense that Dinty report in its first-year income statement is $114,700

4 0

4 years ago

Pelder Products company manufactures two types of engineering diagnostic equipment used in The construction. in two products are

iren2701 [21]

Answer:

b. $ 264

Explanation:

Engineering

design mat. handling Setup Total

$6,000 $5,000 $3,000 $14.000

2 for X-rays 400 8 for X-rays

1 for ultrasound 600 7 for ultrasound

costs fro producing 100 ultrasound machines:

direct materials $8,000
direct labor $12,000
design costs = ($6,000/3) x 1 = $2,000
setup costs = ($3,000/15) x 7 = $1,400
material handling costs = ($5,000/1,000 parts) x 600 = $3,000

total production costs = $26,400

production costs per unit = $26,400 / 100 units = $264

3 0

4 years ago